Drilling Report/Directorate

Rio Tinto PLC 21 December 2000 The following was released in Zimbabwe today Rio Tinto Zimbabwe Limited. RIO TINTO ZIMBABWE LIMITED Murowa Diamond Prospect The recently concluded feasibility study has confirmed that the three kimberlites discovered near Zvishavane represent a mining reserve of 16.5 million tonnes at a grade of 0.9 carats per tonne. A project to mine 500,000 tonnes per year of the kimberlite with the possibility of subsequent expansion following initial mining has been shown to be viable. Requirements to enable the project to proceed are now being investigated. More information is expected to be available by the time of the Statement to Shareholders in February 2001. Directorate Mr. AF Nhau has accepted an invitation to join the Board of Rio Tinto Zimbabwe as a non-executive director. He will retire in terms of Clause 95 of that Company's Articles of Association, and being eligible, will offer himself for re-election at the next Annual General Meeting. Mr Nhau is a Chartered Secretary and Chairman and CEO of Lowe Lintas & Partners. He is Chairman of the Board of Directors of Zimbabwe Financial Holdings Limited and is a Director of a number of other companies in Zimbabwe. For further information, please contact: LONDON Media Relations Investor Relations Lisa Cullimore Peter Jarvis + 44 (0) 20 7753 2305 + 44(0) 20 7753 2401 AUSTRALIA Media Relations Investor Relations Fiona Powell Dave Skinner +61 (0)3 9283 3307 +61 (0) 3 9283 3628 Daphne Morros +61 (0) 3 9283 3639 Website: www.riotinto.com Notes *Rio Tinto owns 56 per cent of Rio Tinto Zimbabwe. *The Murowa Diamond Prospect is owned 50 per cent by Rio Tinto Zimbabwe and 50 per cent by Rio Tinto. *The estimate of ore reserves has been produced in accordance with the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves (the JORC code).

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