Rio Tinto delivers very strong first half production
16 July 2014
Rio Tinto chief executive Sam Walsh said "We achieved another half of very strong operating performance, powered by productivity gains across our business. Our iron ore expansion continues to deliver high-margin growth reinforcing our position as a low cost producer. It has allowed us to increase shipments of our Pilbara Blend products, providing our customers with reliable, long-term supply of stable quality. Healthy copper volumes reflect higher grades and recoveries at Kennecott Utah Copper, as well as the ramp up at Oyu Tolgoi. With a relentless focus on achieving sustainable cost savings while delivering the highest quality growth, we continue to transform Rio Tinto into a stronger, more disciplined business that will consistently deliver strong cash flows and shareholder value."
Highlights (Rio Tinto share unless stated otherwise)
|
|
Q2'14 |
vs Q2'13 |
vs Q1'14 |
H1'14 |
vs H1'13 |
Global iron ore shipments (100% basis) |
mt |
75.7 |
+23% |
+13% |
142.4 |
+20% |
Global iron ore production (100% basis) |
mt |
73.1 |
+11% |
+10% |
139.5 |
+10% |
Mined copper |
kt |
164.8 |
+28% |
+4% |
323.0 |
+23% |
Bauxite |
mt |
10.1 |
-7% |
+1% |
20.2 |
-2% |
Aluminium |
kt |
839 |
0% |
+1% |
1,671 |
0% |
Hard coking coal |
mt |
2.0 |
+6% |
+8% |
3.9 |
+9% |
Semi-soft and thermal coal |
mt |
6.7 |
-7% |
-2% |
13.5 |
+2% |
Titanium dioxide feedstock |
kt |
372 |
-19% |
-4% |
762 |
-14% |
· Record first half iron ore shipments, production and rail volumes. Shipments from the Pilbara exceeded production as stocks built ahead of the delivery of the expanded infrastructure were drawn down, while existing mines continue to be expanded to utilise increased rail and port capacity.
· In May, Rio Tinto announced that its Pilbara iron ore system of mines, rail and ports reached a run rate of 290 million tonnes a year (Mt/a), two months ahead of schedule.
· The rail duplication and trackwork required for the 360 Mt/a expansion is now complete. Critical 360 Mt/a port infrastructure remains on track for completion by the end of the first half of 2015.
· Full year production guidance for copper has been increased following strong production during the first half, driven by higher grades and concentrator recoveries at Kennecott Utah Copper and the ramp up at Oyu Tolgoi. These led to a 23 per cent increase on a like-for-like basis in the half, and more than offset the impact of divestments in 2013. Sales exceeded production at Oyu Tolgoi in the half as logistics commissioning issues were resolved enabling a strong acceleration in shipments.
· Gove has been operating as a bauxite export business since the curtailment of the refinery in May and is expected to ramp up from current export capacity of 6 Mt/a to 8 Mt/a by the end of 2015. First half global bauxite production was lower than 2013 as the Gove mine adjusted production to reflect the staged curtailment of the alumina refinery during the first half.
· First half aluminium production was in line with last year, with productivity gains across the smelter portfolio offsetting the loss of production from the closure of Shawinigan in November 2013.
· Production of hard coking coal improved in the first half of 2014 following completion of the extension project at the Kestrel mine in the second half of 2013. Thermal coal production set a new first half record, up six per cent on last year.
· Titanium dioxide production was down in the first half as the business continues to match production volumes to underlying demand.
· Exploration and evaluation expenditure was $340 million in the first half of 2014, sustaining the savings achieved in 2013 whilst continuing to progress the highest priority projects.
· The sale of Rio Tinto's interest in the Clermont thermal coal mine completed on 29 May for cash consideration of $1.015 billion, before adjustments for working capital and net debt.
All currency figures in this report are US dollars, and comments refer to Rio Tinto's share of production, unless otherwise stated.To allow production numbers to be compared on a like-for-like basis, production from asset divestments completed in 2013 have been excluded.
IRON ORE
Rio Tinto share of production (million tonnes)
|
Q2 2014 |
vs Q2 2013 |
vs Q1 2014 |
H1 2014 |
vs H1 2013 |
Pilbara Blend Lump |
14.5 |
+10% |
+10% |
27.8 |
+10% |
Pilbara Blend Fines |
22.7 |
+22% |
+16% |
42.3 |
+15% |
Robe Valley Lump |
1.5 |
+9% |
+7% |
2.9 |
+11% |
Robe Valley Fines |
3.0 |
-1% |
+3% |
5.9 |
+4% |
Yandicoogina Fines (HIY) |
13.4 |
+1% |
0% |
26.8 |
+5% |
IOC (pellets and concentrate) |
2.4 |
+1% |
+34% |
4.1 |
-5% |
Global iron ore production of 139.5 million tonnes (Rio Tinto share 109.9 million tonnes) and global shipments of 142.4 million tonnes set new first half records. Rio Tinto's share of production in the half was ten per cent higher than in the same period of 2013.
Pilbara operations
First half production of 132.4 million tonnes (Rio Tinto share 105.7 million tonnes) was 11 per cent higher than the same period in 2013 and set a new first half record, driven by productivity improvements and the ramp up to the 290Mt/a run rate achieved in May, two months ahead of schedule.
Production in the second quarter was 69.1 million tonnes (Rio Tinto share 55.2 million tonnes) which is 11 per cent higher than in the same period last year. A significant proportion of the additional tonnes have gone directly into Pilbara Blends, the largest traded iron ore products by volume and the industry reference iron ores in Asian steel markets.
Pilbara sales
Record first half sales of 136.1 million tonnes (100 per cent basis) were 22 per cent higher than the same period of 2013. Sales in the first half continued to exceed production due to the drawdown of stockpiled iron ore inventory built at Pilbara mine sites in previous years to facilitate a ramp up of the expanded port and rail facilities to 290Mt/a.
The growth of our Pilbara iron ore business has enabled us to deliver additional Pilbara Blend iron ore volumes to Asian steel markets, providing our customers with reliable, long-term supply of stable quality. Our Yandicoogina and Robe Valley products remained in high demand from major steel mills in Asia.
Approximately 25 per cent of sales in the first half of 2014 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.
Second quarter sales set a new quarterly record of 71.8 million tonnes (100 per cent basis), 27 per cent higher than the same period of 2013.
Pilbara expansion
The rail duplication and trackwork required for the 360Mt/a expansion is now complete. Critical 360 Mt/a port infrastructure remains on track for completion by the end of the first half of 2015.
In November 2013, Rio Tinto set out its breakthrough pathway to optimise the growth of mine capacity towards 360 Mt/a at a target all-in capital intensity of between $120-130 per tonne (100 per cent basis or low-US$100s a tonne Rio Tinto share), significantly lower than originally planned. A series of low-cost brownfield expansions will bring on additional tonnes to feed the expanded infrastructure. From a base run rate of 290 Mt/a in May 2014, annual mine production capacity is planned to increase by more than 60 million tonnes between 2014 and 2017. The majority of the low-cost growth will be delivered in the next two years, with mine production of more than 330 million tonnes (100 per cent basis) expected from the Pilbara in 2015.
Iron Ore Company of Canada (IOC)
Second quarter production was slightly higher than the same period of 2013 as operations recovered from an unusually cold winter. Sales continued to be constrained by frozen material during the second quarter. As a result, pellet sales were 25 per cent lower and concentrate sales were 15 per cent lower than in the second quarter of 2013.
2014 shipping and production guidance
Rio Tinto expects 2014 global shipments of approximately 300 million tonnes (100 per cent basis). 2014 global production guidance is unchanged at 295 million tonnes (100 per cent basis), subject to weather constraints. Around five million tonnes of iron ore inventory is expected to be drawn down at the Pilbara mines during the year.
COPPER
Rio Tinto share of production
|
Q2 2014 |
vs Q2 2013 |
vs Q1 2014 |
H1 2014 |
vs H1 2013 |
Kennecott Utah Copper |
|
|
|
|
|
Mined copper (000 tonnes) |
61.9 |
+58% |
-11% |
131.0 |
+50% |
Refined copper (000 tonnes) |
70.1 |
+79% |
+32% |
123.2 |
+38% |
Molybdenum (000 tonnes) |
2.5 |
+177% |
+162% |
3.4 |
+27% |
Mined gold (000 oz) |
77.0 |
+146% |
+22% |
140.3 |
+81% |
Refined gold (000 oz) |
59.8 |
+35% |
-4% |
121.8 |
+17% |
Escondida |
|
|
|
|
|
Mined copper (000 tonnes) |
89.4 |
+4% |
+13% |
168.2 |
-2% |
Refined copper (000 tonnes) |
24.5 |
+3% |
+8% |
47.2 |
+2% |
Grasberg |
|
|
|
|
|
Mined copper (000 tonnes) |
1.5 |
N/A |
-13% |
3.2 |
N/A |
Mined gold (000 oz) |
0.3 |
N/A |
-33% |
0.7 |
N/A |
Oyu Tolgoi |
|
|
|
|
|
Mined copper (000 tonnes) |
12.1 |
+176% |
+43% |
20.6 |
+369% |
Mined gold (000 oz) |
37.9 |
+439% |
+72% |
59.9 |
+751% |
Kennecott Utah Copper
First half production of copper and gold contained in concentrates improved significantly on the same period in 2013, reflecting the recovery from the pit wall slide experienced in April 2013. Production in the second quarter was higher than the same period last year due to sustained improvements in grades at the mine, higher throughput and improved recoveries at the concentrator following completion of the flotation expansion in the third quarter of 2013. Molybdenum production in the first half was 27 per cent higher than in the first half of 2013 due to higher grades and throughput.
Copper cathode production for the first half was 38 per cent higher than in the same period in 2013 as production was brought forward in anticipation of the 65-day smelter shutdown planned to start in September, which will lead to lower cathode production in the second half of 2014.
Escondida
Mined copper production decreased two per cent on the first half of 2013, driven by lower ore grades, which was partially offset by higher mill throughput. Second quarter production was up four per cent on the same period last year, with higher throughput offsetting lower grades.
Oyu Tolgoi / Turquoise Hill Resources
Production for the first half was 61.5 thousand tonnes of copper and 178.6 thousand ounces of gold in concentrates (Rio Tinto share 20.6 thousand tonnes and 59.9 thousand ounces, respectively). Production was higher in the second quarter due to the shutdown of one grinding circuit line in the first quarter to complete inspections and repairs following post-commissioning issues.
Customer collections of concentrate from the Chinese bonded warehouse accelerated, with the sale of 64.7 thousand tonnes of copper and 154.0 thousand ounces of gold in concentrates (100 per cent basis) recognised in the first half of 2014 (of which 51.6 thousand tonnes of copper and 126.2 thousand ounces of gold took place in the second quarter). Monthly sales exceeded production, resulting in a drawdown of inventories, which should ensure that inventories approach appropriate levels by the end of 2014.
On 23 June, Oyu Tolgoi LLC received an audit report from the Mongolian Tax Authority claiming unpaid taxes, penalties and disallowed entitlements associated with the initial development of the Oyu Tolgoi mine. On 25 June, Turquoise Hill Resources Limited, a 50.8 per cent owned subsidiary of Rio Tinto, notified shareholders that a notice of dispute had been filed with the Government of Mongolia.
Grasberg
Based on the latest available forecast from Freeport-McMoran Copper & Gold, a small proportion of copper and gold production in the first half has been attributed to Rio Tinto.
Sulawesi project
In July 2014, the Group divested its interest in the Sulawesi nickel project in Indonesia as part of its continued repositioning of the Copper portfolio to focus on its four tier one operating assets and two world class greenfield projects.
Provisional pricing
At 30 June 2014, the Group had an estimated 266 million pounds of copper sales that were provisionally priced at US 317 cents per pound. The final price of these sales will be determined during the second half of 2014. This compared with 254 million pounds of open shipments at 31 December 2013, provisionally priced at US 333 cents per pound.
2014 production guidance
Rio Tinto is increasing its copper guidance for the year. It now expects its share of mined copper production to be approximately 585,000 tonnes (previously 570,000) and refined copper production to be 300,000 tonnes (previously 260,000).
ALUMINIUM
Rio Tinto share of production (000 tonnes)
|
Q2 2014 |
vs Q2 2013 |
vs Q1 2014 |
H1 2014 |
vs H1 2013 |
Rio Tinto Alcan |
|
|
|
|
|
Bauxite |
10,144 |
-7% |
+1% |
20,188 |
-2% |
Alumina |
1,795 |
+1% |
-3% |
3,650 |
+9% |
Aluminium |
839 |
0% |
+1% |
1,671 |
0% |
Other operations |
|
|
|
|
|
Gove alumina refinery |
139 |
-70% |
-74% |
676 |
-37% |
In May 2014, Rio Tinto completed the curtailment of alumina production at Gove. The refinery is now on care and maintenance and continues to be reported separately from Rio Tinto Alcan.
Bauxite
Gove has been operating as a bauxite export business since the curtailment of the refinery in May. Bauxite production and export capacity at Gove are expected to ramp up from current capacity of 6 Mt/a to 8 Mt/a by the end of 2015 following upgrades to export infrastructure. First half bauxite production was lower than 2013 as the Gove bauxite mine adjusted production to reflect the staged curtailment of the Gove alumina refinery during the first half.
Alumina
Excluding the Gove alumina refinery which is reported separately from the Rio Tinto Alcan refineries, production in the first half was up by nine per cent compared to 2013 reflecting stronger production at Yarwun and Queensland Alumina which were both impacted by ex-tropical cyclone Oswald in the first half of 2013. Production at Yarwun is expected to reach full capacity during the second half of 2015 as refinery design and construction challenges are progressively addressed.
Aluminium
Aluminium production in the first half was in line with the same period of last year, with productivity gains across the portfolio of smelters. These gains, coupled with production from the new AP60 smelter, offset the loss of production from Shawinigan which closed in November last year.
In June 2014, one potline (24 thousand tonnes of capacity) was closed at the Kitimat smelter as part of the transition to the commissioning of the modernised and expanded Kitimat facility, which is scheduled to produce first hot metal in the first half of 2015.
On 3 July, Rio Tinto Alcan signed an agreement to sell its 50 per cent shareholding in the SØRAL aluminium smelter in Norway to its joint venture partner at the plant, Hydro Aluminium ASA. The transaction is subject to customary conditions and is expected to close in the second half of 2014.
2014 production guidance
Rio Tinto's share of bauxite and aluminium production for 2014 is unchanged and is expected to be 41 million tonnes and 3.4 million tonnes, respectively. Alumina production guidance is revised to 7.6 million tonnes (previously 8.0 million tonnes). This excludes alumina production from the Gove alumina refinery, which moved to care and maintenance in May 2014.
ENERGY
Coal
Rio Tinto share of production (000 tonnes)
|
Q2 2014 |
vs Q2 2013 |
vs Q1 2014 |
H1 2014 |
vs H1 2013 |
Rio Tinto Coal Australia |
|
|
|
|
|
Hard coking coal |
1,828 |
+4% |
+1% |
3,642 |
+10% |
Semi-soft coking coal |
903 |
-21% |
-4% |
1,839 |
-16% |
Thermal coal |
5,581 |
-5% |
-4% |
11,388 |
+6% |
|
|
|
|
|
|
Rio Tinto Coal Mozambique |
|
|
|
|
|
Hard coking coal |
187 |
+31% |
+216% |
246 |
-3% |
Thermal coal |
176 |
+34% |
+229% |
230 |
-4% |
Hard coking coal production in Australia was ten per cent higher than the first half of 2013. This was largely driven by increased coal production at the Kestrel mine, where the coal handling preparation plant had been shut for upgrade works in the first half of 2013 as part of the extension project completed later that year.
Semi-soft coking coal production was 16 per cent lower than the first half of 2013 and 21 per cent lower than the second quarter of 2013. This reflects changes in the production mix to maximise higher margin thermal coal.
Australian thermal coal production increased by six per cent compared with the first half of 2013 due to productivity gains in the Hunter Valley and additional production from a processing plant by-product stream at Hail Creek. This was partially offset by the absence of production from Clermont following completion of the divestment of Rio Tinto's 50.1 per cent interest in the mine in the second quarter 2014.
First half production in Mozambique was affected by rail and port constraints, as well as stoppages and operational changes in the first quarter. Second quarter production was stronger than the same period of last year due to productivity and yield improvements.
Uranium
Rio Tinto share of production (000 lbs)
|
Q2 2014 |
vs Q2 2013 |
vs Q1 2014 |
H1 2014 |
vs H1 2013 |
Energy Resources of Australia |
0 |
-100% |
N/A |
0 |
-100% |
Rössing |
455 |
-53% |
-29% |
1,099 |
-44% |
The progressive restart of processing operations at ERA began on 5 June following the receipt of all necessary regulatory approvals. Processing operations had been suspended since December 2013 following the failure of a leach tank.
First half production at Rössing was 44 per cent lower than in the first half of 2013. This was the result of reduced mill throughput and recoveries in the first quarter following the temporary plant stoppage caused by a leach tank failure in December 2013, along with a planned maintenance shutdown in the second quarter.
2014 production guidance
Rio Tinto is increasing its expected share of thermal coal production to 17.5 million tonnes (previously 16.7 million tonnes). This follows a change in the production profile to produce additional higher margin thermal coal from a processing plant by-product stream at Hail Creek. As a result of this change and lower than expected production during the ramp up at Kestrel, Australian hard coking coal production has decreased to 7.4 million tonnes (previously 8.2 million tonnes). Semi-soft coking coal production guidance remains unchanged at 3.0 million tonnes.
Rio Tinto's share of uranium production across Rössing and ERA in 2014 is expected to be between 4.3 and 5.1 million pounds. This follows operational changes at Rössing in response to current market conditions. Progression to full processing capacity at ERA is anticipated in the third quarter.
DIAMONDS & MINERALS
Rio Tinto share of production
|
Q2 2014 |
vs Q2 2013 |
vs Q1 2014 |
H1 2014 |
vs H1 2013 |
Diamonds (000 carats) |
|
|
|
|
|
Argyle |
2,459 |
-21% |
0% |
4,920 |
-4% |
Diavik |
1,290 |
+38% |
+15% |
2,409 |
+15% |
Murowa |
83 |
+21% |
+20% |
152 |
+4% |
|
|
|
|
|
|
Minerals (000 tonnes) |
|
|
|
|
|
Borates - B2O3 content |
133 |
-3% |
+6% |
259 |
+4% |
Titanium dioxide feedstock |
372 |
-19% |
-4% |
762 |
-14% |
|
|
|
|
|
|
Salt (000 tonnes) |
1,788 |
+7% |
+13% |
3,374 |
+4% |
Diamonds
At Argyle, carats recovered were four per cent lower than the first half of 2013 reflecting the move from open pit to underground mining and the processing of lower grade tailings in the first quarter of 2014 as underground production ramped up. The underground project remains on track, with the second crusher being commissioned in July this year.
Diavik had a strong operational performance in the first half with a 15 per cent increase in carats produced compared to the corresponding period of 2013. This was due to improvements in mining rates, with all three pipes in full production, as well as processing plant improvements implemented over the past six months. These improvements enabled a strong second quarter of production, 15 per cent higher than the first quarter.
First half carats recovered at Murowa were four per cent higher than the first half of 2013 due to improved throughput and processing previously stockpiled material.
Minerals
Borates production in the first half was four per cent higher than the same period in 2013 in response to higher sales demand in the half and in preparation for the commissioning of the new modified direct dissolving of kernite (MDDK) process plant in the third quarter of 2014. Production in the second quarter was six per cent higher than the first quarter following stronger sales demand.
Rio Tinto Iron and Titanium (RTIT)
Titanium dioxide feedstock production was 14 per cent lower than the first half of 2013 reflecting soft market demand. Production continues to be optimised to align with market demand and, as a result, the planned rebuild of one of nine furnaces at Rio Tinto Fer et Titane (RTFT) remains postponed. Second quarter production in 2014 was four per cent lower than the first quarter as production was reduced to match shipments of chloride feedstock.
Salt
First half production of salt was four per cent higher than the same period of 2013 due to productivity improvements and better weather conditions.
2014 production guidance
2014 production guidance is unchanged. Rio Tinto's share of production is expected to be 1.5 million tonnes of titanium dioxide feedstocks, 0.5 million tonnes of boric oxide equivalent and 16 million carats of diamonds.
CORPORATE
On 7 April, Rio Tinto announced that it had gifted its 19.1 per cent shareholding in Northern Dynasty Minerals Ltd, owner of the Pebble Project, to two local Alaskan charitable foundations committed to educational, vocational and cultural programmes. The decision followed a strategic review which concluded that the Pebble Project did not fit with Rio Tinto's strategy.
On 26 May, Rio Tinto and its partners, Chinalco and the International Finance Corporation, signed the Investment Framework with the Government of Guinea for blocks 3 and 4 of the Simandou project. This marked a significant milestone, providing the legal and commercial foundation for the project. The Investment Framework was ratified by the Guinean National Assembly in June 2014, followed by the Supreme Court review and the Presidential promulgation. The project partners are continuing to work towards the development of a bankable feasibility study which is due to be completed within approximately one year.
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 2014 was $340 million compared with $542 million in 2013, sustaining the savings achieved in the first half of 2013 whilst continuing to progress the highest priority projects.
In the half, approximately 35 per cent was incurred by the Copper Group, four per cent by Iron Ore, 20 per cent by Energy, 17 per cent by Diamonds and Minerals, one per cent by Aluminium and the balance by Central Exploration.
There were no significant divestments of central exploration properties in the first half of 2014 or 2013.
Exploration highlights
Iron Ore
In the Pilbara, Western Australia, data processing and interpretation of airborne geophysical surveys continued. In Botswana, a drilling programme continued.
Copper
In the United States, field mapping, sampling and drilling continued across copper projects in Utah, Arizona and Montana. In South America, field reconnaissance, sampling and drilling occurred across projects in Chile and Peru. In Zambia, mapping and ground geophysical surveys were undertaken. In China, CRTX, the Chinalco Rio Tinto Exploration Joint Venture, commenced field mapping and geophysical surveys.
Nickel
In Canada, field mapping and drilling commenced targeting nickel sulphides.
Bauxite
In Brazil, field mapping and drilling continued across several targets. In Laos, exploration continued with bulk sampling and interpretation of geophysical results.
Coal
In the Bowen Basin (Queensland, Australia), field activities included mapping and ground geophysics.
Uranium
In the Athabasca, Canada, interpretation and geological modelling progressed on a number of targets drilled during the winter.
Diamonds
In India, gravel sampling and ground geophysical surveys continued.
Heavy Mineral Sands
In Gabon, auger drilling commenced over heavy mineral sands target areas.
A summary of activity for the period is as follows:
Product Group |
Evaluation projects |
Advanced projects |
Greenfield programmes |
Aluminium |
Amargosa, Brazil; Cape York, Australia |
Amargosa orbit, Brazil |
Australia, Brazil, Laos |
Copper |
Copper/molybdenum: Resolution, US Copper: La Granja, Peru Copper/gold: Oyu Tolgoi, Mongolia |
Nickel: Tamarack, US |
Copper: Australia, US, Chile, Peru, Zambia, Russia, Kazakhstan, Uzbekistan, Mongolia, China |
Diamonds & Minerals |
Diamonds: Bunder, India Lithium borates: Jadar, Serbia Heavy mineral sands: Mutamba, Mozambique |
|
Diamonds: India Heavy mineral sands: Gabon |
Energy |
Coal: Mt Pleasant, Australia Uranium: Ranger 3 Deeps, Australia Roughrider, Canada Rössing Z20, Namibia |
Coal: Bowen Basin, Australia |
Uranium: Canada, US, Australia |
Iron Ore |
Simandou, Guinea Pilbara, Australia |
Pilbara, Australia |
Botswana |
Mine-lease exploration continued at a number of Rio Tinto businesses including: Pilbara Iron, Rio Tinto Coal Australia, Richards Bay, Oyu Tolgoi, Resolution, Roughrider and Sweetwater.
Contacts
[email protected]
www.riotinto.com
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Media Relations, EMEA/AmericasIlltud Harri T +44 20 7781 1152 M +44 7920 503 600 David Outhwaite T +44 20 7781 1623 M +44 7787 597 493 Investor Relations, EMEA/AmericasMark Shannon T +44 20 7781 1178 M +44 7917 576597 David Ovington T +44 20 7781 2051 M +44 7920 010 978 Grant Donald T +44 20 7781 1262 M +44 7920 587 805 |
Media Relations, Australia/AsiaDavid Luff T +61 3 9283 3620 M +61 419 850 205 Bruce Tobin T +61 3 9283 3612 M +61 419 103 454 Investor Relations, Australia/AsiaChristopher Maitland T +61 3 9283 3063 M +61 459 800 131
Rachel Storrs T +61 3 9283 3628 M +61 417 401 018 Galina Rogova T +852 2839 9208 M +852 6978 3011 |
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Rio Tinto plc2 Eastbourne Terrace London W2 6LG United Kingdom T +44 20 7781 2000
Registered in England No. 719885 |
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Rio Tinto production summary |
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Rio Tinto share of production |
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Quarter |
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Half Year |
|
% Change |
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2013
Q2 |
2014
Q1 |
2014
Q2 |
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2013
H1 |
2014
H1 |
|
Q2 14
vs
Q2 13 |
Q2 14
vs
Q1 14 |
H1 14
vs
H1 13 |
Principal Commodities |
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|
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Alumina |
('000 t) |
2,246 |
2,392 |
1,934 |
|
4,432 |
4,326 |
|
-14% |
-19% |
-2% |
Aluminium |
('000 t) |
843 |
832 |
839 |
|
1,677 |
1,671 |
|
0% |
1% |
0% |
Bauxite |
('000 t) |
10,960 |
10,044 |
10,144 |
|
20,522 |
20,188 |
|
-7% |
1% |
-2% |
Borates |
('000 t) |
137 |
126 |
133 |
|
248 |
259 |
|
-3% |
6% |
4% |
Coal - hard coking |
('000 t) |
1,902 |
1,874 |
2,015 |
|
3,552 |
3,888 |
|
6% |
8% |
9% |
Coal - semi-soft coking |
('000 t) |
1,147 |
936 |
903 |
|
2,186 |
1,839 |
|
-21% |
-4% |
-16% |
Coal - thermal |
('000 t) |
5,978 |
5,860 |
5,758 |
|
11,030 |
11,618 |
|
-4% |
-2% |
5% |
Copper - mined |
('000 t) |
129.2 |
158.2 |
164.8 |
|
263.0 |
323.0 |
|
28% |
4% |
23% |
Copper - refined |
('000 t) |
63.0 |
75.8 |
94.6 |
|
135.9 |
170.4 |
|
50% |
25% |
25% |
Diamonds |
('000 cts) |
4,135 |
3,650 |
3,832 |
|
7,370 |
7,482 |
|
-7% |
5% |
2% |
Iron ore |
('000 t) |
51,829 |
52,339 |
57,530 |
|
100,079 |
109,869 |
|
11% |
10% |
10% |
Titanium dioxide feedstock |
('000 t) |
461 |
389 |
372 |
|
888 |
762 |
|
-19% |
-4% |
-14% |
Uranium |
('000 lbs) |
2,408 |
644 |
455 |
|
4,744 |
1,099 |
|
-81% |
-29% |
-77% |
Other Metals & Minerals |
|
|
|
|
|
|
|
|
|
|
|
Gold - mined |
('000 oz) |
45 |
94 |
123 |
|
99 |
217 |
|
171% |
31% |
119% |
Gold - refined |
('000 oz) |
44 |
62 |
60 |
|
104 |
122 |
|
35% |
-4% |
17% |
Molybdenum |
('000 t) |
0.9 |
0.9 |
2.5 |
|
2.7 |
3.4 |
|
177% |
162% |
27% |
Salt |
('000 t) |
1,670 |
1,586 |
1,788 |
|
3,255 |
3,374 |
|
7% |
13% |
4% |
Silver - mined |
('000 oz) |
766 |
1,197 |
1,372 |
|
1,690 |
2,569 |
|
79% |
15% |
52% |
Silver - refined |
('000 oz) |
457 |
598 |
818 |
|
1,130 |
1,417 |
|
79% |
37% |
25% |
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
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
ALUMINA |
|
|
|
|
|
|
|
|
Production ('000 tonnes) |
|
|
|
|
|
|
|
|
Rio Tinto Alcan |
|
|
|
|
|
|
|
|
Jonquière (Vaudreuil) |
100% |
346 |
353 |
378 |
360 |
352 |
708 |
713 |
Queensland Alumina |
80% |
697 |
695 |
722 |
697 |
668 |
1,290 |
1,365 |
São Luis (Alumar) |
10% |
84 |
85 |
91 |
88 |
87 |
167 |
175 |
Yarwun |
100% |
620 |
608 |
696 |
683 |
661 |
1,143 |
1,344 |
Jonquière (Vaudreuil) specialty alumina plant |
100% |
30 |
25 |
23 |
26 |
27 |
55 |
53 |
Rio Tinto Alcan total |
|
1,776 |
1,764 |
1,909 |
1,856 |
1,795 |
3,363 |
3,650 |
Other Aluminium - Gove refinery (a) |
100% |
470 |
528 |
673 |
537 |
139 |
1,069 |
676 |
Rio Tinto total alumina production |
|
2,246 |
2,293 |
2,582 |
2,392 |
1,934 |
4,432 |
4,326 |
|
|
|
|
|
|
|
|
|
ALUMINIUM |
|
|
|
|
|
|
|
|
Production ('000 tonnes) |
|
|
|
|
|
|
|
|
Rio Tinto Alcan |
|
|
|
|
|
|
|
|
Australia - Bell Bay |
100% |
47 |
47 |
47 |
46 |
47 |
93 |
93 |
Australia - Boyne Island |
59% |
83 |
84 |
83 |
76 |
81 |
166 |
157 |
Australia - Tomago |
52% |
69 |
71 |
72 |
70 |
71 |
138 |
142 |
Cameroon - Alucam (Edéa) |
47% |
8 |
11 |
11 |
11 |
11 |
13 |
22 |
Canada - seven wholly owned (b) (c) |
100% |
338 |
335 |
331 |
322 |
320 |
667 |
642 |
Canada - Alouette (Sept-Îles) |
40% |
58 |
57 |
59 |
58 |
58 |
117 |
116 |
Canada - Bécancour |
25% |
27 |
28 |
27 |
28 |
28 |
54 |
56 |
France - Dunquerque |
100% |
60 |
66 |
68 |
67 |
67 |
124 |
134 |
Iceland - ISAL (Reykjavik) |
100% |
50 |
49 |
49 |
50 |
52 |
99 |
102 |
New Zealand - Tiwai Point |
79% |
62 |
64 |
66 |
64 |
65 |
127 |
129 |
Norway - SØRAL (Husnes) (d) |
50% |
11 |
11 |
12 |
11 |
11 |
22 |
23 |
Oman - Sohar |
20% |
18 |
18 |
17 |
18 |
18 |
36 |
36 |
UK - Lochaber |
100% |
11 |
11 |
11 |
10 |
10 |
23 |
20 |
Rio Tinto total aluminium production |
|
843 |
853 |
853 |
832 |
839 |
1,677 |
1,671 |
|
|
|
|
|
|
|
|
|
BAUXITE |
|
|
|
|
|
|
|
|
Production ('000 tonnes) (e) |
|
|
|
|
|
|
|
|
Rio Tinto Alcan |
|
|
|
|
|
|
|
|
Gove |
100% |
1,857 |
1,983 |
2,271 |
1,804 |
1,426 |
3,775 |
3,230 |
Porto Trombetas |
12% |
473 |
506 |
525 |
438 |
470 |
857 |
908 |
Sangaredi |
(f) |
1,831 |
1,790 |
1,848 |
1,686 |
1,885 |
3,308 |
3,571 |
Weipa |
100% |
6,800 |
6,971 |
6,787 |
6,116 |
6,363 |
12,583 |
12,479 |
Rio Tinto total bauxite production |
|
10,960 |
11,250 |
11,432 |
10,044 |
10,144 |
20,522 |
20,188 |
Rio Tinto share of production |
|
|
|
|
|
Rio Tinto
interest |
2Q
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
BORATES |
|
|
|
|
|
|
|
|
Production ('000 tonnes B2O3 content) |
|
|
|
|
|
|
|
|
Rio Tinto Minerals - borates |
100% |
137 |
127 |
121 |
126 |
133 |
248 |
259 |
|
|
|
|
|
|
|
|
|
COAL - hard coking |
|
|
|
|
|
|
|
|
Rio Tinto Coal Australia ('000 tonnes) |
|
|
|
|
|
|
|
|
Hail Creek Coal |
82% |
1,373 |
1,483 |
1,536 |
1,190 |
1,338 |
2,590 |
2,528 |
Kestrel Coal |
80% |
387 |
608 |
726 |
625 |
490 |
708 |
1,115 |
Total Rio Tinto Coal Australia hard coking coal |
|
1,759 |
2,091 |
2,262 |
1,814 |
1,828 |
3,298 |
3,642 |
Rio Tinto Coal Mozambique |
|
|
|
|
|
|
|
|
Benga |
65% |
143 |
162 |
148 |
59 |
187 |
254 |
246 |
Rio Tinto total hard coking coal production |
|
1,902 |
2,253 |
2,410 |
1,874 |
2,015 |
3,552 |
3,888 |
|
|
|
|
|
|
|
|
|
COAL - semi-soft coking |
|
|
|
|
|
|
|
|
Rio Tinto Coal Australia ('000 tonnes) |
|
|
|
|
|
|
|
|
Hunter Valley |
80% |
463 |
466 |
527 |
431 |
385 |
1,114 |
816 |
Mount Thorley |
64% |
364 |
241 |
305 |
355 |
365 |
635 |
719 |
Warkworth |
44% |
320 |
43 |
90 |
151 |
153 |
437 |
304 |
Rio Tinto total semi-soft coking coal production |
|
1,147 |
750 |
922 |
936 |
903 |
2,186 |
1,839 |
|
|
|
|
|
|
|
|
|
COAL - thermal |
|
|
|
|
|
|
|
|
Rio Tinto Coal Australia ('000 tonnes) |
|
|
|
|
|
|
|
|
Bengalla |
32% |
721 |
710 |
638 |
758 |
654 |
1,286 |
1,413 |
Clermont (g) |
0% |
1,524 |
1,753 |
1,496 |
1,286 |
1,135 |
2,654 |
2,421 |
Hail Creek Coal (h) |
82% |
- |
21 |
136 |
320 |
344 |
- |
664 |
Hunter Valley |
80% |
2,553 |
2,330 |
2,026 |
2,350 |
2,183 |
4,446 |
4,532 |
Kestrel Coal |
80% |
89 |
53 |
60 |
70 |
87 |
258 |
157 |
Mount Thorley |
64% |
413 |
263 |
350 |
382 |
425 |
895 |
807 |
Warkworth |
44% |
547 |
1,069 |
791 |
641 |
753 |
1,251 |
1,394 |
Total Rio Tinto Coal Australia thermal coal |
|
5,846 |
6,198 |
5,497 |
5,806 |
5,581 |
10,789 |
11,388 |
Rio Tinto Coal Mozambique |
|
|
|
|
|
|
|
|
Benga |
65% |
132 |
122 |
127 |
54 |
176 |
241 |
230 |
Rio Tinto total thermal coal production |
|
5,978 |
6,321 |
5,624 |
5,860 |
5,758 |
11,030 |
11,618 |
Rio Tinto share of production |
|
|
|
|
|
Rio Tinto
interest |
2Q
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
COPPER |
|
|
|
|
|
|
|
|
Mine production ('000 tonnes) (e) |
|
|
|
|
|
|
|
|
Bingham Canyon |
100% |
39.2 |
59.1 |
64.5 |
69.2 |
61.9 |
87.4 |
131.0 |
Escondida |
30% |
85.6 |
81.5 |
83.8 |
78.8 |
89.4 |
171.2 |
168.2 |
Grasberg - Joint Venture (i) |
40% |
0.0 |
0.0 |
6.3 |
1.7 |
1.5 |
0.0 |
3.2 |
Oyu Tolgoi (j) |
34% |
4.4 |
10.3 |
11.0 |
8.5 |
12.1 |
4.4 |
20.6 |
Rio Tinto total mine production |
|
129.2 |
150.9 |
165.6 |
158.2 |
164.8 |
263.0 |
323.0 |
Refined production ('000 tonnes) |
|
|
|
|
|
|
|
|
Escondida |
30% |
23.8 |
22.0 |
23.2 |
22.7 |
24.5 |
46.4 |
47.2 |
Kennecott Utah Copper |
100% |
39.2 |
46.3 |
57.7 |
53.1 |
70.1 |
89.5 |
123.2 |
Rio Tinto total refined production |
|
63.0 |
68.3 |
81.0 |
75.8 |
94.6 |
135.9 |
170.4 |
|
|
|
|
|
|
|
|
|
DIAMONDS |
|
|
|
|
|
|
|
|
Production ('000 carats) |
|
|
|
|
|
|
|
|
Argyle |
100% |
3,130 |
3,085 |
3,153 |
2,461 |
2,459 |
5,120 |
4,920 |
Diavik |
60% |
936 |
1,003 |
1,240 |
1,119 |
1,290 |
2,103 |
2,409 |
Murowa |
78% |
69 |
70 |
105 |
69 |
83 |
147 |
152 |
Rio Tinto total diamond production |
|
4,135 |
4,158 |
4,498 |
3,650 |
3,832 |
7,370 |
7,482 |
|
|
|
|
|
|
|
|
|
GOLD |
|
|
|
|
|
|
|
|
Mine production ('000 ounces) (e) |
|
|
|
|
|
|
|
|
Barneys Canyon |
100% |
0.4 |
0.0 |
0.0 |
0.0 |
0.4 |
0.4 |
0.4 |
Bingham Canyon |
100% |
31 |
56 |
74 |
63 |
77 |
77 |
140 |
Escondida |
30% |
7 |
7 |
7 |
9 |
8 |
14 |
17 |
Grasberg - Joint Venture (i) |
40% |
0.0 |
0.0 |
0.0 |
0.4 |
0.3 |
0.0 |
0.7 |
Oyu Tolgoi (j) |
34% |
7 |
21 |
25 |
22 |
38 |
7 |
60 |
Rio Tinto total mine production |
|
45 |
83 |
106 |
94 |
123 |
99 |
217 |
Refined production ('000 ounces) |
|
|
|
|
|
|
|
|
Kennecott Utah Copper |
100% |
44 |
40 |
48 |
62 |
60 |
104 |
122 |
Rio Tinto share of production |
|
|
|
|
|
Rio Tinto
interest |
2Q
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
IRON ORE |
|
|
|
|
|
|
|
|
Production ('000 tonnes) (e) |
|
|
|
|
|
|
|
|
Hamersley - six wholly owned mines |
100% |
32,946 |
33,707 |
35,868 |
33,898 |
37,018 |
63,720 |
70,916 |
Hamersley - Channar |
60% |
1,742 |
1,528 |
1,615 |
1,642 |
1,642 |
3,485 |
3,284 |
Hamersley - Eastern Range |
(k) |
2,460 |
2,571 |
2,513 |
2,447 |
2,725 |
4,968 |
5,172 |
Hope Downs |
50% |
3,965 |
4,504 |
4,556 |
4,780 |
5,093 |
7,834 |
9,873 |
Iron Ore Company of Canada |
59% |
2,341 |
2,353 |
2,321 |
1,764 |
2,365 |
4,350 |
4,129 |
Robe River |
53% |
8,375 |
8,714 |
8,637 |
7,808 |
8,687 |
15,722 |
16,495 |
Rio Tinto total iron ore production |
|
51,829 |
53,377 |
55,510 |
52,339 |
57,530 |
100,079 |
109,869 |
Breakdown: |
|
|
|
|
|
|
|
|
Pilbara Blend Lump |
|
13,217 |
13,269 |
13,665 |
13,251 |
14,541 |
25,213 |
27,792 |
Pilbara Blend Fines |
|
18,572 |
19,237 |
20,480 |
19,616 |
22,669 |
36,753 |
42,285 |
Robe Valley Lump |
|
1,387 |
1,658 |
1,631 |
1,413 |
1,517 |
2,639 |
2,930 |
Robe Valley Fines |
|
3,039 |
3,066 |
2,960 |
2,916 |
3,012 |
5,700 |
5,928 |
Yandicoogina Fines (HIY) |
|
13,272 |
13,795 |
14,453 |
13,379 |
13,426 |
25,422 |
26,805 |
IOC Concentrate |
|
1,086 |
1,048 |
1,057 |
629 |
1,130 |
1,883 |
1,758 |
IOC Pellets |
|
1,255 |
1,305 |
1,264 |
1,136 |
1,235 |
2,468 |
2,371 |
|
|
|
|
|
|
|
|
|
MOLYBDENUM |
|
|
|
|
|
|
|
|
Mine production ('000 tonnes) (e) |
|
|
|
|
|
|
|
|
Bingham Canyon |
100% |
0.9 |
1.2 |
1.8 |
0.9 |
2.5 |
2.7 |
3.4 |
|
|
|
|
|
|
|
|
|
SALT |
|
|
|
|
|
|
|
|
Production ('000 tonnes) |
|
|
|
|
|
|
|
|
Dampier Salt |
68% |
1,670 |
1,586 |
1,886 |
1,586 |
1,788 |
3,255 |
3,374 |
|
|
|
|
|
|
|
|
|
SILVER |
|
|
|
|
|
|
|
|
Mine production ('000 ounces) (e) |
|
|
|
|
|
|
|
|
Bingham Canyon |
100% |
431 |
852 |
930 |
744 |
864 |
1,094 |
1,608 |
Escondida |
30% |
306 |
305 |
337 |
398 |
432 |
567 |
829 |
Grasberg - Joint Venture (i) |
40% |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Oyu Tolgoi (j) |
34% |
28 |
66 |
70 |
54 |
77 |
28 |
131 |
Rio Tinto total mine production |
|
766 |
1,223 |
1,337 |
1,197 |
1,372 |
1,690 |
2,569 |
Refined production ('000 ounces) |
|
|
|
|
|
|
|
|
Kennecott Utah Copper |
100% |
457 |
395 |
633 |
598 |
818 |
1,130 |
1,417 |
|
|
|
|
|
|
|
|
|
TITANIUM DIOXIDE FEEDSTOCK |
|
|
|
|
|
|
|
|
Production ('000 tonnes) |
|
|
|
|
|
|
|
|
Rio Tinto Iron & Titanium (l) |
100% |
461 |
373 |
361 |
389 |
372 |
888 |
762 |
Rio Tinto share of production |
|
|
|
|
|
Rio Tinto
interest |
2Q
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
URANIUM |
|
|
|
|
|
|
|
|
Production ('000 lbs U3O8) |
|
|
|
|
|
|
|
|
Energy Resources of Australia (m) |
68% |
1,433 |
920 |
758 |
0 |
0 |
2,785 |
0 |
Rössing |
69% |
976 |
948 |
735 |
644 |
455 |
1,959 |
1,099 |
Rio Tinto total uranium production |
|
2,408 |
1,868 |
1,493 |
644 |
455 |
4,744 |
1,099 |
|
|
|
|
|
|
|
|
|
Production data notes: |
(a) The curtailment of production at the Gove refinery was completed on 28 May 2014. |
(b) The Shawinigan smelter ceased production on 29 November 2013. |
(c) Rio Tinto started production at the Arvida AP60 Technology Centre in the fourth quarter of 2013. |
(d) On 3 July 2014, Rio Tinto Alcan reached a binding agreement for the sale of its 50% interest in the SØRAL (Husnes) smelter. |
(e) 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 concentrates and pellets. |
(f) Rio Tinto has a 22.95% shareholding in the Sangaredi mine but benefits from 45.0% of production. |
(g) Rio Tinto sold its 50.1% interest in the Clermont mine with an effective date of 29 May 2014. Production is shown up to that date |
(h) Hail Creek commenced production of thermal coal from reprocessed coking coal reject following completion of a successful trial in the third quarter of 2013. |
(i) 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. |
(j) Rio Tinto owns a 33.52% indirect interest in Oyu Tolgoi through its 50.79% interest in Turquoise Hill Resources Ltd. Production included in the table is from 1 May 2013. |
(k) 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. |
(l) Quantities comprise 100% of Rio Tinto Fer et Titane and Rio Tinto's 74% interest in Richards Bay Minerals (RBM). |
(m) ERA production has been restated from 'produced ready for packing' to 'drummed' U3O8, in line with production reported by Energy Resources of Australia Ltd to the Australian Stock Exchange (ASX). |
|
|
|
|
|
|
|
|
|
The Rio Tinto percentage shown above is at 30 June 2014. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rio Tinto's interest in the Northparkes and Palabora mines and the Saint-Jean-de-Maurienne and Sebree smelters were sold in 2013. No data for these operations are included in the Share of Production table. |
Rio Tinto operational data |
|
|
|
|
|
Rio Tinto
interest |
2Q
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
ALUMINIUM |
|
|
|
|
|
|
|
|
Rio Tinto Alcan - Bauxite |
|
|
|
|
|
|
|
|
Bauxite production ('000 tonnes) |
|
|
|
|
|
|
|
|
Australia |
|
|
|
|
|
|
|
|
Gove mine - Northern Territory |
100.0% |
1,857 |
1,983 |
2,271 |
1,804 |
1,426 |
3,775 |
3,230 |
Weipa mine - Queensland |
100.0% |
6,800 |
6,971 |
6,787 |
6,116 |
6,363 |
12,583 |
12,479 |
Brazil |
|
|
|
|
|
|
|
|
Porto Trombetas (MRN) mine |
12.0% |
3,941 |
4,214 |
4,376 |
3,649 |
3,918 |
7,139 |
7,567 |
Guinea |
|
|
|
|
|
|
|
|
Sangaredi mine (a) |
23.0% |
4,070 |
3,978 |
4,107 |
3,747 |
4,189 |
7,352 |
7,937 |
|
|
|
|
|
|
|
|
|
Rio Tinto Alcan share of bauxite shipments |
|
|
|
|
|
|
|
|
Share of bauxite shipments ('000 tonnes) |
|
11,148 |
11,166 |
11,268 |
9,829 |
10,065 |
20,529 |
19,895 |
(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% |
872 |
868 |
903 |
872 |
835 |
1,613 |
1,706 |
Yarwun refinery - Queensland |
100.0% |
620 |
608 |
696 |
683 |
661 |
1,143 |
1,344 |
Brazil |
|
|
|
|
|
|
|
|
São Luis (Alumar) refinery |
10.0% |
836 |
848 |
908 |
882 |
865 |
1,669 |
1,747 |
Canada |
|
|
|
|
|
|
|
|
Jonquière (Vaudreuil) refinery - Quebec (a) |
100.0% |
346 |
353 |
378 |
360 |
352 |
708 |
713 |
(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 2014. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
Rio Tinto
interest |
2Q
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
ALUMINIUM (continued) |
|
|
|
|
|
|
|
|
Rio Tinto Alcan - Specialty Alumina |
|
|
|
|
|
|
|
|
Specialty alumina production ('000 tonnes) |
|
|
|
|
|
|
|
|
Canada |
|
|
|
|
|
|
|
|
Jonquière (Vaudreuil) plant - Quebec |
100.0% |
30 |
25 |
23 |
26 |
27 |
55 |
53 |
Rio Tinto Alcan - Primary Aluminium |
|
|
|
|
|
|
|
|
Primary aluminium production ('000 tonnes) |
|
|
|
|
|
|
|
|
Australia |
|
|
|
|
|
|
|
|
Bell Bay smelter - Tasmania |
100.0% |
47 |
47 |
47 |
46 |
47 |
93 |
93 |
Boyne Island smelter - Queensland |
59.4% |
140 |
142 |
139 |
129 |
136 |
280 |
265 |
Tomago smelter - New South Wales |
51.6% |
134 |
139 |
139 |
136 |
139 |
267 |
275 |
Cameroon |
|
|
|
|
|
|
|
|
Alucam (Edéa) smelter |
46.7% |
16 |
24 |
24 |
24 |
23 |
28 |
47 |
Canada |
|
|
|
|
|
|
|
|
Alma smelter - Quebec |
100.0% |
110 |
111 |
113 |
112 |
111 |
216 |
223 |
Alouette (Sept-Îles) smelter - Quebec |
40.0% |
146 |
143 |
147 |
144 |
145 |
293 |
290 |
Arvida smelter - Quebec |
100.0% |
44 |
45 |
43 |
42 |
43 |
87 |
85 |
Arvida AP60 smelter - Quebec (a) |
100.0% |
- |
- |
9 |
14 |
15 |
- |
29 |
Bécancour smelter - Quebec |
25.1% |
108 |
110 |
109 |
111 |
111 |
215 |
222 |
Grande-Baie smelter - Quebec |
100.0% |
56 |
56 |
56 |
56 |
55 |
111 |
111 |
Kitimat smelter - British Columbia |
100.0% |
44 |
42 |
40 |
38 |
35 |
89 |
73 |
Laterrière smelter - Quebec |
100.0% |
60 |
62 |
61 |
60 |
61 |
116 |
121 |
Shawinigan smelter - Quebec (b) |
100.0% |
24 |
20 |
7 |
- |
- |
47 |
- |
France |
|
|
|
|
|
|
|
|
Dunkerque smelter |
100.0% |
60 |
66 |
68 |
67 |
67 |
124 |
134 |
Saint-Jean-de-Maurienne smelter (c) |
0.0% |
23 |
24 |
16 |
- |
- |
45 |
- |
Iceland |
|
|
|
|
|
|
|
|
ISAL (Reykjavik) smelter |
100.0% |
50 |
49 |
49 |
50 |
52 |
99 |
102 |
New Zealand |
|
|
|
|
|
|
|
|
Tiwai Point smelter |
79.4% |
78 |
81 |
83 |
81 |
82 |
160 |
163 |
Norway |
|
|
|
|
|
|
|
|
SØRAL (Husnes) smelter (d) |
50.0% |
22 |
22 |
23 |
23 |
23 |
44 |
45 |
Oman |
|
|
|
|
|
|
|
|
Sohar smelter |
20.0% |
91 |
89 |
85 |
88 |
91 |
180 |
178 |
United Kingdom |
|
|
|
|
|
|
|
|
Lochaber smelter |
100.0% |
11 |
11 |
11 |
10 |
10 |
23 |
20 |
(a) Rio Tinto started production at the Arvida AP60 Technology Centre in the fourth quarter of 2013.
(b) The Shawinigan smelter ceased production on 29 November 2013.
(c) Rio Tinto sold its 100% interest in the Saint-Jean-de-Maurienne smelter with an effective date of 16 December 2013. Production is shown up to that date.
(d) On 3 July 2014, Rio Tinto Alcan reached a binding agreement for the sale of its 50% interest in the SØRAL (Husnes) smelter.
|
Rio Tinto percentage interest shown above is at 30 June 2014. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
Rio Tinto
interest |
2Q
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
ALUMINIUM (continued) |
|
|
|
|
|
|
|
|
Other Aluminium - Smelter Grade Alumina |
|
|
|
|
|
|
|
|
Alumina production ('000 tonnes) |
|
|
|
|
|
|
|
|
Australia |
|
|
|
|
|
|
|
|
Gove refinery - Northern Territory (a) |
100.0% |
470 |
528 |
673 |
537 |
139 |
1,069 |
676 |
Other Aluminium - Primary Aluminium |
|
|
|
|
|
|
|
|
Primary aluminium production ('000 tonnes) |
|
|
|
|
|
|
|
|
USA |
|
|
|
|
|
|
|
|
Sebree smelter - Kentucky (b) |
0.0% |
35 |
- |
- |
- |
- |
87 |
- |
(a) The curtailment of production at the Gove refinery was completed on 28 May 2014.
(b) 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 2014. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
Rio Tinto
interest |
2Q
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
BORATES |
|
|
|
|
|
|
|
|
Rio Tinto Minerals - borates |
100.0% |
|
|
|
|
|
|
|
US and Argentina |
|
|
|
|
|
|
|
|
Borates ('000 tonnes) (a) |
|
137 |
127 |
121 |
126 |
133 |
248 |
259 |
(a) Production is expressed as B2O3 content.
|
|
|
|
|
|
|
|
|
|
COAL |
|
|
|
|
|
|
|
|
Rio Tinto Coal Australia |
|
|
|
|
|
|
|
|
Bengalla mine |
32.0% |
|
|
|
|
|
|
|
New South Wales |
|
|
|
|
|
|
|
|
Thermal coal ('000 tonnes) |
|
2,254 |
2,220 |
1,992 |
2,369 |
2,045 |
4,019 |
4,414 |
Clermont Coal mine (a) |
0.0% |
|
|
|
|
|
|
|
Queensland |
|
|
|
|
|
|
|
|
Thermal coal ('000 tonnes) |
|
3,041 |
3,499 |
2,986 |
2,567 |
2,265 |
5,297 |
4,832 |
Hail Creek Coal mine |
82.0% |
|
|
|
|
|
|
|
Queensland |
|
|
|
|
|
|
|
|
Hard coking coal ('000 tonnes) |
|
1,674 |
1,808 |
1,873 |
1,451 |
1,631 |
3,158 |
3,082 |
Thermal coal ('000 tonnes) (b) |
|
- |
25 |
166 |
390 |
420 |
- |
810 |
Hunter Valley Operations |
80.0% |
|
|
|
|
|
|
|
New South Wales |
|
|
|
|
|
|
|
|
Semi-soft coking coal ('000 tonnes) |
|
579 |
582 |
659 |
539 |
481 |
1,393 |
1,020 |
Thermal coal ('000 tonnes) |
|
3,191 |
2,912 |
2,533 |
2,937 |
2,728 |
5,557 |
5,665 |
Kestrel Coal mine |
80.0% |
|
|
|
|
|
|
|
Queensland |
|
|
|
|
|
|
|
|
Hard coking coal ('000 tonnes) |
|
483 |
760 |
908 |
781 |
613 |
885 |
1,393 |
Thermal coal ('000 tonnes) |
|
111 |
66 |
75 |
88 |
109 |
322 |
197 |
Mount Thorley Operations |
64.0% |
|
|
|
|
|
|
|
New South Wales |
|
|
|
|
|
|
|
|
Semi-soft coking coal ('000 tonnes) |
|
569 |
377 |
477 |
554 |
570 |
992 |
1,124 |
Thermal coal ('000 tonnes) |
|
645 |
411 |
547 |
596 |
665 |
1,399 |
1,261 |
Rio Tinto percentage interest shown above is at 30 June 2014. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
Rio Tinto
interest |
2Q
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
COAL (continued) |
|
|
|
|
|
|
|
|
Warkworth mine |
44.5% |
|
|
|
|
|
|
|
New South Wales |
|
|
|
|
|
|
|
|
Semi-soft coking coal ('000 tonnes) |
|
719 |
96 |
202 |
339 |
345 |
982 |
683 |
Thermal coal ('000 tonnes) |
|
1,229 |
2,403 |
1,779 |
1,439 |
1,692 |
2,813 |
3,132 |
Total hard coking coal production ('000 tonnes) |
|
2,157 |
2,568 |
2,780 |
2,232 |
2,244 |
4,044 |
4,476 |
Total semi-soft coking coal production ('000 tonnes) |
|
1,867 |
1,055 |
1,338 |
1,431 |
1,395 |
3,368 |
2,827 |
Total thermal coal production ('000 tonnes) |
|
10,472 |
11,537 |
10,078 |
10,387 |
9,924 |
19,407 |
20,311 |
Total coal production ('000 tonnes) |
|
14,496 |
15,161 |
14,196 |
14,050 |
13,563 |
26,819 |
27,613 |
|
|
|
|
|
|
|
|
|
Total coal sales ('000 tonnes) |
|
14,056 |
14,481 |
15,027 |
14,014 |
13,569 |
26,315 |
27,583 |
Rio Tinto Coal Australia share (c) |
|
|
|
|
|
|
|
|
Share of hard coking coal sales ('000 tonnes) |
|
1,776 |
1,846 |
2,289 |
1,990 |
2,152 |
3,311 |
4,143 |
Share of semi-soft coal sales ('000 tonnes) (d) |
|
981 |
806 |
1,048 |
820 |
803 |
2,096 |
1,623 |
Share of thermal coal sales ('000 tonnes) (d) |
|
5,682 |
5,952 |
5,750 |
5,827 |
5,447 |
10,614 |
11,275 |
(a) Rio Tinto sold its 50.1% interest in the Clermont mine with an effective date of 29 May 2014. Production is shown up to that date.
(b) Hail Creek commenced production of thermal coal from reprocessed coking coal reject following completion of a successful trial in the third quarter of 2013.
(c) Kestrel produces hard coking coal and thermal coal through its mining operations. These coals may be blended at ports.
(d) Sales relate only to coal mined by the operations and exclude traded coal.
|
Rio Tinto Coal Mozambique |
|
|
|
|
|
|
|
|
Benga mine |
65.0% |
|
|
|
|
|
|
|
Hard coking coal production ('000 tonnes) |
|
219 |
249 |
228 |
91 |
288 |
390 |
379 |
Thermal coal production ('000 tonnes) |
|
202 |
188 |
196 |
82 |
271 |
370 |
354 |
Rio Tinto percentage interest shown above is at 30 June 2014. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
Rio Tinto
interest |
2Q
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
COPPER & GOLD |
|
|
|
|
|
|
|
|
Escondida |
30.0% |
|
|
|
|
|
|
|
Chile |
|
|
|
|
|
|
|
|
Sulphide ore to concentrator ('000 tonnes) |
|
19,295 |
18,276 |
19,584 |
21,051 |
21,438 |
38,259 |
42,488 |
Average copper grade (%) |
|
1.42 |
1.37 |
1.30 |
1.12 |
1.33 |
1.43 |
1.23 |
Mill production (metals in concentrates): |
|
|
|
|
|
|
|
|
Contained copper ('000 tonnes) |
|
231.9 |
210.6 |
214.4 |
195.5 |
235.6 |
461.2 |
431.2 |
Contained gold ('000 ounces) |
|
24 |
22 |
24 |
29 |
27 |
48 |
55 |
Contained silver ('000 ounces) |
|
1,021 |
1,017 |
1,124 |
1,326 |
1,439 |
1,891 |
2,765 |
Recoverable copper in ore stacked for leaching ('000 tonnes) (a) |
53.5 |
61.0 |
64.9 |
67.1 |
62.3 |
109.4 |
129.4 |
Refined production from leach plants: |
|
|
|
|
|
|
|
|
Copper cathode production ('000 tonnes) |
|
79.3 |
73.2 |
77.5 |
75.8 |
81.5 |
154.7 |
157.3 |
(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) |
|
10,403 |
18,235 |
18,837 |
10,617 |
14,098 |
28,347 |
24,715 |
Average mill head grades: |
|
|
|
|
|
|
|
|
Copper (%) |
|
0.73 |
0.74 |
0.87 |
0.73 |
0.86 |
0.69 |
0.80 |
Gold (g/t) |
|
0.53 |
0.65 |
0.99 |
0.79 |
0.84 |
0.53 |
0.82 |
Silver (g/t) |
|
3.65 |
2.68 |
3.72 |
3.34 |
2.55 |
2.70 |
2.89 |
Production of metals in concentrates: |
|
|
|
|
|
|
|
|
Copper in concentrates ('000 tonnes) |
|
65.2 |
119.2 |
148.9 |
67.5 |
108.8 |
168.2 |
176.3 |
Gold in concentrates ('000 ounces) |
|
135 |
306 |
517 |
215 |
296 |
353 |
511 |
Silver in concentrates ('000 ounces) |
|
509 |
1,069 |
1,479 |
558 |
660 |
1,321 |
1,218 |
Sales of payable metals in concentrates: (c) |
|
|
|
|
|
|
|
|
Copper in concentrates ('000 tonnes) |
|
71.6 |
107.5 |
138.3 |
50.6 |
111.3 |
161.5 |
161.8 |
Gold in concentrates ('000 ounces) |
|
150 |
278 |
475 |
163 |
313 |
342 |
476 |
Silver in concentrates ('000 ounces) |
|
452 |
761 |
1,090 |
334 |
610 |
1,014 |
944 |
(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 2014 results show the forecast from FCX's most recent five-year plan, because FCX is not releasing its actual 100% operating data for 2Q 2014 until the release of its 2014 second-quarter results on 23 July 2014.
(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 2014. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
Rio Tinto
interest |
2Q
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
COPPER & GOLD (continued) |
|
|
|
|
|
|
|
|
Kennecott Utah Copper |
|
|
|
|
|
|
|
|
Barneys Canyon mine (a) |
100.0% |
|
|
|
|
|
|
|
Utah, US |
|
|
|
|
|
|
|
|
Gold produced ('000 ounces) |
|
0.4 |
0.0 |
0.0 |
0.0 |
0.4 |
0.4 |
0.4 |
Bingham Canyon mine |
100.0% |
|
|
|
|
|
|
|
Utah, US |
|
|
|
|
|
|
|
|
Ore treated ('000 tonnes) |
|
8,192 |
10,593 |
13,088 |
11,916 |
10,480 |
19,925 |
22,396 |
Average ore grade: |
|
|
|
|
|
|
|
|
Copper (%) |
|
0.54 |
0.62 |
0.56 |
0.65 |
0.65 |
0.50 |
0.65 |
Gold (g/t) |
|
0.15 |
0.22 |
0.28 |
0.25 |
0.33 |
0.17 |
0.29 |
Silver (g/t) |
|
2.18 |
4.16 |
3.12 |
2.62 |
3.26 |
2.32 |
2.92 |
Molybdenum (%) |
|
0.022 |
0.034 |
0.032 |
0.029 |
0.044 |
0.028 |
0.036 |
Copper concentrates produced ('000 tonnes) |
|
170 |
235 |
257 |
299 |
225 |
393 |
524 |
Average concentrate grade (% Cu) |
|
23.0 |
25.2 |
25.1 |
23.1 |
27.5 |
22.2 |
25.0 |
Production of metals in copper concentrates: |
|
|
|
|
|
|
|
|
Copper ('000 tonnes) (b) |
|
39.2 |
59.1 |
64.5 |
69.2 |
61.9 |
87.4 |
131.0 |
Gold ('000 ounces) |
|
31 |
56 |
74 |
63 |
77 |
77 |
140 |
Silver ('000 ounces) |
|
431 |
852 |
930 |
744 |
864 |
1,094 |
1,608 |
Molybdenum concentrates produced ('000 tonnes): |
|
1.7 |
2.4 |
3.5 |
1.9 |
4.6 |
5.2 |
6.5 |
Molybdenum in concentrates ('000 tonnes) |
|
0.9 |
1.2 |
1.8 |
0.9 |
2.5 |
2.7 |
3.4 |
(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) |
|
123 |
256 |
266 |
273 |
309 |
367 |
581 |
Copper anodes produced ('000 tonnes) (a) |
|
30.1 |
54.3 |
56.9 |
57.4 |
71.7 |
80.7 |
129.1 |
Production of refined metal: |
|
|
|
|
|
|
|
|
Copper ('000 tonnes) |
|
39.2 |
46.3 |
57.7 |
53.1 |
70.1 |
89.5 |
123.2 |
Gold ('000 ounces) (b) |
|
44 |
40 |
48 |
62 |
60 |
104 |
122 |
Silver ('000 ounces) (b) |
|
457 |
395 |
633 |
598 |
818 |
1,130 |
1,417 |
(a) New metal excluding recycled material.
(b) Includes gold and silver in intermediate products.
|
Rio Tinto percentage interest shown above is at 30 June 2014. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
Rio Tinto
interest |
2Q
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
COPPER & GOLD (continued) |
|
|
|
|
|
|
|
|
Northparkes Joint Venture (a) |
0.0% |
|
|
|
|
|
|
|
New South Wales, Australia |
|
|
|
|
|
|
|
|
Ore treated ('000 tonnes) |
|
1,542 |
1,528 |
989 |
- |
- |
2,960 |
- |
Average ore grade: |
|
|
|
|
|
|
|
|
Copper (%) |
|
1.02 |
1.04 |
1.03 |
- |
- |
1.04 |
- |
Gold (g/t) |
|
0.47 |
0.45 |
0.44 |
- |
- |
0.48 |
- |
Copper concentrates produced ('000 tonnes) |
|
42.8 |
44.2 |
27.1 |
- |
- |
82.4 |
- |
Contained copper in concentrates: |
|
|
|
|
|
|
|
|
Saleable production ('000 tonnes) |
|
14.0 |
14.3 |
9.0 |
- |
- |
27.3 |
- |
Sales ('000 tonnes) (b) |
|
11.3 |
8.9 |
11.6 |
- |
- |
21.9 |
- |
Contained gold in concentrates: |
|
|
|
|
|
|
|
|
Saleable production ('000 ounces) |
|
17 |
17 |
10 |
- |
- |
34 |
- |
Sales ('000 ounces) (b) |
|
13.4 |
11.0 |
14.1 |
- |
- |
28.3 |
- |
(a) Rio Tinto sold its 80% interest in Northparkes with an effective date of 1 December 2013. Production is shown up to that date.
(b) 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 |
8,052 |
7,835 |
5,560 |
7,778 |
4,430 |
13,338 |
Average mill head grades: |
|
|
|
|
|
|
|
|
Copper (%) |
|
0.42 |
0.47 |
0.49 |
0.52 |
0.53 |
0.42 |
0.52 |
Gold (g/t) |
|
0.27 |
0.36 |
0.41 |
0.49 |
0.60 |
0.27 |
0.55 |
Silver (g/t) |
|
1.31 |
1.39 |
1.44 |
1.52 |
1.57 |
1.31 |
1.55 |
Copper concentrates produced ('000 tonnes) |
|
50.2 |
110.3 |
129.5 |
102.9 |
140.0 |
50.2 |
242.9 |
Average concentrate grade (% Cu) |
|
26.1 |
27.7 |
25.4 |
24.6 |
25.8 |
26.1 |
25.3 |
Production of metals in concentrates: |
|
|
|
|
|
|
|
|
Copper in concentrates ('000 tonnes) |
|
13.1 |
30.6 |
32.9 |
25.3 |
36.2 |
13.1 |
61.5 |
Gold in concentrates ('000 ounces) |
|
21 |
62 |
74 |
66 |
113 |
21 |
179 |
Silver in concentrates ('000 ounces) |
|
85 |
196 |
208 |
163 |
229 |
85 |
391 |
Sales of metals in concentrates: |
|
|
|
|
|
|
|
|
Copper in concentrates ('000 tonnes) |
|
- |
- |
6.1 |
13.1 |
51.6 |
- |
64.7 |
Gold in concentrates ('000 ounces) |
|
- |
- |
10 |
28 |
126 |
- |
154 |
Silver in concentrates ('000 ounces) |
|
- |
- |
36 |
78 |
309 |
- |
387 |
(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 2014. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
Rio Tinto
interest |
2Q
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
COPPER & GOLD (continued) |
|
|
|
|
|
|
|
|
Palabora (a) |
0.0% |
|
|
|
|
|
|
|
Palabora Mine |
|
|
|
|
|
|
|
|
South Africa |
|
|
|
|
|
|
|
|
Ore Treated ('000 tonnes) |
|
2,221 |
- |
- |
- |
- |
4,360 |
- |
Average ore grade: copper (%) |
|
0.58 |
- |
- |
- |
- |
0.57 |
- |
Copper concentrates produced ('000 tonnes) |
|
47.7 |
- |
- |
- |
- |
83.2 |
- |
Average concentrate grade: copper (%) |
|
25.3 |
- |
- |
- |
- |
26.7 |
- |
Copper in concentrates ('000 tonnes) |
|
12.1 |
- |
- |
- |
- |
22.2 |
- |
Palabora smelter/refinery |
|
|
|
|
|
|
|
|
New concentrate smelted on site ('000 tonnes) |
|
57.1 |
- |
- |
- |
- |
111.3 |
- |
New copper anodes produced ('000 tonnes) |
|
13.2 |
- |
- |
- |
- |
27.3 |
- |
Refined new copper produced ('000 tonnes) |
|
12.9 |
- |
- |
- |
- |
25.8 |
- |
Gold in Anode Slimes ('000 tonnes) |
|
2.6 |
- |
- |
- |
- |
5.5 |
- |
By-products: |
|
|
|
|
|
|
|
|
Magnetite concentrate ('000 tonnes) |
|
1,482 |
- |
- |
- |
- |
2,628 |
- |
Nickel contained in products (tonnes) |
|
11 |
- |
- |
- |
- |
17 |
- |
Vermiculite plant |
|
|
|
|
|
|
|
|
Vermiculite produced ('000 tonnes) |
|
41 |
- |
- |
- |
- |
73 |
- |
(a) The sale of Rio Tinto's 57.7% interest in Palabora Mining Company was completed on 31 July 2013; production data have been reported up to 30 June 2013.
|
|
|
|
|
|
|
|
|
|
DIAMONDS |
|
|
|
|
|
|
|
|
Argyle Diamonds (a) |
100.0% |
|
|
|
|
|
|
|
Western Australia |
|
|
|
|
|
|
|
|
AK1 ore processed ('000 tonnes) |
|
1,929 |
2,088 |
1,728 |
724 |
712 |
3,462 |
1,435 |
AK1 diamonds produced ('000 carats) |
|
3,130 |
3,085 |
3,153 |
2,461 |
2,459 |
5,120 |
4,920 |
(a) Rio Tinto officially opened the Argyle underground mine on 30 April 2013.
|
Diavik Diamonds |
60.0% |
|
|
|
|
|
|
|
Northwest Territories, Canada |
|
|
|
|
|
|
|
|
Ore processed ('000 tonnes) |
|
526 |
548 |
539 |
587 |
617 |
1,029 |
1,204 |
Diamonds recovered ('000 carats) |
|
1,559 |
1,672 |
2,066 |
1,865 |
2,150 |
3,505 |
4,015 |
Murowa Diamonds |
77.8% |
|
|
|
|
|
|
|
Zimbabwe |
|
|
|
|
|
|
|
|
Ore processed ('000 tonnes) |
|
122 |
145 |
144 |
142 |
135 |
275 |
277 |
Diamonds recovered ('000 carats) |
|
88 |
90 |
135 |
89 |
107 |
189 |
196 |
Rio Tinto percentage interest shown above is at 30 June 2014. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
Rio Tinto
interest |
2Q
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
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% |
32,945 |
33,707 |
35,868 |
33,898 |
37,018 |
63,720 |
70,916 |
Hamersley - Channar |
60.0% |
2,904 |
2,546 |
2,692 |
2,737 |
2,736 |
5,809 |
5,473 |
Hamersley - Eastern Range |
(a) |
2,460 |
2,571 |
2,513 |
2,447 |
2,725 |
4,968 |
5,172 |
Hope Downs |
50.0% |
7,932 |
9,007 |
9,112 |
9,559 |
10,187 |
15,669 |
19,746 |
Robe River - Pannawonica (Mesas J and A) |
53.0% |
8,352 |
8,912 |
8,661 |
8,168 |
8,546 |
15,735 |
16,714 |
Robe River - West Angelas |
53.0% |
7,451 |
7,528 |
7,635 |
6,564 |
7,845 |
13,930 |
14,409 |
Total production ('000 tonnes) |
|
62,044 |
64,271 |
66,481 |
63,373 |
69,057 |
119,831 |
132,430 |
Breakdown of total production: |
|
|
|
|
|
|
|
|
Pilbara Blend Lump |
|
16,641 |
16,845 |
17,374 |
17,031 |
18,688 |
31,740 |
35,719 |
Pilbara Blend Fines |
|
23,780 |
24,719 |
25,993 |
24,795 |
28,397 |
46,934 |
53,192 |
Robe Valley Lump |
|
2,616 |
3,129 |
3,076 |
2,666 |
2,863 |
4,979 |
5,529 |
Robe Valley Fines |
|
5,735 |
5,783 |
5,585 |
5,502 |
5,683 |
10,756 |
11,185 |
Yandicoogina Fines (HIY) |
|
13,272 |
13,795 |
14,453 |
13,379 |
13,426 |
25,422 |
26,805 |
Breakdown of total sales: |
|
|
|
|
|
|
|
|
Pilbara Blend Lump |
|
13,356 |
14,408 |
15,628 |
14,969 |
16,247 |
25,828 |
31,216 |
Pilbara Blend Fines |
|
23,437 |
26,177 |
28,999 |
27,822 |
32,870 |
46,190 |
60,692 |
Robe Valley Lump |
|
1,982 |
2,794 |
3,096 |
2,265 |
2,763 |
4,001 |
5,028 |
Robe Valley Fines |
|
5,637 |
6,298 |
6,592 |
5,431 |
6,247 |
10,282 |
11,678 |
Yandicoogina Fines (HIY) |
|
12,056 |
14,576 |
14,504 |
13,732 |
13,713 |
24,889 |
27,445 |
Total sales ('000 tonnes) (b) |
|
56,468 |
64,253 |
68,819 |
64,219 |
71,840 |
111,190 |
136,059 |
(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) |
|
1,849 |
1,785 |
1,801 |
1,071 |
1,924 |
3,206 |
2,994 |
Pellets ('000 tonnes) |
|
2,138 |
2,222 |
2,152 |
1,934 |
2,104 |
4,202 |
4,038 |
Sales: |
|
|
|
|
|
|
|
|
Concentrates ('000 tonnes) |
|
2,245 |
1,481 |
1,530 |
633 |
1,904 |
3,184 |
2,537 |
Pellets ('000 tonnes) |
|
2,582 |
2,289 |
2,064 |
1,876 |
1,931 |
4,230 |
3,807 |
Global Iron Ore Totals |
|
|
|
|
|
|
|
|
Iron Ore Production ('000 tonnes) |
|
66,030 |
68,278 |
70,434 |
66,378 |
73,084 |
127,239 |
139,462 |
Iron Ore Sales ('000 tonnes) |
|
61,294 |
68,023 |
72,414 |
66,728 |
75,674 |
118,604 |
142,403 |
Rio Tinto percentage interest shown above is at 30 June 2014. The data represent full production and sales on a 100% basis unless otherwise stated. |
Rio Tinto operational data |
|
|
|
|
|
Rio Tinto
interest |
2Q
2013 |
3Q
2013 |
4Q
2013 |
1Q
2014 |
2Q
2014 |
1H
2013 |
1H
2014 |
|
|
|
|
|
|
|
|
|
SALT |
|
|
|
|
|
|
|
|
Dampier Salt |
68.4% |
|
|
|
|
|
|
|
Western Australia |
|
|
|
|
|
|
|
|
Salt production ('000 tonnes) |
|
2,444 |
2,320 |
2,759 |
2,320 |
2,616 |
4,762 |
4,936 |
|
|
|
|
|
|
|
|
|
TITANIUM DIOXIDE FEEDSTOCK |
|
|
|
|
|
|
|
|
Rio Tinto Iron & Titanium |
100.0% |
|
|
|
|
|
|
|
Canada and South Africa |
|
|
|
|
|
|
|
|
(Rio Tinto share) (a) |
|
|
|
|
|
|
|
|
Titanium dioxide feedstock ('000 tonnes) |
|
461 |
373 |
361 |
389 |
372 |
888 |
762 |
(a) Quantities comprise 100% of Rio Tinto Fer et Titane and Rio Tinto's 74% interest in Richards Bay Minerals' production. Ilmenite mined in Madagascar is being processed in Canada.
|
|
|
|
|
|
|
|
|
|
URANIUM |
|
|
|
|
|
|
|
|
Energy Resources of Australia Ltd |
|
|
|
|
|
|
|
|
Ranger mine (a) |
68.4% |
|
|
|
|
|
|
|
Northern Territory, Australia |
|
|
|
|
|
|
|
|
U3O8 Production ('000 lbs) |
|
2,095 |
1,345 |
1,108 |
0 |
0 |
4,072 |
0 |
(a) ERA production has been restated from 'produced ready for packing' to 'drummed' U3O8, in line with production reported by Energy Resources of Australia Ltd to the Australian Stock Exchange (ASX).
|
Rössing Uranium Ltd |
68.6% |
|
|
|
|
|
|
|
Namibia |
|
|
|
|
|
|
|
|
U3O8 Production ('000 lbs) |
|
1,423 |
1,383 |
1,072 |
939 |
664 |
2,857 |
1,603 |
|
|
|
|
|
|
|
|
|
Rio Tinto percentage interest shown above is at 30 June 2014. The data represent full production and sales on a 100% basis unless otherwise stated. |
