Rio Tinto Limited («Rio Tinto»)(ASX: RIO) notes the announcement made by Coal & Allied Industries Limited («Coal & Allied»)(ASX: CNA) today relating to an indicative, conditional, incomplete and non-binding proposal from Rio Tinto, under which Rio Tinto and Mitsubishi
Development Pty Ltd («Mitsubishi
Development»), a wholly - owned subsidiary of Mitsubishi Corporation (
TSE: 8058; LSE: MBC), would acquire all of the shares in Coal & Allied they do not already hold under a joint takeover («Proposal»).