iron ore, page-2

News release…
Rio Tinto Limited 55 Collins Street Melbourne 3000 Australia (ABN 96 004 458 404)
Postal Address: GPO Box 384D Melbourne 3001 Australia
Telephone (03) 9283 3333 Fax (03) 9283 3707
20 May 2006
Iron ore price settlement
Hamersley Iron has today reached agreement with POSCO, on the price for
Hamersley lump iron ore deliveries for the contract year commencing 1 April 2006.
Under this agreement, the price of lump ore will increase by 19 per cent.
Sam Walsh, Chief Executive of Rio Tinto’s Iron Ore Group, said, “This agreement
with POSCO, the world’s fourth largest steelmaker, reflects the long-standing
relationship between our two companies.”
”This settlement confirms the tightness of the iron ore market and the very strong
demand for Australian iron ore,” he said.
For further information, please contact:
AUSTRALIA LONDON