4Q Production Report-Part 1
Rio Tinto PLC
23 January 2002
PART 1
Rio Tinto Quarterly Production Report
For the Quarter ending 31 December 2001
* Iron ore production in 2001 was 25% higher than in 2000. Hamersley
established a new production record of 69.9 million tonnes, exceeding
2000 by 6%. Total iron ore shipments remained robust in the fourth
quarter of 2001, only marginally lower than the same period in 2000.
* Coal production in 2001 was 13% higher than in 2000. US coal
production was 6% higher, with strong fourth quarter production at 28.3
million tonnes. Australian coal production was 44% higher resulting from
the coal mines acquired in the last quarter of 2000 and the first quarter
of 2001.
* Mined copper production in 2001 was marginally higher than in 2000.
Fourth quarter 2001 production, compared with the equivalent period in
2000, was adversely affected by the closure of the North Concentrator at
Kennecott and the decision in November 2001 to reduce production at
Escondida. Lower grade reduced production at Grasberg.
* Mined gold production was 31% higher in 2001 than in 2000, due to
higher grades at a number of operations and the increased capacity
acquired with North.
* Aluminium production in 2001 was 11% higher than in 2000. Fourth
quarter 2001 production improved, primarily due to operating efficiencies
at the Boyne Island smelter.
* Diamond production in 2001 was 52% higher than in 2000, reflecting
the acquisition of Ashton in late 2000. Production in the fourth quarter
of 2001 continued to benefit from mining in a higher grade area of the
Argyle pit.
* Titanium feedstock production in 2001 was 4% higher and borates
production 5% lower than in 2000.
For further information contact:
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Website: www.riotinto.com
RIO TINTO PRODUCTION SUMMARY
RIO TINTO share of production
% Change
Quarter FULL YEAR Q4 01 Q4 01 2001
2000 2001 2001 2000 2001 vs vs vs
Q4 Q3 Q4 Q3 01 Q4 00 2000
Principal Commodities
Aluminium
('000 t) 194.7 191.7 196.3 692.3 765.6 2% 1% 11%
Borates
('000 t) 149 142 134 590 564 -6% -10% -5%
Coal
('000 t) 35,193 36,839 38,648 131,510 148,930 5% 10% 13%
Copper - mined
('000 t) 264.0 222.7 205.7 895.6 904.1 -8% -22% 1%
Copper - refined
('000 t) 106.3 75.5 100.4 392.0 361.2 33% -6% -8%
Diamonds
('000 cts) 4,694 8,045 7,950 17,205 26,100 -1% 69% 52%
Gold - mined
('000 ozs) 836 906 830 2,730 3,577 -8% -1% 31%
Gold - refined
('000 ozs) 121 88 112 413 389 27% -7% -6%
Iron ore
('000 t) 23,159 24,212 23,462 72,453 90,566 -3% 1% 25%
Titanium dioxide
feedstock
('000 t) 368 359 341 1,368 1,427 -5% -7% 4%
Other Metals & Minerals
Alumina
('000 t) 436 435 519 1,530 1,761 19% 19% 15%
Bauxite
('000 t) 3,111 2,855 2,968 11,005 11,795 4% -5% 7%
Lead - mined
('000 t) 10.0 9.5 9.8 24.7 38.8 3% -3% 57%
Molybdenum
('000 t) 2.3 1.5 1.6 10.1 8.1 5% -31% -20%
Nickel in matte
(tonnes) 2,674 2,989 1,984 8,738 10,170 -34% -26% 16%
Nickel - refined
(tonnes) 927 992 892 3,887 3,719 -10% -4% -4%
Salt
('000 t) 711 1,007 1,322 2,987 4,248 31% 86% 42%
Silver - mined
('000 ozs) 3,994 4,179 4,272 14,428 17,703 2% 7% 23%
Silver - refined
('000 ozs) 821 626 765 3,218 2,882 22% -7% -10%
Talc
('000 t) 302 311 315 1,260 1,267 1% 5% 1%
Tin
(tonnes) 39 192 72 611 588 -63% 83% -4%
Uranium
(tonnes) 1,418 1,087 1,252 3,446 4,705 15% -12% 37%
Zinc - mined
('000 t) 28.8 25.7 27.1 74.2 102.5 5% -6% 38%
Zinc - refined
('000 t) 17.3 - - 69.2 20.4 - - -
NB Throughout this report, figures in italics indicate adjustments made
since the figure was previously quoted on the equivalent page.
The figures shown for production 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 FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
Interest 2000 2001 2001 2001 2001 2000 2001
ALUMINA
Production
('000 tonnes)
Eurallumina (a)
56% 146 137 142 127 151 512 557
Queensland
Alumina (a) (b)
39% 290 257 271 308 368 1,017 1,204
Rio Tinto total
alumina production 436 394 413 435 519 1,530 1,761
ALUMINIUM
Refined production
('000 tonnes)
Anglesey
51% 19.5 18.0 18.2 17.4 17.5 73.3 71.0
Bell Bay (a)
100% 40.9 39.3 39.8 41.3 40.4 140.8 160.8
Boyne Island (a)
54% 68.9 66.2 67.3 70.6 73.4 245.4 277.5
Tiwai Point (a)
79% 65.4 64.4 64.4 62.4 65.0 232.8 256.2
Rio Tinto total
aluminium production 194.7 188.0 189.7 191.7 196.3 692.3 765.6
BAUXITE
Production
('000 tonnes)
Boke (a) 4% 119 119 120 175 55 499 469
Weipa (a) 100% 2,992 2,913 2,820 2,680 2,913 10,507 11,326
Rio Tinto total
bauxite production 3,111 3,032 2,940 2,855 2,968 11,005 11,795
BORATES
Borates
('000 tonnes B2O3 content)
Rio Tinto total
borate production
100% 149 148 139 142 134 590 564
Coal
COAL Type
Australian coal operations
('000 tonnes)
Coal & Allied Industries(c):
Bengalla (d)
29% S - 269 414 312 423 - 1,418
Hunter Valley
Operations (e)
73% S 1,095 1,067 1,031 1,914 1,933 4,084 5,945
73% M 394 888 705 687 633 2,001 2,913
Mount Thorley
Operations
58% S 371 283 341 373 376 1,224 1,373
58% M 333 226 313 403 313 1,259 1,255
Moura (d)
40% S - 145 330 208 184 - 867
40% M - 261 290 282 247 - 1,080
Narama (d
36% S - 142 280 205 162 - 789
Ravensworth
East (d)
73% S - 126 357 281 332 - 1,096
Warkworth (d)
40% S - 388 635 584 463 - 2,070
40% M - 68 76 21 57 - 221
Pacific Coal:
Blair Athol Coal
71% S 2,406 2,160 2,057 2,000 1,329 7,864 7,546
Kestrel Coal
80% S 226 179 250 348 185 904 962
80% M 381 327 468 572 287 1,733 1,654
Tarong Coal
100% S 1,273 1,293 1,396 1,253 1,333 4,847 5,276
Total Australian coal 6,480 7,822 8,942 9,443 8,256 23,917 34,464
Indonesian coal operations
('000 tonnes)
Kaltim Prima
Coal (f) 50% S 2,249 1,619 1,869 2,263 2,055 6,568 7,806
US coal operations
('000 tonnes)
Kennecott Energy
Antelope
100% S 5,240 5,426 5,355 5,525 6,038 20,837 22,344
Colowyo (g)
100% S 1,030 1,276 1,334 1,350 1,271 4,691 5,231
Cordero Rojo
100% S 9,917 9,702 9,621 9,676 10,453 35,038 39,452
Decker 50% S 1,105 1,155 975 993 1,133 4,529 4,255
Jacobs Ranch
100% S 6,635 7,003 7,138 5,404 7,067 25,678 26,612
Spring Creek
100% S 2,538 1,845 2,362 2,185 2,375 10,253 8,767
Total US coal 26,465 26,407 26,785 25,133 28,337 101,026 106,661
Rio Tinto total
coal production 35,193 35,848 37,595 36,839 38,648 131,510 148,930
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.
Key to coal type: S = Steaming/thermal coal, M = Metallurgical/coking coal.
See footnotes on page 6.
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
Interest 2000 2001 2001 2001 2001 2000 2001
COPPER
Mine production
('000 tonnes)
Alumbrera (h)
25% 10.3 11.2 12.4 12.0 12.3 15.3 47.9
Bingham Canyon
100% 81.4 80.0 92.4 73.1 67.2 295.7 312.7
Escondida
30% 71.9 64.1 55.9 59.2 53.2 273.5 232.4
Grasberg -
FCX (i)
14% 27.7 25.3 24.1 22.9 21.2 870.0 93.5
Grasberg -
Joint Venture (i)
40% 44.3 27.1 25.1 23.0 19.1 116.8 94.4
Neves Corvo
49% 5.7 11.2 10.6 8.4 10.5 37.4 40.6
Northparkes (h)
80% 10.0 10.9 10.7 11.4 11.0 15.2 44.1
Palabora (j)
49% 12.7 8.2 6.4 12.5 11.2. 54.7 38.4
Rio Tinto total
mine production 264.0 238.1 237.6 222.7 205.7 895.6 904.1
Refined production ('000 tonnes)
Atlantic Copper (i)
17% 9.8 10.1 7.8 10.5 10.7 40.1 39.1
Escondida
30% 10.7 10.9 11.5 11.4 11.4 42.1 45.3
Kennecott Utah Copper
100% 71.9 67.0 56.3 43.7 67.3 268.7 234.3
Palabora
49% 14.0 12.4 9.2 9.9 11.0 41.1 42.5
Rio Tinto total
refined production 106.3 100.5 84.8 75.5 100.4 392.0 361.2
At the end of the periods, the Group had provisionally priced sales of copper
in concentrates and intermediate product as follows:
Million lbs of payable copper:
Alumbrera (h)
25% 13 20 29 27 24 13 24
Escondida
30% 110 126 141 121 110 110 110
Grasberg (i)
14% 65 50 54 44 40 65 40
Kennecott Utah Copper
100% 37 20 10 0 0 37 0
Neves Corvo
49% 8 13 25 12 5 8 5
Northparkes (h)
80% 15 13 29 19 19 15 19
Rio Tinto total 248 241 289 223 198 248 198
Priced at US
c/lb average 83 77 72 65 67 83 67
DIAMONDS
Production ('000 carats)
Argyle (k)
99.8% 4,657 5,072 5,012 8,032 7,929 17,168 26,045
Others (k) - 37 15 7 13 20 37 55
Rio Tinto
total diamond
production 4,694 5,086 5,019 8,045 7,950 17,205 26,100
GOLD
Mine production ('000 ounces)
Alumbrera (h)
25% 33 34 44 44 47 52 168
Barneys Canyon
100% 48 37 30 32 41 153 140
Bingham Canyon
100% 121 151 179 142 120 529 592
Cortez/Pipeline
40% 118 118 122 118 118 404 475
Escondida
30% 9 7 7 7 8 39 30
Grasberg -
FCX (i)
14% 100 108 111 99 70 261 388
Grasberg -
Joint Venture (i)
40% 190 222 238 220 199 478 880
Greens Creek
70% 15 16 15 15 15 58 62
Kelian
90% 88 94 86 117 110 304 408
Lihir (l)
16% 31 30 26 29 20 99 105
Morro do Ouro
51% 29 24 23 23 24 117 95
Northparkes (h)
80% 4 7 10 7 9 6 33
Peak
100% 26 20 29 28 25 130 101
Rawhide
51% 12 13 14 13 12 53 52
Rio Tinto Zimbabwe
56% 10 11 10 9 8 39 38
Others - 2 3 2 2 3 7 10
Rio Tinto total
mine production 836 895 945 906 830 2,730 3,577
Refined production
('000 ounces)
Kennecott
Utah Copper
100% 121 102 87 88 112 413 389
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.
See footnotes on page 6.
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
Interest 2000 2001 2001 2001 2001 2000 2001
IRON ORE
Production ('000 tonnes)
Channar
60% 1,687 1,472 1,630 1,622 1,929 6,361 6,653
Corumba
100% 178 156 116 206 164 778 642
Hamersley
100% 14,857 13,579 14,352 15,748 15,149 55,095 58,828
Iron Ore Company
Of Canada (h)(m)
56% 2,222 1,874 2,426 2,028 1,841 3,442 8,169
Robe River (h)
53% 4,216 3,594 3,694 4,607 4,379 6,776 16,274
Rio Tinto
total mine production 23,159 20,674 22,218 24,212 23,462 72,453 90,566
LEAD
Mine production
('000 tonnes)
Greens Creek
70% 3.4 3.6 3.4 3.7 3.7 14.2 14.3
Zinkgruvan (h)
100% 6.6 5.7 6.9 5.8 6.1 10.5 24.5
Rio Tinto
Total mine
Production 10.0 9.3 10.3 9.5 9.8 24.7 38.8
MOLYBDENUM
Mine production ('000 tonnes)
Bingham Canyon
100% 2.3 2.8 2.2 1.5 1.6 10.1 8.1
NICKEL
Nickel in matte (tonnes)
Fortaleza
100% 2,674 2,710 2,487 2,989 1,984 8,738 10,170
Toll refined metal production (tonnes)
Rio Tinto
Zimbabwe - Empress
56% 927 910 925 992 892 3,887 3,719
SALT
Production ('000 tonnes)
Dampier
65% 711 899 1,020 1,007 1,322 2,987 4,248
SILVER
Mine production ('000 ounces)
Bingham Canyon
100% 1,005 1,029 1,328 1,076 1,042 3,939 4,475
Escondida
30% 231 255 266 227 212 985 959
Grasberg - FCX (i)
14% 205 213 183 162 141 615 700
Grasberg -
Joint Venture (i)
40% 208 76 193 178 193 378 641
Greens Creek
70% 1,567 2,285 1,795 1,814 1,809 6,494 7,703
Zinkgruvan (h)
100% 431 347 396 326 427 702 1,496
Others - 349 429 456 396 448 1,316 1,729
Rio Tinto total
mine production 3,994 4,634 4,618 4,179 4,272 14,428 17,703
Refined production ('000 ounces)
Kennecott
Utah Copper
100% 821 657 834 626 765 3,218 2,882
TALC
Production ('000 tonnes)
Luzenac Group
99.9% 302 322 318 311 315 1,260 1,267
TIN
Mine production (tonnes)
Neves Corvo
49% 39 115 210 192 72 611 588
TITANIUM DIOXIDE FEEDSTOCK
Production
('000 tonnes)
Rio Tinto Iron &
Titanium
100% 368 356 371 359 341 1,368 1,427
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. The nickel in
matte production reflects the contained tonnage of nickel.
See footnotes on page 6.
Rio Tinto
Share of Production
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
Interest 2000 2001 2001 2001 2001 2000 2001
URANIUM
Production (tonnes U3O8)
Energy Resources
of Australia (h)
68% 832 903 648 540 790 1,207 2,880
Palabora 49% 13 6 5 4 - 45 15
Rossing 69% 573 497 308 544 462 2,195 1,811
Rio Tinto total
uranium production 1,418 1,405 960 1,087 1,252 3,446 4,705
ZINC
Mine production ('000 tonnes)
Greens Creek
70% 10.1 10.0 9.7 10.6 10.5 42.7 40.7
Zinkgruvan (h)
100% 18.7 15.3 14.8 15.1 16.6 31.5 61.8
Rio Tinto total
mine production 28.8 25.3 24.5 25.7 27.1 74.2 102.5
Refined production ('000 tonnes)
Norzink (n)
0% 17.3 18.2 2.3 - - 69.2 20.4
(a) During 2000, Rio Tinto acquired all the outstanding shares in Comalco.
(b) Comalco increased its holding in Queensland Alumina Limited from 30.3% to
38.6%, with effect from 31 August 2001.
(c) During March 2001, Rio Tinto increased its stake in Coal & Allied from
70.88% to 72.71%.
(d) Coal & Allied has purchased the Australian subsidiaries of the Peabody
Group. Production data are shown from 29 January 2001 the effective date
of acquisition. Effective on the same date, Coal & Allied acquired an
additional 11.8% interest in the Warkworth mine, increasing its interest
to 55.57%.
(e) Production from the Lemington mine, acquired by Coal & Allied with effect
from 20 December 2000, is included with Hunter Valley Operations.
(f) Rio Tinto has a 50% share in Kaltim Prima and, under the terms of its
Coal Agreement, the Indonesian Government is entitled to a 13.5% share of
Kaltim Prima's production. Rio Tinto's share of production shown is before
deduction of the Government share.
(g) Kennecott Energy has a partnership interest in the Colowyo mine, but, as
it is responsible under a management agreement for the operation of the mine,
all of Colowyo's output is included in Rio Tinto's share of production.
(h)Rio Tinto's share of production from the assets owned by North Limited is
shown with effect from 11 August 2000, the effective date of the acquisition.
(i) Rio Tinto's initial interests in the Grasberg mine and in the Atlantic
Copper smelter were acquired in 1995 by virtue of an acquisition of shares
in Freeport-McMoRan Copper & Gold (FCX). As a result of FCX share buy-backs,
Rio Tinto's interest in FCX has changed and, as of 31 December 2001, Rio Tinto
had, by virtue of its FCX shareholding, a 14.3% share in Grasberg and a 16.6%
share in Atlantic Copper. Under the Joint Venture agreement with FCX, Rio
Tinto is entitled to 40% of additional material mined as a consequence of the
expansion of the Grasberg facilities. The additional entitlement is shown
separately in the above tables.
(j) Rio Tinto increased its holding in Palabora from 46.5% to 48.6% during
November 2000; it acquired a further 0.7% in July 2001.
(k) On 10 November 2000, Rio Tinto acquired control of Ashton Mining and, as
of 17 January 2001, owned 100%. As a result of this purchase, with effect
from 10 November 2000, Rio Tinto's effective interest in Argyle Diamonds
increased from 59.7% to 99.8%. Shown separately is Rio Tinto's share of
production from Ashton's diamond interests apart from Argyle.
(l) Effective 14 February 2000, Rio Tinto's interest in Lihir decreased from
17.15% to 16.3% following a merger under a scheme of arrangement with
Niugini Mining.
(m) Rio Tinto acquired 20.3% of the Labrador Iron Ore Royalty Income Fund
during the first half of 2001. The Fund has a shareholding in Iron Ore
Company of Canada but this has not been included in the calculation of
tonnage attributable to Rio Tinto.
(n) Rio Tinto completed the sale of its interest in Norzink on 17 April 2001.
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.
OPERATIONAL DATA
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2000 2001 2001 2001 2001 2000 2001
ALUMINIUM
Anglesey Aluminium
Total production at Anglesey Aluminium (Rio Tinto 51%) in the UK.
(100% basis)
Aluminium hot metal production
('000 tonnes) 38.2 35.3 35.7 34.0 34.2 143.8 139.3
Comalco (a)
Total production at Comalco operations; Weipa (Rio Tinto 100%) in Australia;
Boke (Rio Tinto 4%) in Guinea; Eurallumina (Rio Tinto 56.2%) in Italy;
Queensland Alumina (Rio Tinto 38.6% (b)) in Australia; Bell Bay (Rio Tinto
100%) in Australia; Boyne Island (Rio Tinto 54.2%) in Australia and Tiwai
Point (Rio Tinto 79.4%) in New Zealand.
(100% basis)
Weipa mine, Queensland
Beneficiated bauxite
Production
('000 tonnes) 2,992 2,913 2,820 2,680 2,913 11,767 11,326
Metal grade bauxite
shipments
('000 tonnes) 2,965 2,841 2,658 2,678 2,831 11,518 11,008
Calcined bauxite
Production
('000 tonnes) 29 33 41 49 23 129 146
Boke mine
Bauxite production
('000 tonnes) 2,624 3,168 2,983 3,046 2,790 12,677 11,987
Eurallumina SpA,
Sardinia
Alumina production
('000 tonnes) 260 244 254 226 269 1,022 993
Queensland Alumina Limited,
Queensland
Alumina production
('000 tonnes) 956 847 894 930 953 3,762 3,624
Bell Bay, Tasmania
Primary aluminium production
('000 tonnes) 40.9 39.3 39.8 41.3 40.4 157.4 160.8
Boyne Island, Queensland
Primary aluminium production
('000 tonnes) 126.3 122.5 125.2 129.7 131.5 505.1 508.9
Tiwai Point
Primary aluminium production
('000 tonnes) 82.2 81.0 81.4 78.7 81.2 328.4 322.3
Sales of aluminium
attributable to Comalco
('000 tonnes) 191.2 155.1 183.5 185.8 165.4 701.0 689.9
(a) During 2000, Rio Tinto acquired all the shares in Comalco and now owns
100%.
(b) Comalco increased its shareholding in Queensland Alumina Limited from
30.3% to 38.6% with effect from 31 August 2001.
Weipa production returned to a more normal level in the fourth quarter of
2001 following limited equipment availability during the third quarter of
2001. Only one Boke shipment occurred during the fourth quarter.
Total alumina production in the fourth quarter of 2001 improved compared
with the third quarter of 2001. Production restrictions and unscheduled
maintenance at the two refineries resulted in lower than anticipated
production in the first nine months of 2001.
Production at the Boyne Island smelter increased compared with the first
three quarters of 2001 due to improved cell power efficiency and increased
amperage. Production increased in the fourth quarter of 2001 at the Tiwai
Point smelter following the restart of some cells previously taken off line
due to limited power supply as a result of drought conditions.
Aluminium sales in the fourth quarter of 2001 declined compared with the
third quarter due to inventory build up, particularly in the US, and the
timing of shipments.
BORATES
Rio Tinto Borax
Total production at the Boron mine (Rio Tinto 100%) in California, US and at
the Tincalayu, Sijes, Porvenir and Maggie mines (Rio Tinto 100%) in
Argentina.
(100% basis)
Borates
('000 tonnes) (a) 149 148 139 142 134 590 564
(a) Production is expressed as B2O3 content.
COAL
Coal & Allied Industries Limited (a)
Total production and sales from the Bengalla mine (Rio Tinto 29% (a));
Hunter Valley Operations (Rio Tinto 73% (a)); the Mount Thorley Operations
(Rio Tinto 58% (a)); the Narama mine (Rio Tinto 36% (a)); the Ravensworth
East mine (Rio Tinto 73% (a)) and the Warkworth mine (Rio Tinto 40%
(a),(b)), all in New South Wales, and the Moura mine (Rio Tinto 40% (a)) in
Queensland, Australia.
(100% basis)
Bengalla mine (b)
Thermal coal production
('000 tonnes) - 944 1,423 1,073 1,454 - 4,894
Hunter Valley Operations (d)
Thermal coal
production
('000 tonnes) 1,545 1,500 1,418 2,632 2,659 5,762 8,209
Semi-soft coking
coal Production
('000 tonnes) 556 1,248 970 945 871 2,823 4,034
Mount Thorley Operations
Thermal coal:
production
('000 tonnes) 656 497 588 643 648 2,164 2,376
Semi-soft coking
coal Production
('000 tonnes) 588 397 540 694 540 2,225 2,171
Moura mine (b)(c)
Thermal coal
production
('000 tonnes) - 370 825 521 459 - 2,175
Semi-soft coking
coal production
('000 tonnes) - 643 722 472 438 - 2,275
Coking coal
production
('000 tonnes) - 22 3 234 179 - 438
Narama mine (b)(c)
Thermal coal
production
('000 tonnes) - 399 769 564 445 - 2,177
Ravensworth East Mine (b)(c)
Thermal coal
production
('000 tonnes) - 177 491 386 457 - 1,511
Warkworth mine (b)
Thermal coal
production
('000 tonnes) - 979 1,571 1,446 1,145 - 5,141
Semi-soft coking
coal production
('000 tonnes) - 172 187 51 140 - 550
Total Coal & Allied
Total coal
production
('000 tonnes) 3,345 7,348 9,507 9,661 9,435 12,974 35,951
Total sales
('000 tonnes) (e) 2,989 7,694 9,507 9,009 9,503 13,152 35,713
(a) During March 2001, Rio Tinto increased its stake in Coal & Allied from
70.88% to 72.71%.
(b) Coal & Allied purchased the Australian subsidiaries (see note (c))of
the Peabody Group effective 29 January 2001. Effective on the same date Coal &
Allied acquired an additional 11.8% interest in the Warkworth mine.
(c) On 20 November 2001, Coal & Allied announced that a formal process for
the sale of its share of Moura had commenced. An agreement to sell Coal &
Allied's share of Narama and Ravensworth, subject to certain conditions, was
announced on 20 December 2001.
(d) Hunter Valley Operations consist of the merged Howick and Hunter Valley
mines, plus the Lemington mine acquired with effect from 20 December 2000.
(e) Sales relate only to coal mined by the operations and exclude traded
coal.
Coal production for Hunter Valley Operations increased in the second half
of 2001 compared with the first half of 2001 due to improved overburden
removal and increasing washery availability as a result of operating
plants seven days a week. The increased coal production at Hunter Valley
Operations for the 2001 year is due to the acquisition of the Lemington
mine in December 2000.
Coal production at the Warkworth mine in the fourth quarter of 2001 was
affected by dragline and preparation plant maintenance.
First quarter 2001 figures for Moura, Warkworth, Ravensworth East, Narama
and Bengalla are taken from the date of acquisition and reflect two months
of ownership.
Kaltim Prima Coal
Total production and shipments from Kaltim Prima Coal (Rio Tinto 50%) in
Indonesia, including the share of production attributed to the Indonesian
Government (see footnote (f) on page 6).
(100% basis)
Thermal Coal:
Production
('000 tonnes) 4,497 3,238 3,737 4,526 4,110 13,135 15,611
Shipments
('000 tonnes) 5,227 3,309 3,622 4,205 4,505 13,254 15,641
Production in the fourth quarter of 2001 was affected by a two week strike
by one of KPC's mining contractors and by wet weather.
Kennecott Energy and Coal Company
Total production from the mines operated by Kennecott Energy and Coal
Company in the US: Antelope (Rio Tinto 100%) in Wyoming; Cordero Rojo (Rio
Tinto 100%) in Wyoming; Jacobs Ranch (Rio Tinto 100%) in Wyoming; Spring
Creek (Rio Tinto 100%) in Montana; Decker (Rio Tinto 50%) in Montana and
Colowyo in Colorado, where Kennecott Energy has a partnership interest and
full management responsibility (see footnote (g) on page 6).
(100% basis)
Antelope mine
Thermal coal production
('000 tonnes) 5,240 5,426 5,355 5,525 6,038 20,837 22,344
Colowyo mine
Thermal coal production
('000 tonnes) 1,030 1,276 1,334 1,350 1,271 4,691 5,231
Cordero Rojo mine
Thermal coal production
('000 tonnes) 9,917 9,702 9,621 9,676 10,453 35,038 39,452
Decker mine
Thermal coal production
('000 tonnes) 2,210 2,310 1,949 1,985 2,266 9,057 8,510
Jacobs Ranch mine
Thermal coal production
('000 tonnes) 6,635 7,003 7,138 5,404 7,067 25,678 26,612
Spring Creek mine
Thermal coal production
('000 tonnes) 2,538 1,845 2,362 2,185 2,375 10,253 8,767
Total Kennecott Energy
Total coal
production
('000 tonnes) 27,570 27,562 27,759 26,125 29,470 105,554 110,916
Production for the fourth quarter of 2001 was 7% higher than in the same
period of 2000. Mild weather and the continued economic slowdown resulted
in softening of the coal market in the second half of the year. In
addition, production was adversely affected by lower equipment availability
at the Jacobs Ranch mine. Full year coal production was 5% higher than for
2000.
This information is provided by RNS
The company news service from the London Stock Exchange
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