Shareholders in Rio Tinto PLC (RTP) should oppose the Anglo-Australian miner's renumeration report at its annual general meeting on concerns of an excessive bonus for an outgoing executive, according to advisory group PIRC.

"Excessiveness is a concern in light of the integration bonus received by Dick Evans," PIRC said.

Evans, who stepped down as chief executive of Rio Tinto's aluminum division Feb. 1 and is due to leave the company's board April 20, is set to receive a $1.35 million cash bonus for 2008.

The bonus is for his work integrating aluminum assets acquired in 2007 into the group.

Rio Tinto will hold AGMs on April 15 in the U.K. and April 20 in Australia.

Company Web site: www.riotinto.com

-By Jeffrey Sparshott, Dow Jones Newswires; +44 (0)207 842 9347; jeffrey.sparshott@dowjones.com