12th Jul 2010 07:00
Rio Tinto refers Ivanhoe's Shareholder Rights Plan to arbitration
12 July 2010
Rio Tinto gave notice to Ivanhoe Mines Ltd. on 9 July 2010 that it has referred to arbitration Ivanhoe's breaches of the Private Placement Agreement caused by its adoption of the Shareholders Rights Plan. Before its adoption, Rio Tinto advised Ivanhoe that the Rights Plan would breach Rio Tinto's contractual rights. However, the board of Ivanhoe nonetheless adopted the Plan on April 6, 2010 over Rio Tinto's strong objection.
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.
For further information, please contact:
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Media Relations, London Faeth Birch / Conor McClafferty / Clare Hunt Office: +44 (0) 20 7781 1138 Mobile: +44 (0) 7920 041 003 Christina Mills Office: +44 (0) 20 7781 1154 Mobile: +44 (0) 7825 275 605
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Media Relations, Australia David Luff Office: +61 (0) 3 9283 3620 Mobile: +61 (0) 0419 850 205
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Media Relations, Americas / Canada Tony Shaffer Office: +1 202 393 0266 Mobile: +1 202 256 3667 |
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Investor Relations, London Mark Shannon Office: +44 (0) 20 7781 1178 Mobile: +44 (0) 7917 576597 David Ovington Office: +44 (0) 20 7781 2051 Mobile: +44 (0) 7920 010 978 Investor Relations, North America Jason Combes Office: +1 (0) 801 204 2919 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 3361 4365 Mobile: +61 (0) 439 102 811
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Website: www.riotinto.com
Email: [email protected] / [email protected]
High resolution photographs and media pack available at: http://www.riotinto.com/media
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