REG - Rio Tinto - 3rd Quarter Results 2014 <Origin Href="QuoteRef">RIO.L</Origin> - Part 2
29/10/2014 12:02
- Part 2: For the preceding part double click ID:nRSO3228Ua
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS
interest 2013 2013 2014 2014 2014 2013 2014
MOLYBDENUM
Mine production ('000 tonnes) (e)
Bingham Canyon 100% 1.2 1.8 0.9 2.5 5.6 3.9 8.9
SALT
Production ('000 tonnes)
Dampier Salt 68% 1,586 1,886 1,586 1,788 1,567 4,842 4,942
SILVER
Mine production ('000 ounces) (e)
Bingham Canyon 100% 852 930 744 864 970 1,947 2,578
Escondida 30% 305 337 398 432 348 872 1,177
Grasberg - Joint Venture (j) 40% 0 0 0 0 0 0 0
Oyu Tolgoi (k) 34% 66 70 54 77 72 94 204
Rio Tinto total mine production 1,223 1,337 1,197 1,372 1,390 2,913 3,959
Refined production ('000 ounces)
Kennecott Utah Copper 100% 395 633 598 818 759 1,525 2,175
TITANIUM DIOXIDE FEEDSTOCK
Production ('000 tonnes)
Rio Tinto Iron & Titanium (m) 100% 373 361 389 372 365 1,261 1,127
URANIUM
Production ('000 lbs U3O8)
Energy Resources of Australia (n) 68% 920 758 0 0 853 3,704 853
Rössing 69% 948 735 644 455 615 2,907 1,714
Rio Tinto total uranium production 1,868 1,493 644 455 1,467 6,612 2,567
Production data notes:
(a) The curtailment of production at the Gove refinery was completed on 28 May 2014.
(b) The Shawinigan smelter ceased production on 29 November 2013.
(c) Rio Tinto started production at the Arvida AP60 Technology Centre in the fourth quarter of 2013.
(d) On 3 July 2014, Rio Tinto Alcan reached a binding agreement for the sale of its 50% interest in the SØRAL (Husnes) smelter.
(e) 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.
(f) Rio Tinto has a 22.95% shareholding in the Sangaredi mine but benefits from 45.0% of production.
(g) Rio Tinto completed the sale of Rio Tinto Coal Mozambique and its 65% interest in the Benga mine with an effective date of 7 October 2014.
(h) Rio Tinto sold its 50.1% interest in the Clermont mine with an effective date of 29 May 2014. Production is shown up to that date.
(i) Hail Creek commenced production of thermal coal from a processing plant by-product stream following completion of a successful trial in the third quarter of 2013.
(j) 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.
(k) Rio Tinto owns a 33.52% indirect interest in Oyu Tolgoi through its 50.79% interest in Turquoise Hill Resources Ltd. Production included in the table is from 1 May 2013.
(l) 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.
(m) Quantities comprise 100% of Rio Tinto Fer et Titane and Rio Tinto's 74% interest in Richards Bay Minerals (RBM).
(n) ERA production reported is 'drummed' U3O8.
The Rio Tinto percentage shown above is at 30 September 2014.
Rio Tinto's interest in the Northparkes and Palabora mines and the Saint-Jean-de-Maurienne and Sebree smelters were sold in 2013. 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 2013 2013 2014 2014 2014 2013 2014
ALUMINIUM
Rio Tinto Alcan - Bauxite
Bauxite production ('000 tonnes)
Australia
Gove mine - Northern Territory 100.0% 1,983 2,271 1,804 1,426 1,725 5,758 4,954
Weipa mine - Queensland 100.0% 6,971 6,787 6,116 6,363 6,844 19,554 19,322
Brazil
Porto Trombetas (MRN) mine 12.0% 4,214 4,376 3,649 3,918 4,177 11,353 11,743
Guinea
Sangaredi mine (a) 23.0% 3,978 4,107 3,747 4,189 4,043 11,330 11,979
Rio Tinto Alcan share of bauxite shipments
Share of bauxite shipments ('000 tonnes) 11,166 11,268 9,829 10,065 10,671 31,695 30,566
(a) Rio Tinto has a 22.95% shareholding in the Sangaredi mine but benefits from 45.0% of production.
Rio Tinto Alcan - Smelter Grade Alumina
Alumina production ('000 tonnes)
Australia
Queensland Alumina Refinery - Queensland 80.0% 868 903 872 835 926 2,481 2,632
Yarwun refinery - Queensland 100.0% 608 696 683 661 656 1,751 2,001
Brazil
São Luis (Alumar) refinery 10.0% 848 908 882 865 938 2,517 2,686
Canada
Jonquière (Vaudreuil) refinery - Quebec (a) 100.0% 353 378 360 352 358 1,061 1,070
(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 2014. 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 2013 2013 2014 2014 2014 2013 2014
ALUMINIUM (continued)
Rio Tinto Alcan - Specialty Alumina
Specialty alumina production ('000 tonnes)
Canada
Jonquière (Vaudreuil) plant - Quebec 100.0% 25 23 26 27 28 80 81
Rio Tinto Alcan - Primary Aluminium
Primary aluminium production ('000 tonnes)
Australia
Bell Bay smelter - Tasmania 100.0% 47 47 46 47 48 140 141
Boyne Island smelter - Queensland 59.4% 142 139 129 136 143 422 408
Tomago smelter - New South Wales 51.6% 139 139 136 139 142 405 417
Cameroon
Alucam (Edéa) smelter 46.7% 24 24 24 23 24 51 70
Canada
Alma smelter - Quebec 100.0% 111 113 112 111 116 327 339
Alouette (Sept-Îles) smelter - Quebec 40.0% 143 147 144 145 146 435 436
Arvida smelter - Quebec 100.0% 45 43 42 43 44 132 129
Arvida AP60 smelter - Quebec (a) 100.0% - 9 14 15 15 - 44
Bécancour smelter - Quebec 25.1% 110 109 111 111 110 326 332
Grande-Baie smelter - Quebec 100.0% 56 56 56 55 55 167 166
Kitimat smelter - British Columbia 100.0% 42 40 38 35 28 131 101
Laterrière smelter - Quebec 100.0% 62 61 60 61 62 177 182
Shawinigan smelter - Quebec (b) 100.0% 20 7 - - - 67 -
France
Dunkerque smelter 100.0% 66 68 67 67 68 190 202
Saint-Jean-de-Maurienne smelter (c) 0.0% 24 16 - - - 69 -
Iceland
ISAL (Reykjavik) smelter 100.0% 49 49 50 52 51 148 153
New Zealand
Tiwai Point smelter 79.4% 81 83 81 82 82 241 245
Norway
SØRAL (Husnes) smelter (d) 50.0% 22 23 23 23 23 66 69
Oman
Sohar smelter 20.0% 89 85 88 91 92 269 271
United Kingdom
Lochaber smelter 100.0% 11 11 10 10 10 34 31
(a) Rio Tinto started production at the Arvida AP60 Technology Centre in the fourth quarter of 2013.
(b) The Shawinigan smelter ceased production on 29 November 2013.
(c) Rio Tinto sold its 100% interest in the Saint-Jean-de-Maurienne smelter with an effective date of 16 December 2013. Production is shown up to that date.
(d) On 3 July 2014, Rio Tinto Alcan reached a binding agreement for the sale of its 50% interest in the SØRAL (Husnes) smelter.
Rio Tinto percentage interest shown above is at 30 September 2014. 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 2013 2013 2014 2014 2014 2013 2014
ALUMINIUM (continued)
Other Aluminium - Smelter Grade Alumina
Alumina production ('000 tonnes)
Australia
Gove refinery - Northern Territory (a) 100.0% 528 673 537 139 0 1,597 676
Other Aluminium - Primary Aluminium
Primary aluminium production ('000 tonnes)
USA
Sebree smelter - Kentucky (b) 0.0% - - - - - 87 -
(a) The curtailment of production at the Gove refinery was completed on 28 May 2014.
(b) Rio Tinto sold its 100% interest in the Sebree smelter with an effective date of 1 June 2013. Production is shown up to that date.
Rio Tinto percentage interest shown above is at 30 September 2014. 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 2013 2013 2014 2014 2014 2013 2014
BORATES
Rio Tinto Minerals - borates 100.0%
US and Argentina
Borates ('000 tonnes) (a) 127 121 126 133 127 374 385
(a) Production is expressed as B2O3 content.
COAL
Rio Tinto Coal Australia
Bengalla mine 32.0%
New South Wales
Thermal coal ('000 tonnes) 2,220 1,992 2,369 2,045 2,083 6,239 6,497
Clermont Coal mine (a) 0.0%
Queensland
Thermal coal ('000 tonnes) 3,499 2,986 2,567 2,265 - 8,797 4,832
Hail Creek Coal mine 82.0%
Queensland
Hard coking coal ('000 tonnes) 1,808 1,873 1,451 1,631 1,557 4,966 4,639
Thermal coal ('000 tonnes) (b) 25 166 390 420 856 25 1,665
Hunter Valley Operations 80.0%
New South Wales
Semi-soft coking coal ('000 tonnes) 582 659 539 481 365 1,975 1,385
Thermal coal ('000 tonnes) 2,912 2,533 2,937 2,728 3,415 8,469 9,080
Kestrel Coal mine 80.0%
Queensland
Hard coking coal ('000 tonnes) 760 908 781 613 621 1,646 2,014
Thermal coal ('000 tonnes) 66 75 88 109 56 388 253
Mount Thorley Operations 64.0%
New South Wales
Semi-soft coking coal ('000 tonnes) 377 477 554 570 496 1,369 1,620
Thermal coal ('000 tonnes) 411 547 596 665 780 1,810 2,041
Rio Tinto percentage interest shown above is at 30 September 2014. 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 2013 2013 2014 2014 2014 2013 2014
COAL (continued)
Warkworth mine 44.5%
New South Wales
Semi-soft coking coal ('000 tonnes) 96 202 339 345 80 1,079 763
Thermal coal ('000 tonnes) 2,403 1,779 1,439 1,692 1,598 5,216 4,729
Total hard coking coal production ('000 tonnes) 2,568 2,780 2,232 2,244 2,178 6,612 6,653
Total semi-soft coking coal production ('000 tonnes) 1,055 1,338 1,431 1,395 942 4,423 3,768
Total thermal coal production ('000 tonnes) 11,537 10,078 10,387 9,924 8,787 30,945 29,098
Total coal production ('000 tonnes) 15,161 14,196 14,050 13,563 11,906 41,980 39,519
Total coal sales ('000 tonnes) 14,481 15,027 14,014 13,569 11,409 40,797 38,992
Rio Tinto Coal Australia share (c)
Share of hard coking coal sales ('000 tonnes) 1,846 2,289 1,990 2,152 1,563 5,157 5,705
Share of semi-soft coal sales ('000 tonnes) (d) 806 1,048 820 803 790 2,902 2,413
Share of thermal coal sales ('000 tonnes) (d) 5,952 5,750 5,827 5,447 4,972 16,565 16,246
(a) Rio Tinto sold its 50.1% interest in the Clermont mine with an effective date of 29 May 2014. Production is shown up to that date.
(b) Hail Creek commenced production of thermal coal from a processing plant by-product stream following completion of a successful trial in the third quarter of 2013.
(c) Kestrel produces hard coking coal and thermal coal through its mining operations. These coals may be blended at ports.
(d) Sales relate only to coal mined by the operations and exclude traded coal.
Rio Tinto Coal Mozambique
Benga mine (a) 65.0%
Hard coking coal production ('000 tonnes) 249 228 91 288 236 640 615
Thermal coal production ('000 tonnes) 188 196 82 271 216 558 570
(a) Rio Tinto completed the sale of Rio Tinto Coal Mozambique and its 65% interest in the Benga mine with an effective date of 7 October 2014.
Rio Tinto percentage interest shown above is at 30 September 2014. 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 2013 2013 2014 2014 2014 2013 2014
COPPER & GOLD
Escondida 30.0%
Chile
Sulphide ore to concentrator ('000 tonnes) 18,276 19,584 21,051 21,438 20,652 56,535 63,140
Average copper grade (%) 1.37 1.30 1.12 1.33 1.20 1.41 1.22
Mill production (metals in concentrates):
Contained copper ('000 tonnes) 210.6 214.4 195.5 235.6 205.5 671.8 636.7
Contained gold ('000 ounces) 22 24 29 27 22 70 77
Contained silver ('000 ounces) 1,017 1,124 1,326 1,439 1,159 2,908 3,924
Recoverable copper in ore stacked for leaching ('000 tonnes) (a) 61.0 64.9 67.1 62.3 75.3 170.4 204.7
Refined production from leach plants:
Copper cathode production ('000 tonnes) 73.2 77.5 75.8 81.5 69.3 227.8 226.6
(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) 18,235 18,837 10,617 9,368 12,683 46,581 32,669
Average mill head grades:
Copper (%) 0.74 0.87 0.73 0.73 0.90 0.71 0.79
Gold (g/t) 0.65 0.99 0.79 0.65 1.33 0.57 0.96
Silver (g/t) 2.68 3.72 3.34 3.08 2.62 2.69 2.99
Production of metals in concentrates:
Copper in concentrates ('000 tonnes) 119.2 148.9 67.5 58.7 99.6 287.4 225.8
Gold in concentrates ('000 ounces) 306 517 215 147 431 660 793
Silver in concentrates ('000 ounces) 1,069 1,479 558 499 604 2,389 1,661
Sales of payable metals in concentrates: (c)
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