Rio Tinto plc
2 Eastbourne Terrace
London W2 6LG
United Kingdom
T +44 (0) 20 7781 2000
F +44 (0) 20 7781 1800
Second quarter 2013 operations review
16 July 2013
Rio Tinto chief executive Sam Walsh said "A new milestone was reached in Mongolia, with the Oyu Tolgoi copper-gold mine making its first shipment of copper concentrate to China. Our iron ore operations continue their impressive performance, with period on period productivity improvements. One of our key priorities this year is to deliver our growth projects. Despite some challenging weather conditions, our Pilbara 290 iron ore expansion remains on track to deliver first tonnes by the end of this quarter."
Highlights
|
Q2 2013 |
vs Q2 2012 |
vs Q1 2013 |
H1 2013 |
vs H1 2012 |
Global iron ore shipments mt (100% basis) |
61.3 |
+1% |
+7% |
118.6 |
+4% |
Global iron ore production mt (100% basis) |
66.0 |
+7% |
+8% |
127.2 |
+6% |
Mined copper kt (RT share) |
146.2 |
+10% |
-3% |
296.4 |
+17% |
Aluminium kt (RT share) |
901 |
+7% |
-1% |
1,809 |
+7% |
Hard coking coal kt (RT share) |
1,902 |
-5% |
+15% |
3,552 |
-4% |
Semi-soft and thermal coal kt (RT share) |
7,124 |
+23% |
+17% |
13,216 |
+26% |
Titanium dioxide feedstock kt (RT share) |
461 |
+25% |
+8% |
888 |
+19% |
· Record first half iron ore production, shipments and rail volumes despite a conveyor belt breakage resulting in one of five ship loaders being side-lined for almost three weeks and unseasonal wet weather which led to flooding in the Pilbara.
· Expansion of Pilbara capacity to 290 million tonnes per year remains on budget and on time to deliver first tonnes by the end of the third quarter of this year. Delivery of first tonnes will be followed by a steady commissioning and ramp-up period. Completion of the Rail Capacity Expansion infrastructure project was the most recent milestone reached in the quarter.
· Mined copper benefited from a sustained recovery in grades at Kennecott Utah Copper and Escondida since the first half of 2012.
· Following the north wall slide at Bingham Canyon, mining of ore from lower sections of the pit recommenced on 27 April and is being supplemented with material from stockpiles. The recovery is advancing faster than previously expected with projected full year mined and refined copper improving by 25,000 tonnes over previous estimates.
· Oyu Tolgoi made its first shipment of copper concentrate to China on 9 July 2013, representing the culmination of a three-year, $6.2 billion project to build the first phase of one of the world's top five copper mines.
· Titanium dioxide feedstock volumes were 25 per cent higher than the second quarter of 2012 reflecting the doubling of the Group's interest in Richards Bay Minerals.
· Rio Tinto is well on track to meet its $750 million targeted reduction in exploration and evaluation spend in 2013, with spending in first half down by $483 million over the same period of 2012.
All currency figures in this report are US dollars, and comments refer to Rio Tinto's share of production, unless otherwise stated
IRON ORE
Rio Tinto share of production (million tonnes)
|
Q2 2013 |
vs Q2 2012 |
vs Q1 2013 |
H1 2013 |
vs H1 2012 |
Pilbara Blend Lump |
13.2 |
+5% |
+10% |
25.2 |
+6% |
Pilbara Blend Fines |
18.6 |
+6% |
+2% |
36.8 |
+10% |
Robe Valley Lump |
1.4 |
+22% |
+11% |
2.6 |
+2% |
Robe Valley Fines |
3.0 |
+28% |
+14% |
5.7 |
+11% |
Yandicoogina Fines (HIY) |
13.3 |
+2% |
+9% |
25.4 |
-1% |
IOC (pellets and concentrate) |
2.3 |
+21% |
+17% |
4.4 |
+21% |
Pilbara operations
First half 2013 production of 120 million tonnes (Rio Tinto share 100 million tonnes) set a new first half record, driven by sustained period on period productivity improvements. Rio Tinto's share of production was six per cent higher than the same period of 2012.
In May, a major conveyor belt breakage led to one of the two Cape Lambert ship loaders (and one of five in the Pilbara) being side-lined for almost three weeks for repairs and maintenance. Major maintenance of this conveyor had been scheduled for the fourth quarter but was brought forward. Therefore full year production guidance is unchanged.
In June, unseasonably heavy rainfall led to flooding which caused significant difficulties across the coastal operations, forcing frequent disruption of rail movements and the suspension of ore car dumping and ship loading. To mitigate the impact of these events, the Operations Centre in Perth led a number of workaround initiatives to take advantage of supply chain flexibility. Coupled with the impact of three tropical cyclones in the first quarter, the conditions highlighted the enhanced efficiency that still enabled a record first half production and shipping performance.
In May 2013, the Supreme Court of New South Wales held that a royalty is payable to Hancock Prospecting and Wright Prospecting for production on "section 238" of Channar and Eastern Range. Rio Tinto therefore expects to make a pre-tax provision of $183 million in the first half of 2013 with respect to this claim. A notice of intention to appeal has been filed in respect of the Court's decision.
Pilbara marketing
First half 2013 sales of 111 million tonnes set a new record for a first half and were two per cent higher than the same period in 2012. Second quarter sales were lower than production due to interruptions in shipping caused by the conveyor belt breakage and significant flooding in the Pilbara.
Approximately 30 per cent of sales in the first half of 2013 were priced with reference to the prior quarter's average index lagged by one month. The remainder was sold either on the current quarter average, current month average or on the spot market. Prices are adjusted for product characteristics and iron and moisture content.
Pilbara expansion
Expansion projects remain on track, despite the challenging weather conditions. Completion of the Rail Capacity Expansion infrastructure project in the second quarter marked the latest major milestone. First ore from the 290 Mt/a project remains on track for the end of the third quarter.
The phase two expansion of the port, rail and power infrastructure to 360 Mt/a is currently underway. A number of options for mine capacity growth are under evaluation, including the potential development of new mines and incremental tonnes from further productivity improvement at existing mines.
Iron Ore Company of Canada (IOC)
Saleable production in the second quarter was 21 per cent higher than the same period of 2012 following the completion of the Concentrate Expansion Project (CEP1) and the first phase of CEP2 combined with operational improvements.
Second quarter concentrate sales were 139 per cent higher than the previous quarter (222 per cent higher than the second quarter of 2012) as a result of additional production from the expansions and the availability of previously frozen material from the first quarter. Second quarter pellet sales were 57 per cent higher than the previous quarter (six per cent lower than the second quarter of 2012) due mainly to higher pellet production rates and product availability.
2013 production guidance
2013 production guidance is unchanged at approximately 265 million tonnes (100 per cent basis) from global operations in Australia and Canada, subject to weather constraints.
COPPER
Rio Tinto share of production
|
Q2 2013 |
vs Q2 2012 |
vs Q1 2013 |
H1 2013 |
vs H1 2012 |
Kennecott Utah Copper |
|
|
|
|
|
Mined copper (000 tonnes) |
39.2 |
+31% |
-19% |
87.4 |
+43% |
Refined copper (000 tonnes) |
39.2 |
+133% |
-22% |
89.5 |
+56% |
Molybdenum (000 tonnes) |
0.9 |
-66% |
-50% |
2.7 |
-54% |
Mined gold (000 ozs) |
31 |
-38% |
-33% |
78 |
-26% |
Refined gold (000 ozs) |
44 |
-19% |
-26% |
104 |
-33% |
Escondida |
|
|
|
|
|
Mined copper (000 tonnes) |
85.6 |
+3% |
0% |
171.2 |
+12% |
Refined copper (000 tonnes) |
23.8 |
-6% |
+5% |
46.4 |
-7% |
Northparkes |
|
|
|
|
|
Mined copper (000 tonnes) |
11.2 |
0% |
+5% |
21.8 |
+1% |
Oyu Tolgoi |
|
|
|
|
|
Mined copper (000 tonnes) |
4.4 |
N/A |
N/A |
4.4 |
N/A |
Mined gold (000 ozs) |
7 |
N/A |
N/A |
7 |
N/A |
Palabora |
|
|
|
|
|
Mined copper (000 tonnes) |
5.8 |
-36% |
-1% |
11.6 |
-36% |
Refined copper (000 tonnes) |
7.4 |
+4% |
-1% |
14.9 |
-6% |
Kennecott Utah Copper
Second quarter production of copper contained in concentrates improved significantly on the same period of 2012, reflecting higher grades in ore treated. Gold and molybdenum contained in concentrates were lower than the second quarter of 2012 due to lower grades. Production of all metals was adversely affected by lower ore availability.
On 10 April 2013 the Bingham Canyon Mine experienced a slide along a geotechnical fault-line of its north-eastern wall estimated to be in excess of 150 million tonnes of material. No injuries were sustained as a result of the slide due to the pre-emptive measures taken in the preceding weeks.
The single mine access ramp for heavy equipment was damaged and remains unusable in the area of the slide. Waste movement associated with the Cornerstone extension returned to normal production levels within a few days of the slide. Mining of ore from lower sections of the pit recommenced on 27 April and is being supplemented with material from stockpiles of lower grade ore. The smelter and refinery continue to operate at reduced levels.
The recovery is advancing better than previously expected. Full year production of mined and refined copper is projected to fall short of pre-slide expectations by 100,000 tonnes and 75,000 tonnes, respectively. This represents a 25,000 tonne improvement compared to estimates provided immediately following the slide.
A comprehensive recovery plan is being developed including short and medium term mine plans. Key challenges include securing the edges of the slide area in order to provide safe access to areas below, rebuilding the single mine access road for heavy equipment and replacing damaged equipment.
A non-cash charge excluded from underlying earnings, primarily related to equipment damage and the write-offs of historical waste stripping balances, will be recognised in the 2013 interim results.
Escondida
Mined copper production in the second quarter increased three per cent on 2012. This increase was driven by higher ore grades and an improvement in crushing and conveying systems.
Oyu Tolgoi / Turquoise Hill Resources
Oyu Tolgoi started shipments of copper concentrate to customers from its copper and gold mine in Mongolia on 9 July 2013. All permits for exporting copper concentrate, together with Oyu Tolgoi Board approvals and authorities required for continued concentrate sales, are in place.
Production from the concentrator continues to ramp-up and has averaged over 70 thousand tonnes of ore processed per day for the past three weeks and continues to improve.
Grasberg
Based on the January 2013 Freeport estimates, 2013 production from Grasberg is not expected to exceed the metal attributable to Rio Tinto's joint venture partner because of planned mine sequencing in areas with lower metal grades. Accordingly, Rio Tinto's share of joint venture production is unchanged and expected to be zero for the year.
Northparkes
Second quarter production was unchanged over the same period in 2012 but was up five per cent over the first quarter of 2013 due to higher throughput.
Palabora
Mined copper production was significantly lower than the second quarter of 2012 due, in part, to the north winder tail rope entanglement and suspension of concentrator operations for just over a week in mid-May. Lower ore grades were also a contributor, consistent with expectations as the current Lift 1 operations draw to an end in 2015.
The Competition Tribunal of South Africa approved the previously announced divestment of Rio Tinto's 57.7% shareholding in Palabora on 3 July 2013, subject to certain conditions.
Eagle
Rio Tinto reached a binding agreement in June to sell its Eagle project to Lundin Mining Corporation for an estimated US$325 million in cash. This transaction is expected to close in the third quarter of 2013 and is subject to regulatory approval.
Provisional pricing
At 30 June 2013, the Group had an estimated 253 million pounds of copper sales that were provisionally priced at US 309 cents per pound. The final price of these sales will be determined during the second half of 2013. This compared with 249 million pounds of open shipments at 31 December 2012, provisionally priced at US 360 cents per pound.
2013 production guidance
In 2013, Rio Tinto's share of mined and refined copper production is expected to be approximately 565,000 tonnes and 230,000 tonnes, respectively.
ALUMINIUM
Rio Tinto share of production (000 tonnes)
|
Q2 2013 |
vs Q2 2012 |
vs Q1 2013 |
H1 2013 |
vs H1 2012 |
Bauxite |
|
|
|
|
|
Rio Tinto Alcan |
9,104 |
+21% |
+19% |
16,748 |
+16% |
Pacific Aluminium |
1,857 |
-4% |
-3% |
3,775 |
0% |
Alumina |
|
|
|
|
|
Rio Tinto Alcan |
1,776 |
+15% |
+12% |
3,363 |
+7% |
Pacific Aluminium / Other |
470 |
-30% |
-22% |
1,069 |
-20% |
Aluminium |
|
|
|
|
|
Rio Tinto Alcan |
605 |
+15% |
+2% |
1,199 |
+14% |
Pacific Aluminium / Other |
296 |
-5% |
-5% |
610 |
-6% |
Bauxite and alumina
Rio Tinto Alcan's second quarter bauxite production was 21 per cent higher than the second quarter of 2012. Strong operational performance has driven higher volumes at Weipa in line with increased bauxite requirements from the expanded Yarwun refinery and increased third party demand.
Rio Tinto Alcan's first half alumina production was seven per cent higher compared with the same period in 2012 with greater alumina refining capacity at Yarwun. The impacts of ex-tropical cyclone Oswald experienced at both Queensland refineries in the first quarter of 2013 have adversely impacted production in the first half.
Pacific Aluminium's alumina production was 30 per cent lower than the second quarter of 2012. This followed the shutdown of one of three digestion stages at Gove in late February after inspections identified concerns about the weld integrity on some heat exchangers. These are being refurbished or replaced to bring the digestion stage back on line by the end of the fourth quarter. The temporary shutdown is expected to reduce full year alumina production by 700,000 tonnes compared with 2012. Pacific Aluminium's full year bauxite production is expected to be in line with 2012. Bauxite exports are being increased to offset the impact of reduced requirements for alumina production.
Aluminium
Rio Tinto Alcan's second quarter aluminium production was 15 per cent higher than the same period in 2012, reflecting the resolution of the lockout at Alma and the restarting of production following the power outage at Shawinigan. Production at Alma reached full capacity in the first quarter of 2013.
Pacific Aluminium and Other aluminium production was six per cent lower than the first half of 2012 due to the impacts of the Lynemouth smelter closure in March 2012 and the divestment of the Sebree smelter effective from 1 June 2013.
2013 production guidance
In 2013, Rio Tinto Alcan's share of bauxite, alumina and aluminium production is expected to be 34 million tonnes, 7.3 million tonnes and 2.5 million tonnes, respectively. In addition, Pacific Aluminium and other aluminium assets that have been identified for divestment or closure are expected to produce approximately 8 million tonnes of bauxite, 2 million tonnes of alumina and 1.1 million tonnes of aluminium.
ENERGY
Coal
Rio Tinto share of production (000 tonnes)
|
Q2 2013 |
vs Q2 2012 |
vs Q1 2013 |
H1 2013 |
vs H1 2012 |
Rio Tinto Coal Australia |
|
|
|
|
|
Hard coking coal |
1,759 |
-12% |
+14% |
3,298 |
-11% |
Semi-soft coking coal |
1,147 |
+14% |
+10% |
2,186 |
+36% |
Thermal coal |
5,846 |
+22% |
+18% |
10,789 |
+21% |
|
|
|
|
|
|
Rio Tinto Coal Mozambique |
|
|
|
|
|
Hard coking coal |
143 |
N/A |
+28% |
254 |
N/A |
Thermal coal |
132 |
N/A |
+21% |
241 |
N/A |
Hard coking coal production in Australia was 12 per cent lower than the second quarter of 2012. This was largely as a result of the planned shutdown of the Kestrel Mine coal handling preparation plant for upgrade works as part of the Kestrel Mine Extension project which was completed in April 2013. In July 2013, coal production started from Kestrel South and will ramp-up during a gradual transition of production as the existing mine winds down. Kestrel South is expected to reach full capacity by the end of 2014 and produce an average of 5.7 million tonnes per annum over the next 20 years.
Semi-soft production was 14 per cent higher than the second quarter of 2012, as operations in the Hunter Valley changed their production profile to take advantage of the stronger short-term market for alternate product to hard coking coal due to wet weather in Queensland.
Australian thermal coal production in the second quarter increased by 22 per cent compared with 2012. This was driven by a 67 per cent rise in production at Clermont as well as increased production at sites in the Hunter Valley following brownfield expansions and ongoing work to improve the efficiency and productivity of operations, including performance of the load and haul fleets.
Second quarter production in Mozambique showed a good increase over first quarter production due to advances in yield performance and operational reliability.
Uranium
Rio Tinto share of production (000 lbs)
|
Q2 2013 |
vs Q2 2012 |
vs Q1 2013 |
H1 2013 |
vs H1 2012 |
Energy Resources of Australia |
1,391 |
+46% |
+3% |
2,741 |
+47% |
Rössing |
976 |
+14% |
-1% |
1,959 |
+1% |
Uranium oxide production at ERA benefited from milling higher grade ore stockpiles mined from Pit 3 prior to the completion of mining activities in late 2012. ERA will continue to feed the mill with lower grade stockpiled material in the second half of the year.
Second quarter production at Rössing was 14 per cent higher than same period of 2012 as a result of higher grades and recovery.
2013 production guidance
In 2013, Rio Tinto's share of Australian hard coking, semi soft coking and thermal coal production is expected to be 8.5 million tonnes, 4 million tonnes and 21 million tonnes, respectively. Rio Tinto's share of uranium production in 2013 is expected to be 9.0 million pounds.
DIAMONDS & MINERALS
Rio Tinto share of production
|
Q2 2013 |
vs Q2 2012 |
vs Q1 2013 |
H1 2013 |
vs H1 2012 |
Diamonds (000 carats) |
|
|
|
|
|
Argyle |
3,130 |
+87% |
+57% |
5,120 |
+28% |
Diavik |
936 |
-13% |
-20% |
2,103 |
+3% |
Murowa |
69 |
+21% |
-13% |
147 |
+20% |
|
|
|
|
|
|
Minerals (000 tonnes) |
|
|
|
|
|
Borates - B2O3 content |
125 |
-1% |
+13% |
236 |
-4% |
Titanium dioxide feedstock |
461 |
+25% |
+8% |
888 |
+19% |
|
|
|
|
|
|
Salt (000 tonnes) |
1,670 |
-10% |
+5% |
3,255 |
-2% |
At Argyle, carats recovered were 87 per cent higher than the second quarter of 2012 reflecting increased tonnes processed and higher grades from the underground mine which was commissioned in April 2013.
Carats recovered at Diavik were 13 per cent lower than the second quarter of 2012 as a result of lower grades of ore mined during the quarter. The transition to a fully underground mine at Diavik was successfully completed in June, with production from all three kimberlite pipes now underway.
Titanium dioxide feedstock production was 25 per cent higher than the second quarter of 2012 reflecting the doubling of the Group's interest in Richards Bay Minerals (RBM) and seasonal availability of additional power in Canada.
Due to challenging market conditions for high grade titanium dioxide feedstock, Rio Tinto Fer et Titane (RTFT) has brought forward a planned shut of one of nine furnaces in Canada and deferred the rebuild until market conditions improve. The RTFT upgraded slag (UGS) production facility has remained offline during the quarter. Improved market conditions for zircon have led to a limited restart of production at RBM during the quarter.
Wet weather associated with unseasonal rainfall in June 2013 impacted second quarter salt production, reducing it by ten per cent compared with the same period of 2012.
Development of the formal investment framework for Simandou was advanced through the quarter in line with the principles established in the 2011 Settlement Agreement.
2013 production guidance
In 2013, Rio Tinto's share of production is expected to be 15.7 million carats of diamonds, 0.5 million tonnes of borates or boric oxide equivalent and 1.7 million tonnes of titanium dioxide feedstocks.
CORPORATE
On 14 June, Rio Tinto priced an aggregate of US$3.0 billion of fixed and floating rate bonds. The offering comprised US$1.0 billion of 3-year and US$1.25 billion of 5.5-year fixed rate bonds at coupons of 1.375 per cent and 2.250 per cent respectively, and US$250 million 2-year and US$500 million 3-year floating rate SEC-registered debt securities at coupons of three month US$ LIBOR plus 55 and 84 basis points respectively.
On 24 June, Rio Tinto announced its intention to retain its diamonds businesses after concluding a strategic review which considered a range of options, including potential divestment. The medium to long-term market fundamentals for diamonds remain robust, fuelled by growing demand for luxury goods in Asia and continuing strong demand in North America. The high-quality diamonds business is well positioned to capitalise on the positive market outlook.
On 28 June, Rio Tinto entered into an agreement to provide a non-revolving bridge facility for up to US$225 million to its majority owned subsidiary Turquoise Hill Resources. The facility matures on 12 August 2013 and is intended to fund operations and current underground development at the Oyu Tolgoi mine. In the event the facility is not repaid in full at maturity, or if an event of default occurs, Rio Tinto may convert any outstanding amounts into common shares at a price per share equal to 85 per cent of the then prevailing five-day volume weighted average trading price of the shares on the New York Stock Exchange.
Rio Tinto expects its effective tax rate, excluding royalties, on underlying earnings in the first half of 2013 to be between 35 and 40 per cent. This is five to ten percentage points higher than the rate for the year to 31 December 2012 due to depreciation of the MRRT deferred tax asset and a number of other smaller items.
EXPLORATION AND EVALUATION
Pre-tax and pre-divestment expenditure on exploration and evaluation charged to the profit and loss account in the first half of 2013 was $542 million compared with $1,025 million in the same period of 2012. Of this 2013 expenditure, approximately 44 per cent was incurred by the Copper group, 6 per cent by Iron Ore, 18 per cent by Energy, 16 per cent by Diamonds & Minerals (which now includes the Simandou project), 1 per cent by Rio Tinto Alcan and the balance was incurred by Central Exploration.
There were no significant divestments of central exploration properties in the first half of 2013.
Exploration highlights
On the Saskatchewan Potash project in Canada, a joint venture with North Atlantic Potash Inc., a subsidiary of JSC Acron, processing and interpretation of the 2012 3D seismic survey continued.
At Rössing (Namibia), the third phase of drilling at the Z20 uranium project was completed. A revised resource estimate is in progress.
In the Bowen Basin (Queensland, Australia), work continued on resource models to support Order of Magnitude studies at Mt Robert and Elphinstone, located near Hail Creek. Drilling to test new targets at Winchester South commenced.
At Tamarack (USA), targets were selected for a third quarter drilling programme to follow-up significant zones of mineralisation intersected across the project area.
In Montana (USA), drilling commenced at the Copper Cliff project.
In South Australia, Rio Tinto Exploration (RTX) partners Tasman Resources completed three drill holes at the Vulcan prospect following up previous intercepts of Olympic Dam-style lithologies and alteration. Further drilling is planned following heritage surveys scheduled for August.
In the Pilbara, airborne geophysical surveys were completed over a number of targets and drilling commenced on the first of several targets scheduled for testing this year.
In China CRTX, the Chinalco Rio Tinto Exploration Joint Venture, has been awarded a 1,500 km2 Integrated Exploration Area in Inner Mongolia. Ground exploration targeting copper is planned for the third quarter.
In Russia, copper targets were identified in Kamchatka, Magadan and the Russian Altai with field programmes planned for the third quarter.
In Uzbekistan, reconnaissance work targeting copper mineralisation commenced over the recently granted Gava permit.
In Kazakhstan, approval was received allowing direct negotiations by RTX over two licenses identified for their copper potential.
A summary of activity for the period is as follows:
Product Group |
Evaluation projects |
Advanced projects |
Greenfield programmes |
Aluminium |
Amargosa, Brazil |
Amargosa orbit, Brazil |
Australia, Brazil, Laos |
Copper |
Copper/molybdenum: Resolution, US. Copper: La Granja, Peru Copper/gold: Oyu Tolgoi, Mongolia Nickel/copper: Eagle, US |
Nickel: Tamarack, US. |
Copper: Australia, Chile, Kazakhstan, Uzbekistan, Peru, Russia, US, Zambia, Mongolia, Nickel: Canada. |
Diamonds & Minerals |
Diamonds: Bunder, India Lithium borates: Jadar, Serbia Heavy Mineral Sands: Mutamba |
|
Diamonds: Canada, Democratic Republic of Congo, India Potash: Canada. |
Energy |
Coal: Rio Tinto Coal Mozambique Uranium: Ranger 3 Deeps, Rough Rider |
Coal: Bowen Basin, Australia Uranium: Canada |
Uranium: Canada, Namibia, Australia, US. |
Iron Ore |
Simandou, Guinea Pilbara, Australia |
Pilbara, Australia. |
Canada, Botswana, South Africa, India. |
Mine-lease exploration continued at a number of Rio Tinto businesses, including Northparkes, Rössing and Pilbara Iron.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and New York Stock Exchange listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, thermal and metallurgical coal, uranium, gold, industrial minerals (borax, titanium dioxide and salt) and iron ore. Activities span the world and are strongly represented in Australia and North America with significant businesses in Asia, Europe, Africa and South America.
For further information, please contact:
Media Relations, EMEA / Americas Illtud Harri Office: +44 (0) 20 7781 1152 Mobile: +44 (0) 7920 503 600 David Outhwaite Office: +44 (0) 20 7781 1623 Mobile: +44 (0) 7787 597 493 Christina Mills Office: +44 (0) 20 7781 1154 Mobile: +44 (0) 7825 275 605 |
Investor Relations, EMEA Mark Shannon Office: +44 (0) 20 7781 1178 Mobile: +44 (0) 7917 576 597 David Ovington Office: +44 (0) 20 7781 2051 Mobile: +44 (0) 7920 010 978 Grant Donald Office: +44 (0) 20 7781 1262 Mobile: +44 (0) 7920 587 805 |
Media Relations, Australia / Asia David Luff
Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 419 850 205 Bruce Tobin Office: +61 (0) 3 9283 3612 Mobile: +61 (0) 419 103 454 |
Investor Relations, Australia / Asia Christopher Maitland Office: +61 (0) 3 9283 3063 Mobile: +61 (0) 459 800 131 Rachel Storrs Office: +61 (0) 3 9283 3628 Mobile: +61 (0) 417 401 018 |
Media Relations, Canada Bryan Tucker Office: +1 (0) 514 848 8151 Mobile: +1 (0) 514 825 8319 |
Investor Relations, Americas Jason Combes Office: +1 (0) 801 204 2919 Mobile: +1 (0) 801 558 2645 |
High resolution photographs and media pack available at: www.riotinto.com/media
Rio Tinto production summary |
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Rio Tinto share of production |
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Quarter |
|
Half Year |
|
% Change |
|
|
2012
Q2 |
2013
Q1 |
2013
Q2 |
|
2012
H1 |
2013
H1 |
|
Q2 13
vs
Q2 12 |
Q2 13
vs
Q1 13 |
H1 13
vs
H1 12 |
Principal Commodities |
|
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|
|
Alumina |
('000 t) |
2,212 |
2,186 |
2,246 |
|
4,472 |
4,432 |
|
2% |
3% |
-1% |
Aluminium |
('000 t) |
841 |
907 |
901 |
|
1,695 |
1,809 |
|
7% |
-1% |
7% |
Bauxite |
('000 t) |
9,442 |
9,562 |
10,960 |
|
18,283 |
20,522 |
|
16% |
15% |
12% |
Borates |
('000 t) |
126 |
111 |
125 |
|
245 |
236 |
|
-1% |
13% |
-4% |
Coal - hard coking |
('000 t) |
2,001 |
1,650 |
1,902 |
|
3,705 |
3,552 |
|
-5% |
15% |
-4% |
Coal - semi-soft coking |
('000 t) |
1,003 |
1,039 |
1,147 |
|
1,609 |
2,186 |
|
14% |
10% |
36% |
Coal - thermal |
('000 t) |
4,773 |
5,052 |
5,978 |
|
8,912 |
11,030 |
|
25% |
18% |
24% |
Copper - mined |
('000 t) |
133.5 |
150.2 |
146.2 |
|
252.9 |
296.4 |
|
10% |
-3% |
17% |
Copper - refined |
('000 t) |
49.3 |
80.5 |
70.4 |
|
123.4 |
150.8 |
|
43% |
-13% |
22% |
Diamonds |
('000 cts) |
2,808 |
3,236 |
4,135 |
|
6,167 |
7,370 |
|
47% |
28% |
20% |
Iron ore |
('000 t) |
48,631 |
48,250 |
51,829 |
|
94,274 |
100,079 |
|
7% |
7% |
6% |
Titanium dioxide feedstock |
('000 t) |
370 |
427 |
461 |
|
744 |
888 |
|
25% |
8% |
19% |
Uranium |
('000 lbs) |
1,810 |
2,334 |
2,366 |
|
3,795 |
4,700 |
|
31% |
1% |
24% |
Other Metals & Minerals |
|
|
|
|
|
|
|
|
|
|
|
Gold - mined |
('000 oz) |
75 |
69 |
61 |
|
153 |
129 |
|
-19% |
-12% |
-15% |
Gold - refined |
('000 oz) |
55 |
60 |
44 |
|
155 |
104 |
|
-19% |
-26% |
-33% |
Molybdenum |
('000 t) |
2.6 |
1.8 |
0.9 |
|
5.8 |
2.7 |
|
-66% |
-50% |
-54% |
Salt |
('000 t) |
1,859 |
1,585 |
1,670 |
|
3,319 |
3,255 |
|
-10% |
5% |
-2% |
Silver - mined |
('000 oz) |
877 |
1,061 |
946 |
|
1,812 |
2,007 |
|
8% |
-11% |
11% |
Silver - refined |
('000 oz) |
467 |
672 |
457 |
|
1,283 |
1,130 |
|
-2% |
-32% |
-12% |
|
|
|
|
|
|
|
|
|
|
|
|
Throughout this report, figures in italics indicate adjustments made since the figure was previously quoted on the equivalent page. Production figures are sometimes more precise than the rounded numbers shown, hence small differences may result between the total of the quarter figures and the full year figures. |
Rio Tinto share of production |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
ALUMINA |
|
|
|
|
|
|
|
|
Production ('000 tonnes) |
|
|
|
|
|
|
|
|
Rio Tinto Alcan |
|
|
|
|
|
|
|
|
Jonquière (Vaudreuil) |
100% |
342 |
344 |
363 |
362 |
346 |
690 |
708 |
Queensland Alumina |
80% |
762 |
712 |
714 |
593 |
697 |
1,528 |
1,290 |
São Luis (Alumar) |
10% |
86 |
86 |
82 |
83 |
84 |
173 |
167 |
Yarwun |
100% |
331 |
730 |
750 |
523 |
620 |
695 |
1,143 |
Jonquière (Vaudreuil) specialty alumina plant |
100% |
22 |
26 |
25 |
25 |
30 |
50 |
55 |
Rio Tinto Alcan total |
|
1,544 |
1,898 |
1,934 |
1,587 |
1,776 |
3,136 |
3,363 |
Pacific Aluminium - Gove |
100% |
668 |
723 |
683 |
599 |
470 |
1,336 |
1,069 |
Rio Tinto total alumina production |
|
2,212 |
2,622 |
2,617 |
2,186 |
2,246 |
4,472 |
4,432 |
|
|
|
|
|
|
|
|
|
ALUMINIUM |
|
|
|
|
|
|
|
|
Production ('000 tonnes) |
|
|
|
|
|
|
|
|
Rio Tinto Alcan |
|
|
|
|
|
|
|
|
Cameroon - Alucam (Edéa) |
47% |
5 |
8 |
7 |
5 |
8 |
9 |
13 |
Canada - six wholly owned |
100% |
261 |
272 |
318 |
329 |
338 |
513 |
667 |
Canada - Alouette (Sept-Îles) |
40% |
60 |
58 |
59 |
59 |
58 |
119 |
117 |
Canada - Bécancour |
25% |
27 |
28 |
27 |
27 |
27 |
53 |
54 |
France - two wholly owned |
100% |
88 |
85 |
87 |
85 |
83 |
177 |
169 |
Iceland - ISAL (Reykjavik) |
100% |
48 |
47 |
48 |
49 |
50 |
94 |
99 |
Norway - SØRAL (Husnes) |
50% |
11 |
12 |
12 |
11 |
11 |
23 |
22 |
Oman - Sohar |
20% |
18 |
18 |
18 |
18 |
18 |
36 |
36 |
UK - Lochaber |
100% |
11 |
11 |
11 |
12 |
11 |
23 |
23 |
Rio Tinto Alcan total |
|
528 |
538 |
587 |
594 |
605 |
1,048 |
1,199 |
Pacific Aluminium - four smelters |
|
262 |
266 |
267 |
262 |
261 |
530 |
523 |
Other Aluminium - two smelters (a) |
0% |
51 |
51 |
52 |
52 |
35 |
117 |
87 |
Rio Tinto total aluminium production |
|
841 |
855 |
906 |
907 |
901 |
1,695 |
1,809 |
|
|
|
|
|
|
|
|
|
BAUXITE |
|
|
|
|
|
|
|
|
Production ('000 tonnes) (b) |
|
|
|
|
|
|
|
|
Rio Tinto Alcan |
|
|
|
|
|
|
|
|
Porto Trombetas |
12% |
457 |
492 |
481 |
384 |
473 |
888 |
857 |
Sangaredi |
(c) |
1,472 |
1,592 |
1,663 |
1,477 |
1,831 |
3,046 |
3,308 |
Weipa |
100% |
5,586 |
6,179 |
6,518 |
5,783 |
6,800 |
10,560 |
12,583 |
Total Rio Tinto Alcan |
|
7,515 |
8,263 |
8,662 |
7,644 |
9,104 |
14,493 |
16,748 |
Pacific Aluminium - Gove |
100% |
1,927 |
2,086 |
2,068 |
1,918 |
1,857 |
3,789 |
3,775 |
Rio Tinto total bauxite production |
|
9,442 |
10,350 |
10,731 |
9,562 |
10,960 |
18,283 |
20,522 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto share of production |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
BORATES |
|
|
|
|
|
|
|
|
Production ('000 tonnes B2O3 content) |
|
|
|
|
|
|
|
|
Rio Tinto Minerals - borates |
100% |
126 |
109 |
100 |
111 |
125 |
245 |
236 |
|
|
|
|
|
|
|
|
|
COAL - hard coking |
|
|
|
|
|
|
|
|
Rio Tinto Coal Australia ('000 tonnes) |
|
|
|
|
|
|
|
|
Hail Creek Coal |
82% |
1,211 |
1,679 |
1,588 |
1,217 |
1,373 |
2,615 |
2,590 |
Kestrel Coal |
80% |
790 |
641 |
244 |
321 |
387 |
1,090 |
708 |
Total Rio Tinto Coal Australia hard coking coal |
|
2,001 |
2,320 |
1,832 |
1,539 |
1,759 |
3,705 |
3,298 |
Rio Tinto Coal Mozambique |
|
|
|
|
|
|
|
|
Benga (d) |
65% |
- |
87 |
100 |
111 |
143 |
- |
254 |
Rio Tinto total hard coking coal production |
|
2,001 |
2,407 |
1,932 |
1,650 |
1,902 |
3,705 |
3,552 |
|
|
|
|
|
|
|
|
|
COAL - semi-soft coking |
|
|
|
|
|
|
|
|
Rio Tinto Coal Australia ('000 tonnes) |
|
|
|
|
|
|
|
|
Hunter Valley |
80% |
605 |
255 |
461 |
651 |
463 |
980 |
1,114 |
Mount Thorley |
64% |
291 |
230 |
344 |
271 |
364 |
441 |
635 |
Warkworth |
44% |
107 |
230 |
158 |
117 |
320 |
189 |
437 |
Rio Tinto total semi-soft coking coal production |
|
1,003 |
714 |
963 |
1,039 |
1,147 |
1,609 |
2,186 |
|
|
|
|
|
|
|
|
|
COAL - thermal |
|
|
|
|
|
|
|
|
Rio Tinto Coal Australia ('000 tonnes) |
|
|
|
|
|
|
|
|
Bengalla |
32% |
608 |
529 |
662 |
565 |
721 |
1,058 |
1,286 |
Blair Athol Coal (e) |
71% |
366 |
606 |
497 |
- |
- |
740 |
- |
Clermont |
50% |
910 |
1,148 |
1,416 |
1,130 |
1,524 |
1,539 |
2,654 |
Hunter Valley |
80% |
1,815 |
1,981 |
2,395 |
1,893 |
2,553 |
3,494 |
4,446 |
Kestrel Coal |
80% |
93 |
79 |
67 |
169 |
89 |
134 |
258 |
Mount Thorley |
64% |
429 |
406 |
420 |
483 |
413 |
772 |
895 |
Warkworth |
44% |
552 |
653 |
607 |
704 |
547 |
1,175 |
1,251 |
Total Rio Tinto Coal Australia thermal coal |
|
4,773 |
5,402 |
6,063 |
4,943 |
5,846 |
8,912 |
10,789 |
Rio Tinto Coal Mozambique |
|
|
|
|
|
|
|
|
Benga (d) |
65% |
- |
112 |
160 |
109 |
132 |
- |
241 |
Rio Tinto total thermal coal production |
|
4,773 |
5,514 |
6,222 |
5,052 |
5,978 |
8,912 |
11,030 |
Rio Tinto share of production |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
COPPER |
|
|
|
|
|
|
|
|
Mine production ('000 tonnes) (b) |
|
|
|
|
|
|
|
|
Bingham Canyon |
100% |
29.9 |
42.9 |
59.3 |
48.2 |
39.2 |
61.0 |
87.4 |
Escondida |
30% |
83.3 |
75.2 |
86.8 |
85.6 |
85.6 |
152.3 |
171.2 |
Grasberg - Joint Venture (f) |
40% |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Northparkes |
80% |
11.2 |
10.7 |
10.8 |
10.6 |
11.2 |
21.6 |
21.8 |
Oyu Tolgoi (g) |
34% |
- |
- |
- |
- |
4.4 |
- |
4.4 |
Palabora (h) |
58% |
9.0 |
3.2 |
7.0 |
5.8 |
5.8 |
18.1 |
11.6 |
Rio Tinto total mine production |
|
133.5 |
132.0 |
163.9 |
150.2 |
146.2 |
252.9 |
296.4 |
Refined production ('000 tonnes) |
|
|
|
|
|
|
|
|
Escondida |
30% |
25.4 |
21.7 |
21.3 |
22.6 |
23.8 |
50.1 |
46.4 |
Kennecott Utah Copper |
100% |
16.8 |
45.3 |
59.9 |
50.4 |
39.2 |
57.5 |
89.5 |
Palabora (h) |
58% |
7.1 |
2.7 |
5.1 |
7.5 |
7.4 |
15.8 |
14.9 |
Rio Tinto total refined production |
|
49.3 |
69.7 |
86.2 |
80.5 |
70.4 |
123.4 |
150.8 |
|
|
|
|
|
|
|
|
|
DIAMONDS |
|
|
|
|
|
|
|
|
Production ('000 carats) |
|
|
|
|
|
|
|
|
Argyle |
100% |
1,677 |
2,454 |
2,010 |
1,990 |
3,130 |
4,006 |
5,120 |
Diavik |
60% |
1,075 |
1,160 |
1,141 |
1,167 |
936 |
2,038 |
2,103 |
Murowa |
78% |
56 |
92 |
98 |
79 |
69 |
123 |
147 |
Rio Tinto total diamond production |
|
2,808 |
3,706 |
3,248 |
3,236 |
4,135 |
6,167 |
7,370 |
|
|
|
|
|
|
|
|
|
GOLD |
|
|
|
|
|
|
|
|
Mine production ('000 ounces) (b) |
|
|
|
|
|
|
|
|
Barneys Canyon |
100% |
0.4 |
0.0 |
0.8 |
0.0 |
0.4 |
0.4 |
0.4 |
Bingham Canyon |
100% |
50 |
48 |
48 |
46 |
31 |
104 |
77 |
Escondida |
30% |
8 |
6 |
7 |
7 |
7 |
16 |
14 |
Grasberg - Joint Venture (f) |
40% |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Northparkes |
80% |
15 |
14 |
14 |
14 |
14 |
30 |
27 |
Oyu Tolgoi (g) |
34% |
- |
- |
- |
- |
7 |
- |
7 |
Palabora (h) |
58% |
1.6 |
0.6 |
2.2 |
1.6 |
1.5 |
3.4 |
3.1 |
Rio Tinto total mine production |
|
75 |
68 |
73 |
69 |
61 |
153 |
129 |
Refined production ('000 ounces) |
|
|
|
|
|
|
|
|
Kennecott Utah Copper |
100% |
55 |
46 |
78 |
60 |
44 |
155 |
104 |
Rio Tinto share of production |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
IRON ORE |
|
|
|
|
|
|
|
|
Production ('000 tonnes) (b) |
|
|
|
|
|
|
|
|
Hamersley - six wholly owned mines |
100% |
31,138 |
33,832 |
33,022 |
30,774 |
32,946 |
59,776 |
63,720 |
Hamersley - Channar |
60% |
1,809 |
1,334 |
1,833 |
1,743 |
1,742 |
3,401 |
3,485 |
Hamersley - Eastern Range |
(i) |
2,427 |
2,297 |
2,424 |
2,508 |
2,460 |
4,582 |
4,968 |
Hope Downs |
50% |
3,641 |
4,024 |
3,683 |
3,869 |
3,965 |
7,689 |
7,834 |
Iron Ore Company of Canada |
59% |
1,928 |
2,370 |
2,298 |
2,009 |
2,341 |
3,600 |
4,350 |
Robe River |
53% |
7,688 |
8,771 |
8,707 |
7,347 |
8,375 |
15,227 |
15,722 |
Rio Tinto total iron ore production |
|
48,631 |
52,628 |
51,967 |
48,250 |
51,829 |
94,274 |
100,079 |
Breakdown: |
|
|
|
|
|
|
|
|
Pilbara Blend Lump |
|
12,589 |
12,459 |
12,580 |
11,997 |
13,217 |
23,888 |
25,213 |
Pilbara Blend Fines |
|
17,529 |
18,763 |
17,717 |
18,181 |
18,572 |
33,381 |
36,753 |
Robe Valley Lump |
|
1,140 |
1,390 |
1,620 |
1,252 |
1,387 |
2,579 |
2,639 |
Robe Valley Fines |
|
2,376 |
3,122 |
3,280 |
2,661 |
3,040 |
5,130 |
5,701 |
Yandicoogina Fines (HIY) |
|
13,069 |
14,524 |
14,472 |
12,150 |
13,272 |
25,696 |
25,422 |
IOC Concentrate |
|
506 |
922 |
844 |
797 |
1,086 |
812 |
1,883 |
IOC Pellets |
|
1,422 |
1,448 |
1,453 |
1,212 |
1,255 |
2,788 |
2,468 |
|
|
|
|
|
|
|
|
|
MOLYBDENUM |
|
|
|
|
|
|
|
|
Mine production ('000 tonnes) (b) |
|
|
|
|
|
|
|
|
Bingham Canyon |
100% |
2.6 |
2.5 |
1.1 |
1.8 |
0.9 |
5.8 |
2.7 |
|
|
|
|
|
|
|
|
|
SALT |
|
|
|
|
|
|
|
|
Production ('000 tonnes) |
|
|
|
|
|
|
|
|
Dampier Salt |
68% |
1,859 |
1,836 |
1,678 |
1,585 |
1,670 |
3,319 |
3,255 |
|
|
|
|
|
|
|
|
|
SILVER |
|
|
|
|
|
|
|
|
Mine production ('000 ounces) (b) |
|
|
|
|
|
|
|
|
Bingham Canyon |
100% |
443 |
502 |
624 |
663 |
431 |
960 |
1,094 |
Escondida |
30% |
292 |
221 |
251 |
261 |
306 |
578 |
567 |
Grasberg - Joint Venture (f) |
40% |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Oyu Tolgoi (g) |
34% |
- |
- |
- |
- |
28 |
- |
28 |
Others |
- |
142 |
124 |
123 |
136 |
181 |
274 |
317 |
Rio Tinto total mine production |
|
877 |
847 |
998 |
1,061 |
946 |
1,812 |
2,007 |
Refined production ('000 ounces) |
|
|
|
|
|
|
|
|
Kennecott Utah Copper |
100% |
467 |
357 |
810 |
672 |
457 |
1,283 |
1,130 |
|
|
|
|
|
|
|
|
|
TITANIUM DIOXIDE FEEDSTOCK |
|
|
|
|
|
|
|
|
Production ('000 tonnes) |
|
|
|
|
|
|
|
|
Rio Tinto Iron & Titanium (j) |
100% |
370 |
401 |
450 |
427 |
461 |
744 |
888 |
Rio Tinto share of production |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
URANIUM |
|
|
|
|
|
|
|
|
Production ('000 lbs U3O8) |
|
|
|
|
|
|
|
|
Energy Resources of Australia |
68% |
952 |
1,980 |
1,840 |
1,351 |
1,391 |
1,860 |
2,741 |
Rössing |
69% |
858 |
1,132 |
1,013 |
983 |
976 |
1,936 |
1,959 |
Rio Tinto total uranium production |
|
1,810 |
3,112 |
2,853 |
2,334 |
2,366 |
3,795 |
4,700 |
|
|
|
|
|
|
|
|
|
Production data notes: |
(a) Rio Tinto sold its 100% interest in the Sebree aluminium smelter with an effective date of 1 June 2013. Production is shown up to that date. The wholly owned Lynemouth smelter was closed in March 2012. |
(b) Mine production figures for metals refer to the total quantity of metal produced in concentrates, leach liquor or doré bullion irrespective of whether these products are then refined onsite, except for the data for bauxite and iron ore which represent production of marketable quantities of ore plus pellets. |
(c) Rio Tinto has a 22.95% shareholding in the Sangaredi mine but benefits from 45.0% of production. |
(d) Benga moved to commercial production during the third quarter of 2012. |
(e) Blair Athol closed in the last quarter of 2012. |
(f) Through a joint venture agreement with Freeport-McMoRan Copper & Gold (FCX), Rio Tinto is entitled to 40% of additional material mined as a consequence of expansions and developments of the Grasberg facilities since 1998. The 2Q 2013 production from Grasberg did not exceed the metal attributable to PT Freeport Indonesia per the joint venture agreement for the quarter. Accordingly, Rio Tinto's share of joint venture production was zero for 2Q 2013. |
(g) Rio Tinto owns a 33.52% indirect interest in Oyu Tolgoi through its 50.79% interest in Turquoise Hill Resources. Production included in the table is from 1 May 2013. |
(h) In December 2012, Rio Tinto announced that it had signed a binding agreement to sell its 57.7% effective interest in the Palabora Mining Company. |
(i) Rio Tinto's share of production includes 100% of the production from the Eastern Range mine. Under the terms of the joint venture agreement, Hamersley Iron manages the operation and is obliged to purchase all mine production from the joint venture. |
(j) Quantities comprise 100% of Rio Tinto Fer et Titane and Rio Tinto's share of Richards Bay Minerals (RBM). Rio Tinto's share of RBM production reflects increased ownership from 37% to 74% in early September 2012. |
|
|
|
|
|
|
|
|
|
The Rio Tinto percentage shown above is at 30 June 2013. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto's interests in the Beyrède, Gardanne, La Bâthie and Teutschenthal specialty alumina plants and Borax Argentina were sold in 2012. No data for these operations are included in the Share of Production table. |
Rio Tinto operational data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
ALUMINIUM |
|
|
|
|
|
|
|
|
Rio Tinto Alcan - Bauxite |
|
|
|
|
|
|
|
|
Bauxite production ('000 tonnes) |
|
|
|
|
|
|
|
|
Australia |
|
|
|
|
|
|
|
|
Weipa mine - Queensland |
100.0% |
5,586 |
6,179 |
6,518 |
5,783 |
6,800 |
10,560 |
12,583 |
Brazil |
|
|
|
|
|
|
|
|
Porto Trombetas (MRN) mine |
12.0% |
3,807 |
4,104 |
4,010 |
3,198 |
3,941 |
7,399 |
7,139 |
Guinea |
|
|
|
|
|
|
|
|
Sangaredi mine (a) |
23.0% |
3,272 |
3,537 |
3,696 |
3,282 |
4,070 |
6,768 |
7,352 |
|
|
|
|
|
|
|
|
|
Rio Tinto Alcan share of bauxite shipments |
|
|
|
|
|
|
|
|
Share of bauxite shipments ('000 tonnes) |
|
7,302 |
8,545 |
8,296 |
7,657 |
9,106 |
14,570 |
16,763 |
(a) Rio Tinto has a 22.95% shareholding in the Sangaredi mine but benefits from 45.0% of production.
|
Rio Tinto Alcan - Smelter Grade Alumina |
|
|
|
|
|
|
|
|
Alumina production ('000 tonnes) |
|
|
|
|
|
|
|
|
Australia |
|
|
|
|
|
|
|
|
Queensland Alumina Refinery - Queensland |
80.0% |
952 |
891 |
893 |
741 |
872 |
1,910 |
1,613 |
Yarwun refinery - Queensland |
100.0% |
331 |
730 |
750 |
523 |
620 |
695 |
1,143 |
Brazil |
|
|
|
|
|
|
|
|
São Luis (Alumar) refinery |
10.0% |
860 |
860 |
820 |
833 |
836 |
1,729 |
1,669 |
Canada |
|
|
|
|
|
|
|
|
Jonquière (Vaudreuil) refinery - Quebec (a) |
100.0% |
342 |
344 |
363 |
362 |
346 |
690 |
708 |
(a) Jonquière's (Vaudreuil's) production shows smelter grade alumina only and excludes hydrate produced and used for specialty alumina.
|
Rio Tinto percentage interest shown above is at 30 June 2013. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
ALUMINIUM (continued) |
|
|
|
|
|
|
|
|
Rio Tinto Alcan - Specialty Alumina |
|
|
|
|
|
|
|
|
Specialty alumina production ('000 tonnes) |
|
|
|
|
|
|
|
|
Canada |
|
|
|
|
|
|
|
|
Jonquière (Vaudreuil) refinery - Quebec |
100.0% |
22 |
26 |
25 |
25 |
30 |
50 |
55 |
Rio Tinto Alcan - Primary Aluminium |
|
|
|
|
|
|
|
|
Primary aluminium production ('000 tonnes) |
|
|
|
|
|
|
|
|
Cameroon |
|
|
|
|
|
|
|
|
Alucam (Edéa) smelter |
46.7% |
10 |
16 |
16 |
11 |
16 |
20 |
28 |
Canada |
|
|
|
|
|
|
|
|
Alma smelter - Quebec |
100.0% |
36 |
44 |
90 |
106 |
110 |
73 |
217 |
Alouette (Sept-Îles) smelter - Quebec |
40.0% |
149 |
146 |
149 |
146 |
146 |
298 |
293 |
Arvida smelter - Quebec |
100.0% |
44 |
44 |
44 |
43 |
44 |
88 |
87 |
Bécancour smelter - Quebec |
25.1% |
106 |
110 |
106 |
107 |
108 |
212 |
215 |
Grande-Baie smelter - Quebec |
100.0% |
56 |
56 |
56 |
55 |
56 |
111 |
111 |
Kitimat smelter - British Columbia |
100.0% |
45 |
46 |
46 |
45 |
44 |
90 |
89 |
Laterrière smelter - Quebec |
100.0% |
59 |
58 |
58 |
56 |
60 |
117 |
116 |
Shawinigan smelter - Quebec |
100.0% |
22 |
24 |
23 |
23 |
24 |
34 |
47 |
France |
|
|
|
|
|
|
|
|
Dunkerque smelter |
100.0% |
63 |
64 |
65 |
64 |
60 |
127 |
124 |
Saint-Jean-de-Maurienne smelter |
100.0% |
24 |
21 |
22 |
22 |
23 |
50 |
45 |
Iceland |
|
|
|
|
|
|
|
|
ISAL (Reykjavik) smelter |
100.0% |
48 |
47 |
48 |
49 |
50 |
94 |
99 |
Norway |
|
|
|
|
|
|
|
|
SØRAL (Husnes) smelter |
50.0% |
23 |
23 |
23 |
22 |
22 |
46 |
44 |
Oman |
|
|
|
|
|
|
|
|
Sohar smelter |
20.0% |
90 |
88 |
90 |
89 |
91 |
182 |
180 |
United Kingdom |
|
|
|
|
|
|
|
|
Lochaber smelter |
100.0% |
11 |
11 |
11 |
12 |
11 |
23 |
23 |
Rio Tinto Alcan share of metal sales |
|
|
|
|
|
|
|
|
Share of primary aluminium sales ('000 tonnes) |
|
629 |
623 |
696 |
657 |
722 |
1,252 |
1,379 |
Rio Tinto percentage interest shown above is at 30 June 2013. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
ALUMINIUM (continued) |
|
|
|
|
|
|
|
|
Pacific Aluminium - Bauxite |
|
|
|
|
|
|
|
|
Bauxite production ('000 tonnes) |
|
|
|
|
|
|
|
|
Australia |
|
|
|
|
|
|
|
|
Gove mine - Northern Territory |
100.0% |
1,927 |
2,086 |
2,068 |
1,918 |
1,857 |
3,789 |
3,775 |
Pacific Aluminium - Smelter Grade Alumina |
|
|
|
|
|
|
|
|
Alumina production ('000 tonnes) |
|
|
|
|
|
|
|
|
Australia |
|
|
|
|
|
|
|
|
Gove refinery - Northern Territory |
100.0% |
668 |
723 |
683 |
599 |
470 |
1,336 |
1,069 |
Pacific Aluminium - Primary Aluminium |
|
|
|
|
|
|
|
|
Primary aluminium production ('000 tonnes) |
|
|
|
|
|
|
|
|
Australia |
|
|
|
|
|
|
|
|
Bell Bay smelter - Tasmania |
100.0% |
46 |
47 |
47 |
46 |
47 |
91 |
93 |
Boyne Island smelter - Queensland |
59.4% |
141 |
144 |
143 |
139 |
140 |
282 |
280 |
Tomago smelter - New South Wales |
51.6% |
136 |
137 |
137 |
133 |
134 |
271 |
267 |
New Zealand |
|
|
|
|
|
|
|
|
Tiwai Point smelter |
79.4% |
79 |
79 |
80 |
82 |
78 |
165 |
160 |
Other Aluminium - Specialty Alumina |
|
|
|
|
|
|
|
|
Specialty alumina production ('000 tonnes) |
|
|
|
|
|
|
|
|
France |
|
|
|
|
|
|
|
|
Beyrède plant (a) |
0.0% |
7 |
3 |
- |
- |
- |
13 |
- |
Gardanne plant (a) |
0.0% |
126 |
45 |
- |
- |
- |
239 |
- |
La Bâthie plant (a) |
0.0% |
6 |
3 |
- |
- |
- |
12 |
- |
Germany |
|
|
|
|
|
|
|
|
Teutschenthal plant (a) |
0.0% |
7 |
3 |
- |
- |
- |
13 |
- |
Other Aluminium - Primary Aluminium |
|
|
|
|
|
|
|
|
Primary aluminium production ('000 tonnes) |
|
|
|
|
|
|
|
|
United Kingdom |
|
|
|
|
|
|
|
|
Lynemouth smelter (b) |
100.0% |
- |
- |
- |
- |
- |
15 |
0 |
USA |
|
|
|
|
|
|
|
|
Sebree smelter - Kentucky (c) |
0.0% |
51 |
51 |
52 |
52 |
35 |
102 |
87 |
(a) Rio Tinto sold its interest in these specialty alumina assets with an effective date of 1 August 2012. Production is shown up to that date.
(b) Rio Tinto closed the Lynemouth aluminium smelter on 29 March 2012.
(c) Rio Tinto sold its 100% interest in the Sebree smelter with an effective date of 1 June 2013. Production is shown up to that date.
|
Rio Tinto percentage interest shown above is at 30 June 2013. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
BORATES |
|
|
|
|
|
|
|
|
Rio Tinto Minerals - borates |
100.0% |
|
|
|
|
|
|
|
US and Argentina |
|
|
|
|
|
|
|
|
Borates ('000 tonnes) (a) (b) |
|
132 |
111 |
100 |
111 |
125 |
252 |
236 |
(a) Production is expressed as B2O3 content.
(b) Rio Tinto sold its interest in Borax Argentina with an effective date of 21 Aug 2012. Production is included up to that date.
|
|
|
|
|
|
|
|
|
|
COAL |
|
|
|
|
|
|
|
|
Rio Tinto Coal Australia |
|
|
|
|
|
|
|
|
Bengalla mine |
32.0% |
|
|
|
|
|
|
|
New South Wales |
|
|
|
|
|
|
|
|
Thermal coal ('000 tonnes) |
|
1,899 |
1,652 |
2,068 |
1,765 |
2,254 |
3,306 |
4,019 |
Blair Athol Coal mine (a) |
71.2% |
|
|
|
|
|
|
|
Queensland |
|
|
|
|
|
|
|
|
Thermal coal ('000 tonnes) |
|
513 |
851 |
697 |
- |
- |
1,039 |
- |
Clermont Coal mine |
50.1% |
|
|
|
|
|
|
|
Queensland |
|
|
|
|
|
|
|
|
Thermal coal ('000 tonnes) |
|
1,817 |
2,292 |
2,826 |
2,256 |
3,041 |
3,071 |
5,297 |
Hail Creek Coal mine |
82.0% |
|
|
|
|
|
|
|
Queensland |
|
|
|
|
|
|
|
|
Hard coking coal ('000 tonnes) |
|
1,477 |
2,048 |
1,937 |
1,485 |
1,674 |
3,188 |
3,158 |
Hunter Valley Operations |
80.0% |
|
|
|
|
|
|
|
New South Wales |
|
|
|
|
|
|
|
|
Semi-soft coking coal ('000 tonnes) |
|
757 |
318 |
576 |
814 |
579 |
1,225 |
1,393 |
Thermal coal ('000 tonnes) |
|
2,268 |
2,476 |
2,993 |
2,366 |
3,191 |
4,367 |
5,557 |
Kestrel Coal mine |
80.0% |
|
|
|
|
|
|
|
Queensland |
|
|
|
|
|
|
|
|
Hard coking coal ('000 tonnes) |
|
987 |
801 |
304 |
402 |
483 |
1,363 |
885 |
Thermal coal ('000 tonnes) |
|
116 |
99 |
83 |
211 |
111 |
168 |
322 |
Mount Thorley Operations |
64.0% |
|
|
|
|
|
|
|
New South Wales |
|
|
|
|
|
|
|
|
Semi-soft coking coal ('000 tonnes) |
|
454 |
358 |
537 |
424 |
569 |
689 |
992 |
Thermal coal ('000 tonnes) |
|
671 |
635 |
657 |
754 |
645 |
1,206 |
1,399 |
Rio Tinto percentage interest shown above is at 30 June 2013. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
COAL (continued) |
|
|
|
|
|
|
|
|
Warkworth mine |
44.5% |
|
|
|
|
|
|
|
New South Wales |
|
|
|
|
|
|
|
|
Semi-soft coking coal ('000 tonnes) |
|
241 |
518 |
355 |
263 |
719 |
424 |
982 |
Thermal coal ('000 tonnes) |
|
1,242 |
1,469 |
1,365 |
1,583 |
1,229 |
2,644 |
2,813 |
Total hard coking coal production ('000 tonnes) |
|
2,464 |
2,849 |
2,242 |
1,886 |
2,157 |
4,551 |
4,044 |
Total semi-soft coking coal production ('000 tonnes) |
|
1,452 |
1,194 |
1,468 |
1,501 |
1,867 |
2,337 |
3,368 |
Total thermal coal production ('000 tonnes) |
|
8,526 |
9,473 |
10,689 |
8,936 |
10,472 |
15,801 |
19,407 |
Total coal production ('000 tonnes) |
|
12,443 |
13,516 |
14,399 |
12,323 |
14,496 |
22,689 |
26,819 |
|
|
|
|
|
|
|
|
|
Total coal sales ('000 tonnes) |
|
11,857 |
13,296 |
14,757 |
12,259 |
4,004 |
21,997 |
16,263 |
Rio Tinto Coal Australia share |
|
|
|
|
|
|
|
|
Share of hard coking coal sales ('000 tonnes) (b) |
|
1,926 |
2,436 |
1,841 |
1,535 |
1,776 |
3,932 |
3,311 |
Share of semi-soft coal sales ('000 tonnes) (c) |
|
946 |
769 |
882 |
1,115 |
981 |
1,543 |
2,096 |
Share of thermal coal sales ('000 tonnes) (c) |
|
4,428 |
5,193 |
6,236 |
4,931 |
5,682 |
8,325 |
10,614 |
(a) Blair Athol closed in the last quarter of 2012.
(b) Kestrel produces hard coking coal and thermal coal through its mining operations. These coals may be blended at ports; blended coal sales are included in hard coking coal sales.
(c) Sales relate only to coal mined by the operations and exclude traded coal.
|
Rio Tinto Coal Mozambique |
|
|
|
|
|
|
|
|
Benga mine (a) |
65.0% |
|
|
|
|
|
|
|
Hard coking coal production ('000 tonnes) |
|
- |
134 |
154 |
171 |
219 |
- |
390 |
Thermal coal production ('000 tonnes) |
|
- |
173 |
246 |
168 |
202 |
- |
370 |
(a) Benga moved to commercial production during the third quarter of 2012.
|
Rio Tinto percentage interest shown above is at 30 June 2013. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
COPPER & GOLD |
|
|
|
|
|
|
|
|
Escondida |
30.0% |
|
|
|
|
|
|
|
Chile |
|
|
|
|
|
|
|
|
Sulphide ore to concentrator ('000 tonnes) |
|
18,640 |
16,850 |
18,796 |
18,964 |
19,295 |
35,089 |
38,259 |
Average copper grade (%) |
|
1.36 |
1.34 |
1.39 |
1.44 |
1.42 |
1.26 |
1.43 |
Mill production (metals in concentrates): |
|
|
|
|
|
|
|
|
Contained copper ('000 tonnes) |
|
211.7 |
185.2 |
216.6 |
229.3 |
231.9 |
364.8 |
461.2 |
Contained gold ('000 ounces) |
|
26 |
21 |
24 |
24 |
24 |
52 |
48 |
Contained silver ('000 ounces) |
|
972 |
738 |
836 |
870 |
1,021 |
1,927 |
1,891 |
Recoverable copper in ore stacked for leaching ('000 tonnes) (a) |
66.2 |
65.4 |
72.7 |
55.9 |
53.5 |
142.7 |
109.4 |
Refined production from leach plants: |
|
|
|
|
|
|
|
|
Copper cathode production ('000 tonnes) |
|
84.7 |
72.3 |
70.9 |
75.3 |
79.3 |
167.0 |
154.7 |
(a) The calculation of copper in material mined for leaching is based on ore stacked at the leach pad.
|
Freeport-McMoRan Copper & Gold |
|
|
|
|
|
|
|
|
Grasberg mine (a) |
0.0% (b) |
|
|
|
|
|
|
|
Papua, Indonesia |
|
|
|
|
|
|
|
|
Ore treated ('000 tonnes) |
|
16,337 |
17,175 |
16,424 |
17,943 |
19,493 |
26,780 |
37,436 |
Average mill head grades: |
|
|
|
|
|
|
|
|
Copper (%) |
|
0.57 |
0.63 |
0.66 |
0.66 |
0.73 |
0.59 |
0.70 |
Gold (g/t) |
|
0.58 |
0.46 |
0.59 |
0.52 |
0.56 |
0.68 |
0.54 |
Silver (g/t) |
|
1.57 |
1.81 |
2.43 |
2.15 |
2.42 |
1.82 |
2.29 |
Production of metals in concentrates: |
|
|
|
|
|
|
|
|
Copper in concentrates ('000 tonnes) |
|
81.2 |
93.7 |
94.1 |
103.0 |
123.5 |
139.2 |
226.5 |
Gold in concentrates ('000 ounces) |
|
238 |
187 |
227 |
218 |
276 |
474 |
494 |
Silver in concentrates ('000 ounces) |
|
579 |
624 |
865 |
812 |
864 |
1,103 |
1,676 |
Sales of payable metals in concentrates: (c) |
|
|
|
|
|
|
|
|
Copper in concentrates ('000 tonnes) |
|
82.8 |
88.8 |
92.3 |
89.8 |
122.2 |
144.5 |
212.0 |
Gold in concentrates ('000 ounces) |
|
247 |
178 |
224 |
192 |
276 |
518 |
468 |
Silver in concentrates ('000 ounces) |
|
476 |
469 |
670 |
563 |
692 |
932 |
1,254 |
(a) Through a joint venture agreement with Freeport-McMoRan Copper & Gold (FCX), Rio Tinto is entitled to 40% of additional material mined as a consequence of expansions and developments of the Grasberg facilities since 1998. The 2Q 2013 results show the forecast from FCX's most recent five-year plan, because FCX is not releasing its actual 100% operating data for 2Q 2013 until the release of its 2013 second-quarter results on 23 July 2013.
(b) Rio Tinto share of Grasberg production is 40% of the expansion.
(c) Net of smelter deductions.
|
Rio Tinto percentage interest shown above is at 30 June 2013. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
COPPER & GOLD (continued) |
|
|
|
|
|
|
|
|
Kennecott Utah Copper |
|
|
|
|
|
|
|
|
Barneys Canyon mine (a) |
100.0% |
|
|
|
|
|
|
|
Utah, US |
|
|
|
|
|
|
|
|
Gold produced ('000 ounces) |
|
0.4 |
0.0 |
0.8 |
0.0 |
0.4 |
0.4 |
0.4 |
Bingham Canyon mine |
100.0% |
|
|
|
|
|
|
|
Utah, US |
|
|
|
|
|
|
|
|
Ore treated ('000 tonnes) |
|
11,020 |
10,268 |
11,001 |
11,733 |
8,192 |
22,863 |
19,925 |
Average ore grade: |
|
|
|
|
|
|
|
|
Copper (%) |
|
0.32 |
0.47 |
0.60 |
0.47 |
0.54 |
0.32 |
0.50 |
Gold (g/t) |
|
0.20 |
0.20 |
0.19 |
0.18 |
0.15 |
0.21 |
0.17 |
Silver (g/t) |
|
1.94 |
2.12 |
2.34 |
2.42 |
2.18 |
2.15 |
2.32 |
Molybdenum (%) |
|
0.046 |
0.039 |
0.027 |
0.033 |
0.022 |
0.046 |
0.028 |
Copper concentrates produced ('000 tonnes) |
|
144 |
190 |
267 |
223 |
170 |
296 |
393 |
Average concentrate grade (% Cu) |
|
20.7 |
22.5 |
22.1 |
21.7 |
23.0 |
20.4 |
22.2 |
Production of metals in copper concentrates: |
|
|
|
|
|
|
|
|
Copper ('000 tonnes) (b) |
|
29.9 |
42.9 |
59.3 |
48.2 |
39.2 |
61.0 |
87.4 |
Gold ('000 ounces) |
|
50 |
48 |
48 |
46 |
31 |
104 |
77 |
Silver ('000 ounces) |
|
443 |
502 |
624 |
663 |
431 |
960 |
1,094 |
Molybdenum concentrates produced ('000 tonnes): |
|
5.1 |
5.0 |
2.2 |
3.5 |
1.7 |
11.1 |
5.2 |
Molybdenum in concentrates ('000 tonnes) |
|
2.6 |
2.5 |
1.1 |
1.8 |
0.9 |
5.8 |
2.7 |
(a) Mining operations ceased in the first quarter of 2002. Gold continues to be recovered from leach pads.
(b) Includes a small amount of copper in precipitates.
|
Kennecott smelter & refinery |
100.0% |
|
|
|
|
|
|
|
Copper concentrates smelted ('000 tonnes) |
|
130 |
227 |
285 |
245 |
123 |
318 |
367 |
Copper anodes produced ('000 tonnes) (a) |
|
9.3 |
55.1 |
63.3 |
50.6 |
30.1 |
49.3 |
80.7 |
Production of refined metal: |
|
|
|
|
|
|
|
|
Copper ('000 tonnes) |
|
16.8 |
45.3 |
59.9 |
50.4 |
39.2 |
57.5 |
89.5 |
Gold ('000 ounces) (b) |
|
55 |
46 |
78 |
60 |
44 |
155 |
104 |
Silver ('000 ounces) (b) |
|
467 |
357 |
810 |
672 |
457 |
1,283 |
1,130 |
(a) New metal excluding recycled material.
(b) Includes gold and silver in intermediate products.
|
Rio Tinto percentage interest shown above is at 30 June 2013. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
COPPER & GOLD (continued) |
|
|
|
|
|
|
|
|
Northparkes Joint Venture |
80.0% |
|
|
|
|
|
|
|
New South Wales, Australia |
|
|
|
|
|
|
|
|
Ore treated ('000 tonnes) |
|
1,438 |
1,468 |
1,393 |
1,419 |
1,542 |
2,790 |
2,960 |
Average ore grade: |
|
|
|
|
|
|
|
|
Copper (%) |
|
1.09 |
1.04 |
1.09 |
1.06 |
1.02 |
1.09 |
1.04 |
Gold (g/t) |
|
0.53 |
0.50 |
0.52 |
0.49 |
0.47 |
0.55 |
0.48 |
Copper concentrates produced ('000 tonnes) |
|
40.0 |
38.8 |
39.1 |
39.7 |
42.8 |
77.9 |
82.4 |
Contained copper in concentrates: |
|
|
|
|
|
|
|
|
Saleable production ('000 tonnes) |
|
14.0 |
13.4 |
13.5 |
13.3 |
14.0 |
27.0 |
27.3 |
Sales ('000 tonnes) (a) |
|
11.8 |
11.3 |
12.1 |
10.7 |
11.3 |
20.4 |
21.9 |
Contained gold in concentrates: |
|
|
|
|
|
|
|
|
Saleable production ('000 ounces) |
|
19 |
17 |
18 |
17 |
17 |
37 |
34 |
Sales ('000 ounces) (a) |
|
16.1 |
15.3 |
16.3 |
14.9 |
13.4 |
28.7 |
28.3 |
(a) Rio Tinto's 80% share of material from the Joint Venture.
|
Turquoise Hill Resources |
|
|
|
|
|
|
|
|
Oyu Tolgoi mine (a) |
33.5% |
|
|
|
|
|
|
|
Mongolia |
|
|
|
|
|
|
|
|
Ore Treated ('000 tonnes) |
|
- |
- |
- |
- |
4,430 |
- |
4,430 |
Average mill head grades: |
|
|
|
|
|
|
|
|
Copper (%) |
|
- |
- |
- |
- |
0.42 |
- |
0.42 |
Gold (g/t) |
|
- |
- |
- |
- |
0.27 |
- |
0.27 |
Silver (g/t) |
|
- |
- |
- |
- |
1.31 |
- |
1.31 |
Copper concentrates produced ('000 tonnes) |
|
- |
- |
- |
- |
50.2 |
- |
50.2 |
Average concentrate grade (% Cu) |
|
- |
- |
- |
- |
26.1 |
- |
26.1 |
Production of metals in concentrates: |
|
|
|
|
|
|
|
|
Copper in concentrates ('000 tonnes) |
|
- |
- |
- |
- |
13.1 |
- |
13.1 |
Gold in concentrates ('000 ounces) |
|
- |
- |
- |
- |
21 |
- |
21 |
Silver in concentrates ('000 ounces) |
|
- |
- |
- |
- |
85 |
- |
85 |
Sales of metals in concentrates: |
|
- |
- |
- |
- |
- |
- |
- |
Copper in concentrates ('000 tonnes) |
|
- |
- |
- |
- |
- |
- |
- |
Gold in concentrates ('000 ounces) |
|
- |
- |
- |
- |
- |
- |
- |
Silver in concentrates ('000 ounces) |
|
- |
- |
- |
- |
- |
- |
- |
(a) Rio Tinto owns a 33.52% indirect interest in Oyu Tolgoi through its 50.79% interest in Turquoise Hill Resources. Production included in the table is from 1 May 2013.
|
Rio Tinto percentage interest shown above is at 30 June 2013. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
COPPER & GOLD (continued) |
|
|
|
|
|
|
|
|
Palabora (a) |
57.7% |
|
|
|
|
|
|
|
Palabora Mine |
|
|
|
|
|
|
|
|
South Africa |
|
|
|
|
|
|
|
|
Ore Treated ('000 tonnes) |
|
2,889 |
981 |
2,434 |
2,139 |
2,221 |
5,810 |
4,360 |
Average ore grade: copper (%) (b) |
|
0.59 |
0.63 |
0.57 |
0.56 |
0.58 |
0.60 |
0.57 |
Copper concentrates produced ('000 tonnes) |
|
54.4 |
20.3 |
43.7 |
35.5 |
47.7 |
106.2 |
83.2 |
Average concentrate grade: copper (%) |
|
28.8 |
27.3 |
27.8 |
28.4 |
25.3 |
29.5 |
26.7 |
Copper in concentrates ('000 tonnes) |
|
15.6 |
5.5 |
12.1 |
10.1 |
12.1 |
31.4 |
22.2 |
Palabora smelter/refinery |
|
|
|
|
|
|
|
|
New concentrate smelted on site ('000 tonnes) |
|
51.3 |
6.1 |
43.6 |
54.2 |
57.1 |
107.4 |
111.3 |
New copper anodes produced ('000 tonnes) |
|
13.8 |
1.2 |
10.9 |
14.1 |
13.2 |
28.5 |
27.3 |
Refined new copper produced ('000 tonnes) |
|
12.4 |
4.7 |
8.8 |
13.0 |
12.9 |
27.4 |
25.8 |
Gold in Anode Slimes ('000 tonnes) |
|
2.8 |
1.1 |
3.8 |
2.8 |
2.6 |
5.9 |
5.5 |
By-products: |
|
|
|
|
|
|
|
|
Magnetite concentrate ('000 tonnes) |
|
1,420 |
1,475 |
1,428 |
1,146 |
1,482 |
2,377 |
2,628 |
Nickel contained in products (tonnes) |
|
13 |
2 |
3 |
6 |
11 |
27 |
17 |
Vermiculite plant |
|
|
|
|
|
|
|
|
Vermiculite produced ('000 tonnes) |
|
29 |
27 |
30 |
32 |
41 |
76 |
73 |
(a) In December 2012, Rio Tinto announced that it had signed a binding agreement to sell its 57.7% effective interest in the Palabora Mining Company.
(b) Includes some higher grade slag processed in 3Q 2012.
|
|
|
|
|
|
|
|
|
|
DIAMONDS |
|
|
|
|
|
|
|
|
Argyle Diamonds (a) |
100.0% |
|
|
|
|
|
|
|
Western Australia |
|
|
|
|
|
|
|
|
AK1 ore processed ('000 tonnes) |
|
1,663 |
1,728 |
1,822 |
1,533 |
1,929 |
3,461 |
3,462 |
AK1 diamonds produced ('000 carats) |
|
1,677 |
2,454 |
2,010 |
1,990 |
3,130 |
4,006 |
5,120 |
(a) Rio Tinto officially opened the Argyle underground mine on 30 April 2013.
|
Diavik Diamonds |
60.0% |
|
|
|
|
|
|
|
Northwest Territories, Canada |
|
|
|
|
|
|
|
|
Ore processed ('000 tonnes) |
|
538 |
525 |
466 |
503 |
526 |
1,067 |
1,029 |
Diamonds recovered ('000 carats) |
|
1,791 |
1,933 |
1,901 |
1,946 |
1,559 |
3,397 |
3,505 |
Murowa Diamonds |
77.8% |
|
|
|
|
|
|
|
Zimbabwe |
|
|
|
|
|
|
|
|
Ore processed ('000 tonnes) |
|
120 |
142 |
154 |
153 |
122 |
246 |
275 |
Diamonds recovered ('000 carats) |
|
73 |
119 |
126 |
101 |
88 |
158 |
189 |
Rio Tinto percentage interest shown above is at 30 June 2013. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
IRON ORE |
|
|
|
|
|
|
|
|
Rio Tinto Iron Ore |
|
|
|
|
|
|
|
|
Western Australia |
|
|
|
|
|
|
|
|
Pilbara Operations |
|
|
|
|
|
|
|
|
Saleable iron ore production ('000 tonnes) |
|
|
|
|
|
|
|
|
Hamersley - Paraburdoo, Mt Tom Price, Marandoo, |
|
|
|
|
|
|
|
|
Yandicoogina, Brockman and Nammuldi |
100.0% |
31,138 |
33,832 |
33,022 |
30,775 |
32,945 |
59,776 |
63,720 |
Hamersley - Channar |
60.0% |
3,016 |
2,224 |
3,055 |
2,905 |
2,904 |
5,668 |
5,809 |
Hamersley - Eastern Range |
(a) |
2,427 |
2,297 |
2,424 |
2,508 |
2,460 |
4,582 |
4,968 |
Hope Downs |
50.0% |
7,281 |
8,048 |
7,367 |
7,737 |
7,932 |
15,378 |
15,669 |
Robe River - Pannawonica (Mesas J and A) |
53.0% |
6,635 |
8,513 |
9,246 |
7,383 |
8,352 |
14,545 |
15,735 |
Robe River - West Angelas |
53.0% |
7,871 |
8,037 |
7,183 |
6,479 |
7,451 |
14,184 |
13,930 |
Total production ('000 tonnes) |
|
58,367 |
62,949 |
62,297 |
57,787 |
62,044 |
114,133 |
119,831 |
Breakdown: |
|
|
|
|
|
|
|
|
Pilbara Blend Lump |
|
16,050 |
15,890 |
15,748 |
15,099 |
16,641 |
30,613 |
31,740 |
Pilbara Blend Fines |
|
22,615 |
24,023 |
22,831 |
23,154 |
23,780 |
43,279 |
46,934 |
Robe Valley Lump |
|
2,151 |
2,622 |
3,057 |
2,363 |
2,616 |
4,866 |
4,979 |
Robe Valley Fines |
|
4,484 |
5,890 |
6,189 |
5,021 |
5,735 |
9,679 |
10,756 |
Yandicoogina Fines (HIY) |
|
13,069 |
14,524 |
14,473 |
12,150 |
13,272 |
25,696 |
25,422 |
Total sales ('000 tonnes) (b) |
|
57,418 |
61,020 |
62,923 |
54,722 |
56,468 |
108,764 |
111,190 |
Breakdown: |
|
|
|
|
|
|
|
|
Pilbara Blend Lump |
|
13,376 |
14,014 |
13,740 |
12,472 |
13,356 |
25,315 |
25,828 |
Pilbara Blend Fines |
|
22,949 |
24,856 |
25,157 |
22,753 |
23,437 |
43,678 |
46,190 |
Robe Valley Lump |
|
2,220 |
2,290 |
2,651 |
2,019 |
1,982 |
4,159 |
4,001 |
Robe Valley Fines |
|
5,222 |
6,260 |
6,707 |
4,645 |
5,637 |
10,033 |
10,282 |
Yandicoogina Fines (HIY) |
|
13,651 |
13,601 |
14,668 |
12,833 |
12,056 |
25,578 |
24,889 |
(a) Rio Tinto owns 54% of the Eastern Range mine. Under the terms of the joint venture agreement, Hamersley Iron manages the operation and is obliged to purchase all mine production from the joint venture and therefore all of the production is included in Rio Tinto's share of production.
(b) Sales represent iron ore exported from Western Australian ports. |
Iron Ore Company of Canada |
58.7% |
|
|
|
|
|
|
|
Newfoundland & Labrador and Quebec in Canada |
|
|
|
|
|
|
|
|
Saleable iron ore production: |
|
|
|
|
|
|
|
|
Concentrates ('000 tonnes) |
|
862 |
1,570 |
1,438 |
1,357 |
1,849 |
1,383 |
3,206 |
Pellets ('000 tonnes) |
|
2,422 |
2,466 |
2,475 |
2,064 |
2,138 |
4,748 |
4,202 |
Sales: |
|
|
|
|
|
|
|
|
Concentrates ('000 tonnes) |
|
698 |
1,723 |
1,316 |
939 |
2,245 |
1,199 |
3,184 |
Pellets ('000 tonnes) |
|
2,740 |
2,774 |
2,517 |
1,648 |
2,582 |
4,593 |
4,230 |
Global Iron Ore Totals |
|
|
|
|
|
|
|
|
Iron Ore Production ('000 tonnes) |
|
61,651 |
66,985 |
66,210 |
61,209 |
66,030 |
120,264 |
127,239 |
Iron Ore Sales ('000 tonnes) |
|
60,855 |
65,517 |
66,756 |
57,310 |
61,294 |
114,555 |
118,604 |
Rio Tinto percentage interest shown above is at 30 June 2013. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto
interest |
2Q
2012 |
3Q
2012 |
4Q
2012 |
1Q
2013 |
2Q
2013 |
1H
2012 |
1H
2013 |
|
|
|
|
|
|
|
|
|
SALT |
|
|
|
|
|
|
|
|
Dampier Salt |
68.4% |
|
|
|
|
|
|
|
Western Australia |
|
|
|
|
|
|
|
|
Salt production ('000 tonnes) |
|
2,720 |
2,686 |
2,454 |
2,319 |
2,444 |
4,856 |
4,762 |
|
|
|
|
|
|
|
|
|
TITANIUM DIOXIDE FEEDSTOCK |
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|
Rio Tinto Iron & Titanium |
100.0% |
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|
Canada and South Africa (a) |
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|
(Rio Tinto share) (b) |
|
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|
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|
Titanium dioxide feedstock ('000 tonnes) |
|
370 |
401 |
450 |
427 |
461 |
744 |
888 |
(a) On 7 September 2012, Rio Tinto increased its stake in Richards Bay Minerals from 37% to 74% through the acquisition of BHP Billiton's interest in RBM.
(b) Quantities comprise 100% of Rio Tinto Fer et Titane and Rio Tinto's share of Richards Bay Minerals' production. Ilmenite mined in Madagascar is being processed in Canada.
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|
URANIUM |
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Energy Resources of Australia Ltd |
|
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Ranger mine |
68.4% |
|
|
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|
|
|
|
Northern Territory, Australia |
|
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|
U3O8 Production ('000 lbs) |
|
1,392 |
2,895 |
2,690 |
1,974 |
2,034 |
2,719 |
4,008 |
Rössing Uranium Ltd |
68.6% |
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|
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Namibia |
|
|
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|
U3O8 Production ('000 lbs) |
|
1,251 |
1,650 |
1,477 |
1,434 |
1,423 |
2,823 |
2,857 |
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Rio Tinto percentage interest shown above is at 30 June 2013. The data represent full production and sales on a 100% basis unless otherwise stated. |
