Quarterly Production Report

Rio Tinto PLC 26 July 2000 Rio Tinto Quarterly Production Report For the Quarter ending 30 June 2000 * Record iron ore production for the first half of 2000 was 18% higher than the comparable period in 1999. Shipments of 32 million tonnes were a first half record and 21% higher than the comparable period in 1999. * Aluminium production increased 11% in the first half of 2000 compared with the first half of 1999, helped by the increase in Rio Tinto's stake in Comalco during the second quarter of 2000. * Mined copper production for the second quarter of 2000 was similar to that in the first quarter but production for the half year was down 6% on the comparable half in 1999 due to lower grades, primarily at Escondida, Chile and Grasberg, Indonesia. * Mined gold production was 14% lower for the half year compared with the first half of 1999. Gold grades were higher at Kennecott Utah copper, USA but these were more than offset by lower grades at Grasberg, lower production at Kelian, Indonesia and the end of mining at Ridgeway, USA. * Coal production for the half year was 8% lower than the first half of 1999 with lower production in the US due to reduced customer requirements and at Kaltim Prima, Indonesia due to adverse weather in the first quarter and a pit reconfiguration. * Borates production for the half year was down marginally compared with the first half of 1999. Titanium dioxide feedstock production was down 10%, partly as a consequence of the damage caused by the fire at QIT, Canada in June 1999. For further information contact: Media Relations Investor Relations Lisa Cullimore Peter Jarvis + 44 20 7753 2305 + 44 20 7753 2401 Website: www.riotinto.com Rio Tinto's financial results for the first half of 2000 will be released on 3rd August 2000. RIO TINTO PRODUCTION SUMMARY RIO TINTO share of production Half % Change Quarter Year Q200 Q200 1H00 1999 2000 2000 1999 2000 vs vs vs Q2 Q1 Q2 Q100 Q299 1H99 Principal Commodities Copper - mined ('000 t) 214.7 204.5 204.4 434.8 409.0 - -5% -6% Copper - refined ('000 t) 100.4 98.3 88.0 184.2 186.3 -10% -12% 1% Gold - mined ('000 ozs) 720 640 591 1,432 1,231 -8% -18% -14% Gold - refined ('000 ozs) 83 80 110 165 190 38% 32% 15% Iron ore ('000 t) 12,932 14,321 14,630 24,467 28,951 2% 13% 18% Coal ('000 t) 34,583 31,243 30,769 67,200 62,013 -2% -11% -8% Aluminium ('000 t) 139.3 142.5 161.4 272.7 303.9 13% 16% 11% Borates ('000 t) 142 145 135 288 280 -7% -5% -3% Titanium dioxide feedstock ('000 t) 354 349 310 730 659 -11% -12% -10% Other Metals & Minerals Bauxite ('000 t) 2,010 2,137 2,657 4,153 4,794 24% 32% 15% Alumina ('000 t) 294 301 363 578 664 20% 23% 15% Diamonds ('000 cts) 4,337 3,983 4,494 8,581 8,476 13% 4% -1% Lead - mined ('000 t) 5.4 3.5 3.6 10.7 7.1 2% -34% -34% Molybdenum ('000 t) 1.4 2.3 3.0 3.5 5.4 31% 118% 53% Nickel in matte (tonnes) 1,726 2,561 2,170 3,897 4,731 -15% 26% 21% Nickel - refined (tonnes) 1,036 973 939 1,962 1,912 -3% -9% -3% Salt ('000 t) 941 665 869 1,655 1,534 31% -8% -7% Silver - mined ('000 ozs) 3,994 3,443 3,453 7,781 6,896 - -14% -11% Silver - refined ('000 ozs) 1,154 776 709 2,356 1,485 -9% -39% -37% Talc ('000 t) 325 321 315 634 636 -2% -3% - Tin (tonnes) 241 109 275 460 384 154% 14% -16% Uranium (tonnes) 559 567 507 1,146 1,074 -11% -9% -6% Zinc - mined ('000 t) 18.9 9.9 11.2 38.3 21.2 13% -40% -45% Zinc - refined ('000 t) 20.6 17.8 16.5 42.0 34.3 -8% -20% -19% NB Throughout this report, figures in italics indicate adjustments made since the figure was previously quoted on the equivalent page. The figures shown for production are sometimes more precise than the rounded numbers shown, hence small differences may result between the total of the quarter figures and the half year figures. PRINCIPAL COMMODITIES Rio Tinto Share of Production 2Q 3Q 4Q 1Q 2Q 1H 1H Interest 1999 1999 1999 2000 2000 1999 2000 COPPER Mine production ('000 tonnes) Kennecott Utah Copper 100% 68.9 67.2 63.7 69.7 74.1 148.4 143.8 Escondida 30% 77.8 75.8 71.4 67.0 63.7 152.5 130.7 Grasberg - FCX (a) 13% 21.2 21.7 20.5 18.5 17.9 42.1 36.3 Grasberg - Joint Venture (a) 40% 24.8 23.1 27.4 24.5 23.1 44.7 47.7 Neves Corvo 49% 12.2 12.3 11.8 11.9 11.7 25.2 23.6 Palabora 46% 9.8 12.9 17.0 13.0 13.9 22.0 26.9 Rio Tinto total mine production 214.7 213.2 211.8 204.5 204.4 434.8 409.0 Refined production ('000 tonnes) Kennecott Utah Copper 100% 71.9 69.2 70.3 69.9 61.1 125.9 131.0 Palabora 46% 9.6 11.3 13.9 8.3 6.7 21.4 15.0 Atlantic Copper (a) 16% 9.2 8.8 9.5 9.7 9.7 18.4 19.4 Escondida 30% 9.7 10.4 10.5 10.5 10.5 18.6 21.0 Rio Tinto total refined production 100.4 99.7 104.3 98.3 88.0 184.2 186.3 At the end of the quarter, the Group had provisionally priced sales of copper in concentrates and intermediate product as follows: Million lbs of payable copper: Kennecott 100% 0 0 0 0 11 0 11 Escondida 30% 105 96 104 115 100 105 100 Grasberg (a) 13% 59 40 56 58 45 59 45 Neves Corvo 49% 9 9 9 11 9 9 9 Rio Tinto total 173 145 169 184 165 173 165 Priced at US c/lb average 75 81 84 78 81 78 81 GOLD Mine production ('000 ounces) Kennecott Utah Copper 100% 87 95 88 111 143 183 254 Grasberg - FCX (a) 13% 77 83 72 59 49 153 108 Grasberg - Joint Venture (a) 40% 150 140 196 113 87 298 200 Kelian 90% 91 111 102 68 55 184 123 Ridgeway 100% 23 26 12 - - 43 - Barneys Canyon 100% 26 25 43 33 35 44 68 Morro do Ouro 51% 22 26 28 30 30 43 60 Rawhide 51% 15 16 14 14 14 28 28 Peak 100% 32 33 38 32 35 70 67 Cortez/Pipeline 40% 135 143 127 125 86 261 210 Escondida 30% 12 12 10 10 8 24 18 Rio Tinto Zimbabwe 56% 10 10 10 9 10 20 19 Lihir (b) 16% 25 32 28 20 23 46 43 Greens Creek 70% 14 14 12 15 15 30 30 Others: (c) 3 5 6 2 1 6 3 Rio Tinto total mine production 720 770 785 640 591 1,432 1,231 Refined production ('000 ounces) Kennecott Utah Copper 100% 83 86 96 80 110 165 190 IRON ORE Production ('000 tonnes) Hamersley 100% 11,437 11,778 11,780 12,618 12,978 21,439 25,596 Channar 60% 1,268 1,772 1,705 1,556 1,479 2,590 3,035 Corumba (d) 100% 227 235 94 147 173 438 319 Rio Tinto total mine production 12,932 13,785 13,579 14,321 14,630 24,467 28,951 Mine production figures for metals refer to the total quantity of metal produced in concentrates or dore bullion irrespective of whether these products are then refined onsite, except for the data for iron ore which represent production of saleable quantities of ore. See footnotes below PRINCIPAL COMMODITIES (continued) Rio Tinto Share of Production Coal 2Q 3Q 4Q 1Q 2Q 1H 1H Interest Type 1999 1999 1999 2000 2000 1999 2000 COAL US coal operations ('000 tonnes) Kennecott Energy: Cordero Rojo 100% S 10,369 10,352 11,129 8,899 7,204 19,955 16,103 Antelope 100% S 5,183 5,548 5,258 5,076 5,035 9,773 10,111 Spring Creek 100% S 2,490 2,490 2,495 2,650 2,668 4,990 5,318 Decker 50% S 988 1,253 1,574 1,056 1,148 2,150 2,204 Colowyo (e) 100% S 1,284 1,197 1,417 1,168 1,225 2,439 2,393 Jacobs Ranch 100% S 6,750 6,416 7,016 5,726 5,965 12,939 11,691 Total US coal 27,064 27,256 28,889 24,575 23,245 52,246 47,820 Australian coal operations ('000 tonnes) Pacific Coal: Blair Athol (f) 71% S 2,011 2,088 1,817 1,733 1,848 4,010 3,581 Kestrel Coal (g) 80% S 70 183 171 176 246 70 422 80% M 96 503 284 348 472 96 820 Tarong Coal 100% S 1,461 1,325 1,176 1,256 1,049 2,616 2,305 Coal & Allied Industries: Hunter Valley Operations (h) 71% S 1,076 1,257 829 869 1,101 2,198 1,970 71% M 458 661 443 546 637 1,014 1,183 Mount Thorley 57% S 281 336 253 246 239 663 485 57% M 391 348 294 348 273 743 621 Total Australian coal 5,844 6,701 5,267 5,522 5,865 11,409 11,387 Indonesian coal operations ('000 tonnes) Kaltim Prima Coal (i) 50% S 1,582 2,018 1,631 1,146 1,660 3,358 2,806 South American coal operations ('000 tonnes) Carbones del Cerrejon (j) 0% S 93 98 118 - - 187 - Rio Tinto total coal production 34,583 36,073 35,904 31,243 30,769 67,200 62,013 BAUXITE/ALUMINA/ALUMINIUM Bauxite ('000 tonnes) Weipa (k) 100% 1,934 2,016 2,170 2,011 2,513 4,002 4,525 Boke (k) 4% 75 38 128 125 144 151 269 Rio Tinto total bauxite production 2,010 2,055 2,298 2,137 2,657 4,153 4,794 Alumina ('000 tonnes) Queensland Alumina (k) 30% 198 201 202 198 246 390 443 Eurallumina (k) 56% 96 103 102 104 117 188 221 Rio Tinto total Alumina production 294 303 304 301 363 578 664 Aluminium ('000 tonnes) Comalco (k) 100% 121.8 124.3 125.9 124.7 143.4 237.7 268.1 Anglesey 51% 17.4 17.3 17.7 17.8 18.0 34.9 35.8 Rio Tinto total aluminium production 139.3 141.6 143.6 142.5 161.4 272.7 303.9 BORATES Borates ('000 tonnes B2O3 content) Rio Tinto total borate production 100% 142 141 132 145 135 288 280 TITANIUM DIOXIDE FEEDSTOCK Production ('000 tonnes) Rio Tinto Iron & Titanium 100% 354 347 350 349 310 730 659 Key to coal type: S = Steaming/thermal coal, M = Metallurgical/coking coal See footnotes below OTHER METALS & MINERALS Rio Tinto Share of Production 2Q 3Q 4Q 1Q 2Q 1H 1H Interest 1999 1999 1999 2000 2000 1999 2000 DIAMONDS Production ('000 carats) Argyle 60% 4,337 4,720 4,430 3,983 4,494 8,581 8,476 LEAD Mine production ('000 tonnes) Various (c)- 5.4 5.4 4.7 3.5 3.6 10.7 7.1 MOLYBDENUM Mine production ('000 tonnes) Kennecott Utah Copper 100% 1.4 1.3 1.6 2.3 3.0 3.5 5.4 NICKEL Nickel in matte (tonnes) Fortaleza 100% 1,726 2,620 2,928 2,561 2,170 3,897 4,731 Toll refined metal production (tonnes) Rio Tinto Zimbabwe - Empress 56% 1,036 1,011 969 973 939 1,962 1,912 SALT Production ('000 tonnes) Dampier 65% 941 835 920 665 869 1,655 1,534 SILVER Mine production ('000 ounces) Kennecott Utah Copper 100% 905 959 886 916 952 2,014 1,869 Greens Creek 70% 1,954 1,810 1,902 1,758 1,779 3,502 3,537 Grasberg - FCX (a) 13% 148 147 147 128 125 269 253 Grasberg - Joint Venture (a) 40% 61 194 133 75 48 111 123 Others: (c) - 927 989 1,025 566 548 1,887 1,114 Rio Tinto total mine production 3,994 4,099 4,093 3,443 3,453 7,781 6,896 Refined production ('000 ounces) Kennecott Utah Copper 100% 1,154 1,160 775 776 709 2,356 1,485 TALC Production ('000 tonnes) Luzenac Group 99.9% 325 321 313 321 315 634 636 TIN Mine production (tonnes) Neves Corvo 49% 241 448 150 109 275 460 384 Mine production figures for metals refer to the total quantity of metal produced in concentrates or dore bullion irrespective of whether these products are then refined on-site. The nickel in matte production reflects the contained tonnage of nickel. See footnotes below. OTHER METALS & MINERALS (continued) Rio Tinto Share of Production 2Q 3Q 4Q 1Q 2Q 1H 1H Interest 1999 1999 1999 2000 2000 1999 2000 URANIUM Production (tonnes U308) Rossing 69% 549 557 493 561 498 1,125 1,059 Palabora 46% 11 10 11 7 9 21 15 Rio Tinto total uranium production 559 567 504 567 507 1,146 1,074 ZINC Mine production ('000 tonnes) Various(c) - 18.9 19.2 17.1 9.9 11.2 38.3 21.2 Refined production ('000 tonnes) Norzink 50% 17.5 18.2 17.9 17.8 16.5 36.0 34.3 Others:(c) - 3.1 3.5 3.4 - - 6.0 - Rio Tinto total refined zinc production 20.6 21.6 21.2 17.8 16.5 42.0 34.3 (a) Rio Tinto's initial interests in the Grasberg mine and in the Atlantic Copper smelter were acquired in 1995 by virtue of an acquisition of shares in Freeport-McMoRan Copper & Gold (FCX). As a result of FCX share buy-backs, Rio Tinto's interest in FCX has changed and, as of 30 June 2000, Rio Tinto had, by virtue of its FCX shareholding, a 13.4% share in Grasberg and a 15.7% share in Atlantic Copper. From 1 January 1998, under the Joint Venture agreement with FCX, Rio Tinto is entitled to 40% of additional material mined as a consequence of the expansion of the Grasberg facilities. The additional entitlement is shown separately in the above tables. (b) Effective 14 February 2000, Rio Tinto's interest in Lihir decreased from 17.15% to 16.3% following a placement of shares by Lihir Gold. (c) Up until 31 December 1999, the above table included Rio Tinto's share of production from its one third interest in Minera S.A. This was sold at the end of 1999. (d) Rio Tinto increased its interest in the Corumba mine, Brazil, from 80% to 100% during June 1999. Rio Tinto's share of production has been increased to 100% from 1 January 1999, in accordance with the purchase agreement. (e) Kennecott Energy has a partnership interest in the Colowyo mine, but as it is responsible under a management agreement for the operation of the mine, all of Colowyo's output is included in Rio Tinto's share of production. (f) On 10 January 1999, Rio Tinto increased its beneficial interest in the Blair Athol mine from 57.2% to 71.2%. (g) Rio Tinto acquired Kestrel Coal, formerly Gordonstone, in February 1999 and production commenced in June 1999. (h) With effect from 1 July 1999, Coal & Allied purchased the Rio Tinto coal interests in New South Wales that were previously held under the Novacoal name. Coal & Allied also purchased Mitsubishi Development Pty Ltd's 40% interest in the Howick mine. The restructuring of Coal & Allied's shareholdings left Rio Tinto with a 70.9% interest. Rio Tinto's share of production for quarters prior to 1 July 1999 is reported in line with the pre-merger shareholdings. (i) Rio Tinto has a 50% share in Kaltim Prima and, under the terms of its Coal Agreement, the Indonesian Government is entitled to a 13.5% share of Kaltim Prima's production. Rio Tinto's share of production shown is before deduction of the Government share. (j) Rio Tinto disposed of its interest in Carbones del Cerrejon in early January 2000. (k) Rio Tinto progressively increased its interest in Comalco from 70.4% to 72.4% during the first half of 1999. During the first half of 2000, Rio Tinto offered to acquire all the shares in Comalco and now holds 100%. Rio Tinto's share of production has been calculated using the weighted average of Rio Tinto's interest over the relevant periods. COPPER & GOLD 2Q 3Q 4Q 1Q 2Q 1H 1H 1999 1999 1999 2000 2000 1999 2000 Kennecott Utah Copper Total production at Kennecott's Bingham Canyon mine, smelter and refinery (Rio Tinto 100%) and Barneys Canyon mine (Rio Tinto 100%) in Utah, US. Bingham Canyon Mine Ore treated ('000 tonnes) 14,563 14,523 13,191 15,440 14,281 28,880 29,721 Average ore grade: Copper (%) 0.53 0.53 0.53 0.52 0.58 0.57 0.55 Gold (g/t) 0.28 0.30 0.30 0.32 0.47 0.29 0.39 Silver (g/t) 2.71 2.85 2.67 2.54 2.78 2.95 2.64 Molybdenum (%) 0.033 0.031 0.031 0.035 0.050 0.034 0.043 Copper concen- trates produced ('000 tonnes) 263 257 248 275 262 547 537 Average concentrate grade (% Cu) 25.6 25.7 25.5 25.2 28.1 26.6 26.6 Production of metals in copper concentrates: Copper ('000 tonnes) (a) 68.9 67.2 63.7 69.7 74.1 148.4 143.8 Gold ('000 ounces) 87 95 88 111 143 183 254 Silver ('000 ounces) 905 959 886 916 952 2,014 1,869 Molybdenum concentrates produced ('000 tonnes): 2.7 2.4 2.9 4.3 5.4 6.5 9.7 Molybdenum in concentrates ('000 tonnes) 1.4 1.3 1.6 2.3 3.0 3.5 5.4 Kennecott Smelter & Refinery Copper concentrates smelted ('000 tonnes) 264 300 266 279 246 500 525 Copper anodes produced ('000 tonnes) (b) 73.1 72.5 66.8 70.5 58.0 125.9 128.6 Production of refined metal: Copper ('000 tonnes) 71.9 69.2 70.3 69.9 61.1 125.9 131.0 Gold ('000 ounces) (c) 83 86 96 80 110 165 190 Silver ('000 ounces) (c) 1,154 1,160 775 776 709 2,356 1,485 (a) Includes a small amount of copper in precipitates. (b) New metal excluding recycled material. (c) Includes gold and silver in intermediate products. In the second quarter of 2000, production of all metals in concentrate exceeded both the second quarter of 1999 and the first quarter of 2000; primarily due to higher ore grade. Refined copper production was lower in the second quarter of 2000 compared with the second quarter of 1999 and the first quarter of 2000, principally due to the planned smelter maintenance shutdown in the second quarter of 2000. Refined gold, compared with the second quarter of 1999 and first quarter of 2000, was higher mainly due to increased ore grade. Refined silver in the second quarter of 2000 was lower than the second quarter of 1999 primarily due to timing of production from intermediate products. Barneys Canyon Mine Ore treated ('000 tonnes) 623 676 542 461 599 1,113 1,060 Average ore grade: Gold (g/t) 1.63 2.31 3.69 2.44 2.99 1.78 2.75 Gold produced in dore and concentrates ('000 ounces) 26 25 43 33 35 44 68 Gold production in the second quarter of 2000 was higher than the second quarter of 1999 and first quarter of 2000, principally due to increased ore grade. Freeport-McMoRan Copper & Gold Total production and sales at the Grasberg mine (Rio Tinto 13.4% (a)) in Papua, Indonesia, and the Atlantic Copper smelter (Rio Tinto 15.7%) in Spain. Grasberg Mine Ore treated ('000 tonnes) 19,730 20,410 20,468 21,073 19,885 39,683 40,958 Average mill head grades: Copper (%) 1.16 1.11 1.09 0.94 0.94 1.15 0.94 Gold (g/t) 1.39 1.40 1.37 0.99 0.86 1.35 0.93 Silver (g/t) 2.91 2.74 2.69 2.83 2.72 2.84 2.78 Production of metals in concentrates: Copper in concentrates ('000 tonnes) 193.8 196.0 190.2 169.6 158.2 380.3 327.7 Gold in concentrates ('000 ounces) 762 804 766 574 457 1,516 1,031 Silver in concentrates ('000 ounces) 1,235 1,365 1,301 1,082 992 2,251 2,074 Sales of payable metals in concentrates: (b) Copper in concentrates ('000 tonnes) 184.8 187.1 198.1 162.4 136.2 362.2 298.6 Gold in concentrates ('000 ounces) 741 788 795 551 408 1,464 959 Silver in concentrates ('000 ounces) 951 1,043 1,061 824 684 1,725 1,508 (a) See note (a) in the summary section above for details of Rio Tinto's 13.4% interest in Grasberg and 40% interest in the expansion. (b) Net of smelter deductions. In the second quarter of 2000,production of copper and gold in concentrates decreased compared with the first quarter of 2000 due largely to a reduction in ore throughput and lower gold ore grades. Copper and gold production in the second quarter was below that achieved in the corresponding period of 1999 due to significantly lower ore grades. Atlantic Copper Concentrate smelted ('000 tonnes) 225.1 230.9 254.8 244.7 238.5 463.7 483.2 Copper anodes produced ('000 tonnes) (c) 69.7 70.0 79.4 80.9 76.1 144.1 157.0 Copper cathodes produced ('000 tonnes) 63.3 60.6 65.5 65.2 65.6 126.4 130.8 Copper cathode sales ('000 tonnes) (d) 62.7 62.1 65.7 62.2 66.7 125.5 128.9 (c) New metal excluding recycled material. (d) Refers to copper cathode and wire rod sales. Minera Escondida Limitada Total production at the Escondida mine (Rio Tinto 30%) in Chile. (100% basis) Escondida Mine Sulphide ore treated ('000 tonnes) 11,435 11,510 11,678 11,484 11,528 22,835 23,012 Average copper grade (%) 2.15 2.06 1.84 1.99 1.83 2.15 1.91 Mill production (metals in concentrates): Contained copper ('000 tonnes) 217.4 206.7 187.1 203.8 184.6 433.0 388.4 Contained gold ('000 ounces) 40 39 32 32 28 79 60 Contained silver ('000 ounces) 1,038 854 718 771 883 1,953 1,654 Oxide ore treated ('000 tonnes) 3,595 3,777 4,020 1,796 2,813 6,941 4,609 Average copper grade (%) 1.16 1.22 1.26 1.08 0.99 1.08 1.02 Contained copper in leachate/mined material ('000 tonnes) 42 46 51 19 28 75 47 Refined production: Oxide plant production ('000 tonnes) 32.4 34.6 35.1 34.9 35.0 62.0 69.9 Contained copper in concentrate during the first half was lower than in the corresponding period in 1999 reflecting the expected decrease in copper head grade in line with the long term mine plan. Process improvement increased oxide plant cathode production from the corresponding period in 1999, even though this was already above design capacity. Oxide ore crushed was reduced as buffer stocks of crushed ore on the pads exceeded leach requirements. Somincor Total production at the Neves Corvo mine (Rio Tinto 49%) in Portugal. (100% basis) Neves Corvo Mine Total ore treated ('000 tonnes)(a) 543 592 517 499 538 1,101 1,037 Of which, treated to extract tin ('000 tonnes) 85 97 55 64 80 198 144 Average ore grades: Copper (%) 5.00 4.95 5.20 5.47 5.14 5.18 5.30 Tin (%) 1.29 1.43 1.25 1.18 1.83 1.20 1.51 Copper production: Copper concentrates produced ('000 tonnes) 103.0 104.4 101.1 102.7 99.7 212.2 202.4 Copper concentrate grade (% copper) 24.1 24.1 23.8 23.7 23.9 24.2 23.8 Copper in concentrates produced ('000 tonnes) 24.9 25.2 24.0 24.3 23.9 51.3 48.2 Tin production: Tin concentrates produced ('000 tonnes) 0.9 1.8 0.6 0.4 1.0 1.8 1.5 Tin concentrate grade (% tin) 51.9 49.9 53.2 50.5 54.2 51.0 53.1 Tin in concentrates produced ('000 tonnes) 0.5 0.9 0.3 0.2 0.6 0.9 0.8 (a) Total ore treated for both copper and tin production. COPPER & GOLD (continued) 2Q 3Q 4Q 1Q 2Q 1H 1H 1999 1999 1999 2000 2000 1999 2000 Palabora Total production at the Palabora mine, smelter and refinery (Rio Tinto 46.5%) in South Africa. (100% basis) Palabora Mine Ore treated ('000 tonnes) 7,080 7,419 7,053 5,862 6,547 13,871 12,409 Average ore grade (copper %) 0.35 0.46 0.62 0.59 0.58 0.40 0.58 Copper concentrates produced ('000 tonnes) 61.5 82.4 108.7 86.9 89.3 142.3 176.2 Average concentrate grade (copper %) 34.2 33.8 33.7 32.2 33.6 33.5 32.9 Copper in concentrates ('000 tonnes) 21.0 27.9 36.6 27.9 30.0 47.5 57.9 Palabora Smelter/Refinery New concentrate smelted on site ('000 tonnes) 51.5 79.6 80.2 58.9 51.3 125.4 110.2 New copper anodes produced ('000 tonnes)(a) 20.9 24.7 31.3 17.6 14.6 45.0 32.2 Refined new copper produced ('000 tonnes) 20.6 24.3 29.9 17.8 14.4 46.0 32.2 By-products: Magnetite concentrate ('000 tonnes) 49 41 70 60 70 79 130 Uranium oxide (tonnes) 23 21 24 14 19 45 33 Baddeleyite (several grades) ('000 tonnes) 3.0 2.6 3.1 1.9 2.2 5.4 4.1 Refined nickel sulphate (tonnes) 52 57 106 103 32 82 135 Vermiculite Plant Vermiculite produced ('000 tonnes) 54.1 49.4 52.1 39.4 48.0 107.1 87.4 (a) Contained copper in anodes; anode production includes a small amount produced from purchased material. Poor availability in the secondary crusher plant and downtime associated with the commissioning of the pebble crushers reduced mill throughput during the first half of 2000. However, higher head-grades associated with the revised mining strategy improved concentrate production well above 1999 levels. Operational problems in the converter and anode sections combined with the smelter shutdown during June reduced anode output and hence refined copper production. Uranium production was impacted by the low mill throughput and the variability of the ore types being processed. Nickel sulphate production was also impacted by low refinery throughput during the second quarter, although the high electrolyte inventory level carried over from December 1999 boosted the first half results. Vermiculite production was adversely affected by the excessive rain experienced during the first quarter 2000. Rio Tinto Brasil Limitada Total production at the Morro do Ouro gold mine (Rio Tinto 51%) in Minas Gerais, Brazil. (100% basis) Morro do Ouro Mine Ore treated ('000 tonnes) 4,176 4,487 4,853 4,976 4,933 8,135 9,909 Average ore grade: gold (g/t) 0.45 0.45 0.46 0.47 0.49 0.45 0.48 Refined gold produced ('000 ounces) 43 50 54 59 58 85 117 COPPER & GOLD (continued) 2Q 3Q 4Q 1Q 2Q 1H 1H 1999 1999 1999 2000 2000 1999 2000 Kennecott Minerals Company Total production at the mines of Kennecott Minerals Company in the US; Rawhide (Rio Tinto 51%) in Nevada; Ridgeway (Rio Tinto 100%) in South Carolina, Cortez/Pipeline (Rio Tinto 40%) in Nevada and Greens Creek (Rio Tinto 70%)in Alaska. (100% basis) Rawhide Mine Ore treated ('000 tonnes) 1,611 1,559 1,437 1,488 1,529 3,133 3,017 Average ore grades: Gold (g/t) 0.82 0.75 0.99 0.99 0.93 0.86 0.96 Silver (g/t) 9.7 10.2 18.7 13.6 16.0 9.3 14.8 Metals produced in dore: Gold ('000 ounces) 29 31 27 27 27 55 54 Silver ('000 ounces) 157 169 184 235 206 298 441 Mill throughput rates varied due to changing ore hardness and maintenance requirements. Ore grades for both gold and silver fluctuated as a result of mining sequence. The gold and silver production reflects delays in recovery from the leach pads due to higher stacking resulting in intermixing of leach solutions which inhibits high grade solution segregation. Ridgeway Ore treated ('000 tonnes) 981 871 435 - - 1,854 - Average ore grades: Gold (g/t) 1.12 1.18 1.10 - - 1.06 - Silver (g/t) 1.1 1.1 1.1 - - 1.1 - Metals produced in dore: Gold ('000 ounces) 23 26 12 - - 43 - Silver ('000 ounces) 14 15 9 - - 34 - Gold production ceased in November 1999. Efforts are now focused on reclamation. Cortez / Pipeline Ore treated ('000 tonnes) 980 1,022 901 861 785 1,912 1,646 Average ore grade: gold (g/t) 11.02 11.58 11.94 12.19 9.63 10.63 10.97 Gold produced in dore ('000 ounces) 337 358 318 312 214 653 526 Mill throughput has been lower in 2000 as the Cortez Mill (No.1) was shut down during the fourth quarter 1999 with ore being shifted from milling to leaching. Higher leach recoveries and reduced leaching costs accounted for the shift. Mining grades temporarily declined, as expected, as mining moved into a new area. Greens Creek Ore treated ('000 tonnes) 131 131 135 136 143 259 279 Average ore grades: Gold (g/t) 7.29 7.31 6.00 7.44 6.97 7.92 7.20 Silver (g/t) 877 809 820 747 723 807 735 Zinc (%) 13.7 14.2 11.4 13.4 13.7 14.2 13.6 Lead (%) 5.9 5.9 4.8 5.3 5.2 5.9 5.2 Metals produced in concentrates: Gold ('000 ounces) 20 20 17 22 21 43 43 Silver ('000 ounces) 2,780 2,575 2,705 2,500 2,531 4,981 5,031 Zinc ('000 tonnes) 14.4 15.0 12.2 14.1 16.0 29.8 30.1 Lead ('000 tonnes) 5.4 5.5 4.4 5.0 5.1 10.7 10.1 The mine and mill continued to implement productivity improvements and consistently exceeded design throughput. Metal grades varied with the mining sequence. Peak Gold Mine Total production and sales from the Peak Gold mine (Rio Tinto 100%) at Cobar, New South Wales, Australia. Ore treated ('000 tonnes) 145 152 148 148 147 298 295 Average ore grades: Gold (g/t) 7.16 7.11 8.10 6.82 8.04 7.58 7.43 Silver (g/t) 5.46 3.81 4.63 5.22 6.15 6.47 5.68 Copper (%) 0.51 0.56 0.40 0.41 0.36 0.54 0.38 Lead (%) 0.48 0.51 0.85 0.84 0.74 0.57 0.79 Zinc (%) 0.37 0.43 0.87 0.76 0.78 0.58 0.77 Bullion produced ('000 ounces) 33 33 38 31 41 72 72 Containing: Gold ('000 ounces) 29 28 35 28 34 64 62 Silver ('000 ounces) 3 3 3 3 6 6 9 Gold recovered in concentrates ('000 ounces) 3 4 3 4 1 5 5 Total gold production ('000 ounces) 32 33 38 32 35 70 67 Bullion sales (fine gold) ('000 ounces) 29 27 31 32 34 63 66 Copper in concentrate ('000 tonnes): Production 0.4 0.5 0.3 1.6 0.6 0.9 2.3 Sales 0.9 - - - 5.0 0.9 5.0 Lead/zinc in concentrate ('000 tonnes): Production 0.5 0.2 1.0 1.7 2.2 0.9 3.9 Sales - 0.8 0.5 - 1.4 0.4 1.4 Kelian Equatorial Mining Total production and sales from the Kelian gold mine (Rio Tinto 90%) in East Kalimantan, Indonesia. (100% basis) Ore treated ('000 tonnes) 1,918 1,900 2,014 1,435 1,044 3,759 2,479 Average ore grades: Gold (g/t) 2.13 2.62 2.30 2.43 2.53 2.19 2.47 Silver (g/t) 4.00 4.25 4.22 7.96 6.74 4.12 7.45 Production: Gold ('000 ounces) 101 123 113 76 61 204 137 Silver ('000 ounces) 84 87 85 86 55 173 141 Sales: Gold ('000 ounces) 103 115 122 77 53 211 130 Silver ('000 ounces) 97 90 80 80 - 209 80 Gold production was lower in the second quarter of 2000 than in the previous quarter due to a community roadblock, related to land compensation claims, which stopped the transportation of critical supplies to site. This led to the suspension of production for 37 days during the quarter. COPPER & GOLD (Continued) 2Q 3Q 4Q 1Q 2Q 1H 1H 1999 1999 1999 2000 2000 1999 2000 Lihir Gold Total production at the Lihir gold mine (Rio Tinto 16.3%(a)) in Papua New Guinea. (100% basis) Ore treated ('000 tonnes) 655 841 812 791 841 1,258 1,632 Average ore grade: gold (g/t) 6.95 7.38 6.62 5.27 5.64 7.09 5.46 Gold produced ('000 ounces) (b) 143 188 166 121 142 271 263 (a) Effective 14 February 2000, Rio Tinto's interest in Lihir decreased from 17.15% to 16.3% following a placement of shares by Lihir Gold. (b) Gold production represents quantity of gold poured. Gold production during the first half 2000 was affected by the relining of the third, and final, autoclave. Rio Tinto Zimbabwe Total production at Rio Tinto Zimbabwe's gold operations (Rio Tinto 56.0%) in Zimbabwe. (100% basis) Renco Mine Ore treated ('000 tonnes) 75 81 74 70 77 154 147 Average ore grade: gold (g/t) 5.23 5.33 5.21 5.30 5.74 5.33 5.53 Total gold produced ('000 ounces) 11 12 11 10 13 23 23 Patchway Mine (a) Ore treated ('000 tonnes) 24 25 26 26 25 47 51 Average ore grade: gold (g/t) 5.51 5.58 5.34 4.70 4.79 5.66 4.74 Total gold produced ('000 ounces) 4 4 4 4 3 8 7 Cam Dump Reprocessing Ore treated ('000 tonnes) 248 237 226 200 219 499 419 Average ore grade: gold (g/t) 1.11 1.21 1.21 1.08 1.08 1.13 1.08 Total gold produced ('000 ounces) 2 2 3 2 2 4 4 Total Rio Tinto Zimbabwe Total gold produced ('000 ounces) 17 18 18 16 17 35 33 (a) Includes low grade material. IRON ORE 2Q 3Q 4Q 1Q 2Q 1H 1H 1999 1999 1999 2000 2000 1999 2000 Hamersley Iron Total production and shipments are for all the mines operated by Hamersley Iron (Rio Tinto 100%). These mines are Paraburdoo, Mount Tom Price, Marandoo, Yandicoogina, Brockman (all Rio Tinto 100%) and Channar (Rio Tinto 60%) all in Western Australia. (100% basis) Saleable iron ore produced ('000 tonnes): Paraburdoo, Mount Tom Price, Marandoo, Brockman and Yandicoogina 11,437 11,778 11,780 12,618 12,978 21,439 25,596 Channar 2,113 2,953 2,841 2,594 2,465 4,316 5,059 Total production 13,550 14,731 14,621 15,212 15,443 25,755 30,655 Total shipments ('000 tonnes) 15,666 16,485 16,732 15,162 16,870 26,376 32,032 Hamersley achieved record first half production and shipments, reflecting the upturn in the Asian steel industry. Iron ore production in the first half of 2000 was 19% higher than for the same period last year. Shipments increased by 21% compared with the corresponding period of 1999. Rio Tinto Brasil Limitada Total production at the Corumba mine (Rio Tinto 100% (a)) in Corumba, Mato Grosso do Sul, Brazil. (100% basis) Total iron ore production ('000 tonnes) (b) 227 235 94 147 173 438 319 (a) Rio Tinto increased its interest in the Corumba mine, Brazil, from 80% to 100% during June 1999. (b) Production includes by-product fines. COAL 2Q 3Q 4Q 1Q 2Q 1H 1H 1999 1999 1999 2000 2000 1999 2000 Kennecott Energy and Coal Company Total production from the mines operated by Kennecott Energy and Coal Company in the US: Antelope (Rio Tinto 100%) in Wyoming; Cordero Rojo (Rio Tinto 100%) in Wyoming; Jacobs Ranch (Rio Tinto 100%) in Wyoming; Spring Creek (Rio Tinto 100%) in Montana; Decker (Rio Tinto 50%) in Montana and Colowyo in Colorado, where Kennecott Energy has a partnership interest and full management responsibility (see footnote (e) above). (100% basis) Thermal coal production ('000 tonnes) Antelope 5,183 5,548 5,258 5,076 5,035 9,773 10,111 Cordero Rojo 10,369 10,352 11,129 8,899 7,204 19,955 16,103 Spring Creek 2,490 2,490 2,495 2,650 2,668 4,990 5,318 Decker 1,976 2,506 3,148 2,112 2,296 4,300 4,408 Colowyo 1,284 1,197 1,417 1,168 1,225 2,439 2,393 Jacobs Ranch 6,750 6,416 7,016 5,726 5,965 12,939 11 ,691 Total Kennecott Energy Total coal production ('000 tonnes) 28,052 28,509 30,463 25,631 24,393 54,396 50,024 Second quarter 2000 production was slightly lower than in the same period in 1999, primarily due to reduced sales at the Cordero Rojo and Jacobs Ranch mines as a consequence of an unusually warm winter and spring, which reduced demand. Kaltim Prima Coal Total production and shipments from Kaltim Prima Coal (Rio Tinto 50%) in Indonesia, including the share of production attributed to the Indonesian Government (see footnote (i) above). (100% basis) Thermal coal: Production ('000 tonnes) 3,164 4,036 3,261 2,292 3,319 6,716 5,611 Shipments ('000 tonnes) 3,165 3,717 3,302 2,562 3,287 6,996 5,849 COAL (Continued) 2Q 3Q 4Q 1Q 2Q 1H 1H 1999 1999 1999 2000 2000 1999 2000 During late 1999 and early 2000 KPC has been implementing a major shift in mining sequence. Significant equipment was committed to developing access to new low strip ratio areas and initial clearing. This, plus heavy rainfall, mainly in the first quarter, affected productivity. Pacific Coal Total production and sales from the Blair Athol mine (Rio Tinto 71.2% (a)), the Kestrel Coal mine (Rio Tinto 80% (b)) and the Tarong Coal mine (Rio Tinto 100%) in Queensland, Australia. (100% basis) Blair Athol Thermal coal: Production ('000 tonnes) 2,823 2,931 2,550 2,432 2,594 5,629 5,026 Sales ('000 tonnes) 3,334 2,636 2,885 2,324 2,957 5,904 5,281 Kestrel Coal Thermal coal: Production ('000 tonnes) 87 229 214 220 307 87 527 Sales ('000 tonnes) - 64 223 127 158 - 285 Coking coal: Production ('000 tonnes) 120 629 355 435 590 120 1,025 Sales ('000 tonnes) - 338 297 506 418 - 924 Semi-hard coking coal: (c) Sales ('000 tonnes) - 146 94 265 152 - 416 Tarong Coal Thermal coal: Production and sales ('000 tonnes) 1,461 1,325 1,176 1,256 1,049 2,616 2,305 Total Pacific Coal Total coal Production ('000 tonnes) 4,491 5,114 4,295 4,343 4,540 8,452 8,884 (a) On 10 January 1999, Rio Tinto acquired an additional 14% beneficial interest in Blair Athol. (b) Rio Tinto acquired Kestrel Coal, formerly Gordonstone, in February 1999 and production commenced in June 1999. (c) Semi-hard coking coal is a mixture of thermal coal and coking coal. The product mix is customer dependant. Production at Blair Athol in the first half of 2000 was below first half 1999 levels due to mining through areas that contain old underground workings. This had a flow-on effect on sales. Kestrel has continued to build up its production rate since recommencing production. Tarong production in the first half of 2000 was below first half 1999 levels due to reduced purchases by the Tarong power station as inventory levels were run down. Coal & Allied Industries Limited (a) Total production and sales from the Hunter Valley Operations (Rio Tinto 71%)and Mount Thorley mine (Rio Tinto 57%), both in New South Wales, Australia. (100% basis) Hunter Valley Operations (b) Thermal coal Production ('000 tonnes) 1,649 1,773 1,170 1,226 1,554 3,375 2,780 Coking coal Production ('000 tonnes) 654 933 624 771 898 1,447 1,669 Mount Thorley Thermal coal: Production ('000 tonnes) 497 593 447 435 423 1,173 858 Coking coal: Production ('000 tonnes) 691 615 520 615 482 1,313 1,097 Total Coal & Allied Total coal Production ('000 tonnes) 3,492 3,914 2,762 3,047 3,357 7,308 6,404 Total sales ('000 tonnes) (c) 3,326 3,722 2,728 2,893 3,616 7,213 6,509 (a) Effective from 1 July 1999, Coal & Allied purchased the Rio Tinto Group's coal interests in New South Wales. The restructuring of Coal & Allied's shareholding left Rio Tinto with a 70.9% interest. (b) Hunter Valley Operations consist of the now merged Howick and Hunter Valley mines. (c) Sales relate only to coal mined by the operation and exclude traded coal. Thermal coal production for Hunter Valley Operations in the first half of 2000 was limited by a contractual dispute with a significant domestic customer. Deliveries were suspended by the customer during the third quarter of 1999. Deliveries under the long-term contract have ceased, however deliveries to this customer under an unrelated short term contract commenced on 31 March 2000. Coal production at Mount Thorley Operations in the second quarter 2000 was lower compared with the first quarter 2000 due to industrial action, wet weather and the shutdown of the dragline for 28 days. COAL (Continued) 2Q 3Q 4Q 1Q 2Q 1H 1H 1999 1999 1999 2000 2000 1999 2000 Carbones del Cerrejon SA Total production at the Carbones del Cerrejon SA mine (Rio Tinto 0% (a)). (100% basis) Carbones del Cerrejon SA Thermal coal: Production ('000 tonnes) 280 295 352 - - 560 - (a) Rio Tinto disposed of its interest in Carbones del Cerrejon in early January 2000. ALUMINIUM 2Q 3Q 4Q 1Q 2Q 1H 1H 1999 1999 1999 2000 2000 1999 2000 Comalco Production and sales from operations owned by Comalco (Rio Tinto 100% (a)) including Comalco's share of primary aluminium production from partly owned smelters. (100% of Comalco's share) ('000 tonnes) Weipa mine, Queensland (Comalco 100%): Beneficiated bauxite production 2,675 2,784 2,997 2,777 3,008 5,606 5,785 Metal grade bauxite shipments 2,665 3,019 2,997 2,729 2,766 5,178 5,495 Calcined bauxite production 32 27 34 33 36 51 69 Boke mine, Guinea (Comalco 4%): Bauxite production 104 53 177 173 172 212 345 Queensland Alumina Limited, Queensland (Comalco 30.3%): Alumina production 274 277 279 273 294 546 567 Eurallumina SpA, Sardinia (Comalco 56.2%): Alumina production 133 142 141 143 140 263 283 Primary aluminium production: Bell Bay, Tasmania (Comalco 100%) 37.2 37.9 39.0 37.1 38.8 74.2 75.9 Boyne Island, Queensland (Comalco 54.2%) 66.8 68.0 68.7 69.9 68.2 131.0 138.1 Tiwai Point, New Zealand (Comalco 79.4%) 64.5 65.6 66.1 65.2 64.6 127.6 129.8 Total Comalco share 168.5 171.6 173.8 172.2 171.6 332.8 343.8 Total sales of Comalco produced aluminium 166.6 169.3 173.3 169.6 182.5 333.9 352.1 (a)Rio Tinto progressively increased its interest in Comalco from 70.4% to 72.4% during the first half of 1999. During the first half of 2000, Rio Tinto offered to acquire all the shares in Comalco and now holds 100%. Weipa bauxite production for the first half 2000 was better than the first half 1999 due to more favourable seasonal conditions and ongoing process improvements. Queensland Alumina Limited and Eurallumina SpA production remained strong as process improvements continued. Overall daily production at the aluminium smelters remains strong due to ongoing improvements. Anglesey Aluminium Total production at Anglesey Aluminium (Rio Tinto 51%) in the UK. (100% basis) Aluminium hot metal production ('000 tonnes) 34.2 33.9 34.7 35.0 35.3 68.5 70.3 INDUSTRIAL MINERALS 2Q 3Q 4Q 1Q 2Q 1H 1H 1999 1999 1999 2000 2000 1999 2000 BORATES Rio Tinto Borax Total production at the Boron mine (Rio Tinto 100%) in California, US and at the Tincalayu, Sijes and Porvenir mines (Rio Tinto 100%) in Argentina. (100% basis) Borates ('000 tonnes) (a) 142 141 132 145 135 288 280 (a) Production is expressed as B2O3 content. TITANIUM DIOXIDE FEEDSTOCK Rio Tinto Iron & Titanium Total Rio Tinto share of titanium dioxide feedstock production in Canada and South Africa. (Rio Tinto share) Titanium dioxide feedstock production ('000 tonnes) 354 347 350 349 310 730 659 Production in recent periods has been affected by the consequences of the fire at QIT's Canadian smelter in June 1999. 2Q 3Q 4Q 1Q 2Q 1H 1H 1999 1999 1999 2000 2000 1999 2000 DIAMONDS Argyle Diamonds Total production from mining operations at Argyle Diamonds (Rio Tinto 59.7%) in Western Australia. (100% basis) Ore processed ('000 tonnes): AK1 ore 2,435 1,992 2,552 2,575 2,780 4,959 5,356 Alluvial ore 1,282 1,527 1,488 1,260 1,108 2,928 2,368 Total ore processed 3,717 3,519 4,040 3,835 3,888 7,888 7,723 Diamonds recovered ('000 carats): AK1 6,886 7,433 6,876 6,384 7,247 13,451 13,630 Alluvial 378 473 544 287 281 922 568 Total recovered 7,264 7,906 7,420 6,671 7,527 14,373 14,198 AK1 ore processed for the second quarter 2000 was 14% more than the corresponding period last year as a result of increased plant utilisation and feed rate. The recovered grade was lower in the second quarter 2000 but this was offset by an increase in the AK1 tonnes processed. Lower alluvial carats produced reflect both lower feed rates and lower ore grade. SALT Dampier Salt Total production of salt from Dampier and Lake MacLeod (Rio Tinto 64.9%) in Western Australia. (100% basis) Salt production ('000 tonnes) 1,449 1,286 1,416 1,024 1,338 2,548 2,362 The effect of Cyclone Steve and related flooding has had an adverse effect on production in the first half of 2000. TALC The Luzenac Group Total talc production from Luzenac Group operations in Europe (Rio Tinto 99.9%) and North America (Rio Tinto 100%). (100% basis) Talc production ('000 tonnes) 325 321 313 321 315 635 636 OTHER METALS 2Q 3Q 4Q 1Q 2Q 1H 1H 1999 1999 1999 2000 2000 1999 2000 NICKEL Rio Tinto Brasil Limitada Total nickel in matte production at the Fortaleza mine (Rio Tinto 100%) in Brazil. Production (tonnes) 1,726 2,620 2,928 2,561 2,170 3,897 4,731 Fortaleza brought forward their annual shutdown from August to May/June 2000; this reduced second quarter 2000 production accordingly. Rio Tinto Zimbabwe Total refined metal production at the Empress nickel refinery (Rio Tinto 56.0%) in Zimbabwe. (100% basis) Production (tonnes) 1,847 1,802 1,728 1,736 1,676 3,497 3,412 URANIUM Rossing Uranium Ltd Total uranium production at the Rossing Uranium mine (Rio Tinto 68.58%) in Namibia. (100% basis) Production (tonnes U3O8) 800 812 719 818 726 1,640 1,544 ZINC Norzink AS Total zinc production at Norzink AS (Rio Tinto 50%) in Norway. (100% basis) Production ('000 tonnes) 35.0 36.3 35.7 35.6 32.9 72.0 68.5 Expenditure Total pre-tax exploration expenditure charged to the profit and loss account for the first half of 2000 was US$58 million compared with US$64 million for the first half of 1999. Global prioritisation of the exploration programme continued. New programmes for a variety of commodities were initiated in prospective terrain around the world and other less prospective programmes were terminated. Major Developments Grasberg, Indonesia Delineation drilling commenced on newly recognised gold-copper mineralisation within the Ertsberg intrusion on Freeport. Other Programmes Country Commodity Programme Summary Australia Diamonds Delineation drilling continued at the Argyle mine. Guinea Iron Ore Delineation drilling continued at the Simandou iron ore project. Canada Diamonds A diamondiferous kimberlite pipe was identified on the Tahera option in Nunavut. Canada Uranium Uranium mineralisation was identified on the JNR alliance in Saskatchewan. USA Gold Encouraging results were received in Alaska. Turkey Copper- Encouraging results were received from the Gold Anatolia alliance. Iran General Encouraging results were received.

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