Holding in Labrador

Rio Tinto PLC
19 April 2001


               RIO TINTO ACQUIRES ADDITIONAL LABRADOR IRON ORE                
                          ROYALTY INCOME FUND UNITS                           

Rio Tinto Canadian Investments Limited announced on 18 April 2001 that it has
acquired an aggregate of 19,300 units of Labrador Iron Ore Royalty Income
Fund through the facilities of The Toronto Stock Exchange. Such units were
acquired for C$14.25 per unit. Rio Tinto has purchased an aggregate of 19,300
units of the Fund since the commencement of its bid at an average price of
C$14.25 per unit. Rio Tinto now owns an aggregate of 4,329,531 units of the
Fund, representing approximately 14.4% of the outstanding units.
 
For further information, please contact:
 
                                                                             
    CANADA                      LONDON                  AUSTRALIA            
    Jonathan Murrin             Media Relations         Media Relations      
    [phone]           Lisa Cullimore          Ian Head             
                                [phone]    [phone]  
                                                                             
                                Investor Relations      Investor Relations   
                                Peter Jarvis            Dave Skinner         
                                [phone]    [phone]  
                                                                             
                                Jonathan Murrin         Daphne Morros        
                                [phone]    [phone]  
    Website: www.riotinto.com