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Press release from CNW Group

Rio Tinto reiterates its recommended all-cash offer of C$4.15 per share for Hathor Exploration

Wednesday, November 02, 2011

Rio Tinto reiterates its recommended all-cash offer of C$4.15 per share for Hathor Exploration09:30 EDT Wednesday, November 02, 2011MONTREAL, Nov. 2, 2011 /CNW Telbec/ - Rio Tinto today reiterated its friendly all-cash offer of C$4.15 per common share for Hathor Exploration made on 19 October 2011.Rio Tinto's offer represents a premium of more than 55 per cent to Hathor's unaffected closing price on 25 August 2011. It is also a premium of approximately 11 per cent to Cameco's unsolicited offer of C$3.75 per common share, which was extended until 14 November 2011.Rio Tinto Energy chief executive Doug Ritchie said "Our expertise in exploration, innovative mining techniques, technology and commitment to sustainable development will complement and build on the strong technical foundation established by Hathor at Roughrider."Rio Tinto intends to accelerate the investigation and assessment of Hathor's exploration properties to unlock their full potential, consistent with global safety and community standards. Rio Tinto's investments in Saskatchewan will support the diversification and development of the regional economy, building on its significant presence in Canada.Hathor shareholders who have tendered their shares to the Cameco offer can withdraw those shares at any time before the 14 November 2011 expiry and tender them to the Rio Tinto bid by 30 November 2011 by contacting Laurel Hill Advisory Group on +1-877-452-7184.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.For further information: Media Relations, Australia / Asia David Luff Office:  +61 (0) 3 9283 3620 Mobile: +61 (0) 419 850 205 Karen Halbert Office: +61 (0) 3 9283 3627 Mobile: +61 (0) 412 119 389 Bruce Tobin Office: +61 (0) 3 9283 3612 Mobile: +61 (0) 419 103 454Investor Relations, Australia Dave Skinner Office:  +61 (0) 3 9283 3628 Mobile: +61 (0) 408 335 309 Christopher Maitland Office: +61 (0) 3 9283 3063 Mobile: +61 (0) 459 800 131 Media Relations, EMEA / Americas  Illtud Harri Office: +44 (0) 20 7781 1152 Mobile: +44 (0)7920 503 600 Tony Shaffer Office:  +44 (0) 20 7781 1138 Mobile: +44 (0) 7920 041 003 Christina Mills Office:  +44 (0) 20 7781 1154 Mobile: +44 (0) 7825 275 605Investor Relations, London Mark Shannon Office:  +44 (0) 20 7781 1178 Mobile: +44 (0) 7917 576597 David Ovington Office:  +44 (0) 20 7781 2051 Mobile: +44 (0) 7920 010 978 Media Relations, Canada Bryan Tucker Office: +1 (0) 514 848 8151 Mobile: +1 (0) 514 825 8319 Investor Relations, North America Jason Combes Office:  +1 (0) 801 204 2919 Mobile: +1 (0) 801 558 2645 Website: Email: Twitter: www.riotinto.com media.enquiries@riotinto.com enquiries.mediaaustralia@riotinto.com Follow @riotinto on Twitter High resolution photographs and media pack available at: www.riotinto.com/media