Rio Tinto PLC Rio Tinto receives a binding offer for Dunkerque

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RNS Number : 5078B

Rio Tinto PLC

10 January 2018

Rio Tinto receives a binding offer for Aluminium Dunkerque

10 January 2018

Rio Tinto has received a binding offer from Liberty House to acquire Rio Tinto's Aluminium Dunkerque smelter in northern France for $500 million, subject to final adjustments. In accordance with French law, Rio Tinto will launch a consultation process with employees, relevant European works councils and other stakeholders in relation to the bid. Subject to satisfactory completion of these consultations, Rio Tinto expects to complete the sale of Aluminium Dunkerque in the second quarter of 2018.

The proposal received from Liberty House, which acquired Rio Tinto's Lochaber Smelter and assets in Scotland in December 2016, includes plans for the modernisation of the site.

Rio Tinto Aluminium chief executive Alf Barrios said "The binding offer for the sale of Aluminium Dunkerque represents the best option for the future development of the site while also delivering value for Rio Tinto as we continue to streamline our portfolio.

"Liberty House has a track record of investing in similar assets, which should secure a long-term sustainable future for Aluminium Dunkerque and continued economic benefit for the wider community".

Contacts

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Media Relations, UnitedMedia Relations, AustraliaKingdomJonathan RoseIlltud Harri T +61 3 9283 3088T +44 20 7781 1152 M +61 447 028 913M +44 7920 503 600 David OuthwaiteT +44 20 7781 1623M +44 7787 597 493 David LuffT +44 20 7781 1177M +44 7780 226 422 Investor Relations, AustraliaInvestor Relations, United Natalie WorleyKingdomT +61 3 9283 3063John Smelt M +61 409 210 462T +44 20 7781 1654M +44 7879 642 675 Rachel Storrs T +61 3 9283 3628David Ovington M +61 417 401 018T +44 20 7781 2051M +44 7920 010 978 Nick ParkinsonT +44 20 7781 1552M +44 7810 657 556Rio Tinto plcRio Tinto Limited6 St James's SquareLevel 7, 360 Collins StreetLondon SW1Y 4ADMelbourne 3000United Kingdom Australia T +44 20 7781 2000 T +61 3 9283 3333Registered in EnglandRegistered in AustraliaNo. 719885 ABN 96 004 458 404

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