REG - Rio Tinto - Third quarter operations review <Origin Href="QuoteRef">RIO.L</Origin> - Part 2
16/10/2015 07:00
- Part 2: For the preceding part double click ID:nRSP4597Ca
(g) 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.
(h) 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.
(i) Quantities comprise 100% of Rio Tinto Fer et Titane and Rio Tinto's 74% interest in Richards Bay Minerals (RBM).
(j) ERA production reported is 'drummed' U3O8.
The Rio Tinto percentage shown above is at 30 September 2015.
Rio Tinto's interest in the Benga and Clermont mines and the Alucam and SØRAL smelters were sold in 2014. No data for these operations are included in the Share of Production table.
Rio Tinto operational data
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS
interest 2014 2014 2015 2015 2015 2014 2015
ALUMINA
Smelter Grade Alumina - Aluminium Group
Alumina production ('000 tonnes)
Australia
Queensland Alumina Refinery - Queensland 80.0% 926 935 924 927 956 2,632 2,806
Yarwun refinery - Queensland 100.0% 656 687 683 700 703 2,001 2,087
Brazil
São Luis (Alumar) refinery 10.0% 938 953 862 940 928 2,686 2,730
Canada
Jonquière (Vaudreuil) refinery - Quebec (a) 100.0% 358 373 360 359 369 1,070 1,089
(a) Jonquière's (Vaudreuil's) production shows smelter grade alumina only and excludes hydrate produced and used for specialty alumina.
Smelter Grade Alumina - Other Aluminium
Alumina production ('000 tonnes)
Australia
Gove refinery - Northern Territory (a) 100.0% 0 0 0 0 0 676 0
(a) The curtailment of production at the Gove refinery was completed on 28 May 2014.
Specialty Alumina - Aluminium Group
Specialty alumina production ('000 tonnes)
Canada
Jonquière (Vaudreuil) plant - Quebec 100.0% 28 27 27 30 27 81 84
Rio Tinto percentage interest shown above is at 30 September 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS
interest 2014 2014 2015 2015 2015 2014 2015
ALUMINIUM
Primary Aluminium
Primary aluminium production ('000 tonnes)
Australia
Bell Bay smelter - Tasmania 100.0% 48 48 46 47 48 141 142
Boyne Island smelter - Queensland 59.4% 143 145 142 145 146 408 433
Tomago smelter - New South Wales 51.6% 142 144 141 145 147 417 434
Cameroon
Alucam (Edéa) smelter (a) 0.0% 24 22 - - - 70 -
Canada
Alma smelter - Quebec 100.0% 116 116 115 116 117 339 348
Alouette (Sept-Îles) smelter - Quebec 40.0% 146 147 147 152 153 436 453
Arvida smelter - Quebec 100.0% 44 44 43 43 43 129 129
Arvida AP60 smelter - Quebec 100.0% 15 15 14 15 15 44 44
Bécancour smelter - Quebec 25.1% 110 114 105 113 108 332 326
Grande-Baie smelter - Quebec 100.0% 55 55 54 55 56 166 165
Kitimat smelter - British Columbia 100.0% 28 24 20 15 23 101 58
Laterrière smelter - Quebec 100.0% 62 62 60 61 61 182 183
France
Dunkerque smelter 100.0% 68 68 67 68 69 202 205
Iceland
ISAL (Reykjavik) smelter 100.0% 51 52 51 51 48 153 151
New Zealand
Tiwai Point smelter 79.4% 82 82 82 83 84 245 249
Norway
SØRAL (Husnes) smelter (b) 0.0% 23 8 - - - 69 -
Oman
Sohar smelter 20.0% 92 93 93 94 94 271 281
United Kingdom
Lochaber smelter 100.0% 10 11 12 12 12 31 35
(a) Rio Tinto sold its 46.7% interest in the Alucam (Edéa) smelter with an effective date of 31 December 2014. Production data are shown up to that date.
(b) Rio Tinto sold its 50% interest in the SØRAL (Husnes) smelter with an effective date of 31 October 2014. Production data are shown up to that date.
Rio Tinto percentage interest shown above is at 30 September 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS
interest 2014 2014 2015 2015 2015 2014 2015
BAUXITE
Bauxite production ('000 tonnes)
Australia
Gove mine - Northern Territory 100.0% 1,725 1,574 1,710 1,863 1,966 4,954 5,538
Weipa mine - Queensland 100.0% 6,844 6,944 6,704 6,941 7,119 19,322 20,764
Brazil
Porto Trombetas (MRN) mine 12.0% 4,177 4,633 3,651 3,723 4,351 11,743 11,726
Guinea
Sangaredi mine (a) 23.0% 4,043 3,823 3,627 3,209 3,735 11,979 10,571
Rio Tinto share of bauxite shipments
Share of total bauxite shipments ('000 tonnes) 10,671 10,851 10,487 10,926 11,159 30,566 32,572
Share of third party bauxite shipments ('000 tonnes) 6,523 6,502 6,372 6,848 6,773 16,755 19,993
(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 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS
interest 2014 2014 2015 2015 2015 2014 2015
BORATES
Rio Tinto Minerals - borates 100.0%
US
Borates ('000 tonnes) (a) 127 123 129 124 115 385 369
(a) Production is expressed as B2O3 content.
COAL
Rio Tinto Coal Australia
Bengalla mine (a) 32.0%
New South Wales
Thermal coal ('000 tonnes) 2,083 2,061 2,341 1,776 2,036 6,497 6,153
Clermont Coal mine (b) 0.0%
Queensland
Thermal coal ('000 tonnes) - - - - - 4,832 -
Hail Creek Coal mine 82.0%
Queensland
Hard coking coal ('000 tonnes) 1,557 1,853 1,450 1,645 1,740 4,639 4,835
Thermal coal ('000 tonnes) 856 639 884 733 773 1,665 2,390
Hunter Valley Operations 80.0%
New South Wales
Semi-soft coking coal ('000 tonnes) 365 550 574 976 731 1,385 2,281
Thermal coal ('000 tonnes) 3,415 2,844 2,730 1,974 2,406 9,080 7,109
Kestrel Coal mine 80.0%
Queensland
Hard coking coal ('000 tonnes) 621 149 1,017 940 536 2,014 2,493
Thermal coal ('000 tonnes) 56 311 118 178 109 253 405
Mount Thorley Operations 64.0%
New South Wales
Semi-soft coking coal ('000 tonnes) 496 333 485 263 396 1,620 1,144
Thermal coal ('000 tonnes) 780 200 551 809 854 2,041 2,214
Rio Tinto percentage interest shown above is at 30 September 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS
interest 2014 2014 2015 2015 2015 2014 2015
COAL (continued)
Warkworth mine 44.5%
New South Wales
Semi-soft coking coal ('000 tonnes) 80 170 287 170 201 763 659
Thermal coal ('000 tonnes) 1,598 2,073 1,478 1,499 1,740 4,729 4,717
Total hard coking coal production ('000 tonnes) 2,178 2,002 2,467 2,585 2,277 6,653 7,328
Total semi-soft coking coal production ('000 tonnes) 942 1,052 1,347 1,408 1,329 3,768 4,084
Total thermal coal production ('000 tonnes) 8,787 8,129 8,101 6,968 7,918 29,098 22,988
Total coal production ('000 tonnes) 11,906 11,183 11,915 10,961 11,524 39,519 34,400
Total coal sales ('000 tonnes) 11,409 12,395 11,926 11,016 11,455 38,992 34,397
Rio Tinto Coal Australia share (c)
Share of hard coking coal sales ('000 tonnes) 1,563 1,978 1,925 2,405 1,722 5,705 6,052
Share of semi-soft coal sales ('000 tonnes) (d) 790 812 929 963 932 2,413 2,825
Share of thermal coal sales ('000 tonnes) (d) 4,972 5,183 4,781 3,913 4,689 16,246 13,383
(a) On 30 September 2015, Rio Tinto announced that it had reached a binding agreement for the sale of its interest in the Bengalla Joint Venture.
(b) Rio Tinto sold its 50.1% interest in the Clermont mine with an effective date of 29 May 2014. Production data are shown up to that date.
(c) Kestrel produces hard coking coal and thermal coal through its mining operations. These coals may be blended at ports.
(d) Sales relate only to coal mined by the operations and exclude traded coal.
Rio Tinto Coal Mozambique
Benga mine (a) 0.0%
Hard coking coal production ('000 tonnes) 236 26 - - - 615 -
Thermal coal production ('000 tonnes) 216 23 - - - 570 -
(a) Rio Tinto completed the sale of Rio Tinto Coal Mozambique and its 65% interest in the Benga mine with an effective date of 7 October 2014. Production data are shown up to that date.
Rio Tinto percentage interest shown above is at 30 September 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS
interest 2014 2014 2015 2015 2015 2014 2015
COPPER & GOLD
Escondida 30.0%
Chile
Sulphide ore to concentrator ('000 tonnes) 20,652 18,354 21,382 22,909 22,820 63,140 67,111
Average copper grade (%) 1.20 1.45 1.49 1.32 1.00 1.22 1.27
Mill production (metals in concentrates):
Contained copper ('000 tonnes) 205.5 215.7 270.6 249.6 169.7 636.7 690.0
Contained gold ('000 ounces) 22 13 21 26 24 77 71
Contained silver ('000 ounces) 1,159 958 1,355 1,314 1,181 3,924 3,850
Recoverable copper in ore stacked for leaching ('000 tonnes) (a) 75.3 80.5 83.5 78.5 76.5 204.7 238.5
Refined production from leach plants:
Copper cathode production ('000 tonnes) 69.3 75.0 77.3 88.8 71.5 226.6 237.6
(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) 12,488 11,512 14,123 16,095 16,399 32,473 46,617
Average mill head grades:
Copper (%) 0.88 0.79 0.57 0.67 0.67 0.78 0.64
Gold (g/t) 1.28 1.14 0.68 0.86 0.77 0.94 0.77
Silver (g/t) 3.90 3.37 2.13 2.44 2.21 3.48 2.27
Production of metals in concentrates:
Copper in concentrates ('000 tonnes) 97.7 82.3 72.2 96.5 95.8 224.0 264.5
Gold in concentrates ('000 ounces) 439 366 262 371 321 801 955
Silver in concentrates ('000 ounces) 913 771 558 759 649 1,970 1,966
Sales of payable metals in concentrates: (c)
Copper in concentrates ('000 tonnes) 120.0 83.9 70.4 88.8 94.6 224.9 253.7
Gold in concentrates ('000 ounces) 505 366 260 346 320 804 926
Silver in concentrates ('000 ounces) 889 623 435 558 512 1,589 1,505
(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 3Q 2015 results show the forecast from FCX's most recent five-year plan, because FCX is not releasing its actual 100% operating data for 3Q 2015 until the release of its 2015 third-quarter results on 22 October 2015.
(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 2015. The data represent full production and sales on a 100% basis unless otherwise stated.
Rio Tinto operational data
Rio Tinto 3Q 4Q 1Q 2Q 3Q 9 MTHS 9 MTHS
interest 2014 2014 2015 2015 2015 2014 2015
COPPER & GOLD (continued)
Kennecott Utah Copper
Barneys Canyon mine (a) 100.0%
Utah, US
Gold produced ('000 ounces) 0.0 0.0 0.0 0.0 0.0 0.4 0.0
Bingham Canyon mine 100.0%
Utah, US
Ore treated ('000 tonnes) 12,184 6,404 9,819 8,208 8,581 34,579 26,607
Average ore grade:
Copper (%) 0.49 0.37 0.31 0.25 0.30 0.59 0.29
Gold (g/t) 0.33 0.26 0.21 0.17 0.17 0.30 0.18
Silver (g/t) 3.01 2.22 2.22 1.99 2.07 2.95 2.10
Molybdenum (%) 0.069 0.060 0.041 0.046 0.035 0.048 0.041
Copper concentrates produced ('000 tonnes) 193 82 133 84 116 717 334
Average concentrate grade (% Cu) 27.2 24.8 19.9 20.6 18.9 25.6 19.7
Production of metals in copper concentrates:
Copper ('000 tonnes) (b)
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