Rio Tinto To Undertake Strategic Review Of Northern Dynasty Stake - Quick Facts

(RTTNews) - Mining giant Rio Tinto Plc (RTPPF.PK, RIO.L, RIO, RTNTF.PK) has advised the management of Northern Dynasty Minerals Ltd. (NAK), that owns the Pebble Project, that it plans to undertake a strategic review, including a possible divestment, of its stake in Northern Dynasty.

Rio Tinto, through QIT-Fer et Titane Inc., an indirect subsidiary of Rio Tinto plc, owns around 18.145 million common shares of Northern Dynasty, representing about 19.1 percent of Northern Dynasty's issued and outstanding shares.

The Pebble Project is an undeveloped copper resource situated in the Bristol Bay region of western Alaska. According to its review, Rio Tinto would consider the Pebble Project's fit with the Group's strategy of investing in and operating long life and expandable assets, and with the strategy for its Copper business, which is focussed on its four producing assets such as Kennecott Utah Copper, Oyu Tolgoi and its interests in Escondida and Grasberg; and two development projects, La Granja in Peru and Resolution in Arizona.