Rio Tinto 4QPR 2002
Rio Tinto PLC
22 January 2003
Rio Tinto Quarterly Production Report
For the Quarter Ending 31 December 2002
• Iron ore production in 2002 was similar to 2001. Australian iron ore
production and shipments continued at high levels in the fourth quarter of 2002.
Demand from China remained strong, as did demand for Hamersley's Yandi fines
from Japan and Korea. Hamersley established a new annual shipment record of 68.5
million tonnes, exceeding the previous record set in 2000 by two per cent.
Production and shipments from Robe in 2002 benefited from the West Angelas mine,
which was commissioned in August.
• Aluminium production in 2002 was four per cent higher than in 2001,
due to improved output at all smelters and the acquisition of additional equity
interest in the Boyne Island smelter in July 2002. Alumina production was 11 per
cent higher in 2002, reflecting the acquisition of increased equity in
Queensland Alumina in the third quarter of 2001.
• Coal production in 2002 was slightly higher than in 2001. Although
production from US operations in the fourth quarter was strong at 28.1 million
tonnes, annual production of 105.3 million tonnes was one per cent lower in
2002. Production for the year from Australian and Indonesian coal operations was
four per cent higher, mainly due to increased output from Kaltim Prima Coal.
• Mined copper production in 2002 was marginally lower than in 2001.
Fourth quarter 2002 production, compared with the equivalent period in 2001,
benefited from the higher copper grade at Grasberg and initial output from the
Escondida expansion.
• Mined gold production was 12 per cent lower in 2002 than in 2001, due
mainly to lower grades at a number of operations.
• Diamond production in 2002 was 29 per cent higher than in 2001, due
to higher ore grade mined at Argyle.
• Titanium dioxide feedstock production in 2002 was 11 per cent lower
than 2001 as production was curtailed in line with market demand; borates
production was down six per cent primarily as a result of inventory management.
For further information, please contact:
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Richard Brimelow Daphne Morros
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Website: www.riotinto.com
RIO TINTO PRODUCTION SUMMARY
RIO TINTO SHARE OF PRODUCTION
QUARTER FULL YEAR % CHANGE
2001 2002 2002 2001 2002 Q4 02 Q4 02 2002
Q4 Q3 Q4 vs vs vs
Principal Commodities Q3 02 Q4 01 2001
Alumina ('000 t) 519 487 479 1,761 1,947 -2% -8% 11%
Aluminium ('000 t) 196.3 202.0 208.4 765.6 795.4 3% 6% 4%
Borates ('000 t) 134 132 136 564 528 3% 1% -6%
Coal - Australian and ('000 t) 10,311 10,712 11,245 42,269 43,830 5% 9% 4%
Indonesian
Coal - US ('000 t) 28,337 25,385 28,063 106,661 105,320 11% -1% -1%
Copper - mined ('000 t) 205.8 214.4 243.8 904.1 887.1 14% 18% -2%
Copper - refined ('000 t) 100.4 99.0 105.1 361.2 416.9 6% 5% 15%
Diamonds ('000 cts) 7,950 9,046 9,964 26,100 33,620 10% 25% 29%
Gold - mined ('000 ozs) 830 890 814 3,577 3,135 -9% -2% -12%
Gold - refined ('000 ozs) 112 123 105 389 488 -15% -6% 25%
Iron ore ('000 t) 23,462 24,087 22,757 90,566 90,951 -6% -3% 0%
Titanium dioxide feedstock ('000 t) 341 309 319 1,427 1,274 3% -6% -11%
Other Metals & Minerals
Bauxite ('000 t) 2,968 2,984 3,000 11,795 11,724 1% 1% -1%
Lead - mined ('000 t) 9.8 12.7 9.8 38.8 40.4 -23% 0% 4%
Molybdenum ('000 t) 1.6 1.7 1.4 8.1 6.1 -18% -11% -25%
Nickel in matte (tonnes) 1,984 510 2,410 10,170 6,273 373% 21% -38%
Nickel - refined (tonnes) 892 987 829 3,719 3,594 -16% -7% -3%
Salt ('000 t) 1,322 1,223 1,255 4,248 4,667 3% -5% 10%
Silver - mined ('000 ozs) 4,272 4,427 4,269 17,703 17,207 -4% 0% -3%
Silver - refined ('000 ozs) 765 1,178 965 2,882 4,037 -18% 26% 40%
Talc ('000 t) 315 341 318 1,267 1,327 -7% 1% 5%
Tin (tonnes) 72 - 11 588 169 n/a -85% -71%
Uranium (tonnes) 1,252 1,353 1,311 4,705 4,955 -3% 5% 5%
Zinc - mined ('000 t) 27.1 24.7 24.8 102.5 94.7 0% -8% -8%
Zinc - refined ('000 t) - - - 20.4 - - - -
Throughout this report, figures in italics indicate adjustments made since the
figure was previously quoted on the equivalent page.
The figures shown for production are sometimes more precise than the rounded
numbers shown, hence small differences may result between the total of the
quarter figures and the full year figures.
RIO TINTO SHARE OF PRODUCTION
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
Interest 2001 2002 2002 2002 2002 2001 2002
ALUMINA
Production ('000 tonnes)
Eurallumina 56% 151 141 139 145 142 557 567
Queensland Alumina (a) 39% 368 352 350 342 337 1,204 1,380
Rio Tinto total alumina production 519 492 489 487 479 1,761 1,947
ALUMINIUM
Refined production ('000 tonnes)
Anglesey 51% 17.5 18.2 17.2 17.6 18.1 71.0 71.1
Bell Bay 100% 40.4 40.3 39.9 41.6 42.1 160.8 163.9
Boyne Island (b) 59% 73.4 67.0 71.0 77.3 79.4 277.5 294.6
Tiwai Point 79% 65.0 65.6 65.9 65.6 68.8 256.2 265.9
Rio Tinto total aluminium production 196.3 191.1 193.9 202.0 208.4 765.6 795.4
BAUXITE
Production ('000 tonnes)
Boke 4% 55 122 121 121 118 469 482
Weipa 100% 2,913 2,759 2,738 2,863 2,882 11,326 11,241
Rio Tinto total bauxite production 2,968 2,881 2,859 2,984 3,000 11,795 11,724
BORATES
Borates ('000 tonnes B2O3 content)
Rio Tinto total borate production 100% 134 130 130 132 136 564 528
COAL Coal
Australian coal operations ('000 type
tonnes)
Coal & Allied Industries (c):
Bengalla (d) 30% S 423 275 493 359 459 1,418 1,587
Hunter Valley Operations 76% S 1,933 1,419 1,831 1,791 1,716 5,945 6,756
76% M 633 767 659 465 640 2,913 2,531
Mount Thorley Operations 61% S 376 362 340 363 386 1,373 1,451
61% M 313 327 295 229 221 1,255 1,073
Moura (d) 0% S 184 268 139 - - 867 407
0% M 247 323 230 - - 1,080 552
Narama (d) 0% S 162 135 - - - 789 135
Ravensworth East (d) 0% S 332 281 - - - 1,096 281
Warkworth (d) 42% S 463 647 570 582 787 2,070 2,586
42% M 57 72 75 66 18 221 231
Pacific Coal:
Blair Athol Coal 71% S 1,329 2,130 1,846 2,407 2,030 7,546 8,412
Kestrel Coal 80% S 185 259 322 274 494 962 1,348
80% M 287 505 501 383 536 1,654 1,925
Tarong Coal 100% S 1,333 1,314 1,422 1,254 1,695 5,276 5,685
Total Australian coal 8,256 9,083 8,724 8,172 8,981 34,464 34,960
Indonesian coal operations ('000 tonnes)
Kaltim Prima Coal (e) 50% S 2,055 1,938 2,128 2,540 2,264 7,806 8,870
US coal operations ('000 tonnes)
Kennecott Energy
Antelope 100% S 6,038 5,335 6,075 6,452 6,457 22,344 24,319
Colowyo (f) 100% S 1,271 1,177 1,309 1,229 1,174 5,231 4,889
Cordero Rojo 100% S 10,453 9,100 8,990 7,474 9,160 39,452 34,724
Decker 50% S 1,133 1,072 1,046 1,196 1,198 4,255 4,511
Jacobs Ranch 100% S 7,067 6,869 6,593 7,315 8,007 26,612 28,784
Spring Creek 100% S 2,375 2,300 2,007 1,719 2,067 8,767 8,093
Total US coal 28,337 25,853 26,020 25,385 28,063 106,661 105,320
Rio Tinto total coal production 38,648 36,874 36,872 36,097 39,307 148,930 149,149
Mine production figures for metals refer to the total quantity of metal produced
in concentrates or dore bullion irrespective of whether these products are
then refined on-site.
Key to coal type: S = Steaming/ thermal coal, M = Metallurgical/ coking coal.
See footnotes on page 6.
RIO TINTO SHARE OF PRODUCTION (continued)
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
Interest 2001 2002 2002 2002 2002 2001 2002
COPPER
Mine production ('000 tonnes)
Alumbrera (g) 25% 12.3 12.8 12.8 11.5 13.9 47.9 50.9
Bingham Canyon 100% 67.2 62.5 64.3 64.4 69.0 312.7 260.2
Escondida 30% 53.2 48.7 61.0 47.9 68.7 232.4 226.3
Grasberg - FCX (h) 15% 21.2 21.0 26.4 30.0 30.1 93.5 107.5
Grasberg - Joint Venture (h) 40% 19.1 28.4 39.1 39.6 40.9 94.4 148.0
Neves Corvo 49% 10.5 9.0 10.8 8.5 9.5 40.6 37.8
Northparkes 80% 11.0 9.5 8.4 6.7 6.1 44.1 30.7
Palabora (i) 49% 11.2 8.6 5.5 6.0 5.6 38.4 25.7
Rio Tinto total mine production 205.8 200.6 228.3 214.4 243.8 904.1 887.1
Refined production ('000 tonnes)
Atlantic Copper (h) 17% 10.7 10.3 10.5 10.2 10.5 39.1 41.5
Escondida 30% 11.4 11.0 11.3 9.3 10.0 45.3 41.6
Kennecott Utah Copper 100% 67.3 74.9 76.1 68.1 74.6 234.3 293.7
Palabora (i) 49% 11.0 8.0 10.8 11.3 10.0 42.5 40.2
Rio Tinto total refined production 100.4 104.2 108.7 99.0 105.1 361.2 416.9
DIAMONDS
Production ('000 carats)
Argyle (j) 100% 7,929 6,143 8,411 9,013 9,936 26,045 33,503
Merlin 100% 20 34 22 33 28 55 117
Rio Tinto total diamond production 7,950 6,177 8,433 9,046 9,964 26,100 33,620
GOLD
Mine production ('000 ounces)
Alumbrera (g) 25% 47 51 49 40 48 168 188
Barneys Canyon 100% 41 27 22 16 10 140 75
Bingham Canyon 100% 120 125 95 103 89 592 412
Cortez/Pipeline 40% 118 111 118 101 102 475 433
Escondida 30% 8 8 12 7 11 30 38
Grasberg - FCX (h) 15% 70 52 69 131 103 388 355
Grasberg - Joint Venture (h) 40% 199 86 141 208 227 880 662
Greens Creek 70% 15 17 20 18 18 62 72
Kelian 90% 110 103 115 158 109 408 485
Lihir 16% 20 24 25 22 27 105 99
Morro do Ouro 51% 24 28 30 30 27 95 115
Northparkes 80% 9 9 8 9 7 33 33
Peak (g) 100% 25 27 20 30 20 101 97
Rawhide 51% 12 12 11 9 10 52 42
Rio Tinto Zimbabwe 56% 8 6 6 5 4 38 21
Others - 3 2 2 2 2 10 8
Rio Tinto total mine production 830 687 745 890 814 3,577 3,135
Refined production ('000 ounces)
Kennecott Utah Copper 100% 112 127 133 123 105 389 488
IRON ORE
Production ('000 tonnes)
Channar 60% 1,929 1,517 1,446 1,454 1,940 6,653 6,356
Corumba 100% 164 104 201 282 271 642 858
Hamersley 100% 15,149 14,653 14,078 15,711 13,121 58,828 57,563
Iron Ore Company of Canada (k) (l) 59% 1,841 1,815 2,189 1,296 1,868 8,169 7,168
Robe River 53% 4,379 4,418 3,686 5,345 5,558 16,274 19,006
Rio Tinto total mine production 23,462 22,507 21,600 24,087 22,757 90,566 90,951
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.
See footnotes on page 6.
RIO TINTO SHARE OF PRODUCTION (continued)
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
Interest 2001 2002 2002 2002 2002 2001 2002
LEAD
Mine production ('000 tonnes)
Greens Creek 70% 3.7 3.7 4.6 3.5 3.8 14.3 15.7
Zinkgruvan 100% 6.1 4.7 4.9 9.2 6.0 24.5 24.7
Rio Tinto total mine production 9.8 8.4 9.5 12.7 9.8 38.8 40.4
MOLYBDENUM
Mine production ('000 tonnes)
Bingham Canyon 100% 1.6 1.7 1.3 1.7 1.4 8.1 6.1
NICKEL
Nickel in matte (tonnes)
Fortaleza 100% 1,984 2,063 1,290 510 2,410 10,170 6,273
Toll refined metal production (tonnes)
Rio Tinto Zimbabwe - Empress 56% 892 943 835 987 829 3,719 3,594
SALT
Production ('000 tonnes)
Dampier Salt 65% 1,322 1,103 1,085 1,223 1,255 4,248 4,667
SILVER
Mine production ('000 ounces)
Bingham Canyon 100% 1,042 1,032 924 866 841 4,475 3,663
Escondida 30% 212 209 244 182 259 959 894
Grasberg - FCX (h) 15% 141 151 201 233 219 700 804
Grasberg - Joint Venture (h) 40% 193 115 193 264 470 641 1,043
Greens Creek 70% 1,809 1,960 2,029 1,955 1,724 7,703 7,668
Zinkgruvan 100% 427 324 302 545 383 1,496 1,554
Others - 447 401 425 383 372 1,729 1,582
Rio Tinto total mine production 4,272 4,192 4,318 4,427 4,269 17,703 17,207
Refined production ('000 ounces)
Kennecott Utah Copper 100% 765 790 1,104 1,178 965 2,882 4,037
TALC
Production ('000 tonnes)
Luzenac Group 99.9% 315 322 346 341 318 1,267 1,327
TIN
Mine production (tonnes)
Neves Corvo 49% 72 123 36 - 11 588 169
TITANIUM DIOXIDE FEEDSTOCK
Production ('000 tonnes)
Rio Tinto Iron & Titanium 100% 341 328 318 309 319 1,427 1,274
URANIUM
Production (tonnes U3O8)
Energy Resources of Australia 68% 790 650 668 773 977 2,880 3,068
Palabora (i) 49% - - - - - 15 -
Rossing 69% 462 510 463 580 335 1,811 1,887
Rio Tinto total uranium production 1,252 1,160 1,131 1,353 1,311 4,705 4,955
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. The nickel in matte production reflects the contained tonnage
of nickel.
See footnotes on page 6.
RIO TINTO SHARE OF PRODUCTION (continued)
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
Interest 2001 2002 2002 2002 2002 2001 2002
ZINC
Mine production ('000 tonnes)
Greens Creek 70% 10.5 11.4 12.4 11.1 11.9 40.7 46.7
Zinkgruvan 100% 16.6 11.1 10.4 13.6 12.9 61.8 48.0
Rio Tinto total mine production 27.1 22.5 22.8 24.7 24.8 102.5 94.7
Refined production ('000 tonnes)
Norzink (m) 0% - - - - - 20.4 -
(a) Comalco increased its holding in Queensland Alumina Limited from 30.3% to
38.6%, with effect from September 2001.
(b) Comalco acquired an approximately 5% additional interest in production from
the Boyne Island smelter with effect from August 2002.
(c) Rio Tinto increased its stake in Coal & Allied from 70.9% to 72.7% during
March 2001 and to 75.7% on 17 September 2002.
(d) Production data are shown from 29 January 2001, the effective date of Coal &
Allied's acquisition of the Australian coal businesses of the Peabody Group.
Effective on the same date, Coal & Allied acquired an additional 11.8% interest
in the Warkworth mine.
On 14 March 2002, Coal & Allied completed the sale of its interests in Narama
and Ravensworth. Coal & Allied sold its interest in the Moura coal mine with
effect from 24 May 2002. Production data are shown up to the dates of sale.
(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 signed a non-binding letter of intent on 15 January 2003 to sell
its 25% interest in Minera Alumbrera together with its wholly owned Peak Gold
Mine.
(h) Through its interest in Freeport-McMoRan-Copper & Gold (FCX), Rio Tinto had,
as of 31 December 2002, a 15.0% share in the Grasberg mine and a 16.5% share in
Atlantic Copper. Through a joint venture agreement with FCX, Rio Tinto is
entitled, as shown separately in the above tables, to 40% of additional material
mined as a consequence of the expansion of the Grasberg facilities in 1998.
(i) In July 2001, Rio Tinto increased its holding in Palabora from 48.6% to
49.2%.
(j) Rio Tinto's interest in the Argyle Diamond mine increased from 99.8% to 100%
on 29 April 2002, following the purchase of the outstanding units in the Western
Australian Diamond Trust.
(k) During the first half of 2001, Rio Tinto acquired 20.3% of the Labrador Iron
Ore Royalty Income Fund. 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.
(l) Rio Tinto increased its shareholding in Iron Ore Company Canada from 56.1%
to 58.7% on 20 December 2002.
(m) Rio Tinto completed the sale of its interest in Norzink on 17 April 2001.
Where Rio Tinto's beneficial interest in an operation has changed, as indicated
above, the share of production has been calculated using the weighted average
interest over the relevant periods.
OPERATIONAL DATA
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2001 2002 2002 2002 2002 2001 2002
ALUMINIUM
Anglesey Aluminium
Total production at Anglesey Aluminium (Rio Tinto 51%) in the
UK.
(100% basis)
Aluminium hot metal production ('000 tonnes) 34.2 35.7 33.7 34.4 35.6 139.3 139.3
Comalco
Total production at Weipa (Rio Tinto 100%) in Australia; Boke (Rio Tinto 4%) in
Guinea; Eurallumina (Rio Tinto 56.2%) in Italy; Queensland Alumina (Rio Tinto
38.6% (a)) in Australia; Bell Bay (Rio Tinto 100%) in Australia; Boyne Island
(Rio Tinto 59.4% (b)) in Australia and Tiwai Point (Rio Tinto 79.4%) in New
Zealand.
(100% basis)
Weipa mine, Queensland
Beneficiated bauxite production ('000 tonnes) 2,913 2,759 2,738 2,863 2,882 11,326 11,241
Metal grade bauxite shipments ('000 tonnes) 2,831 2,730 2,783 2,737 2,882 11,008 11,132
Calcined bauxite production ('000 tonnes) 23 49 41 22 30 146 142
Boke mine
Bauxite production ('000 tonnes) 2,790 2,857 2,884 3,176 3,113 11,987 12,030
Eurallumina, Sardinia
Alumina production ('000 tonnes) 269 251 248 259 253 993 1,010
Queensland Alumina, Queensland (a)
Alumina production ('000 tonnes) 953 911 906 884 873 3,624 3,574
Bell Bay, Tasmania
Primary aluminium production ('000 tonnes) 40.4 40.3 39.9 41.6 42.1 160.8 163.9
Boyne Island, Queensland (b)
Primary aluminium production ('000 tonnes) 131.5 125.1 130.2 133.1 131.8 508.9 520.2
Tiwai Point
Primary aluminium production ('000 tonnes) 81.2 82.4 82.5 84.3 84.7 322.3 333.9
Sales of aluminium attributable to Comalco ('000 tonnes) 165.4 177.4 178.9 174.4 187.7 689.9 718.4
(a) Comalco increased its shareholding in Queensland Alumina Limited from 30.3%
to 38.6% with effect from September 2001.
(b) Comalco acquired an approximately 5% additional interest in production from
the Boyne Island smelter with effect from August 2002.
Weipa production in 2002 was marginally lower than in 2001, largely reflecting
reduced demand for traded bauxite.
2002 alumina production at Queensland Alumina was slightly lower than in 2001,
reflecting the use of a low silica monohydrate bauxite which requires less
caustic soda. Production was also affected by unexpected boiler and power
outages in the second half of 2002.
In 2002, aluminium production at all smelters increased compared with 2001
reflecting improved production efficiencies and increased cell availability.
Boyne Island production in the fourth quarter of 2002 was slightly below the
third quarter of 2002 due to a high anode changeout rate and lower current
efficiency.
Aluminium sales for 2002 were markedly higher than in 2001, reflecting increased
smelter production levels, a reduction in inventory build up that occurred in
the fourth quarter of 2001 and additional metal entitlements from the
acquisition of an additional interest in the Boyne Island smelter in the third
quarter of 2002.
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) 134 130 130 132 136 564 528
(a) Production is expressed as B2O3 content.
Production during 2002 returned to normal levels following high production in
the first part of 2001 for inventory management purposes.
OPERATIONAL DATA
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2001 2002 2002 2002 2002 2001 2002
COAL
Coal & Allied Industries Limited (a)
Total production and sales from the Bengalla mine (Rio Tinto 30%); Hunter Valley
Operations (Rio Tinto 76%); the Mount Thorley Operations (Rio Tinto 61%); the
Narama mine (Rio Tinto 0%); the Ravensworth East mine (Rio Tinto 0%) and the
Warkworth mine (Rio Tinto 42%), all in New South Wales, and the Moura mine (Rio
Tinto 0%) in Queensland, Australia.
(100% basis)
Bengalla mine (b)
Thermal coal production ('000 tonnes) 1,454 944 1,696 1,228 1,517 4,894 5,385
Hunter Valley Operations
Thermal coal production ('000 tonnes) 2,659 1,951 2,518 2,448 2,266 8,209 9,183
Semi-soft coking coal production ('000 tonnes) 871 1,055 907 636 845 4,034 3,442
Mount Thorley Operations
Thermal coal production ('000 tonnes) 648 623 584 621 637 2,376 2,465
Semi-soft coking coal production ('000 tonnes) 540 562 508 392 365 2,171 1,827
Moura mine (b) (c)
Thermal coal production ('000 tonnes) 459 670 348 - - 2,175 1,018
Semi-soft coking coal production ('000 tonnes) 438 577 377 - - 2,275 954
Coking coal production ('000 tonnes) 179 230 197 - - 438 427
Narama mine (b) (c)
Thermal coal production ('000 tonnes) 445 370 - - - 2,177 370
Ravensworth East mine (b) (c)
Thermal coal production ('000 tonnes) 457 387 - - - 1,511 387
Warkworth mine (b)
Thermal coal production ('000 tonnes) 1,145 1,602 1,411 1,430 1,871 5,141 6,314
Semi-soft coking coal production ('000 tonnes) 140 178 186 162 42 550 568
Total Coal & Allied
Total coal production ('000 tonnes) 9,435 9,149 8,732 6,915 7,544 35,951 32,340
Total sales ('000 tonnes) (d) 9,503 8,786 8,425 6,851 7,486 35,713 31,549
(a) Rio Tinto increased its stake in Coal & Allied from 70.9% to 72.7% during
March 2001 and to 75.7% on 17 September 2002.
(b) Coal & Allied purchased the Australian coal businesses of the Peabody Group
(see note (c)) effective 29 January 2001. Effective on the same date Coal &
Allied acquired an additional 11.8% interest in the Warkworth mine.
(c) The sale of Coal & Allied's share of Narama and Ravensworth was completed on
14 March 2002. Coal & Allied sold its interest in the Moura coal mine with
effect from 24 May 2002.
(d) Sales relate only to coal mined by the operations and exclude traded coal.
Coal production for the fourth quarter of 2002 was down compared with the fourth
quarter of 2001, reflecting the sale of the Ravensworth East, Narama and Moura
mines. Production at the remaining mines increased, specifically at Bengalla and
Warkworth in the fourth quarter of 2002, when compared with the third quarter of
2002. The increase in coal production at Bengalla was due to the mining
sequence. At Warkworth, the increase was due to increased bypass coal
production. Production from Hunter Valley Operations reflected the decision to
reduce production in the second half of 2002 to align better to market
conditions.
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) 4,110 3,877 4,256 5,080 4,527 15,611 17,740
Shipments ('000 tonnes) 4,505 3,859 3,546 4,871 4,911 15,641 17,187
Production at Kaltim Prima Coal in 2002 was 14% above production in 2001. The
increase was due to better performance of major equipment and increased overland
conveyor capacity.
OPERATIONAL DATA
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2001 2002 2002 2002 2002 2001 2002
COAL (continued)
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) 6,038 5,335 6,075 6,452 6,457 22,344 24,319
Colowyo mine
Thermal coal production ('000 tonnes) 1,271 1,177 1,309 1,229 1,174 5,231 4,889
Cordero Rojo mine
Thermal coal production ('000 tonnes) 10,453 9,100 8,990 7,474 9,160 39,452 34,724
Decker mine
Thermal coal production ('000 tonnes) 2,266 2,143 2,092 2,391 2,395 8,510 9,021
Jacobs Ranch mine
Thermal coal production ('000 tonnes) 7,067 6,869 6,593 7,315 8,007 26,612 28,784
Spring Creek mine
Thermal coal production ('000 tonnes) 2,375 2,300 2,007 1,719 2,067 8,767 8,093
Total Kennecott Energy
Total coal production ('000 tonnes) 29,470 26,924 27,066 26,580 29,260 110,916 109,830
Cordero Rojo's 2002 production suffered due to unusually heavy rainfall combined with highwall instability
issues.
Pacific Coal
Total production and sales from the Blair Athol Coal mine (Rio Tinto 71.2%), the
Kestrel Coal mine (Rio Tinto 80%) and the Tarong Coal mine (Rio Tinto 100%) all
in Queensland, Australia.
(100% basis)
Blair Athol Coal mine
Thermal coal:
Production ('000 tonnes) 1,865 2,990 2,591 3,379 2,849 10,592 11,809
Sales ('000 tonnes) 1,814 3,549 2,429 3,413 2,913 10,310 12,304
Kestrel Coal mine
Thermal coal:
Production ('000 tonnes) 231 323 403 342 617 1,202 1,685
Sales ('000 tonnes) 225 100 169 101 135 645 505
Coking coal:
Production ('000 tonnes) 359 631 626 479 670 2,068 2,406
Sales ('000 tonnes) 312 298 456 330 394 1,644 1,478
Semi-hard coking coal: (a)
Sales ('000 tonnes) 457 196 485 567 380 1,235 1,628
Tarong Coal mine
Thermal coal:
Production ('000 tonnes) 1,333 1,314 1,422 1,254 1,695 5,276 5,685
Sales ('000 tonnes) 1,474 1,242 1,273 1,404 1,503 5,321 5,422
Total Pacific Coal
Total coal production ('000 tonnes) 3,788 5,258 5,042 5,453 5,831 19,138 21,585
(a) Semi-hard coking coal is a mixture of thermal coal and coking coal. The
product mix is customer dependent.
Sales at Blair Athol were higher in 2002 than in 2001, due to the second half of
2001 being affected by port and rail capacity restrictions.
Kestrel production for 2002 compared favourably with 2001, with longwall
equipment reliability issues resolved and improved mining conditions in the
second and fourth quarters. Production in the third quarter of 2002 was affected
by a longwall changeover and associated commissioning.
Tarong production was higher in 2002 than 2001, as stockpiles were increased in
anticipation of demand from the new Tarong North power station.
OPERATIONAL DATA
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2001 2002 2002 2002 2002 2001 2002
COPPER & GOLD
Alumbrera
Total production and sales at the Bajo de la Alumbrera mine (Rio Tinto 25% (a)) in Argentina.
(100% basis)
Ore treated ('000 tonnes) 7,142 7,145 7,676 8,033 8,704 29,181 31,558
Average ore grades:
Copper (%) 0.74 0.76 0.75 0.62 0.69 0.72 0.70
Gold (g/t) 1.05 1.11 1.02 0.78 0.85 0.95 0.93
Concentrates produced ('000 tonnes) 178.3 183.4 187.4 168.0 204.7 690.5 743.5
Copper in concentrates:
Production ('000 tonnes) 49.2 51.0 51.2 45.9 55.6 191.6 203.7
Sales ('000 tonnes) 53.6 50.9 49.0 41.1 53.0 187.8 194.0
Production of gold in concentrates ('000 ounces) 178 188 183 148 176 637 694
Production of gold in dore ('000 ounces) 10 15 15 13 17 36 60
Total gold sales ('000 ounces) 200 202 191 148 187 657 729
(a) see note (g) on page 6.
Escondida
Total production at the Escondida mine (Rio Tinto 30%) in Chile.
(100% basis)
Sulphide ore treated ('000 tonnes) 10,060 10,452 11,312 10,141 14,631 43,042 46,536
Average copper grade (%) 1.72 1.53 1.74 1.45 1.59 1.81 1.58
Mill production (metals in concentrates):
Contained copper ('000 tonnes) 144.4 134.9 170.3 125.6 191.8 643.1 622.6
Contained gold ('000 ounces) 28 27 41 23 35 101 126
Contained silver ('000 ounces) 705 698 813 606 864 3,198 2,981
Oxide ore treated ('000 tonnes) 3,225 3,054 3,240 3,316 3,164 12,241 12,774
Average copper grade (%) 1.01 0.91 1.02 1.03 1.18 1.07 1.04
Contained copper in leachate/mined material ('000 33 28 33 34 37 132 132
tonnes)
Refined production:
Oxide plant production ('000 tonnes) 38.1 36.8 37.5 31.1 33.3 151.0 138.7
Escondida mill production for the fourth quarter of 2002 reflected the start up
of the new Laguna Seca concentrator. Lower ore grades during the year were in
line with the previously announced plan to reduce copper production at
Escondida.
OPERATIONAL DATA
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2001 2002 2002 2002 2002 2001 2002
COPPER & GOLD (continued)
Freeport-McMoRan Copper & Gold
Total production and sales at the Grasberg mine (Rio Tinto 15.0% (a)) in Papua,
Indonesia, and the Atlantic Copper smelter (Rio Tinto 16.5%) in Spain.
(100% basis)
Grasberg mine
Ore treated ('000 tonnes) 21,780 21,979 21,806 20,220 21,996 86,787 86,001
Average mill head grades:
Copper (%) 0.89 0.90 1.14 1.31 1.23 1.00 1.14
Gold (g/t) 1.03 0.73 0.98 1.85 1.44 1.41 1.24
Silver (g/t) 2.99 2.76 3.63 4.01 4.05 3.20 3.60
Production of metals in concentrates:
Copper in concentrates ('000 tonnes) 167.8 167.9 215.1 239.8 241.6 749.4 864.4
Gold in concentrates ('000 ounces) 693 432 599 1,086 913 3,596 3,030
Silver in concentrates ('000 ounces) 1,184 1,120 1,532 1,822 1,928 5,545 6,402
Sales of payable metals in concentrates: (b)
Copper in concentrates ('000 tonnes) 166.6 161.7 194.2 242.6 234.6 726.1 833.2
Gold in concentrates ('000 ounces) 700 420 516 1,096 902 3,499 2,934
Silver in concentrates ('000 ounces) 934 863 1,090 1,476 1,487 4,280 4,916
(a) See note (h) on page 6 for details of Rio Tinto's 15.0% interest in Grasberg
and 40% interest in the expansion.
(b) Net of smelter deductions.
In the fourth quarter of 2002, copper production and sales were similar to the
third quarter of 2002. Gold production and sales declined in the fourth quarter
of 2002 because of lower average mill head grades compared with the third
quarter of 2002. Copper and gold production and sales for the fourth quarter of
2002 were much improved, when compared with the fourth quarter of 2001, because
of higher average mill head grades.
Atlantic Copper smelter
Concentrates and scrap smelted ('000 tonnes) 250.2 258.3 242.5 258.2 257.7 891.1 1,016.7
Copper anodes produced ('000 tonnes) (c) 76.8 77.2 69.0 74.6 77.2 280.0 298.0
Copper cathodes produced ('000 tonnes) 64.3 61.8 63.6 61.5 63.5 235.3 250.5
Copper cathode sales ('000 tonnes) (d) 66.7 61.6 63.7 62.2 65.0 249.4 252.4
(c) New metal excluding recycled material.
(d) Refers to copper cathode and wire rod sales.
Atlantic Copper reported record annual concentrates and scrap smelted and record
copper anodes production for the full year 2002.
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) 1,893 1,716 1,857 1,787 1,953 7,002 7,313
Average ore grades:
Gold (g/t) 2.71 2.62 2.71 3.83 2.66 2.69 2.95
Silver (g/t) 5.42 4.92 5.09 5.92 4.55 5.76 5.11
Production:
Gold ('000 ounces) 123 114 128 176 121 453 539
Silver ('000 ounces) 85 88 89 96 75 338 348
Sales:
Gold ('000 ounces) 134 109 125 154 154 466 542
Silver ('000 ounces) - - 256 129 115 190 500
Ore treated in the fourth quarter of 2002 was higher than in the previous
quarter due to increased plant availability. Maintenance was performed on
cracking in the ball mill shell during the third quarter. Gold grade and
production was lower in the fourth quarter of 2002 than in the previous quarter
due to a reduction in the percentage of high grade ore feed direct from the pit.
OPERATIONAL DATA
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2001 2002 2002 2002 2002 2001 2002
COPPER & GOLD (continued)
Kennecott Minerals Company
Total production at the mines of Kennecott Minerals Company in the US; Cortez/
Pipeline (Rio Tinto 40%) in Nevada; Greens Creek (Rio Tinto 70%) in Alaska and
Rawhide (Rio Tinto 51%) in Nevada.
(100% basis)
Cortez/Pipeline mine
Ore treated
Milled ('000 tonnes) 829 825 837 873 868 3,199 3,403
Leached ('000 tonnes) 3,797 3,804 2,339 1,770 2,924 15,554 10,837
Sold for roasting ('000 tonnes) 101 102 96 13 82 390 293
Average ore grade: gold
Milled (g/t) 9.23 8.29 8.19 7.17 6.14 8.81 7.43
Leached (g/t) 1.00 1.10 0.99 0.98 1.00 1.10 1.03
Sold for roasting (g/t) 7.84 8.50 8.77 7.96 8.66 10.34 8.61
Gold produced ('000 ounces) 295 278 296 252 256 1,188 1,082
Ore treatment rates and grades varied according to areas being mined and ore
type. Roast ore sales resumed in November 2002 under new contract terms, after
being suspended in July 2002. The new 1.6 million square metre leach pad and
carbon plant began operations during the third quarter, with ore placement
increasing over time.
Greens Creek mine
Ore treated ('000 tonnes) 157 160 167 168 170 597 665
Average ore grades:
Gold (g/t) 6.36 6.51 7.57 6.93 6.81 6.65 6.96
Silver (g/t) 673 722 688 701 595 746 676
Zinc (%) 11.7 12.5 13.3 11.8 12.4 12.1 12.5
Lead (%) 4.6 4.7 5.3 4.4 4.4 4.8 4.7
Metals produced in concentrates:
Gold ('000 ounces) 22 24 29 25 25 88 103
Silver ('000 ounces) 2,575 2,789 2,887 2,782 2,454 10,964 10,912
Zinc ('000 tonnes) 14.9 16.2 17.6 15.8 16.9 58.0 66.5
Lead ('000 tonnes) 5.2 5.3 6.6 5.0 5.4 20.3 22.3
Mill throughput continued to increase in the fourth quarter of 2002 due to
optimization efforts. Zinc concentrate production increased as efforts were
focused on the reduction of outstanding customer commitments. Cemented backfill
placement continued to increase in the fourth quarter of 2002. Silver grades
declined in the fourth quarter of 2002 due to mine sequencing.
Rawhide mine
Ore treated ('000 tonnes) 1,433 1,407 1,313 1,330 1,335 5,723 5,385
Average ore grades:
Gold (g/t) 0.86 1.03 1.11 1.01 0.69 0.96 0.96
Silver (g/t) 15.9 14.2 14.8 14.4 13.3 16.4 14.2
Metals produced in dore:
Gold ('000 ounces) 24 23 22 18 19 101 82
Silver ('000 ounces) 175 193 212 149 134 730 688
Gold and silver grades dropped as a result of the completion of mining in mid
October 2002, with lean ore stockpile material being processed thereafter. Ore
processing rates varied due to continued ore extraction constraints in the final
benches of the mine, ore hardness and maintenance requirements. Lower gold and
silver production was the result of higher stacking, lowered pad permeability
and the temporary reduction of available area for leach until stacking is
complete.
OPERATIONAL DATA
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2001 2002 2002 2002 2002 2001 2002
COPPER & GOLD (continued)
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) 432 102 - - - 2,000 102
Average ore grade: gold (g/t) 3.15 1.17 - - - 3.33 1.17
Gold produced in dore and concentrates ('000 ounces) 41 27 22 16 10 140 75
Gold production in the fourth quarter of 2002 was lower than in the third
quarter of 2002 and the fourth quarter of 2001 principally due to timing of
flows from the heap leach pads. Mining operations ceased in December 2001.
Crushing operations have ceased as inventory has been liquidated.
Bingham Canyon mine
Ore treated ('000 tonnes) 10,203 9,999 9,840 10,256 10,625 48,566 40,720
Average ore grade:
Copper (%) 0.73 0.69 0.70 0.67 0.71 0.73 0.69
Gold (g/t) 0.55 0.57 0.41 0.43 0.36 0.54 0.44
Silver (g/t) 3.99 3.93 3.50 3.22 3.02 3.67 3.42
Molybdenum (%) 0.035 0.039 0.034 0.037 0.026 0.042 0.034
Copper concentrates produced ('000 tonnes) 239 219 251 243 279 1,108 992
Average concentrate grade (% Cu) 28.0 28.5 25.5 26.5 24.6 28.1 26.2
Production of metals in copper concentrates:
Copper ('000 tonnes) (a) 67.2 62.5 64.3 64.4 69.0 312.7 260.2
Gold ('000 ounces) 120 125 95 103 89 592 412
Silver ('000 ounces) 1,042 1,032 924 866 841 4,475 3,663
Molybdenum concentrates produced ('000 tonnes): 2.8 3.0 2.5 3.1 2.6 14.5 11.2
Molybdenum in concentrates ('000 tonnes) 1.6 1.7 1.3 1.7 1.4 8.1 6.1
Kennecott smelter & refinery
Copper concentrates smelted ('000 tonnes) 271 258 279 259 300 975 1,096
Copper anodes produced ('000 tonnes) (b) 76.0 76.7 74.6 63.4 79.0 244.2 293.7
Production of refined metal:
Copper ('000 tonnes) 67.3 74.9 76.1 68.1 74.6 234.3 293.7
Gold ('000 ounces) (c) 112 127 133 123 105 389 488
Silver ('000 ounces) (c) 765 790 1,104 1,178 965 2,882 4,037
(a) Includes a small amount of copper in precipitates.
(b) New metal excluding recycled material.
(c) Includes gold and silver in intermediate products.
Mine production of all products for 2002 was less than in 2001 principally due
to lower throughput associated with the June 2001 closure of the North
Concentrator and lower ore grades. Fourth quarter 2002 mine production of copper
was higher than in the fourth quarter of 2001. Higher throughput and recovery
more than offset lower copper ore grade. Compared with the third quarter of
2002, copper output was higher due to better grade and higher throughput. As
previously announced, by-product grades at KUC will be significantly lower in
2003. This decrease in grades started in the fourth quarter of 2002.
Smelter and refinery performance improved in the fourth quarter and for the year
2002 compared with the same periods in 2001 due largely to higher plant
availability. Compared with the third quarter of 2002, copper output was also
higher due largely to favourable plant availability following a short
maintenance shutdown in August. Silver output for the fourth quarter of 2002 was
lower than in the same period of 2001 due to lower ore grade and timing of
output from in-process inventories. Silver output for the year 2002 was higher
than 2001 largely due to favourable output from in-process inventories. Gold and
silver output was lower than in the third quarter of 2002 due to lower ore
grades and timing of inventory flows.
Lihir Gold
Total production at the Lihir gold mine (Rio Tinto 16.3%) in Papua New Guinea.
(100% basis)
Ore treated ('000 tonnes) 827 905 968 891 1,063 3,619 3,828
Average ore grade: gold (g/t) 5.43 5.50 5.64 5.25 5.44 6.18 5.46
Gold produced ('000 ounces) (a) 123 148 154 138 168 648 607
(a) Gold production represents quantity of gold poured.
Increased gold production for the fourth quarter of 2002 resulted from improved
recoveries, plant reliability and increased throughput, following the
commissioning of the pebble crusher.
OPERATIONAL DATA
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2001 2002 2002 2002 2002 2001 2002
COPPER & GOLD (continued)
Northparkes Joint Venture
Total production and sales at the Northparkes mine (Rio Tinto 80%) in New South Wales, Australia.
(100% basis)
Sulphide ore treated ('000 tonnes) 1,444 1,397 1,399 1,237 1,331 5,425 5,364
Average ore grade:
Copper (%) 1.12 1.00 0.91 0.81 0.69 1.16 0.86
Gold (g/t) 0.32 0.34 0.34 0.41 0.31 0.32 0.35
Copper concentrates produced ('000 tonnes) 36.2 30.2 29.9 23.0 20.1 144.2 103.2
Contained copper in concentrates:
Saleable production ('000 tonnes) 13.8 11.9 10.5 8.4 7.6 55.1 38.4
Sales ('000 tonnes) (a) 10.5 10.4 8.9 5.9 4.7 44.7 29.9
Contained gold in concentrates:
Saleable production ('000 ounces) 10.8 11.3 10.1 11.0 8.4 41.5 40.8
Sales ('000 ounces) (a) 8.2 10.4 7.7 6.6 6.0 31.6 30.7
(a) Rio Tinto's 80% share of material from the Joint Venture.
The decline in copper production for 2002 was in line with the operation's
mining strategy and the near completion of ore extraction from the first Lift of
the E26 orebody. Production in the second half was also affected by a failure of
the automated hoisting system and lower development ore being processed from the
Lift 2 development due to ground stability delays. Both issues resulted in a
higher portion of low copper grade open cut stockpiled ore being fed through the
mill, though at a higher gold content.
Palabora
Total production at the Palabora mine, smelter and refinery (Rio Tinto 49.2% (a)) in South Africa.
(100% basis)
Palabora mine
Ore treated ('000 tonnes) 3,555 2,558 2,005 2,722 2,648 14,522 9,933
Average ore grade: copper (%) 0.72 0.77 0.66 0.54 0.56 0.66 0.63
Copper concentrates produced ('000 tonnes) 66.3 55.8 35.9 40.5 35.7 233.5 167.9
Average concentrate grade: copper (%) 34.3 31.4 31.2 29.9 31.9 33.6 31.1
Copper in concentrates ('000 tonnes) 22.8 17.5 11.2 12.1 11.4 78.4 52.2
Palabora smelter/refinery
New concentrate smelted on site ('000 tonnes) 70.7 65.7 64.5 68.7 59.7 310.4 258.6
New copper anodes produced ('000 tonnes) (b) 16.7 17.8 23.1 22.5 18.9 85.0 82.3
Refined new copper produced ('000 tonnes) 22.2 16.2 22.0 23.0 20.4 86.9 81.6
By-products:
Magnetite concentrate ('000 tonnes) 59 51 49 31 40 201 172
Uranium oxide (tonnes) - - - - - 31 -
Baddeleyite (several grades) ('000 tonnes) - - - - - 4.0 -
Refined nickel sulphate (tonnes) 74 73 88 67 85 245 314
Vermiculite plant
Vermiculite produced ('000 tonnes) 42.1 44.0 57.1 62.5 59.8 160.3 223.5
(a) Rio Tinto increased its holding in Palabora from 48.6% to 49.2% in July
2001.
(b) Contained copper in anodes; anode production includes a small amount
produced from purchased material.
Ore production was maintained during the fourth quarter of 2002 following
continued successful scavenging of the main access ramps in the open pit. For
2002, new copper in concentrate production declined on account of the delayed
ramp up in output from the new underground mine. The shortfall in concentrate
was partially covered by the processing of smelter secondaries and low grade
concentrate stockpiles. This resulted in a low average smelter feed grade of
29.7% for the year. Anode copper production was supplemented by the importation
of small quantities of concentrate and scrap copper. Refined copper production
declined in line with the lower smelter throughput.
Magnetite production improved during the fourth quarter of 2002 following
replacement of the regrind mills with a new scalping circuit. Vermiculite
production was higher than in the comparable quarter of 2001, due to higher
availability of plant and heavy equipment. Uranium and baddeleyite production
ceased with the closure of the heavy minerals plant in August 2001.
OPERATIONAL DATA
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2001 2002 2002 2002 2002 2001 2002
COPPER & GOLD (continued)
Peak Gold Mine
Total production and sales from the Peak Gold Mine (Rio Tinto 100% (a)) in New South Wales, Australia.
Ore treated ('000 tonnes) 153 157 151 159 144 594 610
Average ore grades:
Gold (g/t) 5.57 5.81 4.74 6.33 5.13 5.88 5.52
Silver (g/t) 5.94 3.16 3.16 2.79 3.09 9.91 3.05
Copper (%) 0.47 0.44 0.28 0.21 0.21 0.43 0.29
Lead (%) 0.50 0.29 0.21 0.22 0.15 0.80 0.22
Zinc (%) 0.77 0.42 0.19 0.35 0.13 1.44 0.28
Bullion produced ('000 ounces) 25 27 23 32 23 120 105
Containing:
Gold ('000 ounces) 23 25 18 29 20 92 92
Silver ('000 ounces) 1 2 3 5 3 24 12
Gold recovered in concentrates ('000 ounces) 2 2 2 1 0 9 5
Total gold production ('000 ounces) 25 27 20 30 20 101 97
Bullion sales (fine gold) ('000 ounces) 23 27 18 26 22 91 93
Copper in concentrate ('000 tonnes):
Production 0.2 0.2 0.1 0.0 0.0 0.9 0.4
Sales 1.1 - - 0.8 0.2 1.1 1.0
Lead/zinc in concentrate ('000 tonnes):
Production 0.2 - - - - 4.6 -
Sales 1.4 0.9 - - - 6.1 -
(a) see note (g) on page 6.
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) 4,567 4,692 4,722 4,406 4,544 16,488 18,364
Average ore grade: gold (g/t) 0.42 0.48 0.49 0.55 0.48 0.45 0.50
Refined gold produced ('000 ounces) 47 55 59 59 52 187 225
Production increased from 2001 levels due to increased plant availability and improved head grades.
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) - - - - - 499 -
Average ore grade: gold (g/t) - - - - - 1.39 -
Total gold produced ('000 ounces) - - - - - 5 -
Patchway mine (a)
Ore treated ('000 tonnes) 24 23 21 24 15 98 84
Average ore grade: gold (g/t) 4.62 4.41 3.47 2.53 2.01 4.49 3.19
Total gold produced ('000 ounces) 3 3 2 2 1 12 7
Renco mine
Ore treated ('000 tonnes) 69 61 65 63 65 263 253
Average ore grade: gold (g/t) 5.95 5.03 4.68 3.95 3.46 6.80 4.27
Total gold produced ('000 ounces) 11 8 9 7 7 50 31
Total Rio Tinto Zimbabwe
Total gold produced ('000 ounces) 14 11 11 9 8 67 38
(a) Includes low grade material.
Production ceased at Cam Dump in June 2001.
OPERATIONAL DATA
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2001 2002 2002 2002 2002 2001 2002
COPPER & GOLD (continued)
Somincor
Total production at the Neves Corvo mine (Rio Tinto 49%) in Portugal.
(100% basis)
Neves Corvo mine
Total ore treated ('000 tonnes) (a) 484 453 475 406 423 2,021 1,756
Of which, treated to extract tin ('000 tonnes) 25 8 7 - 2 190 16
Average ore grades:
Copper (%) 5.07 4.85 5.26 4.87 5.23 4.81 5.06
Tin (%) 1.21 4.52 2.09 - 2.87 1.58 3.31
Copper production:
Copper concentrates produced ('000 tonnes) 88.1 74.6 90.8 72.3 81.7 344.3 319.4
Copper concentrate grade: copper (%) 24.2 24.8 24.3 23.9 23.7 24.1 24.2
Copper in concentrates produced ('000 tonnes) 21.3 18.5 22.1 17.3 19.4 82.9 77.2
Tin production:
Tin concentrates produced ('000 tonnes) 0.2 0.4 0.1 - 0.0 2.1 0.6
Tin concentrate grade: tin (%) 61.0 62.2 60.5 - 72.9 57.4 62.4
Tin in concentrates produced ('000 tonnes) 0.1 0.3 0.1 - 0.0 1.2 0.3
(a) Total ore treated for both copper and tin production.
Tin production declined in the second half of 2002 due to the low availability of tin ore.
DIAMONDS
Argyle Diamonds
Total production from mining operations at Argyle Diamonds (Rio Tinto 100% (a)) in Western
Australia.
(100% basis)
Ore processed ('000 tonnes):
AK1 ore 2,524 2,501 2,519 2,558 2,525 10,313 10,103
Alluvial ore 980 882 780 851 348 4,190 2,862
Total ore processed 3,504 3,383 3,299 3,409 2,873 14,503 12,965
Diamonds produced ('000 carats):
AK1 7,739 5,878 8,241 8,599 9,482 25,225 32,200
Alluvial 206 277 174 414 455 873 1,319
Total produced 7,945 6,155 8,415 9,013 9,936 26,097 33,519
(a) Rio Tinto's interest in the Argyle Diamond mine increased from 99.8% to
100% on 29 April 2002, following the purchase of the outstanding units in the
Western Australian Diamond Trust.
Ore processed from the AK1 pit was in line with previous quarters, while carats
produced reflected higher ore grade, in accordance with mining schedules.
Alluvial ore throughput reflected the cessation of mining activities due to the
lack of economic ore blocks. Future mining activity is pending the conclusion of
a participative agreement with Traditional Owners and the Kimberley Land Council
to access new prospective ore blocks. Alluvial carat production for 2002
reflected the processing of higher grade ore blocks compared with 2001.
Merlin
Rio Tinto share of production from the Merlin mine (Rio Tinto 100%) in the Northern Territory,
Australia.
Ore processed ('000 tonnes) 135 191 195 184 217 431 787
Diamonds recovered ('000 carats) 20 34 22 33 28 55 117
Ore processed was higher than in previous quarters reflecting higher processing
rates arising from favourable ore types. Carats recovered were lower than in the
previous quarter, reflecting lower grade ore in accordance with planned mining
sequences.
OPERATIONAL DATA
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2001 2002 2002 2002 2002 2001 2002
IRON ORE
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 15,149 14,653 14,078 15,711 13,121 58,828 57,563
Channar 3,215 2,528 2,409 2,423 3,233 11,088 10,594
Total production 18,364 17,181 16,487 18,134 16,354 69,916 68,157
Total shipments ('000 tonnes) 16,831 13,179 16,984 19,284 19,029 65,357 68,475
Fourth quarter 2002 production was 11% lower than in the same period last year.
However, 2002 yielded third quarter, fourth quarter and full year shipment
records, reflecting continued strong demand for Hamersley product, mostly driven
by strong sales to China and by sales of Yandi fines to Japan and Korea. 2002
production was 2.5% lower overall than in 2001.
Iron Ore Company of Canada
Total production and shipments from the Carol Lake operations (Rio Tinto 58.7%
(a)) in Newfoundland & Labrador and Quebec in Canada.
(100% basis)
Carol Lake operations
Saleable production:
Concentrates ('000 tonnes) 717 589 1,568 532 494 3,004 3,183
Pellets ('000 tonnes) 2,564 2,647 2,334 1,778 2,816 11,558 9,575
Shipments:
Concentrate ('000 tonnes) 938 704 869 973 605 3,415 3,151
Pellets ('000 tonnes) 2,704 1,370 3,094 3,612 3,461 9,722 11,537
(a) Rio Tinto increased its shareholding in IOC from 56.1% to 58.7% on 20
December 2002.
The improvement in pellet production seen in the fourth quarter of 2002 resulted
from the ongoing focus on operational performance at the mine and pellet plant.
Production of concentrate for sale was negatively affected by higher pellet
volume and poor weight recovery. Shipments during the fourth quarter were 12%
higher than in the corresponding period of 2001 as a result of additional sales
to existing customers and new business. Shipments for 2002 were 12% higher than
in 2001 primarily because of better market conditions in North America.
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) 164 104 201 282 271 642 858
(a) Production includes by-product fines.
Production increased from 2001 levels due to renegotiation of a contract with a
major customer and new market developments.
Robe River Iron Associates
Total production and shipments from the Pannawonica and West Angelas mines (Rio
Tinto 53%) in Western Australia.
(100% basis)
Pannawonica mine
Saleable production ('000 tonnes) 8,263 8,206 6,275 8,186 8,639 30,706 31,306
Shipments ('000 tonnes) 7,582 8,334 7,179 8,848 7,612 31,113 31,973
West Angelas mine
Saleable production ('000 tonnes) - 129 680 1,898 1,847 - 4,554
Shipments ('000 tonnes) - - 131 1,777 1,532 - 3,440
Production from Pannawonica was up 6% on the previous quarter, and up 5%
compared with the corresponding quarter in 2001. Shipments of Mesa J ore from
Pannawonica were down 14% on the abnormally high previous quarter and have
returned to a more sustainable level, in line with the comparative 2001 quarter.
Production and shipment totals were again boosted in the fourth quarter of 2002
by the West Angelas mine operations.
OPERATIONAL DATA
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2001 2002 2002 2002 2002 2001 2002
NICKEL
Rio Tinto Brasil Limitada
Total nickel in matte production at the Fortaleza mine (Rio Tinto 100%) in Brazil.
Fortaleza mine
Production (tonnes) 1,984 2,063 1,290 510 2,410 10,170 6,273
Production decreased from 2001 levels due to low ore availability from
underground, where poor ground conditions led to an unscheduled shutdown of the
mine for four months.
Rio Tinto Zimbabwe
Toll refined metal production at the Empress Nickel refinery (Rio Tinto 56%) in Zimbabwe.
(100% basis)
Empress Nickel refinery
Production (tonnes) 1,591 1,683 1,489 1,761 1,479 6,635 6,412
SALT
Dampier Salt
Total production of salt from Dampier, Lake MacLeod and Port Hedland (a) (Rio
Tinto 64.9%) in Western Australia.
(100% basis)
Salt production ('000 tonnes) 2,035 1,699 1,671 1,883 1,933 6,541 7,186
(a) Production from the Port Hedland operation (Dampier Salt 100%) is included
with effect from 17 August 2001.
TALC
The Luzenac Group
Total talc production from Luzenac Group operations in Australia (Rio Tinto
100%), Europe (Rio Tinto 99.9%), and North America (Rio Tinto 100%).
(100% basis)
Talc production ('000 tonnes) 316 323 347 341 318 1,268 1,328
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) 341 328 318 309 319 1,427 1,274
Titanium dioxide feedstock production in 2002 was below 2001, as production was
curtailed in line with market demand.
OPERATIONAL DATA
FULL FULL
4Q 1Q 2Q 3Q 4Q YEAR YEAR
2001 2002 2002 2002 2002 2001 2002
URANIUM
Energy Resources of Australia Ltd
Total production at the Ranger mine (Rio Tinto 68.4%) in the Northern Territory, Australia.
(100% basis)
Ranger mine
Production (tonnes U3O8) 1,155 951 977 1,130 1,428 4,211 4,486
Rossing Uranium Ltd
Total uranium production at the Rossing Uranium mine (Rio Tinto 68.58%) in Namibia.
(100% basis)
Production (tonnes U3O8) 674 743 675 846 488 2,640 2,751
ZINC
Norzink AS
Total refined zinc production at the Norzink smelter (Rio Tinto 0% (a)) in Norway.
(100% basis)
Production ('000 tonnes) - - - - - 41 -
(a) Rio Tinto completed the sale of its interest in Norzink on 17 April
2001.
Zinkgruvan Mining AB
Total production at the Zinkgruvan mine (Rio Tinto 100%) in Sweden.
Ore treated ('000 tonnes) 208 197 188 188 163 807 735
Average ore grades:
Zinc (%) 8.7 6.2 6.1 8.0 8.6 8.4 7.2
Lead (%) 3.7 2.8 3.0 5.3 4.2 3.6 3.8
Silver (g/t) 91 71 69 119 104 84 90
Production of zinc concentrate ('000 tonnes) 30.2 20.0 18.9 24.6 23.3 112.6 86.8
Production of lead concentrate ('000 tonnes) 8.9 7.2 7.2 13.1 8.5 35.0 36.0
Production of metal in concentrates:
Zinc ('000 tonnes) 16.6 11.1 10.4 13.6 12.9 61.8 48.0
Lead ('000 tonnes) 6.1 4.7 4.9 9.2 6.0 24.5 24.7
Silver ('000 ounces) 427 324 302 545 383 1,496 1,554
Although zinc grades improved throughout the year, overall zinc production was below 2001 due mainly to production
problems underground. Lead and silver production in 2002 was slightly higher than in 2001.
EXPLORATION
Expenditure
Total pre-tax exploration expenditure charged to the profit and loss account for
the quarter ending 31 December 2002 was US$37 million compared with US$42
million in the comparable quarter of 2001. Total expenditure for the twelve
months of 2002 was US$127 million, compared with US$130 million in 2001.
Ongoing Programmes
Country Commodity Programme Summary
Peru Copper Exploration continued at the Marcona copper project in the vicinity of the known iron
oxide copper resource.
USA Copper Drilling continued at the Resolution deep porphyry copper project in Arizona.
Iran Gold Exploration and metallurgical test work continued on the Dashkasan gold project.
Turkey Gold Drilling at the Copler gold project continued to obtain significant results.
Africa Diamonds Drilling commenced on new kimberlite targets in the south of Botswana. Drilling also
continued at Aredor project in Guinea to test a range of kimberlite targets.
Canada Diamonds Exploration continued on kimberlite targets in Ontario, Nunavut and on Brodeur
Peninsula.
India Diamonds Exploration continued on granted reconnaissance permits in Andhra Pradesh and
Karnataka.
Australia Iron Ore Encouraging new results were obtained from iron ore exploration in the Pilbara
region.
Guinea Iron Ore Evaluation work continued at the Simandou haematite project. A Convention was signed
with the Government of Guinea to cover conditions for future possible development of
the deposit.
This information is provided by RNS
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