Tuesday, March 27, 2012

Rio Tinto completes US$7 billion share buy-back programme

The US$5 billion Rio Tinto buy-back programme announced in February 2011 and which was subsequently increased to US$7 billion in August 2011, was completed on 26 March 2012.

Since the Group started buying back Rio Tinto plc shares in February 2011, 116,862,405 shares have been purchased at an average price of £37.47, equivalent to US$7.00 billion (£4.38 billion).

At 26 March 2012, Rio Tinto plc held 14,567,573 shares in treasury and 1,410,807,893 shares were in public hands. The Rio Tinto Limited (RTL) issued share capital remains unchanged at 435,758,720 shares.

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.

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