Rio Tinto KennecottStakeholder ForumJanuary 8, 2016

Zero Harm share

Cautionary statement

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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 Tinto’s financial position, business strategy, plans and objectives of

management for future operations (including development plans and objectives relating to Rio Tinto’s 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 by such forward-

looking statements.

Such forward-looking statements are based on numerous assumptions regarding Rio Tinto’s 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 Tinto’s 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 governmental authorities such as

changes in taxation or regulation and such other risk factors identified in Rio Tinto's most recent 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.

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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Meeting objectives

• Business overview: current business environment and challenges

• Kennecott’s strategic priorities for a viable future

• Current investments and operations at Kennecott

• Environmental work in air quality, water and land management

• Stakeholder feedback on Kennecott’s community engagement priorities

• Provide an opportunity for group and one-on-one discussions

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Meeting agenda

8-8:10am Convene and welcome

8:10-8:40am Presentation

8:40-9:30am Stakeholder feedback and engagement activities

9:30-9:45am Question and answer session

9:45-10:00am Wrap-up

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Kennecott senior leadership team

Dr. Nigel Steward,

Managing Director

Colin Nexhip,

General Manager

Integration and

Operations

Jon Brennan,

Business Partner

Finance

Melissa

Shanjengange,

Business Partner

Human Resources

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Bingham Canyon Mine

Haul trucks are as big as a house and can carry 320 tons in a single load

• Second-largest copper producer in the

United States

• Supplies nearly 25% of the country’s

copper

• Produced > 19 million tons

• Largest man-made excavation on

earth

2015

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Mining process

The concentrator separates valuable

minerals from the ore

The smelter heats and melts the

concentrate to separate copper from

other elements

The refinery further purifies the copper

and allows for recovery of other

elements like silver and gold

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26 miles of operations

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10

Mining progress since 2013

July 2013 November 2015

South Wall

South Wall

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Kennecott is facing a perfect storm

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Curtailments, closures and cash cost position

Location Company 2016 ImpactPotential Future

Impact

Kingman, Arizona,

USA

Mineral

Park, Mercator 16,000

Aranzazu, Mexico Aura Minerals 15,000

Wolverine, Canada Yukon Zinc 22,500

Troy, Montana, USARevett Mining,

Hecla Mining4,500

Lockerby, Canada First Nickel 1,000

Miami, Arizona,

USA

Freeport

McMoRan68,000 26,000

Tyrone, New

Mexico, USA

Freeport

McMoRan21,500

El Abra, ChileFreeport

McMoRan83,000

Hayden and Ray,

Arizona, USAAsarco 30,500

Mopani, Zambia Glencore 105,000

Katanga, DRC Glencore 220,000

Baluba, ZambiaCNMC Luanshya

Copper Mines20,000

Matchless and

Otijhase, NamibiaWeatherly 10,000

Collahuasi, Chile

Glencore,

Anglo American,

Mitsui & Co30,000

Sierrita, ArizonaFreeport

McMoRan45,500

Various China Various 350,000

TOTALS 913,000 201,000

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Current Cu price

2016 production and cash costs – CuEq*

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Kennecott’s priorities

Zero Harm Engaged, Caring & Trusting Culture

First Quartile Cost PositionFree Cash Flow & Dividend

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2015: Our safest year ever

1.65

1.31

1.08

0.810.69

0.84

0.580.47

0.65

2.20

0.42

0

0.5

1

1.5

2

2.5

3

AIF

R

All injury frequency rate (Lost-time incidents + medical treatment cases)

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Economic prosperity

Employees2014 production

Economic contributions

Local goods & services in millions Taxes in millions (USD)

Copper - 225,000 metric tonnes

Gold - 252,200 troy oz.

Silver - 2,811,300 troy oz.

Moly - 25,368,593 metric tonnes

Sulfuric Acid -819,263 metric tonnes

Direct – 2,510

Indirect – 15,000

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Cash CostSavings

CapexReductions

Working CapitalSavings

One-time RecoveryActions

TotalSavings

$184m

$154m

$85m

Still

required

$21m

$299m $722m

Achieved

$24m

Free cash flow recovery

Value-generating projects

Mine Concentrator T&WS Smelter

Buckets Contracts Valves Anode pins

$13k per year $1M over 5 years $18k per valve $100k per year

Refinery Power Plant Support Services Marketing

Blanks Portable vacuum Mobile fleetTolled

concentrate

$3.4M total $25k $580k $56M

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SPB staged development pathway

SPB Slice 1

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Alternative view on waste rock

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Project timeline

2015

Alternative View on

Waste Rock:

• Complete access

• Construct north

side storage

areas

2016 2017-2019 2020

Alternative View on

Waste Rock:

• Relocate waste

rock to storage

areas

• Relocate access

road

Alternative View on

Waste Rock:

Continue relocation

of waste rock to

storage areas

Alternative View on

Waste Rock:

Complete relocation

of waste rock to

storage areas

South Waste Rock

Reclamation Project:

• Reclaim a portion

of the bench

• Additional

stormwater control

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Alternative View on Waste Rock

Waste rock view from 11800 South Artist rendition of reclaimed waste rock

from 11800 South

Current waste rock view, June

2015

Proposed construction over

the next few yearsPlanned waste Rock

reclamation

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23

Tailings facilities

South Impoundment

North Impoundment

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Environmental stewardship

Embedded operational partnerships

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Air quality

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Dust suppression projects

65 feet

125 feet

• Sprayer and spray

bar upgrades

• Spray pattern

maximized

• GIS used to monitor,

report and plan road

dust mitigation

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Daybreak Salt Lake City Northwest Quadrant

Land use planning

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North zone remediation

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Land management projects

Barney’s Canyon mine closure

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Site wide land management

Wildlife • Range • Weed • Fire • Land Use

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Water management projects

Bingham Canyon water treatment

plant

Kessler Springs pilot Se treatment

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Social well-being

$13M USD in corporate giving – past 3 years

24%

24%

52%

Environment Education Community

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Areas of engagement

Environment

Air quality

Clean energy

Environmental education

Wildlife

Community & Civic

Development

Civic organizations

Community

partnerships

Local charities

Regional planning

Education

Higher education

NHMU

Scholarships

STEM

K-12

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Text poll

Small group discussions

Question and answer session