REG - Rio Tinto - Rio Tinto second quarter production results <Origin Href="QuoteRef">RIO.L</Origin> - Part 2
18/07/2017 07:05
- Part 2: For the preceding part double click ID:nRSR3137La
Rio Tinto Iron & Titanium (h) 100% 236 267 300 332 316 481 647
URANIUM
Production ('000 lbs U3O8) (i)
Energy Resources of Australia 68% 738 1,004 908 900 678 1,631 1,577
Rössing 69% 702 628 781 673 860 1,389 1,534
Rio Tinto total uranium production 1,439 1,633 1,690 1,573 1,538 3,020 3,111
Production data notes:
Production figures are sometimes more precise than the
rounded numbers shown, hence small differences may
result between the total of the quarter figures and the
year to date figures.
(a) 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.
(b) Rio Tinto has a 22.95% shareholding in the Sangaredi
mine but benefits from 45.0% of production.
(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) 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.
(e) 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.
(f) Rio Tinto owns a 33.52% indirect interest in Oyu
Tolgoi through its 50.79% interest in Turquoise Hill
Resources Ltd.
(g) 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.
(h) Quantities comprise 100% of Rio Tinto Fer et Titane
and Rio Tinto's 74% interest in Richards Bay Minerals
(RBM).
(i) ERA and Rössing production reported are drummed
U3O8.
The Rio Tinto percentage shown above is at 30 June 2017.
Rio Tinto's interest in the Lochaber aluminium smelter
and Bengalla mine were sold in 2016. No data for these
operations are included in the Share of production
table.
Rio Tinto operational data
Rio Tinto Q2 Q3 Q4 Q1 Q2 H1 H1
interest 2016 2016 2016 2017 2017 2016 2017
ALUMINA
Smelter Grade Alumina - Aluminium Group
Alumina production ('000 tonnes)
Australia
Queensland Alumina Refinery - Queensland 80.0% 961 947 987 924 946 1,914 1,870
Yarwun refinery - Queensland 100.0% 823 747 821 819 778 1,608 1,597
Brazil
São Luis (Alumar) refinery 10.0% 931 916 957 895 931 1,834 1,826
Canada
Jonquière (Vaudreuil) refinery - Quebec (a) 100.0% 353 355 367 367 365 730 732
(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% 29 29 31 31 32 54 63
Rio Tinto percentage interest shown above is at 30 June 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q2 Q3 Q4 Q1 Q2 H1 H1
interest 2016 2016 2016 2017 2017 2016 2017
ALUMINIUM
Primary Aluminium
Primary aluminium production ('000 tonnes)
Australia
Bell Bay smelter - Tasmania 100.0% 45 46 47 45 47 89 91
Boyne Island smelter - Queensland 59.4% 145 147 147 135 124 290 259
Tomago smelter - New South Wales 51.6% 147 149 149 145 147 292 292
Canada
Alma smelter - Quebec 100.0% 116 117 117 114 112 233 226
Alouette (Sept-Îles) smelter - Quebec 40.0% 152 152 153 149 149 304 298
Arvida smelter - Quebec 100.0% 43 43 43 41 43 86 84
Arvida AP60 smelter - Quebec 100.0% 15 15 15 15 15 30 29
Bécancour smelter - Quebec 25.1% 108 114 110 112 106 221 218
Grande-Baie smelter - Quebec 100.0% 56 58 58 57 57 112 114
Kitimat smelter - British Columbia 100.0% 107 109 109 107 109 190 216
Laterrière smelter - Quebec 100.0% 61 62 63 61 61 122 122
France
Dunkerque smelter 100.0% 69 71 71 70 71 138 141
Iceland
ISAL (Reykjavik) smelter 100.0% 52 51 52 52 53 101 104
New Zealand
Tiwai Point smelter 79.4% 84 85 85 84 84 168 168
Oman
Sohar smelter 20.0% 97 95 97 96 95 194 191
United Kingdom
Lochaber smelter (a) 0.0% 12 12 10 - - 24 -
(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 30 June 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q2 Q3 Q4 Q1 Q2 H1 H1
interest 2016 2016 2016 2017 2017 2016 2017
BAUXITE
Bauxite production ('000 tonnes)
Australia
Gove mine - Northern Territory 100.0% 2,186 2,521 2,169 2,388 2,780 4,400 5,168
Weipa mine - Queensland 100.0% 7,560 7,642 7,700 6,893 7,805 14,084 14,699
Brazil
Porto Trombetas (MRN) mine 12.0% 3,920 4,441 4,296 2,974 4,071 7,725 7,045
Guinea
Sangaredi mine (a) 23.0% 4,126 3,836 3,856 3,699 3,979 8,331 7,678
Rio Tinto share of bauxite shipments
Share of total bauxite shipments ('000 tonnes) 11,683 12,743 11,996 11,605 12,164 22,836 23,769
Share of third party bauxite shipments ('000 tonnes) 7,101 8,093 7,345 6,927 7,962 13,870 14,890
(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 30 June 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q2 Q3 Q4 Q1 Q2 H1 H1
interest 2016 2016 2016 2017 2017 2016 2017
BORATES
Rio Tinto Borates - borates 100.0%
US
Borates ('000 tonnes) (a) 123 132 121 123 133 250 256
(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 -
Hail Creek Coal mine 82.0%
Queensland
Hard coking coal ('000 tonnes) 1,466 1,522 1,470 1,134 1,002 2,958 2,136
Thermal coal ('000 tonnes) 806 960 910 1,065 1,074 1,897 2,139
Hunter Valley Operations (b) 67.6%
New South Wales
Semi-soft coking coal ('000 tonnes) 651 1,245 859 800 284 1,616 1,084
Thermal coal ('000 tonnes) 3,104 2,361 2,550 2,851 3,539 5,014 6,390
Kestrel Coal mine 80.0%
Queensland
Hard coking coal ('000 tonnes) 745 1,158 1,227 816 916 1,693 1,732
Thermal coal ('000 tonnes) 120 281 271 159 177 293 335
Mount Thorley Operations (b) 80.0%
New South Wales
Semi-soft coking coal ('000 tonnes) 414 187 353 337 389 880 726
Thermal coal ('000 tonnes) 315 758 1,035 562 746 1,057 1,308
Rio Tinto percentage interest shown above is at 30 June 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q2 Q3 Q4 Q1 Q2 H1 H1
interest 2016 2016 2016 2017 2017 2016 2017
COAL (continued)
Warkworth mine (b) 55.6%
New South Wales
Semi-soft coking coal ('000 tonnes) 218 135 190 268 202 485 470
Thermal coal ('000 tonnes) 2,188 2,035 1,330 1,520 1,696 3,860 3,216
Total hard coking coal production ('000 tonnes) 2,210 2,680 2,697 1,950 1,918 4,650 3,869
Total semi-soft coking coal production ('000 tonnes) 1,284 1,567 1,402 1,405 875 2,981 2,280
Total thermal coal production ('000 tonnes) 6,533 6,395 6,096 6,156 7,232 13,598 13,388
Total coal production ('000 tonnes) 10,026 10,642 10,196 9,512 10,026 21,229 19,538
Total coal sales ('000 tonnes) 10,357 10,129 10,241 8,792 9,871 21,403 18,664
Rio Tinto Coal Australia share (c)
Share of hard coking coal sales ('000 tonnes) 1,879 2,332 2,395 1,524 1,717 3,977 3,241
Share of semi-soft coal sales ('000 tonnes) (d) 1,075 904 1,043 765 759 2,197 1,525
Share of thermal coal sales ('000 tonnes) (d) 4,260 3,958 3,979 3,946 4,539 8,547 8,486
(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 30 June
2017. The data represent full production and sales on a
100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q2 Q3 Q4 Q1 Q2 H1 H1
interest 2016 2016 2016 2017 2017 2016 2017
COPPER & GOLD
Escondida 30.0%
Chile
Sulphide ore to concentrator ('000 tonnes) 22,905 20,787 19,866 8,054 18,777 44,094 26,831
Average copper grade (%) 0.94 0.87 1.02 1.01 1.07 0.97 1.05
Mill production (metals in concentrates):
Contained copper ('000 tonnes) 181.7 153.2 168.6 67.7 167.0 357.5 234.7
Contained gold ('000 ounces) 36 28 38 11 34 67 45
Contained silver ('000 ounces) 1,874 1,229 1,323 543 1,234 3,418 1,777
Recoverable copper in ore stacked for leaching ('000 tonnes) (a) 77.4 88.9 76.4 22.8 60.7 166.1 83.5
Refined production from leach plants:
Copper cathode production ('000 tonnes) 85.3 70.5 71.5 27.2 62.8 170.1 90.0
(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) 14,141 16,608 15,630 7,849 17,018 28,390 24,867
Average mill head grades:
Copper (%) 0.84 1.02 1.08 1.15 0.99 0.77 1.04
Gold (g/t) 0.48 0.69 0.97 1.17 1.03 0.50 1.07
Silver (g/t) 2.88 3.45 3.67 5.26 2.47 2.55 3.35
Production of metals in concentrates:
Copper in concentrates ('000 tonnes) 106.5 153.8 153.1 81.0 152.0 192.4 233.0
Gold in concentrates ('000 ounces) 179 310 409 248 461 375 709
Silver in concentrates ('000 ounces) 776 1,170 1,237 667 800 1,388 1,467
Sales of payable metals in concentrates: (c)
Copper in concentrates ('000 tonnes) 96.8 153.7 140.6 61.7 162.3 183.7 224.0
Gold in concentrates ('000 ounces) 166 307 374 183 508 373 692
Silver in concentrates ('000 ounces) 562 928 907 404 738 1,073 1,142
(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 Q2 2017 results show the forecast from FCX's most recent five-year plan, because FCX is not releasing its actual 100% operating data for Q2 2017 until the release of its 2017 second-quarter results on 25 July 2017.
(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 30 June 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q2 Q3 Q4 Q1 Q2 H1 H1
interest 2016 2016 2016 2017 2017 2016 2017
COPPER & GOLD (continued)
Rio Tinto Kennecott
Bingham Canyon mine 100.0%
Utah, US
Ore treated ('000 tonnes) 7,512 9,698 8,827 9,508 10,709 14,898 20,216
Average ore grade:
Copper (%) 0.55 0.41 0.56 0.51 0.47 0.53 0.49
Gold (g/t) 0.18 0.25 0.31 0.32 0.29 0.18 0.30
Silver (g/t) 1.70 2.56 3.33 3.24 2.66 1.78 2.93
Molybdenum (%) 0.023 0.031 0.040 0.025 0.025 0.019 0.025
Copper concentrates produced ('000 tonnes) 152 154 190 189 205 304 394
Average concentrate grade (% Cu) 24.5 23.4 23.8 23.3 21.5 23.4 22.4
Production of metals in copper concentrates:
Copper ('000 tonnes) (a) 37.2 36.2 45.1 44.3 44.0 71.4 88.2
Gold ('000 ounces) 28 41 57 54 54 54 108
Silver ('000 ounces) 329 522 751 711 669 671 1,380
Molybdenum concentrates produced ('000 tonnes): 0.3 1.6 3.4 1.7 1.5 0.6 3.2
Molybdenum in concentrates ('000 tonnes) 0.2 0.8 1.8 0.9 0.8 0.3 1.6
Kennecott smelter & refinery 100.0%
Copper concentrates smelted ('000 tonnes) 167 220 207 136 160 325 296
Copper anodes produced ('000 tonnes) (b) 33.1 56.1 42.7 33.7 32.6 65.0 66.3
Production of refined metal:
Copper ('000 tonnes) 24.6 39.1 67.0 29.8 20.3 50.4 50.1
Gold ('000 ounces) (c) 35.3 29.7 40.6 51.1 43.0 65.1 94.2
Silver ('000 ounces) (c) 587 415 465 402 729 935 1,131
(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 30 June 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q2 Q3 Q4 Q1 Q2 H1 H1
interest 2016 2016 2016 2017 2017 2016 2017
COPPER & GOLD (continued)
Turquoise Hill Resources
Oyu Tolgoi mine (a) 33.5%
Mongolia
Ore Treated ('000 tonnes) 9,525 9,146 9,819 10,087 9,637 19,187 19,724
Average mill head grades:
Copper (%) 0.64 0.66 0.61 0.51 0.51 0.67 0.51
Gold (g/t) 0.33 0.21 0.25 0.15 0.16 0.48 0.15
Silver (g/t) 1.92 1.99 1.50 1.30 1.38 1.92 1.34
Copper concentrates produced ('000 tonnes) 207.1 203.2 206.7 176.0 171.0 436.6 347.0
Average concentrate grade (% Cu) 24.9 22.9 22.0 21.6 21.8 25.0 21.7
Production of metals in concentrates:
Copper in concentrates ('000 tonnes) 51.7 46.6 45.5 38.1 37.2 109.2 75.3
Gold in concentrates ('000 ounces) 69.6 37.4 49.4 24.8 23.9 213.2 48.6
Silver in concentrates ('000 ounces)
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