Rio Tinto RIO Power supply deal agreed for Oyu Tolgoi

  Rio Tinto (RIO) - Power supply deal agreed for Oyu Tolgoi

RNS Number : 3077Q
Rio Tinto PLC
05 November 2012




                   Power supply deal agreed for Oyu Tolgoi



5 November 2012



Oyu Tolgoi has signed a binding agreement with a Chinese power company for the
supply of electricity to the nearly-completed copper and gold mine in
Mongolia.



Within the next few weeks, Oyu Tolgoi will start a seven-week commissioning of
the ore-processing equipment. First concentrate production will follow within
one month and the commencement of commercial production is expected three to
five months thereafter.



Rio Tinto Copper chief executive Andrew Harding said "This agreement means we
are on track to bring the first phase of the world-class Oyu Tolgoi mine into
production in the first half of 2013. When fully developed it will be a
top-five copper producer with significant gold production.



"Rio Tinto and its partners have invested almost US$6 billion in this vast
project, completing it in only 28 months. We have trained and employed
thousands of Mongolians and Oyu Tolgoi will be a vital contributor to
Mongolia's economic development."



Oyu Tolgoi has built a power line from the mine to the town of Khanbogd, which
will provide the community with access to around-the-clock electricity for the
first time.



About Rio Tinto



Rio Tinto is a leading international mining group headquartered in the UK,
combining Rio Tinto plc, a London and New York Stock Exchange 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, thermal and metallurgical
coal, uranium, gold, industrial minerals (borax, titanium dioxide and salt)
and iron ore. Activities span the world and are strongly represented in
Australia and North America with significant businesses in Asia, Europe,
Africa and South America.





For further information, please contact:

Media Relations, EMEA / Americas  Investor Relations, London

Illtud Harri                      Mark Shannon

Office: +44 (0) 20 7781 1152      Office: +44 (0) 20 77811178

Mobile: +44 (0) 7920 503 600      Mobile: +44 (0) 7917 576597

Christina Mills                   David Ovington

Office: +44 (0) 20 7781 1154     Office: +44 (0) 20 77812051

Mobile: +44 (0) 7825 275 605      Mobile: +44 (0) 7920 010 978
Media Relations, Australia / Asia Investor Relations, Australia

David Luff                        Christopher Maitland
Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 419 850 205       Office: +61 (0) 3 9283 3063

Karen Halbert                     Mobile: +61 (0) 459 800 131

Office: +61 (0) 3 9283 3627

Mobile: +61 (0) 412 119 389

Bruce Tobin

Office: +61 (0) 3 9283 3612

Mobile: +61 (0) 419 103 454
Media Relations, Canada           Investor Relations, North America

Bryan Tucker                      Jason Combes

Office: +1 (0) 514 848 8151       Office: +1 (0) 801 204 2919

Mobile: +1 (0) 514 825 8319       Mobile: +1 (0) 801 558 2645



Website: www.riotinto.com
Email:   media.enquiries@riotinto.com enquiries.mediaaustralia@riotinto.com
Twitter: Follow @riotinto on Twitter



High resolution photographs and media pack available at:
www.riotinto.com/media







                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


STRUGGPPGUPPURA -0- Nov/05/2012 08:24 GMT
 
Press spacebar to pause and continue. Press esc to stop.