Q1 Production Report-Part 2

Rio Tinto PLC 24 April 2001 PART 2 OPERATIONAL DATA FULL 1Q 2Q 3Q 4Q 1Q YEAR 2000 2000 2000 2000 2001 2000 ALUMINIUM Anglesey Aluminium Total production at Anglesey Aluminium (Rio Tinto 51%) in the UK. (100% basis) Aluminium hot metal production ('000 tonnes) 35.0 35.3 35.3 38.2 35.3 143.8 Comalco Total production at Comalco (a) operations; Weipa (Rio Tinto 100%) in Australia; Boke (Rio Tinto 4%) in Guinea; Eurallumina (Rio Tinto 56.2%) in Italy; Queensland Alumina (Rio Tinto 30.3%) 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) 2,777 3,008 2,990 2,992 2,913 11,767 Metal grade bauxite shipments ('000 tonnes) 2,729 2,766 3,058 2,965 2,841 11,518 Calcined bauxite Production ('000 tonnes) 33 36 31 29 33 129 Boke mine Bauxite production ('000 tonnes) 3,814 3,792 2,447 2,624 3,136 12,677 Eurallumina SpA, Sardinia Alumina production ('000 tonnes) 253 249 260 260 244 1,022 Queensland Alumina Limited, Queensland Alumina production ('000 tonnes) 900 969 937 956 847 3,762 Bell Bay, Tasmania Primary aluminium production ('000 tonnes) 37.1 38.8 40.6 40.9 39.3 157.4 Boyne Island, Queensland Primary aluminium production ('000 tonnes) 127.7 125.0 126.1 126.3 122.5 505.1 Tiwai Point Primary aluminium production ('000 tonnes) 82.2 81.4 82.7 82.2 81.0 328.4 Sales of aluminium attributable to Comalco ('000 tonnes) 169.6 182.5 157.7 191.2 155.1 701.0 (a) During the first half of 2000, Rio Tinto offered to acquire all the shares in Comalco and now owns 100%. In the first quarter of 2001, bauxite production was impacted by high rainfall. Alumina production decreased due to scheduled maintenance at both refineries, including a major maintenance shutdown at Queensland Alumina in March. First quarter 2001 aluminium production at the Boyne Island smelter was adversely affected by a high rate of cell reconstructions on lines 1 and 2. Aluminium sales for the quarter were reduced, largely due to the timing of the recognition of sales to the US. Comalco products have been marketed in the US through Metal Exchange Corporation since the start of 2001. There is approximately a two month delay between shipment of metal from Australasia and invoicing to customers. BORATES Rio Tinto Borax Total production at the Boron mine (Rio Tinto 100%) in California, US and at the Tincalayu, Sijes and Porvenir mines (Rio Tinto 100%) in Argentina. (100% basis) Borates ('000 tonnes) (a) 145 135 161 149 148 590 (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 32% (a)), 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 - Hunter Valley Operations (c) Thermal coal production ('000 tonnes) 1,226 1,554 1,437 1,545 1,500 5,762 Semi-soft coking coal Production ('000 tonnes) 771 898 598 556 1,248 2,823 Mount Thorley Operations Thermal coal: production ('000 tonnes) 435 423 650 656 497 2,164 Semi-soft coking coal Production ('000 tonnes) 615 482 540 588 397 2,225 Moura mine (b) Thermal coal production ('000 tonnes) - - - - 370 - Semi-soft coking coal production ('000 tonnes) - - - - 492 - Coking coal production ('000 tonnes) - - - - 174 - Narama mine (b) Thermal coal production ('000 tonnes) - - - - 399 - Ravensworth East Mine (b) Thermal coal production ('000 tonnes) - - - - 177 - Wankworth mine (b) Thermal coal production ('000 tonnes) - - - - 979 - Semi-soft coking coal production ('000 tonnes) - - - - 172 - Total Coal & Allied Total coal production ('000 tonnes) 3,047 3,357 3,225 3,345 7,349 12,974 Total sales ('000 tonnes) (d) 2,893 3,616 3,654 2,989 7,694 13,152 (a) During March 2001, Rio Tinto increased its stake in Coal & Allied from 70.88% to 72.71%. Rio Tinto mine ownership figures stated above are as at 31 March 2001. (b) Coal & Allied purchased the Australian subsidiaries of the Peabody Group effective 30 January 2001. (c) Hunter Valley Operations consist of the merged Howick and Hunter Valley mines, plus the Lemington mine acquired with effect from 20 December 2000. (d) Sales relate only to coal mined by the operations and exclude traded coal. Total coal production for Hunter Valley Operations increased in the first quarter of 2001 compared with the fourth quarter of 2000 due to the Lemington mine being included for the entire quarter. Coal production at Mount Thorley Operations in the first quarter of 2001 decreased compared with the fourth quarter of 2000 due to increasing strip ratios as the mining area moves west and to decreased plant availability during March 2001. All mining operations in the Hunter Valley were significantly affected by wet weather during the first quarter of 2001. 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 (e) on page 6). (100% basis) Thermal Coal: Production ('000 tonnes) 2,292 3,319 3,027 4,497 3,238 13,135 Shipments ('000 tonnes) 2,562 3,287 2,178 5,227 3,309 13,254 Production was hampered in the first quarter of 2001 by significantly above average rainfall, by a strike at a major shovel contract maintenance company, which involved an illegal blockade of its workshop facilities, and by a blockade of several key mining areas by local land claimants. 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 (f) on page 6). (100% basis) Antelope mine Thermal coal production ('000 tonnes) 5,076 5,035 5,486 5,240 5,426 20,837 Colowyo mine Thermal coal production ('000 tonnes) 1,168 1,225 1,268 1,030 1,276 4,691 Cordero Rojo mine Thermal coal production ('000 tonnes) 8,899 7,204 9,018 9,917 9,702 35,038 Decker mine Thermal coal production ('000 tonnes) 2,112 2,296 2,439 2,210 2,310 9,057 Jacobs Ranch mine Thermal coal production ('000 tonnes) 5,726 5,965 7,352 6,635 7,003 25,678 Spring Creek mine Thermal coal production ('000 tonnes) 2,650 2,668 2,397 2,538 1,845 10,253 Total Kennecott Energy Total coal production ('000 tonnes) 25,631 24,393 27,960 27,570 27,562 105,554 First quarter 2001 production was 7.5% higher than for the same period in 2000. High demand for 2001 coal deliveries is the catalyst that has caused spot market prices to reach record levels for the relatively short supply of available Powder River Basin coal. COAL (Continued) Full 1Q 2Q 3Q 4Q 1Q Year 2000 2000 2000 2000 2001 2000 Pacific Coal Total production and sales from the Blair Athol mine (Rio Tinto 71.2% (a)), the Kestrel Coal mine (Rio Tinto 80% (b)) and the Tarong Coal mine (Rio Tinto 100%) in Queensland, Australia. (100% basis) Blair Athol Coal mine Thermal coal: Production ('000 tonnes) 2,432 2,594 2,635 3,378 3,032 11,040 Sales ('000 tonnes) 2,324 2,957 2,639 3,045 2,926 10,964 Kestrel Coal mine Thermal coal: Production ('000 tonnes) 220 307 320 283 224 1,130 Sales ('000 tonnes) 127 158 253 146 212 685 Coking coal: Production ('000 tonnes) 435 590 665 476 409 2,167 Sales ('000 tonnes) 506 418 733 494 314 2,151 Semi-hard coking coal: (a) Sales ('000 tonnes) 265 152 232 192 162 840 Tarong Coal mine Thermal coal: Production ('000 tonnes) 1,256 1,049 1,268 1,470 1,316 5,043 Sales ('000 tonnes) 1,256 1,049 1,268 1,470 1,362 5,043 Total Pacific Coal Total coal production ('000 tonnes) 4,343 4,540 4,888 5,607 4,981 19,379 (a) Semi-hard coking coal is a mixture of thermal coal and coking coal. The product mix is customer dependent. Blair Athol production remained strong in the first quarter of 2001. Mining progressed through old underground workings with minimal disruption to production. This same area of the mine restricted production in 2000. Kestrel production in the first quarter of 2001 was affected by poor mining conditions in early January and reliability issues with longwall equipment. Tarong production was lower in the first quarter of 2001 compared with the fourth quarter of 2000 due to reduced requirements by Tarong Energy Corporation. COPPER & GOLD Alumbrera Total production and sales at the Bajo de la Alumbrera mine (25% Rio Tinto(a)) in Argentina. (100% basis) Ore treated ('000 tonnes) - - 3,736 7,102 7,041 10,839 Average ore grades: Copper (%) - - 0.59 0.64 0.71 0.62 Gold (g/t) - - 0.9 0.7 0.8 0.8 Concentrate produced ('000 tonnes) - - 72.1 148.1 160.4 220.3 Copper in concentrates: Production ('000 tonnes) - - 20.0 41.1 44.7 61.1 Sales ('000 tonnes) - - 17.5 33.4 37.9 50.9 Production of gold in concentrates ('000 ounces) - - 71 125 127 196 Production of gold in dore ('000 ounces) - - 4 8 7 12 Total gold sales ('000 ounces) - - 66 115 134 180 (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) 11,484 11,528 12,358 11,535 11,128 46,905 Average copper grade (%) 1.99 1.83 1.85 1.94 1.95 1.90 Mill production (metals in concentrates): Contained copper ('000 tonnes) 203.8 184.6 197.4 190.7 177.1 776.4 Contained gold ('000 ounces) 32 28 38 31 24 129 Contained silver ('000 ounces) 771 883 859 769 849 3,282 Oxide ore treated ('000 tonnes) 1,796 2,813 3,740 4,223 3,360 12,572 Average copper grade (%) 1.08 0.99 1.04 1.16 1.09 1.08 Contained copper in leachate/mined material ('000 tonnes) 19 28 39 49 37 135 Refined production: Oxide plant production ('000 tonnes) 34.9 35.0 34.7 35.6 36.5 140.3 Sulphide ore tonnage treated in the first quarter was comparable with the corresponding period of 2000. However, contained copper declined with a slight decrease in ore grade and lower recovery due to mineralogy and ore characteristics. Oxide plant production remained consistent at an annualised rate of 145,000 tonnes. 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) 21,073 19,885 20,377 20,468 20,665 81,803 Average mill head grades: Copper (%) 0.94 0.94 1.09 1.33 1.13 1.07 Gold (g/t) 0.99 0.86 0.89 1.64 1.68 1.10 Silver (g/t) 2.83 2.72 2.62 3.70 3.45 2.97 Production of metals in concentrates: Copper in concentrates ('000 tonnes) 169.6 158.2 195.2 246.3 204.4 769.3 Gold in concentrates ('000 ounces) 574 457 485 920 975 2,436 Silver in concentrates ('000 ounces) 1,082 992 1,210 1,701 1,570 4,985 Sales of payable metals in concentrates: (b) Copper in concentrates ('000 tonnes) 162.4 136.2 202.1 244.8 174.6 745.5 Gold in concentrates ('000 ounces) 551 408 517 911 833 2,387 Silver in concentrates ('000 ounces) 824 684 993 1,347 1,078 3,848 (a) See note (h) 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 first quarter of 2001, production and sales of copper in concentrates decreased compared with the fourth quarter of 2000 because of lower ore grades. Production and sales of copper and gold in concentrates in the first quarter of 2001 increased significantly compared with the corresponding period of 2000 because of higher ore grades. Atlantic Copper smelter Concentrate smelted ('000 tonnes) 244.7 238.5 245.2 187.9 205.5 916.3 Copper anodes produced ('000 tonnes) (c) 80.9 76.1 74.5 58.4 65.3 289.9 Copper cathodes produced ('000 tonnes) 65.2 65.6 66.8 60.0 60.8 257.6 Copper cathode sales ('000 tonnes) (d) 62.2 66.7 65.0 61.2 61.5 255.1 (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) 1,435 1,044 1,910 1,823 1,710 6,212 Average ore grades: Gold (g/t) 2.43 2.53 2.39 2.33 2.60 2.41 Silver (g/t) 7.96 6.74 6.41 6.76 5.93 6.93 Production: Gold ('000 ounces) 76 61 103 98 105 338 Silver ('000 ounces) 86 55 90 95 86 326 Sales: Gold ('000 ounces) 77 53 102 84 112 316 Silver ('000 ounces) 80 - 100 99 122 279 Crusher number 1 failed during the quarter and was not available for six weeks. Impact on gold production was minimised as higher grade ore was encountered. Sales in this quarter were higher following sales of stock accumulated during the previous quarter. 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; Rawhide (Rio Tinto 51%) in Nevada and Ridgeway (Rio Tinto 100%) in South Carolina. (100% basis) Cortez/Pipeline mine Ore treated Milled ('000 tonnes) 861 772 837 867 744 3,337 Leached ('000 tonnes) 718 1,458 2,625 2,584 2,186 7,385 Sold for roasting ('000 tonnes) 13 - 26 102 77 141 Average ore grade: Gold Milled (g/t) 12.19 9.54 6.52 8.58 9.43 9.22 Leached (g/t) 0.72 0.62 0.90 1.43 1.23 1.01 Sold for roasting (g/t) 15.10 - 19.75 17.14 16.42 17.43 Gold produced ('000 ounces) 312 214 189 295 295 1,010 Ore treatment rates varied according to the areas being mined and the ore type. Mining grades of milled ore increased in the first quarter of 2001 as mining progressed into phase 3 of the mine plan. Roast ore sales were lower during the first quarter of 2001 as tests were undertaken at the plant which processes this material. Greens Creek mine Ore treated ('000 tonnes) 136 143 145 139 147 563 Average ore grades: Gold (g/t) 7.44 6.97 7.00 7.10 7.23 7.13 Silver (g/t) 747 723 597 687 899 688 Zinc (%) 13.4 13.7 14.1 13.1 12.4 13.6 Lead (%) 5.3 5.2 5.3 5.3 5.1 5.3 Metals produced in concentrates: Gold ('000 ounces) 22 21 19 21 23 83 Silver ('000 ounces) 2,500 2,531 1,977 2,229 3,252 9,237 Zinc ('000 tonnes) 14.1 16.0 16.2 14.4 14.2 60.7 Lead ('000 tonnes) 5.0 5.1 5.2 4.9 5.1 20.2 Mill throughput continued to increase through optimisation and efficiency improvements, along with better mine production. Metal grades varied with the mining sequence. Rawhide mine Ore treated ('000 tonnes) 1,488 1,529 1,477 1,435 1,362 5,929 Average ore grades: Gold (g/t) 0.99 0.93 0.75 0.87 0.93 0.89 Silver (g/t) 13.6 16.0 9.2 11.0 13.8 12.5 Metals produced in dore: Gold ('000 ounces) 27 27 27 23 25 104 Silver ('000 ounces) 235 206 215 158 177 814 Mill throughput rates varied due to changing ore hardness, maintenance requirements and haulage distance. Ore grades for both gold and silver fluctuated as a result of mining sequence. Gold and silver production reflected delays in recovery from the leach pads due to higher stacking resulting in intermixing of leach solutions which inhibited high grade solution segregation. 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) 461 599 649 541 380 2,250 Average ore grade: Gold (g/t) 2.44 2.99 3.44 3.12 2.64 3.03 Gold produced in dore and concentrates ('000 ounces) 33 35 37 48 37 153 Gold production in the first quarter of 2001 was slightly higher than in the first quarter of 2000 but lower than in the fourth quarter of 2000, principally due to timing of flows from the heap leach pads. Bingham Canyon Mine Ore treated ('000 tonnes) 15,440 14,281 13,839 15,102 14,408 58,662 Average ore grade: Copper (%) 0.52 0.58 0.58 0.63 0.63 0.57 Gold (g/t) 0.32 0.47 0.54 0.36 0.46 0.42 Silver (g/t) 2.54 2.78 3.09 2.71 2.91 2.77 Molybdenum (%) 0.035 0.050 0.043 0.040 0.049 0.042 Copper concen- trates produced ('000 tonnes) 275 262 274 326 296 1,137 Average concentrate grade (% Cu) 25.2 28.1 25.6 24.9 26.9 25.9 Production of metals in copper concentrates: Copper ('000 tonnes) (a) 69.7 74.1 70.5 81.4 80.0 295.7 Gold ('000 ounces) 111 143 154 121 151 529 Silver ('000 ounces) 916 952 1,066 1,005 1,029 3,939 Molybdenum concentrates produced ('000 tonnes): 4.3 5.4 4.5 4.2 5.1 18.4 Molybdenum in concentrates ('000 tonnes) 2.3 3.0 2.5 2.3 2.8 10.1 Kennecott smelter & refinery Copper concentrates smelted ('000 tonnes) 279 246 251 296 212 1,072 Copper anodes produced ('000 tonnes) (b) 70.5 58.0 66.3 73.9 61.0 268.8 Production of refined metal: Copper ('000 tonnes) 69.9 61.1 65.8 71.9 67.0 268.7 Gold ('000 ounces) (c) 80 110 102 121 102 413 Silver ('000 ounces) (c) 776 709 912 821 657 3,218 (a) Includes a small amount of copper in precipitates. (b) New metal excluding recycled material. (c) Includes gold and silver in intermediate products. In the first quarter of 2001, production of all metals in concentrate was higher than in the first quarter of 2000, primarily due to higher ore grade. Compared with the fourth quarter of 2000, gold and molybdenum production was greater mainly due to higher ore grade. Smelter copper output was lower in the first quarter of 2001 compared with both the first quarter of 2000 and the fourth quarter of 2000, largely due to lower plant availability. In the first quarter of 2001, refined gold production was higher than in the first quarter of 2000 mainly due to higher ore grade. Compared with the fourth quarter of 2000, refined gold was lower primarily as a result of timing of production from intermediate products. Refined silver in the first quarter of 2001 was lower than in the first quarter of 2000 and fourth quarter of 2000 primarily due to lower equipment availability and timing of production from intermediate products. Lihir Gold Total production at the Lihir gold mine (Rio Tinto 16.3%(a)) in Papua New Guinea. (100% basis) Ore treated ('000 tonnes) 791 841 838 943 962 3,413 Average ore grade: gold (g/t) 5.27 5.64 6.37 6.63 6.64 6.01 Gold produced ('000 ounces) (b) 121 142 152 191 187 606 (a) Effective 14 February 2000, Rio Tinto's interest in Lihir decreased from 17.15% to 16.3% following a placement of shares by Lihir Gold. (b) Gold production represents quantity of gold poured. The strong performance of the fourth quarter of 2000 continued; the operation still benefiting from the favourable ore from West Minifie and much improved plant availability and throughput rates. 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) - - 692 1,297 1,315 1,989 Average ore grade: Copper (%) - - 1.07 1.10 1.18 1.09 Gold (g/t) - - 0.17 0.16 0.29 0.16 Copper concentrates produced ('000 tonnes) - - 16.8 32.1 35.5 48.9 Contained copper in concentrates: Saleable production ('000 tonnes) - - 6.5 12.5 13.7 19.0 Sales ('000 tonnes)(b) - - 6.6 7.9 9.3 14.5 Contained gold in concentrates: Saleable production ('000 tonnes) - - 2.8 4.8 9.3 7.6 Sales ('000 tonnes) (b) - - 2.8 2.7 5.4 5.5 (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. Production of gold in concentrates was significantly higher due to the improved ore grade. Palabora Total production at the Palabora mine, smelter and refinery (Rio Tinto 48.6%(a)) in South Africa. (100% basis) Palabora mine Ore treated ('000 tonnes) 5,862 6,547 6,814 6,514 4,167 25,737 Average ore grade copper (%) 0.59 0.58 0.59 0.59 0.60 0.59 Copper concentrates produced ('000 tonnes) 86.9 89.3 101.6 80.9 51.9 358.7 Average concentrate grade copper (%) 32.2 33.6 32.0 32.8 32.6 32.6 Copper in concentrates ('000 tonnes) 27.9 30.0 32.6 26.5 16.9 117.0 Palabora smelter/refinery New concentrate smelted on site ('000 tonnes) 58.9 51.3 87.8 83.9 74.0 281.9 New copper anodes produced ('000 tonnes)(b) 17.6 14.6 27.7 30.3 25.8 90.2 Refined new copper produced ('000 tonnes) 17.8 14.4 26.3 29.2 25.6 87.7 By-products: Magnetite concentrate ('000 tonnes) 60 70 60 49 44 239 Uranium oxide (tonnes) 14 19 34 28 13 95 Baddeleyite (several grades) ('000 tonnes) 1.9 2.2 1.6 2.2 1.7 7.9 Refined nickel sulphate (tonnes) 103 32 46 82 74 263 Vermiculite Plant Vermiculite produced ('000 tonnes) 39.4 48.0 56.9 64.1 36.1 208.4 (a) Rio Tinto acquired an additional 2.1% holding during the fourth quarter of 2000. (b) Contained copper in anodes; anode production includes a small amount produced from purchased material. Heavy rains experienced during the first quarter of 2001 severely impacted ex-pit ore production. The open pit was out of operation for a month as a result of the rains. This shortage of high-grade pit ores reduced the tonnage of ore treated in the mill and resulted in the fall in concentrate production. Refined copper was above that achieved during the first quarter 2000, a result of improved converter availability and matte grades. Uranium production fell in line with the reduced mill throughput. Magnetite production was also affected by the low mill throughput with high moisture levels also hampering dispatches. Nickel sulphate production during the first quarter of 2000 was inflated by high electrolyte inventory levels. Precious metal production improved as a result of the improved refinery throughput. Vermiculite production was hampered by the heavy rains. Peak Gold Mine Total production and sales from the Peak Gold mine (Rio Tinto 100%) in New South Wales, Australia. Ore treated ('000 tonnes) 148 147 150 144 148 589 Average ore grades: Gold (g/t) 6.82 8.04 8.06 5.98 4.55 7.23 Silver (g/t) 5.22 6.15 5.23 4.92 5.30 5.38 Copper (%) 0.41 0.36 0.37 0.46 0.38 0.40 Lead (%) 0.84 0.74 0.79 0.89 0.96 0.82 Zinc (%) 0.76 0.78 0.99 1.09 1.75 0.90 Bullion produced ('000 ounces) 31 41 39 28 22 139 Containing: Gold ('000 ounces) 28 34 35 24 19 121 Silver ('000 ounces) 3 6 4 3 3 16 Gold recovered in concentrates ('000 ounces) 4 1 2 2 1 9 Total gold production ('000 ounces) 32 35 37 26 20 130 Bullion sales (fine gold) ('000 ounces) 32 34 30 25 22 120 Copper in concentrate ('000 tonnes): Production 1.6 0.6 0.2 - 0.7 2.5 Sales - 5.0 - 0.2 - 5.2 Lead/zinc in concentrate ('000 tonnes): Production 1.7 2.2 1.1 1.6 3.2 6.6 Sales - 1.4 1.0 1.8 4.1 4.2 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) 4,976 4,933 5,051 4,785 3,938 19,745 Average ore grade: gold (g/t) 0.47 0.49 0.48 0.48 0.47 0.48 Refined gold produced ('000 ounces) 59 58 55 57 48 229 Production was lower in the first quarter of 2001 due to structural rewelding required on two mills which resulted in lower ore throughput. 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) 200 219 249 262 238 930 Average ore grade: gold (g/t) 1.08 1.08 1.18 1.19 1.29 1.14 Total gold produced ('000 ounces) 2 2 2 3 3 8 Patchway mine (a) Ore treated ('000 tonnes) 26 25 26 27 24 104 Average ore grade: gold (g/t) 4.70 4.79 5.67 4.99 4.09 5.05 Total gold produced ('000 ounces) 4 3 4 4 3 15 Renco mine Ore treated ('000 tonnes) 70 77 77 63 64 287 Average ore grade: gold (g/t) 5.30 5.74 6.40 6.01 7.45 5.91 Total gold produced ('000 ounces) 10 13 13 11 14 47 Total Rio Tinto Zimbabwe Total gold produced ('000 ounces) 16 17 19 17 19 70 (a) Includes low grade material. Somincor Total production at the Neves Corvo mine (Rio Tinto 49%) in Portugal. (100% basis) Neves Corvo mine Total ore treated ('000 tonnes)(a) 499 538 402 250 581 1,689 Of which, treated to extract tin ('000 tonnes) 64 80 63 40 57 248 Average ore grades: Copper (%) 5.47 5.14 4.77 5.42 4.68 5.19 Tin (%) 1.18 1.83 1.64 0.81 1.48 1.45 Copper production: Copper concentrates produced ('000 tonnes) 102.7 99.7 68.7 48.0 94.5 319.2 Copper concentrate grade copper (%) 23.7 23.9 24.0 24.1 24.1 23.9 Copper in concentrates produced ('000 tonnes) 24.3 23.9 16.5 11.6 22.8 76.3 Tin production: Tin concentrates produced ('000 tonnes) 0.4 1.0 0.7 0.1 0.4 2.3 Tin concentrate Grade: tin (%) 50.5 54.2 52.0 51.1 49.9 52.7 Tin in concentrates produced ('000 tonnes) 0.2 0.6 0.4 0.1 0.2 1.2 (a) Total ore treated for both copper and tin production. Production in the first quarter of 2001 returned to normal levels following the repair to the main shaft motor. COPPER & GOLD (continued) Full 1Q 2Q 3Q 4Q 1Q Year 2000 2000 2000 2000 2001 2000 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 2,575 2,780 2,597 2,466 2,697 10,419 Alluvial ore 1,260 1,108 1,492 1,048 1,007 4,908 Total ore processed 3,835 3,888 4,089 3,514 3,704 15,326 Diamonds recovered ('000 carats): AK1 6,384 7,247 6,439 5,354 4,918 25,423 Alluvial 287 281 318 166 164 1,052 Total recovered 6,671 7,527 6,757 5,520 5,082 26,475 (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 ore processed for the first quarter of 2001 was slightly improved on the corresponding period last year whereas alluvials processing was below that of the corresponding quarter in 2000 due to reduced screen capacity, exacerbated by wet weather. Lower AK1 diamond production for the first quarter, relative to the corresponding period last year, reflected the continuation of lower grade of ore processed, and the effect of rescheduling ore blocks to facilitate pit development work. Ashton Mining Total 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 95 Diamonds recovered ('000 carats) - - - 37 15 37 (a) Production data are shown from 10 November 2000, the effective date of acquisition of Ashton Mining. Diamond production at Merlin in the first quarter of 2001 was below that of the forth quarter of 2000 due to the suspension of operations because wet weather has prevented delivery of fuel to the site. Operations are expected to resume in mid May. IRON ORE Full 1Q 2Q 3Q 4Q 1Q Year 2000 2000 2000 2000 2001 2000 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 12,618 12,978 14,642 14,857 13,579 55,095 Channar 2,594 2,465 2,732 2,811 2,453 10,602 Total production 15,212 15,443 17,374 17,668 16,032 65,697 Total shipments ('000 tonnes) 15,162 16,870 17,301 17,722 15,312 67,055 In the first quarter of 2001, Hamersley achieved record production and shipments for a first quarter. Production was 5% higher than in the corresponding quarter of 2000, however lower than the previous quarter, primarily due to constraints caused by wet weather. Shipments exceeded the previous first quarter record, achieved in 2000, by 150,000 tonnes. Iron Ore Company of Canada Total production from the Carol Lake operations (Rio Tinto 56.1% (a)) in Labrador, Canada. (100% basis) Carol Lake operations Saleable production: Concentrates ('000 tonnes) - - 567 868 638 1,435 Pellets ('000 tonnes) - - 1,609 3,092 2,702 4,701 Shipments: Concentrate ('000 tonnes) - - 718 1,124 652 1,842 Pellets ('000 tonnes) - - 1,781 2,517 1,987 4,298 (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. Several operational difficulties were experienced early in the first quarter of 2001, in addition to the usual impact of winter conditions on shipments and production. 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) 147 173 281 178 156 778 (a) Production includes by-product fines. Robe River Iron Associates Total production from the Pannawonica mine (Rio Tinto 53% (a)) in Western Australia. (100% basis) Pannawonica mine Saleable production ('000 tonnes) - - 4,831 7,954 6,781 12,785 Shipments ('000 tonnes) - - 5,600 7,295 7,305 12,895 (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 first quarter of 2001 was 15% lower compared with the previous quarter and 3% lower compared with the corresponding quarter in 2000. Production was adversely impacted in the first quarter of 2001 by localised wet weather and low staffing levels at Pannawonica, which has been rectified in April. First quarter shipments decreased by 5% compared with the corresponding quarter of 2000, as sales returned to a more sustainable level. NICKEL Rio Tinto Brasil Limitada Total nickel in matte production at the Fortaleza mine (Rio Tinto 100%) in Brazil Fortaleza mine Production (tonnes) 2,561 2,170 1,333 2,674 2,710 8,738 Production continued to recover following the third quarter 2000 reduction which was related to preparing the mine for transition from open pit to underground operation. Rio Tinto Zimbabwe Total refined metal production at the Empress Nickel refinery (Rio Tinto 56%) in Zimbabwe. (100% basis) Empress Nickel refinery Production (tonnes) 1,736 1,676 1,869 1,654 1,623 6,935 SALT Dampier Salt Total production of salt from Dampier and Lake MacLeod (Rio Tinto 64.9%) in Western Australia. (100% basis) Salt production ('000 tonnes) 1,024 1,338 1,142 1,095 1,385 4,599 TALC The Luzenac Group Total talc production from Luzenac Group operations in Europe (Rio Tinto 99.9%) and North America (Rio Tinto 100%). (100% basis) Talc production ('000 tonnes) 321 315 324 302 323 1,262 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) 349 310 341 368 356 1,368 URANIUM Energy Resources of Australia Ltd Production at the Ranger mine (68.4% Rio Tinto (a)) in the Northern Territory, Australia. (100% basis) Ranger mine Production (tonnes U3O8) - - 548 1,216 1,320 1,764 (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) 818 726 821 836 724 3,201 ZINC Norzink AS Total refined zinc production at the Norzink smelter (Rio Tinto 50% (a)) in Norway. (100% basis) Production ('000 tonnes) 35.6 32.9 35.2 34.7 36.3 138.4 (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) - - 127 179 201 306 Average grades: Zinc (%) - - 10.1 11.1 8.2 10.7 Lead (%) - - 3.8 4.3 3.3 4.1 Silver (g/t) - - 107 112 75 110 Production of zinc concentrate ('000 tonnes) - - 22.7 33.9 28.0 56.6 Production of lead concentrate ('000 tonnes) - - 5.5 9.1 7.9 14.6 Production of metal in concentrates: Zinc ('000 tonnes) - - 12.8 18.7 15.3 31.5 Lead ('000 tonnes) - - 3.9 6.6 5.7 10.5 Silver ('000 tonnes) - - 271 431 347 702 (a) Rio Tinto acquired its interest in Zinkgruvan as part of North Limited. Production data are shown from 11 August 2000, the effective date of the acquisition. Concentrate production in the first quarter of 2000 reflected lower grades than in the previous quarter; grades are expected to improve for the remainder of the year but will not reach last year's level. Expenditure Total pre-tax exploration expenditure charged to the profit and loss account for the quarter ending March 31 2001 was US$22 million compared with US$27 million in the comparable quarter of 2000. Ongoing Programmes Country Commodity Programme Summary Australia Phosphate Beneficiation test work commenced on drill core from the Wonarah phosphate deposit in the Northern Territory. South America Copper and Early encouragement was obtained from gold reconnaissance drilling of the Tenke option Vicuna copper-gold property on the Chile- Argentina border and the IAMGOLD option Las Mellizas gold property in southern Argentina. India Diamonds Fieldwork commenced on recently granted reconnaissance permits in Karnataka and Andhra Pradesh Turkey Copper and Further encouragement was obtained from gold reconnaissance drilling of Anatolia alliance porphyry copper-gold prospects in eastern Turkey. China Nickel A formal agreement was signed with the Gansu Qinqi Mineral Company covering a joint venture exploration programme around the Jinchuan nickel mine. Indonesia Copper and In block A, delineation drilling continued on gold porphyry gold-copper mineralisation within the Ertsberg intrusion and on extensions to the Kucing Liar skarn system on the periphery of the Grasberg intrusion.

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