REG - Rio Tinto - Rio Tinto delivers very strong first half <Origin Href="QuoteRef">RIO.L</Origin> - Part 2
06/09/2014 16:38
- Part 2: For the preceding part double click ID:nRSP4232Ma
production ('000 ounces) (e)
Bingham Canyon 100% 431 852 930 744 864 1,094 1,608
Escondida 30% 306 305 337 398 432 567 829
Grasberg - Joint Venture (i) 40% 0 0 0 0 0 0 0
Oyu Tolgoi (j) 34% 28 66 70 54 77 28 131
Rio Tinto total mine production 766 1,223 1,337 1,197 1,372 1,690 2,569
Refined production ('000 ounces)
Kennecott Utah Copper 100% 457 395 633 598 818 1,130 1,417
TITANIUM DIOXIDE FEEDSTOCK
Production ('000 tonnes)
Rio Tinto Iron & Titanium (l) 100% 461 373 361 389 372 888 762
Rio Tinto share of production
Rio Tinto 2Q 3Q 4Q 1Q 2Q 1H 1H
interest 2013 2013 2013 2014 2014 2013 2014
URANIUM
Production ('000 lbs U3O8)
Energy Resources of Australia (m) 68% 1,433 920 758 0 0 2,785 0
Rössing 69% 976 948 735 644 455 1,959 1,099
Rio Tinto total uranium production 2,408 1,868 1,493 644 455 4,744 1,099
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 sold its 50.1% interest in the Clermont mine with an effective date of 29 May 2014. Production is shown up to that date
(h) Hail Creek commenced production of thermal coal from reprocessed coking coal reject following completion of a successful trial in the third quarter of 2013.
(i) 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.
(j) 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.
(k) 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.
(l) Quantities comprise 100% of Rio Tinto Fer et Titane and Rio Tinto's 74% interest in Richards Bay Minerals (RBM).
(m) ERA production has been restated from 'produced ready for packing' to 'drummed' U3O8, in line with production reported by Energy Resources of Australia Ltd to the Australian Stock Exchange (ASX).
The Rio Tinto percentage shown above is at 30 June 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 2Q 3Q 4Q 1Q 2Q 1H 1H
interest 2013 2013 2013 2014 2014 2013 2014
ALUMINIUM
Rio Tinto Alcan - Bauxite
Bauxite production ('000 tonnes)
Australia
Gove mine - Northern Territory 100.0% 1,857 1,983 2,271 1,804 1,426 3,775 3,230
Weipa mine - Queensland 100.0% 6,800 6,971 6,787 6,116 6,363 12,583 12,479
Brazil
Porto Trombetas (MRN) mine 12.0% 3,941 4,214 4,376 3,649 3,918 7,139 7,567
Guinea
Sangaredi mine (a) 23.0% 4,070 3,978 4,107 3,747 4,189 7,352 7,937
Rio Tinto Alcan share of bauxite shipments
Share of bauxite shipments ('000 tonnes) 11,148 11,166 11,268 9,829 10,065 20,529 19,895
(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% 872 868 903 872 835 1,613 1,706
Yarwun refinery - Queensland 100.0% 620 608 696 683 661 1,143 1,344
Brazil
São Luis (Alumar) refinery 10.0% 836 848 908 882 865 1,669 1,747
Canada
Jonquière (Vaudreuil) refinery - Quebec (a) 100.0% 346 353 378 360 352 708 713
(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 June 2014. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 2Q 3Q 4Q 1Q 2Q 1H 1H
interest 2013 2013 2013 2014 2014 2013 2014
ALUMINIUM (continued)
Rio Tinto Alcan - Specialty Alumina
Specialty alumina production ('000 tonnes)
Canada
Jonquière (Vaudreuil) plant - Quebec 100.0% 30 25 23 26 27 55 53
Rio Tinto Alcan - Primary Aluminium
Primary aluminium production ('000 tonnes)
Australia
Bell Bay smelter - Tasmania 100.0% 47 47 47 46 47 93 93
Boyne Island smelter - Queensland 59.4% 140 142 139 129 136 280 265
Tomago smelter - New South Wales 51.6% 134 139 139 136 139 267 275
Cameroon
Alucam (Edéa) smelter 46.7% 16 24 24 24 23 28 47
Canada
Alma smelter - Quebec 100.0% 110 111 113 112 111 216 223
Alouette (Sept-Îles) smelter - Quebec 40.0% 146 143 147 144 145 293 290
Arvida smelter - Quebec 100.0% 44 45 43 42 43 87 85
Arvida AP60 smelter - Quebec (a) 100.0% - - 9 14 15 - 29
Bécancour smelter - Quebec 25.1% 108 110 109 111 111 215 222
Grande-Baie smelter - Quebec 100.0% 56 56 56 56 55 111 111
Kitimat smelter - British Columbia 100.0% 44 42 40 38 35 89 73
Laterrière smelter - Quebec 100.0% 60 62 61 60 61 116 121
Shawinigan smelter - Quebec (b) 100.0% 24 20 7 - - 47 -
France
Dunkerque smelter 100.0% 60 66 68 67 67 124 134
Saint-Jean-de-Maurienne smelter (c) 0.0% 23 24 16 - - 45 -
Iceland
ISAL (Reykjavik) smelter 100.0% 50 49 49 50 52 99 102
New Zealand
Tiwai Point smelter 79.4% 78 81 83 81 82 160 163
Norway
SØRAL (Husnes) smelter (d) 50.0% 22 22 23 23 23 44 45
Oman
Sohar smelter 20.0% 91 89 85 88 91 180 178
United Kingdom
Lochaber smelter 100.0% 11 11 11 10 10 23 20
(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 June 2014. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 2Q 3Q 4Q 1Q 2Q 1H 1H
interest 2013 2013 2013 2014 2014 2013 2014
ALUMINIUM (continued)
Other Aluminium - Smelter Grade Alumina
Alumina production ('000 tonnes)
Australia
Gove refinery - Northern Territory (a) 100.0% 470 528 673 537 139 1,069 676
Other Aluminium - Primary Aluminium
Primary aluminium production ('000 tonnes)
USA
Sebree smelter - Kentucky (b) 0.0% 35 - - - - 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 June 2014. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 2Q 3Q 4Q 1Q 2Q 1H 1H
interest 2013 2013 2013 2014 2014 2013 2014
BORATES
Rio Tinto Minerals - borates 100.0%
US and Argentina
Borates ('000 tonnes) (a) 137 127 121 126 133 248 259
(a) Production is expressed as B2O3 content.
COAL
Rio Tinto Coal Australia
Bengalla mine 32.0%
New South Wales
Thermal coal ('000 tonnes) 2,254 2,220 1,992 2,369 2,045 4,019 4,414
Clermont Coal mine (a) 0.0%
Queensland
Thermal coal ('000 tonnes) 3,041 3,499 2,986 2,567 2,265 5,297 4,832
Hail Creek Coal mine 82.0%
Queensland
Hard coking coal ('000 tonnes) 1,674 1,808 1,873 1,451 1,631 3,158 3,082
Thermal coal ('000 tonnes) (b) - 25 166 390 420 - 810
Hunter Valley Operations 80.0%
New South Wales
Semi-soft coking coal ('000 tonnes) 579 582 659 539 481 1,393 1,020
Thermal coal ('000 tonnes) 3,191 2,912 2,533 2,937 2,728 5,557 5,665
Kestrel Coal mine 80.0%
Queensland
Hard coking coal ('000 tonnes) 483 760 908 781 613 885 1,393
Thermal coal ('000 tonnes) 111 66 75 88 109 322 197
Mount Thorley Operations 64.0%
New South Wales
Semi-soft coking coal ('000 tonnes) 569 377 477 554 570 992 1,124
Thermal coal ('000 tonnes) 645 411 547 596 665 1,399 1,261
Rio Tinto percentage interest shown above is at 30 June 2014. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 2Q 3Q 4Q 1Q 2Q 1H 1H
interest 2013 2013 2013 2014 2014 2013 2014
COAL (continued)
Warkworth mine 44.5%
New South Wales
Semi-soft coking coal ('000 tonnes) 719 96 202 339 345 982 683
Thermal coal ('000 tonnes) 1,229 2,403 1,779 1,439 1,692 2,813 3,132
Total hard coking coal production ('000 tonnes) 2,157 2,568 2,780 2,232 2,244 4,044 4,476
Total semi-soft coking coal production ('000 tonnes) 1,867 1,055 1,338 1,431 1,395 3,368 2,827
Total thermal coal production ('000 tonnes) 10,472 11,537 10,078 10,387 9,924 19,407 20,311
Total coal production ('000 tonnes) 14,496 15,161 14,196 14,050 13,563 26,819 27,613
Total coal sales ('000 tonnes) 14,056 14,481 15,027 14,014 13,569 26,315 27,583
Rio Tinto Coal Australia share (c)
Share of hard coking coal sales ('000 tonnes) 1,776 1,846 2,289 1,990 2,152 3,311 4,143
Share of semi-soft coal sales ('000 tonnes) (d) 981 806 1,048 820 803 2,096 1,623
Share of thermal coal sales ('000 tonnes) (d) 5,682 5,952 5,750 5,827 5,447 10,614 11,275
(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 reprocessed coking coal reject 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 65.0%
Hard coking coal production ('000 tonnes) 219 249 228 91 288 390 379
Thermal coal production ('000 tonnes) 202 188 196 82 271 370 354
Rio Tinto percentage interest shown above is at 30 June 2014. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 2Q 3Q 4Q 1Q 2Q 1H 1H
interest 2013 2013 2013 2014 2014 2013 2014
COPPER & GOLD
Escondida 30.0%
Chile
Sulphide ore to concentrator ('000 tonnes) 19,295 18,276 19,584 21,051 21,438 38,259 42,488
Average copper grade (%) 1.42 1.37 1.30 1.12 1.33 1.43 1.23
Mill production (metals in concentrates):
Contained copper ('000 tonnes) 231.9 210.6 214.4 195.5 235.6 461.2 431.2
Contained gold ('000 ounces) 24 22 24 29 27 48 55
Contained silver ('000 ounces) 1,021 1,017 1,124 1,326 1,439 1,891 2,765
Recoverable copper in ore stacked for leaching ('000 tonnes) (a) 53.5 61.0 64.9 67.1 62.3 109.4 129.4
Refined production from leach plants:
Copper cathode production ('000 tonnes) 79.3 73.2 77.5 75.8 81.5 154.7 157.3
(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) 10,403 18,235 18,837 10,617 14,098 28,347 24,715
Average mill head grades:
Copper (%) 0.73 0.74 0.87 0.73 0.86 0.69 0.80
Gold (g/t) 0.53 0.65 0.99 0.79 0.84 0.53 0.82
Silver (g/t) 3.65 2.68 3.72 3.34 2.55 2.70 2.89
Production of metals in concentrates:
Copper in concentrates ('000 tonnes) 65.2 119.2 148.9 67.5 108.8 168.2 176.3
Gold in concentrates ('000 ounces) 135 306 517 215 296 353 511
Silver in concentrates ('000 ounces) 509 1,069 1,479 558 660 1,321 1,218
Sales of payable metals in concentrates: (c)
Copper in concentrates ('000 tonnes) 71.6 107.5 138.3 50.6 111.3 161.5 161.8
Gold in concentrates ('000 ounces)
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