Rio Tinto Plc Sells Wharf And Land Options To LNG Canada - Quick Facts

(RTTNews) - Rio Tinto plc (RTPPF.PK, RIO.L, RIO, RTNTF.PK) announced it has entered into an option agreement with LNG Canada, a joint venture comprising Shell Canada Energy, Phoenix Energy Holdings Limited, Kogas Canada LNG Ltd., and Diamond LNG Canada Ltd. to acquire or lease a wharf and associated land at its port facility at Kitimat, British Columbia, Canada. LNG Canada is proposing to construct and operate a natural gas liquefaction plant and marine terminal export facility at Kitimat.

The agreement provides LNG Canada with a staged series of options payable against project milestones. The financial arrangements are commercially confidential.