REG - Rio Tinto - Rio Tinto fourth quarter production results <Origin Href="QuoteRef">RIO.L</Origin> - Part 3
16/01/2018 07:05
- Part 3: For the preceding part double click ID:nRSP9453Bb
67.0 29.8 20.3 53.6 22.1 156.5 125.8
Gold ('000 ounces) (c) 40.6 51.1 43.0 54.1 55.4 135.4 203.7
Silver ('000 ounces) (c) 465 402 729 731 516 1,815 2,378
(a) Includes a small amount of copper in precipitates.
(b) New metal excluding recycled material.
(c) Includes gold and silver in intermediate products.
Rio Tinto percentage interest shown above is at 31 December 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q4 Q1 Q2 Q3 Q4 Full Year Full Year
interest 2016 2017 2017 2017 2017 2016 2017
COPPER & GOLD (continued)
Turquoise Hill Resources
Oyu Tolgoi mine (a) 33.5%
Mongolia
Ore Treated ('000 tonnes) 9,819 10,087 9,637 10,615 10,838 38,152 41,177
Average mill head grades:
Copper (%) 0.61 0.51 0.51 0.48 0.53 0.65 0.51
Gold (g/t) 0.25 0.15 0.16 0.18 0.20 0.36 0.17
Silver (g/t) 1.50 1.30 1.38 1.34 1.54 1.83 1.39
Copper concentrates produced ('000 tonnes) 206.7 176.0 171.0 170.0 205.5 846.6 722.5
Average concentrate grade (% Cu) 22.0 21.6 21.8 21.7 22.0 23.8 21.8
Production of metals in concentrates:
Copper in concentrates ('000 tonnes) 45.5 38.1 37.2 36.9 45.3 201.3 157.4
Gold in concentrates ('000 ounces) 49.4 24.8 23.9 30.9 34.8 300.0 114.3
Silver in concentrates ('000 ounces) 273 215 236 239 285 1,420 974
Sales of metals in concentrates:
Copper in concentrates ('000 tonnes) 37.6 39.5 37.3 36.9 35.7 188.9 149.3
Gold in concentrates ('000 ounces) 39 32 23 28 27 347 111
Silver in concentrates ('000 ounces) 239 205 222 229 205 1,280 860
(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 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q4 Q1 Q2 Q3 Q4 Full Year Full Year
interest 2016 2017 2017 2017 2017 2016 2017
DIAMONDS
Argyle Diamonds 100.0%
Western Australia
AK1 ore processed ('000 tonnes) 1,283 1,144 1,112 1,255 1,446 5,097 4,957
AK1 diamonds produced ('000 carats) 3,584 3,016 3,216 4,757 6,146 13,958 17,135
Diavik Diamonds 60.0%
Northwest Territories, Canada
Ore processed ('000 tonnes) 539 531 556 578 525 2,214 2,190
Diamonds recovered ('000 carats) 1,649 1,894 1,865 1,961 1,767 6,658 7,486
Rio Tinto percentage interest shown above is at 31 December 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q4 Q1 Q2 Q3 Q4 Full Year Full Year
interest 2016 2017 2017 2017 2017 2016 2017
IRON ORE
Rio Tinto Iron Ore
Western Australia
Pilbara Operations
Saleable iron ore production ('000 tonnes)
Hamersley mines (a) 54,848 48,664 48,674 52,921 56,501 205,902 206,760
Hamersley - Channar 60.0% 1,866 2,725 3,172 2,661 2,241 9,731 10,798
Hope Downs 50.0% 11,588 10,435 12,575 11,956 11,975 47,010 46,941
Robe River - Pannawonica (Mesas J and A) 53.0% 8,477 7,188 6,936 8,416 8,642 32,776 31,182
Robe River - West Angelas 53.0% 8,748 8,154 8,444 9,011 8,507 34,044 34,116
Total production ('000 tonnes) 85,526 77,165 79,801 84,965 87,866 329,463 329,797
Breakdown of total production:
Pilbara Blend Lump 24,902 23,618 24,671 25,342 25,496 95,915 99,127
Pilbara Blend Fines 36,988 32,755 34,682 36,748 37,641 142,804 141,826
Robe Valley Lump 3,066 2,741 2,753 2,962 3,106 11,551 11,563
Robe Valley Fines 5,411 4,446 4,183 5,454 5,535 21,226 19,619
Yandicoogina Fines (HIY) 15,159 13,605 13,512 14,458 16,088 57,968 57,663
Breakdown of total sales:
Pilbara Blend Lump 21,943 20,161 21,561 21,959 22,377 82,383 86,059
Pilbara Blend Fines 42,225 36,679 35,871 40,305 43,039 155,431 155,895
Robe Valley Lump 2,835 2,218 2,382 2,624 2,619 10,183 9,843
Robe Valley Fines 5,761 4,476 4,472 5,989 6,202 22,533 21,140
Yandicoogina Fines (HIY) 14,969 13,120 13,371 14,963 15,731 57,062 57,185
Total sales ('000 tonnes) (b) 87,732 76,655 77,658 85,840 89,968 327,592 330,122
(a) Includes 100% of production from Paraburdoo, Mt Tom Price, Marandoo, Yandicoogina, Brockman, Nammuldi, Silvergrass 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) 1,915 1,889 2,212 2,469 1,980 8,357 8,549
Pellets ('000 tonnes) 2,756 2,504 2,356 2,932 2,675 9,798 10,467
IOC Total production ('000 tonnes) 4,671 4,392 4,569 5,401 4,655 18,155 19,016
Sales:
Concentrates ('000 tonnes) 1,955 2,031 1,599 2,319 2,655 8,344 8,605
Pellets ('000 tonnes) 3,004 2,409 2,536 2,707 2,750 9,983 10,402
IOC Total Sales ('000 tonnes) 4,960 4,441 4,135 5,027 5,404 18,326 19,006
Global Iron Ore Totals
Iron Ore Production ('000 tonnes) 90,196 81,558 84,370 90,365 92,521 347,619 348,814
Iron Ore Sales ('000 tonnes) 92,692 81,096 81,792 90,867 95,373 345,918 349,128
Rio Tinto percentage interest shown above is at 31 December 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q4 Q1 Q2 Q3 Q4 Full Year Full Year
interest 2016 2017 2017 2017 2017 2016 2017
SALT
Dampier Salt 68.4%
Western Australia
Salt production ('000 tonnes) 2,028 1,246 2,159 1,795 2,246 7,578 7,446
TITANIUM DIOXIDE SLAG
Rio Tinto Iron & Titanium 100.0%
Canada and South Africa
(Rio Tinto share) (a)
Titanium dioxide slag ('000 tonnes) 300 332 316 327 341 1,048 1,315
(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 being processed in Canada.
URANIUM
Energy Resources of Australia Ltd
Ranger mine (a) 68.4%
Northern Territory, Australia
U3O8 Production ('000 lbs) 1,328 1,316 991 1,407 1,343 5,182 5,056
(a) ERA production data are drummed U3O8.
Rössing Uranium Ltd (a) 68.6%
Namibia
U3O8 Production ('000 lbs) 1,138 981 1,254 1,103 1,314 4,078 4,652
(a) Rössing production data are drummed U3O8.
Rio Tinto percentage interest shown above is at 31 December 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
This information is provided by RNS
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