Rio Tinto sells wharf and land options to LNG Canada

LONDON, United Kingdom, Feb. 12, 2014 /CNW Telbec/ - Rio Tinto has entered 
into an option agreement with LNG Canada, a joint venture comprising Shell 
Canada Energy, Phoenix Energy Holdings Limited (an affiliate of Petro-China 
Investment (Hong Kong) Limited), Kogas Canada LNG Ltd. (an affiliate of Korea 
Gas Corporation) and Diamond LNG Canada Ltd. (an affiliate of Mitsubishi 
Corporation) to acquire or lease a wharf and associated land at its port 
facility at Kitimat, British Columbia, Canada. LNG Canada is proposing to 
construct and operate a natural gas liquefaction plant and marine terminal 
export facility at Kitimat. 
The agreement provides LNG Canada with a staged series of options payable 
against project milestones. The financial arrangements are commercially 
confidential. 
Sam Walsh, chief executive, Rio Tinto said: "This is an excellent example of 
how we can generate meaningful value from our existing assets by selling 
options on port facilities to LNG Canada enabling it to share one of the best 
deep water ports on the western seaboard of the country. This innovative 
approach will provide an expanded gateway for Canadian resources to worldwide 
markets which has the potential to benefit the communities and economy of 
British Columbia." 
Andy Calitz, vice president, LNG Canada commented: "We are pleased to confirm 
the finalisation of this agreement. We believe the LNG Canada project 
represents the best opportunity to bring the liquefied natural gas industry 
and its benefits to the people and communities of British Columbia." 
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.
 

SOURCE  RIO TINTO PLC 
Media Relations, EMEA / Americas Illtud Harri Office: +44 (0) 20 7781 1152 
Mobile: +44 (0) 7920 503 600 David Outhwaite Office: +44 (0) 20 7781 1623 
Mobile: +44 (0) 7787 597 493 
Investor Relations, London Mark Shannon Office: +44 (0) 20 77811178 Mobile: 
+44 (0) 7917 576597 David Ovington Office: +44 (0) 20 77812051 Mobile: +44 
(0) 7920 010 978 Grant Donald Office: +44 (0) 20 7781 1262 Mobile: +44 (0) 
7920 587 805  Media Relations, Australia / Asia David Luff Office: +61 (0) 3 
9283 3620 Mobile: +61 (0) 419 850 205 Bruce Tobin Office: +61 (0) 3 9283 3612 
Mobile: +61 (0) 419 103 454 
Investor Relations, Australia / Asia Christopher Maitland Office: +61 (0) 3 
9283 3063 Mobile: +61 (0) 459 800 131 Rachel Storrs Office: +61 (0) 3 9283 
3628 Mobile: +61 (0) 417 401 018 Galina Rogova Office: +852 (2839) 9208 
Mobile: +852 (6978) 3011  Media Relations, Canada Bryan Tucker Office: +1 (0) 
514 848 8151 Mobile: +1 (0) 514 825 8319 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/February2014/12/c9538.html 
CO: RIO TINTO GROUP
ST: Quebec
NI: MNG ENV ORDER  
-0- Feb/12/2014 14:00 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.