Qrtly Production Report -Pt.2
Rio Tinto PLC
24 October 2001
PART 2
Iron Ore Company of Canada
Total production and shipments from the Carol Lake operations (Rio Tinto
56.1% (a)) in Labrador, Canada.
(100% basis)
Carol Lake operations
Saleable production:
Concentrates
('000 tonnes) 567 868 638 1,019 630 567 2,287
Pellets
('000 tonnes) 1,609 3,092 2,702 3,306 2,986 1,609 8,994
Shipments:
Concentrate
('000 tonnes) 718 1,124 652 1,098 727 718 2,477
Pellets
('000 tonnes) 1,781 2,517 1,987 2,824 2,207 1,781 7,018
(a) Rio Tinto acquired its interest in Iron Ore Company of Canada as part
of the purchase of North Limited. Production data are shown from 11
August 2000, the effective date of the acquisition.
The third quarter of 2001 saw a solid operating performance by IOC,
despite the challenges associated with the commissioning of the first of
three lines of the Concentrator Upgrade Project. Poor conditions in IOC's
major markets persisted through the quarter, with low utilisation rates of
steel mills in North America and Europe.
On 27 September 2001, IOC announced that, due to deteriorating market
conditions, the reconditioning of the pellet plant in Sept Iles, Quebec,
would be suspended.
Rio Tinto Brasil Limitada
Total production at the Corumba mine (Rio Tinto 100%) in Corumba, Mato
Grosso do Sul, Brazil.
Corumba mine
Total iron ore
production
('000 tonnes) (a) 281 178 156 116 206 600 478
(a) Production includes by-product fines.
Production was lower in the first nine months of 2001, than in the first
nine months of 2000, due to a delay until June 2001 in renewing a major
sales contract.
Robe River Iron Associates
Total production and shipments from the Pannawonica mine (Rio Tinto 53%
(a)) in Western Australia.
(100% basis)
Pannawonica mine
Saleable production
('000 tonnes) 4,831 7,954 6,781 6,970 8,692 4,831 22,443
Shipments
('000 tonnes) 5,600 7,295 7,308 7,136 9,087 5,600 23,531
(a) Rio Tinto acquired its interest in Robe River as part of the purchase
of North Limited. Production data are shown from 11 August 2000, the
effective date of the acquisition.
Production for the third quarter of 2001 was 25% higher compared with the
previous quarter. Third quarter 2001 production established a new
quarterly record. Whilst shipments for the third quarter were 5% down
compared with the total shipments by Robe in the third quarter of 2000,
they were 27% higher than the previous quarter.
NICKEL
Rio Tinto Brasil Limitada
Total nickel in matte production at the Fortaleza mine (Rio Tinto 100%) in
Brazil
Fortaleza mine
Production
(tonnes) 1,333 2,674 2,710 2,487 2,989 6,064 8,186
Production was higher in the first nine months of 2001 than in the first
nine months of 2000 due to a planned maintenance shutdown being postponed
to October 2001, a mining and a metallurgy performance improvement and the
anticipated open pit closure causing a month's production stoppage last
year.
Rio Tinto Zimbabwe
Total refined metal production at the Empress Nickel refinery (Rio Tinto
56%) in Zimbabwe.
(100% basis)
Empress Nickel refinery
Production
(tonnes) 1,869 1,654 1,623 1,651 1,770 5,281 5,044
SALT
Dampier Salt
Total production of salt from Dampier, Lake MacLeod and Port Hedland
(a)(Rio Tinto 64.9%) in Western Australia.
(100% basis)
Salt production
('000 tonnes) 1,142 1,095 1,385 1,571 1,550 3,504 4,506
(a) Production data from the newly acquired Port Hedland operation
(Dampier Salt 100%) are included with effect from 17 August 2001.
TALC
The Luzenac Group
Total talc production from Luzenac Group operations in Europe (Rio Tinto
99.9%), North America (Rio Tinto 100%) and Australia (Rio Tinto 100%)
(100% basis)
Talc
production
('000 tonnes) 324 302 323 319 312 960 953
TITANIUM DIOXIDE FEEDSTOCK
Rio Tinto Iron and Titanium
Rio Tinto share of titanium dioxide feedstock production in Canada and
South Africa.
(Rio Tinto share)
Titanium dioxide
feedstock
production
('000 tonnes) 341 368 356 371 359 1,000 1,086
URANIUM
Energy Resources of Australia Ltd
Total production at the Ranger mine (Rio Tinto 68.4% (a)) in the Northern
Territory, Australia.
(100% basis)
Ranger mine
Production
(tonnes U3O8) 548 1,216 1,320 947 789 548 3,056
(a) Rio Tinto acquired its interest in ERA as part of the purchase of
North Limited. Production data are shown from 11 August 2000, the
effective date of the acquisition.
Rossing Uranium Ltd
Total uranium production at the Rossing Uranium mine (Rio Tinto 68.58%) in
Namibia.
(100% basis)
Production
(tonnes U3O8) 821 836 724 449 793 2,365 1,966
Production in the third quarter of 2001 was better than in the first two
quarters despite a rod mill failure.
ZINC
Norzink AS
Total refined zinc production at the Norzink smelter (Rio Tinto 50% (a))
in Norway.
(100% basis)
Production
('000 tonnes) 35.2 34.7 36.3 4.5 - 103.7 40.9
(a) Rio Tinto completed the sale of its interest in Norzink on 17 April
2001.
Zinkgruvan Mining AB
Total production at the Zinkgruvan mine (Rio Tinto 100% (a)) in Sweden.
Ore treated
('000 tonnes) 127 179 201 203 195 127 599
Average ore grades:
Zinc (%) 10.1 11.1 8.2 8.0 8.5 10.1 8.2
Lead (%) 3.8 4.3 3.3 3.9 3.5 3.8 3.6
Silver (g/t) 107 112 75 87 83 107 82
Production of zinc
concentrate
('000 tonnes) 22.7 33.9 28.0 26.6 27.8 22.7 82.4
Production of lead
concentrate
('000 tonnes) 5.5 9.1 7.9 9.6 8.6 5.5 26.1
Production of
metal in
concentrates:
Zinc
('000 tonnes) 12.8 18.7 15.3 14.8 15.1 12.8 45.2
Lead
('000 tonnes) 3.9 6.6 5.7 6.9 5.8 3.9 18.4
Silver
('000 tonnes) 271 431 347 396 326 271 1,069
(a) Rio Tinto acquired its interest in Zinkgruvan as part of the purchase
of North Limited. Production data are shown from 11 August 2000, the
effective date of the acquisition.
As expected, zinc grades in 2001 continue to be lower than in 2000.
EXPLORATION
Expenditure
Total pre-tax exploration expenditure charged to the profit and loss
account for the quarter ending 30 September 2001 was US$34 million
compared with US$28 million for the comparable quarter in 2000. Total
expenditure for the first nine months of 2001 was US$88million compared
with US$86 million in the first nine months of 2000.
Ongoing Programmes
Country Commodity Programme Summary
Argentina Borates Exploration drilling was completed at
the Tincalayu sodium borate mine in
Argentina with new resources outlined
in three areas.
Indonesia Copper and gold In Block A, exploration and delineation
drilling continued on porphyry gold-copper
mineralisation within the Ertsberg
intrusion and on extensions to the Kucing
Liar skarn system on the periphery of the
Grasberg intrusion.
Turkey Copper and gold Exploration drilling continued at the
Cukur Dere gold-copper prospect near
Copler in Turkey.
North America Copper Exploration drilling commenced at the
Resolution copper project in Arizona.
South America Copper Exploration drilling continued at the
Marcona copper-gold prospect in southern
Peru.
India Diamonds A kimberlite pipe was discovered in
Andhra Pradesh. Surface samples are
currently being analysed for diamonds.
Brazil Diamonds Seven kimberlite pipes were discovered
in the Guarda Mor area of Brazil.
Surface samples are currently being
analysed for diamonds.
Canada Diamonds Three kimberlite pipes were discovered
on the Tahera property in the Nunavut
region. Drill core analyses from the
Anuri pipe indicate that it is
significantly diamondiferous. Results
are awaited for drill core from the
other two pipes.
Iran Gold Exploration drilling continued at the
Dashkasan prospect in Iran.