core sector communique

Rio Tinto completes sale of Alcan Cable’s North American business

Rio Tinto has completed the sale of the North American portion of its Alcan Cable business to General Cable Corporation for $151 million in cash, subject to customary adjustments primarily related to working capital levels at closing. The sale of the North American business as well as an Alcan Cable operation in Tianjin, China, was agreed on 21 May 2012. The sale of the Tianjin operation is expected to close later in the year, once regulatory approvals are received, for $34 million in cash, also subject to customary closing adjustments. 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.