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    Rio Tinto Coal Australiapresentation

    2010

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    1

    Rio Tinto Coal Australia

    PresentationJune 2010 Sydney

    Cautionary statement

    This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited (Rio Tinto) and consisting of the slides for a

    presentation concerning Rio Tinto. By reviewing/attending this presentation you agree to be bound by the following conditions.

    Forward-Looking Statements

    This presentation includes forward-looking statements. All statements other than statements of historical facts included in this

    presentation, including, without limitation, those regarding Rio Tintos financial position, business strategy, plans and objectives of

    management for future operations (including development plans and objectives relating to Rio Tintos products, production

    forecasts and reserve and resource positions), are forward-looking statements. Such forward-looking statements involve known

    and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Rio

    Tinto, or industry results, to be materially different from any future results, performance or achievements expressed or implied bysuch forward-looking statements.

    Such forward-looking statements are based on numerous assumptions regarding Rio Tintos present and future business

    strategies and the environment in which Rio Tinto will operate in the future. Among the important factors that could cause Rio

    Tintos actual results, performance or achievements to differ materially from those in the forward-looking statements include,

    among others, levels of actual production during any period, levels of demand and market prices, the ability to produce and

    transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, operational

    problems, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by

    '

    22

    governmena au or es suc as c anges n axa on or r egua on an suc o er r s ac o rs en e n o n os mos recen

    Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the "SEC") or Form 6-Ks

    furnished to the SEC. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance

    should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this

    presentation. Except as required by applicable regulations or by law, Rio Tinto does not undertake any obligation to publicly

    update or revise any forward-looking statements, whether as a result of new information or future events.

    Nothing in this presentation should be interpreted to mean that future earnings per share of Rio Tinto plc or Rio Tinto Limited will

    necessarily match or exceed its historical published earnings per share.

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    Presentation Outline

    Rio Tinto Coal Australia FinancialCommunity Presentation

    Presentation Outline Presenter

    Introduction David Peever Managing DirectorRio Tinto Australia

    Rio Tinto Coal Australia (RTCA) Business Overview Bill ChampionManaging DirectorRio Tinto Coal Australia

    Economic Outlook and Industry Overview Thermal Coal Metallurgical Coal

    Bill Champion

    33

    Rio Tinto Queensland Coal (RTQC) Bill Champion

    Break

    Coal & Allied Bill Champion

    Questions Bill Champion

    Presentation Overview

    Rio Tinto Coal Australia FinancialCommunity Presentation

    Rio Tinto Coal Australia (RTCA) Business Overview

    Economic Outlook and Industry Overview

    Thermal Coal

    Metallurgical Coal

    Rio Tinto Queensland Coal (RTQC)

    Coal & Allied

    44

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    Rio Tinto Coal Australia Business Overview

    RTCA has exposure to the steel industry andenergy sector

    Queensland Coal

    Assets in Bowen Basin region Operations produce both metallurgical

    and thermal coal Resource base is large and

    expandable (100% basis) Reserves: 544Mt Additional Resources: 1,422Mt

    55

    75% Rio Tinto owned Assets located in Newcastle/Hunter

    region Operations produce both thermal and

    semi-soft coking coal Resource base is large and

    expandable (100% basis) Reserves: 1,048Mt Additional Resources: 2,941MtOperating Asset

    Greenfield Project

    All Injuries Frequency Rate

    RTCA Safety

    AIFR ratio; number of injuries and medical cases per 200,000 hours worked

    3.54

    1.35

    66

    1.060.95

    0.760.68

    0.47

    2004 2005 2006 2007 2008 2009 2010 YTD

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    4

    RTCA Financial Community Presentation

    Presentation Overview

    Rio Tinto Coal Australia (RTCA) Business Overview

    Economic Outlook and Industry Overview

    Thermal Coal

    Metallurgical Coal

    Rio Tinto Queensland Coal (RTQC)

    Coal & Allied

    77

    Thermal Coal Industry

    Thermal coal is a market with attractivemedium term growth prospects

    Strong GDP growth, particularly in developing countries, will drive

    demand growth Even with the emergence of energy substitutes, coal will remain the

    dominant power generation fuel for China and India

    Strong demand and supply/cost issues in China and India will likely

    drive increased demand for seaborne thermal coal

    88

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    Strong GDP growth is forecast, particularlyin developing countries

    World GDP

    International Dollars Trillions, PPP basis**** Developed

    Developing

    745

    912

    17

    4

    5

    6

    20

    24

    29

    70

    82

    99

    Euro area***Other advanced

    India

    China

    Rest of World

    8.2%

    2009-2015 CAGR

    9

    28 3236

    5

    2009 2012 2015

    Major advancedeconomies*

    econom es

    Source: IMF

    4.0%

    * Consists of Canada, France, Germany, Italy, Japan, United Kingdom, and United States** Consists of Australia, Czech Republic, Denmark, Hong Kong SAR, Iceland, Israel, Korea, New Zealand, Norway, Singapore, Sweden,

    Switzerland, and Taiwan Province of China*** Austria, Belgium, Cyprus, Finland, Greece, Ireland, Luxembourg, Malta, Netherlands, Portugal, Slovak Republic, Slovenia, and Spain****International dollars are based on PPP exchange rates; A countrys nominal GDP in local currency is converted to International Dollars

    on a PPP basis by dividing by PPP exchange rates

    Strong GDP growth in China and India leadsto a significant increase in electricityconsumption in both countries

    Forecast Electricity Consumption

    % 2007-2015 CAGR

    5.07.2

    10.6

    3.13.2

    1.71.8

    9.29.8

    TWh

    Pacific

    Europe 0.6%

    3.0%

    Forecast OECDElectricity Consumption

    Forecast Non-OECDElectricity Consumption

    1.0%

    0.7% 5.0%Driven byurbanisation &industrialisation

    TWh

    10

    2.7

    4.70.5

    0.93.9

    2007 2015

    4.5 4.8

    2007 2015

    NorthAmerica

    India

    China

    es oNon-OECD

    Source: World Energy Outlook 2009

    0.7%

    6.4%

    7.2%

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    6

    Chinas forecast power generation mix

    Despite the emergence of substitutes,Chinas power will continue to be

    predominantly generated by coal

    TWh

    Other

    2007-2030CAGR

    5,119

    6,639485

    848

    1,046

    322

    487

    3,318

    6,692

    ,

    Hydro

    AlternativesWindGasNuclear

    Coal

    4.0%

    3.4%

    9.4%

    8.2%

    15.0%

    7.7%

    1111Source: World Energy Outlook 2009

    2,685

    2007 2020 2030

    81%Coalpercentage ofpowergeneration mix

    76% 75%

    China has large domestic resources inNorthern China which supply the coastalregions with thermal coal

    China domestic thermal coal trade flow

    Major producing regions

    Major consuming regions

    Heilongjiang

    Jilin

    Liaoning

    Shandong

    Henan

    Shanxi

    InnerMongolia

    Ningxia

    Gansu

    Qinghai

    Xinjiang

    Beijing

    Coal resources are primarilylocated in Northern andNorthwest China

    Transport of coal fromsupply regions to populationinvolves transportingproduct by rail to ports in theNor th East thenshi in to

    1212

    Fujian

    Jiangxi

    Anhui

    Hubei

    Hunan

    GuangdongGuangxi

    Shanghai

    Hainan

    Shaanxi

    Sichuan

    Guizhou

    Yunnan

    Tibet

    Jiangsu

    Zhejiang

    Yangtze River Delta andPearl River Delta

    Domestic supply isvulnerable to infrastructure

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    7

    China thermal coal consumption

    Short-term demand shifts in China have a largeeffect on the seaborne market due to imports

    being small relative to overall demand

    Million tonnes

    Domesticroduction

    Imports

    Domestic production has largely metconsumption requirements

    Urbanisation and industrialisation will increaseconsumption

    Existing infrastructure system will be underpressure to meet demand rail near full capacity

    2,023

    45

    2,067

    1313Source: World Energy Outlook

    Disruptions to infrastructure and/or demandspikes will result in increased seaborne thermalcoal demand

    2007

    China Thermal Coal Net Imports

    China is increasingly relying on seabornethermal coal to meet the demand shortfall

    Million Tonnes; Annualised Monthly Net Imports

    (20)

    0

    20

    40

    60

    80

    100

    120

    1414Source: GTIS

    (80)

    (60)

    (40)

    Jan

    06

    May

    06

    Sep

    06

    Jan

    07

    May

    07

    Sep

    07

    Jan

    08

    May

    08

    Sep

    08

    Jan

    09

    May

    09

    Sep

    09

    Jan

    10

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    Indias forecast power generation mix

    India will also rely heavily on coal

    2,737

    TWh

    Other

    2007-2030CAGR

    1,935

    188

    251

    73

    106

    189

    299

    72

    794

    1,649

    Hydro

    AlternativesWindGas

    Nuclear

    Coal5.7%

    3.1%

    8.3%

    6.8%

    8.1%

    14%

    1515Source: World Energy Outlook 2009

    1,095

    537

    2007 2020 2030

    68%Coalpercentage ofpowergeneration mix

    66% 71%

    India Coal-Fired Electricity Generation Capacity and thermal coal imports

    Indias thermal coal imports will likelydouble over the next 5 years to meet powergeneration demand

    Me awatts

    India Coal-Fired Electricity Capacity

    Mt

    India Thermal Coal Imports

    76

    1542x

    3134

    40

    47

    52

    60

    70

    80

    Forecast

    1616

    2008 2017

    Indian Government plans to double coal-firedelectricity generation capacity by 2017

    Nine ultra mega power stations with a capacity of4000 megawatts each are planned forconstruction

    Smaller coal-fired power stations will becommissioned in the lead up to 2012 to supportrobust economic growth

    Source: ABARE

    2007 2009 2011 2013

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    9

    Pricing Mechanisms in Thermal Coal Market

    Thermal coal contracts use a variety ofpricing mechanisms

    Thermal coal is a large, mature market with various pricing mechanisms annual and spot price contracts based on fixed and/or index prices, tenders,

    all providing for variation in start dates and duration

    Multiple indices track sales of coal based on specification and region globalCOAL is the worlds leading online coal trading platform

    A derivatives market exists Financial derivatives

    1717

    Over-the-counter swaps for cash settlement

    RTCA Financial Community Presentation

    Presentation Overview

    Rio Tinto Coal Australia (RTCA) Business Overview

    Economic Outlook and Industry Overview

    Thermal Coal

    Metallurgical Coal

    Rio Tinto Queensland Coal (RTQC)

    1818

    Coal & Allied

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    Metallurgical Coal Industry

    Metallurgical coal is an attractive productmarket due to high growth and relative

    product scarcity

    Urbanisation and industrialisation in developing countries

    will drive steel consumption growth

    Supply is unlikely to keep pace with demand, creating a

    demand-supply gap which will push developers into new

    regions

    Prices are likely to remain high relative to historical levels

    1919

    given the lack of substitutes and rapid demand growth

    China and other emerging nations will drivesteel consumption growth

    Forecast steel consumption by region

    Million tonnes

    Source: WSA, RTIO analysis 2020

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    Evolution of Steel Production Technology

    Alternative substitutes have not emerged -steel producers will likely continue to rely on

    BOF technologies

    =

    Million tonnes of crude steel

    Basic OxygenFurnace BOF

    Electric ArcFurnace (EAF)

    Open HearthFurnace (OHF)

    67 6972 69

    31 30 27 31

    2 1 1

    , , , ,

    2121

    2005 2010 2015 2020

    Source: McKinsey

    Hard Coking Coal Demand Growth Index

    Mirroring steel demand, HCC demandgrowth will remain strong for theforeseeable future

    Index; 2005 base year 2005-2020CAGR

    Asia (excludingChina andIndia)23

    27

    15

    16

    21

    20

    15

    19

    25

    20

    15

    19

    19

    100106

    129

    Europe

    North America

    Rest of World~3.0%

    2.1%

    0.2%

    1.4%

    -0.3%

    Index base

    2222

    Brazil, China &India

    20

    4456

    6420

    20

    2005 2010 2015 2020

    Source: AME; RTCA Analysis

    8.0%

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    12

    Contract Coal Prices

    Prices are likely to remain high relative to historicallevels, supported by strong demand and the lack of

    supply and substitutes

    US$/t nominal

    150

    200

    250

    300

    350

    Hard Coking Coal

    Semi-soft

    Semi-soft prices are likelyto remain tied to the HCCprices given expectation ofongoing tightness in themetallurgical coal market

    2323

    Source: AME

    0

    50

    100

    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

    Thermal

    Changing Pricing Dynamics of Hard Coking Coal Market

    There has been a shift towards more flexiblepricing in the hard coking coal market

    Coking coal is a smaller market than thermal and has traditionally beenpriced on an annual basis with little spot price activity

    There has been a recent shift from an annual pricing structure towardsshorter term price mechanisms with the emergence of both China andIndia into the market

    Volatility in the global steel-making coal markets has led to creation ofseveral new indexes for coking coal being developed

    2424

    Majority of recent shipments from Australia into Asia are based on anagreed quarterly contract price

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    13

    RTCA Financial Community Presentation

    Presentation Overview

    Rio Tinto Coal Australia (RTCA) Business Overview

    Economic Outlook and Industry Overview

    Thermal Coal

    Metallurgical Coal

    Rio Tinto Queensland Coal (RTQC)

    2525

    Coal & Allied

    Rio Tinto Queensland Coal Summary

    Rio Tinto Queensland Coal (RTQC) is a lowcost producer of hard coking and thermalcoal with a range of growth options

    Metallurgical coal

    Hail Creek Lake Elphinstone Mt Robert

    Emerald Region Kestrel Kestrel Mine Extension

    Winchester South

    ClermontRe ion

    Thermal coal

    2626

    Key Value drivers Low cost, long life assets Range of growth options Initiatives to resolve

    infrastructure challenges

    Blair Athol Clermont

    Valeria Kestrel West

    Operating Asset

    Greenfield Project

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    14

    2009 Australian Coking Coal Cost Curve

    US$/t

    Rio Tintos Queensland coking coal assets arecompetitively positioned on the cost curve

    Kestrel

    HailCreek

    27Source: Wood Mackenzie

    ProductionKt

    0 30 60 90 120

    2009 Australian Thermal Coal Cost Curve

    US$/t

    Rio Tintos Queensland thermal coal assetsare competitively positioned on the cost curve

    BlairAthol

    Clermont mine positioned

    near Blair Athol Slightly higher cost than

    Blair Athol due to thehigher strip ratio

    28Source: AME

    ProductionMt

    0 30 60 90 120

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    15

    Rio Tinto Queensland Coal Infrastructure Arrangements

    Queensland infrastructure arrangementsand expansion options

    Expansion from 20 Mtpa to 50 Mtpa underway Newlands system upgrade and northern missing link (GAPE

    project) will provide rail capacity

    Sufficient contracted capacity to facilitate near term productiongrow rom ermon , a r o an esre ne exens on

    Further port expansion options exist in the Abbot Point area

    DBCT total contracted capacity of 85 Mtpa RTCA has matching rail and port contracts to

    provide for Hail Creek, Blair Athol and Clermont Further expansion options at DBCT being studied

    by owner Prime Infrastructure

    Gladstone has total contracted capacity of

    76 Mtpa

    Source: 2009 Annual Report

    rail corridor to Gladstone

    Potential for construction of Wiggins Island

    29

    The Goonyella coal chain is performing wellbelow contracted levels

    Addressing Queensland Infrastructure Issues

    DBCT ship queue and throughput unacceptable

    Ke issuesto beresolved

    System underperformance resulting in lostsales and increased demurrage

    Rail expansions lag port expansions

    Lack of coordinated and integrated strategicand operational planning and execution

    Transfer of economic rents to infrastructureowners without performance obligations

    Steps underway to resolve

    0

    1

    2

    3

    4

    5

    6

    7

    1H 2006 1H 2007 1H 2008 1H 2009 1H 2010

    Monthly throughput (mt) Currentcontractedvolume

    30

    GAPE project will open up access to AbbotPt relieving Goonyella system

    Industry ownership of QR coal tracks willaddress rail-side delivery, planning andperformance issues

    Establishment of coal chain coordinationorganisations

    Facilitating more options in the rail haulagemarket0

    10

    20

    30

    40

    50

    60

    70

    Jan 2009 Jul 2009 Jan 2010

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    16

    Easing of infrastructure constraints willallow Rio Tinto Queensland Coal to pursue

    its desired growth pathRio Tinto Queensland Coal Organic Growth Profile

    Million tonnes

    15

    20

    25

    30

    35Forecast

    RSPT* createsuncertainty aroundfuture growth path

    Definedgrowth**

    Operating at

    Upsidepotential***

    31

    0

    5

    10

    2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

    Source: Rio Tinto Coal Australia

    installedcapacity

    * Resource Super Profits Tax** Well defined growth path under review with respect to the RSPT*** Projects yet to reach clear definition of scope under detailed study

    Rio Tinto Queensland Coal Resources*

    RTQC assets have large resource bases andare expandable

    Project Reserves Resources*

    Hail Creek 209Mt 136Mt

    Blair Athol 18Mt 7Mt

    Million tonnes -100% Basis

    Clermont 189Mt 15Mt

    Kestrel Mine 128Mt 9Mt

    Kestrel West n/a 139Mt

    Valeria n/a 762Mt

    Winchester South n/a 192Mt

    Lake Elphinstone n/a 162Mt

    Mount Robert n/a n/a

    Source: 2009 Annual Report

    * Resources are additional to reserves

    32

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    17

    Overview of Hail Creek Operations

    Hail Creek

    Production (100% basis)Operation details

    Mt

    5.9

    4.55.0

    6.1

    ~7.5

    6.3

    2005 2006 2007 2008 2009 2010F

    Operating at expanded 8Mt rate fromsecond half of 2010

    Strong growth since development Plant capacity already in place

    Long term resource planning work toassess:

    Optimal open pit scale Underground options RSPT uncertainty

    33

    Overview of Clermont Region

    Clermont Region

    Production (100% basis)Operation details

    Mt

    10.6 10.2

    7.9

    10.211.3 ~11.0

    2005 2006 2007 2008 2009 2010F

    Clermont commenced operations in May

    Clermont ramping up to ~12Mt rate, as BlairAthol winds down to ~3Mt

    Implementation of Clermont Regionarrangements to release synergies

    Shared management of Blair Athol andClermont mines

    Shared infrastructure

    Clermont

    Blair Athol

    34

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    Overview of Kestrel Mine / Kestrel Mine Extension

    Kestrel Mine / Kestrel Mine Extension

    Production (100% basis)Operation details

    3.7 3.6 3.64.0 3.7

    ~4.3

    2005 2006 2007 2008 2009 2010F

    Mt KME offers long life, low cost, coking coal Long life extension to 2032 Significant reduction in operating costs Incremental production (~1mt)

    KME slightly behind original schedule expected to commence production in late2012/2013

    Taking steps to extend the life of theexisting Kestrel mine

    Operating under 5 year labour agreement

    which applies through to mid-2014

    Future thermal coal options at Kestrel West

    35

    Summary

    Rio Tinto Queensland Coal Summary

    Low cost, long life hard coking coal and thermal coal assets

    Range of resource options, proximate to existinginfrastructure to support future growth (subject to RSPT)

    Initiatives to resolve infrastructure challenges is a key focusarea

    36

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    RTCA Financial CommunityPresentation

    Presentation Overview

    Rio Tinto Coal Australia (RTCA) Business Overview

    Economic Outlook and Industry Overview

    Thermal Coal

    Metallurgical Coal

    Rio Tinto Queensland Coal (RTQC)

    3737

    Coal & Allied

    Coal & Allied is a large thermal and semi-soft coking coalproducer in the Hunter Valley with significant growth potential

    Mount Thorley Warkworth

    An integrated operation of two open cut mineslocated adjacent to each other 15km south west of

    Singleton Coal & Allied ownership Mt Thorley 80% Warkworth 56%

    Thermal and semi-soft coking coal product

    Hunter Valley Operations

    A multi -seam mul ti l eo encut m i ni n o era ti on

    3838

    ,located approximately 24km north of Singleton

    Coal & Allied 100% ownership Thermal and semi-soft coking coal product

    Bengalla

    An open cut mine located 4km south west ofMuswellbrook in the Hunter Valley

    Coal & Allied 40% ownership Thermal coal product

    Operating Asset

    Greenfield Project

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    20

    Coal & Allied is well positioned to capture value fromdemand growth in thermal and semi-soft coking coal

    Competitive margin position due to production of thermal

    and semi-soft coking coal

    Easing of infrastructure bottlenecks will allow mines to run

    at installed capacity

    Clearly defined growth path beyond existing installed

    3939

    capac y su ec o

    *

    Despite short term cost challenges, Coal & Allieds relativemargin position is strong due to semi-soft production

    -

    US$/t

    Bengalla

    MtThorley

    Warkworth

    HunterValley

    Operations

    Thermal Coal ContractPrice US$98/t FOB

    4040

    Source: AME; RTCA analysis

    * Cost per tonne calculated by adjusting total site cost for by-product revenue. Total cash cost was calculated by applyingAME cash cost estimates to saleable production estimates and subtracting by-product (semi-soft ) revenue. By-productrevenue was calculated using FOB Newcastle contract prices for semi-soft coking coal (US$170/t) and AME exportproduction estimates.

    0 25 50 75 100 125 150 175

    Saleable Production(Mt)

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    21

    Initiatives are underway to improve future cost competitiveness

    Cost Reduction Initiative

    Operating at installed capacity

    On-site initiatives Truck & shovel productivity Labour optimisation Sourcing CHPP improvements Maintenance

    Latent Capacity (100% basis)

    Mt

    11

    9

    14

    12

    21%

    25%

    41

    Equipment upgrades

    Mine planning (coal recovery and semi-softproduction)

    Off-site initiatives Overcoming infrastructure constraints Optimising the coal chain operations

    HVO MTW

    2009 production Fixed plant capacity

    Over the last 3 years, the industry has agreed a new Long-TermCommercial Framework that facilitates industry growth both byproducers and infrastructure providers

    2010200920082007

    Wide rangingindustry negotiations

    PWCS applies to havecommon user

    Greiner reviewconducted

    Capacity FrameworkAgreements

    New port arrangementstook effect 1 January

    ImplementationLaunch ofdiscussions

    42

    provisions waived

    NPC rejects application

    Broader discussionsinitiated

    Industry agrees broadframework

    completed/signed

    ACCC approves long-term framework

    First nominations forfirm, Long-Term Takeor Pay agreements atPWCS

    Below-railarrangements stillunder negotiation

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    22

    The agreed long term framework provides producers withcertainty and fairness in the distribution of available port capacity

    Provide certainty of capacity to producers by:

    suspending the Common User Clauses and allow long term contracts at PWCS

    specifying that PWCS must expand in a specified timeframe to satisfy anyproducer who wishes to contract with it for expansion tonnes

    providing for each current user of PWCS to contract for their portion of the BaseTonnage at the terminal, which is calculated as each producers highest usagefor the period from 2004 to 2008

    giving PWCS access to more land on Kooragang Island on which to expand andbuild a new terminal (T4)

    43

    Ensure equitable sharing of available capacity by:

    Forcing a fairer split of port capacity between NCIG producers and non-NCIGproducers

    discouraging over-nomination (or gaming) due to take or pay nature of contracts

    minimising the extent to which coal producers are affected by the actions of otherproducers

    imposing conditions that NCIG Shareholders must meet in order to increase theircapacity entitlements at PWCS

    The arrangements for track access are still being finalised,with the focus on ensuring alignment with terminal contracts

    Process to date Key objectives for Coal & Allied

    ARTC submitted Access Undertaking(draft contract terms) in April, 2009

    Strongest possible commitment to buildtrack capacity backed by long-termcontracts with producers

    ACCC Draft Determination in March,2010 suggested ARTC proposal wouldbe rejected

    Provisions that ensure ARTCappropriately manages performanceshortfalls, and vessel queues

    ARTC drafting revised AU, with Coal & Below-rail pricing sends appropriate

    44

    Allied providing significantinput/feedback

    signals to encourage optimal system use

    Producers can sign contractspre-ACCC approval, or wait for new

    ACCC process

    ARTC held accountable for failing todeliver track capacity as contracted

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    23

    The new arrangements are intended to move the coal chaintowards a fully integrated system behaving as if it has asingle owner

    -

    IntegratedPlanning

    ClearPropertyrights

    HVCCC has full authorityfor planning, measuringand improvingperformance

    Infrastructure managershave authority andaccountability to executeHVCCC plan

    Delay accounting,penalties & incentives forperformance

    Producers capture upsideof performanceimprovements

    AlignedContracts

    Targetedimprovementprogram

    Align contractual terms ofterminal, track, and trainservice providers

    Producers use theircapacity allocation withoutit being infringed upon bythe actions of others

    Develop program ofinitiatives for efficiency andreliability improvements

    Coordinate investmentdecisions to ensure efficientuse of capital

    45

    Coal & Allied has the ability to achieve strong growth in theshort to medium term

    Coal & Allied Organic Growth Profile

    Million tonnes

    20

    25

    30

    35

    40

    45

    50

    Definedgrowth**

    Upsidepotential***

    Forecast

    RSPT* creates

    uncertainty aroundfuture growth path

    46

    Source: Rio Tinto Coal Australia

    0

    5

    10

    15

    2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

    installedcapacity

    * Resource Super Profits Tax** Well defined growth path under review with respect to the RSPT*** Projects yet to reach clear definition of scope under detailed study

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    Map of Coal & Allied resources

    Coal & Allied assets have large resource bases that presentexpansion options

    Million tonnes -100% Basis

    Project Reserves Resources

    Hunter ValleyOperations

    278Mt 1,413Mt

    Mount Thorley 24Mt 129Mt

    Warkworth 270Mt 530Mt

    Bengalla 126Mt 170Mt

    Mt Pleasant 350Mt 699Mt

    * Resources are additional to reserves

    47

    Source: 2009 Annual Report

    Overview of Hunter Valley Operations and Mt Thorley-Warkworth

    Operation detailsHunter Valley OperationsProduction (100% basis)

    HVO and MTW mines have in recent yearsbeen operating well below rated plantcapacities due to issues in NSW coal chain

    Port capacity framework provides certaintyto allow return to operation at normalcapacity

    In combination with productivityimprovement initiatives underway, a returnto scale is a positive step towards loweringunit costs at these mines

    Mt12.4 12.0

    10.1 10.811.2

    ~12.0

    2005 2006 2007 2008 2009 2010F

    Mt Thorley-WarkworthProduction 100%basis

    48

    Semi-soft flexibility a favourablecharacteristic of these resources

    Mt

    10.311.2

    8.7 9.2 8.5~9.5

    2005 2006 2007 2008 2009 2010F

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    Overview of Bengalla

    Operation details Production (100% basis)

    6.05.5 5.2 5.3 5.5 ~5.5

    2005 2006 2007 2008 2009 2010F

    Feasibility study approaching completion 1st stage ~7.5mt pa saleable

    production 2nd stage ~8.5mt pa saleable

    production

    Project now under review

    Further work on dragline capacity and pitscheduling complexity to achieve 2ndstage

    49

    Overview of Mt Pleasant Project

    Project details

    Mt Pleasant

    Pre-feasibility study approaching completion

    Project now under review

    Existing study scope targeting 8.5Mt of saleableproduction at full capacity, with additional expansionpotential

    Potential for cooperation with Bengalla JV Infrastructure Land/tenure

    Bengalla

    50

    a er

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    Coal & Allied Summary

    Competitive margin position due to production of thermal

    and semi-soft coking coal

    Easing of infrastructure bottlenecks will allow mines to run

    at installed capacity

    Clearly defined growth path beyond existing installed

    capac y su ec o

    51

    Rio Tinto Coal Australia Summary

    Rio Tinto Coal Australia Summary

    xposure to attract ve mar ets w t strong eman

    fundamentals driven primarily by the urbanisation and

    industrialisation of China and India

    Low cost, long life assets capable of delivering growth

    beyond existing installed capacity

    RSPT places this growth potential at risk

    Sustainable Development capability critical to ongoing

    licence to operate and grow

    Environment

    Communities

    People commitment, health and safety