28th Jan 2009 07:00
The Notice below was lodged with the Australian Securities Exchange by Rio Tinto Limited on 28 January 2009
Notice to ASX
28 January 2009
The Boards of Rio Tinto Limited and Rio Limited plc note recent press speculation concerning a possible equity issue. As outlined in the announcement of 10 December 2008, Rio Tinto continues to consider a range of options to meet its commitments to reduce debt by US$10 billion by the end of 2009, including, amongst other things, reduction of capital expenditure and operating expenditure, a reduction in global headcount, and expanding the scope of assets targeted for divestment.
In order to preserve maximum flexibility for the Group, the Boards do not rule out the potential to issue equity as one of the options it has available, if it is determined to be in the best interest of shareholders. No decision on which options will be pursued has yet been taken and further announcements will be made as and when appropriate.
Related Shares:
Rio Tinto