Rio Tinto Refers Ivanhoe's Shareholder Rights Plan to Arbitration
Rio Tinto announced today that it has given notice to Ivanhoe Mines Ltd.
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.
High resolution photographs and media pack available at: http://www.riotinto.com/media
Rio Tinto plc
Media Relations, London
Faeth
Birch / Conor McClafferty / Clare Hunt
Office: +44 (0) 20 7781 1138
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or
Christina Mills
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or
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393 0266
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or
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Relations, London
Mark Shannon
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or
David Ovington
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7781 2051
Mobile: +44 (0) 7920 010 978
or
Investor
Relations, North America
Jason Combes
Office: +1 (0) 801
204 2919
Mobile: +1 (0) 801 558 2645
or
Media
Relations, Australia
David Luff
Office: +61 (0) 3 9283 3620
Mobile:
+61 (0) 0419 850 205
or
Investor Relations, Australia
Dave
Skinner
Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 408 335 309
or
Simon
Ellinor
Office: +61 (0) 7 3361 4365
Mobile: +61 (0) 439 102 811
Email: media.enquiries@riotinto.com
/ enquiries.mediaaustralia@riotinto.com
Website:
www.riotinto.com
