REG - Rio Tinto - Rio Tinto releases Q1 2017 production results <Origin Href="QuoteRef">RIO.L</Origin> - Part 2
20/04/2017 07:05
- Part 2: For the preceding part double click ID:nRST7958Ca
Rio Tinto's interest in the Lochaber aluminium smelter and
Bengalla coal mine were sold in 2016. No data for these
operations are included in the Share of Production table.
Rio Tinto operational data
Rio Tinto 1Q 2Q 3Q 4Q 1Q Full Year
interest 2016 2016 2016 2016 2017 2016
ALUMINA
Smelter Grade Alumina - Aluminium Group
Alumina production ('000 tonnes)
Australia
Queensland Alumina Refinery - Queensland 80.0% 953 961 947 987 924 3,848
Yarwun refinery - Queensland 100.0% 785 823 747 821 819 3,176
Brazil
São Luis (Alumar) refinery 10.0% 903 931 916 957 895 3,707
Canada
Jonquière (Vaudreuil) refinery - Quebec (a) 100.0% 377 353 355 367 367 1,452
(a) Jonquière's (Vaudreuil's) production shows smelter grade alumina only and excludes hydrate produced and used for specialty alumina.
Specialty Alumina - Aluminium Group
Specialty alumina production ('000 tonnes)
Canada
Jonquière (Vaudreuil) plant - Quebec 100.0% 25 29 29 31 31 115
Rio Tinto percentage interest shown above is at 31 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 1Q 2Q 3Q 4Q 1Q Full Year
interest 2016 2016 2016 2016 2017 2016
ALUMINIUM
Primary Aluminium
Primary aluminium production ('000 tonnes)
Australia
Bell Bay smelter - Tasmania 100.0% 45 45 46 47 45 182
Boyne Island smelter - Queensland 59.4% 145 145 147 147 135 583
Tomago smelter - New South Wales 51.6% 145 147 149 149 145 589
Canada
Alma smelter - Quebec 100.0% 117 116 117 117 114 467
Alouette (Sept-Îles) smelter - Quebec 40.0% 152 152 152 153 149 609
Arvida smelter - Quebec 100.0% 43 43 43 43 41 172
Arvida AP60 smelter - Quebec 100.0% 15 15 15 15 15 60
Bécancour smelter - Quebec 25.1% 113 108 114 110 112 445
Grande-Baie smelter - Quebec 100.0% 56 56 58 58 57 227
Kitimat smelter - British Columbia 100.0% 83 107 109 109 107 408
Laterrière smelter - Quebec 100.0% 61 61 62 63 61 247
France
Dunkerque smelter 100.0% 69 69 71 71 70 280
Iceland
ISAL (Reykjavik) smelter 100.0% 50 52 51 52 52 205
New Zealand
Tiwai Point smelter 79.4% 84 84 85 85 84 339
Oman
Sohar smelter 20.0% 97 97 95 97 96 386
United Kingdom
Lochaber smelter (a) 0.0% 12 12 12 10 - 46
(a) On 16 December 2016, Rio Tinto completed the sale of its 100% interest in the Lochaber aluminium smelter.
Rio Tinto percentage interest shown above is at 31 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 1Q 2Q 3Q 4Q 1Q Full Year
interest 2016 2016 2016 2016 2017 2016
BAUXITE
Bauxite production ('000 tonnes)
Australia
Gove mine - Northern Territory 100.0% 2,214 2,186 2,521 2,169 2,388 9,091
Weipa mine - Queensland 100.0% 6,524 7,560 7,642 7,700 6,893 29,427
Brazil
Porto Trombetas (MRN) mine 12.0% 3,805 3,920 4,441 4,296 2,974 16,462
Guinea
Sangaredi mine (a) 23.0% 4,205 4,126 3,836 3,856 3,699 16,023
Rio Tinto share of bauxite shipments
Share of total bauxite shipments ('000 tonnes) 11,153 11,683 12,743 11,996 11,605 47,575
Share of third party bauxite shipments ('000 tonnes) 6,768 7,101 8,093 7,345 6,927 29,308
(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 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 1Q 2Q 3Q 4Q 1Q Full Year
interest 2016 2016 2016 2016 2017 2016
BORATES
Rio Tinto Borates - borates 100.0%
US
Borates ('000 tonnes) (a) 127 123 132 121 123 503
(a) Production is expressed as B2O3 content.
COAL
Rio Tinto Coal Australia
Bengalla mine (a) 0.0%
New South Wales
Thermal coal ('000 tonnes) 1,476 - - - - 1,476
Hail Creek Coal mine 82.0%
Queensland
Hard coking coal ('000 tonnes) 1,492 1,466 1,522 1,470 1,134 5,950
Thermal coal ('000 tonnes) 1,091 806 960 910 1,065 3,767
Hunter Valley Operations (b) 67.6%
New South Wales
Semi-soft coking coal ('000 tonnes) 964 651 1,245 859 800 3,720
Thermal coal ('000 tonnes) 1,911 3,104 2,361 2,550 2,851 9,925
Kestrel Coal mine 80.0%
Queensland
Hard coking coal ('000 tonnes) 948 745 1,158 1,227 816 4,077
Thermal coal ('000 tonnes) 173 120 281 271 159 846
Mount Thorley Operations (b) 80.0%
New South Wales
Semi-soft coking coal ('000 tonnes) 466 414 187 353 337 1,420
Thermal coal ('000 tonnes) 742 315 758 1,035 562 2,850
Rio Tinto percentage interest shown above is at 31 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 1Q 2Q 3Q 4Q 1Q Full Year
interest 2016 2016 2016 2016 2017 2016
COAL (continued)
Warkworth mine (b) 55.6%
New South Wales
Semi-soft coking coal ('000 tonnes) 267 218 135 190 268 809
Thermal coal ('000 tonnes) 1,672 2,188 2,035 1,330 1,520 7,225
Total hard coking coal production ('000 tonnes) 2,440 2,210 2,680 2,697 1,950 10,027
Total semi-soft coking coal production ('000 tonnes) 1,697 1,284 1,567 1,402 1,405 5,950
Total thermal coal production ('000 tonnes) 7,065 6,533 6,395 6,096 6,156 26,090
Total coal production ('000 tonnes) 11,202 10,026 10,642 10,196 9,512 42,067
Total coal sales ('000 tonnes) 11,047 10,357 10,129 10,241 8,792 41,773
Rio Tinto Coal Australia share (c)
Share of hard coking coal sales ('000 tonnes) 2,099 1,879 2,332 2,395 1,524 8,704
Share of semi-soft coal sales ('000 tonnes) (d) 1,122 1,075 904 1,043 765 4,144
Share of thermal coal sales ('000 tonnes) (d) 4,287 4,260 3,958 3,979 3,946 16,484
(a) Rio Tinto sold its interest in the Bengalla Joint Venture
with an effective date of 1 March 2016.
(b) On 24 January 2017, Rio Tinto announced a binding agreement
to sell Coal & Allied, a wholly owned subsidiary of Rio Tinto
Coal Australia (RTCA). This includes Coal & Allied's 67.6%
interest in the Hunter Valley Operations mine, 80% interest in
the Mount Thorley mine and 55.6% interest in the Warkworth mine.
In an earlier restructuring of the Coal & Allied group completed
on 3 February 2016, Rio Tinto had obtained 100% of Coal & Allied
and retained a 67.6% interest in the newly created Hunter Valley
Operations joint venture. Prior to restructuring, Rio Tinto's
interest in the Hunter Valley Operations, Mt Thorley and
Warkworth mines was 80%, 64% and 44.46% respectively.
(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 percentage interest shown above is at 31 March 2017.
The data represent full production and sales on a 100% basis
unless otherwise stated.
Rio Tinto operational data
Rio Tinto 1Q 2Q 3Q 4Q 1Q Full Year
interest 2016 2016 2016 2016 2017 2016
COPPER & GOLD
Escondida 30.0%
Chile
Sulphide ore to concentrator ('000 tonnes) 21,188 22,905 20,787 19,866 8,054 84,746
Average copper grade (%) 0.99 0.94 0.87 1.02 1.01 0.96
Mill production (metals in concentrates):
Contained copper ('000 tonnes) 175.8 181.7 153.2 168.6 67.7 679.3
Contained gold ('000 ounces) 31 36 28 38 11 133
Contained silver ('000 ounces) 1,544 1,874 1,229 1,323 543 5,971
Recoverable copper in ore stacked for leaching ('000 tonnes) (a) 88.8 77.4 88.9 76.4 22.8 331.4
Refined production from leach plants:
Copper cathode production ('000 tonnes) 84.8 85.3 70.5 71.5 27.2 312.1
(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) 14,249 14,141 16,608 15,630 18,254 60,628
Average mill head grades:
Copper (%) 0.69 0.84 1.02 1.08 1.05 0.91
Gold (g/t) 0.53 0.48 0.69 0.97 1.08 0.68
Silver (g/t) 2.23 2.88 3.45 3.67 2.95 3.09
Production of metals in concentrates:
Copper in concentrates ('000 tonnes) 85.8 106.5 153.8 153.1 176.6 499.4
Gold in concentrates ('000 ounces) 196 179 310 409 526 1,094
Silver in concentrates ('000 ounces) 613 776 1,170 1,237 1,067 3,796
Sales of payable metals in concentrates: (c)
Copper in concentrates ('000 tonnes) 86.9 96.8 153.7 140.6 172.0 478.0
Gold in concentrates ('000 ounces) 207 166 307 374 514 1,054
Silver in concentrates ('000 ounces) 510 562 928 907 834 2,909
(a) 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. The 1Q 2017 results show the forecast
from FCX's most recent five-year plan, because FCX is not
releasing its actual 100% operating data for Q1 2017 until the
release of its 2017 first-quarter results on 25 April 2017. The
forecast did not include the impact of the export ban and strike
at Gresik smelter.
(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 March 2017.
The data represent full production and sales on a 100% basis
unless otherwise stated.
Rio Tinto operational data
Rio Tinto 1Q 2Q 3Q 4Q 1Q Full Year
interest 2016 2016 2016 2016 2017 2016
COPPER & GOLD (continued)
Rio Tinto Kennecott
Bingham Canyon mine 100.0%
Utah, US
Ore treated ('000 tonnes) 7,386 7,512 9,698 8,827 9,508 33,423
Average ore grade:
Copper (%) 0.51 0.55 0.41 0.56 0.51 0.50
Gold (g/t) 0.19 0.18 0.25 0.31 0.32 0.24
Silver (g/t) 1.85 1.70 2.56 3.33 3.24 2.41
Molybdenum (%) 0.015 0.023 0.031 0.040 0.025 0.028
Copper concentrates produced ('000 tonnes) 153 152 154 190 189 648
Average concentrate grade (% Cu) 22.4 24.5 23.4 23.8 23.3 23.5
Production of metals in copper concentrates:
Copper ('000 tonnes) (a) 34.2 37.2 36.2 45.1 44.3 152.7
Gold ('000 ounces) 26 28 41 57 54 153
Silver ('000 ounces) 342 329 522 751 711 1,943
Molybdenum concentrates produced ('000 tonnes): 0.2 0.3 1.6 3.4 1.7 5.6
Molybdenum in concentrates ('000 tonnes) 0.1 0.2 0.8 1.8 0.9 2.8
(a) Includes a small amount of copper in precipitates.
Kennecott smelter & refinery 100.0%
Copper concentrates smelted ('000 tonnes) 158 167 220 207 136 752
Copper anodes produced ('000 tonnes) (a) 32.0 33.1 56.1 42.7 33.7 163.8
Production of refined metal:
Copper ('000 tonnes) 25.8 24.6 39.1 67.0 29.8 156.5
Gold ('000 ounces) (b) 29.8 35.3 29.7 40.6 51.1 135.4
Silver ('000 ounces) (b) 348 587 415 465 402 1,815
(a) New metal excluding recycled material.
(b) Includes gold and silver in intermediate products.
Rio Tinto percentage interest shown above is at 31 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 1Q 2Q 3Q 4Q 1Q Full Year
interest 2016 2016 2016 2016 2017 2016
COPPER & GOLD (continued)
Turquoise Hill Resources
Oyu Tolgoi mine (a) 33.5%
Mongolia
Ore Treated ('000 tonnes) 9,662 9,525 9,146 9,819 10,087 38,152
Average mill head grades:
Copper (%) 0.70 0.64 0.66 0.61 0.51 0.65
Gold (g/t) 0.63 0.33 0.21 0.25 0.15 0.36
Silver (g/t) 1.92 1.92 1.99 1.50 1.30 1.83
Copper concentrates produced ('000 tonnes) 229.5 207.1 203.2 206.7 176.0 846.6
Average concentrate grade (% Cu) 25.1 24.9 22.9 22.0 21.6 23.8
Production of metals in concentrates:
Copper in concentrates ('000 tonnes) 57.6 51.7 46.6 45.5 38.1 201.3
Gold in concentrates ('000 ounces) 143.5 69.6 37.4 49.4 24.8 300.0
Silver in concentrates ('000 ounces) 395 391 361 273 215 1,420
Sales of metals in concentrates:
Copper in concentrates ('000 tonnes) 51.2 54.4 45.7 37.6 39.5 188.9
Gold in concentrates ('000 ounces) 175 95 38 39 32 347
Silver in concentrates ('000 ounces) 305 395 341 239 205 1,280
(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 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 1Q 2Q 3Q 4Q 1Q Full Year
interest 2016 2016 2016 2016 2017 2016
DIAMONDS
Argyle Diamonds 100.0%
Western Australia
AK1 ore processed ('000 tonnes) 1,151 1,314 1,349 1,283 1,144 5,097
AK1 diamonds produced ('000 carats) 3,391 3,489 3,493 3,584 3,016 13,958
Diavik Diamonds 60.0%
Northwest Territories, Canada
Ore processed ('000 tonnes) 557 535 582 539 531 2,214
Diamonds recovered ('000 carats) 1,885 1,579 1,545 1,649 1,894 6,658
Rio Tinto percentage interest shown above is at 31 March 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 1Q 2Q 3Q 4Q 1Q Full Year
interest 2016 2016 2016 2016 2017 2016
IRON ORE
Rio Tinto Iron Ore
Western Australia
Pilbara Operations
Saleable iron ore production ('000 tonnes)
Hamersley mines (a) 48,468 50,284 52,302 54,848 48,664 205,902
Hamersley - Channar 60.0% 2,539 2,386 2,941 1,866 2,725 9,731
Hope Downs 50.0% 11,799 11,847 11,775 11,588 10,435 47,010
Robe River - Pannawonica (Mesas J and A) 53.0% 8,395 7,964 7,940 8,477 7,188 32,776
Robe River - West Angelas 53.0% 8,700 8,400 8,196 8,748 8,154 34,044
Total production ('000 tonnes) 79,902 80,882 83,154 85,526 77,165 329,463
Breakdown of total production:
Pilbara Blend Lump 23,355 23,180 24,478 24,902 23,618 95,915
Pilbara Blend Fines 34,732 35,098 35,986 36,988 32,755 142,804
Robe Valley Lump 2,969 2,717 2,799 3,066 2,741 11,551
Robe Valley Fines 5,427 5,248 5,141 5,411 4,446 21,226
Yandicoogina Fines (HIY) 13,420 14,640 14,750 15,159 13,605 57,968
Breakdown of total sales:
Pilbara Blend Lump 19,149 20,914 20,377 21,943 20,161 82,383
Pilbara Blend Fines 37,199 38,807 37,200 42,225 36,679 155,431
Robe Valley Lump 2,400 2,408 2,540 2,835 2,218 10,183
Robe Valley Fines
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