15th May 2009 07:00
Rio Tinto and Chinalco obtain clearance from Committee on Foreign Investment in the United States (CFIUS)
15 May 2009
Rio Tinto and Chinalco announced today that they have obtained clearance from the Committee on Foreign Investment in the United States ("CFIUS") regarding the proposed issue of convertible bonds to Chinalco and the indirect minority investment in Kennecott Utah Copper Corporation, as contemplated by the strategic transaction announced by Rio Tinto and Chinalco on 12 February 2009. Rio Tinto and Chinalco jointly filed a voluntary notice with CFIUS in connection with the transaction. The receipt of CFIUS clearance satisfies a regulatory pre-condition to the transaction.
This follows receipt of approvals from the Australian Competition and Consumer Commission on 25 March and the German Federal Cartel Office on 31 March.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.
About Chinalco
Chinalco is an international diversified mineral resources company and one of the largest diversified metals and mining companies in China. Chinalco is an industry leader in processing nonferrous minerals. It conducts exploration and mining, processes various mineral resources including bauxite, copper and other metals, and provides engineering and technical services to the mining industry. Headquartered in Beijing, Chinalco and its subsidiaries have operations in 22 provinces in China and 15 overseas offices in 10 countries and regions. In 2008, Chinalco became a Fortune Global 500 company.
For further information, please contact:
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Media Relations, London Christina Mills Office: +44 (0) 20 7781 1154 Mobile: +44 (0) 7825 275 605
Nick Cobban Office: +44 (0) 20 7781 1138 Mobile: +44 (0) 7920 041 003
Media Relations, US and South America Tony Shaffer Office: +1 202 393 0266 Mobile: +1 202 256 3667 |
Media Relations, Australia Amanda Buckley Office: +61 (0) 3 9283 3627 Mobile: +61 (0) 419 801 349 Ian Head Office: +61 (0) 3 9283 3620 Mobile: +61 (0) 408 360 101 Media Relations, Canada Stefano Bertolli Office:: +1 (0) 514 848 8151 Mobile: +1 (0) 514 915 1800 |
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Investor Relations, London Nigel JonesOffice: +44 (0) 20 7753 2401 Mobile: +44 (0) 7917 227 365 David Ovington Office: +44 (0) 20 7753 2326 Mobile: +44 (0) 7920 010 978Investor Relations, North America Jason Combes Office: +1 (0) 801 685 4535 Mobile: +1 (0) 801 558 2645
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Investor Relations, Australia Dave Skinner Office: +61 (0) 3 9283 3628 Mobile: +61 (0) 408 335 309
Simon Ellinor Office: +61 (0) 7 3867 1607 Mobile: +61 (0) 439 102 811 |
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Email: [email protected]
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Website: www.riotinto.com
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| For Chinalco: Maitland, Media advisors to Chinalco, London Office +44 (0) 20 7379 5151 Philip Gawith Mobile +44 (0) 7887 954 048 Liz Morley Mobile +44 (0) 7798 683 108 FD Third Person, Media advisors to Chinalco, Australia Office +61 (0) 2 8298 6100 Jim Kelly Mobile +61 (0) 412 549 083 Amanda Lee Mobile +61 (0) 410 774 618 Website: www.chinalco.com | |
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