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To: RAVEL who wrote (22508)	8/21/1998 11:08:00 AM
From: RAVEL	Respond to of 31646

RIO TINTO SUBSIDIARY Y2K COMMENTS:Palabora Mining Company Limited Preliminary Report for the Six Months Ended June 30, 1998 Unaudited Group Results LONDON (Aug. 20) BUSINESS WIRE -August 20, 1998-- A project to address year 2000 compliance commenced in 1997 and is on schedule. The scope of the project includes compilation of a comprehensive inventory of computer systems and other equipment with embedded chips, assessment of compliance, corrective action, compliance testing, compliance of business partners and contingency planning. Year 2000 expenditure to date amounts to R850,000 with additional amounts planned. No significant year 2000 related operational difficulties or liability risks are anticipated. The target date for compliance of computer systems is December 31, 1998 and for equipment with embedded chips June 30, 1999. Declaration of Dividend No. 125 Notice is hereby given that Dividend No. 125 of 60 cents per R1 share, being the second interim dividend for the year ending December 31, 1998, has been declared payable to shareholders registered in the books of the company on September 4, 1998. Note to editors: Palabora Mining Company Limited is 39% owned by Rio Tinto plc. -0- jlt/ny* CONTACT: Rio Tinto Peter Darling, Media Relations