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Sale of Norzink zinc smelter to Outokumpu.

Business Editors

LONDON--(BUSINESS WIRE)--Jan. 31, 2001

A sale and purchase agreement by Rio Tinto (NYSE: RTP) and Boliden to sell the Norzink zinc smelter in Norway to Outokumpu for US$180 million cash was signed on January 31 2001.

The sale is subject to EU, Norwegian

and other European competition approval. Rio Tinto and Boliden each own 50% of Norzink.

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