Q2 Production Report - Pt.1
Rio Tinto PLC
25 July 2001
PART 1
Rio Tinto Quarterly Production Report
For the Quarter ending 30 June 2001
Production of all principal mined commodities was higher in the second
quarter and first half of 2001 compared with the same periods in 2000. The
higher production was attributable primarily to the major acquisitions
completed in the last year.
*Iron ore production was 52% higher in the second quarter of 2001
compared with the same quarter in 2000. Hamersley achieved record first
half production in 2001, 8% higher than the previous first half record in
1999.
*Coal production was 22% higher than in the second quarter of 2000. In
the US production was 15% higher. Australian coal production was 54%
higher following the acquisition of the Lemington and Peabody coal assets
in the Hunter Valley.
*Mined copper production in the second quarter of 2001 was 16% higher
than in the same quarter of 2000. Higher grades at Kennecott Utah Copper
and Grasberg, Indonesia, offset a reduction in the grade at Escondida,
Chile. Total copper output included production from the Group's interests
in Alumbrera, Argentina and Northparkes, Australia, purchased through the
North acquisition in 2000.
*Gold production increased by 60% compared with the second quarter of
2000, primarily due to higher grades at Grasberg and Kennecott Utah
Copper, and the increased capacity acquired with North.
*Primary aluminium production was 17% higher in the quarter compared
with the same period in 2000, reflecting the acquisition of the Comalco
minorities in 2000.
*Diamond production was 12% ahead of the same quarter in 2000. The
lower ore grade at Argyle was more than offset by the increased ownership
of the mine following the acquisition of Ashton in the second half of
2000.
*Titanium feedstock production was 20% higher, and borates production
marginally higher, than in the same quarter of 2000.
The half year results for 2001 are scheduled to be released on 2 August
2001.
For further information contact:
LONDON AUSTRALIA
Media Relations Media Relations
Lisa Cullimore Ian Head
+ 44 (0) 20 7753 2305 +61 (0) 3 9283 3620
Investor Relations Investor Relations
Peter Cunningham Dave Skinner
+ 44 (0) 20 7753 2401 +61 (0) 3 9283 3628
Jonathan Murrin Daphne Morros
+ 44 (0) 20 7753 2326 +61 (0) 3 9283 3639
Website: www.riotinto.com
RIO TINTO PRODUCTION SUMMARY
RIO TINTO share
of production
% Change
Quarter Half Year Q2 01 Q2 01 1H 01
2000 2001 2001 2000 2001 vs vs vs
Q2 Q1 Q2 Q1 01 Q2 00 1H 00
Principal Commodities
Aluminium
('000 t) 161.6 188.0 189.7 304.3 377.7 1% 17% 24%
Borates
('000 t) 135 148 139 280 287 -6% 3% 3%
Coal
('000 t) 30,769 35,872 37,674 62,013 73,545 5% 22% 19%
Copper - mined
('000 t) 204.1 237.7 237.6 408.6 475.3 0% 16% 16%
Copper - refined
('000 t) 88.2 100.5 84.8 186.5 185.3 -16% -4% -1%
Diamonds
('000 cts) 4,494 5,086 5,034 8,476 10,120 -1% 12% 19%
Gold - mined
('000 ozs) 590 896 945 1,230 1,840 5% 60% 50
Gold - refined
('000 ozs) 110 102 87 190 189 -15% -21% 0%
Iron ore
('000 t) 14,630 20,674 22,218 28,951 42,892 7% 52% 48%
Titanium dioxide
feedstock
('000 t) 310 356 371 659 727 4% 20% 10%
Other Metals & Minerals
Alumina
('000 t) 362 394 413 663 807 5% 14% 22%
Bauxite
('000 t) 2,657 3,032 2,940 4,794 5,972 -3% 11% 25%
Lead - mined
('000 t) 3.6 9.3 10.3 7.1 19.6 10% 187% 176%
Molybdenum
('000 t) 3.0 2.8 2.2 5.4 5.0 -22% -28% -6%
Nickel in matte
(tonnes) 2,170 2,710 2,487 4,731 5,197 -8% 15% 10%
Nickel - refined
(tonnes) 939 910 925 1,912 1,835 2% -1% -4%
Salt
('000 t) 869 899 1,020 1,534 1,920 13% 17% 25%
Silver - mined
('000 ozs) 3,450 4,532 4,469 6,894 9,001 -1% 30% 31%
Silver - refined
('000 ozs) 709 657 834 1,485 1,491 27% 18% 0%
Talc
('000 t) 315 322 318 636 640 -1% 1% 1%
Tin
(tonnes) 275 115 210 384 324 83% -24% -16%
Uranium
(tonnes) 507 1,405 960 1,074 2,366 -32% 89% 120%
Zinc - mined
('000 t) 11.2 25.3 24.5 21.2 49.8 -3% 118% 135%
Zinc - refined
('000 t) 16.5 18.2 2.3 34.3 20.4 -88% -86% -40%
NB Throughout this report, figures in italics indicate adjustments made
since the figure was previously quoted on the equivalent page.
The figures shown for production are sometimes more precise than the
rounded numbers shown, hence small differences may result between the
total of the quarter figures and the half year figures.
Rio Tinto Share of Production
2Q 3Q 4Q 1Q 2Q 1H 1H
Interest 2000 2000 2000 2001 2001 2000 2001
ALUMINA
Production
('000 tonnes)
Eurallumina (a)
56% 117 146 146 137 142 220 279
Queensland
Alumina (a)
30% 246 284 290 257 271 443 528
Rio Tinto total
Alumina production 362 430 436 394 413 663 807
ALUMINIUM
Refined production
('000 tonnes)
Anglesey
51% 18.0 18.0 19.5 18.0 18.2 35.8 36.2
Bell Bay (a)
100% 32.4 40.6 40.9 39.3 39.8 59.3 79.1
Boyne Island (a)
54% 57.0 68.9 68.9 66.2 67.3 107.6 133.5
Tiwai Point (a)
79% 54.2 65.8 65.4 64.4 64.4 101.6 128.8
Rio Tinto total
Aluminium production 161.6 193.3 194.7 188.0 189.7 304.3 377.7
BAUXITE
Production
('000 tonnes)
Boke (a) 4% 144 111 119 119 120 269 239
Weipa (a) 100% 2,513 2,990 2,992 2,913 2,820 4,525 5,733
Rio Tinto total
Bauxite production 2,657 3,101 3,111 3,032 2,940 4,794 5,972
BORATES
Borates
('000 tonnes B2O3 content)
Rio Tinto total
Borate production
100% 135 161 149 148 139 280 287
Coal
COAL Type
Australian coal operations
('000 tonnes)
Coal & Allied Industries(b):
Bengalla (c)
29% S - - - 269 414 - 683
Hunter Valley
Operations (d)
73% S 1,101 1,019 1,095 1,067 1,031 1,970 2,098
73% M 637 424 394 888 705 1,183 1,593
Mount Thorley
Operations
58% S 239 368 371 283 341 485 624
58% M 273 306 333 226 313 621 539
Moura (c)
40% S - - - 145 330 - 475
40% M - - - 261 290 - 551
Narama (c)
36% S - - - 142 280 - 422
Ravensworth
East (c)
73% S - - - 126 357 - 483
Warkworth (c)
40% S - - - 388 635 - 1,023
40% M - - - 68 76 - 144
Pacific Coal:
Blair Athol Coal
71% S 1,848 1,877 2,406 2,160 2,057 3,581 4,216
Kestrel Coal
80% S 246 256 226 179 250 422 429
80% M 472 532 381 327 468 820 795
Tarong Coal
100% S 1,049 1,268 1,470 1,316 1,475 2,305 2,791
Total Australian coal 5,865 6,049 6,676 7,845 9,021 11,387 16,866
Indonesian coal operations
('000 tonnes)
Kaltim Prima
Coal (e) 50% S 1,660 1,514 2,249 1,619 1,869 2,806 3,488
US coal operations
('000 tonnes)
Kennecott Energy:
Antelope
100% S 5,035 5,486 5,240 5,426 5,355 10,111 10,781
Colowyo (f)
100% S 1,225 1,268 1,030 1,276 1,334 2,393 2,610
Cordero Rojo
100% S 7,204 9,018 9,917 9,702 9,621 16,103 19,323
Decker 50% S 1,148 1,220 1,105 1,155 975 2,204 2,130
Jacobs Ranch
100% S 5,965 7,352 6,635 7,003 7,138 11,691 14,141
Spring Creek
100% S 2,668 2,397 2,538 1,845 2,362 5,318 4,207
Total US coal 23,245 26,741 26,465 26,407 26,785 47,820 53,192
Rio Tinto total
coal production 30,769 34,303 35,390 35,872 37,674 62,013 73,545
Mine production figures for metals refer to the total quantity of metal
produced in concentrates or dore bullion irrespective of whether these
products are then refined on-site.
Key to coal type: S = Steaming/thermal coal, M = Metallurgical/coking coal.
See footnotes page 6.
COPPER
Mine production
('000 tonnes)
Alumbrera (g)
25% - 5.0 10.3 11.2 12.4 - 23.6
Bingham Canyon
100% 74.1 70.5 81.4 80.0 92.4 143.8 172.4
Escondida
30% 63.7 70.9 71.9 64.1 55.9 130.7 120.0
Grasberg -
FCX (h)
14% 17.5 23.3 27.7 25.3 24.1 36.0 49.4
Grasberg -
Joint Venture (h)
40% 23.1 24.8 44.3 27.1 25.1 47.7 52.2
Neves Corvo
49% 11.7 8.1 5.7 11.2 10.6 23.6 21.8
Northparkes (g)
80% - 5.2 10.0 10.9 10.7 - 21.7
Palabora (i)
49% 13.9 15.1 12.7 7.8 6.4 26.9 14.2
Rio Tinto total
mine production 204.1 223.0 264.0 237.7 237.6 408.6 475.3
Refined production ('000 tonnes)
Atlantic Copper (h)
17% 9.9 10.6 9.8 10.1 7.8 19.6 18.0
Escondida
30% 10.5 10.4 10.7 10.9 11.5 21.0 22.4
Kennecott Utah Copper
100% 61.1 65.8 71.9 67.0 56.3 131.0 123.3
Palabora
49% 6.7 12.2 14.0 12.4 9.2 15.0 21.6
Rio Tinto total
refined production 88.2 99.1 106.3 100.5 84.8 186.5 185.3
At the end of the quarter, the Group had provisionally priced sales of copper
in concentrates and intermediate product as follows:
Million lbs of payable copper:
Alumbrera (g)
25% - - 13 20 29 - 29
Escondida
30% 100 99 110 126 141 100 141
Grasberg (h)
14% 45 54 65 50 54 45 54
Kennecott
100% 11 11 37 20 10 11 10
Neves Corvo
49% 9 9 8 13 25 9 25
Northparkes (g)
80% - 6 15 13 29 - 29
Rio Tinto total 165 179 248 241 289 165 289
Priced at US
c/lb average 81 89 83 77 72 81 72
DIAMONDS
Production ('000 carats)
Argyle (j)
99.8% 4,494 4,034 4,657 5,072 5,012 8,476 10,084
Other (j) - - - 37 15 22 - 36
Rio Tinto
total diamond
production 4,494 4,034 4,694 5,086 5,034 8,476 10,120
GOLD
Mine production ('000 ounces)
Alumbrera (g)
25% - 19 33 34 43 - 77
Barneys Canyon
100% 35 37 48 37 30 68 67
Bingham Canyon
100% 143 154 121 151 179 254 330
Cortez/Pipeline
40% 86 76 118 118 122 210 240
Escondida
30% 8 11 9 7 7 18 14
Grasberg -
FCX (h)
14% 48 54 100 108 111 107 218
Grasberg -
Joint Venture (h)
40% 87 88 190 222 238 200 460
Greens Creek
70% 15 13 15 16 15 30 31
Kelian
90% 55 93 88 94 86 123 180
Lihir (k)
16% 23 25 31 30 26 43 56
Morro do Ouro
51% 30 28 29 24 23 60 48
Northparkes (g)
80% - 2 4 7 10 - 18
Peak
100% 35 37 26 20 29 67 49
Rawhide
51% 14 14 12 13 14 28 27
Rio Tinto Zimbabwe
56% 10 11 10 11 10 19 20
Others - 1 2 2 3 2 3 5
Rio Tinto total
mine production 590 664 836 896 945 1,230 1,840
Refined production
('000 ounces)
Kennecott
Utah Copper
100% 110 102 121 102 87 190 189
Mine production figures for metals refer to the total quantity of metal
produced in concentrates or dore bullion irrespective of whether these
products are then refined on-site.
See footnotes on page 6.
IRON ORE
Production ('000 tonnes)
Channar
60% 1,479 1,639 1,687 1,472 1,630 3,035 3,101
Corumba
100% 173 281 178 156 116 319 272
Hamersley
100% 12,978 14,642 14,857 13,579 14,352 25,596 27,931
Iron Ore Company
Of Canada (g)(l)
56% - 1,221 2,222 1,874 2,426 - 4,300
Robe River (g)
53% - 2,560 4,216 3,594 3,694 - 7,288
Rio Tinto
total mine production 14,630 20,343 23,159 20,674 22,218 28,951 42,892
PRINCIPAL COMMODITIES (continued)
Rio Tinto
Share of Production
2Q 3Q 4Q 1Q 2Q 1H 1H
Interest 2000 2000 2000 2001 2001 2000 2001
LEAD
Mine production
('000 tonnes)
Greens Creek
70% 3.6 3.7 3.4 3.6 3.4 7.1 7.0
Zinkgruvan (g)
100% - 3.9 6.6 5.7 6.9 - 12.7
Rio Tinto
Total mine
Production 3.6 7.6 10.0 9.3 10.3 7.1 19.6
MOLYBDENUM
Mine production ('000 tonnes)
Bingham Canyon
100% 3.0 2.5 2.3 2.8 2.2 5.4 5.0
NICKEL
Nickel in matte (tonnes)
Fortaleza
100% 2,170 1,333 2,674 2,710 2,487 4,731 5,197
Toll refined metal production (tonnes)
Rio Tinto
Zimbabwe - Empress
56% 939 1,047 927 910 925 1,912 1,835
SALT
Production ('000 tonnes)
Dampier
65% 869 742 711 899 1,020 1,534 1,920
SILVER
Mine production ('000 ounces)
Bingham Canyon
100% 952 1,066 1,005 1,029 1,328 1,869 2,357
Escondida
30% 265 258 231 255 266 496 521
Grasberg - FCX (h)
14% 122 159 205 213 183 251 397
Grasberg -
Joint Venture (h)
40% 48 47 208 76 193 123 269
Greens Creek
70% 1,779 1,390 1,567 2,285 1,795 3,537 4,080
Zinkgruvan (g)
100% - 271 431 347 396 - 744
Others - 283 350 349 326 307 618 633
Rio Tinto total
mine production 3,450 3,541 3,994 4,532 4,469 6,894 9,001
Refined production ('000 ounces)
Kennecott
Utah Copper
100% 709 912 821 657 834 1,485 1,491
TALC
Production ('000 tonnes)
Luzenac Group
99.9% 315 323 302 322 318 636 640
TIN
Mine production (tonnes)
Neves Corvo
49% 275 187 39 115 210 384 324
TITANIUM DIOXIDE FEEDSTOCK
Production
('000 tonnes)
Rio Tinto Iron &
Titanium
100% 310 341 368 356 371 659 727
Mine production figures for metals refer to the total quantity of metal
produced in concentrates or dore bullion irrespective of whether these
products are then refined on-site, except for the data for iron ore which
represent production of saleable quantities of ore plus pellets. The nickel in
matte production reflects the contained tonnage of nickel.
See footnotes on page 6.
Rio Tinto
Share of Production
2Q 3Q 4Q 1Q 2Q 1H 1H
Interest 2000 2000 2000 2001 2001 2000 2001
URANIUM
Production (tonnes U3O8)
Energy Resources
of Australia (g)
68% - 375 832 903 648 - 1,551
Palabora 49% 9 16 13 6 5 15 11
Rossing 69% 498 563 573 497 308 1,059 804
Rio Tinto total
uranium production 507 954 1,418 1,405 960 1,074 2,366
ZINC
Mine production ('000 tonnes)
Greens Creek
70% 11.2 11.4 10.1 10.0 9.7 21.2 19.7
Zinkgruvan (g)
100% - 12.8 18.7 15.3 14.8 - 30.1
Rio Tinto total
mine production 11.2 24.2 28.8 25.3 24.5 21.2 49.8
Refined production ('000 tonnes)
Norzink (m)
0% 16.5 17.6 17.3 18.2 2.3 34.3 20.4
(a) During 2000, Rio Tinto acquired all the outstanding shares in Comalco. Rio
Tinto's share of production has been calculated using the weighted average of
Rio Tinto's interest over the relevant periods.
(b) During March 2001, Rio Tinto increased its stake in Coal & Allied from
70.88% to 72.71%. Rio Tinto's share of production has been calculated using
the weighted average of Rio Tinto's interest over the relevant periods.
(c) Coal & Allied has purchased the Australian subsidiaries of the Peabody
Group. Production data are shown from 29 January 2001 the effective date of
acquisition. Coal & Allied acquired an additional 11.8% interest in the
Warkworth mine from Ticor Limited.
(d) Production from the Lemington mine, acquired by Coal & Allied with effect
from 20 December 2000, is included with Hunter Valley Operations.
(e) Rio Tinto has a 50% share in Kaltim Prima and, under the terms of its Coal
Agreement, the Indonesian Government is entitled to a 13.5% share of Kaltim
Prima's production. Rio Tinto's share of production shown is before deduction
of the Government share.
(f) Kennecott Energy has a partnership interest in the Colowyo mine, but, as
it is responsible under a management agreement for the operation of the mine,
all of Colowyo's output is included in Rio Tinto's share of production.
(g) Rio Tinto's share of production from the assets owned by North Limited is
shown with effect from 11 August 2000, the effective date of the acquisition.
(h) Rio Tinto's initial interests in the Grasberg mine and in the Atlantic
Copper smelter were acquired in 1995 by virtue of an acquisition of shares in
Freeport-McMoRan Copper & Gold (FCX). As a result of FCX share buy-backs, Rio
Tinto's interest in FCX has changed and, as of 30 June 2001, Rio Tinto had, by
virtue of its FCX shareholding, a 14.3% share in Grasberg and a 16.6% share in
Atlantic Copper. Under the Joint Venture agreement with FCX, Rio Tinto is
entitled to 40% of additional material mined as a consequence of the expansion
of the Grasberg facilities. The additional entitlement is shown separately in
the above tables.
(i)Rio Tinto increased its holding in Palabora from 46.5% to 48.6% during
November 2000; it acquired a further 0.7% in July 2001.
(j) On 10 November 2000, Rio Tinto acquired control of Ashton Mining and, as
of 17 January 2001, owned 100%. As a result of this purchase, with effect from
10 November 2000, Rio Tinto's effective interest in Argyle Diamonds increased
from 59.7% to 99.8%. Shown separately is Rio Tinto's share of production from
Ashton's diamond interests apart from Argyle.
(k) 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.
(l) Rio Tinto acquired 20.3% of the Labrador Iron Ore Royalty Income Fund
during the first half of 2001. The Fund has a shareholding in Iron Ore Company
of Canada but this has not been included in the calculation of tonnage
attributable to Rio Tinto.
(m) Rio Tinto completed the sale of its interest in Norzink on 17 April 2001.
OPERATIONAL DATA
2Q 3Q 4Q 1Q 2Q 1H 1H
2000 2000 2000 2001 2001 2000 2001
ALUMINIUM
Anglesey Aluminium
Total production at Anglesey Aluminium (Rio Tinto 51%) in the UK.
(100% basis)
Aluminium hot metal production
('000 tonnes) 35.3 35.3 38.2 35.3 35.7 70.3 71.0
Comalco (a)
Total production at Comalco operations; Weipa (Rio Tinto 100%) in Australia;
Boke (Rio Tinto 4%) in Guinea; Eurallumina (Rio Tinto 56.2%) in Italy;
Queensland Alumina (Rio Tinto 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) 3,008 2,990 2,992 2,913 2,820 5,785 5,733
Metal grade bauxite
shipments
('000 tonnes) 2,766 3,058 2,965 2,841 2,658 5,495 5,499
Calcined bauxite
Production
('000 tonnes) 36 31 29 33 41 69 74
Boke mine
Bauxite production
('000 tonnes) 3,792 2,447 2,624 3,136 3,115 7,606 6,251
Eurallumina SpA,
Sardinia
Alumina production
('000 tonnes) 249 260 260 244 254 502 498
Queensland Alumina Limited,
Queensland
Alumina production
('000 tonnes) 969 937 956 847 894 1,869 1,741
Bell Bay, Tasmania
Primary aluminium production
('000 tonnes) 38.8 40.6 40.9 39.3 39.8 75.9 79.1
Boyne Island, Queensland
Primary aluminium production
('000 tonnes) 125.0 126.1 126.3 122.5 125.2 252.7 247.7
Tiwai Point
Primary aluminium production
('000 tonnes) 81.4 82.7 82.2 81.0 81.4 163.6 162.4
Sales of aluminium
attributable to Comalco
('000 tonnes) 182.5 157.7 191.2 155.1 183.5 352.1 338.6
(a) During 2000, Rio Tinto acquired all the shares in Comalco and now owns
100%.
In the second quarter of 2001, bauxite production was adversely affected by
closure of the port at Weipa for maintenance in May, resulting in full
stockpiles and hence a cut back in mine production, plus low truck
availability in June. Bauxite shipments in the second quarter were lower
than in the first quarter of 2001 primarily due to unrealised traded market
shipments. Alumina production in the second quarter of 2001 has improved on
the first quarter of 2001; production restrictions and unscheduled
maintenance at the QAL refinery are the major reasons for lower production in
the first half of 2001 compared with 2000.
Aluminium sales for the first half of 2001 were reduced, largely due to a
weakening aluminium market and timing of recognition of sales to the US.
Some of Comalco's primary aluminium has 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. Aluminium production in the second quarter of 2001 was
similar to the first quarter of 2001.
BORATES
Rio Tinto Borax
Total production at the Boron mine (Rio Tinto 100%) in California, US and
at the Tincalayu, Sijes, Porvenir and Maggie mines (Rio Tinto 100%) in
Argentina.
(100% basis)
Borates
('000 tonnes) (a) 135 161 149 148 139 280 287
(a) Production is expressed as B2O3 content.
COAL
Coal & Allied Industries Limited (a)
Total production and sales from the Bengalla mine (Rio Tinto 29% (a));
Hunter Valley Operations (Rio Tinto 73% (a)); the Mount Thorley Operations
(Rio Tinto 58% (a)); the Narama mine (Rio Tinto 36% (a)); the Ravensworth
East mine (Rio Tinto 73% (a)) and the Warkworth mine (Rio Tinto 40%
(a),(b)), all in New South Wales, and the Moura mine (Rio Tinto 40% (a))
in Queensland, Australia.
(100% basis)
Bengalla mine (b)
Thermal coal production
('000 tonnes) - - - 944 1,423 - 2,367
Hunter Valley Operations (c)
Thermal coal
production
('000 tonnes) 1,554 1,437 1,545 1,500 1,418 2,780 2,918
Semi-soft coking
coal Production
('000 tonnes) 898 598 556 1,248 970 1,669 2,218
Mount Thorley Operations
Thermal coal:
production
('000 tonnes) 423 650 656 497 588 858 1,085
Semi-soft coking
coal Production
('000 tonnes) 482 540 588 397 540 1,097 937
Moura mine (b)
Thermal coal
production
('000 tonnes) - - - 370 825 - 1,195
Semi-soft coking
coal production
('000 tonnes) - - - 455 722 - 1,177
Coking coal
production
('000 tonnes) - - - 211 3 - 214
Narama mine (b)
Thermal coal
production
('000 tonnes) - - - 399 769 - 1,168
Ravensworth East Mine (b)
Thermal coal
production
('000 tonnes) - - - 177 491 - 668
Warkworth mine (b)
Thermal coal
production
('000 tonnes) - - - 979 1,571 - 2,550
Semi-soft coking
coal production
('000 tonnes) - - - 172 187 - 359
Total Coal & Allied
Total coal
production
('000 tonnes) 3,357 3,225 3,345 7,349 9,507 6,404 16,856
Total sales
('000 tonnes) (d) 3,616 3,654 2,989 7,694 9,507 6,509 17,201
(a) During March 2001, Rio Tinto increased its stake in Coal & Allied
from 70.88% to 72.71%.
(b) Coal & Allied purchased the Australian subsidiaries of the Peabody
Group effective 29 January 2001. Effective on the same date Coal & Allied
acquired an additional 11.8% interest in the Warkworth mine from Ticor
Limited.
(c) Hunter Valley Operations consist of the merged Howick and Hunter
Valley mines, as well as the Lemington mine acquired with effect from 20
December 2000.
(d) Sales relate only to coal mined by the operations and exclude traded
coal.
Coal production for Hunter Valley Operations decreased in the second
quarter of 2001 compared with the first quarter of 2001 due to low in pit
inventory levels which adversely affected coal deliveries to the Lemington
and Hunter Valley coal preparation plants. A Narama mine contract has a
June year end, which traditionally leads to increased production in the
second quarter of the year. In addition a spot tonnage contract had to be
delivered by June 2001.
Ravensworth East coal production improved during the second quarter of
2001 compared with the first quarter of 2001, which had been constrained
by heavy rainfall.
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) 3,319 3,027 4,497 3,238 3,737 5,611 6,975
Shipments
('000 tonnes) 3,287 2,178 5,227 3,309 3,622 5,849 6,931
Although production was increased in the second quarter of 2001, the
strike at a major shovel contract maintenance company continued to
adversely affect production. Production in May was affected when several
key mining areas were blockaded for a few days 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) 5,035 5,486 5,240 5,426 5,355 10,111 10,781
Colowyo mine
Thermal coal production
('000 tonnes) 1,225 1,268 1,030 1,276 1,334 2,393 2,610
Cordero Rojo mine
Thermal coal production
('000 tonnes) 7,204 9,018 9,917 9,702 9,621 16,103 19,323
Decker mine
Thermal coal production
('000 tonnes) 2,296 2,439 2,210 2,310 1,949 4,408 4,259
Jacobs Ranch mine
Thermal coal production
('000 tonnes) 5,965 7,352 6,635 7,003 7,138 11,691 14,141
Spring Creek mine
Thermal coal production
('000 tonnes) 2,668 2,397 2,538 1,845 2,362 5,318 4,207
Total Kennecott Energy
Total coal
production
('000 tonnes) 24,393 27,960 27,570 27,562 27,759 50,024 55,321
Second quarter 2001 production was 14% higher than for the same period in
2000.
COAL (Continued)
2Q 3Q 4Q 1Q 2Q 1H 1H
2000 2000 2000 2001 2001 2000 2001
Pacific Coal
Total production and sales from the Blair Athol mine (Rio Tinto 71.2%),
the Kestrel Coal mine (Rio Tinto 80%) and the Tarong Coal mine (Rio Tinto
100%) in Queensland, Australia.
(100% basis)
Blair Athol Coal mine
Thermal coal:
Production
('000 tonnes) 2,594 2,635 3,378 3,032 2,887 5,026 5,919
Sales
('000 tonnes) 2,957 2,639 3,045 2,926 3,151 5,281 6,077
Kestrel Coal mine
Thermal coal:
Production
('000 tonnes) 307 320 283 224 312 527 536
Sales
('000 tonnes) 158 253 146 212 105 285 317
Coking coal:
Production
('000 tonnes) 590 665 476 409 585 1,025 994
Sales
('000 tonnes) 418 733 494 314 535 924 849
Semi-hard coking
coal: (a)
Sales
('000 tonnes) 152 232 192 162 238 416 400
Tarong Coal mine
Thermal coal:
Production
('000 tonnes) 1,049 1,268 1,470 1,316 1,475 2,305 2,791
Sales
('000 tonnes) 1,049 1,268 1,470 1,362 1,373 2,305 2,735
Total Pacific Coal
Total coal
production
('000 tonnes) 4,540 4,888 5,607 4,981 5,260 8,884 10,240
(a) Semi-hard coking coal is a mixture of thermal coal and coking coal.
The product mix is customer dependent.
Blair Athol production was higher in the first half of 2001 compared with
the first half of 2000. 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 half of 2001 was affected by longwall
equipment reliability issues and poor mining conditions.
COPPER & GOLD
Alumbrera
Total production and sales at the Bajo de la Alumbrera mine (Rio Tinto 25%
(a)) in Argentina.
(100% basis)
Ore treated
('000 tonnes) - 3,736 7,102 7,041 7,483 - 14,524
Average ore grades:
Copper (%) - 0.59 0.64 0.71 0.74 - 0.72
Gold (g/t) - 0.9 0.7 0.8 1.0 - 0.9
Concentrate produced
('000 tonnes) - 72.1 148.1 160.4 177.3 - 337.7
Copper in concentrates:
Production
('000 tonnes) - 20.0 41.1 44.7 49.6 - 94.2
Sales
('000 tonnes) - 17.5 33.4 37.9 57.0 - 94.9
Production of gold
in concentrates
('000 ounces) - 71 125 127 166 - 293
Production of gold
in dore
('000 ounces) - 4 8 7 7 - 14
Total gold sales
('000 ounces) - 66 115 118 193 - 311
(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) 11,528 12,358 11,535 11,128 10,650 23,012 21,778
Average copper
grade (%) 1.83 1.85 1.94 1.95 1.82 1.91 1.88
Mill production (metals in concentrates):
Contained copper
('000 tonnes) 184.6 197.4 190.7 177.1 160.6 388.4 337.7
Contained gold
('000 ounces) 28 38 31 24 24 60 48
Contained silver
('000 ounces) 883 859 769 849 887 1,654 1,736
Oxide ore treated
('000 tonnes) 2,813 3,740 4,223 3,360 2,494 4,609 5,854
Average copper
grade (%) 0.99 1.04 1.16 1.09 1.03 1.02 1.07
Contained copper in
leachate/mined material
('000 tonnes) 28 39 49 37 26 47 62
Refined production:
Oxide plant
production
('000 tonnes) 35.0 34.7 35.6 36.5 38.3 69.9 74.8
Sulphide ore tonnage treated in the second quarter was slightly lower than
the corresponding period of 2000 due to a major mill shutdown in June.
Contained copper declined due to lower throughput, together with a slight
decrease in ore grade and lower recovery due to mineralogy and ore
characteristics. Oxide plant production rose slightly.
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) 19,885 20,377 20,468 20,665 21,842 40,958 42,507
Average mill head grades:
Copper (%) 0.94 1.09 1.33 1.13 1.04 0.94 1.08
Gold (g/t) 0.86 0.89 1.64 1.68 1.57 0.93 1.62
Silver (g/t) 2.72 2.62 3.70 3.45 3.33 2.78 3.39
Production of metals in concentrates:
Copper in
concentrates
('000 tonnes) 158.2 195.2 246.3 204.4 193.9 327.7 398.3
Gold in
concentrates
('000 ounces) 457 485 920 975 1,013 1,031 1,988
Silver in
concentrates
('000 ounces) 992 1,210 1,701 1,570 1,478 2,074 3,048
Sales of payable metals
in concentrates: (b)
Copper in
concentrates
('000 tonnes) 136.2 202.1 244.8 174.6 203.1 298.6 377.7
Gold in
concentrates
('000 ounces) 408 517 911 833 1,062 959 1,895
Silver in concentrates
('000 ounces) 684 993 1,347 1,078 1,238 1,508 2,316
(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 second quarter of 2001, ore treated reached record levels and sales
of copper and gold in concentrates increased compared with the first
quarter of 2001 because of sales from 31 March, 2001 inventory. Production
and sales of copper and gold in concentrates in the second quarter of 2001
increased significantly compared with the corresponding period of 2000
because of higher ore grades and increased production rates.
Atlantic Copper smelter
Concentrate smelted
('000 tonnes) 238.5 245.2 187.9 205.5 195.3 483.2 400.8
Copper anodes
produced
('000 tonnes) (c) 76.1 74.5 58.4 65.3 60.9 157.0 126.2
Copper cathodes
produced
('000 tonnes) 65.6 66.8 60.0 60.8 47.2 130.8 108.0
Copper cathode
sales
('000 tonnes) (d) 66.7 65.0 61.2 61.5 58.6 128.9 120.1
(c) New metal excluding recycled material.
(d) Refers to copper cathode and wire rod sales.
Lower production and sales levels in the second quarter of 2001, compared
with the equivalent 2000 quarter, reflect the impact of a scheduled 27 day
major maintenance shutdown in April 2001.
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) 1,044 1,910 1,823 1,710 1,610 2,479 3,320
Average ore grades:
Gold (g/t) 2.53 2.39 2.33 2.60 2.49 2.47 2.55
Silver (g/t) 6.74 6.41 6.76 5.93 6.03 7.43 5.98
Production:
Gold
('000 ounces) 61 103 98 105 96 137 201
Silver
('000 ounces) 55 90 95 86 80 141 166
Sales:
Gold
('000 ounces) 53 102 84 112 98 130 210
Silver
('000 ounces) - 100 99 122 68 80 190
Unscheduled maintenance to the ball mill during the quarter resulted in
four weeks downtime and adversely impacted mill throughput.
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) 772 837 867 744 842 1,633 1,586
Leached
('000 tonnes) 1,458 2,625 2,584 2,186 4,896 2,176 7,082
Sold for roasting
('000 tonnes) - 26 102 77 99 13 176
Average ore grade:
Gold
Milled (g/t) 9.54 6.52 8.58 9.43 8.21 10.94 8.78
Leached (g/t) 0.62 0.90 1.43 1.23 1.20 0.65 1.21
Sold for roasting
(g/t) - 19.75 17.14 16.42 12.15 15.10 14.02
Gold produced
('000 ounces) 214 189 295 295 304 526 599
Ore treatment rates varied according to the areas being mined and the ore
type. Heap leach pad area and solution treatment capacity have been
expanded to increase gold production from leaching. Roast ore sales
returned to previous levels during the second quarter of 2001.
Greens Creek mine
Ore treated
('000 tonnes) 143 145 139 147 139 279 286
Average ore grades:
Gold (g/t) 6.97 7.00 7.10 7.23 6.74 7.20 6.99
Silver (g/t) 723 597 687 899 735 735 819
Zinc (%) 13.7 14.1 13.1 12.4 12.4 13.6 12.4
Lead (%) 5.2 5.3 5.3 5.1 4.7 5.2 4.9
Metals produced in concentrates:
Gold
('000 ounces) 21 19 21 23 21 43 44
Silver
('000 ounces) 2,531 1,977 2,229 3,252 2,555 5,031 5,807
Zinc
('000 tonnes) 16.0 16.2 14.4 14.2 13.8 30.1 28.0
Lead
('000 tonnes) 5.1 5.2 4.9 5.1 4.8 10.1 9.9
Mill throughput was lower in the second quarter as the result of a
scheduled nine day shutdown in June to install a larger SAG mill motor and
rebuild the mine access bridge. Various other maintenance and production
improvement projects were also completed during the shutdown. Metal grades
varied with the mining sequence.
Rawhide mine
Ore treated
('000 tonnes) 1,529 1,477 1,435 1,362 1,510 3,017 2,872
Average ore grades:
Gold (g/t) 0.93 0.75 0.87 0.99 0.99 0.96 0.99
Silver (g/t) 16.0 9.2 11.0 15.9 14.8 14.8 15.3
Metals produced in dore:
Gold
('000 ounces) 27 27 23 25 27 54 52
Silver
('000 ounces) 206 215 158 177 201 441 378
Mill throughput rates varied due to changing ore hardness, maintenance
requirements and haulage distance. Silver grade fluctuated as a result of
mining sequence. Gold and silver production reflected delays in recovery
from the leach pads due to higher stacking 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) 599 649 541 380 549 1,060 929
Average ore grade:
Gold (g/t) 2.99 3.44 3.12 2.64 3.52 2.74 3.16
Gold produced in
dore and concentrates
('000 ounces) 35 37 48 37 30 68 67
Gold production in the second quarter of 2001 was lower than in the second
quarter of 2000 and first quarter of 2001, principally due to timing of
flows from the heap leach pads.
Bingham Canyon Mine
Ore treated
('000 tonnes) 14,281 13,839 15,102 14,408 12,792 29,721 27,200
Average ore grade:
Copper (%) 0.58 0.58 0.63 0.63 0.82 0.55 0.72
Gold (g/t) 0.47 0.54 0.36 0.46 0.61 0.39 0.53
Silver (g/t) 2.78 3.09 2.71 2.91 4.07 2.64 3.46
Molybdenum
(%) 0.050 0.043 0.040 0.049 0.048 0.043 0.049
Copper concen-
trates produced
('000 tonnes) 262 274 326 296 312 537 608
Average concentrate
grade (% Cu) 28.1 25.6 24.9 26.9 29.6 26.6 28.3
Production of metals in copper concentrates:
Copper ('000 tonnes)
(a) 74.1 70.5 81.4 80.0 92.4 143.8 172.4
Gold
('000 ounces) 143 154 121 151 179 254 330
Silver
('000 ounces) 952 1,066 1,005 1,029 1,328 1,869 2,357
Molybdenum concentrates
produced
('000 tonnes): 5.4 4.5 4.2 5.1 3.8 9.7 8.9
Molybdenum in
concentrates
('000 tonnes) 3.0 2.5 2.3 2.8 2.2 5.4 5.0
Kennecott smelter & refinery
Copper concentrates
smelted
('000 tonnes) 246 251 296 212 236 525 448
Copper anodes produced
('000 tonnes)
(b) 58.0 66.3 73.9 61.0 65.1 128.6 126.1
Production of refined metal:
Copper
('000 tonnes) 61.1 65.8 71.9 67.0 56.3 131.0 123.3
Gold
('000 ounces) (c) 110 102 121 102 87 190 189
Silver
('000 ounces) (c) 709 912 821 657 834 1,485 1,491
(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 second quarter of 2001, production of all metals in concentrate,
except molybdenum, was higher than in the second quarter of 2000, and
first quarter of 2001, primarily due to mining in a higher ore grade area
and to a change in mine plan in response to the suspension of the North
concentrator operation. Molybdenum output in the second quarter of 2001
was lower than the second quarter of 2000 and first quarter of 2001
because of lower ore grade and recovery.
Smelter copper anode output was higher in the second quarter of 2001
compared with both the second quarter of 2000 and the first quarter of
2001, largely due to higher plant availability.
In the second quarter of 2001, refined copper and gold production was
lower than in the second quarter of 2000 and first quarter of 2001 mainly
due to the build up of the refinery tankhouse inventory, lower precious
metal plant equipment availability and timing of gold production from
intermediate products. Refined silver production in the second quarter of
2001 was higher than in the second quarter of 2000 and first quarter of
2001 primarily due to higher equipment availability and the 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) 841 838 943 962 864 1,632 1,826
Average ore grade:
gold (g/t) 5.64 6.37 6.63 6.64 6.59 5.46 6.62
Gold produced
('000 ounces) (b) 142 152 191 187 160 263 347
(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.
Second quarter production benefited from sustained higher grade ore, but
was restricted by lower plant availability than in the first quarter.
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 1,295 - 2,610
Average ore grade:
Copper (%) - 1.07 1.10 1.18 1.17 - 1.18
Gold (g/t) - 0.17 0.16 0.29 0.39 - 0.34
Copper concentrates
produced
('000 tonnes) - 16.8 32.1 35.5 35.2 - 70.7
Contained copper in
concentrates:
Saleable production
('000 tonnes) - 6.5 12.5 13.7 13.4 - 27.1
Sales
('000 tonnes)(b) - 6.6 7.9 9.3 14.5 - 23.8
Contained gold in
concentrates:
Saleable production
('000 ounces) - 2.8 4.8 9.3 12.7 - 22.0
Sales
('000 ounces) (b) - 2.8 2.7 5.4 12.0 - 17.4
(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.
Modified draw strategy has improved underground copper grades over last
year. Gold grades were higher as sourcing of mill feed from open cut pits
increased.
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) 6,547 6,814 6,514 4,167 2,745 12,409 6,912
Average ore grade
copper (%) 0.58 0.59 0.59 0.60 0.59 0.58 0.60
Copper concentrates
produced
('000 tonnes) 89.3 101.6 80.9 51.9 42.6 176.2 94.5
Average concentrate
grade
copper (%) 33.6 32.0 32.8 32.6 31.0 32.9 31.9
Copper in concentrates
('000 tonnes) 30.0 32.6 26.5 16.1 13.2 57.9 29.3
Palabora smelter/refinery
New concentrate
smelted on site
('000 tonnes) 51.3 87.8 83.9 75.5 77.0 110.2 152.4
New copper anodes
produced
('000 tonnes)(b) 14.6 27.7 30.3 25.8 19.7 32.2 45.5
Refined new copper
produced
('000 tonnes) 14.4 26.3 29.2 25.6 18.9 32.2 44.5
By-products:
Magnetite concentrate
('000 tonnes) 70 60 49 44 43 130 87
Uranium oxide
(tonnes) 19 34 28 13 10 33 23
Baddeleyite (several grades)
('000 tonnes) 2.2 1.6 2.2 1.7 1.3 4.1 2.9
Refined nickel sulphate
(tonnes) 32 46 82 74 59 135 133
Vermiculite Plant
Vermiculite produced
('000 tonnes) 48.0 56.9 64.1 36.1 34.9 87.4 70.9
(a) Rio Tinto increased its holding in Palabora from 46.5% to 48.6%
during the fourth quarter of 2000; it acquired a further 0.7% in July
2001.
(b) Contained copper in anodes; anode production includes a small amount
produced from purchased material.
Copper production was severely disrupted during the second quarter of 2001
by industrial action lasting 23 days. The presence of friable ore in the
open pit, low concentrate grades, low matte grades and low converter
availability also restricted production during the second quarter.
Uranium production was affected by lower feed grades associated with
deepening of the open pit. Magnetite production was reduced and no nickel
sulphate was produced during the industrial action. Vermiculite mining
from the lower benches where the higher grades are concentrated was
hampered by high water table levels following the rains in the first
quarter of 2001. Wet feed also adversely affected plant operations. Low
zirconia content in material from the copper pit reduced the quality of
feed to the baddeleyite plants; the plants were shut down during the
industrial action.
Peak Gold Mine
Total production and sales from the Peak Gold mine (Rio Tinto 100%) in New
South Wales, Australia.
Ore treated
('000 tonnes) 147 150 144 148 149 295 297
Average ore grades:
Gold (g/t) 8.04 8.06 5.98 4.55 6.60 7.43 5.58
Silver (g/t) 6.15 5.23 4.92 5.30 4.36 5.68 4.83
Copper (%) 0.36 0.37 0.46 0.38 0.50 0.38 0.44
Lead (%) 0.74 0.79 0.89 0.96 0.76 0.79 0.86
Zinc (%) 0.78 0.99 1.09 1.75 1.18 0.77 1.46
Bullion produced
('000 ounces) 41 39 28 22 32 72 54
Containing:
Gold
('000 ounces) 34 35 24 19 26 62 45
Silver
('000 ounces) 6 4 3 3 6 9 9
Gold recovered in
concentrates
('000 ounces) 1 2 2 1 3 5 4
Total gold production
('000 ounces) 35 37 26 20 29 67 49
Bullion sales
(fine gold)
('000 ounces) 34 30 25 22 22 66 44
Copper in concentrate ('000 tonnes):
Production 0.6 0.2 - 0.7 1.5 2.3 2.2
Sales 5.0 - 0.2 - - 5.0 -
Lead/zinc in concentrate ('000 tonnes):
Production 2.2 1.1 1.6 3.2 3.0 3.9 6.2
Sales 1.4 1.0 1.8 4.1 3.4 1.4 7.5
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) 4,933 5,051 4,785 3,938 3,868 9,909 7,806
Average ore grade:
gold (g/t) 0.49 0.48 0.48 0.47 0.47 0.48 0.47
Refined gold
produced
('000 ounces) 58 55 57 48 46 117 94
Production was lower in the first half of 2001 than in the first half of
2000, due to major maintenance on the four primary mills.
Rio Tinto Zimbabwe
Total production at Rio Tinto Zimbabwe's gold operations (Rio Tinto 56%)
in Zimbabwe.
(100% basis)
Cam Dump Reprocessing
Ore treated
('000 tonnes) 219 249 262 238 261 419 499
Average ore grade:
gold (g/t) 1.07 1.18 1.19 1.29 1.49 1.07 1.39
Total gold produced
('000 ounces) 2 2 3 3 2 4 5
Patchway mine (a)
Ore treated
('000 tonnes) 25 26 27 24 24 51 48
Average ore grade:
gold (g/t) 4.79 5.67 4.99 4.09 4.35 4.74 4.22
Total gold produced
('000 ounces) 3 4 4 3 3 7 6
Renco mine
Ore treated
('000 tonnes) 77 77 63 64 63 147 127
gold (g/t) 5.74 6.40 6.01 7.45 7.02 5.53 7.24
Total gold produced
('000 ounces) 13 13 11 14 12 23 26
Total Rio Tinto Zimbabwe
Total gold produced
('000 ounces) 17 19 17 19 17 33 36
(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) 538 402 250 581 551 1,037 1,131
Of which, treated to
extract tin
('000 tonnes) 80 63 40 57 59 144 116
Average ore grades:
Copper (%) 5.14 4.77 5.42 4.68 4.62 5.30 4.65
Tin (%) 1.83 1.64 0.81 1.48 1.51 1.54 1.49
Copper production:
Copper concentrates
produced
('000 tonnes) 99.7 68.7 48.0 94.5 89.7 202.4 184.2
Copper concentrate
grade
copper (%) 23.9 24.0 24.1 24.1 24.1 23.8 24.1
Copper in concentrates
produced
('000 tonnes) 23.9 16.5 11.6 22.8 21.6 48.2 44.4
Tin production:
Tin concentrates
produced
('000 tonnes) 1.0 0.7 0.1 0.4 0.8 1.5 1.2
Tin concentrate
Grade: tin (%) 54.2 52.0 51.1 55.7 55.9 53.1 55.9
Tin in concentrates
produced
('000 tonnes) 0.6 0.4 0.1 0.2 0.4 0.8 0.7
(a) Total ore treated for both copper and tin production.
COPPER & GOLD (continued)
2Q 3Q 4Q 1Q 2Q 1H 1H
2000 2000 2000 2001 2001 2000 2001
MORE TO FOLLOW