4Q Production Report-Part 2
Rio Tinto PLC
23 January 2002
PART 2
COAL (Continued)
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2000 2001 2001 2001 2001 2000 2001
Pacific Coal
Total production and sales from the Blair Athol Coal mine (Rio Tinto 71.2%),
the Kestrel Coal mine (Rio Tinto 80%) and the Tarong Coal mine (Rio Tinto
100%) all in Queensland, Australia.
(100% basis)
Blair Athol Coal mine
Thermal coal:
Production
('000 tonnes) 3,378 3,032 2,887 2,808 1,865 11,040 10,592
Sales
('000 tonnes) 3,045 2,926 3,151 2,419 1,814 10,964 10,310
Kestrel Coal mine
Thermal coal:
Production
('000 tonnes) 283 224 312 435 231 1,130 1,202
Sales
('000 tonnes) 146 212 105 104 225 685 645
Coking coal:
Production
('000 tonnes) 476 409 585 715 359 2,167 2,068
Sales
('000 tonnes) 494 314 535 483 312 2,151 1,644
Semi-hard coking
coal: (a)
Sales
('000 tonnes) 192 162 238 378 457 840 1,235
Tarong Coal mine
Thermal coal:
Production
('000 tonnes) 1,273 1,293 1,396 1,253 1,333 4,847 5,276
Sales
('000 tonnes) 1,273 1,310 1,300 1,236 1,474 4,847 5,321
Total Pacific Coal
Total coal
production
('000 tonnes) 5,410 4,958 5,181 5,211 3,788 19,183 19,138
(a) Semi-hard coking coal is a mixture of thermal coal and coking coal. The
product mix is customer dependent.
Blair Athol production and sales were lower in 2001 than 2000 due to train
derailments, which occurred in the third quarter of 2001, combined with
port and rail capacity restrictions in the fourth quarter of 2001.
Production for the fourth quarter 2001 at Kestrel was lower compared with
the second and third quarters due to lower yield in the new panel and to
conveyor belt problems.
Tarong production and sales were higher in the fourth quarter of 2001 due
to greater electricity demand and unit shutdowns at other power stations.
COPPER & GOLD
Alumbrera
Total production and sales at the Bajo de la Alumbrera mine (Rio Tinto 25%
(a)) in Argentina.
(100% basis)
Ore treated
('000 tonnes) 7,102 7,041 7,483 7,515 7,142 10,839 29,181
Average ore grades:
Copper (%) 0.64 0.71 0.74 0.71 0.74 0.62 0.72
Gold (g/t) 0.7 0.8 1.0 1.0 1.1 0.8 1.0
Concentrate produced
('000 tonnes) 148.1 160.4 177.3 174.5 178.3 220.3 690.5
Copper in concentrates:
Production
('000 tonnes) 41.1 44.7 49.6 48.1 49.2 61.1 191.6
Sales
('000 tonnes) 33.4 37.9 57.0 39.3 53.6 50.9 187.8
Production of gold
in concentrates
('000 ounces) 125 127 166 166 178 196 637
Production of gold
in dore
('000 ounces) 8 7 9 9 10 12 36
Total gold sales
('000 ounces) 115 118 193 146 200 180 657
(a) Rio Tinto acquired its interest in Alumbrera as part of the purchase of
North Limited. Production data are shown from 11 August 2000, the effective
date of the acquisition.
Escondida
Total production at the Escondida mine (Rio Tinto 30%) in Chile.
(100% basis)
Sulphide ore treated
('000 tonnes) 11,535 11,128 10,650 11,204 10,060 46,905 43,042
Average copper
grade (%) 1.94 1.95 1.82 1.75 1.72 1.90 1.81
Mill production (metals in concentrates):
Contained copper
('000 tonnes) 190.7 177.1 160.6 161.0 144.4 776.4 643.1
Contained gold
('000 ounces) 31 24 24 25 28 129 101
Contained silver
('000 ounces) 769 849 887 757 705 3,282 3,198
Oxide ore treated
('000 tonnes) 4,223 3,360 2,494 3,162 3,225 12,572 12,241
Average copper
grade (%) 1.16 1.09 1.03 1.15 1.01 1.08 1.07
Contained copper in
leachate/mined material
('000 tonnes) 49 37 26 36 33 135 132
Refined production:
Oxide plant
production
('000 tonnes) 35.6 36.5 38.3 38.1 38.1 140.3 151.0
Contained copper for the fourth quarter of 2001 was down on the
corresponding period in 2000 due to lower head grades. Fourth quarter and
full year production figures were adversely impacted by Escondida's
announcement on 8 November 2001 of reduced production due to market
conditions. Oxide plant copper production for 2001 increased 8% compared
with 2000.
Freeport-McMoRan Copper & Gold
Total production and sales at the Grasberg mine (Rio Tinto 14.3% (a)) in
Papua, Indonesia, and the Atlantic Copper smelter (Rio Tinto 16.6%) in Spain.
(100% basis)
Grasberg mine
Ore treated
('000 tonnes) 20,468 20,665 21,842 22,500 21,780 81,803 86,787
Average mill head grades:
Copper (%) 1.33 1.13 1.04 0.96 0.89 1.07 1.00
Gold (g/t) 1.64 1.68 1.57 1.36 1.03 1.10 1.41
Silver (g/t) 3.70 3.45 3.33 3.03 2.99 2.97 3.20
Production of metals in concentrates:
Copper in
concentrates
('000 tonnes) 246.3 204.4 193.9 183.3 167.8 769.3 749.4
Gold in
concentrates
('000 ounces) 920 975 1,013 915 693 2,436 3,596
Silver in
concentrates
('000 ounces) 1,701 1,570 1,478 1,313 1,184 4,985 5,545
Sales of payable metals
in concentrates: (b)
Copper in
concentrates
('000 tonnes) 244.8 174.6 203.1 181.8 166.6 745.5 726.1
Gold in
concentrates
('000 ounces) 911 833 1,062 904 700 2,387 3,499
Silver in concentrates
('000 ounces) 1,347 1,078 1,238 1,030 934 3,848 4,280
(a) See note (i) on page 6 for details of Rio Tinto's 14.3% interest in
Grasberg and 40% interest in the expansion.
(b) Net of smelter deductions.
In the fourth quarter of 2001, ore treated and average mill head grades
declined compared with the third quarter of 2001 resulting in lower
production and sales. Production and sales of copper and gold in the fourth
quarter of 2001 decreased significantly compared with the corresponding
period of 2001 because of lower ore grades.
Atlantic Copper smelter
Concentrate smelted
('000 tonnes) 187.9 205.5 195.3 240.1 250.2 916.3 891.1
Copper anodes
produced
('000 tonnes) (c) 58.4 65.3 60.9 77.0 76.8 289.9 280.0
Copper cathodes
produced
('000 tonnes) 60.0 60.8 47.2 63.0 64.3 257.6 235.3
Copper cathode
sales
('000 tonnes) (d) 61.2 61.5 58.6 62.6 66.7 255.1 249.4
(c) New metal excluding recycled material.
(d) Refers to copper cathode and wire rod sales.
Kelian Equatorial Mining
Total production and sales from the Kelian gold mine (Rio Tinto 90%) in East
Kalimantan, Indonesia.
(100% basis)
Ore treated
('000 tonnes) 1,823 1,710 1,610 1,789 1,894 6,212 7,003
Average ore grades:
Gold (g/t) 2.33 2.60 2.49 2.95 2.71 2.41 2.69
Silver (g/t) 6.76 5.93 6.03 5.80 5.42 6.92 5.78
Production:
Gold
('000 ounces) 98 105 96 130 123 338 453
Silver
('000 ounces) 95 86 80 86 86 326 338
Sales:
Gold
('000 ounces) 84 112 98 122 134 316 466
Silver
('000 ounces) 99 122 68 - - 279 190
During the fourth quarter of 2001, dry weather provided full access to the
mining area and mill availability was above average; gold grade was down 7%
on the previous quarter. Full year gold production in 2001 was 34% higher
than in 2000. Silver sales were suspended until Indonesian taxation issues
are resolved.
Kennecott Minerals Company
Total production at the mines of Kennecott Minerals Company in the US;
Cortez/Pipeline (Rio Tinto 40%) in Nevada; Greens Creek (Rio Tinto 70%) in
Alaska and Rawhide (Rio Tinto 51%) in Nevada.
(100% basis)
Cortez/Pipeline mine
Ore treated
Milled
('000 tonnes) 867 744 842 784 829 3,337 3,199
Leached
('000 tonnes) 2,584 2,186 4,896 4,675 3,797 7,385 15,554
Sold for roasting
('000 tonnes) 102 77 99 113 101 141 390
Average ore grade:
Gold
Milled (g/t) 8.58 9.43 8.21 8.41 9.23 9.22 8.81
Leached (g/t) 1.43 1.23 1.20 1.01 1.00 1.01 1.10
Sold for roasting
(g/t) 17.14 16.42 12.15 6.84 7.84 17.43 10.34
Gold produced
('000 ounces) 295 295 304 294 295 1,010 1,188
Ore treatment rates and grades varied according to areas being mined and
ore type. Heap leach pad area and solution treatment capacity have been
expanded to increase gold production from leaching. During the fourth
quarter of 2001, mill tonnes increased and leach tonnes placed declined as
a result of transitioning from mining Phase 3 to 4. A change in roast ore
customers during the fourth quarter of 2001 resulted in a temporary
reduction of roast ore sales.
Greens Creek mine
Ore treated
('000 tonnes) 139 147 139 154 157 563 597
Average ore grades:
Gold (g/t) 7.10 7.23 6.74 6.31 6.36 7.13 6.65
Silver (g/t) 687 899 735 684 673 688 746
Zinc (%) 13.1 12.4 12.4 12.0 11.7 13.6 12.1
Lead (%) 5.3 5.1 4.7 4.7 4.6 5.3 4.8
Metals produced in concentrates:
Gold
('000 ounces) 21 23 21 22 22 83 88
Silver
('000 ounces) 2,229 3,252 2,555 2,582 2,575 9,237 10,964
Zinc
('000 tonnes) 14.4 14.2 13.8 15.1 14.9 60.7 58.0
Lead
('000 tonnes) 4.9 5.1 4.8 5.2 5.2 20.2 20.3
Mill throughput continued to increase through optimization efforts. Metal
grades varied with the mining sequence, with more ore sourced from the
West Ore Zone to increase tonnage productivity and reduce production
costs.
Rawhide mine
Ore treated
('000 tonnes) 1,435 1,362 1,510 1,418 1,433 5,929 5,723
Average ore grades:
Gold (g/t) 0.87 0.99 0.99 0.99 0.86 0.89 0.96
Silver (g/t) 11.0 15.9 14.8 19.0 15.9 12.5 16.4
Metals produced in dore:
Gold
('000 ounces) 23 25 27 25 24 104 101
Silver
('000 ounces) 158 177 201 177 175 814 730
Mill throughput rates varied due to changing ore hardness, maintenance
requirements and haulage distance as ore mining proceeded within the lower
benches of the mine. Silver grade fluctuated as a result of mining
sequence. Gold and silver production reflected delays in recovery from the
leach pads due to higher stacking.
Kennecott Utah Copper
Total production at Kennecott's Barneys Canyon mine (Rio Tinto 100%) and
Bingham Canyon mine, smelter and refinery (Rio Tinto 100%) both in Utah, US.
Barneys Canyon Mine
Ore treated
('000 tonnes) 541 380 549 639 432 2,250 2,000
Average ore grade:
Gold (g/t) 3.12 2.64 3.52 3.71 3.15 3.03 3.33
Gold produced in
dore and concentrates
('000 ounces) 48 37 30 32 41 153 140
Gold production in the fourth quarter of 2001 was lower than in the fourth
quarter of 2000 and higher than in the third quarter of 2001 principally
due to timing of flows from the heap leach pads.
Bingham Canyon Mine
Ore treated
('000 tonnes) 15,102 14,408 12,792 11,163 10,203 58,662 48,566
Average ore grade:
Copper (%) 0.63 0.63 0.82 0.74 0.73 0.57 0.73
Gold (g/t) 0.36 0.46 0.61 0.58 0.55 0.42 0.54
Silver (g/t) 2.71 2.91 4.07 3.91 3.99 2.77 3.67
Molybdenum
(%) 0.040 0.049 0.048 0.037 0.035 0.042 0.042
Copper concen-
trates produced
('000 tonnes) 326 296 312 261 239 1,137 1,108
Average concentrate
grade (% Cu) 24.9 26.9 29.6 28.0 28.0 25.9 28.1
Production of metals in copper concentrates:
Copper ('000 tonnes)
(a) 81.4 80.0 92.4 73.1 67.2 295.7 312.7
Gold
('000 ounces) 121 151 179 142 120 529 592
Silver
('000 ounces) 1,005 1,029 1,328 1,076 1,042 3,939 4,475
Molybdenum concentrates
produced
('000 tonnes): 4.2 5.1 3.8 2.8 2.8 18.4 14.5
Molybdenum in
concentrates
('000 tonnes) 2.3 2.8 2.2 1.5 1.6 10.1 8.1
Kennecott smelter & refinery
Copper concentrates
smelted
('000 tonnes) 296 212 236 256 271 1,072 975
Copper anodes produced
('000 tonnes)
(b) 73.9 61.0 65.1 42.1 76.0 268.8 244.2
Production of refined metal:
Copper
('000 tonnes) 71.9 67.0 56.3 43.7 67.3 268.7 234.3
Gold
('000 ounces) (c) 121 102 87 88 112 413 389
Silver
('000 ounces) (c) 821 657 834 626 765 3,218 2,882
(a) Includes a small amount of copper in precipitates.
(b) New metal excluding recycled material.
(c) Includes gold and silver in intermediate products.
Fourth quarter mine production of copper was lower than in the comparable
quarter of 2000 due to the closure of the North Concentrator, which produced
approximately 60,000 tonnes per annum of copper in concentrate, in June 2001.
Mine production was further impacted in the fourth quarter by the processing
of hard ore through the Copperton Concentrator.
Smelter performance improved in the fourth quarter of 2001 following
completion of the Flash Converting Furnace rebuild in the third quarter.
Anode production increased as semi-processed matte inventory built up during
the furnace rebuild was processed into final product.
Lihir Gold
Total production at the Lihir gold mine (Rio Tinto 16.3%(a)) in Papua New
Guinea.
(100% basis)
Ore treated
('000 tonnes) 943 962 864 966 827 3,413 3,619
Average ore grade:
gold (g/t) 6.63 6.64 6.59 6.00 5.43 6.01 6.18
Gold produced
('000 ounces)(b) 191 187 160 178 123 606 648
(a) 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.
(b) Gold production represents quantity of gold poured.
Fourth quarter 2001 production was below previous quarters due to a planned
process plant shut down and lower ore grade.
Northparkes Joint Venture
Total production and sales at the Northparkes mine (Rio Tinto 80% (a)) in
New South Wales, Australia.
(100% basis)
Sulphide ore treated
('000 tonnes) 1,297 1,315 1,295 1,371 1,444 1,989 5,425
Average ore grade:
Copper (%) 1.10 1.18 1.17 1.18 1.11 1.09 1.16
Gold (g/t) 0.16 0.29 0.39 0.28 0.32 0.16 0.32
Copper concentrates
produced
('000 tonnes) 32.1 35.5 35.2 37.3 36.2 48.9 144.2
Contained copper in
concentrates:
Saleable production
('000 tonnes) 12.5 13.7 13.4 14.3 13.8 19.0 55.1
Sales
('000 tonnes)(b) 7.9 9.3 14.5 10.4 10.5 14.5 44.7
Contained gold in
concentrates:
Saleable production
('000 ounces) 4.8 9.3 12.7 8.7 10.8 7.6 41.5
Sales
('000 ounces) (b) 2.7 5.4 12.0 6.1 8.2 5.5 31.6
(a) Rio Tinto acquired its interest in Northparkes as part of the purchase
of North Limited. Production data are shown from 11 August 2000, the
effective date of the acquisition.
(b) Rio Tinto's 80% share of material from the Joint Venture.
Record mill throughput was achieved for the year at 5.4 million tonnes.
The strong throughput result for the fourth quarter of 2001 offset lower
copper grades resulting from a higher quantity of open cut material and,
as the Lift 1 block cave nears completion, an increasing level of fines
and clay in underground material.
Palabora
Total production at the Palabora mine, smelter and refinery (Rio Tinto
49.3%(a)) in South Africa.
(100% basis)
Palabora mine
Ore treated
('000 tonnes) 6,514 4,167 2,745 4,056 3,555 25,737 14,522
Average ore grade
copper (%) 0.59 0.60 0.59 0.70 0.72 0.59 0.66
Copper concentrates
produced
('000 tonnes) 80.9 51.9 42.6 72.8 66.3 358.7 233.5
Average concentrate
grade
copper (%) 32.8 32.6 31.0 35.0 34.3 32.6 33.6
Copper in concentrates
('000 tonnes) 26.5 16.9 13.2 25.5 22.8 117.0 78.4
Palabora smelter/refinery
New concentrate
smelted on site
('000 tonnes) 83.9 75.5 77.3 86.9 70.7 281.9 310.4
New copper anodes
produced
('000 tonnes)(b) 30.3 25.8 19.7 22.9 16.7 90.2 85.0
Refined new copper
produced
('000 tonnes) 29.2 25.6 18.9 20.1 22.2 87.7 86.9
By-products:
Magnetite concentrate
('000 tonnes) 49 44 43 55 59 239 201
Uranium oxide
(tonnes) 28 13 10 8 - 95 31
Baddeleyite (several grades)
('000 tonnes) 2.2 1.7 1.3 1.0 - 7.9 4.0
Refined nickel sulphate
(tonnes) 82 74 59 38 74 263 245
Vermiculite Plant
Vermiculite produced
('000 tonnes) 64.1 36.1 34.9 47.2 42.1 208.4 160.3
(a) Rio Tinto increased its holding in Palabora from 46.5% to 48.6% during
the fourth quarter of 2000; it acquired a further 0.7% in July 2001.
(b) Contained copper in anodes; anode production includes a small amount
produced from purchased material.
Copper production was dictated by the supply of ore and smelter performance
in the fourth quarter of 2001. Ex-pit ore from the strategic stockpile
supplemented the concentrator feed when mining operations were interrupted
by rain and power failures. Low underground production and throughput of
slag, for grind and refloating, restricted concentrate production. However,
the copper recovery and concentrate grades were favourable. The failure of
ancillary equipment and low availability of converters had a major
influence on anode copper production. Refinery operations were stable with
a lack of anodes from the smelter restricting production. The 2001 cathode
production exceeded the anode production as a result of anode stock carried
over from 2000.
Magnetite production was increased in the fourth quarter of 2001. The
precious metal and nickel sulphate production were in line with tankhouse
utilisation.
Uranium and baddeleyite production ceased during the quarter, following
closure of the heavy minerals plant in August. Vermiculite production was
hampered throughout 2001 by wet in-pit conditions and by low availability
of plant and heavy equipment.
Peak Gold Mine
Total production and sales from the Peak Gold mine (Rio Tinto 100%) in New
South Wales, Australia.
Ore treated
('000 tonnes) 144 148 149 144 153 589 594
Average ore grades:
Gold (g/t) 5.98 4.55 6.60 6.82 5.57 7.23 5.88
Silver (g/t) 4.92 5.30 4.36 24.63 5.94 5.38 9.91
Copper (%) 0.46 0.38 0.50 0.38 0.47 0.40 0.43
Lead (%) 0.89 0.96 0.76 1.01 0.50 0.82 0.80
Zinc (%) 1.09 1.75 1.18 2.08 0.77 0.90 1.44
Bullion produced
('000 ounces) 28 22 32 41 25 139 120
Containing:
Gold
('000 ounces) 24 19 26 25 23 121 92
Silver
('000 ounces) 3 3 6 14 1 16 24
Gold recovered in
concentrates
('000 ounces) 2 1 3 3 2 9 9
Total gold production
('000 ounces) 26 20 29 28 25 130 101
Bullion sales
(fine gold)
('000 ounces) 25 22 22 25 23 120 91
Copper in concentrate ('000 tonnes):
Production - 0.2 0.4 0.1 0.2 1.0 0.9
Sales - - - - 1.1 1.1 1.1
Lead/zinc in concentrate ('000 tonnes):
Production 1.6 1.7 1.6 1.1 0.2 4.9 4.6
Sales 1.1 2.3 1.8 0.6 1.4 2.6 6.1
Production of lead/zinc blend concentrate concluded during the quarter as
mining of the Peak orebody nears conclusion. The final stages of mining
within the Peak orebody and the initial moves into the subsequent
orebodies also affected grade variability.
Rio Tinto Brasil Limitada
Total production at the Morro do Ouro gold mine (Rio Tinto 51%) in Minas
Gerais, Brazil.
(100% basis)
Morro do Ouro Mine
Ore treated
('000 tonnes) 4,785 3,938 3,868 4,115 4,567 19,745 16,488
Average ore grade:
gold (g/t) 0.48 0.47 0.47 0.43 0.42 0.48 0.45
Refined gold
produced
('000 ounces) 57 48 46 46 47 229 187
Production was lower in 2001 than 2000 due to lower ore grades and major
maintenance on the primary mills.
Rio Tinto Zimbabwe
Total production at Rio Tinto Zimbabwe's gold operations (Rio Tinto 56%) in
Zimbabwe.
(100% basis)
Cam Dump Reprocessing
Ore treated
('000 tonnes) 262 238 261 - - 930 499
Average ore grade:
gold (g/t) 1.19 1.29 1.49 - - 1.14 1.39
Total gold produced
('000 ounces) 3 3 2 - - 8 5
Patchway mine (a)
Ore treated
('000 tonnes) 27 24 24 25 24 104 98
Average ore grade:
gold (g/t) 4.99 4.09 4.35 4.88 4.62 5.05 4.49
Total gold produced
('000 ounces) 4 3 3 4 3 15 12
Renco mine
Ore treated
('000 tonnes) 63 64 63 67 69 287 263
Average ore grade:
gold (g/t) 6.01 7.45 7.02 6.84 5.95 5.91 6.80
Total gold produced
('000 ounces) 11 14 12 13 11 46 50
Total Rio Tinto Zimbabwe
Total gold produced
('000 ounces) 17 19 17 17 14 70 67
(a) Includes low grade material.
Production ceased at Cam Dump in June 2001.
Somincor
Total production at the Neves Corvo mine (Rio Tinto 49%) in Portugal.
(100% basis)
Neves Corvo mine
Total ore treated
('000
tonnes)(a) 250 581 551 406 484 1,689 2,021
Of which, treated to
extract tin
('000 tonnes) 40 57 59 49 25 248 190
Average ore grades:
Copper (%) 5.42 4.68 4.61 4.95 5.07 5.19 4.81
Tin (%) 0.81 1.46 1.65 1.80 1.21 1.45 1.58
Copper production:
Copper concentrates
produced
('000 tonnes) 48.0 94.5 89.7 72.1 88.1 319.2 344.3
Copper concentrate
grade:
copper (%) 24.1 24.1 24.1 23.9 24.2 23.9 24.1
Copper in concentrates
produced
('000 tonnes) 11.6 22.8 21.6 17.2 21.3 76.3 82.9
Tin production:
Tin concentrates
produced
('000 tonnes) 0.1 0.4 0.8 0.7 0.2 2.3 2.1
Tin concentrate
Grade: tin (%) 51.1 55.7 55.9 58.7 61.0 52.7 57.4
Tin in concentrates
produced
('000 tonnes) 0.1 0.2 0.4 0.4 0.1 1.2 1.2
(a) Total ore treated for both copper and tin production.
COPPER & GOLD (continued)
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2000 2001 2001 2001 2001 2000 2001
DIAMONDS
Argyle Diamonds
Total production from mining operations at Argyle Diamonds (Rio Tinto
99.8%(a)) in Western Australia.
(100% basis)
Ore processed
('000 tonnes):
AK1 ore 2,466 2,697 2,423 2,669 2,524 10,419 10,313
Alluvial ore 1,048 1,007 1,204 999 980 4,908 4,190
Total ore
processed 3,514 3,704 3,627 3,668 3,504 15,326 14,503
Diamonds recovered ('000 carats):
AK1 5,354 4,918 4,759 7,808 7,739 25,423 25,225
Alluvial 166 164 263 239 206 1,052 873
Total
recovered 5,520 5,082 5,022 8,048 7,945 26,475 26,097
(a) During the second half of 2000, Rio Tinto increased its interest in
Argyle from 59.7% to 99.8% by virtue of its acquisition of Ashton Mining.
AK1 and alluvial ore processed in the fourth quarter of 2001 were in line
with previous quarters.
AK1 carat production reflected the continuation of ore production from
higher grade areas, in accordance with pit development plans. Alluvial
carat production reflected the mining of lower grade blocks.
Ashton Mining
Rio Tinto share of production from the Ashton Mining (Rio Tinto 100% (a))
diamond interests apart from Argyle.
(Rio Tinto share)
Ore processed
('000 tonnes) 95 95 61 141 135 95 431
Diamonds recovered
('000 carats) 37 15 7 13 20 37 55
(a) Production data are shown from 10 November 2000, the effective date of
acquisition of Ashton Mining.
Ore throughput and carat production at the Merlin mine were below
expectations, due to process plant constraints associated with processing
of harder ore.
IRON ORE FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2000 2001 2001 2001 2001 2000 2001
Hamersley Iron
Total production and shipments are for all the mines operated by Hamersley
Iron (Rio Tinto 100%). These mines are Paraburdoo, Mount Tom Price,
Marandoo, Yandicoogina, Brockman (all Rio Tinto 100%) and Channar (Rio Tinto
60%) all in Western Australia.
(100% basis)
Saleable iron ore produced
('000 tonnes):
Paraburdoo, Mount Tom Price,
Marandoo, Brockman and
Yandicoogina 14,857 13,579 14,352 15,748 15,149 55,095 58,828
Channar 2,811 2,453 2,716 2,704 3,215 10,602 11,088
Total
production 17,668 16,032 17,068 18,452 18,364 65,697 69,916
Total shipments
('000 tonnes) 17,722 15,312 16,504 16,710 16,831 67,055 65,357
Hamersley achieved record fourth quarter production, exceeding the previous
record set in 2000 by 3.9%. A new record for full year production was also
set, exceeding production in 2000 by 6.4%. The increase in production was
in response to strong demand for Hamersley's products and allowed Hamersley
to rebuild port stockpiles, which were at their lowest-ever levels.
Shipments were the second-highest level on record driven by strong demand
from China, which was the single largest market for Hamersley's shipments.
Iron Ore Company of Canada
Total production and shipments from the Carol Lake operations (Rio Tinto
56.1% (a)) in Labrador, Canada.
(100% basis)
Carol Lake operations
Saleable production:
Concentrates
('000 tonnes) 868 638 1,019 630 717 1,435 3,004
Pellets
('000 tonnes) 3,092 2,702 3,306 2,986 2,564 4,701 11,558
Shipments:
Concentrate
('000 tonnes) 1,124 652 1,098 727 938 1,842 3,415
Pellets
('000 tonnes) 2,517 1,987 2,824 2,207 2,704 4,298 9,722
(a) Rio Tinto acquired its interest in Iron Ore Company of Canada as part
of the purchase of North Limited. Production data are shown from 11 August
2000, the effective date of the acquisition.
The operating performance by IOC in the fourth quarter of 2001 suffered
from difficulties associated with the commissioning of the first of three
lines of the Concentrator Upgrade Project. Depressed conditions in IOC's
major markets continued in the quarter, with low utilisation rates at steel
mills in North America and Europe.
Rio Tinto Brasil Limitada
Total production at the Corumba mine (Rio Tinto 100%) in Corumba, Mato
Grosso do Sul, Brazil.
Corumba mine
Total iron ore production
('000 tonnes) (a) 178 156 116 206 164 778 642
(a) Production includes by-product fines.
Production was lower in 2001 than in 2000 due to the Argentinian crisis
resulting in lower sales to a major customer.
Robe River Iron Associates
Total production and shipments from the Pannawonica mine (Rio Tinto 53% (a))
in Western Australia.
(100% basis)
Pannawonica mine
Saleable production
('000 tonnes) 7,954 6,781 6,970 8,692 8,263 12,785 30,706
Shipments
('000 tonnes) 7,295 7,308 7,136 9,087 7,582 12,895 31,113
(a) Rio Tinto acquired its interest in Robe River as part of the purchase
of North Limited. Production data are shown from 11 August 2000, the
effective date of the acquisition.
Production for the fourth quarter of 2001 was 5% less than in the previous
quarter and 4% more than in the corresponding quarter in 2000.
Shipments for the fourth quarter of 2001 decreased by 20% compared with the
high previous quarter due to a number of shipments deferred to January, but
increased by 4% compared with the corresponding period of 2000.
NICKEL
Rio Tinto Brasil Limitada
Total nickel in matte production at the Fortaleza mine (Rio Tinto 100%) in
Brazil
Fortaleza mine
Production
(tonnes) 2,674 2,710 2,487 2,989 1,984 8,738 10,170
Production was higher in 2001 than in 2000 due to mining and metallurgy
performance improvements and to a month's production stoppage in 2000
during the transition from open pit to underground mining.
Rio Tinto Zimbabwe
Total refined metal production at the Empress Nickel refinery (Rio Tinto
56%) in Zimbabwe.
(100% basis)
Empress Nickel refinery
Production
(tonnes) 1,654 1,623 1,651 1,770 1,591 6,935 6,635
SALT
Dampier Salt
Total production of salt from Dampier, Lake MacLeod and Port Hedland (a)(Rio
Tinto 64.9%) in Western Australia.
(100% basis)
Salt production
('000 tonnes) 1,095 1,385 1,571 1,550 2,035 4,599 6,541
(a) Production data from the newly acquired Port Hedland operation (Dampier
Salt 100%) are included with effect from 17 August 2001.
TALC
The Luzenac Group
Total talc production from Luzenac Group operations in Europe (Rio Tinto
99.9%), North America (Rio Tinto 100%) and Australia (Rio Tinto 100%)
(100% basis)
Talc
production
('000 tonnes) 302 323 319 312 316 1,262 1,268
TITANIUM DIOXIDE FEEDSTOCK
Rio Tinto Iron and Titanium
Rio Tinto share of titanium dioxide feedstock production in Canada and South
Africa.
(Rio Tinto share)
Titanium dioxide
feedstock
production
('000 tonnes) 368 356 371 359 341 1,368 1,427
URANIUM
Energy Resources of Australia Ltd
Total production at the Ranger mine (68.4% Rio Tinto (a)) in the Northern
Territory, Australia.
(100% basis)
Ranger mine
Production
(tonnes U3O8) 1,216 1,320 947 789 1,155 1,764 4,211
(a) Rio Tinto acquired its interest in ERA as part of the purchase of North
Limited. Production data are shown from 11 August 2000, the effective date of
the acquisition.
Rossing Uranium Ltd
Total uranium production at the Rossing Uranium mine (Rio Tinto 68.58%) in
Namibia.
(100% basis)
Production
(tonnes U3O8) 836 724 449 793 674 3,201 2,640
2001 production was reduced compared with 2000 as a result of mining
limitations in the pit, given the need to make allowances for future
flexibility, and the matching of production to market conditions in order
to rationalise inventory levels.
ZINC
Norzink AS
Total refined zinc production at the Norzink smelter (Rio Tinto 50% (a)) in
Norway.
(100% basis)
Production
('000 tonnes) 35 36 5 - - 138 41
(a) Rio Tinto completed the sale of its interest in Norzink on 17 April
2001.
Zinkgruvan Mining AB
Total production at the Zinkgruvan mine (Rio Tinto 100% (a)) in Sweden.
Ore treated
('000 tonnes) 179 201 203 195 208 306 807
Average ore grades:
Zinc (%) 11.1 8.2 8.0 8.5 8.7 10.7 8.4
Lead (%) 4.3 3.3 3.9 3.5 3.7 4.1 3.6
Silver (g/t) 112 75 87 83 91 110 84
Production of zinc
concentrate
('000 tonnes) 33.9 28.0 26.6 27.8 30.2 56.6 112.6
Production of lead
concentrate
('000 tonnes) 9.1 7.9 9.6 8.6 8.9 14.6 35.0
Production of
metal in
concentrates:
Zinc
('000 tonnes) 18.7 15.3 14.8 15.1 16.6 31.5 61.8
Lead
('000 tonnes) 6.6 5.7 6.9 5.8 6.1 10.5 24.5
Silver
('000 ounces) 431 347 396 326 427 702 1,496
(a) Rio Tinto acquired its interest in Zinkgruvan as part of the purchase
of North Limited. Production data are shown from 11 August 2000, the
effective date of the acquisition.
Mill throughput exceeded 800,000 tonnes for the first time in 2001.
Exploration
Expenditure
Total pre-tax exploration expenditure charged to the profit and loss
account for the quarter ending 31 December 2001 was US$42 million compared
with US$50 million in the comparable quarter of 2000. Total expenditure
for the twelve months of 2001 was US$130 million, compared with US$136
million in 2000.
Ongoing Programmes
Country Commodity Programme Summary
Indonesia Copper and gold In Freeport Block A, exploration drilling
has extended the Ertsberg Stockwork Zone
resource toward the Deep Ore Zone mine.
Turkey Copper and gold Exploration drilling continued on the
Copler porphyry gold-copper prospect in
eastern Turkey.
Ecuador Copper Exploration drilling commenced on the El
Filon porphyry copper project in Ecuador.
Peru Copper Encouragement was obtained from exploration
drilling on the Marcona iron-oxide copper-
gold prospect in southern Peru.
USA Copper Encouragement was obtained from exploration
drilling of deep high-grade porphyry copper
mineralisation at the Resolution project in
Arizona.
Canada Diamonds Assay results for drill core samples of the
Anuri East kimberlite pipe in the Nunavut
region show that it is significantly
diamondiferous.
Fieldwork commenced on the Band-Ore
property in Ontario where prospecting has
identified diamondiferous outcrops.
Iran Gold Exploration drilling continued on the
Dashkasan porphyry gold prospect in Iran.
Guinea Iron Ore Drilling continued at the Simandou lump
haematite prospect in southeastern Guinea.
This information is provided by RNS
The company news service from the London Stock Exchange