Fourth quarter 2010 operation

RNS Number : 6211Z
Rio Tinto PLC
18 January 2011
 



Fourth quarter 2010 operations review

 

18 January 2011

 

Chief executive Tom Albanese said: "Running our operations at full capacity was a priority for Rio Tinto in 2010, in an environment of strong prices for most of our commodities. Our success is clearly demonstrated in iron ore where we set new quarterly and annual production records. During the quarter we approved a further $5.5 billion in value-adding growth projects, including the expansion of our Pilbara iron ore operations to 283 million tonnes a year and the first phase of an aluminium smelting pilot plant in Quebec using our new AP60 technology."

 

·      Rio Tinto's global iron ore operations set a new quarterly production record at 65 million tonnes (50 million tonnes attributable) and a new annual record at 239 million tonnes (185 million tonnes attributable).  

 

·      Mined and refined copper were down nine per cent and six per cent on the fourth quarter of 2009 and down 16 per cent and five per cent on full year 2009, in line with previous guidance.

 

·      Bauxite production increased nine per cent year on year in line with higher demand. Alumina and aluminium production were broadly flat.

 

·      Australian hard coking coal production was up eight per cent on the fourth quarter of 2009 and rose 20 per cent on full year 2009, following increased investment at the Queensland operations. Australian thermal coal production was down nine per cent overall for the year, mainly due to wet weather in the Hunter Valley.

 

·      The force majeure declaration at the four Queensland coal mines remains in place. All the Queensland coal mines are operational but are still constrained in some way by weather impacts, including the impact on third party infrastructure. Rio Tinto is currently unable to provide an estimate of the full impact of this adverse weather or the duration of the force majeure declaration.

 

·      On 8 December, Rio Tinto signed a new agreement with Ivanhoe Mines under which Rio Tinto will assume direct management of the Oyu Tolgoi copper-gold project in Mongolia. The agreement also gives Rio Tinto the right to increase its holding in Ivanhoe to 49 per cent.

 

·      On 15 December, Rio Tinto completed the divestment of its remaining 48 per cent equity holding in Cloud Peak Energy Inc. The total gross proceeds from the secondary offering of $573 million were received in December.

 

·      On 23 December, Rio Tinto announced a A$16 per share cash offer to acquire all of the issued and outstanding shares of Riversdale Mining Limited by way of a recommended off-market takeover offer.

 

·      Rio Tinto approved major capital projects totalling $5.5 billion during the fourth quarter, bringing the full year total of project approvals to $10.8 billion.

 

All currency figures in this report are US dollars, and comments refer to Rio Tinto's share of production, unless otherwise stated

 

 

IRON ORE

 

Rio Tinto share of production (000 tonnes)

 

Q4 10

vs Q4 09

vs Q3 10

FY 10

vs FY 09

Hamersley

35,106

+4%

+4%

128,522

+5%

Hope Downs

4,201

+48%

+18%

15,860

+54%

Robe River

8,539

+6%

+7%

31,610

+10%

IOC (pellets and concentrate)

2,204

-9%

-3%

8,638

+6%

 

Pilbara marketing

Sales volumes from the Pilbara region of Western Australia continued to set new records in response to growing demand: fourth quarter sales of 58 million tonnes were three per cent higher than the corresponding quarter of 2009 and full year volumes increased nine per cent to 223 million tonnes (100 per cent basis).

 

Pilbara operations

Pilbara operations also set new quarterly and annual production records at 61 million tonnes and 224 million tonnes (100 per cent basis) as the mines operated at above nameplate capacity. The new Hamersley mines, Brockman 4 and Western Turner Syncline, continued to ramp up whilst Robe River benefited from rising production at Mesa A. In October Robe River reached a new milestone following the export of its one billionth tonne of iron ore.

 

On 3 December Rio Tinto Limited and Sinosteel Corporation announced the extension of their Channar Mining joint venture in the Pilbara, leading the way for a further 50 million tonnes of iron ore to be produced over the next five years.

 

Important variations to the State Agreements were approved by the Western Australian parliament, which will lead to greater operational flexibility for our Pilbara operations.

 

Pilbara expansion

During the fourth quarter, Rio Tinto announced investments of $4.3 billion (Rio Tinto share $3.3 billion) for the Pilbara expansion to 283 million tonnes per annum. Total Pilbara investment approvals in 2010 were $7.2 billion (Rio Tinto share $5.3 billion).

On 20 October, Rio Tinto announced that it is to invest $3.1 billion (Rio Tinto share $2.1 billion) in expanding its iron ore infrastructure capacity in the Pilbara to 283 million tonnes per annum by the end of 2013.

 

On 1 December, Rio Tinto approved a further $1.2 billion investment to lift its annual iron ore production capacity in the Pilbara. The capital will be used for significant expansions at the Brockman 4 and Western Turner Syncline mines. The third mine earmarked for expansion as part of this programme, Nammuldi, is currently under study, with an investment decision expected in 2011.

Rio Tinto's integrated operations will be progressively upgraded as follows:

·      220 Mt/a - current operating capacity

·      225 Mt/a by end of Q1 2011 - Dampier port systems efficiencies (in implementation)

·      230 Mt/a by end of Q1 2012 - Dampier port incremental (in implementation)

·      283 Mt/a by end of H2 2013 - Cape Lambert first 53 Mt/a increment (in implementation)

·      333 Mt/a by end of H2 2015 - Cape Lambert second 50 Mt/a increment  (in feasibility study)

 

Iron Ore Company of Canada (IOC)

Fourth quarter production of pellets and concentrate at IOC declined nine per cent on the same quarter of 2009, reflecting lower mine equipment availability and severe winter weather conditions. 2010 saw a return to the normal proportions of concentrate and pellet sales in the overall sales mix as demand levels recovered.

 

HIsmelt

In December the HIsmelt joint venture partners agreed to permanently close the Kwinana site and terminate the joint venture. The majority of closure work is expected to be completed by 2014. The technology business (100 per cent Rio Tinto owned) continues and a number of licensing opportunities are progressing.

 

 

COPPER

 

Rio Tinto share of production

 

Q4 10

vs Q4 09

vs Q3 10

FY 10

vs FY 09

Kennecott Utah Copper

 

 

 

 

 

Mined copper (000 tonnes)

68.5

+3%

+5%

249.8

-18%

Refined copper (000 tonnes)

64.8

-11%

-13%

269.3

-2%

Molybdenum (000 tonnes)

4.2

+22%

+56%

12.9

+14%

Mined gold (000 ozs)

96

-39%

-8%

468

-20%

Refined gold (000 ozs)

112

-24%

-32%

596

+24%

Escondida

 

 

 

 

 

Mined copper (000 tonnes)

76.2

-11%

+4%

303.3

-5%

Refined copper (000 tonnes)

24.6

+3%

+5%

90.0

-8%

Grasberg JV

 

 

 

 

 

Mined copper (000 tonnes)

21.4

-34%

+892%

50.7

-53%

Mined gold (000 ozs)

67

-64%

+27%

183

-57%

Northparkes

 

 

 

 

 

Mined copper (000 tonnes)

8.0

+23%

-1%

31.2

+14%

Palabora

 

 

 

 

 

Mined copper (000 tonnes)

11.1

-4%

+2%

43.0

-10%

 

Kennecott Utah Copper

As previously guided, lower ore grades accounted for much of the decrease in the annual production of copper, gold and silver in concentrates. This was partly offset by record mill rates at the Copperton concentrator. Molybdenum production rebounded in the full year in line with an increase in ore grades

 

Higher copper and molybdenum ore grades in the fourth quarter resulted in increased production of metal in concentrate compared with the same quarter of 2009.  Lower gold and silver ore grades led to lower precious metal production in the fourth quarter compared with prior periods. 

 

Refined copper production was marginally lower in 2010 due to a planned 19 day maintenance shutdown at the smelter, whilst refined gold and silver production benefited from processing higher grade ore accessed in late 2009. Fourth quarter refined metal production declined due to lower concentrate availability.

 

Escondida

Fourth quarter contained copper mill production was 16 per cent lower than the same quarter of 2009,  primarily due to declining grades and an eight day conveyor shutdown at the Laguna Seca concentrator. Increased ore hardness and lower shovel availability at the mine led to further decreases in copper concentrate production. This was partly offset by higher levels of recoverable copper in ore stacked for leaching, resulting in an overall decrease in mined copper production of 11 per cent.

 

Fourth quarter refined copper production was broadly consistent with the previous quarter and the same quarter of 2009.

 

Grasberg

Freeport is due to release its 100 per cent operating data for the fourth quarter on 20 January 2011.

Rio Tinto's share of joint venture copper and gold in 2010 was impacted by the anticipated lower ore grades and lower mill throughput; these factors reduced the Rio Tinto share of production under the metal strip agreement.

 

Northparkes

Mined copper production at Northparkes rose by 23 per cent compared with the same quarter of 2009 due to increasing production from the E48 block cave. Annual production increased by 14 per cent compared with 2009 as a result of higher grade material mined and the ramp-up of the E48 block cave.

 

Oyu Tolgoi

On 8 December, Rio Tinto announced that it is to manage the Oyu Tolgoi copper/gold project in Mongolia under a new financial agreement with Ivanhoe Mines. Rio Tinto subsequently increased its interest in Ivanhoe to 40.5 per cent through an early, partial exercise of the Series B warrants and the previously announced purchase of shares from Robert Friedland.

 

Rio Tinto has committed to fully participate in Ivanhoe's rights offering and, following the closing of the rights offering in February 2011, it expects to increase its interest in Ivanhoe to 42.3% through the previously announced acquisition of 10 million Ivanhoe shares from Citibank.

 

Rio Tinto also secured the right to increase its ownership in Ivanhoe to 49 per cent.

 

Provisional pricing

The effect of provisional pricing of copper sales is estimated to result in an increase in underlying earnings of approximately $180 million in the second half of 2010.

 

At the end of 2010, the Group had an estimated 266 million pounds of copper sales that were provisionally priced at US 433 cents per pound. The final price of these sales will be determined during the first half of 2011. This compared with 239 million pounds of open shipments at 30 June 2010 provisionally priced at US 296 cents per pound.

 

 

ALUMINIUM

 

Rio Tinto share of production (000 tonnes)

 

Q4 10

vs Q4 09

vs Q3 10

FY 10

vs FY 09

Bauxite

8,557

-6%

-2%

33,443

+9%

Alumina

2,292

+0%

-2%

9,089

+3%

Aluminium

962

+0%

+2%

3,790

-0%

 

Bauxite

Fourth quarter bauxite production was six per cent lower than the same quarter of 2009 but was nine per cent higher for the full year in line with rising third party demand.

 

Alumina

Fourth quarter alumina production was stable compared with prior quarters. Annual production increased three per cent on 2009 when production cutbacks were made, primarily at the Vaudreuil refinery.

 

Aluminium

Fourth quarter aluminium production was consistent with the same quarter of 2009 while full year production was in line with 2009.

 

Production at Kitimat was reduced due to the closures of lines 7 and 8 in September in preparation for the modernisation project.

 

Laterrière returned to full production at the end of September following a power outage in July which forced the temporary closure of one of the plant's two potlines. The loss of metal production during the partial shutdown was around 24,000 tonnes.

 

Other movements included higher production at NZAS following a transformer failure in 2008 which impacted 2009 and a gradual return to full capacity at the operating UK smelters, partly offset by the cessation of smelting activities at Anglesey.

 

Low snow and rain levels in the Saguenay region of Quebec during the first half of 2010 led to reduced power generation, resulting in the need to purchase additional power under a specially negotiated power block from the state utility over a 12 month period. The impact on EBITDA in the second half of 2010 was approximately $60 million and the full year impact was $117 million.

 

On 1 October, Rio Tinto announced an investment of $140 million in a leading-edge casting facility to produce value-added billet at its aluminium smelter in Straumsvik, Iceland.  This is in addition to an investment of $347 million to modernise and increase the smelter's capacity by 20 per cent following the completion of a long-term energy supply agreement.

 

On 14 December, Rio Tinto announced that it is to invest $758 million on completing the first phase of the AP60 plant in Saguenay-Lac-Saint-Jean, Quebec. An additional $300 million will be invested for further construction in preparation for the $2.5 billion modernisation of the Kitimat smelter in British Columbia.

 

On 13 January 2011, Rio Tinto gave notice of a force majeure event impacting the supply of aluminium to some customers from its Boyne Smelter near Gladstone as a result of the severe flooding across Queensland.

 

 

ENERGY

 

Australian coal

Rio Tinto share of production (000 tonnes)

 

Q4 10

vs Q4 09

vs Q3 10

FY 10

vs FY 09

Rio Tinto Coal Australia

 

 

 

 

 

Hard coking coal

2,279

+8%

-6%

8,967

+20%

Semi-soft coking coal

797

-20%

+70%

3,075

+7%

Thermal coal

5,154

+3%

+10%

18,430

-9%

 

Hard coking coal production from the Queensland coal operations continued to benefit from the recent investment in two additional shovels and two new truck fleets, although it declined by six per cent compared with the third quarter following the heavy rainfall in December.

 

Semi-soft coal production was 20 per cent lower than the corresponding quarter of 2009, but 70 per cent higher than the third quarter, primarily due to coal seam presentation in the mining sequence relative to comparable periods. The thermal coal operations increased production by three per cent compared with the same quarter of 2009. Blair Athol continued to wind down to 3 million tonnes per annum, partly offset by the ramp up of Clermont which produced 2.1 million tonnes in the quarter.

 

On 29 December, Rio Tinto declared force majeure on coal sales contracts from the Hail Creek, Kestrel, Blair Athol and Clermont mines as a result of severe monsoonal rain in central and northern Queensland. Limited operations are underway but Rio Tinto is currently unable to provide an estimate of the full impact of this adverse weather or the duration of the force majeure declaration.

 

Uranium

Rio Tinto share of production (000 lbs)

 

Q4 10

vs Q4 09

vs Q3 10

FY 10

vs FY 09

Energy Resources of Australia

 

1,912

 

+15%

 

+35%

 

5,891

 

-25%

Rössing

1,363

-20%

+1%

5,485

-13%

 

Fourth quarter production at ERA benefited from higher milled head grade, in part offset by slightly lower throughput and lower mill recoveries. Rössing continued to be impacted by lower average feed grade.

 



DIAMONDS & MINERALS

 

Rio Tinto share of production

Diamonds (000 carats)

Q4 10

vs Q4 09

vs Q3 10

FY 10

vs FY 09

Argyle

2,243

-36%

-7%

9,804

-7%

Diavik

926

+1%

-13%

3,900

+17%

 

 

 

 

 

 

Minerals (000 tonnes)

 

 

 

 

 

Borates

113

+3%

-20%

500

+18%

Titanium dioxide feedstock

373

+15%

+11%

1,392

+21%

Talc

237

+6%

-9%

1,000

+13%

 

The processing of lower grade ore from the Argyle open pit continued in the fourth quarter. Ore processed increased 57 per cent in 2010, following the three month shutdown in 2009, but diamond production was lower overall due to lower grades.

 

Diamond production at Diavik was 17 per cent higher than in 2009 reflecting a significant increase in ore processed, partly offset by lower grades in the areas currently being mined. Operations were scaled back in 2009 in response to the economic slowdown.

 

Minerals production in 2010 continued to demonstrate a healthy recovery in line with improving global economic conditions. Fourth quarter borate production declined by 20 per cent compared with the third quarter, due to adverse weather conditions in December in southern California and scheduled plant shutdowns.

 

Titanium dioxide feedstocks production similarly mirrored an improvement in market conditions. The 21 per cent annual increase reflected an eight week summer shutdown at RTFT in 2009 and a full year of mining in Madagascar, partly offset by the reduced shareholding in RBM following the BBBEE transaction in December 2009.  

 

OTHER CORPORATE ACTIVITY

 

On 18 October, Rio Tinto and BHP Billiton jointly ended plans for an iron ore production joint venture in the Pilbara in Western Australia following extensive discussions with regulators.

On 4 January 2011, Rio Tinto completed the divestment of 61 per cent of Alcan Engineered Products to certain investment funds affiliated with Apollo Global Management, LLC (Apollo) and the Fonds Stratégique d'Investissement.



EXPLORATION AND EVALUATION

 

Pre-tax and pre-divestment expenditure on exploration and evaluation charged to the profit and loss account in 2010 was $589 million compared with $514 million in 2009. In 2010 the Group realised $86 million (pre-tax) from the divestment of central exploration properties, compared with $85 million in 2009.

 

Exploration highlights 

A non-binding Memorandum of Understanding was signed with Chinalco on 3 December 2010 to establish an exploration joint venture (JV) in China. The JV will explore mainland China for world-class mineral deposits and is expected to come into operation in the first half of 2011. It is intended that between three and five large area exploration projects will be selected for initial focus by the JV, with the potential for additional regions to be added at a later date.

 

At the Amargosa bauxite project in Brazil, the Order of Magnitude study continued and remains on track for completion in the fourth quarter of 2011.

 

A summary of activity for the period is as follows:

 

Product Group

Evaluation projects

Advanced projects

Greenfield programmes

Aluminium

 

Amargosa, Brazil

Australia, Brazil, Guyana, Laos

Copper

Copper/molybdenum: Resolution, US.

Copper: La Granja, Peru

Nickel/copper: Eagle, US

Copper: Bingham Orbit, US.

Nickel: Tamarack, US.

Copper: Chile, Kazakhstan, Peru, Russia, US

Nickel: Canada, South Africa

Diamonds & Minerals

Diamonds: Bunder, India

Lithium borates: Jadar, Serbia


Diamonds: Canada, Democratic Republic of Congo, India

Energy


Coal: Altai Nuurs, Mongolia,

Bowen Basin, Australia

Uranium: Canada, Jordan

 

Iron Ore

Simandou, Guinea

Pilbara, Australia

Pilbara, Australia.

Canada, Democratic Republic of Congo

 

Mine-lease exploration continued at a number of Rio Tinto businesses including Kennecott Utah Copper, Northparkes, Energy Resources of Australia, Rössing, Diavik and Pilbara Iron. 

 

 



About Rio Tinto

 

Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.

 

Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.

 

For further information, please contact:

Media Relations, EMEA / Americas

Illtud Harri

Office: +44 (0) 20 7781 1152

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Mobile: +44 (0) 7920 010 978

 

Investor Relations, Australia

Dave Skinner

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Website:  www.riotinto.com

Email:     media.enquiries@riotinto.com / enquiries.mediaaustralia@riotinto.com

           

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Rio Tinto production summary

Rio Tinto share of production

 



Quarter


Full

Year


% Change



2009

2010

2010





Q4 10

Q4 10

2010



Q4

Q3

Q4


2009

2010


vs

vs

vs










Q4 09

Q3 10

2009

Principal Commodities












Alumina

('000 t)

2,282

2,347

2,292


8,815

9,089


0%

-2%

3%

Aluminium

('000 t)

957

939

962


3,803

3,790


0%

2%

0%

Bauxite

('000 t)

9,072

8,696

8,557


30,696

33,443


-6%

-2%

9%

Borates

('000 t)

109

141

113


424

500


3%

-20%

18%

Coal - hard coking

('000 t)

2,119

2,434

2,279


7,467

8,967


8%

-6%

20%

Coal - semi-soft coking

('000 t)

998

468

797


2,885

3,075


-20%

70%

7%

Coal - Australian thermal

('000 t)

5,024

4,694

5,154


20,217

18,430


3%

10%

-9%

Coal - US thermal

('000 t)

17,095

11,848

9,220


82,983

42,283


-46%

-22%

-49%

Copper - mined

('000 t)

203.3

159.7

185.2


804.7

678.1


-9%

16%

-16%

Copper - refined

('000 t)

105.5

106.7

99.5


412.4

392.8


-6%

-7%

-5%

Diamonds

('000 cts)

4,451

3,536

3,199


14,026

13,843


-28%

-10%

-1%

Iron ore

('000 t)

47,228

47,608

50,050


170,038

184,629


6%

5%

9%

Titanium dioxide feedstock

('000 t)

325

335

373


1,147

1,392


15%

11%

21%

Uranium

('000 lbs)

3,360

2,776

3,276


14,140

11,377


-3%

18%

-20%

Other Metals & Minerals











Gold - mined

('000 ozs)

374

187

191


1,111

772


-49%

2%

-30%

Gold - refined

('000 ozs)

147

164

112


479

596


-24%

-32%

24%

Molybdenum

('000 t)

3.4

2.7

4.2


11.3

12.9


22%

56%

14%

Salt

('000 t)

1,192

1,115

1,427


5,848

5,188


20%

28%

-11%

Silver - mined

('000 ozs)

2,375

1,595

1,849


8,569

6,862


-22%

16%

-20%

Silver - refined

('000 ozs)

1,148

1,207

1,094


4,050

4,732


-5%

-9%

17%

Talc

('000 t)

222

259

237


888

1,000


7%

-9%

13%

 

 

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

 


Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

ALUMINA









Production ('000 tonnes)









Gardanne (a)

100%

-

-

-

-

-

-

-

Gove

100%

656

595

615

642

621

2,519

2,473

Jonquière (Vaudreuil)

100%

288

316

309

340

335

1,125

1,301

Queensland Alumina

80%

813

762

790

765

740

3,167

3,057

São Luis (Alumar)

10%

53

59

51

68

74

166

251

Yarwun

100%

341

336

318

364

359

1,347

1,377

Specialty alumina plants  (b)

100%

129

143

157

168

163

492

631

Rio Tinto total alumina production


2,282

2,211

2,240

2,347

2,292

8,815

9,089

ALUMINIUM









Production ('000 tonnes)









Australia - Bell Bay

100%

44

43

44

45

45

177

177

Australia - Boyne Island

59%

84

82

83

84

83

331

332

Australia - Tomago

52%

68

67

68

69

69

272

272

Cameroon - Alucam (Edéa)

47%

10

8

6

10

11

34

35

Canada - six wholly owned (c)

100%

345

337

339

315

332

1,390

1,322

Canada - Alouette (Sept-Îles)

40%

58

57

57

56

58

229

228

Canada - Bécancour

25%

27

26

27

26

26

105

104

France - two wholly owned

100%

90

88

89

89

90

345

357

Iceland - ISAL (Reykjavik)

100%

48

47

47

48

48

190

190

New Zealand - Tiwai Point 

79%

64

65

68

70

70

215

273

Norway - SORAL (Husnes)

50%

11

11

11

11

11

49

44

Oman - Sohar

20%

19

18

18

19

19

70

73

UK - two wholly owned

100%

40

41

47

49

49

147

186

UK - Anglesey (d)

51%

-

-

-

-

-

54

-

USA - Sebree

100%

49

48

49

48

50

193

196

Rio Tinto total aluminium production


957

937

952

939

962

3,803

3,790

BAUXITE









Production ('000 tonnes) (e)









Awaso (f)

0%

47

34

-

-

-

352

34

Gove

100%

1,996

1,849

1,799

1,771

1,771

7,185

7,190

Porto Trombetas

12%

521

457

487

548

550

1,877

2,043

Sangaredi

(g)

1,565

1,356

1,392

1,415

1,422

5,047

5,586

Weipa

100%

4,942

4,550

4,266

4,962

4,813

16,235

18,591

Rio Tinto total bauxite production


9,072

8,246

7,945

8,696

8,557

30,696

33,443

 



 


Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

BORATES









Production ('000 tonnes B2O3 content)









Rio Tinto Minerals - borates

100%

109

111

136

141

113

424

500

COAL - hard coking









Rio Tinto Coal Australia ('000 tonnes)









Hail Creek Coal

82%

1,513

1,006

1,468

1,709

1,708

5,173

5,890

Kestrel Coal

80%

607

852

927

726

571

2,294

3,076

Rio Tinto total hard coking coal production


2,119

1,858

2,395

2,434

2,279

7,467

8,967

COAL - semi-soft coking (h)









Rio Tinto Coal Australia ('000 tonnes)









Hunter Valley

76%

488

522

646

257

443

1,988

1,869

Mount Thorley

61%

495

185

335

191

173

674

884

Warkworth

42%

14

99

23

19

180

223

321

Rio Tinto total semi-soft coking coal production


998

807

1,003

468

797

2,885

3,075

COAL - thermal (h)









Bengalla

30%

434

372

447

337

503

1,655

1,659

Blair Athol Coal

71%

1,858

1,525

1,569

1,260

492

8,068

4,846

Clermont (i)

50%

-

-

265

560

1,064

-

1,889

Hunter Valley

76%

1,817

1,433

1,314

1,675

1,969

6,515

6,391

Kestrel Coal

80%

163

143

182

141

104

679

571

Mount Thorley

61%

216

114

164

183

459

1,351

920

Warkworth

42%

535

470

584

538

562

1,949

2,154

Total Australian thermal coal


5,024

4,056

4,526

4,694

5,154

20,217

18,430










US Coal ('000 tonnes)









Antelope (j)

0%

5,898

3,708

3,907

4,155

3,274

29,031

15,043

Colowyo

100%

717

582

506

684

599

3,214

2,371

Cordero Rojo (j)

0%

7,289

3,906

4,389

4,535

3,354

33,361

16,184

Decker (j)

0%

387

103

180

171

154

2,017

609

Spring Creek (j)

0%

2,803

1,774

2,161

2,303

1,838

15,360

8,076

Total US thermal coal


17,095

10,073

11,143

11,848

9,220

82,983

42,283

Rio Tinto total thermal coal production


22,120

14,129

15,669

16,541

14,373

103,200

60,713

 



 


Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

COPPER









Mine production ('000 tonnes) (e)









Bingham Canyon

100%

66.8

61.3

54.8

65.2

68.5

303.5

249.8

Escondida

30%

85.9

72.7

81.0

73.3

76.2

318.3

303.3

Grasberg - Joint Venture (k)

40%

32.5

13.4

13.8

2.2

21.4

107.7

50.7

Northparkes

80%

6.5

7.3

7.8

8.1

8.0

27.4

31.2

Palabora

58%

11.6

10.6

10.4

10.9

11.1

47.6

43.0

Rio Tinto total mine production


203.3

165.3

167.9

159.7

185.2

804.7

678.1

Refined production ('000 tonnes)








Escondida

30%

24.0

18.9

23.1

23.5

24.6

98.2

90.0

Kennecott Utah Copper

100%

72.9

70.1

59.6

74.8

64.8

274.2

269.3

Palabora

58%

8.7

6.9

7.9

8.5

10.1

40.0

33.4

Rio Tinto total refined production


105.5

95.9

90.6

106.7

99.5

412.4

392.8

DIAMONDS









Production ('000 carats)









Argyle

100%

3,504

2,531

2,605

2,425

2,243

10,591

9,804

Diavik

60%

918

938

967

1,070

926

3,339

3,900

Murowa

78%

29

29

38

42

30

97

139

Rio Tinto total diamond production


4,451

3,497

3,610

3,536

3,199

14,026

13,843

GOLD









Mine production ('000 ounces) (e)









Barneys Canyon

100%

0

1

0

0

0

2

2

Bingham Canyon

100%

158

157

109

104

96

582

466

Escondida

30%

13

12

13

14

13

43

52

Grasberg - Joint Venture (k)

40%

187

38

26

53

67

429

183

Northparkes

80%

9

11

14

14

13

27

52

Rawhide (l)

0%

5

4

5

-

-

19

9

Others

-

1

2

2

2

2

8

7

Rio Tinto total mine production


374

225

169

187

191

1,111

772

Refined production ('000 ounces)








Kennecott Utah Copper

100%

147

174

146

164

112

479

596

 



 


Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

IRON ORE & IRON









Production ('000 tonnes) (e)









Hamersley - six wholly owned mines

100%

30,050

25,510

25,712

30,334

31,151

106,808

112,706

Hamersley - Channar

60%

1,517

2,006

1,534

1,312

1,757

6,625

6,610

Hamersley - Eastern Range

(m)

2,349

2,473

2,354

2,182

2,198

9,318

9,206

Hope Downs

50%

2,843

4,054

4,052

3,554

4,201

10,317

15,860

Iron Ore Company of Canada

59%

2,432

1,870

2,284

2,280

2,204

8,129

8,638

Robe River

53%

8,037

7,448

7,675

7,947

8,539

28,841

31,610

Rio Tinto total mine production


47,228

43,361

43,610

47,608

50,050

170,038

184,629

Pig iron production ('000 tonnes)









HIsmelt® (n)

60%

-

-

-

-

-

-

-

MOLYBDENUM









Mine production ('000 tonnes) (e)









Bingham Canyon

100%

3.4

3.2

2.8

2.7

4.2

11.3

12.9

SALT









Production ('000 tonnes)









Dampier Salt

68%

1,192

1,187

1,459

1,115

1,427

5,848

5,188

SILVER









Mine production ('000 ounces) (e)









Bingham Canyon

100%

1,187

1,146

870

845

893

4,871

3,754

Escondida

30%

492

471

436

469

465

1,627

1,842

Grasberg - Joint Venture (k)

40%

557

16

147

159

367

1,474

688

Others

-

138

151

181

121

124

596

577

Rio Tinto total mine production


2,375

1,784

1,634

1,595

1,849

8,569

6,862

Refined production ('000 ounces)









Kennecott Utah Copper

100%

1,148

1,320

1,112

1,207

1,094

4,050

4,732

TALC









Production ('000 tonnes)









Rio Tinto Minerals - talc

100%

222

240

264

259

237

888

1,000

TITANIUM DIOXIDE FEEDSTOCK









Production ('000 tonnes)









Rio Tinto Iron & Titanium

100%

325

329

355

335

373

1,147

1,392

 



 

 

Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year

 

interest

2009

2010

2010

2010

2010

2009

2010

URANIUM

 

 

 



 


 

Production ('000 lbs U3O8)

 








Energy Resources of Australia

68%

1,663

1,361

1,196

1,421

1,912

7,865

5,891

Rössing

69%

1,697

1,336

1,432

1,354

1,363

6,275

5,485

Rio Tinto total uranium production

 

3,360

2,697

2,628

2,776

3,276

14,140

11,377

Production data notes

 

(a)           Production of smelter grade alumina at Gardanne ceased at the end of 2008. Production continues from the Gardanne specialty alumina plant.

(b)           Rio Tinto sold its 100% interest in the Brockville specialty alumina plant with an effective date of 20 September 2010. Production data are shown up to that date.

(c)           The Beauharnois smelter ceased smelting operations in the second quarter of 2009.

(d)           The Anglesey smelter ceased smelting operations at the end of the third quarter of 2009.

(e)           Mine production figures for metals refer to the total quantity of metal produced in concentrates, leach liquor or doré bullion irrespective of whether these products are then refined onsite, except for the data for bauxite and iron ore which represent production of marketable quantities of ore plus pellets.

(f)            Rio Tinto Alcan had an 80% interest in the Awaso mine but purchased the additional 20% of production. Rio Tinto Alcan sold its interest in Ghana Bauxite Company, owner of the Awaso mine, with an effective date of 1 February 2010. Production data are shown up to that date.

(g)           Rio Tinto has a 22.95% shareholding in the Sangaredi mine but receives 45.0% of production under the partnership agreement.

(h)           Thermal coal and semi-soft coking coal were previously reported under 'Other Coal'.

(i)            Production commenced at Clermont in the second quarter of 2010.

(j)            As a result of the initial public offering of Cloud Peak Energy Inc. on 20 November 2009, Rio Tinto held a 48.3% interest in the Antelope, Cordero Rojo and Spring Creek mines and a 24.1% interest in the Decker mine. These interests were formerly reported under Rio Tinto Energy America but are now managed by Cloud Peak Energy.  Following a secondary public offering in December 2010, Rio Tinto completed the divestment of its entire interest in Cloud Peak Energy Inc. with an effective date of 15 December 2010.  Production data are shown up to that date.

(k)           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. Rio Tinto's share of production reflects actual production for the periods shown.

(l)            Rio Tinto sold its 100% interest in the Rawhide mine with an effective date of 25 June 2010.  Production data are shown up to that date.

(m)          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.

(n)           In March 2009, Rio Tinto announced that HIsmelt would be placed on an extended care and maintenance programme. In December 2010, the HIsmelt joint venture partners agreed to close the Kwinana site permanently and terminate the joint venture.

The Rio Tinto percentage interest shown above is at 31 December 2010.

 

Where Rio Tinto's beneficial interest in an operation has changed, as footnoted above, the share of production has been calculated using the weighted average interest over the relevant periods.  Rio Tinto's interests in the Ningxia aluminium smelter, Corumbá and Jacobs Ranch mines were sold in 2009. No data for these operations are included in the Share of Production table.   



Rio Tinto operational data

 


Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

ALUMINIUM









Rio Tinto Alcan









Bauxite Mines









Bauxite production ('000 tonnes)









Australia









Gove mine - Northern Territory

100.0%

1,996

1,849

1,799

1,771

1,771

7,185

7,190

Weipa mine - Queensland

100.0%

4,942

4,550

4,266

4,962

4,813

16,235

18,591

Brazil









Porto Trombetas (MRN) mine

12.0%

4,345

3,809

4,058

4,569

4,585

15,645

17,022

Ghana









Awaso mine (a)

80.0%

59

42

-

-

-

440

42

Guinea









Sangaredi mine (b)

23.0%

3,478

3,013

3,094

3,145

3,161

11,216

12,413

Rio Tinto Alcan share of bauxite shipments







Share of bauxite shipments ('000 tonnes)

9,140

7,671

8,458

8,513

8,648

31,571

33,290

(a)           Rio Tinto Alcan had an 80% interest in the Awaso mine but purchased the additional 20% of production. Rio Tinto Alcan sold its interest in Ghana Bauxite Company, owner of the Awaso mine, with an effective date of 1 February 2010. Production data are shown up to that date.

(b)           Rio Tinto has a 22.95% shareholding in the Sangaredi mine but receives 45.0% of production under the partnership agreement.

(c)           Bauxite shipments include ore used internally by the refinery at Gove.


Smelter-Grade Alumina Refineries






642



Alumina production ('000 tonnes)









Australia









Gove refinery - Northern Territory

100%

656

595

615

642

621

2,519

2,473

Queensland Alumina Refinery - Queensland

80%

1,017

953

987

956

925

3,959

3,821

Yarwun refinery - Queensland

100%

341

336

318

364

359

1,347

1,377

Brazil









São Luis (Alumar) refinery

10%

532

588

507

676

737

1,657

2,507

Canada









Jonquière (Vaudreuil) refinery - Quebec (a)

100%

288

316

309

340

335

1,125

1,301

France









Gardanne refinery  (b)

100%

-

-

-

-

-

-

-

(a)           Jonquière's production shows smelter grade alumina only and excludes hydrate produced and used for Specialty Alumina.

(b)           Production of smelter grade alumina at Gardanne ceased at the end of 2008.  Production continues from the Gardanne specialty alumina plant.

Rio Tinto percentage interest shown above is at 31 December 2010. The data represent full production and sales on a 100% basis unless otherwise stated.



 


Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

ALUMINIUM (continued)









Specialty Alumina Plants









Specialty alumina production ('000 tonnes)








Canada









Brockville plant - Ontario (a)

0.0%

4

4

5

4

-

16

13

Jonquière (Vaudreuil) plant - Quebec

100.0%

26

24

29

31

26

109

110

France









Beyrède

100.0%

6

4

5

4

5

15

19

Gardanne plant 

100.0%

83

99

105

114

119

317

437

La Bâthie plant  

100.0%

5

7

6

7

6

16

25

Germany









Teutschenthal plant

100.0%

5

5

7

7

7

19

26

Aluminium Smelters









Primary aluminium production ('000 tonnes)








Australia









Bell Bay smelter - Tasmania

100.0%

44

43

44

45

45

177

177

Boyne Island smelter - Queensland

59.4%

141

137

140

141

140

556

558

Tomago smelter - New South Wales

51.6%

133

129

131

134

134

528

528

Cameroon









Alucam (Edéa) smelter

46.7%

22

17

14

21

23

73

76

Canada









Alma smelter - Quebec

100.0%

110

107

107

109

110

435

434

Alouette (Sept-Îles) smelter - Quebec

40.0%

145

141

142

141

145

573

569

Arvida smelter - Quebec

100.0%

44

43

43

44

44

171

174

Beauharnois smelter - Quebec (b)

100.0%

-

-

-

-

-

11

-

Bécancour smelter - Quebec

25.1%

109

103

106

104

103

420

417

Grande-Baie smelter - Quebec

100.0%

54

54

54

55

55

215

218

Kitimat smelter - British Columbia

100.0%

52

50

50

44

40

224

184

Laterrière smelter - Quebec

100.0%

59

58

59

38

58

235

212

Shawinigan smelter - Quebec

100.0%

25

25

26

25

24

99

100

China









Ningxia (Qingtongxia) smelter (c)

0.0%

-

-

-

-

-

10

-

France









Dunkerque smelter

100.0%

66

64

64

65

67

244

260

Saint-Jean-de-Maurienne smelter

100.0%

24

24

24

24

24

101

96

 

Rio Tinto percentage interest shown above is at 31 December 2010. The data represent full production and sales on a 100% basis unless otherwise stated.

 



 


Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

ALUMINIUM (continued)









Iceland









ISAL (Reykjavik) smelter

100.0%

48

47

47

48

48

190

190

New Zealand









Tiwai Point smelter

79.4%

81

82

85

88

88

271

344

Norway









SORAL (Husnes) smelter

50.0%

22

22

22

22

22

98

88

Oman









Sohar smelter

20.0%

93

89

91

93

94

351

367

United Kingdom









Anglesey Aluminium smelter (d)

51.0%

-

-

-

-

-

106

-

Lochaber smelter

100.0%

10

10

10

11

11

38

41

Lynemouth smelter

100.0%

30

31

36

38

39

109

145

United States









Sebree smelter - Kentucky

100.0%

49

48

49

48

50

193

196

Rio Tinto Alcan share of metal sales









Share of primary aluminium sales

('000 tonnes) (e)


1,254

1,232

1,293

1,249

1,285

4,909

5,060

 

(a)           Rio Tinto sold its 100% interest in the Brockville specialty alumina plant with an effective date of 20 September 2010.

(b)           The Beauharnois smelter ceased smelting operations in the second quarter of 2009.

(c)           Rio Tinto sold its 50% interest in the Ningxia aluminium smelter with an effective date of 26 January 2009

(d)           The Anglesey smelter ceased smelting operations at the end of the third quarter of 2009.

(e)           Primary aluminium sales include sales made through Rio Tinto Alcan's Engineered Products division.

 

 

BORATES









Rio Tinto Minerals - borates

100.0%








California, US and Argentina









Borates ('000 tonnes) (a)


109

111

136

141

113

424

500

 

(a)           Production is expressed as B2O3 content.

 

 

Rio Tinto percentage interest shown above is at 31 December 2010. The data represent full production and sales on a 100% basis unless otherwise stated.



 


Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

COAL









Rio Tinto Coal Australia









Bengalla mine

30.3%








New South Wales, Australia









Thermal coal production ('000 tonnes)


1,434

1,228

1,478

1,112

1,660

5,466

5,477

Blair Athol Coal mine

71.2%








Queensland, Australia









Thermal coal production ('000 tonnes)


2,609

2,141

2,202

1,769

691

11,325

6,803

Clermont Coal mine (a)

50.1%








Queensland, Australia









Thermal coal production ('000 tonnes)


-

-

529

1,117

2,124

-

3,770

Hail Creek Coal mine

82.0%








Queensland, Australia









Hard coking coal production ('000 tonnes)

1,845

1,227

1,790

2,084

2,082

6,308

7,183

Hunter Valley Operations

75.7%








New South Wales, Australia









Semi-soft coking coal production ('000 tonnes)

644

690

854

340

586

2,626

2,469

Thermal coal production ('000 tonnes)


2,400

1,892

1,736

2,213

2,601

8,606

8,442

Kestrel Coal mine (b)

80.0%








Queensland, Australia









Hard coking coal production ('000 tonnes)

758

1,065

1,159

907

714

2,868

3,846

Thermal coal production ('000 tonnes)


204

179

228

176

130

849

713

Mount Thorley Operations

60.6%








New South Wales, Australia









Semi-soft coking coal production ('000 tonnes)

818

306

552

316

286

1,112

1,460

Thermal coal production ('000 tonnes)


357

188

271

302

757

2,230

1,518

 

 

Rio Tinto percentage interest shown above is at 31 December 2010. The data represent full production and sales on a 100% basis unless otherwise stated.



 


Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

COAL (continued)









Warkworth mine

42.1%








New South Wales, Australia









Semi-soft coking coal production ('000 tonnes)

34

236

54

46

428

530

764

Thermal coal production ('000 tonnes)


1,272

1,117

1,388

1,279

1,337

4,632

5,120










Total hard coking coal production ('000 tonnes)

2,603

2,292

2,949

2,991

2,796

9,176

11,029

Total semi-soft coking coal production ('000 tonnes)

1,496

1,233

1,460

701

1,299

4,269

4,693

Total thermal coal production ('000 tonnes)

8,276

6,744

7,832

7,968

9,300

33,108

31,844

Total coal production ('000 tonnes)

12,375

10,269

12,241

11,660

13,396

46,554

47,566










Total coal sales ('000 tonnes)

12,992

9,108

11,801

12,611

13,671

46,844

47,191









Rio Tinto Coal Australia share








Share of hard coking coal sales ('000 tonnes) (b)

2,246

1,519

2,526

2,459

2,996

8,337

9,500

Share of other coal sales ('000 tonnes) (c) (d)

6,205

4,377

5,267

5,588

5,587

22,505

20,818

 

(a)        Production commenced at Clermont in the second quarter of 2010.

(b)       Kestrel produces hard-coking coal and thermal coal through its mining operations. These coals may be blended at ports; blended coal sales are included in hard-coking coal sales.

(c)        Other coal sales include thermal coal and semi-soft 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 December 2010. The data represent full production and sales on a 100% basis unless otherwise stated.



 


Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

COAL (continued)









US Coal









Antelope mine (a)

0.0%








Wyoming, US









Thermal coal production ('000 tonnes)


7,732

7,682

8,095

8,602

6,777

30,865

31,156

Colowyo mine

100.0%








Colorado, US









Thermal coal production ('000 tonnes)


717

582

506

684

599

3,214

2,371

Cordero Rojo mine (a)

0.0%








Wyoming, US









Thermal coal production ('000 tonnes)


9,616

8,091

9,094

9,389

6,945

35,687

33,518

Decker mine (a)

0.0%








Montana, US









Thermal coal production ('000 tonnes)


901

429

745

709

639

4,161

2,521

Jacobs Ranch mine (b)

0.0%








Wyoming, US









Thermal coal production ('000 tonnes)


-

-

-

-

-

26,537

-

Spring Creek mine (a)

0.0%








Montana, US









Thermal coal production ('000 tonnes)


3,478

3,674

4,477

4,768

3,806

16,035

16,726










Total coal production ('000 tonnes)


22,444

20,458

22,916

24,151

18,767

116,499

86,292

Total coal sales ('000 tonnes)


22,467

22,417

23,042

24,043

18,564

116,947

88,066

 

(a)           As a result of the initial public offering of Cloud Peak Energy Inc. on 20 November 2009, Rio Tinto held a 48.3% interest in the Antelope, Cordero Rojo and Spring Creek mines and a 24.1% interest in the Decker mine. These interests were formerly reported under Rio Tinto Energy America but are now managed by Cloud Peak Energy.  Following a secondary public offering in December 2010, Rio Tinto completed the divestment of its entire interest in Cloud Peak Energy Inc. with an effective date of 15 December 2010.  Production data are shown up to that date.

 (b)          Rio Tinto sold its 100% interest in the Jacobs Ranch mine with an effective date of 1 October 2009. Production data are shown up to that date.

 

 

Rio Tinto percentage interest shown above is at 31 December 2010. The data represent full production and sales on a 100% basis unless otherwise stated.



 


Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

COPPER & GOLD









Escondida

30.0%








Chile









Sulphide ore to concentrator ('000 tonnes)

20,246

17,697

17,711

19,697

18,789

77,749

73,894

Average copper grade (%)


1.38

1.29

1.40

1.24

1.26

1.22

1.29

Mill production (metals in concentrates):









Contained copper ('000 tonnes)


233.0

189.2

205.3

197.7

194.6

777.4

786.8

Contained gold ('000 ounces)


42

40

42

48

45

144

174

Contained silver ('000 ounces)


1,641

1,571

1,454

1,565

1,551

5,424

6,140

Recoverable copper in ore stacked for leaching
('000 tonnes) (a)

53

53

65

47

60

284

224

Refined production from leach plants:








Copper cathode production ('000 tonnes)

80

63

77

78

82

327

300

 

(a)         With effect from the first quarter of 2010, the calculation of copper in material mined for leaching is based on ore stacked at the leach pad.

 









0.0% (40% of the expansion)














21,786

21,057

20,330

21,062

20,673

86,973

83,122










0.82

0.78

0.81

0.92

0.82

0.98

0.83


1.23

0.87

0.63

0.92

1.25

1.30

0.92


3.03

2.96

2.53

2.75

2.90

3.49

2.79










161.3

144.6

143.7

170.1

150.1

771.5

608.4


740

481

329

528

682

3,076

2,020


1,652

1,580

1,258

1,552

1,107

7,888

5,496

Sales of payable metals in concentrates: (b)









152.4

148.4

130.2

167.7

142.8

737.8

589.1


707

499

300

517

644

2,953

1,960


1,248

1,288

910

1,216

844

6,008

4,258

 

(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. The 4Q 2010 results are not actuals but are forecasts from FCX's most recent five-year plan and the full year 2010 results include the nine month 2010 actuals and 4Q 2010 forecasts. FCX is not releasing its actual 100% operating data for 4Q 2010 until the release of its 2010 fourth quarter and full year results on 20 January 2011.

(b)           Net of smelter deductions.

Rio Tinto percentage interest shown above is at 31 December 2010. The data represent full production and sales on a 100% basis unless otherwise stated.



 


Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

COPPER & GOLD (continued)









Kennecott Minerals Company









Rawhide mine (a) (b)

0%








Nevada, US









Metals produced in doré:









Gold ('000 ounces)


5

4

5

-

-

19

9

Silver ('000 ounces)


58

52

62

-

-

210

114

(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.

(b)   Rio Tinto sold its 100% interest in the Rawhide mine with an effective date of 25 June 2010.  Production data are shown up to that date

 

Kennecott Utah Copper









Barneys Canyon mine (a)

100.0%








Utah, US









Gold produced ('000 ounces)


0.4

0.8

0.4

0.4

0.4

2.3

2.0

Bingham Canyon mine

100.0%








Utah, US









Ore treated ('000 tonnes)


12,946

13,303

13,269

13,396

13,582

52,856

53,551

Average ore grade:









Copper (%)


0.57

0.52

0.48

0.55

0.57

0.64

0.53

Gold (g/t)


0.53

0.51

0.36

0.35

0.31

0.48

0.38

Silver (g/t)


3.45

3.28

2.56

2.75

2.70

3.54

2.82

Molybdenum (%)


0.044

0.042

0.039

0.043

0.054

0.038

0.045

Copper concentrates produced ('000 tonnes)

223

224

223

258

263

1,028

968

Average concentrate grade (% Cu)

29.9

27.2

24.6

25.1

26.0

29.4

25.7

Production of metals in copper concentrates:








Copper ('000 tonnes) (b)


66.8

61.3

54.8

65.2

68.5

303.5

249.8

Gold ('000 ounces)


158

157

109

104

96

582

466

Silver ('000 ounces)


1,187

1,146

870

845

893

4,871

3,754

Molybdenum concentrates produced ('000 tonnes):

6.5

6.2

5.4

5.2

7.9

21.6

24.7

Molybdenum in concentrates ('000 tonnes)

3.4

3.2

2.8

2.7

4.2

11.3

12.9

(a)           Mining operations ceased in the first quarter of 2002. Gold continues to be recovered from leach pads.

(b)           Includes a small amount of copper in precipitates.

 

Rio Tinto percentage interest shown above is at 31 December 2010. The data represent full production and sales on a 100% basis unless otherwise stated.


Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

COPPER & GOLD (continued)









Kennecott smelter & refinery

100.0%








Copper concentrates smelted ('000 tonnes)


288

232

212

288

293

1,175

1,025

Copper anodes produced ('000 tonnes) (a)


79.7

72.3

53.5

81.0

64.4

287.1

271.4

Production of refined metal:









Copper ('000 tonnes)


72.9

70.1

59.6

74.8

64.8

274.2

269.3

Gold  ('000 ounces) (b)


147

174

146

164

112

479

596

Silver ('000 ounces) (b)


1,148

1,320

1,112

1,207

1,094

4,050

4,732

 

 

(a)           New metal excluding recycled material

(b)           Includes gold and silver in intermediate products.

 

Northparkes Joint Venture

80.0%








New South Wales, Australia









Ore treated ('000 tonnes)

1,344

1,364

1,304

1,282

1,298

5,554

5,248

Average ore grades:








Copper (%)


0.70

0.76

0.82

0.86

0.84

0.70

0.82

Gold (g/t)


0.33

0.44

0.57

0.55

0.50

0.27

0.51

Copper concentrates produced ('000 tonnes)

23.7

25.9

29.7

30.2

30.2

98.5

116.1

Contained copper in concentrates:








Saleable production ('000 tonnes)


8.1

9.1

9.8

10.1

10.0

34.3

39.0

Sales ('000 tonnes) (a)


9.7

7.5

7.5

10.5

14.1

26.9

39.7

Contained gold in concentrates:








Saleable production ('000 ounces)


11.0

14.0

17.9

17.3

16.1

34.3

65.3

Sales ('000 ounces) (a)


9.8

11.8

15.1

19.4

23.5

24.2

69.8

(a)           Rio Tinto's 80% share of material from the Joint Venture.

 

Rio Tinto percentage interest shown above is at 31 December 2010. The data represent full production and sales on a 100% basis unless otherwise stated.

 

 



 


Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

COPPER & GOLD (continued)









Palabora

57.7%








Palabora mine









South Africa









Ore treated ('000 tonnes)

2,809

2,783

2,861

2,887

3,126

11,330

11,657

Average ore grade: copper (%)

0.67

0.66

0.64

0.64

0.63

0.67

0.64

Copper concentrates produced ('000 tonnes)

65.8

61.8

57.9

61.1

65.2

270.8

246.0

Average concentrate grade: copper (%)

30.5

29.8

31.1

31.0

29.5

30.5

30.3

Copper in concentrates ('000 tonnes)

20.1

18.4

18.0

18.9

19.3

82.6

74.6

Palabora smelter/refinery









New concentrate smelted on site ('000 tonnes)

67.3

57.7

59.6

61.4

62.1

266.6

240.8

New copper anodes produced ('000 tonnes)

14.3

12.4

14.6

14.3

14.4

65.9

55.7

Refined new copper produced ('000 tonnes)

15.1

12.0

13.8

14.7

17.5

69.4

58.0

By-products:









Magnetite concentrate ('000 tonnes)

697

754

780

764

695

2,845

2,993

Nickel contained in products (tonnes)

11

18

15

15

24

95

72

Vermiculite plant









Vermiculite produced ('000 tonnes)

50

54

46

51

45

196

196

 

 

DIAMONDS









Argyle Diamonds

100.0%








Western Australia









AK1 ore processed ('000 tonnes)


1,972

1,726

2,009

1,790

1,749

4,634

7,274

AK1 diamonds produced ('000 carats)


3,504

2,531

2,605

2,425

2,243

10,591

9,804

Diavik Diamonds

60.0%








Northwest Territories, Canada









Ore processed ('000 tonnes)


364

388

522

626

555

1,359

2,091

Diamonds recovered ('000 carats)


1,530

1,563

1,612

1,783

1,543

5,565

6,500

Murowa Diamonds

77.8%








Zimbabwe









Ore processed ('000 tonnes)


66

88

109

100

87

267

384

Diamonds recovered ('000 carats)


37

37

49

53

39

124

178

 

Rio Tinto percentage interest shown above is at 31 December 2010. The data represent full production and sales on a 100% basis unless otherwise stated.

 



 


Rio Tinto

1Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

IRON ORE & IRON









Rio Tinto Iron Ore









Pilbara Operations









Western Australia









Saleable iron ore production ('000 tonnes):









Hamersley - Paraburdoo, Mount Tom

Price, Marandoo, Yandicoogina,

Brockman and Nammuldi

100.0%

30,050

25,510

25,712

30,334

31,151

106,808

112,706

Hamersley - Channar

60.0%

2,528

3,344

2,557

2,186

2,929

11,041

11,016

Hamersley - Eastern Range

(a)

2,349

2,473

2,354

2,182

2,198

9,318

9,206

Hope Downs

50.0%

5,687

8,108

8,104

7,108

8,401

20,634

31,720

Robe River - Pannawonica

(Mesas J and A) (b)

53.0%

6,801

6,971

7,726

8,010

8,571

25,178

31,277

Robe River - West Angelas

53.0%

8,362

7,083

6,755

6,985

7,541

29,239

28,363

Total production ('000 tonnes)


55,778

53,488

53,207

56,804

60,790

202,218

224,289

Total sales ('000 tonnes) (c)


56,350

52,896

55,697

55,891

58,216

203,895

222,700

(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)           Production at the Mesa A mine commenced in the first quarter of 2010.

(c)           Sales represent iron ore exported from Western Australian ports.

Iron Ore Company of Canada

58.7%








Newfoundland & Labrador and Quebec in Canada








Saleable iron ore production:









Concentrates ('000 tonnes)


1,034

261

959

702

876

5,724

2,798

Pellets ('000 tonnes)


3,107

2,923

2,930

3,181

2,878

8,120

11,912

Sales:









Concentrate ('000 tonnes)


1,317

314

1,455

972

821

5,235

3,562

Pellets ('000 tonnes)


3,307

2,676

2,996

2,406

3,974

9,010

12,052

Rio Tinto Brasil









Corumbá mine (a)

0.0%








Mato Grosso do Sul, Brazil









Saleable iron ore production ('000 tonnes)

-

-

-

-

-

1,509

-

Sales ('000 tonnes)


-

-

-

-

-

530

-

(a)           Rio Tinto sold its 100% interest in the Corumbá mine with an effective date of 18 September 2009. Production data are shown up to that date.

HIsmelt®

60.0%








Western Australia









Pig iron production ('000 tonnes) (a)


-

-

-

-

-

-

-

(a)        In March 2009, Rio Tinto announced that HIsmelt would be placed on an extended care and maintenance programme. In December 2010, the HIsmelt joint venture partners agreed to close the Kwinana site permanently and terminate the joint venture.

Rio Tinto percentage interest shown above is at 31 December 2010. The data represent full production and sales on a 100% basis unless otherwise stated.

 

 


Rio Tinto

4Q

1Q

2Q

3Q

4Q

Full Year

Full Year


interest

2009

2010

2010

2010

2010

2009

2010

SALT









Dampier Salt

68.4%








Western Australia









Salt production ('000 tonnes)


1,744

1,737

2,134

1,630

2,088

8,555

7,589

TALC









Rio Tinto Minerals - talc

100.0%








Australia, Europe, and North America









Talc production ('000 tonnes)


222

240

264

259

237

888

1,000

TITANIUM DIOXIDE FEEDSTOCK









Rio Tinto Iron & Titanium

100.0%








Canada and South Africa (a) (b)









(Rio Tinto share)









Titanium dioxide

feedstock production ('000 tonnes)


325

329

355

335

373

1,147

1,392

(a)           Quantities comprise 100% of Rio Tinto Fer et Titane and 50% of Richards Bay Minerals production until late 2009 when RBM concluded a Broad Based Black Economic Empowerment transaction. Rio Tinto Iron & Titanium's share of RBM production reflects a decrease from 50% to 37% with effect from 9 December 2009.

(b)           Ilmenite mined in Madagascar is being processed in Canada with effect from June 2009.

 

URANIUM









Energy Resources of Australia Ltd









Ranger mine

68.4%








Northern Territory, Australia









Production ('000 lbs U3O8)


2,432

1,991

1,749

2,078

2,796

11,500

8,614

Rössing Uranium Ltd

68.6%








Namibia









Production ('000 lbs U3O8)


2,475

1,948

2,088

1,974

1,988

9,150

7,999

 

 

 

Rio Tinto percentage interest shown above is at 31 December 2010. 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
 
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