Ceramic Industry

Rio Tinto Reaches Divestment Milestone

March 3, 2010

Rio Tinto’s divestment program has passed the $10 billion mark with the completion of the sale of its Alcan Packaging Food Americas division to Bemis Co., Inc. for a total all-cash consideration of $1.2 billion.

“Our balance sheet has been transformed in the past 12 months on the back of the divestment program, the rights issues and continued strong operating cash flows,” said Guy Elliott, chief financial officer. “The recapitalization leaves Rio Tinto well-placed to consider value-adding investment opportunities as they emerge.”

For more information, visit www.riotinto.com.