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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rio Tinto Plc | LSE:RIO | London | Ordinary Share | GB0007188757 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 28.00 | 0.54% | 5,236.00 | 5,236.00 | 5,238.00 | 5,248.00 | 5,202.00 | 5,215.00 | 4,480,120 | 16:29:59 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | 54.86B | 10.06B | 6.1815 | 8.47 | 85.2B |
From Jun 2019 to Jun 2024
TIDMRIO
RNS Number : 7793X
Rio Tinto PLC
15 January 2014
Rio Tinto announces record production for iron ore, bauxite and thermal coal in 2013
16 January 2014
Rio Tinto chief executive Sam Walsh said "These are excellent fourth quarter operational results, demonstrating continued delivery on our commitments. We have set new records for iron ore production and shipments as we ramp up our 290 expansion, as well as achieving an impressive recovery in copper volumes and record annual production for both bauxite and thermal coal. We have exceeded our cost cutting targets for the year and announced or completed $3.5 billion of non-core asset sales. These actions, together with lower capital expenditure in 2013 and beyond, will ensure that Rio Tinto is well positioned to deliver greater value to shareholders."
Highlights
Hot Features
Premium
Q4 2013 vs Q4 2012 vs Q3 2013 2013 vs 2012
----------------------- ---------- -------- ----------- ----------- ------ --------
Global iron ore mt (100%
shipments basis) 72.4 +8% +6% 259.0 +5%
----------------------- ---------- -------- ----------- ----------- ------ --------
Global iron ore mt (100%
production basis) 70.4 +6% +3% 266.0 +5%
----------------------- ---------- -------- ----------- ----------- ------ --------
kt (RT
Mined copper share) 172.8 +5% +6% 631.5 +15%
----------------------- ---------- -------- ----------- ----------- ------ --------
mt (RT
Bauxite share) 11.4 +7% +2% 43.2 +10%
----------------------- ---------- -------- ----------- ----------- ------ --------
kt (RT
Aluminium share) 868 -4% -1% 3,555 +3%
----------------------- ---------- -------- ----------- ----------- ------ --------
mt (RT
Hard coking coal share) 2.4 +25% +7% 8.2 +2%
----------------------- ---------- -------- ----------- ----------- ------ --------
Semi-soft and thermal mt (RT
coal share) 6.5 -9% -7% 26.8 +12%
----------------------- ---------- -------- ----------- ----------- ------ --------
Titanium dioxide kt (RT
feedstock share) 361 -20% -3% 1,622 +2%
----------------------- ---------- -------- ----------- ----------- ------ --------
-- Record quarterly and annual iron ore production, shipments and rail volumes. Shipments from the Pilbara exceeded production by two million tonnes in the fourth quarter, despite impacts from cyclone Christine, which closed the ports for three days at the end of the year and affected the progressive recovery of rail and ports into January. The safe and efficient ramp up to 290 Mt/a nameplate capacity across mines, rail and ports remains on track for completion by the end of the first half of 2014.
-- Mined copper benefited from the ramp up of production at Oyu Tolgoi to full capacity and continued improvement in grades and throughput at Kennecott Utah Copper. The heavy equipment access road at Kennecott was completed in October giving renewed access to the entire open pit earlier than originally scheduled.
-- Record annual production and shipments for bauxite, with production records at both Australian mines and in Guinea.
-- Production of semi-soft and thermal coal improved significantly for the full year due to productivity improvement initiatives and the completion of brownfield mine developments.
-- Over $2 billion of operating cash cost improvements achieved in 2013 compared with 2012.
-- Exploration and evaluation expenditure reduced by over $1 billion in 2013 compared with 2012, exceeding the $750 million target set for the year.
-- Non-core asset divestments totalling $3.5 billion announced in 2013, of which $2.5 billion completed in 2013.
-- On 8 January 2014, Turquoise Hill Resources announced the successful completion of its approximately $2.4 billion rights offering which was fully subscribed. The proceeds of the rights issue will be used to repay loans outstanding to Rio Tinto, and will result in a $1.2 billion reduction in Rio Tinto's consolidated net debt.
IRON ORE
Rio Tinto share of production (million tonnes)
Q4 2013 vs Q4 2012 vs Q3 2013 2013 vs 2012
Pilbara Blend Lump 13.7 +9% +3% 52.1 +7%
Pilbara Blend Fines 20.5 +16% +6% 76.5 +9%
Robe Valley Lump 1.6 +1% -2% 5.9 +6%
Robe Valley Fines 3.0 -10% -3% 11.7 +2%
Yandicoogina Fines
(HIY) 14.5 0% +5% 53.7 -2%
IOC (pellets and
concentrate) 2.3 +1% -1% 9.0 +9%
-------------------- ------- ---------- ---------- ---- -------
Global iron ore production for the full year of 266 million tonnes (Rio Tinto share 209 million tonnes) set a new annual record, five per cent higher than in 2012. Fourth quarter global production of 70 million tonnes (Rio Tinto share 56 million tonnes) was six per cent higher than the same period in 2012.
Pilbara operations
Fourth quarter production of 66.5 million tonnes (Rio Tinto share 53.2 million tonnes) set a new quarterly record, driven by productivity improvements and continued ramp up of recent mine expansions. Production for 2013 was 250.6 million tonnes (Rio Tinto share 199.9 million tonnes), five per cent higher than in 2012.
In the last three days of December, Rio Tinto's Pilbara ports and coastal rail operations were closed due to the adverse weather conditions caused by tropical cyclone Christine. Rail and port operations continued to be impacted into January but full operations have now resumed.
Pilbara marketing
Fourth quarter sales set a new record of 68.8 million tonnes (100 per cent basis) as the expanded Cape Lambert port is progressively commissioned and ramped up. Shipments exceeded production by 2.3 million tonnes and were nine per cent higher than in the same quarter of 2012. 2013 sales of 244.3 million tonnes (100 per cent basis) were five per cent higher than last year.
Slightly more than half of sales were priced on a current month index average price. Approximately 30 per cent were sold with reference to the quarter's average, lagged by one month. The remainder was sold either on a current quarter average or on the spot market. Prices are adjusted for product characteristics and iron and moisture content.
Pilbara expansion
Following completion of infrastructure works associated with the 290 Mt/a project, four months ahead of schedule and $400 million under budget, ramp up of shipments to nameplate capacity of 290 Mt/a continued in the fourth quarter of 2013. This is scheduled to be complete by the end of the first half of 2014.
Expansion of the port, rail and power infrastructure to 360 Mt/a is currently underway and is due for completion by the end of the first half of 2015. On 28 November 2013, Rio Tinto set out its breakthrough pathway to optimise the growth of mine capacity towards 360 Mt/a at a capital intensity in the mid-$120s per tonne, significantly lower than originally planned. A series of low-cost brownfield expansions will bring on additional tonnes, with production of 330 million tonnes expected in 2015. Mine production capacity will increase by more than 60 million tonnes between 2014 and 2017.
Iron Ore Company of Canada (IOC)
Saleable production for 2013 was nine per cent higher than in 2012 due to continued improvement in the expanded mine and concentrator. Completion of the second phase of the Concentrate Expansion Project to bring total concentrate production capacity to 23.3 Mt/a is expected during the first half of 2014.
2013 concentrate sales were 46 per cent higher than in 2012. This is as a result of the additional concentrate volumes from recent expansions and the decision to curtail pellet production to reduce costs.
COPPER
Rio Tinto share of production
Q4 2013 vs Q4 2012 vs Q3 2013 2013 vs 2012
Kennecott Utah Copper
Mined copper (000
tonnes) 64.5 +9% +9% 211.0 +29%
Refined copper (000
tonnes) 57.7 -4% +25% 193.6 +19%
Molybdenum (000 tonnes) 1.8 +69% +49% 5.7 -39%
Mined gold (000 oz) 73.8 +50% +33% 207.1 +3%
Refined gold (000
oz) 47.8 -39% +19% 192.3 -31%
Escondida
Mined copper (000
tonnes) 83.8 -3% +3% 336.5 +7%
Refined copper (000
tonnes) 23.2 +9% +6% 91.6 -2%
Grasberg
Mined copper (000
tonnes) 6.3 n/a n/a 6.3 n/a
Oyu Tolgoi
Mined copper (000
tonnes) 11.0 n/a +8% 25.7 n/a
Mined gold (000 oz) 24.7 n/a +18% 52.6 n/a
------------------------ ------- ---------- ---------- ----- -------
Kennecott Utah Copper
Fourth quarter production of copper, gold and molybdenum contained in concentrates improved significantly on the same period in 2012, reflecting higher ore throughput and slightly higher gold and molybdenum grades.
The recovery of the open pit operations following the pit wall slide continues to progress better than originally planned, with completion of the new heavy vehicle access road achieved ahead of schedule enabling further remediation and waste movement to provide additional access to ore.
Waste movement associated with the Cornerstone extension, which involves pushing back the south wall of Bingham Canyon to gain access to additional ore, continued during the quarter.
Copper cathode production for 2013 was 19 per cent higher than in 2012, as a result of a planned smelter shutdown in 2012 and the rapid recovery of operations from the April pit wall slide.
Escondida
Mined copper production in the fourth quarter decreased three per cent on the same period in 2012 but was up seven per cent for the full year. This increase was driven by higher ore grades and ore throughput rates.
Oyu Tolgoi / Turquoise Hill Resources
Production for the fourth quarter was 32,941 tonnes of copper and 73,653 ounces of gold in concentrates (Rio Tinto share 11,047 tonnes and 24,688 ounces). Concentrate production continues to ramp up with fourth quarter mined copper and gold eight per cent and 18 per cent higher than in the third quarter.
Customers began to collect concentrate from the bonded warehouse in China during the fourth quarter and had withdrawn approximately 26,400 tonnes of concentrate by year end. Initial sales and logistics commissioning issues have been experienced since the start of operations and some sales volumes have been deferred until after the first quarter of 2014.
Grasberg
Freeport is due to release its 100 per cent operating data for the fourth quarter on 22 January 2014.
Northparkes
On 29 July 2013, Rio Tinto announced that it had reached a binding agreement for the sale of its 80 per cent interest in Northparkes. The transaction completed on 1 December 2013. Production from Northparkes is therefore only included up to that date.
Projects
On 23 December 2013, Rio Tinto announced a strategic review of its approximately 19.1 per cent shareholding in Northern Dynasty Minerals Ltd (Northern Dynasty), which owns 100 per cent of the Pebble Project in the Bristol Bay region of western Alaska.
ALUMINIUM
Rio Tinto share of production (000 tonnes)
Q4 2013 vs Q4 2012 vs Q3 2013 2013 vs 2012
Rio Tinto Alcan
Bauxite (includes
Gove mine) 11,432 +7% +2% 43,204 +10%
Alumina 1,909 -1% +8% 7,037 +1%
Aluminium 868 +2% -1% 3,468 +7%
Other operations
Gove alumina refinery 673 -1% +27% 2,270 -17%
---------------------- ------- ---------- ---------- ------ -------
On 29 November 2013, Rio Tinto announced that it intended to suspend alumina production at Gove and focus on its bauxite operations after determining the refinery was no longer a viable business in the current market environment.
The Gove alumina refinery will progressively ramp down each of its three production stages. One stage will ramp down in February, a second stage between April and May and a third stage between June and July. The refinery will move to care and maintenance from July 2014 to ensure it is prepared for a potential re-start in the future. It will therefore continue to be reported separately from Rio Tinto Alcan.
Bauxite
Fourth quarter bauxite production set a new quarterly record and was seven per cent higher than the same period in 2012. Production for 2013 was up ten per cent against 2012. Full year production records were achieved at Weipa, Gove and Sangaredi to take advantage of higher third party demand.
Alumina
Fourth quarter Rio Tinto Alcan alumina production was one per cent lower than the same period in 2012. Production for the full year was one per cent higher than in 2012, as tonnes from the Yarwun expansion broadly offset the impacts of ex-tropical cyclone Oswald, which both Queensland refineries experienced in the first quarter of 2013.
Aluminium
Fourth quarter aluminium production was two per cent higher than the same period in 2012. Production for 2013 was also higher than in 2012 due to the lockout at Alma which occurred in the first seven months of 2012 and the ramp up of the AP60 plant in Arvida in 2013 which was partially offset by the shutdown of Shawinigan and the sale of St-Jean de Maurienne which completed on
16 December 2013.
Ramp up at the new AP60 plant has continued since announcing first metal production on 7 September. In December 2013, the $1.1 billion plant achieved daily run rates equivalent to nameplate capacity of 60,000 tonnes per annum.
ENERGY
Coal
Rio Tinto share of production (000 tonnes)
Q4 2013 vs Q4 2012 vs Q3 2013 2013 vs 2012
Rio Tinto Coal Australia
Hard coking coal 2,262 +23% +8% 7,651 -3%
Semi-soft coking
coal 922 -4% +23% 3,859 +17%
Thermal coal 5,497 -9% -11% 22,485 +10%
Rio Tinto Coal Mozambique
Hard coking coal 148 +47% -9% 564 +200%
Thermal coal 127 -20% +4% 490 +80%
-------------------------- ------- ---------- ---------- ------ -------
Australian semi-soft and thermal coal production increased significantly during the year compared with 2012, with four mines (Hunter Valley Operations, Mount Thorley Warkworth, Bengalla and Clermont) achieving annual records. The substantial production increase was delivered through a transformation programme of productivity improvements, the completion of brownfield mine developments and the ramp up of the Clermont thermal coal mine.
Full year hard coking coal volumes were marginally lower than in 2012. Coal recovery work at Hail Creek has been successfully completed following a geotechnical low wall failure experienced in July. The $2 billion extension of the Kestrel mine was officially opened in October, adding 20 years to the life of the operation.
On 25 October 2013, Rio Tinto reached a binding agreement for the sale of its 50.1 per cent interest in the Clermont Joint Venture to GS Coal Pty Ltd, a company jointly owned by Glencore Xstrata and Sumitomo Corporation, for $1.015 billion. The transaction is expected to complete in the first quarter of 2014.
Semi-soft and thermal coal production in the fourth quarter was lower than the same period in 2012. This resulted from mine sequencing at Mount Thorley Warkworth and Hunter Valley Operations as well as from the closure of the Blair Athol mine in November 2012, which is now in the process of being sold as announced on 3 October 2013.
Hard coking coal production was 23 per cent higher than during the fourth quarter of 2012, with reduced impacts from maintenance and upgrade stoppages.
Full year volumes in Mozambique were higher than in 2012 as production at the mine continues to ramp up.
Uranium
Rio Tinto share of production (000 lbs)
Q4 2013 vs Q4 2012 vs Q3 2013 2013 vs 2012
Energy Resources of
Australia 741 -60% -15% 4,351 -23%
Rössing 735 -27% -22% 3,643 -11%
-------------------- ------- ---------- ---------- ----- -------
Uranium production for the quarter was adversely impacted by the failure of a process plant leach tank at both Energy Resources of Australia (ERA) and Rössing in December 2013.
Clean-up and recovery operations at ERA's Ranger processing plant are progressing. Processing operations remain suspended pending completion of a full investigation and regulatory approval to recommence.
At Rössing, some processing operations were restarted on 11 January 2014 and will continue to be progressively restored during the first quarter.
DIAMONDS & MINERALS
Rio Tinto share of production
Q4 2013 vs Q4 2012 vs Q3 2013 2013 vs 2012
Diamonds (000 carats)
Argyle 3,153 +57% +2% 11,359 +34%
Diavik 1,240 +9% +24% 4,346 0%
Murowa 105 +7% +51% 322 +3%
Minerals (000 tonnes)
Borates - B(2) O(3)
content 121 +22% -4% 495 +9%
Titanium dioxide
feedstock 361 -20% -3% 1,622 +2%
Salt (000 tonnes) 1,886 +12% +19% 6,728 -2%
---------------------- ------- ---------- ---------- ------ -------
At Argyle, carats recovered were 57 per cent higher than the fourth quarter of 2012 reflecting increased tonnes processed in the period and higher grades following commissioning of the underground operation earlier in the year.
Carats recovered at Diavik were nine per cent higher than the fourth quarter of 2012 as a result of an increase in tonnes processed as the underground mine ramped up to full production, which was partially offset by lower grades.
Titanium dioxide feedstock production was 20 per cent lower than the fourth quarter of 2012 due to a shutdown at Richards Bay Minerals (RBM) and the planned rebuild of one of nine furnaces at Rio Tinto Fer et Titane (RTFT). This rebuild has been delayed until market conditions for high grade titanium dioxide feedstock improve. Full year production was marginally higher than in 2012 as the impact of production cuts in response to market conditions was offset by the doubling of the Group's interest in RBM announced in September 2012. The RTFT upgraded slag (UGS) production facility restarted in the fourth quarter but at reduced capacity.
Borates production in the fourth quarter increased 22 per cent over the same period of 2012 in response to increased sales during the quarter and in preparation for the launch of the new modified direct dissolving of kernite (MDDK) process plant in 2014.
Salt production in the fourth quarter increased 12 per cent compared with the same period in 2012 due to productivity improvements achieved during the quarter and maintenance activities which took place in the fourth quarter of 2012.
Constructive discussions to develop the formal investment framework for Simandou continue with the Government of Guinea and Simfer partners.
CORPORATE
On 8 January 2014, Turquoise Hill Resources announced the successful completion of its approximately $2.4 billion rights issue. Rio Tinto provided a standby commitment for the issue and undertook to exercise all of its rights. Following the transaction, Rio Tinto's shareholding in Turquoise Hill Resources remains unchanged at approximately 50.8 per cent.
Turquoise Hill Resources will use the proceeds of the rights issue to repay the $1.8 billion interim funding facility and the $600 million bridge facility extended by Rio Tinto. This will result in around a $1.2 billion reduction in Rio Tinto's consolidated net debt.
Prior to the announcement of the rights issue, Rio Tinto also secured extensions to the commitment letters received from 15 commercial banks for the Oyu Tolgoi project financing, which now expire on 31 March 2014.
EXPLORATION AND EVALUATION
Pre-tax and pre-divestment expenditure on exploration and evaluation charged to the profit and loss account in 2013 was $948 million compared with $1,971 million in 2012. Of the 2013 expenditure, approximately 39 per cent was incurred by the Copper Group, six per cent by Iron Ore, 22 per cent by Energy, 13 per cent by Diamonds and Minerals, one per cent by Rio Tinto Alcan and the balance by Central Exploration.
Exploration highlights
In the Pilbara (Western Australia), data processing and interpretation of the airborne geophysical surveys continued. Drilling was completed on the planned 2013 targets.
In the Bowen Basin (Queensland, Australia), drilling was completed at the Winchester South, Hillalong and Kemmis Creek projects.
In Montana (US) drilling of the 2013 targets was completed at the Copper Cliff porphyry copper project.
In Chile, drilling was completed at the Olimpo project, and geophysical surveys were completed at the Queen Elizabeth target (an alliance project with Codelco).
In Russia, all field programmes were completed ahead of the onset of winter. Data compilation, interpretation and target generation work was completed for the Kirganik copper exploration project located in the southern Kamchatka peninsula.
In Uzbekistan, geological mapping and ground geophysics targeting copper mineralisation was completed at the Gava prospect.
In China CRTX, the Chinalco Rio Tinto Exploration Joint Venture, signed a cooperation agreement in the Heilongjiang Province for copper exploration.
At Tamarack (USA) drilling aimed to follow-up significant zones of nickel mineralisation was completed.
On the Saskatchewan Potash project in Canada, a joint venture with North Atlantic Potash Inc., a subsidiary of JSC Acron, processing and interpretation of the 2012 3D seismic survey was completed and resource estimation completed.
At Rössing (Namibia) resource estimation was completed incorporating the third phase of drilling at the Z20 uranium project.
In Brazil in the Amargosa Orbit, field mapping and auger drilling continued across several targets.
At the Suriapet diamond project in India, gravel sampling continued, but was hampered by monsoon rains.
A summary of activity for the period is as follows:
Product Group Evaluation projects Advanced projects Greenfield programmes
------------- --------------------- ------------------- ---------------------------
Aluminium Amargosa, Brazil Amargosa orbit, Australia, Brazil,
Brazil Laos
------------- --------------------- ------------------- ---------------------------
Copper Copper/molybdenum: Nickel: Tamarack, Copper: Australia,
Resolution, US. US. PNG, US, Chile,
Copper: La Granja, Peru, Russia, Kazakhstan,
Peru Uzbekistan, Mongolia,
Copper/gold: Oyu Zambia, China
Tolgoi, Mongolia
------------- --------------------- ------------------- ---------------------------
Diamonds & Diamonds: Bunder, Diamonds: Canada,
Minerals India India
Lithium borates: Potash: Canada
Jadar, Serbia Heavy Mineral Sands:
Heavy Mineral Sands: Gabon
Mutamba
------------- --------------------- ------------------- ---------------------------
Energy Coal: Rio Tinto Coal: Bowen Basin, Uranium: Canada,
Coal Mozambique Australia US, Namibia, Australia
Uranium: Ranger Uranium: Canada
3 Deeps, Rough Rider
------------- --------------------- ------------------- ---------------------------
Iron Ore Simandou, Guinea Pilbara, Australia Canada, Botswana,
Pilbara, Australia India
------------- --------------------- ------------------- ---------------------------
Mine-lease exploration continued at a number of Rio Tinto businesses including, Pilbara Iron, Hail Creek, Rössing, Oyu Tolgoi, Resolution, La Granja, Rough Rider and Sweetwater.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and New York Stock Exchange listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, thermal and metallurgical coal, uranium, gold, industrial minerals (borax, titanium dioxide and salt) and iron ore. Activities span the world and are strongly represented in Australia and North America with significant businesses in Asia, Europe, Africa and South America.
For further information, please contact:
Media Relations, EMEA / Americas Investor Relations, EMEA
Illtud Harri Mark Shannon
Office: +44 (0) 20 7781 1152 Office: +44 (0) 20 7781
Mobile: +44 (0) 7920 503 600 1178
David Outhwaite Mobile: +44 (0) 7917 576
Office: +44 (0) 20 7781 1623 597
Mobile: +44 (0) 7787 597 493 David Ovington
Media Relations, Australia Office: +44 (0) 20 7781
/ Asia 2051
David Luff Mobile: +44 (0) 7920 010
Office: +61 (0) 3 9283 3620 978
Mobile: +61 (0) 419 850 205 Grant Donald
Bruce Tobin Office: +44 (0) 20 7781
Office: +61 (0) 3 9283 3612 1262
Mobile: +61 (0) 419 103 454 Mobile: +44 (0) 7920 587
805
Investor Relations, Australia
/ Asia
Christopher Maitland
Office: +61 (0) 3 9283 3063
Mobile: +61 (0) 459 800
131
Rachel Storrs
Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 417 401
018
Galina Rogova
Office: +852 (2839) 9208
Mobile: +852 (6978) 3011
Website: www.riotinto.com
Email: media.enquiries@riotinto.com
Twitter: Follow @riotinto on Twitter
High resolution photographs and media pack available at: www.riotinto.com/media
Rio Tinto production summary
Rio Tinto share of production
Quarter Full Year % Change
2012 2013 2013 2012 2013 Q4 13 Q4 13 2013
Q4 Q3 Q4 vs vs vs
Q4 12 Q3 13 2012
------- ------- ------- -------- ------- ------ ------ -----
Principal Commodities
------- ------- ------- -------- ------- ------ ------ -----
Alumina ('000 t) 2,617 2,293 2,582 9,710 9,307 -1% 13% -4%
Aluminium ('000 t) 906 878 868 3,456 3,555 -4% -1% 3%
Bauxite ('000 t) 10,731 11,250 11,432 39,363 43,204 7% 2% 10%
Borates ('000 t) 100 127 121 453 495 22% -4% 9%
Coal - hard coking ('000 t) 1,932 2,253 2,410 8,044 8,214 25% 7% 2%
Coal - semi-soft coking ('000 t) 963 750 922 3,286 3,859 -4% 23% 17%
Coal - thermal ('000 t) 6,222 6,321 5,624 20,648 22,975 -10% -11% 11%
Copper - mined ('000 t) 163.9 162.3 172.8 548.8 631.5 5% 6% 15%
Copper - refined ('000 t) 86.2 68.3 81.0 279.4 300.1 -6% 19% 7%
Diamonds ('000 cts) 3,248 4,158 4,498 13,122 16,027 38% 8% 22%
Iron ore ('000 t) 51,967 53,377 55,510 198,869 208,966 7% 4% 5%
Titanium dioxide feedstock ('000 t) 450 373 361 1,594 1,622 -20% -3% 2%
Uranium ('000 lbs) 2,853 1,817 1,476 9,760 7,993 -48% -19% -18%
Other Metals & Minerals
Gold - mined ('000 oz) 73 97 114 294 340 56% 17% 16%
Gold - refined ('000 oz) 78 40 48 279 192 -39% 19% -31%
Molybdenum ('000 t) 1.1 1.2 1.8 9.4 5.7 69% 49% -39%
Salt ('000 t) 1,678 1,586 1,886 6,833 6,728 12% 19% -2%
Silver - mined ('000 oz) 998 1,345 1,412 3,657 4,765 41% 5% 30%
Silver - refined ('000 oz) 810 395 633 2,451 2,158 -22% 60% -12%
------- ------- ------- -------- ------- ------ ------ -----
Throughout this report, figures in italics indicate adjustments made since the figure was
previously quoted on the equivalent page. Production figures are sometimes more precise than
the rounded numbers shown, hence small differences may result between the total of the quarter
figures and the full year figures.
Rio Tinto share of production
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
---------------------------------------------- --------- ------ ----- ------ ------ ------ --------- ---------
ALUMINA
Production ('000 tonnes)
Rio Tinto Alcan
Jonquière (Vaudreuil) 100% 363 362 346 353 378 1,397 1,439
Queensland Alumina 80% 714 593 697 695 722 2,954 2,707
São Luis (Alumar) 10% 82 83 84 85 91 341 343
Yarwun 100% 750 523 620 608 696 2,175 2,446
Jonquière (Vaudreuil) specialty alumina
plant 100% 25 25 30 25 23 101 103
------ ----- ------ ------ ------ --------- ---------
Rio Tinto Alcan total 1,934 1,587 1,776 1,764 1,909 6,968 7,037
Other Aluminium - Gove refinery (a) 100% 683 599 470 528 673 2,742 2,270
------ ----- ------ ------ ------ --------- ---------
Rio Tinto total alumina production 2,617 2,186 2,246 2,293 2,582 9,710 9,307
---------------------------------------------- --------- ------ ----- ------ ------ ------ --------- ---------
ALUMINIUM
Production ('000 tonnes)
Rio Tinto Alcan
Australia - Bell Bay (b) 100% 47 46 47 47 47 185 187
Australia - Boyne Island (b) 59% 85 83 83 84 83 338 333
Australia - Tomago (b) 52% 71 68 69 71 72 281 281
Cameroon - Alucam (Edéa) 47% 7 5 8 11 11 24 35
Canada - seven wholly owned (c) (d) 100% 318 329 338 335 331 1,103 1,333
Canada - Alouette (Sept-Îles) 40% 59 59 58 57 59 237 233
Canada - Bécancour 25% 27 27 27 28 27 107 109
France - Dunquerque 100% 65 64 60 66 68 256 258
France - St-Jean-de-Maurienne (e) 0% 22 22 23 24 16 93 85
Iceland - ISAL (Reykjavik) 100% 48 49 50 49 49 190 197
New Zealand - Tiwai Point (b) 79% 64 65 62 64 66 258 257
Norway - SØRAL (Husnes) 50% 12 11 11 11 12 46 45
Oman - Sohar 20% 18 18 18 18 17 72 71
UK - Lochaber 100% 11 12 11 11 11 45 44
------ ----- ------ ------ ------ --------- ---------
Rio Tinto Alcan total 854 856 866 878 868 3,236 3,468
Other Aluminium - two smelters (f) 52 52 35 - - 220 87
------ ----- ------ ------ ------ --------- ---------
Rio Tinto total aluminium production 906 907 901 878 868 3,456 3,555
---------------------------------------------- --------- ------ ----- ------ ------ ------ --------- ---------
BAUXITE
Production ('000 tonnes) (g)
Rio Tinto Alcan
Gove (b) 100% 2,068 1,918 1,857 1,983 2,271 7,944 8,029
Porto Trombetas 12% 481 384 473 506 525 1,861 1,887
Sangaredi (h) 1,663 1,477 1,831 1,790 1,848 6,301 6,947
Weipa 100% 6,518 5,783 6,800 6,971 6,787 23,257 26,341
------ ----- ------ ------ ------ --------- ---------
Rio Tinto total bauxite production 10,731 9,562 10,960 11,250 11,432 39,363 43,204
---------------------------------------------- --------- ------ ----- ------ ------ ------ --------- ---------
Rio Tinto share of production
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
------------------------------------------------- --------- ----- ----- ----- ----- ----- --------- ---------
BORATES
Production ('000 tonnes B(2) O(3) content)
Rio Tinto Minerals - borates 100% 100 111 137 127 121 453 495
------------------------------------------------- --------- ----- ----- ----- ----- ----- --------- ---------
COAL - hard coking
Rio Tinto Coal Australia ('000 tonnes)
Hail Creek Coal 82% 1,588 1,217 1,373 1,483 1,536 5,882 5,608
Kestrel Coal 80% 244 321 387 608 726 1,974 2,043
----- ----- ----- ----- ----- --------- ---------
Total Rio Tinto Coal Australia hard coking coal 1,832 1,539 1,759 2,091 2,262 7,857 7,651
Rio Tinto Coal Mozambique
Benga (i) 65% 100 111 143 162 148 188 564
----- ----- ----- ----- ----- --------- ---------
Rio Tinto total hard coking coal production 1,932 1,650 1,902 2,253 2,410 8,044 8,214
------------------------------------------------- --------- ----- ----- ----- ----- ----- --------- ---------
COAL - semi-soft coking
Rio Tinto Coal Australia ('000 tonnes)
Hunter Valley 80% 461 651 463 466 527 1,695 2,107
Mount Thorley 64% 344 271 364 241 305 1,014 1,182
Warkworth 44% 158 117 320 43 90 576 569
----- ----- ----- ----- ----- --------- ---------
Rio Tinto total semi-soft coking coal production 963 1,039 1,147 750 922 3,286 3,859
------------------------------------------------- --------- ----- ----- ----- ----- ----- --------- ---------
COAL - thermal
Rio Tinto Coal Australia ('000 tonnes)
Bengalla 32% 662 565 721 710 638 2,248 2,634
Blair Athol Coal (j) 71% 497 - - - - 1,843 -
Clermont (k) 50% 1,416 1,130 1,524 1,753 1,496 4,103 5,903
Hail Creek Coal (l) 82% - - - 21 136 - 157
Hunter Valley 80% 2,395 1,893 2,553 2,330 2,026 7,869 8,802
Kestrel Coal 80% 67 169 89 53 60 280 371
Mount Thorley 64% 420 483 413 263 350 1,598 1,508
Warkworth 44% 607 704 547 1,069 791 2,435 3,110
----- ----- ----- ----- ----- --------- ---------
Total Rio Tinto Coal Australia thermal coal 6,063 4,943 5,846 6,198 5,497 20,376 22,485
Rio Tinto Coal Mozambique
Benga (i) 65% 160 109 132 122 127 272 490
----- ----- ----- ----- ----- --------- ---------
Rio Tinto total thermal coal production 6,222 5,052 5,978 6,321 5,624 20,648 22,975
------------------------------------------------- --------- ----- ----- ----- ----- ----- --------- ---------
Rio Tinto share of production
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
----------------------------------- --------- ----- ----- ----- ----- ----- --------- ---------
COPPER
Mine production ('000 tonnes) (g)
Bingham Canyon 100% 59.3 48.2 39.2 59.1 64.5 163.2 211.0
Escondida 30% 86.8 85.6 85.6 81.5 83.8 314.2 336.5
Grasberg - Joint Venture (m) 40% 0.0 0.0 0.0 0.0 6.3 0.0 6.3
Northparkes (n) 0% 10.8 10.6 11.2 11.4 7.2 43.1 40.4
Oyu Tolgoi (o) 34% - - 4.4 10.3 11.0 - 25.7
Palabora (p) 0% 7.0 5.8 5.8 - - 28.3 11.6
----- ----- ----- ----- ----- --------- ---------
Rio Tinto total mine production 163.9 150.2 146.2 162.3 172.8 548.8 631.5
----- ----- ----- ----- ----- --------- ---------
Refined production ('000 tonnes)
Escondida 30% 21.3 22.6 23.8 22.0 23.2 93.1 91.6
Kennecott Utah Copper 100% 59.9 50.4 39.2 46.3 57.7 162.7 193.6
Palabora (p) 0% 5.1 7.5 7.4 - - 23.6 14.9
----- ----- ----- ----- ----- --------- ---------
Rio Tinto total refined production 86.2 80.5 70.4 68.3 81.0 279.4 300.1
----------------------------------- --------- ----- ----- ----- ----- ----- --------- ---------
DIAMONDS
Production ('000 carats)
Argyle 100% 2,010 1,990 3,130 3,085 3,153 8,471 11,359
Diavik 60% 1,141 1,167 936 1,003 1,240 4,338 4,346
Murowa 78% 98 79 69 70 105 313 322
----- ----- ----- ----- ----- --------- ---------
Rio Tinto total diamond production 3,248 3,236 4,135 4,158 4,498 13,122 16,026
----------------------------------- --------- ----- ----- ----- ----- ----- --------- ---------
GOLD
Mine production ('000 ounces) (g)
Barneys Canyon 100% 0.8 0.0 0.4 0.0 0.0 1.2 0.4
Bingham Canyon 100% 48 46 31 56 74 200 207
Escondida 30% 7 7 7 7 7 29 28
Grasberg - Joint Venture (m) 40% 0 0 0 0 0 0 0
Northparkes (n) 0% 14 14 14 14 8 58 49
Oyu Tolgoi (o) 34% - - 7 21 25 - 53
Palabora (p) 0% 2.2 1.6 1.5 - - 6.3 3.1
----- ----- ----- ----- ----- --------- ---------
Rio Tinto total mine production 73 69 61 97 114 294 340
----- ----- ----- ----- ----- --------- ---------
Refined production ('000 ounces)
Kennecott Utah Copper 100% 78 60 44 40 48 279 192
----------------------------------- --------- ----- ----- ----- ----- ----- --------- ---------
Rio Tinto share of production
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
------------------------------------ --------- ------ ------ ------ ------ ------ --------- ---------
IRON ORE
Production ('000 tonnes) (g)
Hamersley - six wholly owned mines 100% 33,022 30,774 32,946 33,707 35,868 126,630 133,295
Hamersley - Channar 60% 1,833 1,743 1,742 1,528 1,615 6,568 6,628
Hamersley - Eastern Range (q) 2,424 2,508 2,460 2,571 2,513 9,303 10,052
Hope Downs 50% 3,683 3,869 3,965 4,504 4,556 15,396 16,894
Iron Ore Company of Canada 59% 2,298 2,009 2,341 2,353 2,321 8,267 9,024
Robe River 53% 8,707 7,347 8,375 8,714 8,637 32,705 33,073
------ ------ ------ ------ ------ --------- ---------
Rio Tinto total iron ore production 51,967 48,250 51,829 53,377 55,510 198,869 208,966
------ ------ ------ ------ ------ --------- ---------
Breakdown:
Pilbara Blend Lump 12,580 11,997 13,217 13,269 13,665 48,927 52,148
Pilbara Blend Fines 17,717 18,181 18,572 19,237 20,480 69,861 76,470
Robe Valley Lump 1,620 1,252 1,387 1,658 1,631 5,589 5,928
Robe Valley Fines 3,280 2,661 3,039 3,066 2,960 11,532 11,726
Yandicoogina Fines (HIY) 14,472 12,150 13,272 13,795 14,453 54,693 53,670
IOC Concentrate 844 797 1,086 1,048 1,057 2,578 3,988
IOC Pellets 1,453 1,212 1,255 1,305 1,264 5,689 5,036
------------------------------------ --------- ------ ------ ------ ------ ------ --------- ---------
MOLYBDENUM
Mine production ('000 tonnes) (g)
Bingham Canyon 100% 1.1 1.8 0.9 1.2 1.8 9.4 5.7
------------------------------------ --------- ------ ------ ------ ------ ------ --------- ---------
SALT
Production ('000 tonnes)
Dampier Salt 68% 1,678 1,585 1,670 1,586 1,886 6,833 6,728
------------------------------------ --------- ------ ------ ------ ------ ------ --------- ---------
SILVER
Mine production ('000 ounces) (g)
Bingham Canyon 100% 624 663 431 852 930 2,086 2,876
Escondida 30% 251 261 306 305 337 1,050 1,210
Grasberg - Joint Venture (m) 40% 0 0 0 0 0 0 0
Oyu Tolgoi (o) 34% - - 28 66 70 - 164
Others - 123 136 181 122 76 521 515
------ ------ ------ ------ ------ --------- ---------
Rio Tinto total mine production 998 1,061 946 1,345 1,412 3,657 4,765
------ ------ ------ ------ ------ --------- ---------
Refined production ('000 ounces)
Kennecott Utah Copper 100% 810 672 457 395 633 2,451 2,158
------------------------------------ --------- ------ ------ ------ ------ ------ --------- ---------
TITANIUM DIOXIDE FEEDSTOCK
Production ('000 tonnes)
Rio Tinto Iron & Titanium (r) 100% 450 427 461 373 361 1,594 1,622
------------------------------------ --------- ------ ------ ------ ------ ------ --------- ---------
Rio Tinto share of production
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
----------------------------------------------- ------------ ----- ----- ----- ----- ----- --------- ---------
URANIUM
Production ('000 lbs U(3) O(8) )
Energy Resources of Australia 68% 1,840 1,351 1,391 869 741 5,679 4,351
Rössing 69% 1,013 983 976 948 735 4,081 3,643
----- ----- ----- ----- ----- --------- ---------
Rio Tinto total uranium production 2,853 2,334 2,366 1,817 1,476 9,760 7,993
----------------------------------------------- ------------ ----- ----- ----- ----- ----- --------- ---------
Production data notes:
(a) On 29 November 2013, Rio Tinto announced plans to close the Gove refinery in 2014; the
Gove refinery has been transferred from 'Rio Tinto Alcan' to 'Other Aluminium'.
(b) On 8 August 2013, Rio Tinto announced that Pacific Aluminium, including the Gove mine,
Bell Bay, Boyne Island, Tomago and Tiwai Point smelters, would be reintegrated in Rio Tinto
Alcan.
(c) The Shawinigan smelter ceased production on 29 November 2013.
(d) Rio Tinto started production at the Arvida AP60 Technology Centre in the fourth quarter
of 2013.
(e) Rio Tinto sold its 100% interest in the Saint-Jean-de-Maurienne smelter with an effective
date of 16 December 2013. Production is shown up to that date.
(f) Rio Tinto sold its 100% interest in the Sebree aluminium smelter with an effective date
of 1 June 2013. Production is shown up to that date. The wholly owned Lynemouth smelter was
closed in March 2012.
(g) 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.
(h) Rio Tinto has a 22.95% shareholding in the Sangaredi mine but benefits from 45.0% of production.
(i) Benga moved to commercial production during the third quarter of 2012.
(j) Blair Athol closed in the last quarter of 2012. Rio Tinto agreed the sale of its 71.2%
interest in Blair Athol in October 2013.
(k) In October 2013, Rio Tinto announced that it had reached a binding agreement for the sale
of its 50.1% interest in the Clermont Joint Venture.
(l) Hail Creek started a trial of thermal coal production, reprocessed from coking coal reject,
in the third quarter of 2013.
(m) 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. According to current estimates, the 4Q 2013 production
from Grasberg did not exceed the metal attributable to PT Freeport Indonesia per the joint
venture agreement for gold and silver for the quarter. Accordingly, Rio Tinto's share of joint
venture production of gold and silver was zero for 4Q 2013.
(n) Rio Tinto sold its 80% interest in Northparkes with an effective date of 1 December 2013.
Production is shown up to that date.
(o) Rio Tinto owns a 33.52% indirect interest in Oyu Tolgoi through its 50.79% interest in
Turquoise Hill Resources. Production included in the table is from 1 May 2013.
(p) The sale of Rio Tinto's 57.7% interest in Palabora Mining Company was completed on 31
July 2013; production data have been reported up to 30 June 2013.
(q) 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.
(r) Quantities comprise 100% of Rio Tinto Fer et Titane and Rio Tinto's share of Richards
Bay Minerals (RBM). Rio Tinto's share of RBM production reflects increased ownership from
37% to 74% in early September 2012.
The Rio Tinto percentage shown above is at 31 December 2013.
Rio Tinto's interests in the Beyrède, Gardanne, La Bâthie and Teutschenthal specialty
alumina plants and Borax Argentina were sold in 2012. No data for these operations are included
in the Share of Production table.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
---------------------------------------------- --------- ------ ----- ------ ------ ------ --------- ---------
ALUMINIUM
Rio Tinto Alcan - Bauxite
Bauxite production ('000 tonnes)
Australia
Gove mine - Northern Territory (a) 100.0% 2,068 1,918 1,857 1,983 2,271 7,944 8,029
Weipa mine - Queensland 100.0% 6,518 5,783 6,800 6,971 6,787 23,257 26,341
Brazil
Porto Trombetas (MRN) mine 12.0% 4,010 3,198 3,941 4,214 4,376 15,512 15,729
Guinea
Sangaredi mine (b) 23.0% 3,696 3,282 4,070 3,978 4,107 14,001 15,437
Rio Tinto Alcan share of bauxite shipments
Share of bauxite shipments ('000 tonnes) 10,244 9,381 11,148 11,166 11,268 39,238 42,962
------ ----- ------ ------ ------ --------- ---------
(a) On 8 August 2013, Rio Tinto announced that Pacific Aluminium, including the Gove mine,
would be reintegrated in Rio Tinto Alcan.
(b) Rio Tinto has a 22.95% shareholding in the Sangaredi mine but benefits from 45.0% of
production.
Rio Tinto Alcan - Smelter Grade Alumina
Alumina production ('000 tonnes)
Australia
Queensland Alumina Refinery - Queensland 80.0% 893 741 872 868 903 3,693 3,384
Yarwun refinery - Queensland 100.0% 750 523 620 608 696 2,175 2,446
Brazil
São Luis (Alumar) refinery 10.0% 820 833 836 848 908 3,409 3,425
Canada
Jonquière (Vaudreuil) refinery - Quebec
(a) 100.0% 363 362 346 353 378 1,397 1,439
------ ----- ------ ------ ------ --------- ---------
(a) Jonquière's (Vaudreuil's) production shows smelter grade alumina only and excludes
hydrate produced and used for specialty alumina.
----------------------------------------------------------------------------------------------------------------------
Rio Tinto percentage interest shown above is at 31 December 2013. The data represent full
production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
----------------------------------------------- --------- ----- ----- ----- ----- ----- --------- ---------
ALUMINIUM (continued)
Rio Tinto Alcan - Specialty Alumina
Specialty alumina production ('000 tonnes)
Canada
Jonquière (Vaudreuil) plant - Quebec 100.0% 25 25 30 25 23 101 103
Rio Tinto Alcan - Primary Aluminium
Primary aluminium production ('000 tonnes)
Australia
Bell Bay smelter - Tasmania (a) 100.0% 47 46 47 47 47 185 187
Boyne Island smelter - Queensland (a) 59.4% 143 139 140 142 139 569 561
Tomago smelter - New South Wales (a) 51.6% 137 133 134 139 139 546 545
Cameroon
Alucam (Edéa) smelter 46.7% 16 11 16 24 24 52 75
Canada
Alma smelter - Quebec 100.0% 90 106 110 111 113 208 440
Alouette (Sept-Îles) smelter - Quebec 40.0% 149 146 146 143 147 593 582
Arvida smelter - Quebec 100.0% 44 43 44 45 43 177 175
Arvida AP60 smelter - Quebec (b) 100.0% - - - - 9 - 9
Bécancour smelter - Quebec 25.1% 106 107 108 110 109 429 435
Grande-Baie smelter - Quebec 100.0% 56 55 56 56 56 223 224
Kitimat smelter - British Columbia 100.0% 46 45 44 42 40 182 172
Laterrière smelter - Quebec 100.0% 58 56 60 62 61 233 239
Shawinigan smelter - Quebec (c) 100.0% 23 23 24 20 7 81 74
France
Dunkerque smelter 100.0% 65 64 60 66 68 256 258
Saint-Jean-de-Maurienne smelter (d) 0.0% 22 22 23 24 16 93 85
Iceland
ISAL (Reykjavik) smelter 100.0% 48 49 50 49 49 190 197
New Zealand
Tiwai Point smelter (a) 79.4% 80 82 78 81 83 325 324
Norway
SØRAL (Husnes) smelter 50.0% 23 22 22 22 23 92 89
Oman
Sohar smelter 20.0% 90 89 91 89 85 360 354
United Kingdom
Lochaber smelter 100.0% 11 12 11 11 11 45 44
Rio Tinto Alcan share of metal sales
Share of primary aluminium sales ('000 tonnes) 969 920 989 1,024 991 3,643 3,924
----- ----- ----- ----- ----- --------- ---------
(a) On 8 August 2013, Rio Tinto announced that Pacific Aluminium, including the Bell Bay,
Boyne Island, Tomago and Tiwai Point smelters, would be reintegrated in Rio Tinto Alcan.
(b) Rio Tinto started production at the Arvida AP60 Technology Centre in the fourth quarter
of 2013.
(c) The Shawinigan smelter ceased production on 29 November 2013.
(d) Rio Tinto sold its 100% interest in the Saint-Jean-de-Maurienne smelter with an effective
date of 16 December 2013. Production is shown up to that date.
Rio Tinto percentage interest shown above is at 31 December 2013. The data represent full
production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
------------------------------------------- --------- ----- ----- ----- ----- ----- --------- ---------
ALUMINIUM (continued)
Other Aluminium - Smelter Grade Alumina
Alumina production ('000 tonnes)
Australia
Gove refinery - Northern Territory (a) 100.0% 683 599 470 528 673 2,742 2,270
Other Aluminium - Specialty Alumina
Specialty alumina production ('000 tonnes)
France
Beyrède plant (b) 0.0% - - - - - 16 -
Gardanne plant (b) 0.0% - - - - - 284 -
La Bâthie plant (b) 0.0% - - - - - 15 -
Germany
Teutschenthal plant (b) 0.0% - - - - - 16 -
Other Aluminium - Primary Aluminium
Primary aluminium production ('000 tonnes)
United Kingdom
Lynemouth smelter (c) 100.0% - - - - - 15 -
USA
Sebree smelter - Kentucky (d) 0.0% 52 52 35 - - 205 87
----- ----- ----- ----- ----- --------- ---------
(a) On 29 November 2013, Rio Tinto announced plans to close the Gove refinery in 2014; the
Gove refinery has been transferred from 'Rio Tinto Alcan' to 'Other Aluminium'.
(b) Rio Tinto sold its interest in these specialty alumina assets with an effective date
of 1 August 2012. Production is shown up to that date.
(c) Rio Tinto closed the Lynemouth aluminium smelter on 29 March 2012.
(d) Rio Tinto sold its 100% interest in the Sebree smelter with an effective date of 1 June
2013. Production is shown up to that date.
Rio Tinto percentage interest shown above is at 31 December 2013. The data represent full
production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
---------------------------------------- ---------- ------ ----- ----- ----- ----- --------- ---------
BORATES
Rio Tinto Minerals - borates 100.0%
US and Argentina
Borates ('000 tonnes) (a) (b) 100 111 137 127 121 463 495
------ ----- ----- ----- ----- --------- ---------
(a) Production is expressed as B(2) O(3) content.
(b) Rio Tinto sold its interest in Borax Argentina with an effective date of 21 August 2012.
Production is included up to that date.
--------------------------------------------------------------------------------------------------------------
COAL
Rio Tinto Coal Australia
Bengalla mine 32.0%
New South Wales
Thermal coal ('000 tonnes) 2,068 1,765 2,254 2,220 1,992 7,026 8,232
Blair Athol Coal mine (a) 71.2%
Queensland
Thermal coal ('000 tonnes) 697 - - - - 2,587 -
Clermont Coal mine (b) 50.1%
Queensland
Thermal coal ('000 tonnes) 2,826 2,256 3,041 3,499 2,986 8,189 11,782
Hail Creek Coal mine 82.0%
Queensland
Hard coking coal ('000 tonnes) 1,937 1,485 1,674 1,808 1,873 7,174 6,839
Thermal coal ('000 tonnes) (c) - - - 25 166 - 191
Hunter Valley Operations 80.0%
New South Wales
Semi-soft coking coal ('000 tonnes) 576 814 579 582 659 2,119 2,634
Thermal coal ('000 tonnes) 2,993 2,366 3,191 2,912 2,533 9,836 11,002
Kestrel Coal mine 80.0%
Queensland
Hard coking coal ('000 tonnes) 304 402 483 760 908 2,468 2,553
Thermal coal ('000 tonnes) 83 211 111 66 75 350 463
Mount Thorley Operations 64.0%
New South Wales
Semi-soft coking coal ('000 tonnes) 537 424 569 377 477 1,584 1,846
Thermal coal ('000 tonnes) 657 754 645 411 547 2,497 2,357
Rio Tinto percentage interest shown above is at 31 December 2013. The data represent full
production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
--------------------------------------------- --------- ------ ------ ------ ------ ------ --------- ---------
COAL (continued)
Warkworth mine 44.5%
New South Wales
Semi-soft coking coal ('000 tonnes) 355 263 719 96 202 1,296 1,281
Thermal coal ('000 tonnes) 1,365 1,583 1,229 2,403 1,779 5,477 6,995
------ ------ ------ ------ ------ --------- ---------
Total hard coking coal production ('000
tonnes) 2,242 1,886 2,157 2,568 2,780 9,642 9,392
Total semi-soft coking coal production ('000
tonnes) 1,468 1,501 1,867 1,055 1,338 5,000 5,761
Total thermal coal production ('000 tonnes) 10,689 8,936 10,472 11,537 10,078 35,963 41,023
------ ------ ------ ------ ------ --------- ---------
Total coal production ('000 tonnes) 14,399 12,323 14,496 15,161 14,196 50,605 56,176
------ ------ ------ ------ ------ --------- ---------
Total coal sales ('000 tonnes) 14,757 12,259 14,056 14,481 15,027 50,050 55,823
------ ------ ------ ------ ------ --------- ---------
Rio Tinto Coal Australia share (d)
Share of hard coking coal sales ('000 tonnes) 1,841 1,535 1,776 1,846 2,289 8,210 7,445
Share of semi-soft coal sales ('000 tonnes)
(e) 882 1,115 981 806 1,048 3,194 3,950
Share of thermal coal sales ('000 tonnes) (e) 6,236 4,931 5,682 5,952 5,750 19,754 22,316
------ ------ ------ ------ ------ --------- ---------
(a) Blair Athol closed in the last quarter of 2012. Rio Tinto agreed the sale of its 71.2%
interest in Blair Athol in October 2013.
(b) In October 2013, Rio Tinto announced that it had reached a binding agreement for the
sale of its 50.1% interest in the Clermont Joint Venture.
(c) Hail Creek started a trial of thermal coal production, reprocessed from coking coal reject,
in the third quarter of 2013.
(d) Kestrel produces hard coking coal and thermal coal through its mining operations. These
coals may be blended at ports.
(e) Sales relate only to coal mined by the operations and exclude traded coal.
Rio Tinto Coal Mozambique
Benga mine (a) 65.0%
Hard coking coal production ('000 tonnes) 154 171 219 249 228 289 867
Thermal coal production ('000 tonnes) 246 168 202 188 196 419 754
------ ------ ------ ------ ------ --------- ---------
(a) Benga moved to commercial production during the third quarter of 2012.
Rio Tinto percentage interest shown above is at 31 December 2013. The data represent full
production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio
Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
--------------------------------------------- --------- ------ ------ ------ ------ ------ --------- ---------
COPPER & GOLD
Escondida 30.0%
Chile
Sulphide ore to concentrator ('000
tonnes) 18,796 18,964 19,295 18,276 19,584 70,736 76,119
Average copper grade (%) 1.39 1.44 1.42 1.37 1.30 1.31 1.38
Mill production (metals in concentrates):
Contained copper ('000 tonnes) 216.6 229.3 231.9 210.6 214.4 766.6 886.2
Contained gold ('000 ounces) 24 24 24 22 24 98 94
Contained silver ('000 ounces) 836 870 1,021 1,017 1,124 3,501 4,032
Recoverable copper in ore stacked
for leaching ('000 tonnes) (a) 72.7 55.9 53.5 61.0 64.9 280.8 235.3
Refined production from leach
plants:
Copper cathode production ('000
tonnes) 70.9 75.3 79.3 73.2 77.5 310.3 305.3
------ ------ ------ ------ ------ --------- ---------
(a) The calculation of copper in material mined for leaching is based on ore stacked at the
leach pad.
Freeport-McMoRan Copper & Gold
Grasberg mine (a) 0.0% (b)
Papua, Indonesia
Ore treated ('000 tonnes) 16,424 17,943 10,403 18,235 17,935 60,379 64,516
Average mill head grades:
Copper (%) 0.66 0.66 0.73 0.74 0.79 0.62 0.73
Gold (g/t) 0.59 0.52 0.53 0.65 0.81 0.59 0.64
Silver (g/t) 2.43 2.15 3.65 2.68 2.52 1.98 2.64
Production of metals in concentrates:
Copper in concentrates ('000 tonnes) 94.1 103.0 65.2 119.2 125.0 326.9 412.4
Gold in concentrates ('000 ounces) 227 218 135 306 370 888 1,030
Silver in concentrates ('000 ounces) 865 812 509 1,069 854 2,591 3,244
Sales of payable metals in concentrates: (c)
Copper in concentrates ('000 tonnes) 92.3 89.8 71.6 107.5 124.9 325.6 393.9
Gold in concentrates ('000 ounces) 224 192 150 278 367 919 988
Silver in concentrates ('000 ounces) 670 563 452 761 700 2,071 2,475
------ ------ ------ ------ ------ --------- ---------
(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 4Q 2013 results show the forecast from FCX's most
recent five-year plan, because FCX is not releasing its actual 100% operating data for 4Q
2013 until the release of its 2013 fourth-quarter results on 22 January 2014.
(b) Rio Tinto share of Grasberg production is 40% of the expansion.
(c) Net of smelter deductions.
Rio Tinto percentage interest shown above is at 31 December 2013. The data represent full
production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
---------------------------------------------- --------- ------ ------ ----- ------ ------ --------- ---------
COPPER & GOLD (continued)
Kennecott Utah Copper
Barneys Canyon mine (a) 100.0%
Utah, US
Gold produced ('000 ounces) 0.8 0.0 0.4 0.0 0.0 1.2 0.4
Bingham Canyon mine 100.0%
Utah, US
Ore treated ('000 tonnes) 11,001 11,733 8,192 10,593 13,088 44,131 43,606
Average ore grade:
Copper (%) 0.60 0.47 0.54 0.62 0.56 0.42 0.55
Gold (g/t) 0.19 0.18 0.15 0.22 0.28 0.20 0.21
Silver (g/t) 2.34 2.42 2.18 4.16 3.12 2.19 3.01
Molybdenum (%) 0.027 0.033 0.022 0.034 0.032 0.040 0.031
Copper concentrates produced ('000 tonnes) 267 223 170 235 257 753 885
Average concentrate grade (% Cu) 22.1 21.7 23.0 25.2 25.1 21.6 23.8
Production of metals in copper concentrates:
Copper ('000 tonnes) (b) 59.3 48.2 39.2 59.1 64.5 163.2 211.0
Gold ('000 ounces) 48 46 31 56 74 200 207
Silver ('000 ounces) 624 663 431 852 930 2,086 2,876
Molybdenum concentrates produced ('000
tonnes): 2.2 3.5 1.7 2.4 3.5 18.2 11.1
Molybdenum in concentrates ('000 tonnes) 1.1 1.8 0.9 1.2 1.8 9.4 5.7
------ ------ ----- ------ ------ --------- ---------
(a) Mining operations ceased in the first quarter of 2002. Gold continues to be recovered
from leach pads.
(b) Includes a small amount of copper in precipitates.
Kennecott smelter & refinery 100.0%
Copper concentrates smelted ('000 tonnes) 285 245 123 256 266 830 890
Copper anodes produced ('000 tonnes) (a) 63.3 50.6 30.1 54.3 56.9 167.7 192.0
Production of refined metal:
Copper ('000 tonnes) 59.9 50.4 39.2 46.3 57.7 162.7 193.6
Gold ('000 ounces) (b) 78 60 44 40 48 279 192
Silver ('000 ounces) (b) 810 672 457 395 633 2,451 2,158
------ ------ ----- ------ ------ --------- ---------
(a) New metal excluding recycled material.
(b) Includes gold and silver in intermediate products.
Rio Tinto percentage interest shown above is at 31 December 2013. The data represent full
production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
------------------------------------------- --------- ----- ----- ----- ----- ----- --------- ---------
COPPER & GOLD (continued)
Northparkes Joint Venture (a) 0.0%
New South Wales, Australia
Ore treated ('000 tonnes) 1,393 1,419 1,542 1,528 989 5,651 5,478
Average ore grade:
Copper (%) 1.09 1.06 1.02 1.04 1.03 1.07 1.04
Gold (g/t) 0.52 0.49 0.47 0.45 0.44 0.53 0.47
Copper concentrates produced ('000 tonnes) 39.1 39.7 42.8 44.2 27.1 155.8 153.6
Contained copper in concentrates:
Saleable production ('000 tonnes) 13.5 13.3 14.0 14.3 9.0 53.8 50.6
Sales ('000 tonnes) (b) 12.1 10.7 11.3 8.9 11.6 43.8 42.5
Contained gold in concentrates:
Saleable production ('000 ounces) 18 17 17 17 10 72 62
Sales ('000 ounces) (b) 16.3 14.9 13.4 11.0 14.1 60.3 53.4
----- ----- ----- ----- ----- --------- ---------
(a) Rio Tinto sold its 80% interest in Northparkes with an effective date of 1 December 2013.
Production is shown up to that date.
(b) Rio Tinto's 80% share of material from the Joint Venture.
Turquoise Hill Resources
Oyu Tolgoi mine (a) 33.5%
Mongolia
Ore Treated ('000 tonnes) - - 4,430 8,052 7,835 - 20,317
Average mill head grades:
Copper (%) - - 0.42 0.47 0.49 - 0.47
Gold (g/t) - - 0.27 0.36 0.41 - 0.36
Silver (g/t) - - 1.31 1.39 1.44 - 1.39
Copper concentrates produced ('000 tonnes) - - 50.2 110.3 129.5 - 290.0
Average concentrate grade (% Cu) - - 26.1 27.7 25.4 - 26.4
Production of metals in concentrates:
Copper in concentrates ('000 tonnes) - - 13.1 30.6 32.9 - 76.7
Gold in concentrates ('000 ounces) - - 21 62 74 - 157
Silver in concentrates ('000 ounces) - - 85 196 208 - 489
Sales of metals in concentrates:
Copper in concentrates ('000 tonnes) - - - - 6.1 - 6.1
Gold in concentrates ('000 ounces) - - - - 10 - 10
Silver in concentrates ('000 ounces) - - - - 36 - 36
----- ----- ----- ----- ----- --------- ---------
(a) Rio Tinto owns a 33.52% indirect interest in Oyu Tolgoi through its 50.79% interest in
Turquoise Hill Resources. Production included in the table is from 1 May 2013.
Rio Tinto percentage interest shown above is at 31 December 2013. The data represent full
production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
---------------------------------------------- --------- ----- ----- ----- ----- ----- --------- ---------
COPPER & GOLD (continued)
Palabora (a) 0.0%
Palabora Mine
South Africa
Ore Treated ('000 tonnes) 2,434 2,139 2,221 - - 9,225 4,360
Average ore grade: copper (%) (b) 0.57 0.56 0.58 - - 0.59 0.57
Copper concentrates produced ('000 tonnes) 43.7 35.5 47.7 - - 170.2 83.2
Average concentrate grade: copper (%) 27.8 28.4 25.3 - - 28.8 26.7
Copper in concentrates ('000 tonnes) 12.1 10.1 12.1 - - 49.1 22.2
Palabora smelter/refinery
New concentrate smelted on site ('000 tonnes) 43.6 54.2 57.1 - - 157.0 111.3
New copper anodes produced ('000 tonnes) 10.9 14.1 13.2 - - 40.6 27.3
Refined new copper produced ('000 tonnes) 8.8 13.0 12.9 - - 40.9 25.8
Gold in Anode Slimes ('000 tonnes) 3.8 2.8 2.6 - - 10.9 5.5
By-products:
Magnetite concentrate ('000 tonnes) 1,428 1,146 1,482 - - 5,280 2,628
Nickel contained in products (tonnes) 3 6 11 - - 32 17
Vermiculite plant
Vermiculite produced ('000 tonnes) 30 32 41 - - 133 73
----- ----- ----- ----- ----- --------- ---------
(a) The sale of Rio Tinto's 57.7% interest in Palabora Mining Company was completed on 31
July 2013; production data have been reported up to 30 June 2013.
(b) Includes some higher grade slag processed in 3Q 2012.
------------------------------------------------------------------------------------------------------------------
DIAMONDS
Argyle Diamonds (a) 100.0%
Western Australia
AK1 ore processed ('000 tonnes) 1,822 1,533 1,929 2,088 1,728 7,011 7,278
AK1 diamonds produced ('000 carats) 2,010 1,990 3,130 3,085 3,153 8,471 11,359
----- ----- ----- ----- ----- --------- ---------
(a) Rio Tinto officially opened the Argyle underground mine on 30 April 2013.
Diavik Diamonds 60.0%
Northwest Territories, Canada
Ore processed ('000 tonnes) 466 503 526 548 539 2,058 2,116
Diamonds recovered ('000 carats) 1,901 1,946 1,559 1,672 2,066 7,230 7,243
----- ----- ----- ----- ----- --------- ---------
Murowa Diamonds 77.8%
Zimbabwe
Ore processed ('000 tonnes) 154 153 122 145 144 542 564
Diamonds recovered ('000 carats) 126 101 88 90 135 403 414
----- ----- ----- ----- ----- --------- ---------
Rio Tinto percentage interest shown above is at 31 December 2013. The data represent full
production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
--------------------------------------------- --------- ------ ------ ------ ------ ------ --------- ---------
IRON ORE
Rio Tinto Iron Ore
Western Australia
Pilbara Operations
Saleable iron ore production ('000 tonnes)
Hamersley - Paraburdoo, Mt Tom Price,
Marandoo,
Yandicoogina, Brockman and Nammuldi 100.0% 33,022 30,775 32,945 33,707 35,868 126,630 133,295
Hamersley - Channar 60.0% 3,055 2,905 2,904 2,546 2,692 10,947 11,047
Hamersley - Eastern Range (a) 2,424 2,508 2,460 2,571 2,513 9,303 10,052
Hope Downs 50.0% 7,367 7,737 7,932 9,007 9,112 30,793 33,788
Robe River - Pannawonica (Mesas J and A) 53.0% 9,246 7,383 8,352 8,912 8,661 32,304 33,308
Robe River - West Angelas 53.0% 7,183 6,479 7,451 7,528 7,635 29,404 29,093
------ ------ ------ ------ ------ --------- ---------
Total production ('000 tonnes) 62,297 57,787 62,044 64,271 66,481 239,380 250,583
--------------------------------------------- --------- ------ ------ ------ ------ ------ --------- ---------
Breakdown of total production:
Pilbara Blend Lump 15,748 15,099 16,641 16,845 17,374 62,251 65,959
Pilbara Blend Fines 22,831 23,154 23,780 24,719 25,993 90,133 97,646
Robe Valley Lump 3,057 2,363 2,616 3,129 3,076 10,545 11,184
Robe Valley Fines 6,189 5,021 5,735 5,783 5,585 21,758 22,124
Yandicoogina Fines (HIY) 14,473 12,150 13,272 13,795 14,453 54,693 53,670
--------------------------------------------- --------- ------ ------ ------ ------ ------ --------- ---------
Breakdown of total sales:
Pilbara Blend Lump 13,740 12,472 13,356 14,408 15,628 53,069 55,864
Pilbara Blend Fines 25,157 22,753 23,437 26,177 28,999 93,692 101,366
Robe Valley Lump 2,651 2,019 1,982 2,794 3,096 9,099 9,891
Robe Valley Fines 6,707 4,645 5,637 6,298 6,592 23,000 23,172
Yandicoogina Fines (HIY) 14,668 12,833 12,056 14,576 14,504 53,847 53,969
------ ------ ------ ------ ------ --------- ---------
Total sales ('000 tonnes) (b) 62,923 54,722 56,468 64,253 68,819 232,707 244,262
--------------------------------------------- --------- ------ ------ ------ ------ ------ --------- ---------
(a) Rio Tinto owns 54% of the Eastern Range mine. Under the terms of the joint venture agreement,
Hamersley Iron manages the operation and is obliged to purchase all mine production from the
joint venture and therefore all of the production is included in Rio Tinto's share of production.
(b) Sales represent iron ore exported from Western Australian ports.
Iron Ore Company of Canada 58.7%
Newfoundland & Labrador and Quebec in Canada
Saleable iron ore production:
Concentrates ('000 tonnes) 1,438 1,357 1,849 1,785 1,801 4,391 6,792
Pellets ('000 tonnes) 2,475 2,064 2,138 2,222 2,152 9,688 8,576
Sales:
Concentrates ('000 tonnes) 1,316 939 2,245 1,481 1,530 4,237 6,195
Pellets ('000 tonnes) 2,517 1,648 2,582 2,289 2,064 9,884 8,583
--------------------------------------------- --------- ------ ------ ------ ------ ------ --------- ---------
Global Iron Ore Totals
Iron Ore Production ('000 tonnes) 66,210 61,209 66,030 68,278 70,434 253,459 265,951
Iron Ore Sales ('000 tonnes) 66,756 57,310 61,294 68,023 72,414 246,828 259,041
Rio Tinto percentage interest shown above is at 31 December 2013. The data represent full
production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2012 2013 2013 2013 2013 2012 2013
------------------------------------------ --------- ----- ----- ----- ----- ----- --------- ---------
SALT
Dampier Salt 68.4%
Western Australia
Salt production ('000 tonnes) 2,454 2,319 2,444 2,320 2,759 9,996 9,841
------------------------------------------ --------- ----- ----- ----- ----- ----- --------- ---------
TITANIUM DIOXIDE FEEDSTOCK
Rio Tinto Iron & Titanium 100.0%
Canada and South Africa (a)
(Rio Tinto share) (b)
Titanium dioxide feedstock ('000 tonnes) 450 427 461 373 361 1,594 1,622
----- ----- ----- ----- ----- --------- ---------
(a) On 7 September 2012, Rio Tinto increased its stake in Richards Bay Minerals from 37%
to 74% through the acquisition of BHP Billiton's interest in RBM.
(b) Quantities comprise 100% of Rio Tinto Fer et Titane and Rio Tinto's share of Richards
Bay Minerals' production. Ilmenite mined in Madagascar is being processed in Canada.
--------------------------------------------------------------------------------------------------------------
URANIUM
Energy Resources of Australia Ltd
Ranger mine 68.4%
Northern Territory, Australia
U(3) O(8) Production ('000 lbs) 2,690 1,974 2,034 1,270 1,083 8,304 6,361
----- ----- ----- ----- ----- --------- ---------
Rössing Uranium Ltd 68.6%
Namibia
U(3) O(8) Production ('000 lbs) 1,477 1,434 1,423 1,383 1,072 5,950 5,312
----- ----- ----- ----- ----- --------- ---------
Rio Tinto percentage interest shown above is at 31 December 2013. The data represent full
production and sales on a 100% basis unless otherwise stated.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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