REG - Rio Tinto - Rio Tinto fourth quarter operations review <Origin Href="QuoteRef">RIO.L</Origin> - Part 2
19/01/2016 07:10
- Part 2: For the preceding part double click ID:nRSS2464Ma
Smelter Grade Alumina - Aluminium Group
Alumina production ('000 tonnes)
Australia
Queensland Alumina Refinery - Queensland 80.0% 935 924 927 956 940 3,568 3,747
Yarwun refinery - Queensland 100.0% 687 683 700 703 778 2,688 2,864
Brazil
São Luis (Alumar) refinery 10.0% 953 862 940 928 937 3,639 3,667
Canada
Jonquière (Vaudreuil) refinery - Quebec (a) 100.0% 373 360 359 369 361 1,444 1,449
(a) Jonquière's (Vaudreuil's) production shows smelter grade alumina only and excludes hydrate produced and used for specialty alumina.
Smelter Grade Alumina - Other Aluminium
Alumina production ('000 tonnes)
Australia
Gove refinery - Northern Territory (a) 100.0% - - - - - 676 -
(a) The curtailment of production at the Gove refinery was completed on 28 May 2014.
Specialty Alumina - Aluminium Group
Specialty alumina production ('000 tonnes)
Canada
Jonquière (Vaudreuil) plant - Quebec 100.0% 27 27 30 27 26 108 110
Rio Tinto percentage interest shown above is at 31 December 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2014 2015 2015 2015 2015 2014 2015
ALUMINIUM
Primary Aluminium
Primary aluminium production ('000 tonnes)
Australia
Bell Bay smelter - Tasmania 100.0% 48 46 47 48 49 188 191
Boyne Island smelter - Queensland 59.4% 145 142 145 146 146 553 579
Tomago smelter - New South Wales 51.6% 144 141 145 147 146 561 579
Cameroon
Alucam (Edéa) smelter (a) 0.0% 22 - - - - 93 -
Canada
Alma smelter - Quebec 100.0% 116 115 116 117 118 455 466
Alouette (Sept-Îles) smelter - Quebec 40.0% 147 147 152 153 153 583 606
Arvida smelter - Quebec 100.0% 44 43 43 43 44 173 173
Arvida AP60 smelter - Quebec 100.0% 15 14 15 15 15 59 59
Bécancour smelter - Quebec 25.1% 114 105 113 108 111 446 437
Grande-Baie smelter - Quebec 100.0% 55 54 55 56 57 222 221
Kitimat smelter - British Columbia 100.0% 24 20 15 23 51 125 110
Laterrière smelter - Quebec 100.0% 62 60 61 61 62 244 244
France
Dunkerque smelter 100.0% 68 67 68 69 70 270 275
Iceland
ISAL (Reykjavik) smelter 100.0% 52 51 51 48 50 206 201
New Zealand
Tiwai Point smelter 79.4% 82 82 83 84 85 327 333
Norway
SØRAL (Husnes) smelter (b) 0.0% 8 - - - - 76 -
Oman
Sohar smelter 20.0% 93 93 94 94 96 364 377
United Kingdom
Lochaber smelter 100.0% 11 12 12 12 12 42 47
(a) Rio Tinto sold its 46.7% interest in the Alucam (Edéa) smelter with an effective date of 31 December 2014. Production data are shown up to that date.
(b) Rio Tinto sold its 50% interest in the SØRAL (Husnes) smelter with an effective date of 31 October 2014. Production data are shown up to that date.
Rio Tinto percentage interest shown above is at 31 December 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2014 2015 2015 2015 2015 2014 2015
BAUXITE
Bauxite production ('000 tonnes)
Australia
Gove mine - Northern Territory 100.0% 1,574 1,710 1,863 1,966 1,959 6,528 7,497
Weipa mine - Queensland 100.0% 6,944 6,704 6,941 7,119 6,899 26,266 27,663
Brazil
Porto Trombetas (MRN) mine 12.0% 4,633 3,651 3,723 4,351 4,437 16,376 16,162
Guinea
Sangaredi mine (a) 23.0% 3,823 3,627 3,209 3,735 4,044 15,803 14,615
Rio Tinto share of bauxite shipments
Share of total bauxite shipments ('000 tonnes) 10,851 10,487 10,926 11,159 10,890 41,417 43,462
Share of third party bauxite shipments ('000 tonnes) 6,502 6,372 6,848 6,773 6,576 23,257 26,569
(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 December 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2014 2015 2015 2015 2015 2014 2015
BORATES
Rio Tinto Minerals - borates 100.0%
US
Borates ('000 tonnes) (a) 123 129 124 115 107 508 476
(a) Production is expressed as B2O3 content.
COAL
Rio Tinto Coal Australia
Bengalla mine (a) 32.0%
New South Wales
Thermal coal ('000 tonnes) 2,061 2,341 1,776 2,036 2,166 8,558 8,319
Clermont Coal mine (b) 0.0%
Queensland
Thermal coal ('000 tonnes) - - - - - 4,832 -
Hail Creek Coal mine 82.0%
Queensland
Hard coking coal ('000 tonnes) 1,853 1,450 1,645 1,740 1,383 6,492 6,218
Thermal coal ('000 tonnes) 639 884 733 773 856 2,304 3,245
Hunter Valley Operations 80.0%
New South Wales
Semi-soft coking coal ('000 tonnes) 550 574 976 731 685 1,935 2,966
Thermal coal ('000 tonnes) 2,844 2,730 1,974 2,406 2,939 11,924 10,048
Kestrel Coal mine 80.0%
Queensland
Hard coking coal ('000 tonnes) 149 1,017 940 536 957 2,163 3,450
Thermal coal ('000 tonnes) 311 118 178 109 231 564 637
Mount Thorley Operations 64.0%
New South Wales
Semi-soft coking coal ('000 tonnes) 333 485 263 396 254 1,952 1,398
Thermal coal ('000 tonnes) 200 551 809 854 602 2,241 2,815
Rio Tinto percentage interest shown above is at 31 December 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2014 2015 2015 2015 2015 2014 2015
COAL (continued)
Warkworth mine 44.5%
New South Wales
Semi-soft coking coal ('000 tonnes) 170 287 170 201 194 933 853
Thermal coal ('000 tonnes) 2,073 1,478 1,499 1,740 1,945 6,803 6,663
Total hard coking coal production ('000 tonnes) 2,002 2,467 2,585 2,277 2,340 8,655 9,668
Total semi-soft coking coal production ('000 tonnes) 1,052 1,347 1,408 1,329 1,133 4,821 5,217
Total thermal coal production ('000 tonnes) 8,129 8,101 6,968 7,918 8,739 37,227 31,727
Total coal production ('000 tonnes) 11,183 11,915 10,961 11,524 12,212 50,703 46,612
Total coal sales ('000 tonnes) 12,395 11,926 11,016 11,455 12,261 51,386 46,658
Rio Tinto Coal Australia share (c)
Share of hard coking coal sales ('000 tonnes) 1,978 1,925 2,405 1,722 2,018 7,683 8,070
Share of semi-soft coal sales ('000 tonnes) (d) 812 929 963 932 784 3,225 3,609
Share of thermal coal sales ('000 tonnes) (d) 5,183 4,781 3,913 4,689 5,037 21,429 18,420
(a) On 30 September 2015, Rio Tinto announced that it had reached a binding agreement for the sale of its interest in the Bengalla Joint Venture.
(b) Rio Tinto sold its 50.1% interest in the Clermont mine with an effective date of 29 May 2014. Production data are shown up to that date.
(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 Coal Mozambique
Benga mine (a) 0.0%
Hard coking coal production ('000 tonnes) 26 - - - - 641 -
Thermal coal production ('000 tonnes) 23 - - - - 593 -
(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. Production data are shown up to that date.
Rio Tinto percentage interest shown above is at 31 December 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2014 2015 2015 2015 2015 2014 2015
COPPER & GOLD
Escondida 30.0%
Chile
Sulphide ore to concentrator ('000 tonnes) 18,354 21,382 22,909 22,820 18,076 81,494 85,186
Average copper grade (%) 1.45 1.49 1.32 1.00 0.99 1.27 1.21
Mill production (metals in concentrates):
Contained copper ('000 tonnes) 215.7 270.6 249.6 169.7 138.6 852.4 828.5
Contained gold ('000 ounces) 13 21 26 24 18 90 89
Contained silver ('000 ounces) 958 1,355 1,314 1,181 962 4,883 4,812
Recoverable copper in ore stacked for leaching ('000 tonnes) (a) 80.5 83.5 78.5 76.5 81.8 285.2 320.3
Refined production from leach plants:
Copper cathode production ('000 tonnes) 75.0 77.3 88.8 71.5 88.7 301.5 326.3
(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) 11,512 14,123 16,095 14,855 15,429 43,985 60,503
Average mill head grades:
Copper (%) 0.79 0.57 0.67 0.68 0.75 0.79 0.67
Gold (g/t) 1.14 0.68 0.86 0.71 0.82 0.99 0.77
Silver (g/t) 3.37 2.13 2.44 2.50 2.11 3.45 2.30
Production of metals in concentrates:
Copper in concentrates ('000 tonnes) 82.3 72.2 96.5 90.1 102.2 306.3 361.0
Gold in concentrates ('000 ounces) 366 262 371 282 328 1,167 1,243
Silver in concentrates ('000 ounces) 771 558 759 723 609 2,740 2,649
Sales of payable metals in concentrates: (c)
Copper in concentrates ('000 tonnes) 83.9 70.4 88.8 89.9 96.9 308.7 346.0
Gold in concentrates ('000 ounces) 366 260 346 286 312 1,170 1,203
Silver in concentrates ('000 ounces) 623 435 558 574 463 2,213 2,030
(a) Through a joint venture agreement with Freeport-McMoRan Inc. (Freeport), Rio Tinto is entitled to 40% of additional material mined as a consequence of expansions and developments of the Grasberg facilities since 1998. The 4Q 2015 results show the forecast from Freeport's most recent five-year plan, because Freeport will not release its actual 100% operating data for 4Q 2015 until the release of its 2015 fourth-quarter results on 26 January 2016.
(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 December 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 4Q 1Q 2Q 3Q 4Q Full Year Full Year
interest 2014 2015 2015 2015 2015 2014 2015
COPPER & GOLD (continued)
Kennecott Utah Copper
Barneys Canyon mine (a) 100.0%
Utah, US
Gold produced ('000 ounces) - - - - - 0.4 -
Bingham Canyon mine 100.0%
Utah, US
Ore treated ('000 tonnes) 6,404 9,819 8,208 8,581 8,224 40,984 34,831
Average ore grade:
Copper (%) 0.37 0.31 0.25 0.30 0.35 0.56 0.30
Gold (g/t) 0.26 0.21 0.17 0.17 0.15 0.30 0.18
Silver (g/t) 2.22 2.22 1.99 2.07 1.45 2.83 1.95
Molybdenum (%) 0.060 0.041 0.046 0.035 0.023 0.050 0.037
Copper concentrates produced ('000 tonnes) 82 133 84 116 136 799 470
Average concentrate grade (% Cu) 24.8 19.9 20.6 18.9 18.8 25.5 19.5
Production of metals in copper concentrates:
Copper ('000 tonnes) (b) 20.5 26.6 17.4 22.2 25.7 204.3 92.0
Gold ('000 ounces) 33 45 29 31 26 260 131
Silver ('000 ounces) 356 486 310 362 300 2,935 1,458
Molybdenum concentrates produced ('000 tonnes): 4.9 5.2 5.0 3.4 1.2 21.9 14.9
Molybdenum in concentrates ('000 tonnes) 2.6 2.7 2.6 1.8 0.6 11.5 7.6
(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.
Kennecott smelter & refinery 100.0%
Copper concentrates smelted ('000 tonnes) 122 148 99 113 143 908 503
Copper anodes produced ('000 tonnes) (a) 24.9 35.1 19.1 17.1 24.7 204.2 96.0
Production of refined metal:
Copper ('000 tonnes) 18.3 45.0 33.2 14.3 22.6 204.1 115.2
Gold ('000 ounces) (b) 51.1 62.2 51.6 34.1 31.0 252.2 179.0
Silver ('000 ounces) (b) 636 698 501 296 348 2,811 1,843
(a) New metal excluding recycled material.
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