FORM 425

Filed by: BHP Billiton Plc

and BHP Billiton Limited

Pursuant to Rule 425 under the Securities Act of 1933

Subject Company: Rio Tinto plc

Commission File No.: 001-10533

The following are slides comprising a presentation that was first given on October 7, 2008.


Resourcing the Future
7 October 2008
Don Argus
Chairman
Citi
Smith Barney Special Company Presentation
SHANGHAI


Slide 2
Disclaimer
By reviewing/attending this presentation you agree to be bound by the following conditions.
The directors of BHP Billiton Limited and BHP Billiton Plc (“BHP Billiton") accept responsibility for the information contained in this presentation. Having taken all reasonable care to ensure that such
is the case, the information contained in this presentation is, to the best of the knowledge and belief of the directors of BHP Billiton, in accordance with the facts and contains no omission likely to
affect its import.
Subject to the above, neither BHP Billiton nor any of its directors, officers, employees or advisers nor any other person makes any representation or warranty, express or implied, as to, and
accordingly no reliance should be placed on, the fairness, accuracy or completeness of the information contained in the presentation or of the views given or implied.  To the extent permitted by law,
neither BHP Billiton nor any of its directors, officers, employees or advisers nor any other person shall have any liability whatsoever for any errors or omissions or any loss howsoever arising, directly
or indirectly, from any use of this information or its contents or otherwise arising in connection therewith.  Information about Rio Tinto plc and Rio Tinto Limited ("Rio Tinto") is based on public
information which has not been independently verified.
This presentation is for information purposes only and does not constitute or form part of any offer for sale or issue of any securities or an offer or invitation to purchase or subscribe for any such
securities, nor shall it or any part of it be relied on in connection with, any contract or investment decision, nor does it constitute a proposal to make a takeover bid or the solicitation of any vote or
approval in any jurisdiction, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of any such jurisdiction (or under an exemption from such requirements).  No offering of securities shall be made into the United States except pursuant to registration under the US Securities
Act of 1933, as amended, or an exemption therefrom.  Neither this presentation nor any copy of it may be taken or transmitted or distributed or redistributed (directly or indirectly) in Japan.  The
distribution of this document in other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such
restrictions. 
This presentation is directed only at persons who (i) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) have professional experience in matters relating to investments falling within Article 19(5) of the Order or (iii) are
outside the United Kingdom (all such persons being referred to as "relevant persons").  This presentation must not be acted on or relied on by persons who are not relevant persons. 
Certain statements in this presentation are forward-looking statements (including statements regarding contribution synergies, future cost savings, the cost and timing of development projects, future
production volumes, increases in production and infrastructure capacity, the identification of additional mineral Reserves and Resources and project lives and, without limitation, other statements
typically containing words such as "intends," "expects," "anticipates," "targets," plans," "estimates" and words of similar import.)  These statements are based on current expectations and beliefs and
numerous assumptions regarding BHP Billiton's present and future business strategies and the environments in which BHP Billiton and Rio Tinto will operate in the future and such assumptions,
expectations and beliefs may or may not prove to be correct and by their nature, are subject to a number of known and unknown risks and uncertainties that could cause actual results, performance
and achievements to differ materially.
Factors that could cause actual results or performance to differ materially from those expressed or implied in the forward-looking statements include, but are not limited to, BHP Billiton's ability to
successfully combine the businesses of BHP Billiton and Rio Tinto and to realise expected synergies from that combination, the presence of a competitive proposal in relation to Rio Tinto, satisfaction
of any conditions to any proposed transaction, including the receipt of required regulatory and anti-trust approvals, Rio Tinto’s willingness to enter into any proposed transaction, the successful
completion of any transaction, and the risk factors discussed in BHP Billiton's and Rio Tinto’s filings with the U.S. Securities and Exchange Commission ("SEC") (including in Annual Reports on Form
20-F for the fiscal years ended 30 June 2008 and 31 December 2007, respectively) which are available at the SEC's website (http://www.sec.gov).  Save as required by law or the rules of the UK
Listing Authority and the London Stock Exchange, the UK Takeover Panel, or the listing rules of ASX Limited, BHP Billiton undertakes no duty to update any forward-looking statements in 
this presentation.


Slide 3
Disclaimer
(continued)
No statement concerning expected cost savings, revenue benefits (and resulting incremental EBITDA) and EPS accretion in this presentation should be interpreted to mean that the future earnings
per share of the enlarged BHP Billiton group for current and future financial years will necessarily match or exceed the historical or published earnings per share of BHP Billiton, and the actual
estimated cost savings and revenue benefits (and resulting EBITDA enhancement) may be materially greater or less than estimated.
References in this presentation to “$” are to United States dollars unless otherwise specified. 
Information Relating to the US Offer for Rio Tinto plc
In connection with the offer and sale of securities BHP Billiton would issue to Rio Tinto plc US shareholders and Rio Tinto plc ADS holders, BHP Billiton has filed with the SEC a Registration
Statement on Form F-4 (the “Registration Statement”), which contains a  preliminary prospectus (the “Prospectus”), and will file additional relevant materials with the SEC.  This communication is
not a substitute for the Registration Statement or the Prospectus that BHP Billiton has filed, or any amendments or supplements to those documents BHP Billiton may file, with the SEC.
U.S. INVESTORS AND U.S. HOLDERS OF RIO TINTO PLC SECURITIES AND ALL HOLDERS OF RIO TINTO PLC ADSs ARE URGED TO READ THE REGISTRATION STATEMENT, THE
PROSPECTUS AND ANY OTHER DOCUMENTS MADE AVAILABLE TO THEM AND/OR FILED WITH THE SEC REGARDING THE POTENTIAL TRANSACTION, AS WELL AS ANY
AMENDMENTS AND SUPPLEMENTS TO THOSE DOCUMENTS, WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Investors and security holders are able to obtain a free copy of the Registration Statement and the Prospectus as well as other relevant documents filed with the SEC at the SEC's website
(http://www.sec.gov).  Copies of such documents may also be obtained from BHP Billiton without charge.
Information for US Holders of Rio Tinto Limited Shares
BHP Billiton Limited is not required to, and does not plan to, prepare and file with the SEC a registration statement in respect of the Rio Tinto Limited Offer.  Accordingly, Rio Tinto Limited
shareholders should carefully consider the following:
The Rio Tinto Limited Offer will be an exchange offer made for the securities of a foreign company. Such offer is subject to disclosure requirements of a foreign country that are different from those
of the United States. Financial statements included in the document will be prepared in accordance with foreign accounting standards that may not be comparable to the financial statements of
United States companies.
Information Relating to the US Offer for Rio Tinto plc and the Rio Tinto Limited Offer for Rio Tinto shareholders located in the US
It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal securities laws, since the issuers are located in a foreign country, and some or all of their
officers and directors may be residents of foreign countries. You may not be able to sue a foreign company or its officers or directors in a foreign court for violations of the U.S. securities laws. It
may be difficult to compel a foreign company and its affiliates to subject themselves to a U.S. court's judgment.
You should be aware that BHP Billiton may purchase securities of either Rio Tinto plc or Rio Tinto Limited otherwise than under the exchange offer, such as in open market or privately negotiated
purchases.


Slide 4
0
2
4
6
8
10
12
14
Short-term global economic challenges exist
Source:  IMF, Data:  IMF, IMF Forecasts.
Gross domestic production
(% growth, constant 2006 US$)
Asian Banking
Crisis
Technology
Correction
Current US
Financial Crisis
China
Emerging Economies
Developed Economies


Slide 5
Housing
Structural
Reform
High Value
Manufacturing
Rising Incomes
Rural Development
Urbanisation
However in the long-term China remains on the steep part
of the development curve supported by six growth drivers


Slide 6
Growth in crude steel production (CY2000-2007)
(mt)
73%
5%
3%
4%
15%
Japan
Europe
China
Other
India
Urbanisation and industrialisation is expected to continue
to drive demand for steelmaking raw materials…
Source:  IISI and BHP Billiton estimates.
Note crude steel production growth calculated based on the change in annual production between 2000 and 2007.
Mount Newman
Illawarra Coal


Slide 7
…and energy consumption
36%
9%
5%
50%
China
Other
Europe
North America
Growth in energy consumption CY2000-2007
(mmtoe)
Source: BP Statistical Review of World Energy 2008.
Notes:
Primary
energy
comprises
commercially
traded
fuels
only.
Oil
consumption
measured
in
million
tonnes,
other
fuels
converted
to
million
tonnes
of
oil
equivalent
as
detailed
in
the
Appendices
of
the
Review.
North West Shelf
Greater Angostura


Slide 8
Outstanding performance
Neptune –
Gulf of Mexico


Slide 9
Our core strategy sets us apart in our industry
Focus on Tier 1 assets that are large, low-cost and expandable
Focus on the extraction of upstream natural resources
Portfolio diversified by commodity, customer and geography
reducing the volatility of cash flows
Maintenance of a deep diversified inventory of growth options
Focus on export orientated products
Overriding commitment to ethics, safety, environmental
practice and community engagement
Employer of choice, and a preferred partner for countries and
customers
Simplicity
Accountability
Effectiveness


Slide 10
0
100
200
300
400
500
600
700
BHP Billiton
Rio Tinto(a)
Vale
Xstrata
Anglo American
Note: EBIT and Employees as per last published Annual Report, data does not include contractors. BHP Billiton as at 30-Jun-2008; Rio Tinto, Vale, Xstrata and Anglo American as at 31-Dec-2007.
a)
Rio Tinto Post Alcan EBIT based on CY2007 full year proforma results.
EBIT per employee
(US$’000)
Pre-Alcan
Post-Alcan
Despite our size, simplicity is a core element of this strategy


Slide 11
Outstanding FY2008 result driven by strategy and execution
Achieved record profit for the 7
th
consecutive year
Attributable profit up 12%, EPS up 18%
Dividend rebased upwards a signal of our outlook confidence
Full year dividend of 70 US cents per share, 49% increase
Production increases in 13 commodities, records in 7
10 major growth projects completed
A further 7 major projects sanctioned by the Board
Strong performance demonstrates the power of our
diversified and high margin portfolio
Underlying EBIT margin
(a)
(FY2008)
48%
67%
30%
31%
62%
51%
58%
24%
58%
20%
Iron Ore
Manganese
Energy Coal
Metallurgical Coal
Diamonds and
Specialty Products
Base Metals
Petroleum
Stainless Steel
Materials
Aluminium
Group


Slide 12
%
EBIT margin
(a)
FY2002
FY2003
FY2004
FY2005
FY2006
FY2007
FY2008
0
10
20
30
40
50
60
70
80
H1
H2
H1
H2
H1
H2
H1
H2
H1
H2
H1
H2
H1
H2
Petroleum
Aluminium
Base Metals
D&SP
SSM
Iron Ore
Manganese
Met Coal
Energy Coal
BHP Billiton
Notes:
a)
FY2002
to
FY2005
are
calculated
under
UKGAAP.
Subsequent
periods
are
calculated
under
IFRS.
All
periods
exclude
third
party
trading
activities.
The benefits of diversification across a high margin portfolio


Slide 13
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
CY2007
CY2008F
CY2009F
CY2010F
CY2011F
CY2012F
We are accelerating growth from a diversified project portfolio
% of growth CY2007-2012
(Estimated & unrisked)
Note: Growth in production volumes on a copper equivalent units basis between CY2007 and CY2012 calculated using BHP Billiton estimates for BHP Billiton production. Production volumes exclude BHP Billiton’s
Specialty Products operation and all bauxite production. All energy coal businesses are included. Alumina volumes reflect only tonnes available for external sale. Conversion of production forecasts to copper equivalent
units completed using long term consensus price forecasts, plus BHP Billiton assumptions for diamonds, domestic coal and manganese. Prices as at July 2008.
Expected production growth
(Copper equivalent tonnes '000s)
45%
37%
18%
Steelmaking
Materials
Energy
Non-Ferrous


Slide 14
Focused on low risk volume growth from existing assets and in
our own backyard
By project type
(b)
87%
13%
Brownfield
Greenfield
By region
(c)
Existing
New
3%
97%
63%
Notes:
a)
Growth in production volumes on a copper equivalent units basis between CY2007 and CY2012 calculated using BHP Billiton estimates for BHP Billiton production. Production volumes exclude BHP Billiton’s
Specialty Products operation and all bauxite production. All energy coal businesses are included. Alumina volumes reflect only tonnes available for external sale. Conversion of production forecasts to copper
equivalent units completed using long term consensus price forecasts, plus BHP Billiton assumptions for diamonds, domestic coal and manganese. Prices as at July 2008.
b)
Brownfield includes growth from existing operations as at 31-Dec-2007, as well as expansions and additional developments of, or around those assets.
c)
Existing regions represents those countries in which BHP Billiton already has asset operating as at 31-Dec-2007.
Expected
production
growth
(a)
(Copper equivalent tonnes, CY2007-CY2012)


Slide 15
Example Olympic Dam


Slide 16
The Rio Tinto Offer


Slide 17
Pre-conditional offer, capable of acceptance by shareholders following completion of regulatory processes
and posting of offer documents
Regulatory processes anticipated to be completed around the end of 2008
Rio
Tinto
shareholders
are
being
offered
3.4
BHP
Billiton
shares
for
every
Rio
Tinto
share
held
All share offer
No shareholder forced to exit
Ability to participate in the synergies as well as the premium
CGT
rollover
relief
for
eligible
shareholders
(a)
Unlocks
US$3.7bn
per
annum
of
quantifiable
synergies
(b)
The
offer
represents
a
45%
premium
to
the
undisturbed
price
(c)
50%
minimum
acceptance
condition
(d)
Proposed
share
buyback
of
up
to
US$30bn
following
completion
if
the
offer
is
successful
(e)
BHP Billiton believes this offer is compelling for Rio Tinto shareholders, and value enhancing for BHP
Billiton shareholders
Overview of the offer for Rio Tinto
Notes:
a)
Australian CGT rollover relief will be available for Australian resident shareholders accepting the Rio Tinto Ltd Offer if compulsory acquisition is reached in the Rio Tinto Ltd Offer. UK “rollover” provisions will apply to accepting Rio
Tinto plc shareholders if there are at least 70 per cent acceptances under the Rio Tinto plc Offer.
b)
Estimated incremental EBITDA based on publicly available information. To be read in conjunction with the notes in Appendix IV of BHP Billiton’s announcement dated 6-Feb-2008. Full run rate synergies expected by year 7.
c)
Premium based on the combined volume-weighted market capitalisation of Rio Tinto based on the volume-weighted average closing share prices over the month ended 31-Oct-2007 of £43.09 and A$109.20 for Rio Tinto plc and Rio
Tinto Ltd respectively and volume-weighted average closing share prices over the month ended 31-Oct-2007 of BHP Billiton Plc and BHP Billiton Ltd of £17.99 and A$45.77 respectively. Based on BHP Billiton and Rio Tinto issued
ordinary shares outstanding (excluding Treasury shares and cross shareholdings eg. Rio Tinto plc’s shareholding in Rio Tinto Ltd) as at 9-Nov-2007 and exchange rates of 2.077 US$/£ and 0.927 US$/A$ as at 31-Oct-2007  
NOTE: Consistent with the UK City Code on Takeovers and Mergers, the offer represents a 21% discount based on the combined market capitalisation of Rio Tinto based on the closing share prices of Rio Tinto plc of £43.50 on 7 -
Nov-2007 and Rio Tinto Ltd of A$113.40 on 8-Nov-2007 and closing share prices of BHP Billiton Plc and BHP Billiton Ltd of £11.87 and A$30.42 respectively on 3-Oct-2008. Based on BHP Billiton and Rio Tinto issued ordinary
shares outstanding (excluding Treasury shares and cross shareholdings eg. Rio Tinto plc’s shareholding in Rio Tinto Ltd) as at 3-Oct-2008 and exchange rates of 1.772 US$/£ and 0.775 US$/A$ as at 3-Oct-2008.
b)
The offer is conditional on more than 50% acceptances of the publicly held shares in each of Rio Tinto plc and Rio Tinto Ltd.
c)
i.e. if BHP Billiton acquires 100% of the shares in Rio Tinto Limited and Rio Tinto plc on the 3.4:1 announced offer terms.


Slide 18
Notes:
a)
Estimated incremental EBITDA based on publicly available information. To be read in conjunction with the notes in Appendix IV of BHP Billiton’s announcement dated 6-Feb-2008. Full run rate synergies
 
expected by year 7.
The benefits of the combination
Optimising mineral basin positions and infrastructure
Lower cost, more efficient production
Unlocking volume through matching reserves with
infrastructure
Enhanced platform for future growth
Deployment of scarce resources to highest value
opportunities
Greater ability to develop the next generation of large
scale projects in new geographies
Better positioned as partner of choice with
governments and stakeholders
Efficient exploration and infrastructure development
Unique synergies and combination benefits
Quantifiable synergies of US$3.7bn per annum
(a)
Economies of scale –
especially procurement
Avoid duplication, reduce corporate and divisional
non-operating costs
Accelerate tonnage delivered to market
WA Iron Ore operations (Central & East Pilbara)
BHP Billiton’s Tenements
Rio Tinto’s Tenements
BHP Billiton Railway
Rio Tinto Railway
Goonyella
Riverside
Broadmeadow
48
Gregory
26
Kestrel
48
Norwich
Park
48
Saraji
48
Peak Downs
26
Blair Athol
48
48
48
48
48
26
Hail Creek
South
Water Creek
Poitrel
Blackwater
48
BHP Billiton
Rio Tinto
Queensland Coal
Hay Point


Slide 19
3.4:1 offer represents compelling value
Source:
Datastream
(as
at
3-Oct-2008).
a)
Exchange
ratio
assumes
100%
BHP
Billiton
Ltd
shares
for
each
Rio
Tinto
Ltd
share
and
BHP
Billiton
shares
for
each
Rio
Tinto
plc
share
consisting
of
80%
BHP
Billiton
Plc
shares
and
20%
BHP
Billiton
Ltd
shares.
Rio
Tinto
vs
BHP
Billiton
historical
share
exchange
ratio
(a)
2.2 : 1
2.4 : 1
2.6 : 1
2.8 : 1
3.0 : 1
3.2 : 1
3.4 : 1
3.6 : 1
Jul-2007
Sep-2007
Nov-2007
Jan-2008
Mar-2008
May-2008
Jul-2008
Sep-2008
BHP Billiton's offer for Rio Tinto
1-Oct-2008
ACCC clears proposed
acqusition
of Rio Tinto


Slide 20
Comparative dividend per share
Rio Tinto
BHP Billiton
A$25.92
(2.6% yield)
A$19.16
(1.9% yield)
Rio Tinto
BHP Billiton
US$8.5bn
US$42.1bn
FY2008
dividends
per
A$1,000
of
shares
(a)
Net
debt
(c)
Notes:
a)
Calculated
based
on
Rio
Tinto
Ltd
and
BHP
Billiton
Ltd
share
prices
as
at
3-Oct-2008
and
using
the
dividend
for
the
respective
periods
as
paid
in
A$
by
BHP
Billiton
and
Rio
Tinto.
b)
Dividends
per
share
on
a
US$
basis.
Rio
Tinto’s
ordinary
dividends
per
share
restated
to
June
year
end.
c)
As at 30-Jun-2008.
31%
49%
Rio Tinto
BHP Billiton
2.2
x
5.4
x
Rio Tinto
BHP Billiton
FY2007
to
FY2008
DPS
growth
(b)
FY2008
vs
FY2002
DPS
(b)


Slide 21
Combination is about reducing risk, not increasing it
BHP
Billiton
Ltd
vs
Rio
Tinto
Ltd
relative
performance
(a)
(Price performance relative to Jun-2001 = 100)
Notes:
a)
For the period 29-Jun-2001 to 31-Oct-2007.
0
100
200
300
400
500
0
100
200
300
400
500
Rio Tinto Indexed Share Price Performance
Increased size does not mean increased complexity
simplicity of the business model remains key
Operating as 1 company results in
More diversified asset portfolio, lower risk
An enhanced portfolio of growth opportunities
Reduced risk of large scale investments
Operating and capital cost efficiencies
More production, faster and at lower cost
Key management positions will be filled by drawing
on the best of both management teams
High share price correlation means similar portfolio
concentration, whether the companies are combined
or separate


Slide 22
Indicative timetable for the offer
2008
Offer Period
Event
Jul
Aug
Sep
Oct
Nov
Dec
Day 0
(a)
Day 60
Post Day 60
Regulatory Approvals
Satisfaction of regulatory approval
pre-conditions
Offer Documentation
Posting of offer documents for Rio Tinto plc offer
and Rio Tinto Ltd offer to shareholders
Offer Fulfilment
Last date for fulfilment of greater than 50%
minimum acceptance condition in both the Rio
Tinto plc and Rio Tinto Ltd offers
Post Day 60
If
minimum
acceptance
conditions
are
met
offer
continues.  (i.e. in order to receive sufficient
acceptances to enable compulsory acquisition)
Notes:
a)
Date
for
Day
0
may
fall
in
2008
or
2009.
Timetable
is
indicative
only.
(within 28 days of the
preconditions being
satisfied)


Slide 23
Summary
China, India and other developing economies are
expected to continue to drive demand for
commodities in the long-term
BHP Billiton is focused on executing its strategy,
benefits of this were proven in the FY2008 result
Future production growth 6.9% is expected to be
delivered from lower risk projects and high margin
products
BHP Billiton is working towards completing the
regulatory review process for the Rio Tinto offer
by the end of 2008
Formal offer documents will be distributed to
shareholders following this
BHP Billiton believes this offer is compelling for
Rio Tinto shareholders, and value enhancing for
BHP Billiton shareholders
Cannington


Slide 24
Questions and Answers


Slide 25
BHP Billitons’
senior management team
Notes:
a)
Andrew Mackenzie’s appointment to BHP Billiton was announced on 20-Nov-2007, he has not yet commenced his new role at BHP Billiton. He previously worked at Rio Tinto where he was Chief Executive,
Diamonds and Industrial Minerals.
Chairman and Chief Executive Officer
Group Management Committee
Don Argus
Chairman
Chairman of BHP Billiton
Group since June 2001
Chairman of BHP Limited
since April 1999
Marius Kloppers
Chief Executive Officer
15 years resources
experience
15 years at BHP Billiton
Marcus Randolph
Chief Executive Ferrous and Coal
31 years resources experience
9 years at BHP Billiton
Previously worked at Rio Tinto
Alex Vanselow
Chief Financial Officer
19 years resources experience
19 years at BHP Billiton
Karen Wood
Chief People Officer
7 years resources experience
7 years at BHP Billiton
Michael Yeager
Chief Executive Petroleum
27 years resources experience
2 years at BHP Billiton
Alberto Calderon
Chief Commercial Officer
9 years resources experience
2 years at BHP Billiton
Andrew Mackenzie
(a)
Chief Executive Non Ferrous
30 years resources experience
Previously worked at Rio Tinto


Slide 26
More information for shareholders
Internet
More information on BHP Billiton or BHP Billiton’s offer for Rio Tinto can be
found at either of the following web pages:
BHP Billiton:
www.bhpbilliton.com
BHP Billiton’s offer for Rio Tinto:
www.bhpbilliton.com\RioTintoOffer
Or Email:
investor.relations@bhpbilliton.com
BHP Billiton Shareholder Information Helpline
If you have any additional questions you can contact the Shareholder
Information Helpline on the following numbers:
Australia toll free:
1300 766 363
New Zealand toll free:
0800 668 228
For other callers:
+61 3 9415 4365
BHP
Billiton
Shareholder
Services
-
Computershare
For information about your shareholding contact:
Within Australia:
1300 656 780
Outside Australia:
+61 3 9415 4020
Fax:
+61 3 9473 2460