Media Release 2 / 2 Contacts Please direct all enquiries to media.enquiries@riotinto.com Media Relations, United Kingdom Matthew Klar M +44 7796 630 637 David Outhwaite M +44 7787 597 493 Media Relations, Australia Matt Chambers M +61 433 525 739...

EXHIBIT 99.5 Please direct all enquiries to: Media Release xxxxx.xxxxxxxxx@xxxxxxxx.xxx Xxxxxxx Salt agrees to sale of Lake Macleod operation to Leichhardt 16 January 2024 Xxxxxxx Salt Limited (Xxxxxxx Salt) has entered into a sales agreement for the Lake XxxXxxx salt and gypsum operation in Carnarvon, Western Australia, with privately-owned salt company Leichhardt Industrials Group (Leichhardt) for A$375 million (US$251 million). Completion of the sale is conditional on certain commercial and regulatory conditions being satisfied, and this is expected to occur by the end of the year. Rio Tinto’s Managing Director Port, Rail & Core Services, Xxxxxxx Xxxxx, said “The sale of Lake XxxXxxx will enable Xxxxxxx Salt to focus on enhancing operational efficiencies at its remaining two Pilbara operations, while allowing the new owner of Lake XxxXxxx to maximise its potential. “Over the next 12 months, the Xxxxxxx Salt leadership team’s focus will be on safety, delivering on plan, and maintaining respect for all people at Lake XxxXxxx and in the Carnarvon community. “We are pleased Leichhardt has committed to retaining all Lake XxxXxxx employees, ensuring continuity of operation and providing job stability to the 130-strong workforce”. Lake XxxXxxx is one of three solar salt sites owned by Xxxxxxx Salt, which also includes operations in Dampier and Port Hedland. It is located within Baiyungu country in the Gascoyne region of Western Australia, 70 kilometres north of the town of Carnarvon, and consists of a ~1.5 Mtpa salt operation, ~1 Mtpa gypsum operation as well as a deepwater port at Cape Cuvier. Xxxxxxx Salt has no plans to sell any other assets within its business. Notes to editors Xxxxxxx Salt is a joint venture between Rio Tinto (68%), Marubeni Corporation (22%) and Sojitz (10%). It is the world’s largest exporter of seaborne salt with annual production capacity of approximately 10 million tonnes.

Media Release 2 / 2 Contacts Please direct all enquiries to xxxxx.xxxxxxxxx@xxxxxxxx.xxx Media Relations, United Kingdom Xxxxxxx Xxxx M x00 0000 000 000 Xxxxx Xxxxxxxxx M x00 0000 000 000 Media Relations, Australia Xxxx Xxxxxxxx M x00 000 000 000 Xxxxx Xxxxxxxxxxx M x00 000 000 000 Xxxxxxx Xxxxxxxx M x00 000 000 000 Xxxxxxxx Xxx M x00 000 000 000 Media Relations, Americas Xxxxx Xxxxxxxx M x0 000 000 0000 Xxxxxx Xxxxxx M x0 000 000 0000 Xxxxxxx Xxxxx M x0 000 000 0000 Investor Relations, United Kingdom Xxxxx Xxxxxxxx M x00 0000 000 000 Xxxxx Xxxxxxxx M x00 0000 000 000 Xxxxx Xxxxxx M x00 0000 000 000 Investor Relations, Australia Xxx Xxxxxx M x00 000 000 000 Amar Jambaa M x00 000 000 000 Rio Tinto plc 0 Xx Xxxxx’x Xxxxxx Xxxxxx XX0X 0XX Xxxxxx Xxxxxxx T x00 00 0000 0000 Registered in England No. 719885 Rio Tinto Limited Level 00, 000 Xxxxxxx Xxxxxx Xxxxxxxxx 0000 Xxxxxxxxx T x00 0 0000 0000 Registered in Australia ABN 96 004 458 404 xxxxxxxx.xxx