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: LONDON AUSTRALIA Media Relations Media Relations Hugh Leggatt Ian Head + 44 (0) 20 7753 2273 +61 (0) 3 9283 3620 Investor Relations Investor Relations Peter Cunningham Dave Skinner + 44 (0) 20 7753 2401 +61 (0) 3 9283 3628 Richard Brimelow 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 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 The company news service from the London Stock Exchange

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