Rio Tinto releases Q1 2017 production results

RNS Number : 7958C
Rio Tinto PLC
19 April 2017
 

 

Rio Tinto releases first quarter production results

 

20 April 2017

 

Rio Tinto chief executive J-S Jacques said "Despite challenging weather conditions at our West Australian and Queensland operations, we delivered solid production in the first quarter of 2017. Our strategy is unchanged. Our number one priority is safety. We maintain our disciplined approach to capital management and maximising cash flow, with a focus on managing costs and enhancing productivity across the business. These actions support the delivery of strong cash returns to shareholders in the short, medium and long term." 

 



Q1 2017

vs Q1 2016

vs Q4 2016

Pilbara iron ore shipments (100% basis)

Mt

76.7

-0%

-13%

Pilbara iron ore production (100% basis)

Mt

77.2

-3%

-10%

Bauxite

kt

11,303

+2%

-7%

Aluminium

kt

889

+2%

-3%

Mined copper

kt

84.2

-37%

-37%

Hard coking coal

kt

1,583

-20%

-28%

Semi-soft and thermal coal

kt

5,181

+4%

-1%

Titanium dioxide slag

kt

332

+35%

+11%

 

Highlights

·      Pilbara iron ore shipments were 76.7 million tonnes in the first quarter (100 per cent basis). Ship loading was impacted by cyclone activity during the period, and sections of the rail network were affected by significant rainfall. Despite these disruptions, shipments were in line with the first quarter of 2016 and guidance for 2017 remains at 330 to 340 million tonnes.

·      First quarter bauxite production of 11.3 million tonnes and aluminium production of 889 thousand tonnes were both two per cent higher than the corresponding quarter of 2016.

·      Mined copper production was 37 per cent lower than the first quarter of 2016 due to a 43 day labour strike at Escondida. This strike, combined with the curtailment of production at Grasberg, has led to revised 2017 mined copper guidance of 500 to 550 thousand tonnes.

·      Titanium dioxide slag production increased by 35 per cent compared to the first quarter of 2016, reflecting higher market demand. 2017 production guidance has slightly increased to between 1.2 and 1.3 million tonnes.

·      On 24 January 2017, Rio Tinto announced that it had reached a binding agreement for the sale of Coal & Allied to Yancoal Australia for up to $2.45 billion. The sale is subject to certain conditions being satisfied, and is expected to complete in the second half of 2017. Yancoal announced receipt of Foreign Investment Review Board (FIRB) approval on 13 April 2017.

 

 

 

All figures in this report are unaudited. All currency figures in this report are US dollars, and comments refer to Rio Tinto's share of production, unless otherwise stated. To allow production numbers to be compared on a like-for-like basis, production from asset divestments completed in 2016 have been excluded from Rio Tinto share of production data but assets sold in 2017 remain in comparisons.

IRON ORE

 

Rio Tinto share of production (million tonnes)


Q1 2017

vs Q1 2016

vs Q4 2016

Pilbara Blend Lump

19.2

+3%

-6%

Pilbara Blend Fines

27.0

-5%

-12%

Robe Valley Lump

1.5

-8%

-11%

Robe Valley Fines

2.4

-18%

-18%

Yandicoogina Fines (HIY)

13.6

+1%

-10%

 

Pilbara operations

Pilbara operations produced 77.2 million tonnes (Rio Tinto share 63.6 million tonnes) in the first quarter of 2017, three per cent lower than the same quarter of 2016. Sales of 76.7 million tonnes (Rio Tinto share 63.2 million tonnes) were in line with the same period of last year.

 

Production and sales were both impacted by significant weather disruptions, which resulted in heavy flooding across several sites including the rail network, along with the suspension of ship loading on a number of occasions. All operations across the mine and infrastructure network have now recovered and are operating to plan.

 

Approximately 20 per cent of sales in the quarter were priced with reference to the prior quarter's average index lagged by one month. The remainder was sold either on current quarter average, current month average or on the spot market. 

 

Approximately 62 per cent of sales in the quarter were made on a cost and freight (CFR) basis, with the remainder sold free on board (FOB).

 

Pilbara projects

The Silvergrass Project incrementally increases the Nammuldi operation by ten million tonnes a year, delivering high grade, low phosphorus ore into the Pilbara Blend. First ore is on target for the second half of 2017.   

 

The AutoHaul® project is advancing well with commencement and ramp up of trains operating in automated mode. Drivers are remaining on board until all safety and reliability systems are thoroughly demonstrated.

 

2017 guidance

Rio Tinto's expected Pilbara shipments in 2017 remains at between 330 and 340 million tonnes (100 per cent basis).

 

ALUMINIUM

Rio Tinto share of production ('000 tonnes)


Q1 2017

vs Q1 2016

vs Q4 2016

Rio Tinto Aluminium




Bauxite

11,303

+2%

-7%

Alumina

2,047

+0%

-3%

Aluminium

889

+2%

-3%

Production from Lochaber in 2016 has been excluded from the comparable percentages above.

 

Bauxite

Bauxite production of 11.3 million tonnes was two per cent higher than the first quarter of 2016. Gove production was eight per cent higher following the upgrade of the overland conveyor and export system in the fourth quarter of 2016. Stronger production at Weipa was offset by lower production, due to planned maintenance, at Sangaredi and MRN. Production decreased by seven per cent compared with the fourth quarter of 2016, due mainly to weather impacting the Weipa operations during the quarter.

 

6.9 million tonnes was shipped to third parties in the first quarter of 2017, two per cent higher than the first quarter of 2016.

 

Amrun

The Amrun Project is on schedule in both engineering and construction. All major contracts have been committed as planned. Site establishment continues with an additional 112 rooms added to the camp accommodation village, over 40km of main access road completed and clearing work commenced for the stockyard and tailings storage facility areas. The Hey River Terminal is complete and the facility at Humbug Wharf is operational.

 

Alumina

Alumina production for the quarter was in line with the corresponding period in 2016, reflecting the operating stability that has been achieved at the Yarwun and Queensland Alumina refineries.

 

Aluminium

Quarterly aluminium production was two per cent higher than the corresponding period last year. This was due largely to Kitimat, which reached nameplate capacity in April 2016, together with on-going production creep across the other smelting operations.

 

2017 guidance

Rio Tinto's share of production in 2017 is expected to be unchanged at 48 to 50 million tonnes of bauxite, 8.0 to 8.2 million tonnes of alumina and 3.5 to 3.7 million tonnes of aluminium.

 

 

COPPER & DIAMONDS

 

Rio Tinto share of production ('000 tonnes)


Q1 2017

vs Q1 2016

vs Q4 2016

Mined copper




Rio Tinto Kennecott

44.3

+29%

-2%

Escondida

27.2

-66%

-63%

Grasberg

0.0

N/A

N/A

Oyu Tolgoi

12.8

-34%

-16%





Refined copper




Rio Tinto Kennecott

29.8

+15%

-56%

Escondida

8.2

-68%

-62%





Diamonds ('000 carats)




Argyle

3,016

-11%

-16%

Diavik

1,136

+0%

+15%

 

Rio Tinto Kennecott

Mined copper production in the first quarter of 2017 was 29 per cent higher than the first quarter of 2016, benefiting from higher throughput. The higher mined production for the quarter resulted in improved refined copper production of 29.8 thousand tonnes, 15 per cent higher than the first quarter of 2016. Refined production was significantly lower than the previous quarter due to the processing of third party concentrate received in 2016, smelted and returned to customers in the first quarter of 2017.

 

Kennecott tolls third party concentrate to optimise smelter utilisation, with 68 thousand tonnes of concentrate received in the first quarter of 2017. Tolled copper concentrate is excluded from reported production figures.

 

Notwithstanding the adverse weather conditions in the quarter, the south wall pushback continues to progress.  

 

Escondida

Mined and refined copper production at Escondida in the first quarter was adversely impacted by a labour union strike for 43 days that commenced on 9 February and finished on 24 March. The current labour agreement has been extended for 18 months. It is expected that the operations will ramp-up to normal production levels by July 2017.

 

Oyu Tolgoi

Mined copper production for the quarter was 34 per cent lower than the same period in 2016, with record quarterly mill throughput being offset by lower ore grades.

 

Oyu Tolgoi Underground Project

Contractor mobilisation has continued to ramp up, with a workforce of over 2,210 on site, 85 per cent of whom are Mongolian nationals. Works on underground mine development, the accommodation camp, conveyor to surface decline, sinking of shaft #2 and shaft #5 and critical facilities continue to progress.

 

Grasberg

Through a joint venture agreement with Freeport-McMoRan Inc. (Freeport), Rio Tinto is entitled to the cash flow associated with 40 per cent of material mined above an agreed threshold as a consequence of expansions and developments of the Grasberg facilities since 1998.

 

On 12 January 2017, the Government of Indonesia issued new mining regulations to address exports of unrefined metals, including copper concentrates, and other matters related to the mining sector. These regulations impact PT Freeport Indonesia's ('PT-FI') operating rights, including its right to continue to export concentrate without restriction, and, as a result, may have a significant impact on Rio Tinto's share of production in 2017. Rio Tinto's participation beyond 2021 is likely to be affected due to the application of force majeure provisions in the joint venture agreement between Rio Tinto and PT-FI.

 

In the absence of an export permit, PTFI has had to reduce production to around 40 per cent to match domestic smelting capacity. This has resulted in near-term actions to reduce its workforce, significantly reduce costs and reduce and/or suspend capital expenditure on its underground development projects and new smelter. PT-FI has indicated that it will consider legal action to enforce its contractual rights should it fail to reach a mutually satisfactory agreement with the Indonesian government.

 

As a consequence of the export ban, Rio Tinto is reporting its metal share for the first quarter as zero. Discussions are continuing between Freeport and the Indonesian government to reach a mutually satisfactory longer-term agreement.

 

Diamonds

At Argyle, first quarter carat production was 11 per cent lower than the first quarter of 2016 due to lower ore volumes processed and recovered grade.

 

At Diavik, carats recovered in the first quarter of 2017 were in line with the corresponding period in 2016 as lower ore throughput was offset by higher recovered grades. Development of the A21 pipe remains on schedule.

 

2017 guidance

In 2017, Rio Tinto's expected share of mined copper production has been revised to between 500 and 550 thousand tonnes (previously 525 to 665 thousand tonnes), as a result of industrial action at Escondida and the curtailment of production at Grasberg. Refined copper production guidance remains unchanged at 185 to 225 thousand tonnes.

 

Diamond production guidance for 2017 remains unchanged at 19 to 24 million carats.

 

 

ENERGY & MINERALS

 

Rio Tinto share of production


Q1 2017

vs Q1 2016

vs Q4 2016

Coal




Hard coking coal

1,583

-20%

-28%

Semi-soft coking coal

959

-18%

-1%

Thermal coal

4,222

+11%

-1%





Iron ore pellets and concentrate (million tonnes)




IOC

2.6

+7%

-6%





Minerals ('000 tonnes)




Borates - B2O3 content

123

-3%

+1%

Salt

852

-41%

-39%

Titanium dioxide slag

332

+35%

+11%





Uranium ('000 lbs)




Energy Resources of Australia

900

+1%

-1%

Rössing

673

-2%

-14%

Production from Bengalla in 2016 has been excluded from the comparable percentages above.

 

Coal

Hard coking coal production in the quarter was 20 per cent below the first quarter of 2016 due to the timing of the longwall changeover at Kestrel as well as processing rates at Hail Creek. The damage to rail lines caused by Cyclone Debbie in Queensland is expected to impact the timing, and potentially volume, of shipments from Hail Creek over the course of the year. Kestrel, whilst impacted, is not expected to experience significant sales disruption. At this stage, guidance for coking coal remains unchanged.

 

First quarter semi-soft coking coal production was 18 per cent lower than the same quarter of 2016, reflecting mine production sequencing at Hunter Valley Operations (HVO) and Mount Thorley Warkworth.

 

Thermal coal production was 11 per cent higher than the same quarter of 2016, as HVO benefited from higher productivity.

 

On 24 January, Rio Tinto announced that it had reached a binding agreement for its sale of Coal & Allied to Yancoal Australia for up to $2.45 billion. The sale is subject to certain conditions being satisfied, and is expected to complete in the second half of 2017. Yancoal announced receipt of FIRB approval on 13 April 2017.

 

Iron Ore Company of Canada (IOC)

IOC pellet production of 2.5 million tonnes (Rio Tinto share 1.5 million tonnes) in the first quarter was 25 per cent higher than the same quarter of 2016, with pellet demand continuing to be strong and product mix being optimised to meet customer demand. Concentrate production of 1.9 million tonnes (Rio Tinto share 1.1 million tonnes) was 11 per cent lower.

 

The seven per cent improvement in total production led to sales of 4.4 million tonnes (Rio Tinto share 2.6 million tonnes), a ten per cent improvement compared to the first quarter of 2016.

 

Borates

Borates production in the quarter was three per cent lower than the first quarter of 2016, with production aligned to market demand

 

Iron and Titanium (RTIT)

Titanium dioxide slag production in the first quarter was 35 per cent higher than the corresponding quarter in 2016, reflecting improved market demand. Two of nine furnaces at Rio Tinto Fer et Titane (RTFT) and one of four furnaces at Richards Bay Minerals remained idle.  The rebuild of a furnace at RTFT was completed in March 2017, with production expected in April 2017. Due to planned maintenance, RTFT expects to operate seven to eight furnaces during the year.

 

An explosion in one of the carbon monoxide gas service plants in Sorel-Tracy occurred on 30 March 2017. The immediate concern has been the safety and welfare of all employees on site and no physical injuries were sustained. The incident is not expected to have a material impact on full year production.

 

Salt

Salt production in the first quarter was 41 per cent lower than the same period in 2016 due to above average rainfall at the Pilbara operations in Western Australia.

 

Uranium

Energy Resources of Australia continues to process existing stockpiles. First quarter production in 2017 was slightly higher than the corresponding period in 2016.

 

Production at Rössing was two per cent lower than the first quarter in 2016 due to slightly lower grades and recoveries.

 

2017 guidance

In 2017, guidance for Rio Tinto's expected share of production remains unchanged at 7.8 to 8.4 million tonnes of hard coking coal, 3.3 to 3.9 million tonnes of semi-soft coking coal, 17 to 18 million tonnes of thermal coal, 11.4 to 12.4 million tonnes of iron ore pellets and concentrates, 0.5 million tonnes of boric oxide equivalent production, and 6.5 to 7.5 million pounds of uranium. Coal guidance may be adjusted depending on the timing of the completion of the Coal & Allied transaction. Production guidance for titanium dioxide slag has increased to between 1.2 and 1.3 million tonnes (previously 1.1 to 1.2 million tonnes).

 

EXPLORATION AND EVALUATION

 

Pre-tax and pre-divestment expenditure on exploration and evaluation charged to the profit and loss account in the first quarter of 2017 was $78 million, compared with $128 million in the same quarter of 2016. Approximately 58 per cent of this expenditure was incurred by central exploration, 27 per cent by Copper & Diamonds, eight per cent by Energy & Minerals and the remainder by Iron Ore and Aluminium.

 

There were no significant divestments of central exploration properties in the first quarter of 2017.

 

Exploration highlights

Rio Tinto has a strong portfolio of projects with activity in 14 countries across some eight commodities. The bulk of the exploration spend in this quarter was focused on copper targets in Australia, Botswana, Chile, Kazakhstan, Namibia, Peru, Serbia, United States and Zambia.  Mine-lease exploration continued at a number of Rio Tinto managed businesses including Pilbara Iron, Rio Tinto Coal Australia, Richards Bay Minerals, Oyu Tolgoi, Kennecott and Weipa.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A summary of activity for the quarter is as follows:

 

Product Group

Evaluation

projects

Advanced

projects

Greenfield

programmes

Aluminium

Cape York, Australia

Amargosa, Brazil

Copper & Diamonds

Copper/molybdenum: Resolution, US

Copper: La Granja, Peru

Copper/gold: Oyu Tolgoi, Mongolia

Nickel: Tamarack, US

Energy & Minerals

Coal: Hail Creek, Australia

Lithium borates: Jadar, Serbia

Heavy mineral sands: Mutamba, Mozambique and Zulti South, South Africa

Iron Ore: Simandou, Guinea

Uranium: Roughrider, Canada

Potash: KP405, Canada

Iron Ore

Pilbara, Australia

Pilbara, Australia




 

Forward-looking statements

 

This announcement may include "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding Rio Tinto's production forecast or guidance, financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to Rio Tinto's products and reserve and resource positions), are forward-looking statements. The words "intend", "aim", "project", "anticipate", "estimate", "plan", "believes", "expects", "may", "should", "will", "target", "set to", "assumes" or similar expressions, commonly identify such forward looking statements.

 

Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual production, performance or results of Rio Tinto to be materially different from any future production, performance or results expressed or implied by such forward-looking statements. Such forward-looking statements could be influenced by such risk factors as identified in Rio Tinto's most recent Annual Report and Accounts in Australia and the United Kingdom and the most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the "SEC") or Form 6-Ks furnished to, or filed with, the SEC. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this announcement. Rio Tinto expressly disclaims any obligation or undertaking (except as required by applicable law, the UK Listing Rules, the Disclosure and Transparency Rules of the Financial Conduct Authority and the Listing Rules of the Australian Securities Exchange) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in Rio Tinto's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

 

Nothing in this announcement should be interpreted to mean that future earnings per share of Rio Tinto plc or Rio Tinto Limited will necessarily match or exceed its historical published earnings per share. 

 



 

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Rio Tinto plc

6 St James's Square

London SW1Y 4AD

United Kingdom

 

T +44 20 7781 2000
Registered in England

No. 719885

Rio Tinto Limited

120 Collins Street

Melbourne 3000

Australia

 

T +61 3 9283 3333

Registered in Australia

ABN 96 004 458 404

 

 

 

 

Rio Tinto production summary

















Rio Tinto share of production





















Quarter


Full Year


% Change



2016
Q1

2016
Q4

2017
Q1


2016


Q1 17 
vs
Q1 16

Q1 17 
vs
Q4 16

Principal Commodities










Alumina

('000 t)

2,040

2,104

2,047


8,192


0%

-3%

Aluminium

('000 t)

875

915

889


3,600


2%

-3%

Bauxite

('000 t)

11,088

12,120

11,303


47,703


2%

-7%

Borates

('000 t)

127

121

123


503


-3%

1%

Coal - hard coking

('000 t)

1,982

2,187

1,583


8,141


-20%

-28%

Coal - semi-soft coking

('000 t)

1,175

969

959


4,102


-18%

-1%

Coal - thermal

('000 t)

3,805

4,254

4,222


16,727


11%

-1%

Copper - mined

('000 t)

132.9

133.8

84.2


523.3


-37%

-37%

Copper - refined

('000 t)

51.3

88.4

38.0


250.1


-26%

-57%

Diamonds

('000 cts)

4,522

4,574

4,152


17,953


-8%

-9%

Iron ore

('000 t)

67,371

73,633

66,226


281,321


-2%

-10%

Titanium dioxide slag

('000 t)

246

300

332


1,048


35%

11%

Uranium

('000 lbs)

1,581

1,690

1,573


6,342


0%

-7%

Other Metals & Minerals










Gold - mined

('000 oz)

83.7

85.1

65.8


293.5


-21%

-23%

Gold - refined

('000 oz)

29.8

40.6

51.1


135.4


71%

26%

Molybdenum

('000 t)

0.1

1.8

0.9


2.8


645%

-50%

Salt

('000 t)

1,438

1,386

852


5,180


-41%

-39%

Silver - mined

('000 oz)

938

1,239

946


4,210


1%

-24%

Silver - refined

('000 oz)

348

465

402


1,815


15%

-14%











Throughout this report, figures in italics indicate adjustments made since the figure was previously quoted on the equivalent page. Production figures are sometimes more precise than the rounded numbers shown, hence small differences may result between the total of the quarter figures and the year to date figures.

 



 

Rio Tinto share of production













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









ALUMINA








Production ('000 tonnes)








  Jonquière (Vaudreuil)

100%

377

353

355

367

367

1,452

  Jonquière (Vaudreuil) specialty alumina plant

100%

25

29

29

31

31

115

  Queensland Alumina

80%

763

769

758

789

739

3,078

  São Luis (Alumar)

10%

90

93

92

96

89

371

  Yarwun

100%

785

823

747

821

819

3,176

Rio Tinto total alumina production


2,040

2,067

1,981

2,104

2,047

8,192









ALUMINIUM








Production ('000 tonnes)








  Australia - Bell Bay

100%

45

45

46

47

45

182

  Australia - Boyne Island

59%

86

86

87

87

80

346

  Australia - Tomago

52%

75

76

77

77

75

304

  Canada - six wholly owned

100%

375

398

404

405

394

1,582

  Canada - Alouette (Sept-Îles)

40%

61

61

61

61

60

244

  Canada - Bécancour

25%

28

27

29

28

28

111

  France - Dunkerque

100%

69

69

71

71

70

280

  Iceland - ISAL (Reykjavik)

100%

50

52

51

52

52

205

  New Zealand - Tiwai Point

79%

67

67

68

68

66

269

  Oman - Sohar

20%

19

19

19

19

19

77

Rio Tinto total aluminium production


875

899

911

915

889

3,600









BAUXITE








Production ('000 tonnes) (a)








   Gove

100%

2,214

2,186

2,521

2,169

2,388

9,091

   Porto Trombetas

12%

457

470

533

516

357

1,975

   Sangaredi

   (b)

1,892

1,857

1,726

1,735

1,665

7,210

   Weipa

100%

6,524

7,560

7,642

7,700

6,893

29,427

Rio Tinto total bauxite production


11,088

12,073

12,422

12,120

11,303

47,703



 

Rio Tinto share of production













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









BORATES








Production ('000 tonnes B2O3 content)








  Rio Tinto Borates - borates

100%

127

123

132

121

123

503









COAL - hard coking








Rio Tinto Coal Australia ('000 tonnes)








  Hail Creek Coal (c)

82%

1,224

1,202

1,248

1,205

930

4,879

  Kestrel Coal (c)

80%

758

596

926

981

653

3,262

Rio Tinto total hard coking coal production


1,982

1,798

2,175

2,187

1,583

8,141









COAL - semi-soft coking








Rio Tinto Coal Australia ('000 tonnes)








  Hunter Valley (d)

68%

677

440

842

581

541

2,540

  Mount Thorley (d)

80%

363

331

150

283

269

1,127

  Warkworth (d)

56%

135

121

75

106

149

436

Rio Tinto total semi-soft coking coal production


1,175

893

1,066

969

959

4,102









COAL - thermal








Rio Tinto Coal Australia ('000 tonnes)








  Hail Creek Coal (c)

82%

895

661

787

746

874

3,089

  Hunter Valley (d)

68%

1,364

2,098

1,596

1,724

1,927

6,782

  Kestrel Coal (c)

80%

139

96

225

217

127

676

  Mount Thorley (d)

80%

549

252

606

828

450

2,235

  Warkworth (d)

56%

859

1,216

1,131

739

845

3,945

Rio Tinto total thermal coal production


3,805

4,323

4,346

4,254

4,222

16,727



 

Rio Tinto share of production













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









COPPER








Mine production ('000 tonnes) (a)








  Bingham Canyon

100%

34.2

37.2

36.2

45.1

44.3

152.7

  Escondida

30%

79.4

77.7

72.6

73.4

27.2

303.1

  Grasberg - Joint Venture (e)

40%

0.0

0.0

0.0

0.0

0.0

0.0

  Oyu Tolgoi (f)

34%

19.3

17.3

15.6

15.2

12.8

67.5

Rio Tinto total mine production


132.9

132.2

124.4

133.8

84.2

523.3

Refined production ('000 tonnes)








  Escondida

30%

25.4

25.6

21.2

21.5

8.2

93.6

  Rio Tinto Kennecott

100%

25.8

24.6

39.1

67.0

29.8

156.5

Rio Tinto total refined production


51.3

50.2

60.2

88.4

38.0

250.1









DIAMONDS








Production ('000 carats)








  Argyle

100%

3,391

3,489

3,493

3,584

3,016

13,958

  Diavik

60%

1,131

948

927

989

1,136

3,995

Rio Tinto total diamond production


4,522

4,436

4,420

4,574

4,152

17,953









GOLD








Mine production ('000 ounces) (a)








  Bingham Canyon

100%

26.2

28.3

41.5

57.2

54.1

153.2

  Escondida

30%

9.4

10.8

8.3

11.3

3.4

39.8

  Grasberg - Joint Venture (e)

40%

0.0

0.0

0.0

0.0

0.0

0.0

  Oyu Tolgoi (f)

34%

48.1

23.3

12.5

16.6

8.3

100.5

Rio Tinto total mine production


83.7

62.4

62.3

85.1

65.8

293.5

Refined production ('000 ounces)








  Rio Tinto Kennecott

100%

29.8

35.3

29.7

40.6

51.1

135.4



 

Rio Tinto share of production













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









IRON ORE








Production ('000 tonnes) (a)








  Hamersley mines

   (g)

48,468

50,284

52,302

54,848

48,664

205,902

  Hamersley - Channar

60%

1,523

1,432

1,764

1,119

1,635

5,839

  Hope Downs

50%

5,900

5,924

5,888

5,794

5,218

23,505

  Iron Ore Company of Canada

59%

2,419

2,573

2,925

2,743

2,579

10,661

  Robe River - Pannawonica (Mesas J and A)

53%

4,450

4,221

4,208

4,493

3,809

17,371

  Robe River - West Angelas

53%

4,611

4,452

4,344

4,636

4,322

18,044

Rio Tinto iron ore production ('000 tonnes)


67,371

68,886

71,431

73,633

66,226

281,321

Breakdown of Production:








  Pilbara Blend Lump


18,732

18,628

19,957

20,443

19,207

77,761

  Pilbara Blend Fines


28,351

28,823

29,591

30,795

27,026

117,560

  Robe Valley Lump


1,573

1,440

1,484

1,625

1,453

6,122

  Robe Valley Fines


2,876

2,781

2,725

2,868

2,357

11,250

  Yandicoogina Fines (HIY)


13,420

14,640

14,750

15,159

13,605

57,968

Pilbara iron ore production ('000 tonnes)


64,952

66,313

68,506

70,890

63,647

270,660

  IOC Concentrate


1,242

1,207

1,334

1,124

1,109

4,907

  IOC Pellets


1,178

1,366

1,591

1,618

1,470

5,754

IOC iron ore production ('000 tonnes)


2,419

2,573

2,925

2,743

2,579

10,661

Breakdown of Sales:








  Pilbara Blend Lump


15,291

17,552

17,014

18,071

16,033

67,929

  Pilbara Blend Fines


30,522

31,025

30,132

34,842

30,497

126,521

  Robe Valley Lump


1,272

1,276

1,346

1,502

1,176

5,397

  Robe Valley Fines


2,893

2,927

3,069

3,053

2,373

11,942

  Yandicoogina Fines (HIY)


12,533

14,553

15,008

14,969

13,120

57,062

Pilbara iron ore sales ('000 tonnes)


62,512

67,333

66,569

72,437

63,199

268,851

  IOC Concentrate


1,210

1,261

1,281

1,148

1,193

4,899

  IOC Pellets


1,168

1,413

1,516

1,764

1,415

5,862

IOC iron ore sales ('000 tonnes)


2,378

2,674

2,797

2,912

2,608

10,761

Rio Tinto iron ore sales ('000 tonnes)


64,889

70,007

69,366

75,350

65,806

279,613



 

Rio Tinto share of production













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









MOLYBDENUM








Mine production ('000 tonnes) (a)








  Bingham Canyon

100%

0.1

0.2

0.8

1.8

0.9

2.8









SALT








Production ('000 tonnes)








  Dampier Salt

68%

1,438

1,117

1,240

1,386

852

5,180









SILVER








Mine production ('000 ounces) (a)








  Bingham Canyon

100%

342

329

522

751

711

1,943

  Escondida

30%

463

562

369

397

163

1,791

  Grasberg - Joint Venture (e)

40%

0

0

0

0

0

0

  Oyu Tolgoi (f)

34%

132

131

121

91

72

476

Rio Tinto total mine production


938

1,022

1,011

1,239

946

4,210

Refined production ('000 ounces)








  Rio Tinto Kennecott

100%

348

587

415

465

402

1,815









TITANIUM DIOXIDE SLAG








Production ('000 tonnes)








  Rio Tinto Iron & Titanium (h)

100%

246

236

267

300

332

1,048









URANIUM








Production ('000 lbs U3O8) (i)








  Energy Resources of Australia

68%

894

738

1,004

908

900

3,544

  Rössing

69%

687

702

628

781

673

2,798

Rio Tinto total uranium production


1,581

1,439

1,633

1,690

1,573

6,342











 

Production data notes:

Production figures are sometimes more precise than the rounded numbers shown, hence small differences may result between the total of the quarter figures and the year to date figures.

(a) 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.

(b) Rio Tinto has a 22.95% shareholding in the Sangaredi mine but benefits from 45.0% of production.

(c) Kestrel and Hail Creek produce hard coking coal and thermal coal through their mining operations. Both mines may blend coal types at ports.

(d) On 24 January 2017, Rio Tinto announced a binding agreement to sell Coal & Allied, a wholly owned subsidiary of Rio Tinto Coal Australia (RTCA). This includes Coal & Allied's 67.6% interest in the Hunter Valley Operations mine, 80% interest in the Mount Thorley mine and 55.6% interest in the Warkworth mine. In an earlier restructuring of the Coal & Allied group completed on 3 February 2016, Rio Tinto had obtained 100% of Coal & Allied and retained a 67.6% interest in the newly created Hunter Valley Operations joint venture. Prior to restructuring, Rio Tinto's interest in the Hunter Valley Operations, Mt Thorley and Warkworth mines was 80%, 64% and 44.46% respectively.

(e) Through a joint venture agreement with Freeport-McMoRan (FCX), Rio Tinto is entitled to 40% of additional material mined as a consequence of expansions and developments of the Grasberg facilities since 1998.

(f) Rio Tinto owns a 33.52% indirect interest in Oyu Tolgoi through its 50.79% interest in Turquoise Hill Resources Ltd.

(g) Includes 100% of production from Paraburdoo, Mt Tom Price, Marandoo, Yandicoogina, Brockman, Nammuldi and the Eastern Range mines. Whilst 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.

(h) Quantities comprise 100% of Rio Tinto Fer et Titane and Rio Tinto's 74% interest in Richards Bay Minerals (RBM).

(i) ERA and Rössing production reported are drummed U3O8.









The Rio Tinto percentage shown above is at 31 March 2017.















Rio Tinto's interest in the Lochaber aluminium smelter and Bengalla coal mine were sold in 2016.  No data for these operations are included in the Share of Production table.









 



 

Rio Tinto operational data













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









ALUMINA








Smelter Grade Alumina - Aluminium Group








Alumina production ('000 tonnes)








Australia








  Queensland Alumina Refinery - Queensland

80.0%

953

961

947

987

924

3,848

  Yarwun refinery - Queensland

100.0%

785

823

747

821

819

3,176

Brazil








  São Luis (Alumar) refinery

10.0%

903

931

916

957

895

3,707

Canada








  Jonquière (Vaudreuil) refinery - Quebec (a)

100.0%

377

353

355

367

367

1,452


(a) Jonquière's (Vaudreuil's) production shows smelter grade alumina only and excludes hydrate produced and used for specialty alumina.

Specialty Alumina - Aluminium Group








Specialty alumina production ('000 tonnes)








Canada








  Jonquière (Vaudreuil) plant - Quebec

100.0%

25

29

29

31

31

115

Rio Tinto percentage interest shown above is at 31 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.



 

Rio Tinto operational data













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









ALUMINIUM








Primary Aluminium








Primary aluminium production ('000 tonnes)








Australia








  Bell Bay smelter - Tasmania

100.0%

45

45

46

47

45

182

  Boyne Island smelter - Queensland

59.4%

145

145

147

147

135

583

  Tomago smelter - New South Wales

51.6%

145

147

149

149

145

589

Canada








  Alma smelter - Quebec

100.0%

117

116

117

117

114

467

  Alouette (Sept-Îles) smelter - Quebec

40.0%

152

152

152

153

149

609

  Arvida smelter - Quebec

100.0%

43

43

43

43

41

172

  Arvida AP60 smelter - Quebec

100.0%

15

15

15

15

15

60

  Bécancour smelter - Quebec

25.1%

113

108

114

110

112

445

  Grande-Baie smelter - Quebec

100.0%

56

56

58

58

57

227

  Kitimat smelter - British Columbia

100.0%

83

107

109

109

107

408

  Laterrière smelter - Quebec

100.0%

61

61

62

63

61

247

France








  Dunkerque smelter

100.0%

69

69

71

71

70

280

Iceland








  ISAL (Reykjavik) smelter

100.0%

50

52

51

52

52

205

New Zealand








  Tiwai Point smelter

79.4%

84

84

85

85

84

339

Oman








  Sohar smelter

20.0%

97

97

95

97

96

386

United Kingdom








  Lochaber smelter (a)

0.0%

12

12

12

10

-

46


(a) On 16 December 2016, Rio Tinto completed the sale of its 100% interest in the Lochaber aluminium smelter.

Rio Tinto percentage interest shown above is at 31 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.



 

Rio Tinto operational data













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









BAUXITE








Bauxite production ('000 tonnes)








Australia








  Gove mine - Northern Territory

100.0%

2,214

2,186

2,521

2,169

2,388

9,091

  Weipa mine - Queensland

100.0%

6,524

7,560

7,642

7,700

6,893

29,427

Brazil








  Porto Trombetas (MRN) mine

12.0%

3,805

3,920

4,441

4,296

2,974

16,462

Guinea








  Sangaredi mine (a)

23.0%

4,205

4,126

3,836

3,856

3,699

16,023









Rio Tinto share of bauxite shipments








Share of total bauxite shipments ('000 tonnes)


11,153

11,683

12,743

11,996

11,605

47,575

Share of third party bauxite shipments ('000 tonnes)


6,768

7,101

8,093

7,345

6,927

29,308


(a) Rio Tinto has a 22.95% shareholding in the Sangaredi mine but benefits from 45.0% of production.

Rio Tinto percentage interest shown above is at 31 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.



 

Rio Tinto operational data













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









BORATES








Rio Tinto Borates - borates

100.0%







US








  Borates ('000 tonnes) (a)


127

123

132

121

123

503


(a) Production is expressed as B2O3 content.









COAL








Rio Tinto Coal Australia








Bengalla mine (a)

0.0%


             

             

             



New South Wales



             

             

             



  Thermal coal ('000 tonnes)


1,476

-

-

-

-

1,476

Hail Creek Coal mine

82.0%







Queensland








  Hard coking coal ('000 tonnes)


1,492

1,466

1,522

1,470

1,134

5,950

  Thermal coal ('000 tonnes)


1,091

806

960

910

1,065

3,767

Hunter Valley Operations (b)

67.6%







New South Wales








  Semi-soft coking coal ('000 tonnes)


964

651

1,245

859

800

3,720

  Thermal coal ('000 tonnes)


1,911

3,104

2,361

2,550

2,851

9,925

Kestrel Coal mine

80.0%







Queensland








  Hard coking coal ('000 tonnes)


948

745

1,158

1,227

816

4,077

  Thermal coal ('000 tonnes)


173

120

281

271

159

846

Mount Thorley Operations (b)

80.0%







New South Wales








  Semi-soft coking coal ('000 tonnes)


466

414

187

353

337

1,420

  Thermal coal ('000 tonnes)


742

315

758

1,035

562

2,850

Rio Tinto percentage interest shown above is at 31 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.



 

Rio Tinto operational data













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









COAL (continued)








Warkworth mine (b)

55.6%







New South Wales








  Semi-soft coking coal ('000 tonnes)


267

218

135

190

268

809

  Thermal coal ('000 tonnes)


1,672

2,188

2,035

1,330

1,520

7,225

Total hard coking coal production ('000 tonnes)


2,440

2,210

2,680

2,697

1,950

10,027

Total semi-soft coking coal production ('000 tonnes)


1,697

1,284

1,567

1,402

1,405

5,950

Total thermal coal production ('000 tonnes)


7,065

6,533

6,395

6,096

6,156

26,090

Total coal production ('000 tonnes)


11,202

10,026

10,642

10,196

9,512

42,067









Total coal sales ('000 tonnes)


11,047

10,357

10,129

10,241

8,792

41,773

Rio Tinto Coal Australia share (c)








Share of hard coking coal sales ('000 tonnes)


2,099

1,879

2,332

2,395

1,524

8,704

Share of semi-soft coal sales ('000 tonnes) (d)


1,122

1,075

904

1,043

765

4,144

Share of thermal coal sales ('000 tonnes) (d)


4,287

4,260

3,958

3,979

3,946

16,484


(a) Rio Tinto sold its interest in the Bengalla Joint Venture with an effective date of 1 March 2016.
(b) On 24 January 2017, Rio Tinto announced a binding agreement to sell Coal & Allied, a wholly owned subsidiary of Rio Tinto Coal Australia (RTCA). This includes Coal & Allied's 67.6% interest in the Hunter Valley Operations mine, 80% interest in the Mount Thorley mine and 55.6% interest in the Warkworth mine. In an earlier restructuring of the Coal & Allied group completed on 3 February 2016, Rio Tinto had obtained 100% of Coal & Allied and retained a 67.6% interest in the newly created Hunter Valley Operations joint venture. Prior to restructuring, Rio Tinto's interest in the Hunter Valley Operations, Mt Thorley and Warkworth mines was 80%, 64% and 44.46% respectively.
(c) Kestrel and Hail Creek produce hard coking coal and thermal coal through their mining operations. Both mines may blend coal types at ports.
(d) Sales relate only to coal mined by the operations and exclude traded coal.

Rio Tinto percentage interest shown above is at 31 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.



 

Rio Tinto operational data













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









COPPER & GOLD








Escondida

30.0%







Chile








Sulphide ore to concentrator ('000 tonnes)


21,188

22,905

20,787

19,866

8,054

84,746

  Average copper grade (%)


0.99

0.94

0.87

1.02

1.01

0.96

Mill production (metals in concentrates):








  Contained copper ('000 tonnes)


175.8

181.7

153.2

168.6

67.7

679.3

  Contained gold ('000 ounces)


31

36

28

38

11

133

  Contained silver ('000 ounces)


1,544

1,874

1,229

1,323

543

5,971

Recoverable copper in ore stacked for leaching ('000 tonnes) (a)


88.8

77.4

88.9

76.4

22.8

331.4

Refined production from leach plants:








  Copper cathode production ('000 tonnes)


84.8

85.3

70.5

71.5

27.2

312.1


(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)


14,249

14,141

16,608

15,630

18,254

60,628

Average mill head grades:








  Copper (%)


0.69

0.84

1.02

1.08

1.05

0.91

  Gold (g/t)


0.53

0.48

0.69

0.97

1.08

0.68

  Silver (g/t)


2.23

2.88

3.45

3.67

2.95

3.09

Production of metals in concentrates:








  Copper in concentrates ('000 tonnes)


85.8

106.5

153.8

153.1

176.6

499.4

  Gold in concentrates ('000 ounces)


196

179

310

409

526

1,094

  Silver in concentrates ('000 ounces)


613

776

1,170

1,237

1,067

3,796

Sales of payable metals in concentrates: (c)








  Copper in concentrates ('000 tonnes)


86.9

96.8

153.7

140.6

172.0

478.0

  Gold in concentrates ('000 ounces)


207

166

307

374

514

1,054

  Silver in concentrates ('000 ounces)


510

562

928

907

834

2,909


(a) Through a joint venture agreement with Freeport-McMoRan (FCX), Rio Tinto is entitled to 40% of additional material mined as a consequence of expansions and developments of the Grasberg facilities since 1998. The 1Q 2017 results show the forecast from FCX's most recent five-year plan, because FCX is not releasing its actual 100% operating data for Q1 2017 until the release of its 2017 first-quarter results on 25 April 2017. The forecast did not include the impact of the export ban and strike at Gresik smelter.
(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 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.



 

Rio Tinto operational data













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









COPPER & GOLD (continued)








Rio Tinto Kennecott








Bingham Canyon mine

100.0%







Utah, US








Ore treated ('000 tonnes)


7,386

7,512

9,698

8,827

9,508

33,423

Average ore grade:








  Copper (%)


0.51

0.55

0.41

0.56

0.51

0.50

  Gold (g/t)


0.19

0.18

0.25

0.31

0.32

0.24

  Silver (g/t)


1.85

1.70

2.56

3.33

3.24

2.41

  Molybdenum (%)


0.015

0.023

0.031

0.040

0.025

0.028

Copper concentrates produced ('000 tonnes)


153

152

154

190

189

648

  Average concentrate grade (% Cu)


22.4

24.5

23.4

23.8

23.3

23.5

Production of metals in copper concentrates:








  Copper ('000 tonnes) (a)


34.2

37.2

36.2

45.1

44.3

152.7

  Gold ('000 ounces)


26

28

41

57

54

153

  Silver ('000 ounces)


342

329

522

751

711

1,943

Molybdenum concentrates produced ('000 tonnes):


0.2

0.3

1.6

3.4

1.7

5.6

  Molybdenum in concentrates ('000 tonnes)


0.1

0.2

0.8

1.8

0.9

2.8


(a) Includes a small amount of copper in precipitates.

Kennecott smelter & refinery

100.0%







Copper concentrates smelted ('000 tonnes)


158

167

220

207

136

752

Copper anodes produced ('000 tonnes) (a)


32.0

33.1

56.1

42.7

33.7

163.8

Production of refined metal:








  Copper ('000 tonnes)


25.8

24.6

39.1

67.0

29.8

156.5

  Gold ('000 ounces) (b)


29.8

35.3

29.7

40.6

51.1

135.4

  Silver ('000 ounces) (b)


348

587

415

465

402

1,815


(a) New metal excluding recycled material.
(b) Includes gold and silver in intermediate products.

Rio Tinto percentage interest shown above is at 31 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.



 

Rio Tinto operational data













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









COPPER & GOLD (continued)








Turquoise Hill Resources








Oyu Tolgoi mine (a)

33.5%







Mongolia








Ore Treated ('000 tonnes)


9,662

9,525

9,146

9,819

10,087

38,152

Average mill head grades:








  Copper (%)


0.70

0.64

0.66

0.61

0.51

0.65

  Gold (g/t)


0.63

0.33

0.21

0.25

0.15

0.36

  Silver (g/t)


1.92

1.92

1.99

1.50

1.30

1.83

Copper concentrates produced ('000 tonnes)


229.5

207.1

203.2

206.7

176.0

846.6

  Average concentrate grade (% Cu)


25.1

24.9

22.9

22.0

21.6

23.8

Production of metals in concentrates:








  Copper in concentrates ('000 tonnes)


57.6

51.7

46.6

45.5

38.1

201.3

  Gold in concentrates ('000 ounces)


143.5

69.6

37.4

49.4

24.8

300.0

  Silver in concentrates ('000 ounces)


395

391

361

273

215

1,420

Sales of metals in concentrates:








  Copper in concentrates ('000 tonnes)


51.2

54.4

45.7

37.6

39.5

188.9

  Gold in concentrates ('000 ounces)


175

95

38

39

32

347

  Silver in concentrates ('000 ounces)


305

395

341

239

205

1,280


(a) Rio Tinto owns a 33.52% indirect interest in Oyu Tolgoi through its 50.79% interest in Turquoise Hill Resources.

Rio Tinto percentage interest shown above is at 31 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.



 

Rio Tinto operational data













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









DIAMONDS








Argyle Diamonds

100.0%







Western Australia








  AK1 ore processed ('000 tonnes)


1,151

1,314

1,349

1,283

1,144

5,097

  AK1 diamonds produced ('000 carats)


3,391

3,489

3,493

3,584

3,016

13,958

Diavik Diamonds

60.0%







Northwest Territories, Canada








  Ore processed ('000 tonnes)


557

535

582

539

531

2,214

  Diamonds recovered ('000 carats)


1,885

1,579

1,545

1,649

1,894

6,658

Rio Tinto percentage interest shown above is at 31 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.



 

Rio Tinto operational data













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









IRON ORE








Rio Tinto Iron Ore








Western Australia








Pilbara Operations








Saleable iron ore production ('000 tonnes)








  Hamersley mines

   (a)

48,468

50,284

52,302

54,848

48,664

205,902

  Hamersley - Channar

60.0%

2,539

2,386

2,941

1,866

2,725

9,731

  Hope Downs

50.0%

11,799

11,847

11,775

11,588

10,435

47,010

  Robe River - Pannawonica (Mesas J and A)

53.0%

8,395

7,964

7,940

8,477

7,188

32,776

  Robe River - West Angelas

53.0%

8,700

8,400

8,196

8,748

8,154

34,044

Total production ('000 tonnes)


79,902

80,882

83,154

85,526

77,165

329,463

Breakdown of total production:








  Pilbara Blend Lump


23,355

23,180

24,478

24,902

23,618

95,915

  Pilbara Blend Fines


34,732

35,098

35,986

36,988

32,755

142,804

  Robe Valley Lump


2,969

2,717

2,799

3,066

2,741

11,551

  Robe Valley Fines


5,427

5,248

5,141

5,411

4,446

21,226

  Yandicoogina Fines (HIY)


13,420

14,640

14,750

15,159

13,605

57,968

Breakdown of total sales:








  Pilbara Blend Lump


19,149

20,914

20,377

21,943

20,161

82,383

  Pilbara Blend Fines


37,199

38,807

37,200

42,225

36,679

155,431

  Robe Valley Lump


2,400

2,408

2,540

2,835

2,218

10,183

  Robe Valley Fines


5,459

5,523

5,790

5,761

4,476

22,533

  Yandicoogina Fines (HIY)


12,533

14,553

15,008

14,969

13,120

57,062

Total sales ('000 tonnes) (b)


76,739

82,205

80,916

87,732

76,655

327,592


(a) Includes 100% of production from Paraburdoo, Mt Tom Price, Marandoo, Yandicoogina, Brockman, Nammuldi and the Eastern Range mines. Whilst 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)


2,114

2,056

2,272

1,915

1,889

8,357

  Pellets ('000 tonnes)


2,006

2,326

2,710

2,756

2,504

9,798

IOC Total production ('000 tonnes)


4,120

4,382

4,982

4,671

4,392

18,155

Sales:








  Concentrates ('000 tonnes)


2,060

2,147

2,182

1,955

2,031

8,344

  Pellets ('000 tonnes)


1,990

2,407

2,582

3,004

2,409

9,983

IOC Total sales ('000 tonnes)


4,049

4,554

4,764

4,960

4,441

18,326

Global Iron Ore Totals








Iron Ore Production ('000 tonnes)


84,022

85,265

88,136

90,196

81,558

347,619

Iron Ore Sales ('000 tonnes)


80,789

86,759

85,679

92,692

81,096

345,918

Rio Tinto percentage interest shown above is at 31 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.



 

Rio Tinto operational data













Rio Tinto
interest

1Q
2016

2Q
2016

3Q
2016

4Q
2016

1Q
2017

Full Year
2016









SALT








Dampier Salt

68.4%







Western Australia








  Salt production ('000 tonnes)


2,103

1,634

1,813

2,028

1,246

7,578









TITANIUM DIOXIDE SLAG








Rio Tinto Iron & Titanium

100.0%







Canada and South Africa








  (Rio Tinto share) (a)








  Titanium dioxide slag ('000 tonnes)


246

236

267

300

332

1,048


(a) Quantities comprise 100% of Rio Tinto Fer et Titane and Rio Tinto's 74% interest in Richards Bay Minerals' production. Ilmenite mined in Madagascar is being processed in Canada.









URANIUM








Energy Resources of Australia Ltd








Ranger mine (a)

68.4%







Northern Territory, Australia








  U3O8 Production ('000 lbs)


1,307

1,078

1,468

1,328

1,316

5,182


(a) ERA production reported is 'drummed' U3O8.

Rössing Uranium Ltd

68.6%







Namibia








  U3O8 Production ('000 lbs)


1,001

1,023

916

1,138

981

4,078









Rio Tinto percentage interest shown above is at 31 March 2017. 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
 
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