June 30 (Reuters) - Rio Tinto (LON:RIO) Ltd RIO.AX :
* ABG and PNG will both hold an equal share in BCL of 36.4 per cent if the
transfers are completed
* Says Rio Tinto has today transferred its 53.8 per cent shareholding in
Bougainville Copper Limited (BCL) to an independent trustee
* ABG to receive 68 per cent of rio tinto's shareholding from the independent
trustee for no consideration
* Under the trust deed PNG is entitled to the remaining 32 per cent
* BCL chairman peter Taylor will resign with immediate effect
* Although Rio Tinto will no longer hold any interest in BCL, Rio Tinto will
continue to meet its obligations under agreement during the period
* Source text for Eikon ID:nASX42YXq