1Q 2006 operations review
Rio Tinto PLC
20 April 2006
First quarter 2006 operations review
• Production of most principal commodities was above the comparative
period of 2005.
• Most mines and plants operated at or near capacity in order to take
advantage of strong markets.
• The Group's share of iron ore production increased by four per cent
compared with the first quarter of 2005 as the expansion programme continued.
This increase was achieved notwithstanding the impact of heavy rains
following a succession of cyclones in the Pilbara region of Western
Australia.
• Strong operational performance at the Kennecott Utah Copper smelter led to
significantly increased levels of refined production. The optimisation of
mine production in favour of molybdenum continued.
• Production from the Comalco Alumina Refinery increased in the first quarter
and was the strongest quarter to date, with March production the best
month since production commenced.
• Higher production levels of titanium dioxide feedstocks reflected the
strength of current customer demand.
• Australian hard coking coal production was in line with a short term decline
in demand, as customers drew down on inventories, pending settlement on
prices for 2006.
All currency figures in this report are US dollars unless otherwise stated.
IRON ORE AND IRON
Rio Tinto share of production (000 tonnes)
Q1 06 vs Q1 05 vs Q4 05
Hamersley 20,371 +9% -9%
Robe River 5,986 -9% -19%
IOC (pellets and concentrate) 1,871 -7% -23%
Global iron ore demand remains strong with supply limited. In March, the Hope
Downs Joint Venture lodged a development application for its iron ore prospect
with the Western Australian government. In April, Rio Tinto was granted a mining
concession by the Government of Guinea for the development of the Simandou iron
ore project in west Africa.
Hamersley and Robe River
Adverse weather associated with a very active cyclone season affected the
Group's iron ore operations in Western Australia. Following five cyclones, four
of which crossed the coast, heavy rains resulted in temporary closures of the
rail line and flooding of several mines. Production was disrupted at Hamersley
and Robe leading to some lost tonnage in the first quarter. The severity of the
weather conditions is likely to have a modest effect on iron ore production
early in the second quarter and a consequent increase in unit cash costs.
Notwithstanding this, Hamersley's first quarter production was nine per cent
higher than the corresponding quarter of 2005 whilst production at Pannawonica
and West Angelas was lower than the same period in 2005 and the preceding
quarter.
HIsmelt
HIsmelt commenced production in 2005 and process trials continued throughout the
first quarter of 2006, with 4,033 tonnes of pig iron produced. A two month
furnace re-line took place during the quarter and the plant was restarted on 1
April. The plant has reached production rates of 35 per cent of nameplate
capacity, in line with expectations, and is continuing to ramp up production.
Iron Ore Company of Canada
First quarter production was constrained by severe winter weather.
ENERGY
US thermal coal
Rio Tinto share of production (000 tonnes)
Q1 06 vs Q1 05 vs Q4 05
Kennecott Energy 29,481 +1% +1%
Production was one per cent above the first and last quarter of 2005 mainly due
to the acceleration of the approved expansion project at the Antelope mine,
where a quarterly production record was set. This increase more than offset a
decline in production at Spring Creek following a planned two week outage to
upgrade the crushing, conveying and loading facilities.
Australian coal
Rio Tinto share of production (000 tonnes)
Q1 06 vs Q1 05 vs Q4 05
Rio Tinto Coal Australia
Hard coking coal 1,126 -41% -29%
Other coal 7,618 -5% +1%
Production of hard coking coal at Hail Creek matched a short term decline in
demand during the first quarter. Most customers had lifted contract tonnage by
the end of 2005 and relied on stocks in anticipation of lower price settlements
in 2006. Production from the Hunter Valley operations was in line with the
allocation set under the Port Waratah Coal Services capacity balancing system.
INDUSTRIAL MINERALS
Rio Tinto share of production (000 tonnes)
Q1 06 vs Q1 05 vs Q4 05
Borates 129 +6% -15%
Titanium dioxide feedstock 344 +7% +3%
First quarter borates production was six per cent higher than the first quarter
of 2005 which was affected by prolonged wet weather at the Boron mine in
California. Production fell compared with the fourth quarter in line with
customer deliveries.
Increased production of titanium dioxide feedstocks reflected the strength of
current demand and QIT's recently completed Upgraded Slag (UGS) expansion to
325,000 tonnes per annum. The UGS expansion to 375,000 tonnes per annum is
proceeding as scheduled.
ALUMINIUM
Rio Tinto share of production (000 tonnes)
Q1 06 vs Q1 05 vs Q4 05
Rio Tinto Aluminium
Bauxite 3,843 +12% -16%
Alumina 778 +10% +4%
Aluminium 207.1 -1% -4%
Bauxite production was 12 per cent higher than the comparative period in 2005
attributable to the successful commissioning of the Andoom mine and processing
plant within the NeWeipa project. The decrease compared with the preceding
quarter was due to wet weather in January and full product stockpiles.
First quarter production from the Comalco Alumina Refinery at 257,000 tonnes was
the highest quarter to date as the plant ramps up to nameplate capacity of 1.4
million tonnes per annum. Production at Queensland Alumina and Eurallumina was
in line with the first quarter of 2005.
Production at the aluminium smelters was slightly behind the first quarter of
2005, primarily due to voluntary production cutbacks at Tiwai Point, because of
low rainfall and consequent hydropower constraints.
COPPER
Rio Tinto share of production (000 tonnes)
Q1 06 vs Q1 05 vs Q4 05
Kennecott Utah Copper
Mined copper (000 tonnes) 61.6 -1% +19%
Refined copper (000 tonnes) 70.9 +24% +9%
Molybdenum (000 tonnes) 4.4 +14% -3%
Mined gold (000 ozs) 133 +11% +28%
Refined gold (000 ozs) 118 +31% +7%
Escondida
Mined copper (000 tonnes) 100.4 +18% +0%
Grasberg JV
Mined copper (000 tonnes) 11.9 -54% -69%
Mined gold (000 ozs) 9 -94% -96%
Kennecott Utah Copper
The optimisation of mine production in favour of molybdenum continued. Gold
contained in copper concentrate was higher compared to the same period in 2005
due to higher grades. Production of molybdenum increased compared to the first
quarter of 2005 as a result of improved recovery rates following the completion
of the moly plant expansion project at the end of the second quarter of 2005.
Refined copper and gold production was higher in the first quarter of 2006
compared with the same period of 2005 due to strong operational performance at
the smelter.
Escondida
First quarter mined copper production was 18 per cent higher than the first
quarter of 2005 as a result of higher grades and production from the Norte pit
following its commissioning in September 2005.
Grasberg
Lower grades for copper, gold and silver as a result of mine sequencing led to
lower production for all three commodities.
Other copper operations
Higher volumes of copper concentrate at Palabora were attributable to increased
throughput whilst lower levels of concentrate smelted and anode production
resulted from a scheduled 40 day smelter shutdown. At Northparkes, increased
production compared to the first and last quarters of 2005 reflected the move to
Lift 2 underground ore where grades are significantly higher.
DIAMONDS
Rio Tinto share of production (000 carats)
Q1 06 vs Q1 05 vs Q4 05
Argyle 5,214 -40% -19%
Diavik 1,073 +2% -2%
Argyle
Tonnes processed for the quarter were lower than the same quarter of 2005 due to
wet weather and the processing of ore of variable quality. Carat production
reflects the lower tonnes processed and lower grade in line with the revised
life of mine plan. Continuing variability in production levels can be expected
as the mine reaches the end of the open-pit life.
Diavik
Throughput at Diavik was comparable with the prior quarter and the first quarter
of 2005. Grades were similar to the previous quarter with a relatively constant
mix from higher grade A154S ore and lower grade A154N ore.
EXPLORATION AND EVALUATION
Pre-tax expenditure on exploration and evaluation charged to the profit and loss
account to the first quarter 2006 was US$57 million compared with US$30 million
in the comparable quarter of 2005. US$13 million of this expenditure was charged
against business unit earnings.
In the Pilbara region of Western Australia five new iron ore deposits were
handed over to the product group evaluation team.
Exploration drilling continued on copper targets in Chile, Argentina, Mexico and
the US. Diamond exploration continued in Canada, Botswana, Mauritania, India
and Brazil. Iron ore exploration continued in Western Australia and in west
Africa. Exploration for thermal and coking coal opportunities continued in
southern Africa, North America, South America and Mongolia. At La Sampala
(nickel, Indonesia), negotiations for a Contract of Work continued.
Progress is being made to advance ongoing exploration and evaluation of the La
Granja copper (Peru) and Jarandol borate (Serbia) projects, both won by
competitive tender in the fourth quarter of 2005.
Brownfield exploration is underway at a number of Rio Tinto businesses, with
notable efforts to expand resources continuing in the Pilbara, at Kennecott Utah
Copper, on the Freeport and Cortez Joint Ventures, at Greens Creek and at
Northparkes.
Evaluation work continued at Eagle (nickel/copper, US), Sari Gunay (gold, Iran),
Resolution (copper/gold, US), Potasio Rio Colorado (potash, Argentina) and
Simandou (iron ore, Guinea).
CAPITAL MANAGEMENT PROGRAMME
During the first quarter of 2006, the Group bought back $378 million of Rio
Tinto plc shares under the 2006/2007 $2.5 billion share buyback programme
announced on 2 February 2006. This replaced the 2005/2006 programme under which
$972 million was returned to shareholders of Rio Tinto plc and Rio Tinto
Limited.
For further information, please contact:
LONDON AUSTRALIA
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Nigel Jones Dave Skinner
Office: +44 (0) 20 7753 2401 Office: +61 (0) 3 9283 3628
Mobile: +44 (0) 7917 227 365 Mobile: +61 (0) 408 335 309
David Ovington Susie Creswell
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Mobile: +44 (0) 7920 010978 Mobile: +61 (0) 418 933 792
Website: www.riotinto.com
High resolution photographs available at: www.newscast.co.uk
RIO TINTO PRODUCTION SUMMARY
RIO TINTO SHARE OF PRODUCTION
QUARTER FULL YEAR % CHANGE
2005 2005 2006 2005 Q1 06 Q1 06
Q1 Q4 Q1 vs vs
Principal Commodities Q4 05 Q1 05
Alumina ('000 t) 710 748 778 2,963 4% 10%
Aluminium ('000 t) 208.3 215.6 207.1 853.7 -4% -1%
Borates ('000 t) 122 151 129 560 -15% 6%
Coal - hard coking coal ('000 t) 1,902 1,585 1,126 7,195 -29% -41%
Coal - other Australian ('000 t) 7,993 7,576 7,618 30,863 1% -5%
Coal - US ('000 t) 29,240 29,135 29,481 115,580 1% 1%
Copper - mined ('000 t) 188.2 210.7 196.5 784.4 -7% 4%
Copper - refined ('000 t) 77.8 85.5 85.6 314.5 0% 10%
Diamonds ('000 cts) 9,733 7,598 6,324 35,635 -17% -35%
Gold - mined ('000 ozs) 460 469 221 1,726 -53% -52%
Gold - refined ('000 ozs) 90 110 118 369 7% 31%
Iron ore ('000 t) 27,618 32,522 28,668 124,494 -12% 4%
Titanium dioxide feedstock ('000 t) 321 335 344 1,312 3% 7%
Other Metals & Minerals
Bauxite ('000 t) 3,443 4,576 3,843 15,474 -16% 12%
Lead - mined ('000 t) 3.4 2.7 3.0 11.9 13% -10%
Molybdenum ('000 t) 3.9 4.6 4.4 15.6 -3% 14%
Pig Iron ('000 t) - 5.4 2.4 5.4 -55% -
Salt ('000 t) 1,383 1,610 1,209 5,507 -25% -13%
Silver - mined ('000 ozs) 4,020 3,982 3,180 14,926 -20% -21%
Silver - refined ('000 ozs) 755 814 1,398 3,538 72% 85%
Talc ('000 t) 325 346 381 1,364 10% 17%
Uranium (tonnes) 1,617 1,785 1,508 6,582 -16% -7%
Zinc - mined ('000 t) 10.0 8.7 8.6 37.2 -2% -14%
Throughout this report, figures in italics indicate adjustments made since the
figure was previously quoted on the equivalent page.
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 full year figures.
RIO TINTO SHARE OF PRODUCTION
FULL
Rio Tinto 1Q 2Q 3Q 4Q 1Q YEAR
interest 2005 2005 2005 2005 2006 2005
ALUMINA
Production ('000 tonnes)
Comalco Alumina Refinery 100% 196 228 191 220 257 835
Eurallumina 56% 148 150 150 153 152 601
Queensland Alumina 39% 366 401 384 375 369 1,526
Rio Tinto total alumina production 710 779 725 748 778 2,963
ALUMINIUM
Refined production ('000 tonnes)
Anglesey 51% 18.2 18.2 18.3 18.7 18.5 73.4
Bell Bay 100% 42.8 43.5 43.9 43.6 43.2 173.8
Boyne Island 59% 79.5 81.6 82.4 82.7 80.4 326.2
Tiwai Point 79% 67.8 70.0 72.0 70.6 65.0 280.3
Rio Tinto total aluminium production 208.3 213.3 216.6 215.6 207.1 853.7
BAUXITE
Production ('000 tonnes)
Weipa 100% 3,443 3,674 3,781 4,576 3,843 15,474
BORATES
Borates ('000 tonnes B2O3 content)
Rio Tinto total borate production 100% 122 146 141 151 129 560
COAL - HARD COKING
Rio Tinto Coal Australia (a)
('000 tonnes)
Hail Creek Coal 82% 1,136 1,223 1,208 1,270 617 4,838
Kestrel Coal 80% 766 729 547 315 508 2,357
Rio Tinto total hard coking coal 1,902 1,952 1,755 1,585 1,126 7,195
production
COAL - OTHER *
Rio Tinto Coal Australia (a) ('000
tonnes)
Bengalla 30% 433 386 366 622 330 1,806
Blair Athol Coal 71% 1,892 1,789 1,994 1,876 1,730 7,551
Hunter Valley Operations 76% 2,525 2,292 2,259 2,293 2,124 9,369
Kestrel Coal 80% 160 227 143 89 125 619
Mount Thorley Operations 61% 597 648 664 491 763 2,400
Tarong Coal 100% 1,784 1,334 1,804 1,549 1,803 6,470
Warkworth 42% 602 622 766 657 744 2,647
Total Australian other coal 7,993 7,298 7,996 7,576 7,618 30,863
Kennecott Energy ('000 tonnes)
Antelope 100% 6,687 6,788 7,287 6,413 7,501 27,174
Colowyo (b) 1,315 1,315 1,219 1,477 1,468 5,325
Cordero Rojo 100% 9,170 8,736 7,687 8,642 8,675 34,234
Decker 50% 540 872 841 890 776 3,144
Jacobs Ranch 100% 9,032 8,188 8,014 8,590 8,513 33,823
Spring Creek 100% 2,497 3,018 3,243 3,122 2,549 11,881
Total US coal 29,240 28,916 28,290 29,135 29,481 115,580
Rio Tinto total other coal 37,233 36,214 36,286 36,710 37,099 146,443
production
COPPER
Mine production ('000 tonnes)
Bingham Canyon 100% 62.1 56.7 50.2 51.6 61.6 220.6
Escondida 30% 84.9 94.1 101.7 100.4 100.4 381.1
Grasberg - Joint Venture (c) 40% 25.7 22.0 23.6 38.2 11.9 109.6
Northparkes 80% 8.6 9.5 11.8 13.3 15.5 43.2
Palabora (d) 47% 6.9 7.7 8.2 7.2 7.2 30.0
Rio Tinto total mine production 188.2 190.1 195.4 210.7 196.5 784.4
Refined production ('000 tonnes)
Escondida 30% 11.4 11.2 10.2 10.4 8.0 43.2
Kennecott Utah Copper 100% 57.2 41.5 68.1 65.1 70.9 232.0
Palabora (d) 47% 9.2 9.3 10.8 9.9 6.7 39.3
Rio Tinto total refined production 77.8 62.0 89.2 85.5 85.6 314.5
DIAMONDS
Production ('000 carats)
Argyle 100% 8,633 9,393 5,995 6,455 5,214 30,476
Diavik 60% 1,049 1,509 1,306 1,098 1,073 4,963
Murowa 78% 51 52 48 44 38 195
Rio Tinto total diamond production 9,733 10,954 7,349 7,598 6,324 35,635
Mine production figures for metals refer to the total quantity of metal produced
in concentrates or dore bullion irrespective of whether these products are then
refined on-site.
• Coal - other includes thermal coal and semi-soft coking coal.
See footnotes on page 10.
RIO TINTO SHARE OF PRODUCTION (continued)
FULL
Rio Tinto 1Q 2Q 3Q 4Q 1Q YEAR
interest 2005 2005 2005 2005 2006 2005
GOLD
Mine production ('000 ounces)
Barneys Canyon 100% 4 4 4 4 4 16
Bingham Canyon 100% 115 95 92 99 129 401
Cortez/Pipeline 40% 88 110 89 74 35 361
Escondida 30% 16 13 13 13 12 55
Grasberg - Joint Venture (c) 40% 159 140 122 248 9 670
Greens Creek 70% 15 14 11 12 11 51
Kelian (e) 90% 31 8 - - - 38
Lihir (f) 0% 15 19 28 - - 61
Northparkes 80% 10 11 12 13 16 46
Rawhide 51% 6 5 3 4 4 18
Others - 2 2 2 2 2 7
Rio Tinto total mine production 460 420 376 469 221 1,726
Refined production ('000 ounces)
Kennecott Utah Copper 100% 90 76 92 110 118 369
IRON ORE & IRON
Production ('000 tonnes)
Channar 60% 1,524 1,311 1,371 980 1,211 5,186
Corumba 100% 377 372 371 290 440 1,410
Eastern Range (g) 1,295 1,831 1,897 1,536 1,756 6,559
Hamersley 100% 15,836 19,704 18,915 19,931 17,404 74,387
Iron Ore Company of Canada (h) 59% 2,014 2,459 2,292 2,424 1,871 9,188
Robe River 53% 6,572 6,489 7,341 7,362 5,986 27,764
Rio Tinto total mine production 27,618 32,166 32,187 32,522 28,668 124,494
Pig iron production ('000 tonnes)
HIsmelt(R) (i) 60% - - - 5 2 -
LEAD
Mine production ('000 tonnes)
Greens Creek 70% 3.4 3.3 2.5 2.7 3.0 11.9
MOLYBDENUM
Mine production ('000 tonnes)
Bingham Canyon 100% 3.9 3.3 3.9 4.6 4.4 15.6
SALT
Production ('000 tonnes)
Dampier Salt 65% 1,383 1,392 1,121 1,610 1,209 5,507
SILVER
Mine production ('000 ounces)
Bingham Canyon 100% 1,140 1,050 884 884 1,036 3,958
Escondida 30% 434 439 505 593 457 1,970
Grasberg - Joint Venture (c) 40% 118 249 280 718 19 1,364
Greens Creek 70% 2,120 1,797 1,313 1,562 1,451 6,791
Others - 209 193 216 226 216 843
Rio Tinto total mine production 4,020 3,726 3,197 3,982 3,180 14,926
Refined production ('000 ounces)
Kennecott Utah Copper 100% 755 1,138 830 814 1,398 3,538
TALC
Production ('000 tonnes)
Luzenac Group 100% 325 365 328 346 381 1,364
TITANIUM DIOXIDE FEEDSTOCK
Production ('000 tonnes)
Rio Tinto Iron & Titanium 100% 321 328 327 335 344 1,312
URANIUM
Production (tonnes U3O8)
Energy Resources of Australia 68% 1,025 936 1,035 1,040 938 4,037
Rossing 69% 592 497 712 745 569 2,545
Rio Tinto total uranium production 1,617 1,434 1,747 1,785 1,508 6,582
ZINC
Mine production ('000 tonnes)
Greens Creek 70% 10.0 10.4 8.1 8.7 8.6 37.2
Mine production figures for metals refer to the total quantity of metal produced
in concentrates or dore bullion irrespective of whether these products are then
refined on-site, except for the data for iron ore which represent production of
saleable quantities of ore plus pellets.
See footnotes on page 10.
RIO TINTO SHARE OF PRODUCTION (continued)
Production data notes
(a) Rio Tinto Coal Australia manages all the operations below; including the
mines which were previously reported separately under the Coal & Allied name.
(b) In view of Kennecott Energy's responsibilities under a management
agreement for the operation of the Colowyo mine, all of Colowyo's output is
included in Rio Tinto's share of production.
(c) Through a joint venture agreement with Freeport-McMoRan Copper & Gold
(FCX), Rio Tinto is entitled to 40% of additional material mined as a
consequence of expansions and developments of the Grasberg facilities since
1998.
(d) During the second half of 2005, the conversion of debentures into
ordinary shares resulted in a dilution of Rio Tinto's shareholding in Palabora
from 49.2% to 47.2%. The conversions continued during the first quarter of 2006
and the Rio Tinto shareholding at the end of the quarter was 46.5%.
(e) Kelian ceased processing ore on 7 February 2005 and the final gold pour
was on 27 May 2005.
(f) On 30 November 2005, Rio Tinto sold its interest in Lihir Gold; it had
agreed in September 2005 to relinquish the management agreement for Lihir. The
production data are shown up to 30 September 2005, from which date the Rio Tinto
interest in Lihir was held as an investment rather than being equity accounted.
(g) Rio Tinto's share of production includes 100% of the production from 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.
(h) Rio Tinto sold its 19% interest in the Labrador Iron Ore Royalty Income
Fund on 23 March 2005. The Fund has a shareholding in Iron Ore Company of Canada
but this was not included in the calculation of tonnage attributable to Rio
Tinto.
(i) HIsmelt(R) commenced production during 2005.
Where Rio Tinto's beneficial interest in an operation has changed, as indicated
above, the share of production has been calculated using the weighted average
interest over the relevant periods. Rio Tinto percentage interest shown above is
at 31 March 2006.
RIO TINTO OPERATIONAL DATA
FULL
Rio Tinto 1Q 2Q 3Q 4Q 1Q YEAR
interest 2005 2005 2005 2005 2006 2005
ALUMINIUM
Rio Tinto Aluminium
Weipa mine 100.0%
Queensland, Australia
Beneficiated bauxite production ('000 tonnes) 3,443 3,674 3,781 4,576 3,843 15,474
Metal grade bauxite shipments ('000 tonnes) 3,466 3,472 3,979 4,034 3,788 14,952
Calcined bauxite production ('000 tonnes) 32 42 34 22 47 130
Comalco Alumina Refinery 100.0%
Queensland, Australia
Alumina production ('000 tonnes) 196 228 191 220 257 835
Eurallumina refinery 56.2%
Sardinia, Italy
Alumina production ('000 tonnes) 264 267 267 273 271 1,070
Queensland Alumina refinery 38.6%
Queensland, Australia
Alumina production ('000 tonnes) 948 1,038 995 972 956 3,953
Anglesey Aluminium smelter 51.0%
United Kingdom
Primary aluminium production ('000 tonnes) 35.6 35.8 35.8 36.7 36.2 143.9
Bell Bay smelter 100.0%
Tasmania, Australia
Primary aluminium production ('000 tonnes) 42.8 43.5 43.9 43.6 43.2 173.8
Boyne Island smelter 59.4%
Queensland, Australia
Primary aluminium production ('000 tonnes) 132.5 136.1 137.9 138.4 134.7 544.9
Tiwai Point smelter 79.4%
New Zealand
Primary aluminium production ('000 tonnes) 85.4 87.7 90.2 88.1 81.6 351.4
Rio Tinto Aluminium share
Share of primary aluminium sales ('000 196.7 215.3 221.6 225.0 200.2 858.6
tonnes)
BORATES
Rio Tinto Borax 100.0%
California, US and Argentina
Borates ('000 tonnes) (a) 122 146 141 151 129 560
(a) Production is expressed as B2O3 content.
COAL
Kennecott Energy and Coal Company
Antelope mine 100.0%
Wyoming, US
Thermal coal production ('000 tonnes) 6,687 6,788 7,287 6,413 7,501 27,174
Colowyo mine (a)
Colorado, US
Thermal coal production ('000 tonnes) 1,315 1,315 1,219 1,477 1,468 5,325
Cordero Rojo mine 100.0%
Wyoming, US
Thermal coal production ('000 tonnes) 9,170 8,736 7,687 8,642 8,675 34,234
Decker mine 50.0%
Montana, US
Thermal coal production ('000 tonnes) 1,080 1,745 1,683 1,781 1,552 6,288
Jacobs Ranch mine 100.0%
Wyoming, US
Thermal coal production ('000 tonnes) 9,032 8,188 8,014 8,590 8,513 33,823
Spring Creek mine 100.0%
Montana, US
Thermal coal production ('000 tonnes) 2,497 3,018 3,243 3,122 2,549 11,881
Total coal production ('000 tonnes) 29,780 29,789 29,131 30,025 30,257 118,724
Total coal sales ('000 tonnes) 29,780 29,789 29,131 30,025 30,257 118,724
(a) In view of Kennecott Energy's responsibilities under a management
agreement for the operation of the Colowyo mine, all of Colowyo's output is
included in Rio Tinto's share of production.
Rio Tinto percentage interest shown above is at 31 March 2006. The data
represent full production and sales on a 100% basis unless otherwise stated.
RIO TINTO OPERATIONAL DATA
FULL
Rio Tinto 1Q 2Q 3Q 4Q 1Q YEAR
interest 2005 2005 2005 2005 2006 2005
COAL (continued)
Rio Tinto Coal Australia (a)
Bengalla mine 30.3%
New South Wales, Australia
Thermal coal production ('000 tonnes) 1,430 1,274 1,208 2,053 1,088 5,965
Blair Athol Coal mine 71.2%
Queensland, Australia
Thermal coal production ('000 tonnes) 2,655 2,512 2,799 2,634 2,429 10,600
Hail Creek Coal mine 82.0%
Queensland, Australia
Hard coking coal production ('000 tonnes) 1,386 1,492 1,473 1,549 753 5,900
Hunter Valley Operations 75.7%
New South Wales, Australia
Thermal coal production ('000 tonnes) 2,765 2,497 2,429 2,651 2,386 10,341
Semi-soft coking coal production ('000 570 530 555 378 419 2,033
tonnes)
Kestrel Coal mine 80.0%
Queensland, Australia
Thermal coal production ('000 tonnes) 200 283 179 112 156 774
Hard coking coal production ('000 tonnes) 957 912 683 393 635 2,946
Mount Thorley Operations 60.6%
New South Wales, Australia
Thermal coal production ('000 tonnes) 718 612 836 529 969 2,695
Semi-soft coking coal production ('000 268 458 261 281 291 1,267
tonnes)
Tarong Coal mine 100.0%
Queensland, Australia
Thermal coal production ('000 tonnes) 1,784 1,334 1,804 1,549 1,803 6,470
Warkworth mine 42.1%
New South Wales, Australia
Thermal coal production ('000 tonnes) 1,380 1,335 1,736 1,495 1,759 5,946
Semi-soft coking coal production ('000 50 145 85 67 11 347
tonnes)
Total hard coking coal production ('000 2,343 2,403 2,157 1,943 1,388 8,846
tonnes)
Total hard coking coal sales ('000 tonnes) 1,973 2,312 1,557 1,684 1,220 7,526
Total other coal production ('000 tonnes) (b) 11,821 10,979 11,891 11,746 11,309 46,438
Total other coal sales ('000 tonnes) (c) (d) 12,409 10,813 12,424 11,816 11,860 47,463
Total coal production ('000 tonnes) 14,164 13,382 14,048 13,689 12,698 55,283
Total coal sales ('000 tonnes) 14,382 13,126 13,981 13,500 13,080 54,989
Rio Tinto Coal Australia share
Share of hard coking coal sales ('000 tonnes) 1,608 1,881 1,268 1,374 994 6,131
Share of other coal sales ('000 tonnes) (c) 8,306 7,241 8,399 7,719 7,986 31,666
(d)
(a) Rio Tinto Coal Australia manages all the operations below; the mines in
New South Wales were previously reported separately under the Coal & Allied
name.
(b) Other coal production includes thermal coal and semi-soft coking coal.
(c) Other coal sales includes thermal coal, semi-soft coking coal and
semi-hard coking coal (a mixture of thermal coal and coking coal).
(d) Sales relate only to coal mined by the operations and exclude traded
coal.
Rio Tinto percentage interest shown above is at 31 March 2006. The data
represent full production and sales on a 100% basis unless otherwise stated.
RIO TINTO OPERATIONAL DATA
FULL
Rio Tinto 1Q 2Q 3Q 4Q 1Q YEAR
interest 2005 2005 2005 2005 2006 2005
COPPER & GOLD
Escondida 30.0%
Chile
Sulphide ore treated ('000 tonnes) 19,913 21,725 22,255 22,161 21,843 86,054
Average copper grade (%) 1.41 1.51 1.59 1.58 1.62 1.53
Mill production (metals in concentrates):
Contained copper ('000 tonnes) 241.1 277.8 304.4 304.0 302.8 1,127.3
Contained gold ('000 ounces) 55 44 42 43 40 183
Contained silver ('000 ounces) 1,446 1,462 1,682 1,975 1,522 6,565
Oxide ore treated ('000 tonnes) 4,236 4,218 4,214 4,261 3,984 16,930
Average copper grade (%) 0.99 0.85 0.82 0.72 0.80 0.84
Contained copper in leachate/mined material ('000 42 36 35 31 32 143
tonnes)
Refined production:
Oxide plant production ('000 tonnes) 37.9 37.2 34.1 34.8 26.8 143.9
Freeport-McMoRan Copper & Gold (a)
Grasberg mine 0.0% (40.0% of the expansion)
Papua, Indonesia
Ore treated ('000 tonnes) 17,946 19,271 19,899 21,791 19,512 78,907
Average mill head grades:
Copper (%) 1.14 0.98 1.06 1.31 0.72 1.13
Gold (g/t) 1.62 1.43 1.16 2.33 0.92 1.65
Silver (g/t) 5.26 4.54 4.36 5.36 4.21 4.88
Production of metals in concentrates:
Copper in concentrates ('000 tonnes) 183.5 164.1 185.5 260.8 115.9 793.9
Gold in concentrates ('000 ounces) 788 750 609 1,400 485 3,546
Silver in concentrates ('000 ounces) 1,805 1,576 1,662 2,489 903 7,531
Sales of payable metals in concentrates: (b)
Copper in concentrates ('000 tonnes) 173.0 164.4 179.9 249.0 114.0 766.3
Gold in concentrates ('000 ounces) 743 759 594 1,342 486 3,438
Silver in concentrates ('000 ounces) 1,358 1,257 1,284 1,897 711 5,795
(a) Through a joint venture agreement with Freeport-McMoRan Copper & Gold
(FCX), Rio Tinto is entitled to 40% of additional material mined as a
consequence of expansions and developments of the Grasberg facilities since
1998.
(b) Net of smelter deductions.
Kelian Equatorial Mining (a) 90.0%
East Kalimantan, Indonesia
Ore treated ('000 tonnes) 826 - - - - 826
Average ore grades:
Gold (g/t) 1.68 - - - - 1.68
Silver (g/t) 2.29 - - - - 2.29
Production:
Gold ('000 ounces) 34 8 - - - 43
Silver ('000 ounces) 27 4 - - - 32
Sales:
Gold ('000 ounces) 90 10 - - 42 100
Silver ('000 ounces) - 304 - - - 304
(a) Kelian ceased processing ore on 7 February 2005 and the final gold pour
was on 27 May 2005. Mine closure programmes including reclamation,
rehabilitation and sustainable monitoring continue.
Rio Tinto percentage interest shown above is at 31 March 2006. The data
represent full production and sales on a 100% basis unless otherwise stated.
RIO TINTO OPERATIONAL DATA
FULL
Rio Tinto 1Q 2Q 3Q 4Q 1Q YEAR
interest 2005 2005 2005 2005 2006 2005
COPPER & GOLD (continued)
Kennecott Minerals Company
Cortez/Pipeline mine 40.0%
Nevada, US
Ore treated
Milled ('000 tonnes) 823 868 759 798 756 3,247
Leached ('000 tonnes) 8,021 5,962 5,725 3,352 3,812 23,059
Sold for roasting ('000 tonnes) 42 72 90 73 35 277
Average ore grade: gold
Milled (g/t) 4.78 5.62 4.81 4.71 2.33 5.00
Leached (g/t) 0.67 0.60 0.49 0.49 0.39 0.58
Sold for roasting (g/t) 7.26 6.52 6.73 8.89 6.50 7.33
Gold produced ('000 ounces) 220 274 223 186 87 904
Greens Creek mine 70.3%
Alaska, US
Ore treated ('000 tonnes) 168 178 154 151 158 651
Average ore grades:
Gold (g/t) 5.46 5.22 4.71 5.02 4.54 5.12
Silver (g/t) 735 608 527 615 533 623
Zinc (%) 10.8 10.5 9.6 10.4 10.0 10.3
Lead (%) 4.3 4.1 3.6 3.9 4.0 4.0
Metals produced in concentrates:
Gold ('000 ounces) 21 20 15 17 16 73
Silver ('000 ounces) 3,016 2,557 1,869 2,222 2,065 9,664
Zinc ('000 tonnes) 14.2 14.7 11.6 12.4 12.2 52.9
Lead ('000 tonnes) 4.8 4.7 3.5 3.8 4.3 16.9
Rawhide mine (a) 51.0%
Nevada, US
Metals produced in dore:
Gold ('000 ounces) 11 9 7 8 7 35
Silver ('000 ounces) 103 88 63 67 63 320
(a) Mining operations were completed in October 2002 and processing of
stockpiled ores was completed in May 2003. Residual gold and silver production
continues from the leach pads.
Kennecott Utah Copper
Barneys Canyon mine (a) 100.0%
Utah, US
Gold produced ('000 ounces) 4 4 4 4 4 16
(a) Mining operations ceased in the first quarter of 2002. Gold continues to
be recovered from leach pads.
Bingham Canyon mine 100.0%
Utah, US
Ore treated ('000 tonnes) 11,664 11,757 11,875 11,369 11,702 46,664
Average ore grade:
Copper (%) 0.60 0.53 0.47 0.51 0.62 0.53
Gold (g/t) 0.42 0.35 0.34 0.38 0.52 0.37
Silver (g/t) 3.75 3.36 2.81 3.02 3.73 3.23
Molybdenum (%) 0.063 0.057 0.052 0.058 0.060 0.058
Copper concentrates produced ('000 tonnes) 243 231 193 213 242 881
Average concentrate grade (% Cu) 25.5 24.4 26.0 24.1 25.3 25.0
Production of metals in copper concentrates:
Copper ('000 tonnes) (b) 62.1 56.7 50.2 51.6 61.6 220.6
Gold ('000 ounces) 115 95 92 99 129 401
Silver ('000 ounces) 1,140 1,050 884 884 1,036 3,958
Molybdenum concentrates produced ('000 tonnes): 7.1 6.3 7.6 8.6 8.2 29.5
Molybdenum in concentrates ('000 tonnes) 3.9 3.3 3.9 4.6 4.4 15.6
Kennecott smelter & refinery 100.0%
Copper concentrates smelted ('000 tonnes) 217 224 300 300 270 1,042
Copper anodes produced ('000 tonnes) (c) 50.4 43.1 68.6 67.3 66.4 229.3
Production of refined metal:
Copper ('000 tonnes) 57.2 41.5 68.1 65.1 70.9 232.0
Gold ('000 ounces) (d) 90 76 92 110 118 369
Silver ('000 ounces) (d) 755 1,138 830 814 1,398 3,538
(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 March 2006. The data
represent full production and sales on a 100% basis unless otherwise stated.
RIO TINTO OPERATIONAL DATA
FULL
Rio Tinto 1Q 2Q 3Q 4Q 1Q YEAR
interest 2005 2005 2005 2005 2006 2005
COPPER & GOLD (continued)
Lihir Gold (a) 0.0%
Papua New Guinea
Ore treated ('000 tonnes) 803 1,051 917 - - 2,771
Average ore grade: gold (g/t) 4 4 7 - - 5
Gold produced ('000 ounces) (b) 101 130 193 - - 424
(a) On 30 November 2005, Rio Tinto sold its interest in Lihir Gold; it had
agreed in September 2005 to relinquish the management agreement for Lihir. The
production data are shown up to 30 September 2005, from which date the Rio Tinto
interest in Lihir was held as an investment rather than being equity accounted.
(b) Gold production represents quantity of gold poured.
Northparkes Joint Venture 80.0%
New South Wales, Australia
Ore treated ('000 tonnes) 1,300 1,360 1,372 1,421 1,425 5,453
Average ore grades:
Copper (%) 1.06 0.97 1.17 1.27 1.45 1.12
Gold (g/t) 0.46 0.43 0.47 0.49 0.56 0.46
Copper concentrates produced ('000 tonnes) 30.2 33.7 39.5 43.9 48.4 147.2
Contained copper in concentrates:
Saleable production ('000 tonnes) 10.7 11.9 14.7 16.7 19.4 54.0
Sales ('000 tonnes) (a) 9.4 9.8 11.0 13.1 14.3 43.4
Contained gold in concentrates:
Saleable production ('000 ounces) 12.5 13.4 15.0 16.1 19.6 57.0
Sales ('000 ounces) (a) 15.5 9.0 10.6 14.7 13.3 49.9
(a) Rio Tinto's 80% share of material from the Joint Venture.
Palabora (a) 46.5%
Palabora mine
South Africa
Ore treated ('000 tonnes) 2,156 2,459 2,572 2,349 2,646 9,536
Average ore grade: copper (%) 0.72 0.71 0.71 0.72 0.71 0.72
Copper concentrates produced ('000 tonnes) 48.0 48.4 52.9 47.8 51.5 197.1
Average concentrate grade: copper (%) 29.3 32.2 31.3 31.2 29.9 31.0
Copper in concentrates ('000 tonnes) 14.1 15.6 16.6 14.9 15.4 61.2
Palabora smelter/refinery
New concentrate smelted on site ('000 tonnes) 75.2 71.7 75.2 82.2 42.0 304.4
New copper anodes produced ('000 tonnes) 20.0 19.4 22.7 22.4 10.0 84.5
Refined new copper produced ('000 tonnes) 18.7 19.0 22.1 20.6 14.3 80.3
By-products:
Magnetite concentrate ('000 tonnes) 201 189 267 231 251 888
Refined nickel sulphate (tonnes) 34 57 37 57 35 186
Vermiculite plant
Vermiculite produced ('000 tonnes) 48 54 53 55 48 210
(a) During the second half of 2005, the conversion of debentures into
ordinary shares resulted in a dilution of Rio Tinto's shareholding in Palabora
from 49.2% to 47.2%. The conversions continued during the first quarter of 2006
and the Rio Tinto shareholding at the end of the quarter was 46.5%.
DIAMONDS
Argyle Diamonds 100.0%
Western Australia
AK1 ore processed ('000 tonnes) 2,342 2,358 2,111 2,158 1,956 8,969
AK1 diamonds produced ('000 carats) 8,633 9,393 5,995 6,455 5,214 30,476
Diavik Diamonds 60.0%
Northwest Territories, Canada
Ore processed ('000 tonnes) 495 612 619 497 492 2,222
Diamonds recovered ('000 carats) 1,749 2,515 2,177 1,831 1,788 8,272
Murowa Diamonds 77.8%
Zimbabwe
Ore processed ('000 tonnes) 29 28 49 73 66 178
Diamonds recovered ('000 carats) 66 67 61 57 48 251
Rio Tinto percentage interest shown above is at 31 March 2006. The data represent full production and sales on a
100% basis unless otherwise stated.
RIO TINTO OPERATIONAL DATA
FULL
Rio Tinto 1Q 2Q 3Q 4Q 1Q YEAR
interest 2005 2005 2005 2005 2006 2005
IRON ORE & IRON
Hamersley Iron
Western Australia
Saleable iron ore production ('000 tonnes):
Paraburdoo, Mount Tom Price,
Marandoo, Yandicoogina and Brockman 100.0% 15,836 19,704 18,915 19,931 17,404 74,387
Channar 60.0% 2,540 2,185 2,284 1,634 2,018 8,644
Eastern Range (a) 1,295 1,831 1,897 1,536 1,756 6,559
Total production ('000 tonnes) 19,671 23,720 23,097 23,101 21,178 89,590
Total sales ('000 tonnes) (b) 20,024 21,885 22,387 25,793 20,982 90,090
(a) 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.
HIsmelt(R) (a) 60.0%
Western Australia
Pig iron production ('000 tonnes) - - - 9 4 -
(a) HIsmelt(R) commenced production during 2005.
Iron Ore Company of Canada
Newfoundland & Labrador and Quebec in Canada
Carol Lake operations 58.7%
Saleable iron ore production:
Concentrates ('000 tonnes) 307 745 581 683 341 2,316
Pellets ('000 tonnes) 3,122 3,442 3,322 3,445 2,846 13,331
Sales:
Concentrate ('000 tonnes) 204 612 552 755 316 2,123
Pellets ('000 tonnes) 2,344 3,326 2,951 4,230 2,150 12,851
Rio Tinto Brasil
Corumba mine 100.0%
Mato Grosso do Sul, Brazil
Saleable iron ore production ('000 tonnes) 377 372 371 290 440 1,410
(a)
Sales ('000 tonnes) 392 243 391 276 418 1,303
(a) Production includes by-product fines.
Robe River Iron Associates
Pannawonica mine 53.0%
Western Australia
Saleable iron ore production ('000 tonnes) 7,333 7,574 8,076 7,998 6,481 30,981
Sales ('000 tonnes) 7,939 7,118 7,802 8,203 6,756 31,062
West Angelas mine 53.0%
Western Australia
Saleable iron ore production ('000 tonnes) 5,067 4,670 5,775 5,891 4,813 21,403
Sales ('000 tonnes) 4,932 4,469 5,902 6,187 4,745 21,491
Rio Tinto percentage interest shown above is at 31 March 2006. The data
represent full production and sales on a 100% basis unless otherwise stated.
RIO TINTO OPERATIONAL DATA
FULL
Rio Tinto 1Q 2Q 3Q 4Q 1Q YEAR
interest 2005 2005 2005 2005 2006 2005
SALT
Dampier Salt 64.9%
Western Australia
Salt production ('000 tonnes) 2,130 2,144 1,726 2,480 1,862 8,480
TALC
The Luzenac Group 100.0%
Australia, Europe, and North America
Talc production ('000 tonnes) 325 365 328 346 381 1,364
TITANIUM DIOXIDE FEEDSTOCK
Rio Tinto Iron & Titanium 100.0%
Canada and South Africa
(Rio Tinto share)
Titanium dioxide feedstock production ('000 tonnes) 321 328 327 335 344 1,312
URANIUM
Energy Resources of Australia Ltd
Ranger mine 68.4%
Northern Territory, Australia
Production (tonnes U3O8) 1,499 1,369 1,514 1,521 1,372 5,903
Rossing Uranium Ltd 68.6%
Namibia
Production (tonnes U3O8) 863 725 1,038 1,086 830 3,711
Rio Tinto percentage interest shown above is at 31 March 2006. The data
represent full production and sales on a 100% basis unless otherwise stated.
This information is provided by RNS
The company news service from the London Stock Exchange