Third quarter 2011 operations review

RNS Number : 0916Q
Rio Tinto PLC
13 October 2011
 



Third quarter 2011 operations review

 

13 October 2011

 

Chief executive Tom Albanese said: "We have set new quarterly records for iron ore sales and hard coking coal production as our operations recovered from the severe weather experienced earlier in the year. Whilst we are mindful of current market volatility, the fundamentals are holding up well, particularly for bulk-traded commodities. We are operating at full capacity, selling all we produce and our growth programme is on track, supported by the strength of our balance sheet."

      

·      Global iron ore production of 64 million tonnes (50 million tonnes attributable) was up five per cent on the third quarter of 2010.

      

·      Third quarter iron ore sales of 60 million tonnes (100 per cent basis) from the Pilbara operations in Western Australia set a new quarterly record as the ports and rail recovered strongly from the inclement weather experienced earlier in the year .

 

·      Mined copper continued to be impacted by lower grades at Escondida and Kennecott Utah Copper and was down 32 per cent on the third quarter of 2010.

 

·      Bauxite production was up seven per cent compared with the same quarter of 2010. Aluminium was two per cent higher whilst alumina was five per cent lower.

 

·      Coal production from the Queensland and New South Wales coal mines rebounded from the severe rains in the first half of the year.

Ø Australian hard coking coal production set a new quarterly record and was 14 per cent higher than third quarter of 2010 and 55 per cent higher than the second quarter.

Ø Other production from the Australian coal operations favoured semi-soft coal which was 57 per cent higher than the third quarter of 2010 with thermal coal three per cent lower. 

 

·      In the first nine months of 2011 Rio Tinto increased its interest in Ivanhoe Mines Ltd from 40.5 per cent to 49.0 per cent and participated in Ivanhoe's rights offering for a total cost of $1.9 billion.

 

·      Rio Tinto completed the $3.7 billion Riversdale acquisition on 1 August: Benga is on track to be commissioned by year-end with substantial growth options ahead.

 

·      On 12 October, ERA announced it is to raise A$500 million via an accelerated renounceable entitlement offer. Rio Tinto has committed to subscribe for its 68.4 per cent entitlement in full and has indicated that it intends to participate in sub-underwriting any shortfall in the retail entitlement offer.

 

·      On 10 February, Rio Tinto announced a $5 billion capital management programme, which was subsequently increased to $7 billion to be completed by the end of the first quarter of 2012. By 12 October, 69 million Rio Tinto plc shares had been bought back at a total cost of $4.4 billion.

 

All currency figures in this report are US dollars, and comments refer to Rio Tinto's share of production, unless otherwise stated



IRON ORE

 

Rio Tinto share of production (000 tonnes)

 

Q3 11

vs Q3 10

vs Q2 11

9 mths 11

vs 9 mths 10

Pilbara Blend Lump

12,819

+16%

+3%

35,962

+9%

Pilbara Blend Fines

17,332

+9%

+6%

47,556

+10%

Robe Valley Lump

1,420

-1%

+7%

3,837

-7%

Robe Valley Fines

3,015

+7%

+4%

8,295

+5%

Yandicoogina Fines (HIY)

12,829

-9%

-8%

39,036

-2%

IOC (pellets and concentrate)

2,421

+6%

+24%

5,874

-9%

 

Global iron ore production of 64 million tonnes (50 million tonnes attributable) was up five per cent on the third quarter of 2010. Year to date global iron ore production of 179 million tonnes (141 million tonnes attributable) was up three per cent on the same period of 2010.

 

Pilbara operations

The Pilbara mines continued to operate at above capacity and produced 60 million tonnes (50 million tonnes attributable), the second highest quarter on record. Production for the nine months to September was 169 million tonnes (141 million tonnes attributable).

 

Third quarter sales of 60 million tonnes (100 per cent basis) set a new quarterly record as rail and port infrastructure recovered strongly from the inclement weather experienced earlier in the year.

 

Pilbara marketing

During the third quarter Rio Tinto priced the majority of its iron ore using a quarterly index-linked price, set at the prior quarter's average lagged by one month, as a reference.  Prices are adjusted for product characteristics and iron and moisture content. The approximate iron and moisture content for Rio Tinto's major iron ore products from the first to the third quarter of 2011 were:

 

 

Fe (dry basis)

Moisture

Pilbara Blend Lump

62.5%

4%

Pilbara Blend Fines

61.5%

8.5%

Robe Valley Lump

57.0%

6.0%

Robe Valley Fines

57.0%

7.0%

Yandicoogina Fines

58.5%

9.0%

 

Pilbara expansion

The expansion of the Pilbara to 283 Mt/a by the second half of 2013 remains on track. Early works for the expansion to 333 Mt/a proceeded, with earthworks for the new stockyard and car dumper well advanced. The feasibility study to expand the Pilbara to 333 Mt/a is on track for a full decision in early 2012.

 

On 9 September, Rio Tinto announced an investment of $310 million to assure a sustainable water supply for its iron ore operations in the Pilbara, ensuring a sufficient resource to accommodate the expansion of annual production capacity up to 333 Mt/a.

 

On 15 September, Rio Tinto announced an investment of $833 million (Rio Tinto share $706 million) in major power and fuel supply projects in the Pilbara, of which approximately half relates to sustaining capex and half to growth capex. Rio Tinto's integrated Pilbara power and gas network will be upgraded with a $520 million investment and a further $313 million will be allocated to fuel infrastructure facilities. The projects are needed to support annual production capacity of 283 million tonnes. The fuel infrastructure project will also help support the next phase of potential expansion, to 333 Mt/a in 2015.

 

Rio Tinto's integrated operations will be progressively upgraded as follows:

·      225 Mt/a - current operating capacity

·      230 Mt/a by end of Q1 2012 - Dampier port incremental (in implementation)

·      283 Mt/a by end of H2 2013 - Cape Lambert first 53 Mt/a increment (in implementation)

·      333 Mt/a by end of H1 2015 - Cape Lambert second 50 Mt/a increment  (in feasibility)

 

Iron Ore Company of Canada (IOC)

Third quarter saleable iron ore production was six per cent higher than the same quarter of 2010 and 24 per cent higher than the second quarter of 2011 as a result of improved production reliability.  Concentrate for sinter production was maximised in the quarter to respond to market demand, and this resulted in lower pellet production relative to the third quarter of 2010.

 

The Concentrator Expansion Project Phase 1, lifting capacity to 22 Mt/a, is on track for completion in late 2011 and Phase 2, improving the magnetite recovery circuit, is progressing as planned, with first production expected in late 2012.

 

2011 production guidance

In 2011, Rio Tinto expects to produce in excess of 240 million tonnes (100 per cent basis) from its global operations in Australia and Canada, subject to weather constraints.

 

 

COPPER

 

Rio Tinto share of production

 

Q3 11

vs Q3 10

vs Q2 11

9 mths 11

vs 9 mths 10

Kennecott Utah Copper

 

 

 

 

 

Mined copper (000 tonnes)

41.9

-36%

-8%

147.9

-18%

Refined copper (000 tonnes)

45.2

-40%

-22%

166.5

-19%

Molybdenum (000 tonnes)

3.4

+25%

-21%

11.3

+30%

Mined gold (000 ozs)

92

-12%

-8%

294

-21%

Refined gold (000 ozs)

88

-47%

-17%

292

-40%

Escondida

 

 

 

 

 

Mined copper (000 tonnes)

44.7

-39%

-20%

162.5

-28%

Refined copper (000 tonnes)

17.2

-27%

-23%

62.6

-4%

Grasberg JV

 

 

 

 

 

Mined copper (000 tonnes)

1.6

-27%

-68%

11.5

-61%

Mined gold (000 ozs)

53

+1%

+29%

142

+22%

Northparkes

 

 

 

 

 

Mined copper (000 tonnes)

10.6

+31%

+10%

29.6

+28%

Palabora

 

 

 

 

 

Mined copper (000 tonnes)

10.5

-4%

-3%

31.2

-2%

 

Kennecott Utah Copper (KUC)

Mill throughput in the third quarter was lower than all comparable periods, due to a scheduled move of the in-pit crusher. Copper and gold contained in concentrates was below prior periods due to a combination of lower mill throughput and lower ore grades, whilst variability in molybdenum production reflected fluctuations in ore grades and recoveries.

 

Production of copper, gold and silver will remain at lower levels as mining progresses through lower grade areas of the open pit, before rebounding during the second half of 2012 and into 2013.

 

On 20 September, Rio Tinto announced an increase in its copper mineral resources by 20 million tonnes to 106 million tonnes at KUC. The mineral resource addition, known as the North Rim Skarn, increases contained metal in mineral resources by 0.73 million tonnes of copper, 1.0 million ounces of gold and 13 million ounces of silver over the 2010 year-end mineral resource estimate.

 

Escondida

Third quarter mined copper production decreased 39 per cent compared with the same quarter of 2010, as a consequence of a work stoppage which halted operations for 15 days, coupled with lower copper grades.

 

Grasberg

Freeport is due to release its 100 per cent operating data for the third quarter on 19 October 2011.

Rio Tinto's share of joint venture copper in 2011 has been impacted by lower ore grades which substantially reduced the Rio Tinto share of production under the metal sharing agreement.

The labour strike which commenced on 15 September 2011 is still ongoing.

 

Northparkes

Mined copper production rose by 31 per cent compared with the same quarter of 2010 due to higher grades from the E48 block cave and ongoing mine to mill optimisation projects leading to higher ore treatment volumes.

 

Palabora

Mined copper production decreased by four per cent compared with the third quarter of 2010 due to significantly lower slag grade material being milled leading to reduced recovery.

 

On 5 September, Rio Tinto announced its intention to divest its 57.7 per cent shareholding in Palabora and initiated a commercial process to sell its shareholding.

 

Ivanhoe

On 24 August, Rio Tinto exercised its right to subscribe for and acquire common shares in Ivanhoe Mines Ltd, increasing its ownership by 2.0 per cent to 48.5 per cent for a total consideration of $536 million.

 

On 27 September, Rio Tinto increased its stake in Ivanhoe to 49 per cent through the acquisition of an additional 3.7 million common shares bringing its total holding to 361,858,442 common shares. The additional shares were purchased for an aggregate of $71 million at a price per share of $19.21.

 

2011 production guidance

In 2011, Rio Tinto share of mined and refined copper production is expected to be 522 thousand tonnes and 337 thousand tonnes, respectively.

 

 

ALUMINIUM

 

Rio Tinto share of production (000 tonnes)

 

Q3 11

vs Q3 10

vs Q2 11

9 mths 11

vs 9 mths 10

Bauxite

9,178

+7%

+5%

25,971

+6%

Alumina

2,235

-5%

-

6,593

-3%

Aluminium

962

+2%

-

2,863

+1%

 

Cost pressures are returning to the aluminium industry, including the effect of stronger currencies, and the higher costs of caustic, coke and pitch.

 

Bauxite and alumina

Bauxite production was seven per cent higher than the third quarter of 2010, notably at Weipa, driven by increased third party demand.

 

Alumina production continued its gradual recovery from the abnormally heavy rains between December 2010 and April 2011, which primarily impacted Queensland Alumina's production, affecting bauxite and coal quality, equipment reliability and freight costs. In August 2011, Gove suffered a significant power outage resulting in a loss of 55,000 tonnes of alumina production.  The plant has recovered from the outage and is now operating at a stable rate.

 

Aluminium

Aluminium production was marginally higher than the same quarter of 2010, driven by higher production at Laterrière following a transformer failure in July 2010, partly offset by the loss of production following two subsequent transformer incidents in May 2011 and August 2011 at the Dunkerque smelter in France.

 



2011 production guidance

In 2011, Rio Tinto's share of bauxite, alumina and aluminium production is expected to be 35.8 million tonnes, 9.2 million tonnes and 3.9 million tonnes, respectively.

 

 

ENERGY

 

Coal

Rio Tinto share of production (000 tonnes)

 

Q3 11

vs Q3 10

vs Q2 11

9 mths 11

vs 9 mths 10

Rio Tinto Coal Australia

 

 

 

 

 

Hard coking coal

2,774

+14%

+56%

6,177

-8%

Semi-soft coking coal

733

+57%

+6%

2,113

-7%

Thermal coal

4,575

-3%

-4%

13,355

+1%

 

Hard coking coal production set a new quarterly record, 14 per cent above the third quarter of 2010, and recovered strongly from the severe flooding earlier in the year. Hail Creek benefited from improved truck performance and additional heavy mobile equipment whilst Kestrel production increased following the one month longwall changeover in the second quarter.

 

Semi-soft coking coal production was 57 per cent higher than the corresponding quarter of 2010, primarily due to the ongoing expansion at Hunter Valley Operations (HVO).

 

Thermal coal production was three per cent lower than the third quarter of 2010 and four per cent lower than the second quarter. Clermont was impacted by a four week delay in overburden removal which reduced coal recovery.

 

2011 production guidance

In 2011, Rio Tinto's share of Australian hard coking, semi soft coking and thermal coal production is expected to be 8 million tonnes, 3 million tonnes and 18 million tonnes, respectively.

 

Uranium

Rio Tinto share of production (000 lbs)

 

Q3 11

vs Q3 10

vs Q2 11

9 mths 11

vs 9 mths 10

Energy Resources of Australia

1,532

+8%

+840%

2,272

-43%

Rössing

841

-38%

-4%

2,568

-38%

 

Since the resumption of processing activities at ERA in June, production has steadily increased and the plant has been milling at high throughput and utilisation rates.

 

Rössing production was lower than the third quarter of 2010 due to lower grades and lower extraction rates. The major pre-strip programme which will allow access to higher grade, low strip-ratio reserves is now 50 per cent complete.

 

2011 production guidance

In 2011, Rio Tinto's share of uranium production is expected to be 7.4 million pounds.

 

 



DIAMONDS & MINERALS

 

Rio Tinto share of production

 

Q3 11

vs Q3 10

vs Q2 11

9 mths 11

vs 9 mths 10

Diamonds (000 carats)

 

 

 

 

 

Argyle

2,302

-5%

+46%

5,523

-27%

Diavik

1,160

+8%

+8%

3,046

+2%

 

 

 

 

 

 

Minerals (000 tonnes)

 

 

 

 

 

Borates

127

-10%

-12%

390

+1%

Titanium dioxide feedstock

381

+14%

+8%

1,063

+4%

 

Argyle rough diamond production was up 46 per cent compared with the previous quarter, and broadly in line with the corresponding period in 2010, following stabilisation of the operation after the impact of heavy rains and flooding in March 2011. Diavik production was eight per cent higher than both the previous quarter and the third quarter of 2010, driven by increased ore throughput, although this was partly offset by lower grades.

 

Borates production decreased by ten per cent compared with the third quarter of 2010, due to a planned maintenance shutdown in August 2011.   Production at Boron operations has now returned to expected levels, having recovered from an inundation event earlier in the year

 

Titanium dioxide feedstocks production was eight per cent higher than the previous quarter following a furnace rebuild at Rio Tinto Fer et Titane.   Production was 14 per cent higher than the corresponding period in 2010, reflecting improved operating performance at each of Richards Bay Minerals, Rio Tinto Fer et Titane and QIT Madagascar Minerals.

 

2011 production guidance

In 2011, Rio Tinto's share of production is expected to be as follows:

·      Diamonds - 13 million carats

·      Titanium dioxide feedstocks - 1.4 million tonnes

·      Borates - 0.5 million tonnes.

 

 

OTHER CORPORATE ACTIVITY

 

On 1 August, Rio Tinto completed the divestment of its talc business to Imerys for an enterprise value of $340 million.

 

On 6 August, Rio Tinto and Mitsubishi Corporation made an indicative, conditional, incomplete and non-binding proposal to acquire all of the shares in Coal & Allied they do not already hold under a joint takeover.

 

In September, Rio Tinto reached an agreement with Western Fuels-Colorado LLC to divest its holding in the Colowyo coal mine. The sale is expected to close by the end of 2011.

 



EXPLORATION AND EVALUATION

 

Pre-tax and pre-divestment expenditure on exploration and evaluation charged to the profit and loss account in the first nine months of 2011 was $798 million compared with $371 million in the same period of 2010. During the first nine months of 2011, the Group realised $88 million (pre-tax) from the divestment of central exploration properties, compared with $71 million in the same period of 2010. This included the Sari Gunay gold property in Iran and the Altai Nuurs coal project in Mongolia.  

 

Exploration highlights 

 

At the Amargosa bauxite project in Brazil, reports on mine design, infrastructure, beneficiation, geotechnical and hydrology studies have been prepared and final resource block models are under construction.  The Order of Magnitude study remains on track for transition to Rio Tinto Alcan in the fourth quarter of 2011.

 

Rio Tinto Exploration signed a conditional agreement with Tasman Resources Ltd to farm in to their wholly-owned tenement hosting the Vulcan prospect, in close proximity to the Olympic Dam copper-gold-uranium mine, South Australia.

 

Rio Tinto entered into a joint venture with North Atlantic Potash Inc., a subsidiary of JSC Acron, to explore for potash on nine permitted areas in Saskatchewan, Canada.

 

Following completion of the Riversdale acquisition, Rio Tinto Coal Mozambique commenced accelerated exploration and evaluation studies on extensive land holdings across the Moatize Basin. 

 

A summary of activity for the period is as follows:

 

Product Group

Evaluation projects

Advanced projects

Greenfield programmes

Aluminium

 

Amargosa, Brazil

Australia, Brazil, Laos

Copper

Copper/molybdenum: Resolution, US.

Copper: La Granja, Peru

Copper/gold: Oyu Tolgoi, Mongolia

Nickel/copper: Eagle, US

Nickel: Tamarack, US.

Copper: Australia, Chile, Kazakhstan, Peru, Russia, US, Zambia

Nickel: Canada, South Africa

Diamonds & Minerals

Diamonds: Bunder, India

Lithium borates: Jadar, Serbia


Diamonds: Canada, Democratic Republic of Congo, India

Potash: Canada

Energy

Coal: Rio Tinto Coal Mozambique

Coal: Bowen Basin, Australia

Coal: Chile, Mozambique, Namibia

Uranium: Canada, Namibia

Iron Ore

Simandou, Guinea

Pilbara, Australia

Pilbara, Australia.

Canada, Democratic Republic of Congo

 

Mine-lease exploration continued at a number of Rio Tinto businesses including Kennecott Utah Copper, Northparkes, Energy Resources of Australia, Rössing, Diavik and Pilbara Iron. 

 

 

 



About Rio Tinto

Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and New York Stock Exchange listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.

Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, thermal and metallurgical coal, uranium, gold, industrial minerals (borax, titanium dioxide and salt) and iron ore. Activities span the world and are strongly represented in Australia and North America with significant businesses in Asia, Europe, Africa and South America.

For further information, please contact:

Media Relations, EMEA / Americas

Illtud Harri

Office: +44 (0) 20 7781 1152

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Office:  +44 (0) 20 7781 1154

Mobile: +44 (0) 7825 275 605

Investor Relations, London

Mark Shannon

Office:  +44 (0) 20 7781 1178

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Office:  +44 (0) 20 7781 2051

Mobile: +44 (0) 7920 010 978

 

 

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Office: +61 (0) 3 9283 3612

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Investor Relations, Australia

Dave Skinner

Office:  +61 (0) 3 9283 3628

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Office: +61 (0) 3 9283 3063

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Media Relations, Canada

Bryan Tucker

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Mobile: +1 (0) 801 558 2645

 

Website:

www.riotinto.com

Email:

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High resolution photographs and media pack available at: www.riotinto.com/media 

 

 

 

 

 

 

 

 

 

 



Rio Tinto production summary

Rio Tinto share of production

 



Quarter


9 Months


% Change



2010

2011

2011


2010

2011


Q3 11

Q3 11

9 MTHS 11



Q3

Q2

Q3


9 MTHS

9 MTHS


vs

vs

vs










Q3 10

Q2 11

9 MTHS 10

Principal Commodities












Alumina

('000 t)

2,343

2,240

2,235


6,785

6,593


-5%

0%

-3%

Aluminium

('000 t)

939

958

962


2,828

2,863


2%

0%

1%

Bauxite

('000 t)

8,604

8,726

9,178


24,589

25,971


7%

5%

6%

Borates

('000 t)

141

144

127


388

390


-10%

-12%

1%

Coal - hard coking

('000 t)

2,434

1,775

2,774


6,688

6,177


14%

56%

-8%

Coal - semi-soft coking

('000 t)

468

689

733


2,278

2,113


57%

6%

-7%

Coal - Australian thermal

('000 t)

4,694

4,758

4,575


13,276

13,355


-3%

-4%

1%

Copper - mined

('000 t)

159.7

127.2

109.3


492.9

382.7


-32%

-14%

-22%

Copper - refined

('000 t)

106.7

89.9

68.3


293.3

253.5


-36%

-24%

-14%

Diamonds

('000 cts)

3,536

2,733

3,534


10,643

8,766


0%

29%

-18%

Iron ore

('000 t)

47,608

48,851

49,834


134,579

140,561


5%

2%

4%

Titanium dioxide feedstock

('000 t)

335

352

381


1,019

1,063


14%

8%

4%

Uranium

('000 lbs)

2,776

1,040

2,373


8,101

4,840


-14%

128%

-40%

Other Metals & Minerals











Coal - US thermal

('000 t)

684

339

721


1,772

1,552


5%

113%

-12%

Gold - mined

('000 ozs)

187

168

169


572

515


-10%

0%

-10%

Gold - refined

('000 ozs)

164

105

88


484

292


-47%

-17%

-40%

Molybdenum

('000 t)

2.7

4.3

3.4


8.7

11.3


25%

-21%

30%

Salt

('000 t)

1,115

1,732

1,797


3,761

4,677


61%

4%

24%

Silver - mined

('000 ozs)

1,595

1,281

1,088


4,898

3,666


-32%

-15%

-25%

Silver - refined

('000 ozs)

1,207

868

664


3,638

2,436


-45%

-24%

-33%

Talc

('000 t)

259

257

84


763

592


-68%

-67%

-22%

 

 

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

 



Rio Tinto share of production

 


Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS


interest

2010

2010

2011

2011

2011

2010

2011

ALUMINA









Production ('000 tonnes)









Gove

100%

642

621

608

665

619

1,852

1,892

Jonquière (Vaudreuil)

100%

340

335

334

340

337

966

1,012

Queensland Alumina

80%

765

740

596

676

665

2,317

1,937

São Luis (Alumar)

10%

68

74

82

85

86

177

252

Yarwun

100%

364

359

338

301

354

1,018

993

Specialty alumina plants

100%

164

163

159

174

175

455

507

Rio Tinto total alumina production


2,343

2,292

2,117

2,240

2,235

6,785

6,593

ALUMINIUM









Production ('000 tonnes)









Australia - Bell Bay

100%

45

45

45

45

45

132

135

Australia - Boyne Island

59%

84

83

81

82

83

248

247

Australia - Tomago

52%

69

69

67

70

70

203

207

Cameroon - Alucam (Edéa)

47%

10

11

7

7

9

24

23

Canada - six wholly owned

100%

315

332

328

332

335

991

995

Canada - Alouette (Sept-Îles)

40%

56

58

57

57

58

170

173

Canada - Bécancour

25%

26

26

26

27

26

78

78

France - two wholly owned

100%

89

90

89

87

81

267

256

Iceland - ISAL (Reykjavik)

100%

48

48

46

47

46

142

138

New Zealand - Tiwai Point 

79%

70

70

68

70

73

203

211

Norway - SØRAL (Husnes)

50%

11

11

11

11

11

33

33

Oman - Sohar

20%

19

19

18

19

19

55

56

UK - two wholly owned

100%

49

49

51

56

57

137

164

USA - Sebree

100%

48

50

49

49

48

146

146

Rio Tinto total aluminium production


939

962

944

958

962

2,828

2,863

BAUXITE









Production ('000 tonnes) (a)









Gove

100%

1,771

1,771

1,665

1,805

1,860

5,419

5,330

Porto Trombetas (b)

12%

498

498

453

465

454

1,354

1,372

Sangaredi (b)

(c)

1,373

1,380

1,281

1,395

1,461

4,038

4,137

Weipa

100%

4,962

4,813

4,668

5,061

5,403

13,778

15,132

Rio Tinto total bauxite production


8,604

8,462

8,067

8,726

9,178

24,589

25,971

 



Rio Tinto share of production

 


Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS


interest

2010

2010

2011

2011

2011

2010

2011

BORATES









Production ('000 tonnes B2O3 content)









Rio Tinto Minerals - borates

100%

141

113

120

144

127

388

390

COAL - hard coking









Rio Tinto Coal Australia ('000 tonnes)









Hail Creek Coal

82%

1,709

1,708

854

1,457

1,906

4,182

4,217

Kestrel Coal

80%

726

571

774

318

867

2,505

1,960

Rio Tinto total hard coking coal production


2,434

2,279

1,628

1,775

2,774

6,688

6,177

COAL - semi-soft coking









Rio Tinto Coal Australia ('000 tonnes)









Hunter Valley

76%

257

443

210

318

364

1,426

891

Mount Thorley

61%

191

173

334

309

330

711

973

Warkworth

42%

19

180

147

63

39

142

249

Rio Tinto total semi-soft coking coal production


468

797

691

689

733

2,278

2,113

COAL - thermal









Rio Tinto Coal Australia ('000 tonnes)









Bengalla

30%

337

503

453

406

393

1,156

1,252

Blair Athol Coal

71%

1,260

492

521

414

471

4,354

1,406

Clermont (d)

50%

560

1,064

595

1,032

484

825

2,111

Hunter Valley

76%

1,675

1,969

1,721

2,157

2,145

4,422

6,023

Kestrel Coal

80%

141

104

86

30

84

466

200

Mount Thorley

61%

183

459

178

136

311

461

626

Warkworth

42%

538

562

468

583

686

1,592

1,736

Total Australian thermal coal


4,694

5,154

4,022

4,758

4,575

13,276

13,355










US Coal ('000 tonnes)









Colowyo (e)

100%

684

599

492

339

721

1,772

1,552

Rio Tinto total thermal coal production


5,378

5,753

4,514

5,097

5,296

15,048

14,907

 



Rio Tinto share of production

 


Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS


interest

2010

2010

2011

2011

2011

2010

2011

COPPER









Mine production ('000 tonnes) (a)









Bingham Canyon

100%

65.2

68.5

60.4

45.6

41.9

181.3

147.9

Escondida

30%

73.3

76.2

61.7

56.1

44.7

227.1

162.5

Grasberg - Joint Venture (f)

40%

2.2

21.4

5.0

5.0

1.6

29.4

11.5

Northparkes

80%

8.1

8.0

9.3

9.7

10.6

23.2

29.6

Palabora

58%

10.9

11.1

10.0

10.8

10.5

31.9

31.2

Rio Tinto total mine production


159.7

185.2

146.3

127.2

109.3

492.9

382.7

Refined production ('000 tonnes)









Escondida

30%

23.5

24.6

23.2

22.2

17.2

65.4

62.6

Kennecott Utah Copper

100%

74.8

64.8

63.5

57.7

45.2

204.5

166.5

Palabora

58%

8.5

10.1

8.5

10.0

5.9

23.3

24.4

Rio Tinto total refined production


106.7

99.5

95.2

89.9

68.3

293.3

253.5

DIAMONDS









Production ('000 carats)









Argyle

100%

2,425

2,243

1,641

1,580

2,302

7,561

5,523

Diavik

60%

1,070

926

812

1,074

1,160

2,974

3,046

Murowa

78%

42

30

45

80

72

108

198

Rio Tinto total diamond production


3,536

3,199

2,498

2,733

3,534

10,643

8,766

GOLD









Mine production ('000 ounces) (a)









Barneys Canyon

100%

0.4

0.4

0.4

0.4

0.4

1.6

1.2

Bingham Canyon

100%

104

96

101

100

92

370

293

Escondida

30%

14

13

11

10

6

39

28

Grasberg - Joint Venture (f)

40%

53

67

48

41

53

117

142

Northparkes

80%

14

13

15

15

16

39

45

Palabora

58%

2

2

2

2

2

5

5

Rio Tinto total mine production


187

191

177

168

169

572

515

Refined production ('000 ounces)









Kennecott Utah Copper

100%

164

112

99

105

88

484

292

 



Rio Tinto share of production

 


Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS


interest

2010

2010

2011

2011

2011

2010

2011

IRON ORE & IRON









Production ('000 tonnes) (a)









Hamersley - six wholly owned mines

100%

30,334

31,151

26,956

31,235

30,908

81,555

89,099

Hamersley - Channar

60%

1,312

1,757

1,483

1,752

1,688

4,852

4,922

Hamersley - Eastern Range

(g)

2,182

2,198

1,974

2,142

2,587

7,008

6,703

Hope Downs

50%

3,554

4,201

3,394

4,099

4,237

11,659

11,730

Iron Ore Company of Canada

59%

2,280

2,204

1,495

1,958

2,421

6,433

5,874

Robe River

53%

7,947

8,539

6,574

7,665

7,994

23,071

22,233

Rio Tinto total mine production


47,608

50,050

41,876

48,851

49,834

134,579

140,561

Breakdown: Pilbara Blend Lump


11,061

12,746

10,731

12,412

12,819

33,030

35,962

Pilbara Blend Fines


15,852

16,753

13,898

16,326

17,332

43,194

47,556

Robe Valley Lump


1,431

1,453

1,094

1,324

1,420

4,116

3,837

Robe Valley Fines


2,814

3,089

2,370

2,910

3,015

7,919

8,295

Yandicoogina Fines (HIY)


14,170

13,804

12,288

13,920

12,829

39,888

39,036

IOC Pellets


412

514

0

762

1,111

1,129

1,873

IOC Concentrates


1,868

1,690

1,495

1,197

1,309

5,305

4,001

MOLYBDENUM









Mine production ('000 tonnes) (a)









Bingham Canyon

100%

2.7

4.2

3.7

4.3

3.4

8.7

11.3

SALT









Production ('000 tonnes)









Dampier Salt

68%

1,115

1,427

1,148

1,732

1,797

3,761

4,677

SILVER









Mine production ('000 ounces) (a)









Bingham Canyon

100%

845

893

777

788

668

2,861

2,233

Escondida

30%

469

465

392

349

236

1,377

978

Grasberg - Joint Venture (f)

40%

159

367

5

4

33

322

42

Others

-

121

124

123

140

151

339

413

Rio Tinto total mine production


1,595

1,849

1,297

1,281

1,088

4,898

3,666

Refined production ('000 ounces)









Kennecott Utah Copper

100%

1,207

1,094

903

868

664

3,638

2,436

TALC









Production ('000 tonnes)









Rio Tinto Minerals - talc (h)

0%

259

237

251

257

84

763

592

TITANIUM DIOXIDE FEEDSTOCK









Production ('000 tonnes)









Rio Tinto Iron & Titanium

100%

335

373

329

352

381

1,019

1,063

 



Rio Tinto share of production

 

 

Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS

 

interest

2010

2010

2011

2011

2011

2010

2011

URANIUM

 

 




 


 

Production ('000 lbs U3O8)

 








Energy Resources of Australia

68%

1,421

1,912

577

163

1,532

3,979

2,272

Rössing

69%

1,354

1,363

851

877

841

4,122

2,568

Rio Tinto total uranium production

 

2,776

3,276

1,427

1,040

2,373

8,101

4,840

Production data notes

 

(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 pellets.

(b)           Bauxite production at non-managed mines has been restated from a wet to a dry tonne basis, in line with the tonnes shown for Rio Tinto managed operations.

(c)           Rio Tinto has a 22.95% shareholding in the Sangaredi mine but receives 45.0% of production under the partnership agreement.

(d)           Production commenced at Clermont in the second quarter of 2010.

(e)           In September 2011, Rio Tinto signed an agreement to sell the Colowyo mine.

(f)            Through a joint venture agreement with Freeport-McMoRan Copper & Gold (FCX), Rio Tinto is entitled to 40% of additional material mined as a consequence of expansions and developments of the Grasberg facilities since 1998. Rio Tinto's share of production reflects actual production for the periods shown.

(g)           Rio Tinto's share of production includes 100% of the production from the Eastern Range mine. Under the terms of the joint venture agreement, Hamersley Iron manages the operation and is obliged to purchase all mine production from the joint venture.

(h)           Rio Tinto sold its 100% interest in the talc business with an effective date of 1 August 2011. Production data are shown up to that date.

The Rio Tinto percentage interest shown above is at 30 September 2011.

 

Rio Tinto's interests in the Brockville specialty alumina plant, Awaso, Rawhide, Antelope, Cordero Rojo, Decker and Spring Creek mines were sold in 2010. No data for these operations are included in the Share of Production table.



Rio Tinto operational data

 


Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS


interest

2010

2010

2011

2011

2011

2010

2011

ALUMINIUM









Rio Tinto Alcan









Bauxite Mines









Bauxite production ('000 tonnes)









Australia









Gove mine - Northern Territory

100.0%

1,771

1,771

1,665

1,805

1,860

5,419

5,330

Weipa mine - Queensland

100.0%

4,962

4,813

4,668

5,061

5,403

13,778

15,132

Brazil









Porto Trombetas (MRN) mine (a)

12.0%

4,154

4,153

3,779

3,872

3,786

11,282

11,436

Ghana









Awaso mine (a) (b)

0.0%

-

-

-

-

-

39

-

Guinea









Sangaredi mine (a) (c)

23.0%

3,051

3,066

2,846

3,099

3,248

8,974

9,193

Rio Tinto Alcan share of bauxite shipments







Share of bauxite shipments ('000 tonnes) (a) (d)

8,421

8,546

8,018

8,870

9,099

24,375

25,987

(a)           Bauxite production and shipments at non-managed mines have been restated from a wet to a dry tonne basis, in line with the tonnes shown for Rio Tinto managed operations.

(b)           Rio Tinto Alcan had an 80% interest in the Awaso mine but purchased the additional 20% of production. Rio Tinto Alcan sold its interest in Ghana Bauxite Company, owner of the Awaso mine, with an effective date of 1 February 2010. Production data are shown up to that date.

(c)           Rio Tinto has a 22.95% shareholding in the Sangaredi mine but receives 45.0% of production under the partnership agreement.

(d)           Bauxite shipments include ore used internally by the refinery at Gove.


Smelter-Grade Alumina Refineries


642





Alumina production ('000 tonnes)







Australia







Gove refinery - Northern Territory

100.0%

642

621

608

665

619

1,852

1,892

Queensland Alumina Refinery - Queensland

80.0%

745

845

831

2,896

2,421

Yarwun refinery - Queensland

100.0%

364

359

338

301

354

1,018

993

Brazil









São Luis (Alumar) refinery

10.0%

676

737

821

846

855

1,770

2,522

Canada









Jonquière (Vaudreuil) refinery - Quebec (a)

100.0%

340

335

334

340

337

966

1,012

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

Rio Tinto percentage interest shown above is at 30 September 2011. The data represent full production and sales on a 100% basis unless otherwise stated.



Rio Tinto operational data

 


Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS


interest

2010

2010

2011

2011

2011

2010

2011

ALUMINIUM (continued)









Specialty Alumina Plants









Specialty alumina production ('000 tonnes)








Canada









Brockville plant - Ontario (a)

0.0%

4

-

-

-

-

13

-

Jonquière (Vaudreuil) plant - Quebec

100.0%

31

26

27

30

27

84

84

France









Beyrède plant

100.0%

4

5

7

6

6

14

19

Gardanne plant 

100.0%

114

119

111

123

128

318

362

La Bâthie plant  

100.0%

7

6

7

7

7

19

21

Germany









Teutschenthal plant

100.0%

7

7

6

8

7

19

21

Aluminium Smelters









Primary aluminium production ('000 tonnes)








Australia









Bell Bay smelter - Tasmania

100.0%

45

45

45

45

45

132

135

Boyne Island smelter - Queensland

59.4%

141

140

137

139

140

418

416

Tomago smelter - New South Wales

51.6%

134

134

130

135

137

394

402

Cameroon









Alucam (Edéa) smelter

46.7%

21

23

15

15

19

52

49

Canada









Alma smelter - Quebec

100.0%

109

110

108

107

109

324

324

Alouette (Sept-Îles) smelter - Quebec

40.0%

141

145

142

143

146

424

432

Arvida smelter - Quebec

100.0%

44

44

43

44

44

130

131

Bécancour smelter - Quebec

25.1%

104

103

102

107

104

313

312

Grande-Baie smelter - Quebec

100.0%

55

55

55

56

56

163

167

Kitimat smelter - British Columbia

100.0%

44

40

41

41

42

145

124

Laterrière smelter - Quebec

100.0%

38

58

57

59

59

154

175

Shawinigan smelter - Quebec

100.0%

25

24

24

25

25

75

74

France









Dunkerque smelter

100.0%

65

67

65

62

56

194

183

Saint-Jean-de-Maurienne smelter

100.0%

24

24

24

25

25

73

74

 

Rio Tinto percentage interest shown above is at 30 September 2011. The data represent full production and sales on a 100% basis unless otherwise stated.

 



Rio Tinto operational data

 


Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS


interest

2010

2010

2011

2011

2011

2010

2011

ALUMINIUM (continued)









Iceland









ISAL (Reykjavik) smelter

100.0%

48

48

46

47

46

142

138

New Zealand









Tiwai Point smelter

79.4%

88

88

86

89

91

256

266

Norway









SØRAL (Husnes) smelter

50.0%

22

22

22

22

22

66

67

Oman









Sohar smelter

20.0%

93

94

92

93

94

274

279

United Kingdom









Lochaber smelter

100.0%

11

11

11

11

12

31

34

Lynemouth smelter

100.0%

38

39

41

44

45

106

130

United States









Sebree smelter - Kentucky

100.0%

48

50

49

49

48

146

146

Rio Tinto Alcan share of metal sales








Share of primary aluminium sales

('000 tonnes) (b)


1,249

1,285

1,055

1,116

1,116

3,775

3,287

 

(a)           Rio Tinto sold its 100% interest in the Brockville specialty alumina plant with an effective date of 20 September 2010.

(b)           In 2010, the aluminium sales included sales made through Rio Tinto Alcan's Engineered Products division. In 2011, these sales are no longer included, following the disposal of 61% of the Engineered Products division in January 2011.

 

 

BORATES









Rio Tinto Minerals - borates

100.0%








California, US and Argentina









Borates ('000 tonnes) (a)


141

113

120

144

127

388

390

 

(a)           Production is expressed as B2O3 content.

 

 

Rio Tinto percentage interest shown above is at 30 September 2011. The data represent full production and sales on a 100% basis unless otherwise stated.



Rio Tinto operational data

 


Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS


interest

2010

2010

2011

2011

2011

2010

2011

COAL









Rio Tinto Coal Australia









Bengalla mine

30.3%








New South Wales, Australia









Thermal coal production ('000 tonnes)

1,112

1,660

1,494

1,340

1,299

3,818

4,134

Blair Athol Coal mine

71.2%








Queensland, Australia









Thermal coal production ('000 tonnes)

1,769

691

731

582

661

6,112

1,974

Clermont Coal mine (a)

50.1%








Queensland, Australia









Thermal coal production ('000 tonnes)

1,117

2,124

1,187

2,060

966

1,646

4,213

Hail Creek Coal mine

82.0%








Queensland, Australia









Hard coking coal production ('000 tonnes)

2,084

2,082

1,042

1,776

2,325

5,101

5,143

Hunter Valley Operations

75.7%








New South Wales, Australia









Semi-soft coking coal production ('000 tonnes)

340

586

277

419

481

1,883

1,177

Thermal coal production ('000 tonnes)

2,213

2,601

2,274

2,849

2,833

5,841

7,956

Kestrel Coal mine (b)

80.0%








Queensland, Australia









Hard coking coal production ('000 tonnes)

907

714

968

398

1,084

3,132

2,449

Thermal coal production ('000 tonnes)

176

130

108

37

106

583

250

Mount Thorley Operations

60.6%








New South Wales, Australia









Semi-soft coking coal production ('000 tonnes)

316

286

552

510

545

1,174

1,606

Thermal coal production ('000 tonnes)

302

757

294

225

414

761

1,033

 

 

Rio Tinto percentage interest shown above is at 30 September 2011. The data represent full production and sales on a 100% basis unless otherwise stated.



Rio Tinto operational data

 


Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS


interest

2010

2010

2011

2011

2011

2010

2011

COAL (continued)









Warkworth mine

42.1%








New South Wales, Australia









Semi-soft coking coal production ('000 tonnes)

46

428

349

150

93

336

591

Thermal coal production ('000 tonnes)

1,279

1,337

1,112

1,385

1,631

3,784

4,128










Total hard coking coal production ('000 tonnes)

2,991

2,796

2,009

2,174

3,409

8,232

7,592

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

701

1,299

1,178

1,079

1,118

3,394

3,374

Total thermal coal production ('000 tonnes)

7,968

9,300

7,200

8,479

8,009

22,544

23,688

Total coal production ('000 tonnes)

11,660

13,396

10,387

11,731

12,537

34,170

34,655










Total coal sales ('000 tonnes)

12,611

13,671

10,607

11,669

11,687

33,520

33,963









Rio Tinto Coal Australia share








Share of hard coking coal sales ('000 tonnes) (b)

2,459

2,996

1,644

1,880

2,253

6,504

5,776

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

607

735

703

609

795

2,242

2,108

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

4,981

4,852

4,095

4,716

4,300

12,989

13,111

 

(a)        Production commenced at Clermont in the second quarter of 2010.

(b)       Kestrel produces hard-coking coal and thermal coal through its mining operations. These coals may be blended at ports; blended coal sales are included in hard-coking coal sales.

(c)        Sales relate only to coal mined by the operations and exclude traded coal.

 

Rio Tinto percentage interest shown above is at 30 September 2011. The data represent full production and sales on a 100% basis unless otherwise stated.



Rio Tinto operational data

 


Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS


interest

2010

2010

2011

2011

2011

2010

2011

COAL (continued)









US Coal









Antelope mine (a)

0.0%








Wyoming, US









Thermal coal production ('000 tonnes)


8,602

6,777

-

-

-

24,378

-

Colowyo mine (b)

100.0%








Colorado, US









Thermal coal production ('000 tonnes)


684

599

492

339

721

1,772

1,552

Cordero Rojo mine (a)

0.0%








Wyoming, US









Thermal coal production ('000 tonnes)


9,389

6,945

-

-

-

26,573

-

Decker mine (a)

0.0%








Montana, US









Thermal coal production ('000 tonnes)


709

639

-

-

-

1,882

-

Spring Creek mine (a)

0.0%








Montana, US









Thermal coal production ('000 tonnes)


4,768

3,806

-

-

-

12,920

-










Total coal production ('000 tonnes)


24,151

18,767

492

339

721

67,525

1,552

 

(a)           As a result of the initial public offering of Cloud Peak Energy Inc. on 20 November 2009, Rio Tinto held a 48.3% interest in the Antelope, Cordero Rojo and Spring Creek mines and a 24.1% interest in the Decker mine. These interests were formerly reported under Rio Tinto Energy America but are now managed by Cloud Peak Energy. Following a secondary public offering in December 2010, Rio Tinto completed the divestment of its entire interest in Cloud Peak Energy Inc. with an effective date of 15 December 2010. Production data are shown up to that date.

(b)           In September 2011, Rio Tinto signed an agreement to sell the Colowyo mine.

 

Rio Tinto percentage interest shown above is at 30 September 2011. The data represent full production and sales on a 100% basis unless otherwise stated.



Rio Tinto operational data

 


Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS


interest

2010

2010

2011

2011

2011

2010

2011

COPPER & GOLD









Escondida

30.0%








Chile









Sulphide ore to concentrator ('000 tonnes)

19,697

18,789

15,993

16,399

12,029

55,105

44,420

Average copper grade (%)


1.24

1.26

1.15

1.06

0.97

1.31

1.07

Mill production (metals in concentrates):








Contained copper ('000 tonnes)


197.7

194.6

153.1

141.2

91.9

592.2

386.2

Contained gold ('000 ounces)


48

45

38

35

21

130

94

Contained silver ('000 ounces)


1,565

1,551

1,308

1,164

786

4,589

3,259

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

47

60

52

46

57

165

155

Refined production from leach plants:








Copper cathode production ('000 tonnes)

78

82

77

74

57

218

209

 

(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% (40% of the expansion)





Papua, Indonesia









Ore treated ('000 tonnes)


21,062

21,560

19,998

20,024

19,016

62,449

59,038

Average mill head grades:









Copper (%)


0.92

0.88

0.77

0.77

0.76

0.84

0.77

Gold (g/t)


0.92

1.17

0.89

0.79

1.03

0.81

0.90

Silver (g/t)


2.75

2.91

2.38

2.20

2.65

2.75

2.40

Production of metals in concentrates:









Copper in concentrates ('000 tonnes)

170.1

167.0

133.7

132.5

127.7

458.3

393.9

Gold in concentrates ('000 ounces)


528

687

473

406

510

1,338

1,389

Silver in concentrates ('000 ounces)


1,552

1,628

1,168

1,093

930

4,389

3,191

Sales of payable metals in concentrates: (b)








Copper in concentrates ('000 tonnes)

167.7

153.5

127.2

129.4

128.4

446.3

384.9

Gold in concentrates ('000 ounces)


517

625

476

396

506

1,317

1,377

Silver in concentrates ('000 ounces)


1,216

1,192

905

838

757

3,415

2,500

 

(a)           Through a joint venture agreement with Freeport-McMoRan Copper & Gold (FCX), Rio Tinto is entitled to 40% of additional material mined as a consequence of expansions and developments of the Grasberg facilities since 1998. The 3Q 2011 results show the forecast from FCX's most recent five-year plan because FCX is not releasing its actual 100% operating data for 3Q 2011 until the release of its 2011 third-quarter results on 19 October 2011.

(b)           Net of smelter deductions.

Rio Tinto percentage interest shown above is at 30 September 2011. The data represent full production and sales on a 100% basis unless otherwise stated.



Rio Tinto operational data

 


Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS


interest

2010

2010

2011

2011

2011

2010

2011

COPPER & GOLD (continued)









Kennecott Minerals Company









Rawhide mine (a)

0%








Nevada, US









Metals produced in doré:









Gold ('000 ounces)


-

-

-

-

-

9

-

Silver ('000 ounces)


-

-

-

-

-

114

-

(a)   Rio Tinto sold its 100% interest in the Rawhide mine with an effective date of 25 June 2010. Production data are shown up to that date

 

Kennecott Utah Copper









Barneys Canyon mine (a)

100.0%








Utah, US









Gold produced ('000 ounces)


0.4

0.4

0.4

0.4

0.4

1.6

1.2

Bingham Canyon mine

100.0%








Utah, US









Ore treated ('000 tonnes)


13,396

13,582

13,600

13,747

12,230

39,969

39,577

Average ore grade:









Copper (%)


0.55

0.57

0.51

0.38

0.39

0.52

0.43

Gold (g/t)


0.35

0.31

0.33

0.30

0.31

0.41

0.31

Silver (g/t)


2.75

2.70

2.24

2.21

2.23

2.86

2.23

Molybdenum (%)


0.043

0.054

0.046

0.050

0.043

0.041

0.047

Copper concentrates produced ('000 tonnes)

258

263

240

170

176

705

587

Average concentrate grade (% Cu)

25.1

26.0

25.1

26.5

23.7

25.6

25.1

Production of metals in copper concentrates:








Copper ('000 tonnes) (b)


65.2

68.5

60.4

45.6

41.9

181.3

147.9

Gold ('000 ounces)


104

96

101

100

92

370

293

Silver ('000 ounces)


845

893

777

788

668

2,861

2,233

Molybdenum concentrates produced ('000 tonnes):

5.3

7.9

6.9

8.0

6.4

16.8

21.3

Molybdenum in concentrates ('000 tonnes)

2.7

4.2

3.7

4.3

3.4

8.7

11.3

(a)           Mining operations ceased in the first quarter of 2002. Gold continues to be recovered from leach pads.

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

Rio Tinto percentage interest shown above is at 30 September 2011. The data represent full production and sales on a 100% basis unless otherwise stated.



Rio Tinto operational data

 


Rio Tinto

2Q

3Q

9 MTHS

9 MTHS


interest

2010

2010

2011

2011

2011

2010

2011

COPPER & GOLD (continued)









Kennecott smelter & refinery

100.0%





Copper concentrates smelted ('000 tonnes)


205

167

732

636

Copper anodes produced ('000 tonnes) (a)


48.3

34.5

206.9

152.9

Production of refined metal:






Copper ('000 tonnes)


57.7

45.2

204.5

166.5

Gold  ('000 ounces) (b)


105

88

484

292

Silver ('000 ounces) (b)


868

664

3,638

2,436

(a)           New metal excluding recycled material

(b)           Includes gold and silver in intermediate products.

 

Northparkes Joint Venture

80.0%








New South Wales, Australia









Ore treated ('000 tonnes)

1,282

1,298

1,302

1,330

1,439

3,950

4,070

Average ore grades:








Copper (%)


0.86

0.84

0.97

0.97

1.03

0.81

0.99

Gold (g/t)


0.55

0.50

0.56

0.55

0.55

0.52

0.55

Copper concentrates produced ('000 tonnes)

30.2

30.2

33.4

33.8

39.7

85.9

107.0

Contained copper in concentrates:








Saleable production ('000 tonnes)


10.1

10.0

11.6

12.1

13.3

29.0

37.0

Sales ('000 tonnes) (a)


8.4

11.3

5.4

8.7

8.4

20.4

22.6

Contained gold in concentrates:








Saleable production ('000 ounces)


17.3

16.1

18.5

18.3

19.4

49.2

56.2

Sales ('000 ounces) (a)


15.5

18.8

8.8

13.5

12.5

37.0

34.8

(a)           Rio Tinto's 80% share of material from the Joint Venture.

 

Rio Tinto percentage interest shown above is at 30 September 2011. The data represent full production and sales on a 100% basis unless otherwise stated.

 

 



Rio Tinto operational data

 


Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS

interest

2010

2010

2011

2011

2011

2010

2011

COPPER & GOLD (continued)









Palabora

57.7%








Palabora mine









South Africa









Ore treated ('000 tonnes)

2,887

3,126

2,845

2,964

3,133

8,531

8,942

Average ore grade: copper (%)

0.64

0.63

0.66

0.65

0.63

0.65

0.65

Copper concentrates produced ('000 tonnes)

61.1

65.2

58.4

61.2

58.2

180.7

177.8

Average concentrate grade: copper (%)

31.0

29.5

29.5

30.7

31.2

30.6

30.5

Copper in concentrates ('000 tonnes)

18.9

19.3

17.3

18.7

18.1

56.3

54.1

Palabora smelter/refinery









New concentrate smelted on site ('000 tonnes)

61.4

62.1

62.3

62.6

45.4

178.7

170.3

New copper anodes produced ('000 tonnes)

14.3

14.4

14.7

18.3

10.8

41.3

43.7

Refined new copper produced ('000 tonnes)

14.7

17.5

14.8

17.3

10.3

40.5

42.4

By-products:









Magnetite concentrate ('000 tonnes)

764

695

880

820

744

2,299

2,444

Nickel contained in products (tonnes)

15

24

27

28

23

48

78

Vermiculite plant









Vermiculite produced ('000 tonnes)

51

45

43

51

48

151

143

 

DIAMONDS









Argyle Diamonds

100.0%








Western Australia









AK1 ore processed ('000 tonnes)


1,790

1,749

1,487

1,635

1,760

5,525

4,882

AK1 diamonds produced ('000 carats)


2,425

2,243

1,641

1,580

2,302

7,561

5,523

Diavik Diamonds

60.0%








Northwest Territories, Canada









Ore processed ('000 tonnes)


626

555

487

542

645

1,536

1,674

Diamonds recovered ('000 carats)


1,783

1,543

1,353

1,790

1,934

4,957

5,076

Murowa Diamonds

77.8%








Zimbabwe









Ore processed ('000 tonnes)


100

87

81

119

139

297

339

Diamonds recovered ('000 carats)


53

39

58

103

93

139

254

 

Rio Tinto percentage interest shown above is at 30 September 2011. The data represent full production and sales on a 100% basis unless otherwise stated.

 



Rio Tinto operational data

 


Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS


interest

2010

2010

2011

2011

2011

2010

2011

IRON ORE & IRON









Rio Tinto Iron Ore









Pilbara Operations









Western Australia









Saleable iron ore production ('000 tonnes):








Hamersley - Paraburdoo, Mount Tom

Price, Marandoo, Yandicoogina,

Brockman and Nammuldi

100.0%

30,334

31,151

26,956

31,235

30,908

81,555

89,099

Hamersley - Channar

60.0%

2,186

2,929

2,471

2,919

2,813

8,087

8,204

Hamersley - Eastern Range

(a)

2,182

2,198

1,974

2,142

2,587

7,008

6,703

Hope Downs

50.0%

7,108

8,401

6,788

8,199

8,473

23,319

23,460

Robe River - Pannawonica

(Mesas J and A)

53.0%

8,010

8,571

6,535

7,989

8,367

22,707

22,891

Robe River - West Angelas

53.0%

6,985

7,541

5,869

6,472

6,716

20,823

19,058

Total production ('000 tonnes)


56,804

60,790

50,593

58,956

59,864

163,499

169,414

Breakdown: Pilbara Blend Lump


14,294

16,369

13,697

15,865

16,214

43,128

45,775

Pilbara Blend Fines


20,331

22,046

18,073

21,183

22,455

57,777

61,711

Robe Valley Lump


2,700

2,742

2,063

2,498

2,679

7,776

7,241

Robe Valley Fines


5,309

5,828

4,472

5,491

5,688

14,941

15,650

Yandicoogina Fines (HIY)


14,170

13,804

12,288

13,920

12,829

39,888

39,036










Total sales ('000 tonnes) (b)


55,891

58,216

49,874

54,589

59,501

164,484

163,964

Breakdown: Pilbara Blend Lump


12,348

13,489

11,813

12,607

13,567

38,080

37,987

Pilbara Blend Fines


22,099

22,562

19,287

21,309

24,259

64,295

64,855

Robe Valley Lump


2,420

2,786

1,954

2,109

2,299

6,804

6,363

Robe Valley Fines


5,380

6,220

4,785

5,611

5,981

15,607

16,377

Yandicoogina Fines (HIY)


13,644

13,159

12,035

12,953

13,395

39,697

38,382

(a)           Rio Tinto owns 54% of the Eastern Range mine. Under the terms of the joint venture agreement, Hamersley Iron manages the operation and is obliged to purchase all mine production from the joint venture and therefore all of the production is included in Rio Tinto's share of production.

(b)           Sales represent iron ore exported from Western Australian ports.

Iron Ore Company of Canada

58.7%








Newfoundland & Labrador and Quebec in Canada







Saleable iron ore production:









Concentrates ('000 tonnes)


702

876

0

1,297

1,892

1,922

3,189

Pellets ('000 tonnes)


3,181

2,878

2,546

2,038

2,230

9,034

6,814

Sales:









Concentrate ('000 tonnes)


796

821

281

1,051

1,940

2,194

3,272

Pellets ('000 tonnes)


2,406

3,974

2,273

1,898

2,243

8,078

6,414

 

Rio Tinto percentage interest shown above is at 30 September 2011. The data represent full production and sales on a 100% basis unless otherwise stated.

 

Rio Tinto operational data

 


Rio Tinto

3Q

4Q

1Q

2Q

3Q

9 MTHS

9 MTHS


interest

2010

2010

2011

2011

2011

2010

2011

SALT









Dampier Salt

68.4%








Western Australia









Salt production ('000 tonnes)


1,630

2,088

1,679

2,534

2,628

5,501

6,841

TALC









Rio Tinto Minerals - talc (a)

0.0%








Australia, Europe, and North America








Talc production ('000 tonnes)


259

237

251

257

84

763

592

(a)           Rio Tinto sold its 100% interest in the talc business with an effective date of 1 August 2011.  Production data are shown up to that date.

 

TITANIUM DIOXIDE FEEDSTOCK









Rio Tinto Iron & Titanium

100.0%








Canada and South Africa (a)









(Rio Tinto share)









Titanium dioxide feedstock production ('000 tonnes)

335

373

329

352

381

1,019

1,063

(a)           Quantities comprise 100% of Rio Tinto Fer et Titane and 37% of Richards Bay Minerals production. Ilmenite mined in Madagascar is being processed in Canada.

 

URANIUM









Energy Resources of Australia Ltd









Ranger mine

68.4%








Northern Territory, Australia









Production ('000 lbs U3O8)


2,078

2,796

843

238

2,241

5,818

3,322

Rössing Uranium Ltd

68.6%








Namibia









Production ('000 lbs U3O8)


1,974

1,988

1,240

1,279

1,226

6,011

3,745

 

 

 

Rio Tinto percentage interest shown above is at 30 September 2011. 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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