REG - Rio Tinto - Rio Tinto fourth quarter operations review <Origin Href="QuoteRef">RIO.L</Origin> - Part 3
19/01/2016 07:10
- Part 3: For the preceding part double click ID:nRSS2464Mb
(b) Includes gold and silver in intermediate products.
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)
Turquoise Hill Resources
Oyu Tolgoi mine (a) 33.5%
Mongolia
Ore Treated ('000 tonnes) 7,505 7,512 9,025 8,632 9,369 27,872 34,537
Average mill head grades:
Copper (%) 0.74 0.52 0.69 0.75 0.69 0.60 0.67
Gold (g/t) 1.46 0.48 1.09 0.56 0.92 0.86 0.78
Silver (g/t) 1.65 1.16 1.46 1.90 1.67 1.60 1.56
Copper concentrates produced ('000 tonnes) 186.7 130.9 215.5 210.3 231.8 563.6 788.5
Average concentrate grade (% Cu) 26.9 25.7 25.6 26.6 24.7 26.3 25.6
Production of metals in concentrates:
Copper in concentrates ('000 tonnes) 50.3 33.6 55.3 56.0 57.3 148.4 202.2
Gold in concentrates ('000 ounces) 278.2 85.6 238.1 122.6 207.1 588.7 653.4
Silver in concentrates ('000 ounces) 286 184 297 388 355 893 1,223
Sales of metals in concentrates:
Copper in concentrates ('000 tonnes) 67.6 42.1 46.3 58.2 54.7 185.8 201.3
Gold in concentrates ('000 ounces) 263 200 177 200 160 561 737
Silver in concentrates ('000 ounces) 383 219 245 334 360 1,093 1,158
(a) Rio Tinto owns a 33.52% indirect interest in Oyu Tolgoi through its 50.79% interest in Turquoise Hill Resources.
Rio Tinto percentage interest shown above is at 31 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
DIAMONDS
Argyle Diamonds 100.0%
Western Australia
AK1 ore processed ('000 tonnes) 688 1,178 1,199 1,339 1,127 2,999 4,843
AK1 diamonds produced ('000 carats) 1,813 3,217 3,374 3,514 3,368 9,188 13,472
Diavik Diamonds 60.0%
Northwest Territories, Canada
Ore processed ('000 tonnes) 512 476 565 478 465 2,277 1,984
Diamonds recovered ('000 carats) 1,545 1,498 2,141 1,269 1,498 7,233 6,406
Murowa Diamonds (a) 0.0%
Zimbabwe
Ore processed ('000 tonnes) 160 117 95 - - 590 212
Diamonds recovered ('000 carats) 130 51 48 - - 442 99
(a) Rio Tinto sold its 77.8% interest in Murowa Diamonds with an effective date of 17 June 2015. 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
IRON ORE
Rio Tinto Iron Ore
Western Australia
Pilbara Operations
Saleable iron ore production ('000 tonnes)
Hamersley mines (a) 45,239 42,177 45,807 50,113 51,324 163,163 189,421
Hamersley - Channar 60.0% 2,502 2,145 2,792 3,019 2,606 10,913 10,561
Hope Downs 50.0% 11,677 11,358 10,518 11,179 11,690 42,715 44,745
Robe River - Pannawonica (Mesas J and A) 53.0% 8,677 7,585 8,306 8,529 8,062 34,535 32,482
Robe River - West Angelas 53.0% 7,198 7,810 7,797 8,485 8,573 29,264 32,665
Total production ('000 tonnes) 75,292 71,075 75,221 81,325 82,255 280,590 309,876
Breakdown of total production:
Pilbara Blend Lump 20,298 20,231 21,990 24,306 24,116 75,433 90,643
Pilbara Blend Fines 31,213 30,641 31,007 34,672 36,408 115,115 132,728
Robe Valley Lump 3,002 2,796 2,907 2,840 2,660 11,582 11,202
Robe Valley Fines 5,675 4,789 5,399 5,690 5,402 22,953 21,280
Yandicoogina Fines (HIY) 15,105 12,618 13,918 13,818 13,669 55,507 54,022
Breakdown of total sales:
Pilbara Blend Lump 17,295 16,832 18,635 21,147 21,960 65,889 78,574
Pilbara Blend Fines 37,370 32,904 36,841 41,695 41,266 131,441 152,706
Robe Valley Lump 2,708 2,373 2,491 2,651 2,516 10,387 10,031
Robe Valley Fines 6,514 4,845 5,277 6,124 6,144 24,317 22,390
Yandicoogina Fines (HIY) 14,628 12,336 14,004 13,934 14,569 56,270 54,843
Total sales ('000 tonnes) (b) 78,515 69,290 77,248 85,552 86,454 288,305 318,544
(a) Includes 100% of production from Paraburdoo, Mt Tom Price, Marandoo, Yandicoogina, Brockman, Nammuldi and the Eastern Range mines. Whilst Rio Tinto owns 54% of the Eastern Range mine, under the terms of the joint venture agreement, Hamersley Iron manages the operation and is obliged to purchase all mine production from the joint venture and therefore all of the production is included in Rio Tinto's share of production.
(b) Sales represent iron ore exported from Western Australian ports.
Iron Ore Company of Canada 58.7%
Newfoundland & Labrador and Quebec in Canada
Saleable iron ore production:
Concentrates ('000 tonnes) 1,439 1,370 2,120 2,039 2,865 6,026 8,394
Pellets ('000 tonnes) 2,388 2,223 2,336 2,703 2,036 8,748 9,297
Sales:
Concentrates ('000 tonnes) 1,246 711 1,894 3,150 2,656 6,071 8,411
Pellets ('000 tonnes) 2,402 2,490 2,288 2,644 2,180 8,204 9,603
Global Iron Ore Totals
Iron Ore Production ('000 tonnes) 79,119 74,667 79,676 86,067 87,157 295,365 327,567
Iron Ore Sales ('000 tonnes) 82,163 72,491 81,430 91,346 91,291 302,580 336,558
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
SALT
Dampier Salt 68.4%
Western Australia
Salt production ('000 tonnes) 2,709 2,074 1,745 1,874 2,409 9,938 8,103
TITANIUM DIOXIDE SLAG
Rio Tinto Iron & Titanium 100.0%
Canada and South Africa
(Rio Tinto share) (a)
Titanium dioxide slag ('000 tonnes) 316 322 301 243 223 1,443 1,089
(a) Quantities comprise 100% of Rio Tinto Fer et Titane and Rio Tinto's 74% interest in Richards Bay Minerals' production. Ilmenite mined in Madagascar is processed in Canada.
URANIUM
Energy Resources of Australia Ltd
Ranger mine (a) 68.4%
Northern Territory, Australia
U3O8 Production ('000 lbs) 1,322 1,078 861 1,008 1,474 2,569 4,421
(a) ERA production reported is 'drummed' U3O8.
Rössing Uranium Ltd 68.6%
Namibia
U3O8 Production ('000 lbs) 902 397 791 552 1,007 3,401 2,747
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.
This information is provided by RNS
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