Rio Tinto releases strong third quarter production results
16 October 2015
Rio Tinto chief executive Sam Walsh said “We continue to deliver efficient production, rigorous cost control and sound allocation of capital. This approach is ensuring that our tier one assets generate substantial free cash flow even during a challenging economic environment. Our expanded Pilbara
infrastructure is in place, and the Iron Ore Product Group is successfully commissioning and testing the system, reflected in the increased iron ore shipments to our customers during the period. Our cash
generated from operations will enable us to deliver strong returns to shareholders through the cycle and our balance sheet will be further strengthened by recent divestment activity.”
Mt Mt kt kt kt kt kt kt
Q3 2015 vs Q3 2014 vs Q2 2015
9 mths 2015 vs 9 mths
2014
Global iron ore shipments (100% basis) Global iron ore production (100% basis) Bauxite Aluminium Mined copper Hard coking coal
Semi-soft and thermal coal Titanium dioxide slag
Highlights • •
91.3 86.1 11,287 830 115 1,856 5,6 243 +17% +12% +4% +1% -24% +5% -8% -34% +12% +8% +6% +1% -14% -12% +9% -19% 245.3 240.4 32,466 2,457 393 5,959 16,306 866 +11% +11% +4% 0% -17% +10% -3% -23%
The key elements of the Pilbara infrastructure expansion are now complete, with the ramp-up of iron ore mined capacity continuing to generate maximum value from the integrated system.
Global iron ore production increased compared to last year through productivity gains and the ramp-up of operations, with shipments on track to meet full year guidance.
o Third quarter production of iron ore was 12 per cent higher than the same quarter of 2014
and was eight per cent above the second quarter of 2015.
• Sustained strong performance in bauxite with third party shipments reaching close to 20 million tonnes to date this year following record production at Weipa. • Mined copper on schedule to meet full year guidance, with Oyu Tolgoi benefiting from higher grades and Kennecott continuing its focus on the east wall de-weighting and de-watering.
• The group further refined its portfolio with the agreed sale on 30 September 2015 of its interest in the
Bengalla thermal coal Joint Venture for $606 million.
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 2014 have been excluded from Rio Tinto share of production data but assets sold in 2015 remain in comparisons.
Page 1 of 26
IRON ORE
Rio Tinto share of production (million tonnes)
Q3 2015 vs Q3 2014 vs Q2 2015 9 mths vs 9 mths
2015 2014
19.7 53.2 Pilbara Blend Lump +31% +13% +24% 28.5 78.6 Pilbara Blend Fines +15% +12% +17% 1.5 4.5 0% Robe Valley Lump -7% -2% 3.0 8.4 Robe Valley Fines -7% +5% -8% 13.8 40.4 Yandicoogina Fines (HIY) +2% -1% 0% 2.8 7.5 IOC (pellets and concentrate) +21% +6% +17%
Pilbara operations
Pilbara operations produced 227.6 million tonnes (Rio Tinto share 185.1 million tonnes) in the first nine months of 2015, 11 per cent higher than the same period of 2014. Third quarter production of 81.3 million tonnes (Rio Tinto share 66.5 million tonnes) was 12 per cent higher than the same quarter of 2014. These new milestones were achieved through the continued ramp-up of the Nammuldi operations, as well as a number of productivity improvements, which resulted in incremental gains across most sites. Favourable weather conditions meant that there was minimal disruption compared with the first and second quarters of 2015.
Pilbara sales
Sales of 232.1 million tonnes (Rio Tinto share 1.0 million tonnes) in the first nine months were 11 per cent higher than the same period of 2014, while third quarter sales of 85.6 million tonnes (Rio Tinto share 70.7 million tonnes) were 16 per cent higher than the same quarter of 2014.
Sales in the quarter exceeded production by 4.2 million tonnes, primarily drawing down on inventories at the mines. This draw-down has been a key focus in 2015 and inventories built up during the infrastructure expansion phase are expected to be largely utilised by early 2016.
The additional tonnes produced in the quarter were incorporated into the Pilbara Blend, which provides customers with reliable, long-term supply of consistent quality. The Yandicoogina and Robe Valley products remained in high demand from major steel mills in Asia.
Approximately 22 per cent of sales in the first nine months of 2015 were priced with reference to the prior quarter’s average index lagged by one month. The remainder was sold either on current quarter average, current month average or on the spot market.
Pilbara projects
The key elements of the Pilbara infrastructure expansion were completed in the second quarter of 2015, with the ramp-up of brownfield mined capacity continuing to generate maximum value from the integrated system. Around 40 Mt/a of very low-cost brownfield expansions were completed in the first half of 2015, principally at the West Angelas, Nammuldi and Brockman mines, at an average capital intensity of around $9 per tonne.
Iron Ore Company of Canada (IOC)
During the first nine months of 2015, IOC demonstrated a significant shift in operational performance, attributable to improved haul truck and mill availability and enhanced productivity rates for haul trucks and shovels. This resulted in a 21 per cent increase in concentrates produced to 5.5 million tonnes (Rio Tinto share 3.2 million tonnes) and a 14 per cent rise in pellet production to 7.3 million tonnes (Rio Tinto share 4.3 million tonnes).
Higher production flowed through to a 24 per cent improvement in sales to 13.2 million tonnes (Rio Tinto share 7.7 million tonnes) in the first nine months of 2015. Third quarter sales were particularly strong, with concentrate sales of 3.2 million tonnes and pellet shipments of 2.6 million tonnes.
Page 2 of 26
2015 guidance
Rio Tinto’s expected 2015 global shipments are unchanged at around 340 million tonnes (100 per cent basis), from its operations in Australia and Canada.
ALUMINIUM
Rio Tinto share of production (‘000 tonnes)
Q3 2015 vs Q3 2014 vs Q2 2015 9 mths vs 9 mths
2015 2014
Rio Tinto Aluminium
11,287 32,466 +4% +4% +6% Bauxite
1,957 5,777 +4% +2% +5% Alumina
830 2,457 0% +1% +1% Aluminium
Bauxite
The strong performance in bauxite was sustained into the third quarter, driven by record quarterly and nine month production at Weipa, which gave rise to a nine month record for the Group.
Weipa benefited from increased plant throughput while Gove continued to ramp up its export capability, running at just under an eight million tonne run-rate in the third quarter of 2015.
Third quarter and year to date bauxite production was four per cent higher than the corresponding periods of 2014 and enabled the group to ship close to 20 million tonnes to third parties in the first nine months of 2015, a 19 per cent improvement on the same period of 2014.
Alumina
Alumina production for the first nine months of 2015 was up by five per cent compared with the same period of 2014 (excluding production from the Gove refinery which was curtailed in May 2014), reflecting improved productivity at Queensland Alumina and Yarwun.
Aluminium
Year to date and third quarter aluminium production was marginally higher than the same periods of
2014. Record quarterly production at eight of the smelters more than offset lower production from Kitimat as it commissioned the modernised smelter. Kitimat has started to ramp up towards nameplate capacity of 420 thousand tonnes (a 48 per cent increase over previous nameplate capacity), which is expected to be achieved in early 2016.
2015 guidance
Rio Tinto’s expected share of production of bauxite and aluminium are unchanged at 43 million tonnes and 3.3 million tonnes, respectively. The expected share of alumina production has been revised to 7.8 million tonnes (previously 8.0 million tonnes).
Page 3 of 26
COPPER & COAL
Rio Tinto share of production (‘000 tonnes)
Q3 2015 vs Q3 2014 vs Q2 2015 9 mths vs 9 mths
2015 2014
Mined copper
22.2 66.3 -58% +28% -% Kennecott Utah Copper
73.8 278.5 +10% -12% -25% Escondida
0.0 0.0 n/a n/a n/a Grasberg
18.8 48.6 +53% +1% +48% Oyu Tolgoi
Refined copper
14.3 92.5 -77% -57% -50% Kennecott Utah Copper
21.5 71.3 +3% -19% +5% Escondida
Coal
1,856 5,959 +5% -12% +10% Hard coking coal
928 2,850 +44% -9% +15% Semi-soft coking coal
4,618 13,456 -14% +13% -6% Thermal coal
Kennecott Utah Copper
Mined copper production for the first nine months was substantially lower than the same period of 2014 due to the continuing focus on de-weighting and de-watering the east wall of Bingham Canyon. The 28 per cent improvement on the second quarter was primarily attributable to higher head grades. Lower mine production was partly mitigated by an inventory drawdown, resulting in refined production in the first nine months of 2015 being 50 per cent lower than in the same period of 2014. To optimise
smelter utilisation, Kennecott continues to toll third party concentrate, with 288 thousand tonnes received for processing in the first nine months of 2015. Tolled copper concentrate, smelted and returned to customers, is excluded from reported production figures.
Escondida
Mined copper production at Escondida in the first nine months of 2015 was ten per cent higher than the same period of 2014, primarily due to higher grades and throughput. Third quarter production was 25 per cent lower than the second quarter due to lower grades and the planned shutdown of the Laguna Seca concentrator for maintenance activities. In conjunction with lower grades, production may also be impacted by water availability in the last quarter of 2015.
Oyu Tolgoi
Mined copper production for the first nine months of 2015 was 48 per cent higher than the same period of 2014, attributable to higher grades and improved throughput.
On 18 May 2015, the Government of Mongolia, Turquoise Hill Resources Ltd and Rio Tinto signed the Oyu Tolgoi Underground Mine Development and Financing Plan which provides a pathway forward in addressing shareholder matters to restart underground development. Next steps include approval of the updated underground feasibility study and project financing, as well as securing all necessary permits for operating the underground mine.
Grasberg
Through a joint venture agreement with Freeport-McMoRan Inc. (Freeport), Rio Tinto is entitled to 40 per cent of material mined above an agreed threshold, as a consequence of expansions and developments of the Grasberg facilities since 1998. Rio Tinto does not expect 2015 production to exceed the metal
attributable to Freeport and, accordingly, expects its share of joint venture production to be zero during the year. Freeport is due to announce its third quarter results on 22 October 2015.
Page 4 of 26
Coal
Hard coking coal production in the first nine months was ten per cent higher than the same period of 2014 following improved production rates at Kestrel. Third quarter tonnage was 12 per cent lower than the second quarter due to a scheduled longwall changeover at Kestrel.
Thermal coal production, which was six per cent lower than in the corresponding nine months of 2014, was impacted by wet weather in the Hunter Valley earlier in the year. This was partly offset by increased tonnage at Hail Creek.
Semi-soft coking coal production was 15 per cent higher than in the corresponding nine months of 2014 reflecting mine production sequencing at Hunter Valley Operations.
On 30 September 2015, Rio Tinto announced that it had reached a binding agreement for the sale of its interest in the Bengalla Joint Venture to New Hope Corporation Limited for $606 million. The sale is expected to close in the first quarter of 2016.
2015 guidance
In 2015, Rio Tinto expects its share of mined copper production to be around 510 thousand tonnes (previously between 500 and 535 thousand tonnes), and refined copper production to be around 215 thousand tonnes (previously between 190 and 220 thousand tonnes).
For coal, Rio Tinto’s share of production is unchanged and is expected to be 18 to 19 million tonnes of thermal coal, 3.0 to 3.4 million tonnes of semi-soft coking coal and 7.1 to 8.1 million tonnes of hard coking coal.
DIAMONDS & MINERALS
Rio Tinto share of production
Q3 2015 vs Q3 2014 vs Q2 2015 9 mths vs 9 mths
2015 2014
Diamonds (‘000 carats)
3,514 10,105 +43% +4% +37% Argyle
761 2,945 -24% -41% -14% Diavik
Minerals (‘000 tonnes)
115 369 -9% -7% -4% Borates – B2O3 content
243 866 -34% -19% -23% Titanium dioxide slag
1,281 3,2 -18% +7% -21% Salt (‘000 tonnes)
Uranium (‘000 lbs)
6 2,015 -19% +17% +136% Energy Resources of Australia
379 1,194 -38% -30% -30% Rössing
Diamonds
At Argyle, the ramp-up of production from the underground mine remained the key operational focus. As a result, carats produced were 43 per cent higher in the third quarter and 37 per cent higher year to date compared with the corresponding periods of 2014.
At Diavik, third quarter carats recovered were lower than the same quarter of 2014 and the second
quarter of 2015 due to lower processing volumes and lower recovered grades from the A418 and A1N pipes.
Minerals
Borates production in the first nine months of 2015 was four per cent lower than in the same period of 2014 driven primarily by lower market demand.
Page 5 of 26
Rio Tinto Iron and Titanium (RTIT)
Titanium dioxide slag production was 23 per cent lower in the first nine months of 2015 than in the same period of 2014. RTIT has taken the following actions to optimise production, align it with market demand and deliver further free cash flow:
• two of the nine furnaces have been idled at Rio Tinto Fer et Titane (RTFT) in Quebec since April
2015.
• one of the four furnaces at Richards Bay Minerals has been idled since mid-September 2015 to
align the smelter rebuild schedule with market conditions.
• the normal winter shutdown at the Havre Saint Pierre hard rock ilmenite mine in Quebec has
been extended, with operations suspended from late October 2015 until March 2016.
Salt
Salt production in the first nine months of 2015 was lower than the same period of 2014 as a result of weaker demand.
Uranium
Energy Resources of Australia (ERA) continues to process existing stockpiles. Third quarter production was 17 per cent higher than the second quarter due to higher mill head grade, improved recoveries and increased throughput.
Year to date production at Rössing was 30 per cent lower than the same period of 2014, largely as a result of lower grades and recoveries.
2015 guidance
Rio Tinto is maintaining its expected share of titanium dioxide slag production in 2015 at 1.0 to 1.1 million tonnes, as announced on 7 September 2015, while its expected share of boric acid equivalent production is unchanged at 0.5 million tonnes. Rio Tinto now expects its share of diamond production to be 18 million carats (previously 20 million carats), reflecting the decision to pause final product processing in the fourth quarter at Argyle in light of current market conditions.
Rio Tinto’s share of uranium production is unchanged and is expected to be approximately five million pounds.
EXPLORATION AND EVALUATION
Pre-tax and pre-divestment expenditure on exploration and evaluation charged to the profit and loss account in the first nine months of 2015 was $392 million (of which $149 million was spent in the third quarter), compared with $566 million in the same period of 2014. Approximately 37 per cent of this expenditure was incurred by Copper & Coal, six per cent by Iron Ore, 21 per cent by Diamonds & Minerals and 36 per cent by central exploration.
There were no significant divestments of central exploration properties in the quarter.
Exploration highlights
Rio Tinto has a strong portfolio of projects with activity in 18 countries across some eight commodities. The bulk of our exploration spend in the period was focused on copper targets in Botswana, Chile, Kazakhstan, Mexico, Namibia, Peru, Russia, the United States and Zambia. Mine-lease exploration continued at a number of Rio Tinto managed businesses including Pilbara Iron, Rio Tinto Coal Australia, Richards Bay Minerals, Oyu Tolgoi, Weipa and Kennecott.
Page 6 of 26
A summary of activity for the period is as follows:
Product Group Evaluation
projects Aluminium
Advanced projects Greenfield programmes Australia, Brazil, Laos Copper: Australia,
Botswana, Chile, China, Kazakhstan, Mexico, Mongolia, Namibia, Peru, Russia, US, Zambia Nickel: Canada
Diamonds: Canada, India Heavy mineral sands: Gabon
Uranium: Australia, Canada, US
South of Embley and Cape Amargosa orbit, Brazil York, Australia
Nickel: Tamarack, US Coal: Bowen Basin, Hunter Valley, Australia
Copper & Coal Copper/molybdenum:
Resolution, US
Copper: La Granja, Peru
Copper/gold: Oyu Tolgoi, Mongolia
Coal: Mt Pleasant and Hail Creek, Australia
Diamonds & Minerals
Diamonds: Bunder, India; Lithium borates: Jadar, Serbia
Heavy mineral sands: Mutamba, Mozambique; Zulti South, South Africa Iron Ore: Simandou, Guinea
Uranium: Roughrider, Canada
Iron Ore
Pilbara, Australia
Potash: KP405, Canada
Pilbara, Australia Botswana
Page 7 of 26
Contacts media.enquiries@riotinto.com www.riotinto.com Follow @riotinto on Twitter Media Relations, EMEA/Americas Illtud Harri T +44 20 7781 1152 M +44 7920 503 600 David Outhwaite T +44 20 7781 1623 M +44 7787 597 493 David Luff T + 44 20 7781 1177 M + 44 7780 226 422 Investor Relations, EMEA/Americas John Smelt T +44 20 7781 16 M +44 7879 2 675 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/Asia Ben Mitchell T +61 3 9283 3620 M +61 419 850 212 Bruce Tobin T +61 3 9283 3612 M +61 419 103 4 Matt Klar T + 61 7 3625 4244 M + 61 457 525 578 Investor Relations, Australia/Asia Natalie Worley T +61 3 9283 3063 M +61 409 210 462 Rachel Storrs T +61 3 9283 3628 M +61 417 401 018 Rio Tinto plc 6 St James’s Square London SW1Y 4AD United Kingdom T +44 20 7781 2000 Registered in England No. 719885 Rio Tinto Limited 120 Collins Street Melbourne 3000 Australia T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404 Page 8 of 26 Rio Tinto production summary
Rio Tinto share of production
2014
Q3
2015 Q2
2015 2014 2015
Q3 9 MTHS 9 MTHS
Quarter 9 Months % Change
Q3 15 Q3 15 9 MTHS 15 vs vs vs Q3 14 Q2 15 9 MTHS 14
Principal Commodities Alumina Aluminium Bauxite Borates
Coal - hard coking Coal - semi-soft coking Coal - thermal Copper - mined Copper - refined Diamonds Iron ore
Titanium dioxide slag Uranium
Other Metals & Minerals Gold - mined Gold - refined Molybdenum Salt
Silver - mined Silver - refined
('000 t) ('000 t) ('000 t) ('000 t) ('000 t) ('000 t) ('000 t) ('000 t) ('000 t) ('000 cts) ('000 t) ('000 t) ('000 lbs)
('000 oz) ('000 oz) ('000 t) ('000 t) ('000 oz) ('000 oz) 1,877 825 10,8 127 1,773 5 5,355 151.8 83.5 3,9 60,450 365 1,467
138.4 79.3 5.6 1,567 1,390 759
6,203 2,452
4% 1% 4% -9%
2% 1% 6% -7%
-7% 0% 4% -4% 10% 15% -6% -17% -35% 19% 13% -23% 25% -22% -26% -21% -21% -34% -31% 1,925 1,957 818
830 5,777 2,457 10,695 11,287 31,077 32,466 124
115 385 5,416 2,484
369 5,959 2,101 1,856 1,024
928 5% -12%
-9%
2,850 44%
4,075 4,618 14,322 13,456 -14% 13% 134.3 114.9 59.9
35.8 474.7 253.8
393.3 -24% -14% 163.8 -57% -40%
-9% 8%
4,696 4,275 11,031 13,126 20% 63,2 69,316 170,318 192,620 15% 301
243 1,127 2,567
355.8 201.1 8.9 4,942 3,959 2,175
866 -34% -19% 3,209 -27%
-6%
1,131 1,068 116.9 51.6 2.6
79.3 34.1 1.8 276.0 -43% -32% 148.0 -57% -34% 7.0 -68% -32% 3,2 -18% 2,604 -39%
7% 5%
1,193 1,281 804 501
846 296 1,495 -61% -41%
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 year to date figures.
Page 9 of 26
Rio Tinto share of production
ALUMINA
Production ('000 tonnes) Jonquière (Vaudreuil) Queensland Alumina São Luis (Alumar) Yarwun
Jonquière (Vaudreuil) specialty alumina plant Aluminium Product Group total Other Aluminium - Gove refinery (a) Rio Tinto total alumina production ALUMINIUM
Production ('000 tonnes) Australia - Bell Bay Australia - Boyne Island Australia - Tomago Canada - six wholly owned Canada - Alouette (Sept-Îles) Canada - Bécancour France - Dunkerque Iceland - ISAL (Reykjavik) New Zealand - Tiwai Point Oman - Sohar UK - Lochaber
Rio Tinto total aluminium production BAUXITE
Production ('000 tonnes) (b) Gove
Porto Trombetas Sangaredi Weipa
Rio Tinto total bauxite production
Rio Tinto interest
100% 80% 10% 100% 100%
100%
100% 59% 52% 100% 40% 25% 100% 100% 79% 20% 100%
100% 12% (c) 100%
3Q 2014
358 741 94 656 28 1,877 0 1,877 48 85 73 320 58 28 68 51 65 18 10 825
1,725 501 1,819 6,844
4Q 2014
373 748 95 687 27 1,931 0 1,931 48 86 74 317 59 28 68 52 65 19 11 827
1,574 556 1,721 6,944
1Q 2015
360 739 86 683 27 1,6 0 1,6 46 84 73 306 59 26 67 51 65 19 12 809
1,710 438 1,632 6,704
2Q 2015
359 741 94 700 30 1,925 0 1,925 47 86 75 305 61 28 68 51 66 19 12 818
1,863 447 1,444 6,941
3Q 9 MTHS 9 MTHS 2015 2014 2015
369 765 93 703 27 1,957 0 1,957 48 87 76 316 61 27 69 48 67 19 12 830 1,966 522 1,681 7,119
1,070 2,106 269 2,001 81 5,527 676 6,203 141 242 215 962 174 83 202 153 194 31 2,452
4,9 1,409 5,391 19,322 31,077 1,0 2,245 273 2,087 84 5,777 0 5,777 142 257 224 927 181 82 205 151 197 56 35 2,457
5,538 1,407 4,757 20,7 32,466 10,8 10,794 10,484 10,695 11,287
Page 10 of 26
Rio Tinto share of production
Rio Tinto interest
3Q 4Q 2014 2014
127
123
1Q 2Q 2015 2015
129
124
3Q 9 MTHS 9 MTHS 2015 2014 2015
115
385
3,804 1,611 5,416 1,108 1,037 340 2,484 2,079 1,366 7,2 202 1,306 2,105 14,322 369 3,965 1,994 5,959 1,825 732 293 2,850 1,969 1,959 5,687 324 1,417 2,099 13,456
BORATES
Production ('000 tonnes B2O3 content) Rio Tinto Minerals - borates COAL - hard coking
Rio Tinto Coal Australia ('000 tonnes) Hail Creek Coal Kestrel Coal
Rio Tinto total hard coking coal production COAL - semi-soft coking
Rio Tinto Coal Australia ('000 tonnes) Hunter Valley Mount Thorley Warkworth
Rio Tinto total semi-soft coking coal production
COAL - thermal
Rio Tinto Coal Australia ('000 tonnes) Bengalla (d) Hail Creek Coal Hunter Valley Kestrel Coal Mount Thorley Warkworth
Rio Tinto total thermal coal production
100%
82% 1,277 1,520 1,1 1,349 1,427 80%
497
119
813
752
429
1,773 1,639 2,002 2,101 1,856 80% % 44%
32% 82%
292 317 36 5 667 702
440 213 76 728 660 524
460 311 128
780 168 76
585 2 90 928 652 634
8 1,024 749 725
568 601
80% 2,732 2,275 2,184 1,579 1,925 80% % 44%
45 499 711
249 128 923
94 353 658
143 517 667
87 7 774
5,355 4,759 4,762 4,075 4,618
Page 11 of 26
Rio Tinto share of production
COPPER
Mine production ('000 tonnes) (b) Bingham Canyon Escondida
Grasberg - Joint Venture (e) Oyu Tolgoi (f)
Rio Tinto total mine production Refined production ('000 tonnes) Escondida
Kennecott Utah Copper Rio Tinto total refined production DIAMONDS
Production ('000 carats) Argyle Diavik Murowa (g)
Rio Tinto total diamond production GOLD
Mine production ('000 ounces) (b) Barneys Canyon Bingham Canyon Escondida
Grasberg - Joint Venture (e) Oyu Tolgoi (f)
Rio Tinto total mine production Refined production ('000 ounces) Kennecott Utah Copper
Rio Tinto interest
100% 30% 40% 34%
30% 100%
100% 60% 0% 100% 100% 30% 40% 34%
100%
3Q 2014
52.8 84.2 2.5 12.3 151.8 20.8 62.7 83.5
2,455 1,004 90 3,9
0.0 86.7 6.6 0.8 44.2 138.4 79.3
4Q 2014
20.5 88.9 2.1 16.9 128.3 22.5 18.3 40.7
1,813 927 101 2,841
0.0 33.2 3.8 0.7 93.2 131.0 51.1
1Q 2015
26.6 106.2 0.0 11.3 144.1 23.2 45.0 68.2
3,217 9 40 4,155
0.0 44.7 6.4 0.0 28.7 79.8 62.2
2Q 2015
17.4 98.4 0.0 18.5 134.3 26.6 33.2 59.9
3,374 1,285 37 4,696
0.0 29.5 7.7 0.0 79.8 116.9 51.6
3Q 2015
22.2 73.8 0.0 18.8 114.9 21.5 14.3 35.8
3,514 761 - 4,275
0.0 31.0 7.1 0.0 41.1 79.3 34.1
9 MTHS 2014
183.8 252.4 5.6 32.9 474.7 68.0 185.9 253.8
7,375 3,413 243 11,031
0.4 226.6 23.2 1.5 104.1 355.8 201.1
9 MTHS 2015
66.3 278.5 0.0 48.6 393.3 71.3 92.5 163.8
10,105 2,945 77 13,126
0.0 105.2 21.2 0.0 149.6 276.0 148.0
Page 12 of 26
Rio Tinto share of production
IRON ORE
Production ('000 tonnes) (b) Hamersley mines Hamersley - Channar Hope Downs
Iron Ore Company of Canada
Robe River - Pannawonica (Mesas J and A) Robe River - West Angelas
Rio Tinto iron ore production ('000 tonnes) Breakdown of Production: Pilbara Blend Lump Pilbara Blend Fines Robe Valley Lump Robe Valley Fines Yandicoogina Fines (HIY) IOC Concentrate IOC Pellets Breakdown of Sales: Pilbara Blend Lump Pilbara Blend Fines Robe Valley Lump Robe Valley Fines Yandicoogina Fines (HIY) IOC Concentrate IOC Pellets
Rio Tinto iron ore sales ('000 tonnes)
Rio Tinto interest
3Q 2014
4Q 2014
1Q 2015
2Q 2015
3Q 9 MTHS 9 MTHS 2015 2014 2015
(h) 41,837 45,239 42,177 45,807 50,113 117,924 138,097 60% 50% 59% 53% 53%
1,763 5,6 2,299 4,846 4,058
1,501 5,839 2,247 4,599 3,815
1,287 5,679 2,109 4,020 4,139
1,675 5,259 2,616 4,402 4,133
1,811 5,5 2,784 4,520 4,497
5,047 15,519 6,429 13,705 11,695
4,773 16,528 7,510 12,943 12,769
60,450 63,239 59,412 63,2 69,316 170,318 192,620 42,778 67,005 4,8 9,157 40,402 2,694 3,735
37,432 75,017 4,070 9,435 41,2 2,833 3,407
53,244 78,570 4,528 8,415 40,353 3,247 4,2
45,029 91,126 3,983 8,610 40,274 3,379 4,359
14,986 16,103 16,057 17,490 19,697 24,721 25,185 24,607 25,466 28,497
1,617 3,229
1,591 3,008
1,482 2,538
1,1 2,861
1,505 3,015
13,597 15,105 12,618 13,918 13,818 936 1,3
845 1,402
804 1,305
1,245 1,372
1,197 1,587
13,730 13,778 13,231 14,620 17,178 26,496 30,627 26,004 30,200 34,922
1,405 3,246
1,435 3,453
1,257 2,568
1,320 2,797
1,405 3,246
14,198 14,628 12,336 14,004 13,934
1,343 1,172
732 1,410
417 1,462
1,112 1,344
1,850 1,553
61,590 66,063 57,276 65,397 74,088 173,837 196,760
Page 13 of 26
Rio Tinto share of production
MOLYBDENUM
Mine production ('000 tonnes) (b) Bingham Canyon SALT
Production ('000 tonnes) Dampier Salt SILVER
Mine production ('000 ounces) (b) Bingham Canyon Escondida
Grasberg - Joint Venture (e) Oyu Tolgoi (f)
Rio Tinto total mine production Refined production ('000 ounces) Kennecott Utah Copper
TITANIUM DIOXIDE SLAG Production ('000 tonnes) Rio Tinto Iron & Titanium (i)
URANIUM
Production ('000 lbs U3O8) Energy Resources of Australia (j) Rössing
Rio Tinto total uranium production
Rio Tinto interest
100%
68%
100% 30% 40% 34%
100%
100%
68% 69%
3Q 2014
5.6 1,567
970 348 0 72 1,390 759
365
853 615 1,467
4Q 2014
2.6 1,852
356 288 0 96 740 636
316
904 618 1,523
1Q 2015
2.7 1,418
486 407 0 62 9 698
322
737 272 1,010
2Q 2015
2.6 1,193
310 394 0 100 804 501
301
5 3 1,131
3Q 2015
1.8 1,281
362 3 0 130 846 296 243 6 379 1,068
9 MTHS 2014
8.9 4,942
2,578 1,177
0 204 3,959 2,175
1,127
853 1,714 2,567
9 MTHS 2015
7.0 3,2
1,158 1,155
0 291 2,604 1,495
866 2,015 1,194 3,209
Page 14 of 26
Production data notes:
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 year to date figures.
(a) The curtailment of production at the Gove refinery was completed on 28 May 2014.
(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 concentrates and pellets.
(c) Rio Tinto has a 22.95% shareholding in the Sangaredi mine but benefits from 45.0% of production.
(d) On 30 September 2015, Rio Tinto announced that it had reached a binding agreement for the sale of its interest in the Bengalla Joint Venture.
(e) Through a joint venture agreement with Freeport-McMoRan (FCX), Rio Tinto is entitled to 40% of additional material mined as a consequence of expansions and developments of the Grasberg facilities since 1998.
(f) Rio Tinto owns a 33.52% indirect interest in Oyu Tolgoi through its 50.79% interest in Turquoise Hill Resources Ltd.
(g) Rio Tinto sold its 77.8% interest in Murowa Diamonds with an effective date of 17 June 2015. Production data are shown up to that date.
(h) Includes 100% of production from Paraburdoo, Mt Tom Price, Marandoo, Yandicoogina, Brockman, Nammuldi and the Eastern Range mines. Whilst Rio Tinto owns % 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.
(i) Quantities comprise 100% of Rio Tinto Fer et Titane and Rio Tinto's 74% interest in Richards Bay Minerals (RBM).
(j) ERA production reported is 'drummed' U3O8.
The Rio Tinto percentage shown above is at 30 September 2015.
Rio Tinto's interest in the Benga and Clermont mines and the Alucam and SØRAL smelters were sold in 2014. No data for these operations are included in the Share of Production table.
Page 15 of 26
Rio Tinto operational data
ALUMINA
Smelter Grade Alumina - Aluminium Group Alumina production ('000 tonnes) Australia
Queensland Alumina Refinery - Queensland Yarwun refinery - Queensland Brazil
São Luis (Alumar) refinery Canada
Jonquière (Vaudreuil) refinery - Quebec (a)
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS
interest 2014 2014 2015 2015 2015
80.0% 100.0%
10.0%
100.0%
926 656
938
358
935 687
953
373
924 683
862
360
927 700
940
359
956 703 928 369
2014
2,632 2,001
2,686
1,070
2015
2,806 2,087
2,730
1,0
(a) Jonquière’s (Vaudreuil’s) production shows smelter grade alumina only and excludes hydrate produced and used for specialty alumina.
Smelter Grade Alumina - Other Aluminium Alumina production ('000 tonnes) Australia
Gove refinery - Northern Territory (a)
100.0%
0
0
0
0
0
676
0
(a) The curtailment of production at the Gove refinery was completed on 28 May 2014. Specialty Alumina - Aluminium Group Specialty alumina production ('000 tonnes) Canada
Jonquière (Vaudreuil) plant – Quebec
100.0%
28
27
27
30
27
81
84
Rio Tinto percentage interest shown above is at 30 September 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Page 16 of 26
Rio Tinto operational data
ALUMINIUM Primary Aluminium
Primary aluminium production ('000 tonnes) Australia
Bell Bay smelter - Tasmania Boyne Island smelter - Queensland Tomago smelter - New South Wales Cameroon
Alucam (Edéa) smelter (a) Canada
Alma smelter - Quebec
Alouette (Sept-Îles) smelter - Quebec Arvida smelter - Quebec Arvida AP60 smelter - Quebec Bécancour smelter - Quebec Grande-Baie smelter - Quebec Kitimat smelter - British Columbia Laterrière smelter - Quebec France
Dunkerque smelter Iceland
ISAL (Reykjavik) smelter New Zealand Tiwai Point smelter Norway
SØRAL (Husnes) smelter (b) Oman
Sohar smelter United Kingdom Lochaber smelter
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS interest 2014 2014 2015 2015 2015 2014 2015
100.0% 59.4% 51.6%
0.0%
100.0% 40.0% 100.0% 100.0% 25.1% 100.0% 100.0% 100.0%
100.0%
100.0%
79.4%
0.0%
20.0%
100.0%
48 143 142
24 116 146 44 15 110 55 28 62 68 51 82 23 92 10
48 145 144
22 116 147 44 15 114 55 24 62 68 52 82 8 93 11
46 142 141
- 115 147 43 14 105 20 60 67 51 82 - 93 12
47 145 145
- 116 152 43 15 113 55 15 61 68 51 83 - 94 12
48 146 147
- 117 153 43 15 108 56 23 61 69 48 84 - 94 12
141 408 417
70 339 436 129 44 332 166 101 182
202
153
245
69 271
31
142 433 434
- 348 453 129 44 326 165 58 183 205 151 249
- 281 35
(a) Rio Tinto sold its 46.7% interest in the Alucam (Edéa) smelter with an effective date of 31 December 2014. Production data are shown up to that date.
(b) Rio Tinto sold its 50% interest in the SØRAL (Husnes) smelter with an effective date of 31 October 2014. Production data are shown up to that date.
Rio Tinto percentage interest shown above is at 30 September 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Page 17 of 26
Rio Tinto operational data
BAUXITE
Bauxite production ('000 tonnes) Australia
Gove mine - Northern Territory Weipa mine - Queensland Brazil
Porto Trombetas (MRN) mine Guinea
Sangaredi mine (a)
Rio Tinto share of bauxite shipments Share of total bauxite shipments ('000 tonnes) Share of third party bauxite shipments ('000 tonnes)
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS interest 2014 2014 2015 2015 2015 2014 2015
4,9 19,322
11,743
11,979
30,566 16,755
5,538 20,7
11,726
10,571
32,572 19,993
100.0% 1,725 1,574 1,710 1,863 1,966 100.0% 6,844 6,944 6,704 6,941 7,119
12.0% 4,177 4,633 3,651 3,723 4,351
23.0% 4,043 3,823 3,627 3,209 3,735
10,671 10,851 10,487 10,926 11,159 6,523 6,502 6,372 6,848 6,773
(a) Rio Tinto has a 22.95% shareholding in the Sangaredi mine but benefits from 45.0% of production.
Rio Tinto percentage interest shown above is at 30 September 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Page 18 of 26
Rio Tinto operational data
BORATES
Rio Tinto Minerals - borates US
Borates ('000 tonnes) (a)
(a) Production is expressed as B2O3 content. COAL
Rio Tinto Coal Australia Bengalla mine (a) New South Wales
Thermal coal ('000 tonnes) Clermont Coal mine (b) Queensland
Thermal coal ('000 tonnes) Hail Creek Coal mine Queensland
Hard coking coal ('000 tonnes) Thermal coal ('000 tonnes) Hunter Valley Operations New South Wales
Semi-soft coking coal ('000 tonnes) Thermal coal ('000 tonnes) Kestrel Coal mine Queensland
Hard coking coal ('000 tonnes) Thermal coal ('000 tonnes) Mount Thorley Operations New South Wales
Semi-soft coking coal ('000 tonnes) Thermal coal ('000 tonnes)
32.0%
6,497
4,832
4,639 1,665
1,385 9,080
2,014 253
1,620 2,041
6,153
- 4,835 2,390
2,281 7,109
2,493 405 1,144 2,214
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS interest 2014 2014 2015 2015 2015 2014 2015
100.0%
127
123
129
124
115
385
369
2,083 2,061 2,341 1,776 2,036 0.0%
82.0%
-
-
-
-
-
1,557 1,853 1,450 1,5 1,740 80.0%
856
365
639
550
884
574
733
976
773 731
3,415 2,844 2,730 1,974 2,406 80.0%
.0%
621 56 496 780
940 178
263 809
536 109 396 8
149 1,017 311
333 200
118
485 551
Rio Tinto percentage interest shown above is at 30 September 2015. The data represent full production and sales on a
100% basis unless otherwise stated.
Page 19 of 26
Rio Tinto operational data
COAL (continued) Warkworth mine New South Wales
Semi-soft coking coal ('000 tonnes) Thermal coal ('000 tonnes)
Total hard coking coal production ('000 tonnes) Total semi-soft coking coal production ('000 tonnes) Total thermal coal production ('000 tonnes) Total coal production ('000 tonnes)
Total coal sales ('000 tonnes) Rio Tinto Coal Australia share (c)
Share of hard coking coal sales ('000 tonnes) Share of semi-soft coal sales ('000 tonnes) (d) Share of thermal coal sales ('000 tonnes) (d)
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS interest 2014 2014 2015 2015 2015 2014 2015
44.5%
80
170
287
170
201
763 4,729 6,653 3,768 29,098 39,519 38,992
5,705 2,413 16,246
659 4,717 7,328 4,084 22,988 34,400 34,397
6,052 2,825 13,383
1,598 2,073 1,478 1,499 1,740 2,178 2,002 2,467 2,585 2,277
942 1,052 1,347 1,408 1,329
8,787 8,129 8,101 6,968 7,918 11,906 11,183 11,915 10,961 11,524 11,409 12,395 11,926 11,016 11,455
1,563 1,978 1,925 2,405 1,722
790
812
929
963
932
4,972 5,183 4,781 3,913 4,6
(a) On 30 September 2015, Rio Tinto announced that it had reached a binding agreement for the sale of its interest in the Bengalla Joint Venture.
(b) Rio Tinto sold its 50.1% interest in the Clermont mine with an effective date of 29 May 2014. Production data are shown up to that date.
(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 (a)
Hard coking coal production ('000 tonnes) Thermal coal production ('000 tonnes)
0.0%
236 216
26 23
- -
- -
- -
615 570
- -
(a) Rio Tinto completed the sale of Rio Tinto Coal Mozambique and its 65% interest in the Benga mine with an effective date of 7 October 2014. Production data are shown up to that date.
Rio Tinto percentage interest shown above is at 30 September 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Page 20 of 26
Rio Tinto operational data
COPPER & GOLD Escondida Chile
Sulphide ore to concentrator ('000 tonnes) Average copper grade (%)
Mill production (metals in concentrates): Contained copper ('000 tonnes) Contained gold ('000 ounces) Contained silver ('000 ounces)
Recoverable copper in ore stacked for leaching ('000 tonnes) (a) Refined production from leach plants: Copper cathode production ('000 tonnes)
Rio Tinto 9 MTHS 9 MTHS 3Q 4Q 1Q 2Q 3Q
interest 2014 2014 2015 2015 2015 2014 2015
30.0%
63,140 1.22
636.7 77 3,924 204.7
226.6
67,111 1.27
690.0 71 3,850 238.5
237.6
20,652 18,3 21,382 22,909 22,820 1.20
1.45
1.49
1.32
1.00
205.5 215.7 270.6 249.6 169.7
22
13
21
26
24
1,159 75.3
69.3
958 1,355 1,314 1,181 80.5
75.0
83.5
77.3
78.5
88.8
76.5
71.5
(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) Papua, Indonesia Ore treated ('000 tonnes) Average mill head grades: Copper (%) Gold (g/t) Silver (g/t)
Production of metals in concentrates: Copper in concentrates ('000 tonnes) Gold in concentrates ('000 ounces) Silver in concentrates ('000 ounces) Sales of payable metals in concentrates: (c) Copper in concentrates ('000 tonnes) Gold in concentrates ('000 ounces) Silver in concentrates ('000 ounces)
0.0% (b)
32,473
0.78 0.94 3.48
224.0 801 1,970
224.9 804 1,5
46,617
0. 0.77 2.27
2.5 955 1,966
253.7 926 1,505
12,488 11,512 14,123 16,095 16,399
0.88 1.28 3.90
97.7 439 913
0.79 1.14 3.37
82.3 366 771
83.9 366 623
0.57 0.68 2.13
72.2 262 558
70.4 260 435
0.67 0.86 2.44
96.5 371 759
88.8 346 558
0.67 0.77 2.21
95.8 321 9 94.6 320 512
120.0
505 8
(a) Through a joint venture agreement with Freeport-McMoRan (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 3Q 2015 results show the forecast from FCX's most recent five-year plan, because FCX is not releasing its actual 100% operating data for 3Q 2015 until the release of its 2015 third-quarter results on 22 October 2015.
(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 September 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Page 21 of 26
Rio Tinto operational data
COPPER & GOLD (continued) Kennecott Utah Copper Barneys Canyon mine (a) Utah, US
Gold produced ('000 ounces) Bingham Canyon mine Utah, US
Ore treated ('000 tonnes) Average ore grade: Copper (%) Gold (g/t) Silver (g/t) Molybdenum (%)
Copper concentrates produced ('000 tonnes) Average concentrate grade (% Cu) Production of metals in copper concentrates: Copper ('000 tonnes) (b) Gold ('000 ounces) Silver ('000 ounces)
Molybdenum concentrates produced ('000 tonnes): Molybdenum in concentrates ('000 tonnes)
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS interest 2014 2014 2015 2015 2015 2014 2015
100.0%
100.0%
0.0
0.0
0.0
0.0
0.0
0.4
34,579
0.59 0.30 2.95 0.048 717 25.6
183.8 227 2,578 17.0 8.9
0.0 26,607
0.29 0.18 2.10 0.041 334 19.7
66.3 105 1,158 13.7 7.0
12,184 6,404 9,819 8,208 8,581
0.49 0.33 3.01
0.37 0.26 2.22
0.31 0.21 2.22
0.25 0.30 0.17 0.17 1.99 2.07
0.069 0.060 0.041 0.046 0.035 193 27.2
52.8 87 970 10.5 5.6
82 24.8
20.5 33 356 4.9 2.6
133 19.9
26.6 45 486 5.2 2.7
84
116
20.6 18.9
17.4 22.2 29 310 5.0 2.6
31 362 3.4 1.8
(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
Copper concentrates smelted ('000 tonnes) Copper anodes produced ('000 tonnes) (a) Production of refined metal: Copper ('000 tonnes) Gold ('000 ounces) (b) Silver ('000 ounces) (b)
(a) New metal excluding recycled material.
(b) Includes gold and silver in intermediate products.
Rio Tinto percentage interest shown above is at 30 September 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
100.0%
205 50.2
62.7 79.3 759
122 24.9
18.3 51.1 636
148 35.1
45.0 62.2 698
99
113
787 179.3
185.9 201.1 2,175
360 71.3
92.5 148.0 1,495
19.1 17.1
33.2 14.3 51.6 34.1 501
296
Page 22 of 26
Rio Tinto operational data
COPPER & GOLD (continued) Turquoise Hill Resources Oyu Tolgoi mine (a) Mongolia
Ore Treated ('000 tonnes) Average mill head grades: Copper (%) Gold (g/t) Silver (g/t)
Copper concentrates produced ('000 tonnes) Average concentrate grade (% Cu) Production of metals in concentrates: Copper in concentrates ('000 tonnes) Gold in concentrates ('000 ounces) Silver in concentrates ('000 ounces) Sales of metals in concentrates: Copper in concentrates ('000 tonnes) Gold in concentrates ('000 ounces) Silver in concentrates ('000 ounces)
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS interest 2014 2014 2015 2015 2015 2014 2015
33.5%
20,367
0.55 0. 1.58 377.0 26.0
98.2 310.6 608
118.3 298 710
25,168
0.66 0.73 1.52 556.7 26.0
144.9 446.4 869 146.5 577 798
7,029 7,505 7,512 9,025 8,632
0.59 0.80 1.
0.74 1.46 1.65
0.52 0.48 1.16
0.69 1.09 1.46
0.75 0.56 1.90
134.1 186.7 130.9 215.5 210.3
27.3
36.6
26.9
50.3
25.7
33.6
25.6
55.3
26.6
56.0
132.0 278.2
216
53.6 144 323
286
67.6 263 383
85.6 238.1 122.6 184
42.1 200 219
297
46.3 177 245
388 58.2 200 334
(a) Rio Tinto owns a 33.52% indirect interest in Oyu Tolgoi through its 50.79% interest in Turquoise Hill Resources.
Rio Tinto percentage interest shown above is at 30 September 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Page 23 of 26
Rio Tinto operational data
DIAMONDS Argyle Diamonds Western Australia
AK1 ore processed ('000 tonnes) AK1 diamonds produced ('000 carats) Diavik Diamonds
Northwest Territories, Canada Ore processed ('000 tonnes) Diamonds recovered ('000 carats) Murowa Diamonds (a) Zimbabwe
Ore processed ('000 tonnes) Diamonds recovered ('000 carats)
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS interest 2014 2014 2015 2015 2015 2014 2015
100.0%
876
2,311 7,375
1,765 5,688
430 312
3,716 10,105
1,519 4,908
212 99
688 1,178 1,199 1,339
2,455 1,813 3,217 3,374 3,514 60.0%
560
512
476
565
478
1,673 1,5 1,498 2,141 1,269 0.0%
153 116
160 130
117 51
95 48
- -
(a) Rio Tinto sold its 77.8% interest in Murowa Diamonds with an effective date of 17 June 2015. Production data are shown up to that date.
Rio Tinto percentage interest shown above is at 30 September 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Page 24 of 26
Rio Tinto operational data
IRON ORE Rio Tinto Iron Ore Western Australia Pilbara Operations
Saleable iron ore production ('000 tonnes) Hamersley mines Hamersley - Channar Hope Downs
Robe River - Pannawonica (Mesas J and A) Robe River - West Angelas Total production ('000 tonnes) Breakdown of total production: Pilbara Blend Lump Pilbara Blend Fines Robe Valley Lump Robe Valley Fines Yandicoogina Fines (HIY) Breakdown of total sales: Pilbara Blend Lump Pilbara Blend Fines Robe Valley Lump Robe Valley Fines Yandicoogina Fines (HIY) Total sales ('000 tonnes) (b)
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS interest 2014 2014 2015 2015 2015 2014 2015
117,924 8,411 31,038 25,858 22,066 205,298
55,135 83,903 8,580 17,278 40,402
48,594 94,071 7,680 17,802 41,2 209,790
138,097 7,955 33,055 24,420 24,092 227,621
66,527 96,320 8,3 15,878 40,353
56,615 111,440 7,515 16,246 40,274 232,090
(a) 41,837 45,239 42,177 45,807 50,113 60.0% 2,938 2,502 2,145 2,792 3,019 50.0% 11,292 11,677 11,358 10,518 11,179 53.0% 9,144 8,677 7,585 8,306 8,529 53.0% 7,657 7,198 7,810 7,797 8,485
72,868 75,292 71,075 75,221 81,325 19,416 20,298 20,231 21,990 24,306 30,711 31,213 30,1 31,007 34,672 3,051 3,002 2,796 2,907 2,840 6,093 5,675 4,7 5,399 5,690 13,597 15,105 12,618 13,918 13,818 17,378 17,295 16,832 18,635 21,147 33,380 37,370 32,904 36,841 41,695 2,651 2,708 2,373 2,491 2,651 6,124 6,514 4,845 5,277 6,124 14,198 14,628 12,336 14,004 13,934 73,731 78,515 69,290 77,248 85,552
(a) Includes 100% of production from Paraburdoo, Mt Tom Price, Marandoo, Yandicoogina, Brockman, Nammuldi and the Eastern Range mines. Whilst Rio Tinto owns % 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
Newfoundland & Labrador and Quebec in Canada Saleable iron ore production: Concentrates ('000 tonnes) Pellets ('000 tonnes) Sales:
Concentrates ('000 tonnes) Pellets ('000 tonnes) Global Iron Ore Totals
Iron Ore Production ('000 tonnes) Iron Ore Sales ('000 tonnes)
58.7%
4,588 6,360
4,825 5,802
216,246 220,417
5,529 7,261
5,755 7,423
240,410 245,268
1,593 1,439 1,370 2,120 2,039 2,322 2,388 2,223 2,336 2,703
2,288 1,246 711 1,4 3,150
1,996 2,402 2,490 2,288 2,4
76,784 79,119 74,667 79,676 86,067 78,014 82,163 72,491 81,430 91,346
Rio Tinto percentage interest shown above is at 30 September 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Page 25 of 26
Rio Tinto operational data
SALT Dampier Salt Western Australia
Salt production ('000 tonnes)
TITANIUM DIOXIDE SLAG Rio Tinto Iron & Titanium Canada and South Africa (Rio Tinto share) (a)
Titanium dioxide slag ('000 tonnes)
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS interest 2014 2014 2015 2015 2015 2014 2015
68.4%
7,229
1,127
5,694
866
2,293 2,709 2,074 1,745 1,874
100.0%
365
316
322
301
243
(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)
Northern Territory, Australia U3O8 Production ('000 lbs)
(a) ERA production reported is 'drummed' U3O8. Rössing Uranium Ltd Namibia
U3O8 Production ('000 lbs)
68.6%
6
902
397
791
552
2,500
1,740
68.4%
1,247
2,946
1,247 1,322 1,078 861 1,008
Rio Tinto percentage interest shown above is at 30 September 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Page 26 of 26
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