15.10.2008 11:00:00
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Rio Tinto: Third Quarter 2008 Operations Review
Chief executive Tom Albanese said: "The long term outlook for Rio Tinto remains positive despite the upheavals in global markets. In the third quarter, our business continued to perform extremely well, breaking yet more production records in iron ore, bauxite, hard coking coal and US coal.
"In the near term, the Chinese economy is pausing for breath. China is not completely insulated from an OECD recession and we will see an impact on Chinese exports. However, the near term slowdown of growth is substantially due to tightening of monetary policy introduced by the Chinese government last year in order to tackle inflation. Furthermore, we expect third quarter economic data to show an exaggerated slowdown, reflecting the postponement of projects during the Olympics. Looking further out, Chinese GDP will remain largely driven by the domestic economy and we expect industrialisation and urbanisation to continue apace with strengthening demand across a range of Rio Tinto products.
"With our cost competitive assets, resilient margins and strong customer base, Rio Tinto is well placed to weather the current economic weakness. Against the backdrop of the current markets, the Group is taking the opportunity to review the near term spending timelines and project costs of its capital expenditure programme, while preserving the optionality of its high quality growth pipeline overall.”
- Record quarterly global production of iron ore, up 17 per cent on the third quarter of 2007.
- Record quarterly iron ore production in Australia of 48 million tonnes (39 million tonnes on an attributable basis), up 20 per cent (up 17 per cent on attributable basis) compared with the third quarter of 2007.
- Rio Tinto Alcan continued to perform well with bauxite production up 93 per cent, alumina up by 222 per cent and aluminium up by 371 per cent, compared with the third quarter of 2007, reflecting the acquisition of Alcan in the fourth quarter of 2007. On a proforma basis the respective increases for bauxite and alumina were 11 per cent and two per cent while aluminium declined by one per cent, primarily due to temporary cutbacks at Tiwai Point.
- Strong recovery in grades at Kennecott Utah Copper was offset by a decline at Escondida, which experienced operational interruptions. This led to an overall decrease in mined copper by seven per cent compared with the third quarter of 2007.
- Strength in Australian hard coking and thermal coal, with third quarter production up by 40 per cent and eight per cent respectively on the third quarter of 2007.
- Record production for the US coal business was achieved, up 13 per cent on the third quarter of 2007.
- Uranium production increased 13 per cent on the same quarter of 2007
- Continued strong performance from the minerals businesses with borates production up 24 per cent and titanium dioxide feedstocks up 11 per cent on the third quarter of 2007.
All currency figures in this report are US dollars, and comments refer to Rio Tinto’s share, unless otherwise stated
CHINA OUTLOOK
There has been a deceleration in Chinese growth, which is expected to fall from nearly 12% in 2007 to less than 10 per cent this year. The slowdown is a product of tight credit policies in China that were introduced late last year to address inflationary concerns. These are only now being relaxed.
We expect to see Chinese economic data in the third quarter of this year showing an exaggerated economic slowdown because of the 'Olympics effect', with the negative impact falling away in later months. Over time, as economy-wide inventories are dissipated, industrial production and commodity demand can be expected to accelerate. Nevertheless, it now seems clear that any bounce in net demand will be delayed until next year.
The long-foreshadowed deceleration in economic activity has resulted in a marked reduction in Chinese commodity demand growth from the overheated levels we saw in 2007. But we should expect that investment, construction and therefore commodity demand in a fast growing developing economy like China's will have a cyclical pattern around a strong underlying trend.
While apparent demand for steel making raw materials, copper and aluminium has slowed, lower prices mean that Chinese producers are facing margin pressure and should be expected to cut their production. For example, it is likely that the vast majority of Chinese aluminium producers are now making operating losses.
Over 2009, the export sector is expected to come under increased pressure as OECD demand weakens in the wake of the Western credit crisis. However, Chinese investment is expected to start gaining strength on the back of substantial domestic savings and a shift in government policy toward promoting growth objectives. In this context it is worth recalling that net trade contributes only about 6 per cent to GDP while domestic investment contributes more than 40 per cent.
DIVESTMENTS
All the previously announced divestment processes are underway, and are continuing. The primary objective continues to be obtaining appropriate value from the assets highlighted for divestment. Acknowledging the reality of the currently challenging financial markets, the Group is reviewing its timeline for the announcement of the first $10 billion of divestments, which was due to be made in 2008.
FINANCIAL POSITION
The Group’s financial position remains sound and its cash flow generation is strong. On 25 June 2008, Rio Tinto announced that it had termed out $5 billion of the Alcan acquisition facility through a bond issuance of fixed interest securities with durations varying from five to twenty years. The details of the rates and maturities were included in the press release at www.riotinto.com/media/5157_7883.asp
Total bonds outstanding for the Group at 30 September 2008 total $9.3 billion, including the $5 billion above. $200 million of this total matures within one year. Rio Tinto elected to extend the term of the Alcan acquisition financing Facility A to October 2009. The Group has no current drawings under any of its $2.3 billion bilateral bank facilities.
Alcan acquisition facility |
||||||||||
US$ billion |
Original amount |
Interest rate |
Total facility available at 30 September 2008 |
Amount drawn at 30 September 2008 |
Maturity | |||||
Facility A – term loan |
15.0 |
30 basis points over LIBOR |
8.9 | 8.9 | 22/10/2009 | |||||
Facility B – revolving credit |
10.0 |
35 basis points over LIBOR |
10.0 | 10.0 | 25/10/2010 | |||||
Facility C – revolving credit |
5.0 |
40 basis points over LIBOR |
5.0 | 0.4 | 25/10/2012 | |||||
Facility D – term loan |
10.0 |
40 basis points over LIBOR |
10.0 | 10.0 | 27/12/2012 | |||||
Total | 40.0 | 33.9 | 29.3 |
A complete filing of the US$ 40 billion Facility Agreement was made on 12 July 2007 with the SEC: www.sec.gov/Archives/edgar/data/4285/000104746907005826/a2178944zex-99 _b1.htm (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
IRON ORE
Rio Tinto share of production (000 tonnes) |
||||||||||
Q3 08 | vs Q3 07 | vs Q2 08 | 9 mths 08 | vs 9 mths 07 | ||||||
Hamersley | 30,822 | +14% | +3% | 87,832 | +11% | |||||
Hope Downs | 1,536 | n/a | -11% | 3,807 | n/a | |||||
Robe River | 6,979 | +9% | -3% | 21,381 | +8% | |||||
IOC (pellets and concentrate) | 2,493 | +5% | +4% | 7,014 | +27% |
Pilbara operations
By the end of the third quarter, Rio Tinto had sold 12.5 million tonnes of iron ore (on a 100 per cent basis) on the spot market during 2008 (three quarters 100 per cent owned operations, one quarter joint venture operations). Further sales into the spot market will depend on the level of prices available.
Total third quarter production of 48 million tonnes (39 million tonnes on an attributable basis) was a 20 per cent increase (17 per cent on an attributable basis) on the same quarter of 2007, demonstrating progress in de-bottlenecking and the start up of expansion projects. The new Hope Downs mine produced more than three million tonnes for the second consecutive quarter, and, with the rapid advance of the Hope Downs South expansion, is ramping up towards 30 million tonne per annum capacity (15 million tonnes on an attributable basis).
These results were achieved despite significant disruption caused by the major shutdown of Car Dumper 2 at Cape Lambert port for almost three weeks. The safe and rapid recovery of the dumper curtailed production losses to less than one million tonnes.
Evidence of the success of debottlenecking projects was seen with rail operations consistently performing at a 200 million tonne per annum run-rate. With the expansion of Cape Lambert port operations ahead of schedule, these rates should provide the ability for early improvements in shipped tonnages.
Expansion projects are proceeding well. The Hope Downs South mine expansion, the engineering for the new Mesa A mine, the early construction and earth works at the future Brockman 4, the power systems upgrade and the automated train operations project are all on or ahead of schedule. The 220 million tonne per annum upgrade is approaching the last stage, with work on the Cape Lambert wharf extension being finalised. Commissioning of the new reclaimer commenced, and the new shiploader is expected in the next month.
Expected production in the Pilbara in 2008 is between 190 and 195 million tonnes on a 100 per cent basis.
HIsmelt
HIsmelt returned to production on 22nd September to 3rd October after the installation of significant modifications.
Iron Ore Company of Canada (IOC)
In September 2008 Rio Tinto approved the $193 million (Rio Tinto share $102 million) expansion of the magnetite plant at IOC to an annual capacity of 22.8 million tonnes. A further approval of $75 million (Rio Tinto share $44 million) was granted for completion of a feasibility study on the third-phase expansion, to extend annual capacity to 26 million tonnes, and to purchase long-lead items. A total of $768 million has now been committed to the IOC expansions (Rio Tinto share $451 million).
Rio Tinto Brasil
In July Rio Tinto approved an investment of $2.15 billion in a major expansion of its iron ore mine in Corumbá, Brazil, boosting annual capacity of the mine from two million tonnes per annum to 12.8 million tonnes, with new production commencing in the fourth quarter of 2010. This is a project capable of further expansion and opening up the Atlantic basin to Corumbá’s high quality, direct reduction lump product.
ALUMINIUM
Rio Tinto share of production (000 tonnes) |
||||||||||
Q3 08 | vs Q3 07 | vs Q2 08 | 9 mths 08 | vs 9 mths 07 | ||||||
Rio Tinto Alcan | ||||||||||
Bauxite | 9,023 | +93% | +5% | 26,347 | +99% | |||||
Alumina | 2,187 | +222% | -3% | 6,673 | +230% | |||||
Aluminium | 1,012 | +371% | -0% | 3,051 | +377% |
Q3 07 |
Q3 08 vs Q3 07 |
9 mths 07 | vs 9 mths 07 | |||||
Rio Tinto Alcan | proforma1 | proforma1 | proforma1 | proforma1 | ||||
Bauxite | 8,102 | +11% | 23,165 | +14% | ||||
Alumina | 2,151 | +2% | 6,246 | +7% | ||||
Aluminium | 1,0202 | -1%2 | 3,0322 | +1%2 |
1 Includes Alcan data from 1 January 2007.
2 Excludes Vlissingen (Netherlands,) which was divested in the first half of 2007 and Lannemezan (France) which was closed in the first quarter of 2008.
Third quarter production records were set across the board in the aluminium product group, and production of bauxite, alumina and aluminium increased sharply compared with the same quarter of 2007, reflecting the Alcan acquisition. Rio Tinto acquired the operating assets of Alcan with effect from 24 October 2007 and its production is included from that date. Proforma Rio Tinto Alcan production data for 2007 was published on 12 March 2008 and can be found on the Rio Tinto website.
Bauxite
Third quarter bauxite production was 93 per cent higher than the same quarter of 2007 and 11 per cent higher on a proforma basis. Third quarter bauxite production at Weipa was six per cent above the same quarter of 2007, reflecting increased capacity to support external demand as well as additional internal requirements.
Alumina
Third quarter alumina production was 222 per cent higher than the same quarter of 2007 and two per cent higher on a proforma basis.
A temporary blockage in the residue pipeline at the Yarwun alumina refinery during the quarter resulted in curtailed operations and 113 thousand tonnes of lost production. Opportunistic maintenance was conducted on the refinery which resumed full production by the end of August. At Gove slower commissioning has led to a revision of the 2008 production target to 2.4 million tonnes.
Aluminium
Third quarter aluminium production was 371 per cent higher than the same quarter of 2007 and one per cent lower on a proforma basis. Capacity creep at many of the Group’s smelters, particularly in Canada, largely offset production cutbacks at the Tiwai Point smelter in New Zealand due to low rainfall and at Anglesey Aluminium due to a localised fire in June. Full power output is expected to be restored at Tiwai Point within eight to ten weeks and the restart of Anglesey Aluminium is well underway. The Sohar start-up is proceeding on budget.
In light of current market weakness, whilst most of the Rio Tinto Alcan smelters are in the lower end of the cost curve, the Group is reviewing production rates at the higher cost smelting units, which may lead to production curtailment.
COPPER
Rio Tinto share of production |
||||||||||
Q3 08 | vs Q3 07 | vs Q2 08 | 9 mths 08 | vs 9 mths 07 | ||||||
Kennecott Utah Copper | ||||||||||
Mined copper (000 tonnes) | 69.3 | +40% | +15% | 174.2 | +9% | |||||
Refined copper (000 tonnes) | 40.6 | -41% | -18% | 142.0 | -31% | |||||
Molybdenum (000 tonnes) | 2.9 | -15% | +32% | 8.6 | -28% | |||||
Mined Gold (000 ozs) | 111 | +26% | +21% | 272 | -14% | |||||
Refined gold (000 ozs) | 77 | -40% | +5% | 231 | -41% | |||||
Escondida | ||||||||||
Mined copper (000 tonnes) | 73.2 | -28% | -43% | 318.5 | +0% | |||||
Refined copper (000 tonnes) | 18.6 | +15% | -12% | 55.3 | -1% |
Kennecott Utah Copper
A return to higher copper grades in the third quarter, as planned, resulted in significantly higher mined production compared with both the previous quarter and the corresponding quarter of 2007. Gold and silver grades recovered from previous quarters in line with copper.
Changes in the mining sequence resulted in lower molybdenum grades and production compared with the same quarter of 2007. Molybdenum production for the full year 2008 is expected to be approximately 30 per cent below 2007 following a decline in grades and recoveries.
Decreases in copper and gold refined production followed a 19 day scheduled refinery shutdown in July 2008 and an 11 day scheduled smelter maintenance shutdown in August 2008. The improvement in mined copper is expected to provide greater availability of concentrate with the smelter and refinery therefore expected to operate at higher rates in the fourth quarter. Higher mined grades take approximately three months to flow through to refined production.
Escondida
Mined copper for the quarter declined by 28 per cent compared with the corresponding period of 2007, following a significant decline in ore grade.
During the third quarter the Laguna Seca SAG mill suffered a number of shut downs due to electrical problems affecting the mills drive mechanism. Force majeure was declared on some deliveries of copper concentrate on 10 October. The shut down resulted in ten days of downtime of the mill and adversely impacted copper production by approximately 10,000 tonnes (100 per cent basis). The electrical issues will require a reduction in the voltage of the motor which will translate into a loss of production of about 15 per cent until the long term solution to the electrical issues can be implemented, which is currently expected to take nine months. Escondida has established changes to the mill operations to allow for rapid maintenance and minimise the impact of further production stoppages.
Grasberg
Third quarter Grasberg production numbers are estimates. The year to date numbers include first and second quarter actual production and third quarter estimates. Freeport releases its actual 100 per cent operating data for the third quarter on 21 October 2008.
Other operations
Copper grades at Northparkes recovered as the underground E26 Lift 2 North ramped up to full production, displacing the lower grade open cut material. Northparkes production for 2008 is expected to be more than 40 per cent below 2007.
Copper in concentrate produced at Palabora was 14 per cent higher than the corresponding period in 2007 and 35 per cent lower than the second quarter. The variance with the second quarter is due to a combination of a reduction in smelter secondary material processed and no reclaimed low grade concentrate.
DIAMONDS
Rio Tinto share of production (000 carats) |
||||||||||
Q3 08 | vs Q3 07 | vs Q2 08 | 9 mths 08 | vs 9 mths 07 | ||||||
Argyle | 4,659 | -4% | +56% | 9,823 | -23% | |||||
Diavik | 1,393 | -26% | -8% | 3,977 | -26% |
Third quarter production at Argyle declined slightly on the same quarter of 2007 but was 56 per cent higher than the previous quarter following the re-establishment of access to the high grade areas of the pit. This resulted in improved feed grade and higher throughput. Variability in feed grades and production rates will continue as the open pit approaches the end of its life and the mine transitions to an underground operation.
Third quarter production at Diavik was 26 per cent below the same quarter of 2007, primarily as a result of the overall reduction in grade that commenced in the fourth quarter of 2007, with the introduction of low grade, mud rich ore from the opening levels of the A418 pipe, as well as a higher volume of A418 ore being processed. The ongoing optimisation programme at Diavik continues to add value to this high quality asset.
ENERGY
US thermal coal |
||||||||||
Rio Tinto share of production (000 tonnes) | ||||||||||
Q3 08 | vs Q3 07 | vs Q2 08 | 9 mths 08 | vs 9 mths 07 | ||||||
Rio Tinto Energy America | 35,139 | +13% | +14% | 96,717 | +5% |
Record third quarter US coal production was the result of strong customer demand for Powder River Basin coal supported by incremental expansion in Rio Tinto Energy America’s mines. Coal shipments recovered from the severe weather conditions experienced in the second quarter
Australian coal |
||||||||||
Rio Tinto share of production (000 tonnes) | ||||||||||
Q3 08 | vs Q3 07 | vs Q2 08 | 9 mths 08 | vs 9 mths 07 | ||||||
Rio Tinto Coal Australia | ||||||||||
Hard coking coal | 2,187 | +40% | +7% | 5,268 | +14% | |||||
Other coal | 5,367 | +8% | -3% | 16,357 | +8% |
Hard coking coal production from the Queensland coal operations increased by 40 per cent compared with the same quarter of 2007 when severe port constraints were experienced. In addition, higher production was achieved at Kestrel following focused operational improvements.
In the Hunter Valley, production of semi soft coal increased compared with the third quarter of 2007 to take advantage of stronger prices. Vessel queues in New South Wales have reduced allowing production to be in line with allocations.
An investment programme by the owners and operators of the coal ports at Newcastle and Dalrymple Bay on the eastern seaboard of Australia is expected to increase capacity modestly in the remainder of 2008 and into 2009, followed by a major expansion of coal shipping capacity at Newcastle in 2010.
Uranium |
||||||||||
Rio Tinto share of production (000 lbs) | ||||||||||
Q3 08 | vs Q3 07 | vs Q2 08 | 9 mths 08 | vs 9 mths 07 | ||||||
Energy Resources of Australia |
1,905 | -4% | +16% | 5,559 | -3% | |||||
Rössing | 1,601 | +42% | +6% | 4,442 | +31% |
Access to higher grade ores at ERA was re-established during the quarter with a resultant recovery in production levels compared with the second quarter.
Higher grades at Rössing led to a 42 per cent improvement in production in the third quarter of 2008 compared with the same quarter of 2007, when a stripping campaign was being carried out.
MINERALS
Rio Tinto share of production (000 tonnes) |
||||||||||
Q3 08 | vs Q3 07 | vs Q2 08 | 9 mths 08 | vs 9 mths 07 | ||||||
Borates | 166 | +24% | -3% | 490 | +20% | |||||
Titanium dioxide | 394 | +11% | -3% | 1,155 | +7% |
Third quarter borates production rose by 24 per cent compared with the same quarter of 2007, with strong demand in Asia Pacific and Europe driving the processing plants to maximum capacity.
Titanium dioxide production increased by 11 percent compared with the same quarter of 2007 as the UGS plant reached record production levels.
Third quarter salt production of 1.9 million tonnes set a quarterly record.
EXPLORATION AND EVALUATION
Pre-tax expenditure on exploration and evaluation charged to the profit and loss account in the first nine months of 2008 was $661 million compared with $348 million in the same period of 2007 with most of the increase attributable to the advanced evaluation studies on major growth projects. Pre-feasibility or feasibility work progressed on a number of these projects including Resolution (copper/gold, US), La Granja (copper, Peru), Potasio Rio Colorado (potash, Argentina), Simandou (iron ore, Guinea) and several Pilbara iron ore deposits. This continues the momentum of the Group’s organic growth pipeline in its iron ore business in Western Australia.
In August 2008 Rio Tinto approved an investment of $652 million (Rio Tinto share $341 million) to support continued pre-feasibility studies on a large, Tier 1 copper deposit at its Resolution Copper operation in Arizona. Pre-feasibility studies are expected to be completed by 2012 with production at the new mine expected to start by 2020, with a targeted maximum production rate of 500,000 tonnes per annum of copper.
Delineation drilling continued on the Tamarack South nickel copper prospect at Lakeview in Minnesota. The programme is on-track to publish an inferred resource by year-end.
Drilling commenced at the Crowsnest coking coal property in British Columbia with two holes completed to date. Seismic surveys suggest minimal disruption of the multiple coal seams intersected in the two holes.
Potash exploration drilling commenced at Regina in Saskatchewan with two holes completed during the quarter. All three potash beds mined elsewhere in Saskatchewan are present in the drill holes. Assay results are awaited and the drilling programme continues.
A summary of activity for the period is as follows:
Product Group | Advanced projects | Greenfield programmes | ||
Aluminium | Australia, Brazil, Guyana | |||
Copper and Diamonds |
Tamarack nickel-copper, US: Order of Magnitude Study on-track for
year-end completion at Tamarack South.
Bunder diamonds, India: Handover to Rio Tinto Diamonds on-track for fourth quarter. |
Copper: Ongoing field work on the CODELCO JV in Chile, the RioNor JV
in Russia and in Kazakhstan, the US, Mexico, Peru and Argentina.
Diamonds: Early-stage exploration continued in India, Canada, Russia and the Democratic Republic of Congo. |
||
Energy & Minerals |
Altai Nuur coal, Mongolia
Order of Magnitude Study ongoing. Chilubane and Mutamba ilmenite, Mozambique; Jadar lithium borates, Serbia: Order of Magnitude Studies on-track for year-end completion. |
Coal: Drilling programmes planned or underway in Argentina,
Colombia, Canada, South Africa, Russia and Mongolia.
Industrial minerals: Ongoing potash and trona exploration in Australia, Canada and Turkey. |
||
Iron Ore | Pilbara, Australia: Delineation drilling continued at several advanced prospects. | Brazil. |
Mine-lease exploration continued at a number of Rio Tinto businesses including Kennecott Utah Copper, Northparkes, Energy Resources of Australia, Rössing, Diavik and Pilbara Iron. A major new exploration programme commenced on Rio Tinto Coal Australia properties.
In August 2008, Rio Tinto completed the sale of the Kintyre uranium project located in Western Australia to a joint venture comprising Cameco Corporation and Mitsubishi Development Pty Ltd for $495 million.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed public company, and Rio Tinto Limited, which is a public company listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.
Forward-Looking Statements
This announcement includes "forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding Rio Tinto’s financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to Rio Tinto’s products, production forecasts and reserve and resource positions), are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Rio Tinto, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Rio Tinto’s present and future business strategies and the environment in which Rio Tinto will operate in the future. Among the important factors that could cause Rio Tinto’s actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, levels of actual production during any period, levels of demand and market prices, the ability to produce and transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, operational problems, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by governmental authorities such as changes in taxation or regulation and such other risk factors identified in Rio Tinto's most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the "SEC") or Form 6-Ks furnished to the SEC. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this announcement. Rio Tinto expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code on Takeovers and Mergers (the "Takeover Code”), the UK Listing Rules, the Disclosure and Transparency Rules of the Financial Services Authority and the Listing Rules of the Australian Securities Exchange) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in Rio Tinto’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
Nothing in this announcement should be interpreted to mean that future earnings per share of Rio Tinto plc or Rio Tinto Limited will necessarily match or exceed its historical published earnings per share.
Subject to the requirements of the Takeover Code, none of Rio Tinto, any of its officers or any person named in this announcement with their consent or any person involved in the preparation of this announcement makes any representation or warranty (either express or implied) or gives any assurance that the implied values, anticipated results, performance or achievements expressed or implied in forward-looking statements contained in this announcement will be achieved.
Rio Tinto production summary | ||||||||||||||||||
Rio Tinto share of production | ||||||||||||||||||
|
QUARTER | 9 MONTHS | % CHANGE | |||||||||||||||
Principal Commodities |
2007 Q3 |
2008 Q2 |
2008 Q3 |
2007 |
2008 |
Q3 08 vs Q3 07 |
Q3 08 vs Q2 08 |
9 mths 08 vs 9 mths 07 |
||||||||||
Alumina | ('000 t) | 679 | 2,266 | 2,187 | 2,024 | 6,673 | 222% | -3% | 230% | |||||||||
Aluminium | ('000 t) | 215 | 1,014 | 1,012 | 640 | 3,051 | 371% | 0% | 377% | |||||||||
Bauxite | ('000 t) | 4,676 | 8,567 | 9,023 | 13,225 | 26,347 | 93% | 5% | 99% | |||||||||
Borates | ('000 t) | 134 | 171 | 166 | 408 | 490 | 24% | -3% | 20% | |||||||||
Coal - hard coking coal | ('000 t) | 1,564 | 2,038 | 2,187 | 4,635 | 5,268 | 40% | 7% | 14% | |||||||||
Coal - other Australian | ('000 t) | 4,983 | 5,542 | 5,367 | 15,117 | 16,357 | 8% | -3% | 8% | |||||||||
Coal - US | ('000 t) | 31,024 | 30,947 | 35,139 | 91,699 | 96,717 | 13% | 14% | 5% | |||||||||
Copper - mined | ('000 t) | 172.5 | 210.2 | 160.0 | 557.1 | 551.3 | -7% |
-24% |
-1% | |||||||||
Copper - refined | ('000 t) | 98.7 | 82.8 | 68.9 | 301.0 | 230.0 | -30% | -17% | -24% | |||||||||
Diamonds | ('000 cts) | 6,770 | 4,557 | 6,110 | 18,216 | 13,962 | -10% | 34% | -23% | |||||||||
Iron ore | ('000 t) | 36,390 | 41,860 | 42,404 | 105,751 | 121,635 | 17% | 1% | 15% | |||||||||
Titanium dioxide feedstock | ('000 t) | 356 | 405 | 394 | 1,075 | 1,155 | 11% | -3% | 7% | |||||||||
Uranium | ('000 lbs) | 3,105 | 3,149 | 3,507 | 9,112 | 10,001 | 13% | 11% | 10% | |||||||||
Other Metals & Minerals |
||||||||||||||||||
Gold - mined | ('000 ozs) | 269 | 114 | 130 | 745 | 337 | -51% | 14% | -55% | |||||||||
Gold - refined | ('000 ozs) | 128 | 73 | 77 | 390 | 231 | -40% | 5% | -41% | |||||||||
Molybdenum | ('000 t) | 3.5 | 2.2 | 2.9 | 11.9 | 8.6 | -15% | 32% | -28% | |||||||||
Pig Iron | ('000 t) | 29 | 41 | 2 | 42 | 55 | -92% | -94% | 30% | |||||||||
Salt | ('000 t) | 1,480 | 1,276 | 1,879 | 3,555 | 4,412 | 27% | 47% | 24% | |||||||||
Silver - mined | ('000 ozs) | 1,765 | 1,477 | 1,603 | 5,224 | 4,264 | -9% | 9% | -18% | |||||||||
Silver - refined | ('000 ozs) | 1,164 | 903 | 743 | 3,048 | 2,575 | -36% | -18% | -16% | |||||||||
Talc | ('000 t) | 318 | 337 | 290 | 997 | 969 | -9% | -14% | -3% |
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 nine month figures.
Rio Tinto share of production |
|||||||||||||||||
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | ||||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | ||||||||||
ALUMINA | |||||||||||||||||
Production ('000 tonnes) | |||||||||||||||||
Gardanne (a) | 100% | - | 21 | 21 | 5 | 11 | - | 37 | |||||||||
Gove (a) | 100% | - | 405 | 554 | 589 | 567 | - | 1,710 | |||||||||
Jonquiere (a) | 100% | - | 252 | 327 | 327 | 357 | - | 1,012 | |||||||||
Queensland Alumina (a) (b) | 80% | 377 | 662 | 756 | 773 | 754 | 1,104 | 2,284 | |||||||||
Sao Luis (Alumar) (a) | 10% | - | 29 | 38 | 39 | 35 | - | 111 | |||||||||
Yarwun | 100% | 301 | 339 | 348 | 327 | 269 | 920 | 944 | |||||||||
Speciality alumina plants (a) | 100% | - | 144 | 176 | 206 | 193 | - | 575 | |||||||||
Rio Tinto total alumina production | 679 | 1,853 | 2,220 | 2,266 | 2,187 | 2,024 | 6,673 | ||||||||||
ALUMINIUM (c) | |||||||||||||||||
Refined production ('000 tonnes) | |||||||||||||||||
Australia - Bell Bay | 100% | 45 | 45 | 44 | 45 | 44 | 132 | 133 | |||||||||
Australia - Boyne Island | 59% | 81 | 82 | 82 | 82 | 83 | 243 | 247 | |||||||||
Australia - Tomago (a) | 52% | - | 50 | 66 | 67 | 69 | - | 202 | |||||||||
Cameroon - Alucam (Edea) (a) | 47% | - | 9 | 9 | 10 | 12 | - | 31 | |||||||||
Canada - seven wholly owned (a) | 100% | - | 270 | 360 | 356 | 358 | - | 1,074 | |||||||||
Canada - Alouette (a) | 40% | - | 44 | 57 | 57 | 57 | - | 171 | |||||||||
Canada - Becancour (a) | 25% | - | 20 | 25 | 26 | 27 | - | 77 | |||||||||
China - Ningxia (Qingtongxia) (a) | 50% | - | 15 | 20 | 20 | 20 | - | 61 | |||||||||
France - three wholly owned (a) | 100% | - | 80 | 102 | 98 | 97 | - | 297 | |||||||||
Iceland - ISAL (Reykjavik) (a) | 100% | - | 35 | 46 | 46 | 47 | - | 139 | |||||||||
New Zealand - Tiwai Point (a) | 79% | 70 | 70 | 69 | 65 | 61 | 208 | 195 | |||||||||
Norway - SORAL (Husnes) (a) | 50% | - | 16 | 21 | 21 | 21 | - | 64 | |||||||||
Oman - Sohar (d) | 20% | - | - | - | - | 1.5 | - | 1.5 | |||||||||
UK - two wholly owned (a) | 100% | - | 42 | 55 | 55 | 55 | - | 166 | |||||||||
UK - Anglesey | 51% | 19 | 19 | 19 | 16 | 9 | 56 | 44 | |||||||||
USA - Sebree (a) | 100% | - | 37 | 49 | 49 | 50 | - | 148 | |||||||||
Rio Tinto total aluminium production | 215 | 834 | 1,025 | 1,014 | 1,012 | 640 | 3,051 |
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | ||||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | ||||||||||
BAUXITE | |||||||||||||||||
Production (‘000 tonnes) | |||||||||||||||||
Awaso (a) (e) | 80% | - | 173 | 164 | 128 | 168 | - | 460 | |||||||||
Sangaredi (a) | (f) | - | 1,248 | 1,770 | 1,511 | 1,610 | - | 4,891 | |||||||||
Gove (a) | 100% | - | 985 | 1,327 | 1,529 | 1,734 | - | 4,590 | |||||||||
Porto Trombetas (a) | 12% | - | 407 | 491 | 518 | 565 | - | 1,574 | |||||||||
Weipa (g) | 100% | 4,676 | 4,984 | 5,005 | 4,881 | 4,947 | 13,225 | 14,833 | |||||||||
Rio Tinto total bauxite production | 4,676 | 7,797 | 8,757 | 8,567 | 9,023 | 13,225 | 26,347 | ||||||||||
BORATES | |||||||||||||||||
Production (‘000 tonnes B2O3 content) | |||||||||||||||||
Rio Tinto Minerals – borates | 100% | 134 | 151 | 153 | 171 | 166 | 408 | 490 | |||||||||
COAL – HARD COKING | |||||||||||||||||
Rio Tinto Coal Australia (‘000 tonnes) | |||||||||||||||||
Hail Creek Coal | 82% | 864 | 1,090 | 663 | 1,429 | 1,361 | 3,020 | 3,453 | |||||||||
Kestrel Coal | 80% | 700 | 454 | 380 | 609 | 825 | 1,615 | 1,815 | |||||||||
Rio Tinto total hard coking coal production | 1,564 | 1,544 | 1,043 | 2,038 | 2,187 | 4,635 | 5,268 | ||||||||||
COAL – OTHER (h) | |||||||||||||||||
Rio Tinto Coal Australia (‘000 tonnes) | |||||||||||||||||
Bengalla | 30% | 422 | 417 | 319 | 487 | 393 | 1,144 | 1,198 | |||||||||
Blair Athol Coal | 71% | 1,374 | 1,023 | 1,808 | 1,719 | 1,799 | 4,622 | 5,326 | |||||||||
Hunter Valley Operations |
76% | 1,774 | 2,047 | 2,139 | 2,201 | 1,722 | 5,596 | 6,062 | |||||||||
Kestrel Coal | 80% | 261 | 145 | 110 | 197 | 226 | 684 | 534 | |||||||||
Mount Thorley Operations |
61% | 396 | 625 | 432 | 284 | 730 | 1,145 | 1,446 | |||||||||
Warkworth | 42% | 756 | 504 | 641 | 653 | 496 | 1,926 | 1,791 | |||||||||
Total Australian other coal | 4,983 | 4,760 | 5,449 | 5,542 | 5,367 | 15,117 | 16,357 | ||||||||||
Rio Tinto Energy America (‘000 tonnes) | |||||||||||||||||
Antelope | 100% | 7,601 | 8,292 | 7,958 | 7,951 | 8,374 | 22,975 | 24,283 | |||||||||
Colowyo | (g) | 1,280 | 1,232 | 1,001 | 1,045 | 1,190 | 3,846 | 3,235 | |||||||||
Cordero Rojo | 100% | 8,622 | 9,996 | 9,200 | 8,077 | 9,709 | 26,716 | 26,985 | |||||||||
Decker | 50% | 833 | 809 | 740 | 765 | 785 | 2,361 | 2,290 | |||||||||
Jacobs Ranch | 100% | 8,750 | 8,801 | 7,904 | 9,255 | 10,772 | 25,764 | 27,931 | |||||||||
Spring Creek | 100% | 3,938 | 4,254 | 3,829 | 3,855 | 4,311 | 10,037 | 11,994 | |||||||||
Total US coal | 31,024 | 33,384 | 30,632 | 30,947 | 35,139 | 91,699 | 96,717 | ||||||||||
Rio Tinto total other coal production | 36,006 | 38,144 | 36,080 | 36,488 | 40,506 | 106,817 | 113,074 |
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | ||||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | ||||||||||
COPPER | |||||||||||||||||
Mine production ('000 tonnes) (j) | |||||||||||||||||
Bingham Canyon | 100% | 49.5 | 53.0 | 44.7 | 60.2 | 69.3 | 159.2 | 174.2 | |||||||||
Escondida | 30% | 101.2 | 103.8 | 117.2 | 128.1 | 73.2 | 317.9 | 318.5 | |||||||||
Grasberg - Joint Venture (k) | 40% | 7.5 | 9.4 | 2.4 | 2.4 | 2.4 | 18.9 | 7.2 | |||||||||
Northparkes | 80% | 5.6 | 5.3 | 4.1 | 4.4 | 5.2 | 29.2 | 13.8 | |||||||||
Palabora | 58% | 8.7 | 9.3 | 12.8 | 15.1 | 9.9 | 31.9 | 37.7 | |||||||||
Rio Tinto total mine production | 172.5 | 180.8 | 185.2 | 214.9 | 165.9 | 557.1 | 566.0 | ||||||||||
Refined production ('000 tonnes) | |||||||||||||||||
Escondida | 30% | 16.1 | 15.8 | 15.7 | 21.0 | 18.6 | 55.7 | 55.3 | |||||||||
Kennecott Utah Copper | 100% | 68.7 | 59.3 | 52.1 | 49.3 | 40.6 | 206.3 | 142.0 | |||||||||
Palabora | 58% | 13.8 | 13.8 | 10.5 | 12.4 | 9.8 | 39.0 | 32.8 | |||||||||
Rio Tinto total refined production | 98.7 | 89.0 | 78.3 | 82.8 | 68.9 | 301.0 | 230.0 | ||||||||||
DIAMONDS | |||||||||||||||||
Production ('000 carats) | |||||||||||||||||
Argyle | 100% | 4,865 | 5,995 | 2,172 | 2,992 | 4,659 | 12,749 | 9,823 | |||||||||
Diavik | 60% | 1,874 | 1,766 | 1,071 | 1,513 | 1,393 | 5,399 | 3,977 | |||||||||
Murowa | 78% | 31 | 46 | 52 | 52 | 58 | 67 | 163 | |||||||||
Rio Tinto total diamond production | 6,770 | 7,807 | 3,296 | 4,557 | 6,110 | 18,216 | 13,962 | ||||||||||
GOLD | |||||||||||||||||
Mine production ('000 ounces) (j) | |||||||||||||||||
Barneys Canyon | 100% | 3 | 2 | 2 | 1 | 1 | 8 | 4 | |||||||||
Bingham Canyon | 100% | 86 | 88 | 67 | 91 | 110 | 309 | 268 | |||||||||
Escondida | 30% | 14 | 14 | 12 | 11 | 9 | 42 | 32 | |||||||||
Grasberg - Joint Venture (k) | 40% | 149 | 103 | - | - | - | 320 | - | |||||||||
Northparkes | 80% | 12 | 13 | 8 | 6 | 6 | 50 | 20 | |||||||||
Rawhide | 51% | 2 | 2 | 2 | 2 | 2 | 8 | 6 | |||||||||
Others | - | 3 | 3 | 2 | 2 | 2 | 8 | 6 | |||||||||
Rio Tinto total mine production | 269 | 225 | 93 | 114 | 130 | 745 | 337 | ||||||||||
Refined production ('000 ounces) | |||||||||||||||||
Kennecott Utah Copper | 100% | 128 | 133 | 81 | 73 | 77 | 390 | 231 |
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | ||||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | ||||||||||
IRON ORE & IRON | |||||||||||||||||
Production ('000 tonnes) (j) | |||||||||||||||||
Corumbá | 100% | 528 | 365 | 508 | 519 | 575 | 1,413 | 1,602 | |||||||||
Hamersley - six wholly owned mines | 100% | 23,990 | 25,799 | 23,731 | 26,113 | 26,653 | 68,767 | 76,496 | |||||||||
Hamersley - Channar | 60% | 1,554 | 1,448 | 1,484 | 1,686 | 1,880 | 4,881 | 5,050 | |||||||||
Hamersley – Eastern Range | (i) | 1,562 | 1,535 | 1,801 | 2,195 | 2,289 | 5,397 | 6,286 | |||||||||
Hope Downs(m) | 50% | 32 | 538 | 1,732 | 1,536 | - | 3,807 | ||||||||||
Iron Ore Company of Canada | 59% | 2,376 | 2,248 | 2,119 | 2,402 | 2,493 | 5,520 | 7,014 | |||||||||
RobeRiver | 53% | 6,381 | 7,529 | 7,189 | 7,212 | 6,979 | 19,773 | 21,381 | |||||||||
Rio Tinto total mine production | 36,390 | 38,956 | 37,371 | 41,860 | 42,404 | 105,751 | 121,635 | ||||||||||
Pig iron production ('000 tonnes) | |||||||||||||||||
HIsmelt® | 60% | 29 | 27 | 11 | 41 | 2 | 42 | 55 | |||||||||
MOLYBDENUM | |||||||||||||||||
Mine production ('000 tonnes) | |||||||||||||||||
Bingham Canyon | 100% | 3.5 | 3.0 | 3.4 | 2.2 | 2.9 | 11.9 | 8.6 | |||||||||
SALT | |||||||||||||||||
Production ('000 tonnes) | |||||||||||||||||
Rio Tinto Minerals – salt (n) | 68% | 1,480 | 1,686 | 1,257 | 1,276 | 1,879 | 3,555 | 4,412 | |||||||||
SILVER | |||||||||||||||||
Mine production ('000 ounces) (j) | |||||||||||||||||
Bingham Canyon | 100% | 757 | 892 | 616 | 855 | 1,011 | 2,595 | 2,481 | |||||||||
Escondida | 30% | 670 | 536 | 494 | 507 | 406 | 1,825 | 1,408 | |||||||||
Grasberg - Joint Venture (k) | 40% | 210 | 154 | - | - | - | 323 | - | |||||||||
Others | - | 127 | 121 | 74 | 115 | 109 | 480 | 298 | |||||||||
Rio Tinto total mine production | 1,765 | 1,703 | 1,184 | 1,477 | 1,603 | 5,224 | 4,264 | ||||||||||
Refined production ('000 ounces) | |||||||||||||||||
Kennecott Utah Copper | 100% | 1,164 | 1,317 | 929 | 903 | 743 | 3,048 | 2,575 | |||||||||
TALC | |||||||||||||||||
Production ('000 tonnes) | |||||||||||||||||
Rio Tinto Minerals - talc | 100% | 318 | 284 | 342 | 337 | 290 | 997 | 969 | |||||||||
TITANIUM DIOXIDE FEEDSTOCK | |||||||||||||||||
Production ('000 tonnes) | |||||||||||||||||
Rio Tinto Iron & Titanium | 100% | 356 | 384 | 356 | 405 | 394 | 1,075 | 1,155 |
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | ||||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | ||||||||||
URANIUM | |||||||||||||||||
Production ('000 lbs U3O8) | |||||||||||||||||
Energy Resources of Australia | 68% | 1,980 | 2,288 | 2,011 | 1,643 | 1,905 | 5,723 | 5,559 | |||||||||
Rössing | 69% | 1,126 | 1,216 | 1,335 | 1,505 | 1,601 | 3,389 | 4,442 | |||||||||
Rio Tinto total uranium production | 3,105 | 3,504 | 3,346 | 3,149 | 3,507 | 9,112 | 10,001 |
Production data notes |
||
(a) | Rio Tinto acquired the operating assets of Alcan with effect from 24 October 2007; production is shown as from that date. The Rio Tinto assets and the Alcan assets have been combined under the Rio Tinto Alcan name. | |
(b) | Rio Tinto held a 38.6% share in QAL until 24 October 2007; this increased to 80.0% following the Alcan acquisition | |
(c) | Following a review of the basis for reporting aluminium smelter production tonnes, the data reported now reflects hot metal production rather than saleable product tonnes. | |
(d) | Production at the Sohar smelter commenced in the third quarter of 2008. | |
(e) | Rio Tinto Alcan has an 80% interest in the Awaso mine but purchases the additional 20% of production | |
(f) | Rio Tinto has a 22.9% shareholding in the Sangaredi mine but receives 45% of production under the partnership agreement. | |
(g) | Includes beneficiated and calcined bauxite production. | |
(h) | Coal - other includes thermal coal and semi-soft coking coal. | |
(i) | In view of Rio Tinto Energy America's responsibilities under a management agreement for the operation of the Colowyo mine, all of Colowyo's output is included in Rio Tinto's share of production. | |
(j) | Mine production figures for metals refer to the total quantity of metal produced in concentrates, leach liquor or dore bullion irrespective of whether these products are then refined on-site, except for the data for iron ore which represent production of saleable quantities of ore plus pellets. | |
(k) | 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. Rio Tinto's share of production reflects an estimate of production for the first nine months of 2008 since the allocation to Rio Tinto is still under review following the September small scale failure in the pit. | |
(l) | 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. | |
(m) | Hope Downs started production in the fourth quarter of 2007 | |
(n) | Rio Tinto increased its shareholding in Rio Tinto Minerals - salt to 68.4% at the beginning of July 2007. |
The Rio Tinto percentage interest shown above is at 30 September 2008.
Where Rio Tinto's beneficial interest in an operation has changed, as footnoted above, the share of production has been calculated using the weighted average interest over the relevant periods.
Where Rio Tinto has wholly divested an operation, no data is included in the Share of Production tables.
Rio Tinto operational data |
||||||||||||||||
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | |||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | |||||||||
ALUMINIUM | ||||||||||||||||
Rio Tinto Alcan (a) | ||||||||||||||||
Bauxite Mines | ||||||||||||||||
Bauxite production ('000 tonnes) | ||||||||||||||||
Australia | ||||||||||||||||
Gove mine - Northern Territory (a) | 100.0% | - | 985 | 1,327 | 1,529 | 1,734 | - | 4,590 | ||||||||
Weipa mine - Queensland (b) | 100.0% | 4,676 | 4,984 | 5,005 | 4,881 | 4,947 | 13,225 | 14,833 | ||||||||
Brazil | ||||||||||||||||
Porto Trombetas (MRN) mine (a) | 12.0% | - | 3,392 | 4,093 | 4,314 | 4,706 | - | 13,113 | ||||||||
Ghana | ||||||||||||||||
Awaso mine (a) (c) | 80.0% | - | 216 | 205 | 160 | 209 | - | 574 | ||||||||
Guinea | ||||||||||||||||
Sangaredi mine (a) (d) | 22.9% | - | 2,774 | 3,934 | 3,357 | 3,578 | - | 10,869 | ||||||||
Rio Tinto Alcan share of bauxite shipments | ||||||||||||||||
Share of bauxite shipments ('000 tonnes) | 4,774 | 6,682 | 8,171 | 8,515 | 9,125 | 13,195 | 25,811 | |||||||||
Smelter-Grade Alumina Refineries |
||||||||||||||||
Alumina production ('000 tonnes) | ||||||||||||||||
Australia | ||||||||||||||||
Gove refinery - Northern Territory (a) | 100.0% | - | 405 | 554 | 589 | 567 | - | 1,710 | ||||||||
Queensland Alumina Refinery - Queensland (a) (e) | 80.0% | 977 | 956 | 945 | 967 | 943 | 2,860 | 2,855 | ||||||||
Yarwun refinery - Queensland | 100.0% | 301 | 339 | 348 | 327 | 269 | 920 | 944 | ||||||||
Brazil | ||||||||||||||||
Sao Luis (Alumar) refinery (a) | 10.0% | - | 288 | 379 | 387 | 347 | - | 1,113 | ||||||||
Canada | ||||||||||||||||
Jonquiere refinery - Quebec (a) | 100.0% | - | 252 | 327 | 327 | 357 | - | 1,012 | ||||||||
France | ||||||||||||||||
Gardanne refinery (a) | 100.0% | - | 21 | 21 | 5 | 11 | - | 37 |
Rio Tinto percentage interest shown above is at 30 September 2008. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | |||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | |||||||||
ALUMINIUM (continued) | ||||||||||||||||
Specialty Alumina Plants | ||||||||||||||||
Speciality alumina production ('000 tonnes) | ||||||||||||||||
Canada | ||||||||||||||||
Brockville plant - Quebec (a) | 100.0% | - | 3 | 4 | 4 | 4 | - | 13 | ||||||||
Jonquiere plant - Quebec (a) | 100.0% | - | 22 | 31 | 32 | 30 | - | 93 | ||||||||
France | ||||||||||||||||
Beyrede plant (a) | 100.0% | - | 6 | 7 | 7 | 7 | - | 21 | ||||||||
Gardanne plant (a) | 100.0% | - | 102 | 116 | 149 | 137 | - | 402 | ||||||||
La Bathie plant (a) | 100.0% | - | 5 | 9 | 8 | 8 | - | 25 | ||||||||
Germany | ||||||||||||||||
Teutschenthal plant (a) | 100.0% | - | 6 | 8 | 5 | 7 | - | 20 |
(a) | Rio Tinto acquired the operating assets of Alcan with effect from 24 October 2007; production is shown as from that date. The Rio Tinto assets and the Alcan assets have been combined under the Rio Tinto Alcan name. | |
(b) | For Weipa, beneficiated and calcined production, previously shown separately, are now shown on one row | |
(c) | Rio Tinto Alcan has an 80% interest in the Awaso mine but purchases the additional 20% of production | |
(d) | Rio Tinto has a 22.9% shareholding in the Sangaredi mine but receives 45% of production under the partnership agreement. | |
(e) | Rio Tinto held a 38.6% share in QAL until 24 October 2007; this increased to 80.0% following the Alcan acquisition |
Rio Tinto percentage interest shown above is at 30 September 2008. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | |||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | |||||||||
ALUMINIUM (continued) | ||||||||||||||||
Aluminium Smelters (a) | ||||||||||||||||
Primary aluminium production ('000 tonnes) | ||||||||||||||||
Australia | ||||||||||||||||
Bell Bay smelter - Tasmania | 100.0% | 45 | 45 | 44 | 45 | 44 | 132 | 133 | ||||||||
Boyne Island smelter - Queensland | 59.4% | 137 | 139 | 138 | 138 | 140 | 409 | 416 | ||||||||
Tomago smelter - New South Wales (b) | 51.6% | - | 97 | 127 | 131 | 133 | - | 391 | ||||||||
Cameroon | ||||||||||||||||
Alucam (Edea) smelter (b) | 46.7% | - | 19 | 20 | 21 | 25 | - | 67 | ||||||||
Canada | ||||||||||||||||
Alma smelter - Quebec (b) | 100.0% | - | 80 | 107 | 104 | 104 | - | 315 | ||||||||
Alouette (Sept-Iles) smelter - Quebec (b) | 40.0% | - | 109 | 142 | 142 | 143 | - | 428 | ||||||||
Arvida smelter - Quebec (b) | 100.0% | - | 32 | 42 | 43 | 43 | - | 129 | ||||||||
Beauharnois, smelter - Quebec (b) | 100.0% | - | 10 | 13 | 12 | 12 | - | 37 | ||||||||
Becancour smelter - Quebec (b) | 25.1% | - | 80 | 100 | 103 | 106 | - | 309 | ||||||||
Grande-Baie smelter - Quebec (b) | 100.0% | - | 40 | 52 | 53 | 53 | - | 158 | ||||||||
Kitimat smelter - British Colombia (b) | 100.0% | - | 47 | 63 | 61 | 61 | - | 186 | ||||||||
Laterriere smelter - Quebec (b) | 100.0% | - | 44 | 58 | 58 | 59 | - | 175 | ||||||||
Shawinigan smelter - Quebec (b) | 100.0% | - | 18 | 25 | 25 | 25 | - | 75 | ||||||||
China | ||||||||||||||||
Ningxia (Qingtongxia) smelter (b) | 50.0% | - | 31 | 41 | 40 | 41 | - | 122 | ||||||||
France | ||||||||||||||||
Dunkerque smelter (b) | 100.0% | - | 49 | 62 | 65 | 64 | - | 191 | ||||||||
Lannemezan smelter (b) (c) | 100.0% | - | 5 | 5 | - | - | - | 5 | ||||||||
St-Jean-de Maurienne smelter (b) | 100.0% | - | 25 | 34 | 33 | 33 | - | 100 | ||||||||
Iceland | ||||||||||||||||
ISAL (Reykjavik) smelter (b) | 100.0% | - | 35 | 46 | 46 | 47 | - | 139 | ||||||||
New Zealand | ||||||||||||||||
Tiwai Point smelter | 79.4% | 89 | 89 | 87 | 82 | 77 | 263 | 245 | ||||||||
Norway | ||||||||||||||||
SORAL (Husnes) smelter (b) | 50.0% | - | 32 | 43 | 42 | 43 | - | 128 | ||||||||
Oman | ||||||||||||||||
Sohar smelter (c) | 51.0% | - | - | - | - | 8 | - | 8 | ||||||||
United Kingdom | ||||||||||||||||
Anglesey Aluminium smelter | 51.0% | 37 | 37 | 37 | 32 | 18 | 110 | 86 | ||||||||
Lochaber smelter (b) | 100.0% | - | 8 | 11 | 11 | 11 | - | 33 | ||||||||
Lynemouth smelter (b) | 100.0% | - | 33 | 44 | 44 | 44 | - | 133 |
Rio Tinto percentage interest shown above is at 30 September 2008. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | |||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | |||||||||
ALUMINIUM (continued) | ||||||||||||||||
USA | ||||||||||||||||
Sebree smelter - Kentucky (b) | 100.0% | - | 37 | 49 | 49 | 50 | - | 148 | ||||||||
Rio Tinto Alcan share of metal sales | ||||||||||||||||
Share of primary aluminium sales ('000 tonnes) |
211 | 1,031 | 1,273 | 1,320 | 1,282 | 632 | 3,875 |
(a) | Following a review of the basis for reporting aluminium smelter production tonnes, the data reported now reflects hot metal production rather than saleable product tonnes. | |
(b) | Rio Tinto acquired the operating assets of Alcan with effect from 24 October 2007; production is shown as from that date. The Rio Tinto assets and the Alcan assets have been combined under the Rio Tinto Alcan name. | |
(c) | Production at the Sohar smelter commenced in the third quarter of 2008. |
BORATES | ||||||||||||||||
Rio Tinto Minerals - borates | 100.0% | |||||||||||||||
California, US and Argentina | ||||||||||||||||
Borates ('000 tonnes) (a) | 134 | 151 | 153 | 171 | 166 | 408 | 490 | |||||||||
(a) Production is expressed as B2O3 content. |
COAL | ||||||||||||||||
Rio Tinto Coal Australia | ||||||||||||||||
Bengalla mine | 30.3% | |||||||||||||||
New South Wales, Australia | ||||||||||||||||
Thermal coal production ('000 tonnes) | 1,394 | 1,376 | 1,053 | 1,607 | 1,296 | 3,779 | 3,956 | |||||||||
Blair Athol Coal mine | 71.2% | |||||||||||||||
Queensland, Australia | ||||||||||||||||
Thermal coal production ('000 tonnes) | 1,929 | 1,436 | 2,538 | 2,413 | 2,525 | 6,488 | 7,476 | |||||||||
Hail Creek Coal mine | 82.0% | |||||||||||||||
Queensland, Australia | ||||||||||||||||
Hard coking coal production ('000 tonnes) | 1,259 | 1,054 | 1,329 | 808 | 1,743 | 1,660 | 3,683 | |||||||||
Hunter Valley Operations | 75.7% | |||||||||||||||
New South Wales, Australia | ||||||||||||||||
Thermal coal production ('000 tonnes) | 1,883 | 2,046 | 2,143 | 1,830 | 1,645 | 6,219 | 5,618 | |||||||||
Semi-soft coking coal production ('000 tonnes) | 381 | 460 | 657 | 683 | 1,078 | 629 | 1,173 | |||||||||
Kestrel Coal mine | 80.0% | |||||||||||||||
Queensland, Australia | ||||||||||||||||
Thermal coal production ('000 tonnes) | 326 | 181 | 138 | 247 | 283 | 854 | 668 | |||||||||
Hard coking coal production ('000 tonnes) | 875 | 567 | 475 | 762 | 1,032 | 2,019 | 2,269 |
Rio Tinto percentage interest shown above is at 30 September 2008. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | |||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | |||||||||
COAL (continued) | ||||||||||||||||
Mount Thorley Operations | 60.6% | |||||||||||||||
New South Wales, Australia | ||||||||||||||||
Thermal coal production ('000 tonnes) | 261 | 731 | 382 | 428 | 919 | 1,198 | 1,728 | |||||||||
Semi-soft coking coal production ('000 tonnes) | 393 | 302 | 332 | 41 | 287 | 693 | ||||||||||
Tarong Coal mine (a) | 0.0% | |||||||||||||||
Queensland, Australia | ||||||||||||||||
Thermal coal production ('000 tonnes) | 872 | 881 | 262 | - | - | 3,629 | 262 | |||||||||
Warkworth mine | 42.1% | |||||||||||||||
New South Wales, Australia | ||||||||||||||||
Thermal coal production ('000 tonnes) | 1,663 | 1,197 | 1,522 | 1,507 | 965 | 4,178 | 3,994 | |||||||||
Semi-soft coking coal production ('000 tonnes) | 133 | - | 1 | 46 | 215 | 400 | 262 | |||||||||
Total hard coking coal production ('000 tonnes) | 1,929 | 1,896 | 1,284 | 2,504 | 2,692 | 5,702 | 6,480 | |||||||||
Total hard coking coal sales ('000 tonnes) (a) | 1,580 | 1,962 | 1,245 | 2,133 | 2,618 | 4,962 | 5,996 | |||||||||
Total other coal production ('000 tonnes) (c) | 9,314 | 8,808 | 9,052 | 9,196 | 8,765 | 28,611 | 27,012 | |||||||||
Total other coal sales ('000 tonnes) (d) (e) | 9,322 | 9,892 | 9,459 | 8,888 | 9,173 | 30,211 | 27,520 | |||||||||
Total coal production ('000 tonnes) | 11,243 | 10,704 | 10,336 | 11,700 | 11,457 | 34,312 | 33,493 | |||||||||
Total coal sales ('000 tonnes) | 10,902 | 11,854 | 10,703 | 11,021 | 11,792 | 35,172 | 33,517 | |||||||||
Rio Tinto Coal Australia share | ||||||||||||||||
Share of hard coking coal sales ('000 tonnes) | 1,285 | 1,600 | 1,015 | 1,740 | 2,129 | 4,038 | 4,883 | |||||||||
Share of other coal sales ('000 tonnes) (c) (d) | 5,937 | 6,285 | 5,994 | 5,459 | 5,630 | 19,912 | 17,082 |
(a) | Some Kestrel thermal coal is blended with and sold as coking coal. | |
(b) | Rio Tinto sold its 100% share in Tarong with an effective date of 31 January 2008 and production data are shown up to that date. | |
(c) | Other coal production includes thermal coal and semi-soft coking coal. | |
(d) | Other coal sales includes thermal coal, semi-soft coking coal and semi-hard coking coal (a mixture of thermal coal and coking coal). | |
(e) | Sales relate only to coal mined by the operations and exclude traded coal. |
Rio Tinto percentage interest shown above is at 30 September 2008. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | |||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | |||||||||
COAL (continued) | ||||||||||||||||
Rio Tinto Energy America | ||||||||||||||||
Antelope mine | 100.0% | |||||||||||||||
Wyoming, US | ||||||||||||||||
Thermal coal production ('000 tonnes) | 7,601 | 8,292 | 7,958 | 7,951 | 8,374 | 22,975 | 24,283 | |||||||||
Colowyo mine | (a) | |||||||||||||||
Colorado, US | ||||||||||||||||
Thermal coal production ('000 tonnes) | 1,280 | 1,232 | 1,001 | 1,045 | 1,190 | 3,846 | 3,235 | |||||||||
Cordero Rojo mine | 100.0% | |||||||||||||||
Wyoming, US | ||||||||||||||||
Thermal coal production ('000 tonnes) | 8,622 | 9,996 | 9,200 | 8,077 | 9,709 | 26,716 | 26,985 | |||||||||
Decker mine | 50.0% | |||||||||||||||
Montana, US | ||||||||||||||||
Thermal coal production ('000 tonnes) | 1,666 | 1,618 | 1,480 | 1,530 | 1,570 | 4,722 | 4,579 | |||||||||
Jacobs Ranch mine | 100.0% | |||||||||||||||
Wyoming, US | ||||||||||||||||
Thermal coal production ('000 tonnes) | 8,750 | 8,801 | 7,904 | 9,255 | 10,772 | 25,764 | 27,931 | |||||||||
Spring Creek mine | 100.0% | |||||||||||||||
Montana, US | ||||||||||||||||
Thermal coal production ('000 tonnes) | 3,938 | 4,254 | 3,829 | 3,855 | 4,311 | 10,037 | 11,994 | |||||||||
Total coal production ('000 tonnes) | 31,857 | 34,192 | 31,372 | 31,711 | 35,924 | 94,060 | 99,007 | |||||||||
Total coal sales ('000 tonnes) | 32,165 | 33,891 | 31,393 | 31,301 | 35,904 | 94,369 | 98,598 |
(a) | In view of Rio Tinto Energy America's responsibilities under a management agreement for the operation of the Colowyo mine, all of Colowyo's output is included in Rio Tinto's share of production. |
Rio Tinto percentage interest shown above is at 30 September 2008. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | |||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | |||||||||
COPPER & GOLD | ||||||||||||||||
Escondida | 30.0% | |||||||||||||||
Chile | ||||||||||||||||
Sulphide ore to concentrator ('000 tonnes) | 22,406 | 21,777 | 22,029 | 24,491 | 20,416 | 68,920 | 66,935 | |||||||||
Average copper grade (%) | 1.63 | 1.72 | 1.56 | 1.55 | 1.32 | 1.61 | 1.48 | |||||||||
Mill production (metals in concentrates): | ||||||||||||||||
Contained copper ('000 tonnes) | 305.2 | 316.8 | 284.7 | 312.7 | 208.6 | 929.9 | 806.1 | |||||||||
Contained gold ('000 ounces) | 48 | 45 | 39 | 38 | 31 | 141 | 108 | |||||||||
Contained silver ('000 ounces) | 2,234 | 1,786 | 1,647 | 1,691 | 1,355 | 6,084 | 4,693 | |||||||||
Ore to leach ('000 tonnes) | 7,329 | 3,723 | 19,156 | 28,570 | 5,064 | 31,273 | 52,791 | |||||||||
Average copper grade (%) | 0.44 | 0.78 | 0.55 | 0.40 | 0.70 | 0.41 | 0.48 | |||||||||
Contained copper in leachate/ mined material ('000 tonnes) |
32 | 29 | 106 | 114 | 35 | 130 | 256 | |||||||||
Refined production from leach plants: | ||||||||||||||||
Copper cathode production ('000 tonnes) | 54 | 53 | 52 | 70 | 62 | 186 | 184 | |||||||||
Freeport-McMoRan Copper & Gold | 0.0% | (40.0% of the expansion) | ||||||||||||||
Grasberg mine (a) | ||||||||||||||||
Papua, Indonesia | ||||||||||||||||
Ore treated ('000 tonnes) | 18,267 | 19,195 | 16,363 | 16,683 | 17,755 | 58,398 | 50,801 | |||||||||
Average mill head grades: | ||||||||||||||||
Copper (% | 0.58 | 0.65 | 0.70 | 0.75 | 0.82 | 0.88 | 0.76 | |||||||||
Gold (g/t) | 0.70 | 0.52 | 0.61 | 0.54 | 0.61 | 1.47 | 0.59 | |||||||||
Silver (g/t) | 2.91 | 2.77 | 3.28 | 3.24 | 3.14 | 3.78 | 3.22 | |||||||||
Production of metals in concentrates: | ||||||||||||||||
Copper in concentrates ('000 tonnes) | 90.8 | 107.1 | 100.8 | 111.1 | 128.9 | 462.3 | 340.7 | |||||||||
Gold in concentrates ('000 ounces) | 336 | 254 | 253 | 228 | 273 | 2,435 | 754 | |||||||||
Silver in concentrates ('000 ounces) | 693 | 875 | 979 | 1,024 | 1,102 | 4,362 | 3,105 | |||||||||
Sales of payable metals in concentrates: (b) | ||||||||||||||||
Copper in concentrates ('000 tonnes) | 96.9 | 91.5 | 101.1 | 110.3 | 128.2 | 448.5 | 339.6 | |||||||||
Gold in concentrates ('000 ounces) | 383 | 220 | 253 | 235 | 271 | 2,371 | 760 | |||||||||
Silver in concentrates ('000 ounces) | 598 | 585 | 784 | 819 | 873 | 3,372 | 2,476 |
(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 3Q 2008 results are estimates and the nine months 2008 results include the 1Q 2008 and 2Q 2008 actuals and 3Q 2008 estimates. FCX is not releasing its actual 100% operating data for 3Q 2008 until the release of its 2008 third quarter and nine month results on 21 October 2008. | |
(b) | Net of smelter deductions. |
Rio Tinto percentage interest shown above is at 30 September 2008. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | |||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | |||||||||
COPPER & GOLD (continued) | ||||||||||||||||
Kennecott Minerals Company | ||||||||||||||||
Cortez/Pipeline mine (a) | 0.0% | |||||||||||||||
Nevada, US | ||||||||||||||||
Ore treated | ||||||||||||||||
Milled ('000 tonnes) | 914 | 648 | 491 | - | - | 2,375 | 491 | |||||||||
Leached ('000 tonnes) | 4,775 | 8,510 | 1,839 | - | - | 21,738 | 1,839 | |||||||||
Sold for roasting ('000 tonnes) | - | - | - | - | - | - | - | |||||||||
Average ore grade: gold | ||||||||||||||||
Milled (g/t) | 2.83 | 4.18 | 3.40 | - | - | 2.71 | 3.40 | |||||||||
Leached (g/t) | 0.50 | 0.50 | 0.50 | - | - | 0.51 | 0.50 | |||||||||
Sold for roasting (g/t) | - | - | - | - | - | - | - | |||||||||
Gold produced ('000 ounces) | 134 | 138 | 72 | - | - | 400 | 72 | |||||||||
Greens Creek mine (a) | 0.0% | |||||||||||||||
Alaska, US | ||||||||||||||||
Ore treated ('000 tonnes) | 178 | 172 | 153 | 18 | - | 492 | 171 | |||||||||
Average ore grades: | ||||||||||||||||
Gold (g/t) | 4.85 | 4.86 | 5.20 | 4.38 | - | 4.63 | 5.11 | |||||||||
Silver (g/t) | 533 | 416 | 465 | 374 | - | 570 | 456 | |||||||||
Zinc (%) | 9.6 | 10.3 | 10.3 | 10.2 | - | 9.5 | 10.3 | |||||||||
Lead (%) | 3.7 | 3.5 | 3.7 | 3.7 | - | 3.7 | 3.7 | |||||||||
Metals produced in concentrates: | ||||||||||||||||
Gold ('000 ounces) | 19 | 18 | 16 | 1 | - | 50 | 18 | |||||||||
Silver ('000 ounces) | 2,287 | 1,672 | 1,668 | 147 | - | 6,974 | 1,815 | |||||||||
Zinc ('000 tonnes) | 13.7 | 13.9 | 12.3 | 1.6 | - | 36.9 | 13.9 | |||||||||
Lead ('000 tonnes) | 4.6 | 4.3 | 4.0 | 0.6 | - | 12.7 | 4.6 | |||||||||
Rawhide mine (b) | 51.0% | |||||||||||||||
Nevada, US | ||||||||||||||||
Metals produced in doré: | ||||||||||||||||
Gold ('000 ounces) | 4 | 4 | 3 | 4 | 5 | 16 | 12 | |||||||||
Silver ('000 ounces) | 34 | 21 | 26 | 36 | 40 | 139 | 102 |
(a) | On 5 March 2008 (effective end of February) Rio Tinto completed the sale of its interest in the Cortez joint venture to its partner and on 16 April 2008 Rio Tinto completed the sale of its interest in the Greens Creek joint venture to its partner. Production data for these mines are shown up to those dates. | |
(b) | Mining operations were completed in October 2002 and processing of stockpiled ores was completed in May 2003. Residual gold and silver production continues from the leach pads. |
Rio Tinto percentage interest shown above is at 30 September 2008. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | |||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | |||||||||
COPPER & GOLD (continued) | ||||||||||||||||
Kennecott Utah Copper | ||||||||||||||||
Barneys Canyon mine (a) | 100.0% | |||||||||||||||
Utah, US | ||||||||||||||||
Gold produced ('000 ounces) | 3 | 2 | 2 | 1 | 1 | 8 | 4 | |||||||||
Bingham Canyon mine | 100.0% | |||||||||||||||
Utah, US | ||||||||||||||||
Ore treated ('000 tonnes) | 10,988 | 12,116 | 10,867 | 12,918 | 13,228 | 35,409 | 37,013 | |||||||||
Average ore grade: | ||||||||||||||||
Copper (%) | 0.52 | 0.51 | 0.49 | 0.57 | 0.62 | 0.54 | 0.56 | |||||||||
Gold (g/t) | 0.36 | 0.31 | 0.30 | 0.34 | 0.37 | 0.41 | 0.34 | |||||||||
Silver (g/t) | 2.87 | 2.93 | 2.43 | 2.94 | 3.14 | 3.03 | 2.86 | |||||||||
Molybdenum (%) | 0.050 | 0.043 | 0.050 | 0.045 | 0.043 | 0.052 | 0.046 | |||||||||
Copper concentrates produced ('000 tonnes) | 222 | 230 | 193 | 225 | 262 | 659 | 680 | |||||||||
Average concentrate grade (% Cu) | 22.2 | 23.0 | 23.0 | 26.6 | 26.4 | 24.1 | 25.5 | |||||||||
Production of metals in copper concentrates: | ||||||||||||||||
Copper ('000 tonnes) (b) | 49.5 | 53.0 | 44.7 | 60.2 | 69.3 | 159.2 | 174.2 | |||||||||
Gold ('000 ounces) | 86 | 88 | 67 | 91 | 110 | 309 | 268 | |||||||||
Silver ('000 ounces) | 757 | 892 | 616 | 855 | 1,011 | 2,595 | 2,481 | |||||||||
Molybdenum concentrates produced ('000 tonnes): |
6.2 | 5.4 | 6.2 | 4.0 | 5.4 | 21.2 | 15.7 | |||||||||
Molybdenum in concentrates ('000 tonnes) | 3.5 | 3.0 | 3.4 | 2.2 | 2.9 | 11.9 | 8.6 | |||||||||
Kennecott smelter & refinery | 100.0% | |||||||||||||||
Copper concentrates smelted ('000 tonnes) | 263 | 272 | 237 | 208 | 216 | 832 | 661 | |||||||||
Copper anodes produced ('000 tonnes) (c) | 61.8 | 56.7 | 49.7 | 47.9 | 39.9 | 204.5 | 137.5 | |||||||||
Production of refined metal: | ||||||||||||||||
Copper ('000 tonnes) | 68.7 | 59.3 | 52.1 | 49.3 | 40.6 | 206.3 | 142.0 | |||||||||
Gold ('000 ounces) (d) | 128 | 133 | 81 | 73 | 77 | 390 | 231 | |||||||||
Silver ('000 ounces) (d) | 1,164 | 1,317 | 929 | 903 | 743 | 3,048 | 2,575 |
(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. | |
(c) | New metal excluding recycled material. | |
(d) | Includes gold and silver in intermediate products. |
Rio Tinto percentage interest shown above is at 30 September 2008. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | |||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | |||||||||
COPPER & GOLD (continued) | ||||||||||||||||
Northparkes Joint Venture | 80.0% | |||||||||||||||
New South Wales, Australia | ||||||||||||||||
Ore treated ('000 tonnes) | 1,264 | 1,304 | 1,234 | 1,330 | 1,343 | 3,994 | 3,908 | |||||||||
Average ore grades: | ||||||||||||||||
Copper (%) | 0.65 | 0.59 | 0.49 | 0.49 | 0.55 | 1.02 | 0.51 | |||||||||
Gold (g/t) | 0.50 | 0.51 | 0.35 | 0.25 | 0.23 | 0.65 | 0.28 | |||||||||
Copper concentrates produced ('000 tonnes) | 21.4 | 19.6 | 16.1 | 18.4 | 19.9 | 96.0 | 54.4 | |||||||||
Contained copper in concentrates: | ||||||||||||||||
Saleable production ('000 tonnes) | 7.0 | 6.6 | 5.1 | 5.5 | 6.6 | 36.6 | 17.2 | |||||||||
Sales ('000 tonnes) (a) | 9.5 | 8.2 | 2.7 | 3.3 | 7.2 | 39.4 | 13.3 | |||||||||
Contained gold in concentrates: | ||||||||||||||||
Saleable production ('000 ounces) | 15.1 | 16.3 | 10.0 | 7.7 | 7.4 | 62.5 | 25.1 | |||||||||
Sales ('000 ounces) (a) | 23.3 | 16.7 | 6.0 | 8.5 | 9.8 | 58.6 | 24.3 |
(a) | Rio Tinto's 80% share of material from the Joint Venture. |
Palabora |
57.7% |
|||||||||||||||
Palabora mine | ||||||||||||||||
South Africa | ||||||||||||||||
Ore treated ('000 tonnes) | 3,046 | 3,958 | 3,181 | 3,027 | 3,096 |
8,957 |
9,303 |
|||||||||
Average ore grade: copper (%) | 0.68 | 0.69 | 0.71 | 0.71 | 0.66 | 0.70 | 0.69 | |||||||||
Copper concentrates produced ('000 tonnes) | 48.6 | 52.5 | 73.9 | 89.4 | 56.5 | 186.7 | 219.8 | |||||||||
Average concentrate grade: copper (%) | 31.0 | 30.7 | 29.9 | 29.2 | 30.3 | 29.6 | 29.7 | |||||||||
Copper in concentrates ('000 tonnes) | 15.0 | 16.1 | 22.1 | 26.1 | 17.1 | 55.2 | 65.3 | |||||||||
Palabora smelter/refinery | ||||||||||||||||
New concentrate smelted on site ('000 tonnes) | 73.9 | 74.1 | 66.4 | 72.3 | 52.5 | 221.7 | 191.3 | |||||||||
New copper anodes produced ('000 tonnes) | 24.0 | 22.7 | 18.1 | 22.3 | 14.9 | 68.0 | 55.3 | |||||||||
Refined new copper produced ('000 tonnes) | 24.0 | 24.0 | 18.3 | 21.6 | 17.0 | 67.7 | 56.8 | |||||||||
By-products: | ||||||||||||||||
Magnetite concentrate ('000 tonnes) | 361 | 363 | 446 | 475 | 562 | 943 | 1,482 | |||||||||
Nickel contained in products (tonnes) (a) | 43 | 45 | 42 | 26 | 13 | 59 | 81 | |||||||||
Vermiculite plant | ||||||||||||||||
Vermiculite produced ('000 tonnes) | 50 | 50 | 50 | 50 | 50 | 150 | 150 |
(a) | Nickel production is now reported as contained nickel in product. |
Rio Tinto percentage interest shown above is at 30 September 2008. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | |||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | |||||||||
DIAMONDS | ||||||||||||||||
Argyle Diamonds | 100.0% | |||||||||||||||
Western Australia | ||||||||||||||||
AK1 ore processed ('000 tonnes) | 2,362 | 1,917 | 1,549 | 1,794 | 1,660 | 6,708 | 5,003 | |||||||||
AK1 diamonds produced ('000 carats) | 4,865 | 5,995 | 2,172 | 2,992 | 4,659 | 12,749 | 9,823 | |||||||||
Diavik Diamonds | 60.0% | |||||||||||||||
Northwest Territories, Canada | ||||||||||||||||
Ore processed ('000 tonnes) | 656 | 581 | 437 | 716 | 692 | 1,819 | 1,845 | |||||||||
Diamonds recovered ('000 carats) | 3,123 | 2,944 | 1,785 | 2,522 | 2,321 | 8,999 | 6,628 | |||||||||
Murowa Diamonds | 77.8% | |||||||||||||||
Zimbabwe | ||||||||||||||||
Ore processed ('000 tonnes) | 55 | 72 | 88 | 92 | 103 | 131 | 283 | |||||||||
Diamonds recovered ('000 carats) | 40 | 59 | 67 | 67 | 75 | 86 | 209 | |||||||||
IRON ORE & IRON | ||||||||||||||||
Rio Tinto Iron Ore | ||||||||||||||||
Pilbara Operations | ||||||||||||||||
Western Australia | ||||||||||||||||
Saleable iron ore production ('000 tonnes): | ||||||||||||||||
Hamersley - Paraburdoo, Mount Tom Price, Marandoo, Yandicoogina, Brockman and Nammuldi |
100.0% | 23,990 | 25,799 | 23,731 | 26,113 | 26,653 | 68,767 | 76,496 | ||||||||
Hamersley - Channar | 60.0% | 2,589 | 2,413 | 2,474 | 2,810 | 3,133 | 8,136 | 8,417 | ||||||||
Hamersley - Eastern Range | (a) | 1,562 | 1,535 | 1,801 | 2,195 | 2,289 | 5,397 | 6,286 | ||||||||
Hope Downs (b) | 50.0% | - | 64 | 1,076 | 3,465 | 3,072 | - | 7,613 | ||||||||
Robe River - Pannawonica | 53.0% | 5,608 | 6,812 | 6,811 | 6,680 | 7,102 | 18,677 | 20,593 | ||||||||
Robe River - West Angelas | 53.0% | 6,432 | 7,393 | 6,753 | 6,928 | 6,067 | 18,630 | 19,749 | ||||||||
Total production ('000 tonnes) | 40,180 | 44,016 | 42,646 | 48,191 | 48,316 | 119,607 | 139,154 | |||||||||
Total sales ('000 tonnes) (c) | 40,271 | 43,971 | 43,083 | 46,033 | 48,715 | 116,815 | 137,831 |
(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) | Hope Downs started production in the fourth quarter of 2007 | |
(c) | Sales represent iron ore exported from Western Australian ports. |
Rio Tinto percentage interest shown above is at 30 September 2008. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | |||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | |||||||||
IRON ORE & IRON (continued) | ||||||||||||||||
Iron Ore Company of Canada | 58.7% | |||||||||||||||
Newfoundland & Labrador and Quebec in Canada | ||||||||||||||||
Saleable iron ore production: | ||||||||||||||||
Concentrates ('000 tonnes) | 723 | 505 | 360 | 939 | 1,017 | 1,418 | 2,316 | |||||||||
Pellets ('000 tonnes) | 3,323 | 3,324 | 3,249 | 3,151 | 3,228 | 7,982 | 9,628 | |||||||||
Sales: | ||||||||||||||||
Concentrate ('000 tonnes) | 820 | 855 | 262 | 563 | 1,147 | 1,552 | 1,972 | |||||||||
Pellets ('000 tonnes) | 3,327 | 3,146 | 2,547 | 4,018 | 3,294 | 7,845 | 9,859 | |||||||||
Rio Tinto Brasil | ||||||||||||||||
Corumbá mine | 100.0% | |||||||||||||||
Mato Grosso do Sul, Brazil | ||||||||||||||||
Saleable iron ore production ('000 tonnes) (a) | 528 | 365 | 508 | 519 | 575 | 1,413 | 1,602 | |||||||||
Sales ('000 tonnes) | 401 | 112 | 369 | 462 | 699 | 993 | 1,531 |
(a) | Production includes by-product fines. |
HIsmelt® | 60.0% | |||||||||||||||
Western Australia | ||||||||||||||||
Pig iron production ('000 tonnes) | 49 | 45 | 18 | 69 | 4 | 70 | 90 | |||||||||
SALT | ||||||||||||||||
Rio Tinto Minerals - salt (a) | 68.4% | |||||||||||||||
Western Australia | ||||||||||||||||
Salt production ('000 tonnes) | 2,165 | 2,467 | 1,840 | 1,867 | 2,748 | 5,360 | 6,455 |
(a) | Rio Tinto increased its shareholding in Rio Tinto Minerals - salt to 68.4% at the beginning of July 2007. |
TALC | ||||||||||||||||
Rio Tinto Minerals - talc | 100.0% | |||||||||||||||
Australia, Europe, and North America | ||||||||||||||||
Talc production ('000 tonnes) | 318 | 284 | 342 | 337 | 290 | 997 | 969 | |||||||||
TITANIUM DIOXIDE FEEDSTOCK | ||||||||||||||||
Rio Tinto Iron & Titanium | 100.0% | |||||||||||||||
Canada and South Africa | ||||||||||||||||
(Rio Tinto share) | ||||||||||||||||
Titanium dioxide feedstock production ('000 tonnes) | 356 | 384 | 356 | 405 | 394 | 1,075 | 1,155 |
Rio Tinto percentage interest shown above is at 30 September 2008. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto | 3Q | 4Q | 1Q | 2Q | 3Q | 9 MTHS | 9 MTHS | |||||||||
interest | 2007 | 2007 | 2008 | 2008 | 2008 | 2007 | 2008 | |||||||||
URANIUM | ||||||||||||||||
Energy Resources of Australia Ltd | ||||||||||||||||
Ranger mine | 68.4% | |||||||||||||||
Northern Territory, Australia | ||||||||||||||||
Production ('000 lbs U3O8) | 2,895 | 3,346 | 2,940 | 2,403 | 2,786 | 8,368 | 8,129 | |||||||||
Rössing Uranium Ltd | 68.6% | |||||||||||||||
Namibia | ||||||||||||||||
Production ('000 lbs U3O8) | 1,641 | 1,773 | 1,947 | 2,195 | 2,335 | 4,941 | 6,477 |
Rio Tinto percentage interest shown above is at 30 September 2008. The data represent full production and sales on a 100% basis unless otherwise stated.
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Aktien in diesem Artikel
Rio Tinto plc | 56,72 | -0,68% |
Indizes in diesem Artikel
STOXX 50 | 4 250,95 | -1,62% | |
FTSE 100 | 8 084,61 | -0,26% | |
FTSE Allshare | 4 421,11 | -0,18% | |
NYSE International 100 | 7 657,51 | 0,22% |