REG - Rio Tinto - Rio Tinto third quarter production results <Origin Href="QuoteRef">RIO.L</Origin> - Part 2
17/10/2017 07:06
- Part 2: For the preceding part double click ID:nRSQ7532Ta
Bingham Canyon 100% 0.8 1.8 0.9 0.8 1.4 1.1 3.0
SALT
Production ('000 tonnes)
Dampier Salt 68% 1,240 1,386 852 1,476 1,227 3,794 3,555
SILVER
Mine production ('000 ounces) (a)
Bingham Canyon 100% 522 751 711 669 357 1,193 1,737
Escondida 30% 369 397 163 370 521 1,394 1,054
Grasberg - Joint Venture (e) 40% 0 0 0 0 0 0 0
Oyu Tolgoi (f) 34% 121 91 72 79 80 385 231
Rio Tinto total mine production 1,011 1,239 946 1,118 959 2,971 3,022
Refined production ('000 ounces)
Rio Tinto Kennecott 100% 415 465 402 729 731 1,350 1,861
TITANIUM DIOXIDE SLAG
Production ('000 tonnes)
Rio Tinto Iron & Titanium (h) 100% 267 300 332 316 327 748 975
URANIUM
Production ('000 lbs U3O8) (i)
Energy Resources of Australia 68% 1,004 908 900 678 962 2,635 2,539
Rössing 69% 628 781 673 860 757 2,017 2,290
Rio Tinto total uranium production 1,633 1,690 1,573 1,538 1,718 4,653 4,829
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 1 September 2017, Rio Tinto completed the sale of
Coal & Allied, a wholly owned subsidiary of Rio Tinto
Coal Australia (RTCA) and production from these assets
is included to this date. This included 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, Mount
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,
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.
(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 September
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 Q3 Q4 Q1 Q2 Q3 9 MTHS 9 MTHS
interest 2016 2016 2017 2017 2017 2016 2017
ALUMINA
Smelter Grade Alumina - Aluminium Group
Alumina production ('000 tonnes)
Australia
Queensland Alumina Refinery - Queensland 80.0% 947 987 924 946 900 2,861 2,769
Yarwun refinery - Queensland 100.0% 747 821 819 778 790 2,355 2,387
Brazil
São Luis (Alumar) refinery 10.0% 916 957 895 931 937 2,750 2,763
Canada
Jonquière (Vaudreuil) refinery - Quebec (a) 100.0% 355 367 367 365 351 1,085 1,083
(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 31 31 32 30 84 93
Rio Tinto percentage interest shown above is at 30 September 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q3 Q4 Q1 Q2 Q3 9 MTHS 9 MTHS
interest 2016 2016 2017 2017 2017 2016 2017
ALUMINIUM
Primary Aluminium
Primary aluminium production ('000 tonnes)
Australia
Bell Bay smelter - Tasmania 100.0% 46 47 45 47 48 135 140
Boyne Island smelter - Queensland 59.4% 147 147 135 124 125 436 384
Tomago smelter - New South Wales 51.6% 149 149 145 147 149 441 441
Canada
Alma smelter - Quebec 100.0% 117 117 114 112 115 350 341
Alouette (Sept-Îles) smelter - Quebec 40.0% 152 153 149 149 150 456 448
Arvida smelter - Quebec 100.0% 43 43 41 43 43 129 127
Arvida AP60 smelter - Quebec 100.0% 15 15 15 15 14 45 44
Bécancour smelter - Quebec 25.1% 114 110 112 106 113 335 331
Grande-Baie smelter - Quebec 100.0% 58 58 57 57 58 170 172
Kitimat smelter - British Columbia 100.0% 109 109 107 109 108 299 323
Laterrière smelter - Quebec 100.0% 62 63 61 61 63 185 185
France
Dunkerque smelter 100.0% 71 71 70 71 71 208 212
Iceland
ISAL (Reykjavik) smelter 100.0% 51 52 52 53 53 153 158
New Zealand
Tiwai Point smelter 79.4% 85 85 84 84 84 253 252
Oman
Sohar smelter 20.0% 95 97 96 95 35 289 226
United Kingdom
Lochaber smelter (a) 0.0% 12 10 - - - 36 -
(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 September 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q3 Q4 Q1 Q2 Q3 9 MTHS 9 MTHS
interest 2016 2016 2017 2017 2017 2016 2017
BAUXITE
Bauxite production ('000 tonnes)
Australia
Gove mine - Northern Territory 100.0% 2,521 2,169 2,388 2,780 2,809 6,921 7,977
Weipa mine - Queensland 100.0% 7,642 7,700 6,893 7,805 7,895 21,726 22,594
Brazil
Porto Trombetas (MRN) mine 12.0% 4,441 4,296 2,974 4,071 4,103 12,166 11,148
Guinea
Sangaredi mine (a) 23.0% 3,836 3,856 3,699 3,979 3,711 12,167 11,390
Rio Tinto share of bauxite shipments
Share of total bauxite shipments ('000 tonnes) 12,743 11,996 11,605 12,164 12,913 35,579 36,683
Share of third party bauxite shipments ('000 tonnes) 8,093 7,345 6,927 7,962 8,250 21,962 23,140
(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 September 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q3 Q4 Q1 Q2 Q3 9 MTHS 9 MTHS
interest 2016 2016 2017 2017 2017 2016 2017
BORATES
Rio Tinto Borates - borates 100.0%
US
Borates ('000 tonnes) (a) 132 121 123 133 140 382 396
(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) 1,522 1,470 1,134 1,002 1,556 4,480 3,692
Thermal coal ('000 tonnes) 960 910 1,065 1,074 1,037 2,857 3,177
Hunter Valley Operations (b) 0.0%
New South Wales
Semi-soft coking coal ('000 tonnes) 1,245 859 800 284 445 2,861 1,529
Thermal coal ('000 tonnes) 2,361 2,550 2,851 3,539 2,112 7,375 8,502
Kestrel Coal mine 80.0%
Queensland
Hard coking coal ('000 tonnes) 1,158 1,227 816 916 1,210 2,850 2,943
Thermal coal ('000 tonnes) 281 271 159 177 282 574 617
Mount Thorley Operations (b) 0.0%
New South Wales
Semi-soft coking coal ('000 tonnes) 187 353 337 389 149 1,067 876
Thermal coal ('000 tonnes) 758 1,035 562 746 703 1,815 2,011
Rio Tinto percentage interest shown above is at 30 September 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q3 Q4 Q1 Q2 Q3 9 MTHS 9 MTHS
interest 2016 2016 2017 2017 2017 2016 2017
COAL (continued)
Warkworth mine (b) 0.0%
New South Wales
Semi-soft coking coal ('000 tonnes) 135 190 268 202 44 620 514
Thermal coal ('000 tonnes) 2,035 1,330 1,520 1,696 1,305 5,895 4,521
Total hard coking coal production ('000 tonnes) 2,680 2,697 1,950 1,918 2,766 7,331 6,635
Total semi-soft coking coal production ('000 tonnes) 1,567 1,402 1,405 875 639 4,547 2,919
Total thermal coal production ('000 tonnes) 6,395 6,096 6,156 7,232 5,439 19,993 18,827
Total coal production ('000 tonnes) 10,642 10,196 9,512 10,026 8,844 31,871 28,382
Total coal sales ('000 tonnes) 10,129 10,241 8,792 9,871 9,298 31,532 27,962
Rio Tinto Coal Australia share (c)
Share of hard coking coal sales ('000 tonnes) 2,332 2,395 1,524 1,717 2,511 6,309 5,753
Share of semi-soft coal sales ('000 tonnes) (d) 904 1,043 765 759 485 3,101 2,010
Share of thermal coal sales ('000 tonnes) (d) 3,958 3,979 3,946 4,539 3,804 12,504 12,289
(a) Rio Tinto sold its interest in the Bengalla Joint
Venture with an effective date of 1 March 2016.
(b) On 1 September 2017, Rio Tinto completed the sale of
Coal & Allied, a wholly owned subsidiary of Rio Tinto
Coal Australia (RTCA) and production from these assets
is included to this date. This included 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, Mount
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
September 2017. The data represent full production and
sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q3 Q4 Q1 Q2 Q3 9 MTHS 9 MTHS
interest 2016 2016 2017 2017 2017 2016 2017
COPPER & GOLD
Escondida 30.0%
Chile
Sulphide ore to concentrator ('000 tonnes) 20,787 19,866 8,054 18,777 24,080 64,881 50,911
Average copper grade (%) 0.87 1.02 1.01 1.07 1.06 0.94 1.06
Mill production (metals in concentrates):
Contained copper ('000 tonnes) 153.2 168.6 67.7 167.0 204.1 510.6 438.8
Contained gold ('000 ounces) 28 38 11 34 51 95 96
Contained silver ('000 ounces) 1,229 1,323 543 1,234 1,737 4,648 3,514
Recoverable copper in ore stacked for leaching ('000 tonnes) (a) 88.9 76.4 22.8 60.7 70.8 255.0 154.3
Refined production from leach plants:
Copper cathode production ('000 tonnes) 70.5 71.5 27.2 62.8 71.9 240.6 161.9
(a) The calculation of copper in material mined for leaching is based on ore stacked at the leach pad.
Freeport-McMoRan
Grasberg mine (a) 0.0% (b)
Papua, Indonesia
Ore treated ('000 tonnes) 16,608 15,630 7,849 11,242 16,625 44,998 35,715
Average mill head grades:
Copper (%) 1.02 1.08 1.15 1.03 0.92 0.86 1.00
Gold (g/t) 0.69 0.97 1.17 1.16 0.94 0.57 1.06
Silver (g/t) 3.45 3.67 5.26 4.09 2.23 2.89 3.48
Production of metals in concentrates:
Copper in concentrates ('000 tonnes) 153.8 153.1 81.0 103.9 139.6 346.2 324.5
Gold in concentrates ('000 ounces) 310 409 248 358 420 685 1,025
Silver in concentrates ('000 ounces) 1,170 1,237 667 900 709 2,558 2,276
Sales of payable metals in concentrates: (c)
Copper in concentrates ('000 tonnes) 153.7 140.6 61.7 124.6 131.1 337.4 317.4
Gold in concentrates ('000 ounces) 307 374 183 429 394 681 1,007
Silver in concentrates ('000 ounces) 928 907 404 851 532 2,001 1,787
(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 Q3 2017 results show the forecast from FCX's most recent five-year plan, because FCX is not releasing its actual 100% operating data for Q3 2017 until the release of its 2017 third-quarter results on 25 October 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 September 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q3 Q4 Q1 Q2 Q3 9 MTHS 9 MTHS
interest 2016 2016 2017 2017 2017 2016 2017
COPPER & GOLD (continued)
Rio Tinto Kennecott
Bingham Canyon mine 100.0%
Utah, US
Ore treated ('000 tonnes) 9,698 8,827 9,508 10,709 10,092 24,596 30,309
Average ore grade:
Copper (%) 0.41 0.56 0.51 0.47 0.29 0.48 0.42
Gold (g/t) 0.25 0.31 0.32 0.29 0.18 0.21 0.26
Silver (g/t) 2.56 3.33 3.24 2.66 1.51 2.09 2.46
Molybdenum (%) 0.031 0.040 0.025 0.025 0.032 0.024 0.028
Copper concentrates produced ('000 tonnes) 154 190 189 205 148 458 542
Average concentrate grade (% Cu) 23.4 23.8 23.3 21.5 17.3 23.4 21.0
Production of metals in copper concentrates:
Copper ('000 tonnes) (a) 36.2 45.1 44.3 44.0 25.8 107.6 114.0
Gold ('000 ounces) 41 57 54 54 34 96 142
Silver ('000 ounces) 522 751 711 669 357 1,193 1,737
Molybdenum concentrates produced ('000 tonnes): 1.6 3.4 1.7 1.5 2.8 2.2 6.0
Molybdenum in concentrates ('000 tonnes) 0.8 1.8 0.9 0.8 1.4 1.1 3.0
Kennecott smelter & refinery 100.0%
Copper concentrates smelted ('000 tonnes) 220 207 136 160 258 545 554
Copper anodes produced ('000 tonnes) (b) 56.1 42.7 33.7 32.6 50.6 121.1 117.0
Production of refined metal:
Copper ('000 tonnes) 39.1 67.0 29.8 20.3 53.6 89.5 103.7
Gold ('000 ounces) (c) 29.7 40.6 51.1 43.0 54.1 94.9 148.3
Silver ('000 ounces) (c) 415 465 402 729 731 1,350 1,861
(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 September 2017. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto Q3 Q4 Q1 Q2 Q3 9 MTHS 9 MTHS
interest 2016 2016 2017 2017 2017 2016 2017
COPPER & GOLD (continued)
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