Rio Tinto 4QPR 2003

Rio Tinto PLC
21 January 2004



Fourth Quarter 2003 Production Report



•   Iron ore - Demand for all products remained strong.  Hamersley achieved 
    record production and shipments in the fourth quarter bringing full year 
    shipments to 74.3 million tonnes.  West Angelas ramp-up continued ahead of
    schedule and reached an annualised rate of 18 million tonnes in December.

•   Copper - mined copper was 17 per cent below the previous quarter and 25 per 
    cent below the final quarter of 2002 largely due to the material slippage
    at the Grasberg mine.

•   Diamonds - the ramp-up process at Diavik continued.  Production was lower 
    than in the preceding quarter due to the processing of stockpiled lower 
    grade ore and ore from the top of the A154N pipe.  Production from Argyle 
    was also lower, reflecting lower grade material mined in line with the 
    mining schedules.

•   Australian and Indonesian coal - excluding the effect of the new Hail Creek 
    coking coal mine, Australian coal production was in line with the previous
    quarter but five per cent below the fourth quarter of 2002 reflecting market
    conditions.  Port and rail congestion in New South Wales remain an issue.

•   US Coal - production was similar to the fourth quarter of 2002.  Higher 
    volumes from both Antelope and Jacobs Ranch were offset by lower production 
    from Cordero Rojo where resources continue to be diverted to managing the 
    high wall and spoil piles.

•   Aluminium - production was three per cent above the third quarter as Tiwai 
    Point returned to full production following power shortages earlier in the
    year and improved process stability at the Boyne Island smelter.

•   Gold - mined gold production was 26 per cent below the preceding quarter due 
    to the slippage at Grasberg.  In addition, the disposal of Peak and 
    Alumbrera plus lower by-product grades at Kennecott Utah Copper resulted 
    in mined gold volumes 37 per cent below the fourth quarter of 2002.

•   Industrial minerals - production of titanium dioxide feedstock was eight per 
    cent below the fourth quarter of 2002.  The seasonal pick up in the second 
    half has not been seen to the extent that would normally be expected.
    Borates production was in line with 2002 but lower than the previous quarter 
    due to a planned shutdown.


For further information, please contact:

LONDON                                               AUSTRALIA

Media Relations                                     Media Relations
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Investor Relations                                  Investor Relations

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Website: www.riotinto.com




RIO TINTO PRODUCTION SUMMARY
RIO TINTO SHARE OF PRODUCTION
                                                QUARTER                       FULL YEAR       % CHANGE
                                                2002    2003     2003       2002      2003   Q4 03  Q4 03  2003
                                                  Q4      Q3       Q4                           vs     vs    vs
Principal Commodities                                                                        Q3 03  Q4 02  2002
Alumina                            ('000 t)      479     500      526      1,947     2,014      5%    10%    3%
Aluminium                          ('000 t)    208.4   204.9    211.9      795.4     818.1      3%     2%    3%
Borates                            ('000 t)      136     142      134        528       559     -6%    -1%    6%
Coal - Australian and Indonesian   ('000 t)   11,245  10,319    9,330     43,830    40,573    -10%   -17%   -7%
Coal - US                          ('000 t)   28,063  27,391   28,417    105,320   108,177      4%     1%    3%
Copper - mined                     ('000 t)    243.8   221.4    182.9      887.1     867.0    -17%   -25%   -2%
Copper - refined                   ('000 t)    105.1    93.1     89.7      416.9     348.1     -4%   -15%  -17%
Diamonds                          ('000 cts)   9,964  10,588    8,968     33,620    33,272    -15%   -10%   -1%
Gold - mined                      ('000 ozs)     814     691      511      3,135     2,731    -26%   -37%  -13%
Gold - refined                    ('000 ozs)     105      66       81        488       308     23%   -23%  -37%
Iron ore                           ('000 t)   22,757  25,826   27,997     90,951   102,613      8%    23%   13%
Titanium dioxide feedstock         ('000 t)      319     291      293      1,274     1,192      1%    -8%   -6%
Other Metals & Minerals
Bauxite                            ('000 t)    3,000   3,018    3,103     11,724    12,316      3%     3%    5%
Lead - mined                       ('000 t)      9.8    12.0     14.1       40.4      47.5     18%    44%   18%
Molybdenum                         ('000 t)      1.4     1.2      1.1        6.1       4.6     -8%   -21%  -25%
Nickel in matte                    (tonnes)    2,410   1,284    1,524      6,273     5,950     19%   -37%   -5%
Nickel - refined                   (tonnes)      829   1,029    1,011      3,594     3,474     -2%    22%   -3%
Salt                               ('000 t)    1,255   1,420    1,120      4,667     4,633    -21%   -11%   -1%
Silver - mined                    ('000 ozs)   4,269   4,983    4,954     17,207    18,306     -1%    16%    6%
Silver - refined                  ('000 ozs)     965     691      653      4,037     2,963     -5%   -32%  -27%
Talc                               ('000 t)      318     350      321      1,327     1,357     -8%     1%    2%
Tin                                (tonnes)       11      16       60        169       100    267%   468%  -41%
Uranium                            (tonnes)    1,311   1,395    1,406      4,955     5,158      1%     7%    4%
Zinc - mined                       ('000 t)     24.8    26.8     31.6       94.7     114.2     18%    28%   21%



Throughout this report, figures in italics indicate adjustments made since the
figure was previously quoted on the equivalent page.

Production figures are sometimes more precise than the rounded numbers shown,
hence small differences may result between the total of the quarter figures and
the full year figures.




RIO TINTO SHARE OF PRODUCTION
                                                                                                   FULL      FULL
                                                        4Q       1Q      2Q      3Q        4Q      YEAR      YEAR
                                     Interest         2002     2003    2003    2003      2003      2002      2003
ALUMINA
Production ('000 tonnes)
Eurallumina                               56%          142      139     136     150       148       567       573
Queensland Alumina                        39%          337      354     358     350       378     1,380     1,440
Rio Tinto total alumina production                     479      493     495     500       526     1,947     2,014
ALUMINIUM
Refined production ('000 tonnes)
Anglesey                                  51%         18.1     18.3    18.3    18.3      19.0      71.1      73.9
Bell Bay                                 100%         42.1     40.7    41.8    42.3      41.9     163.9     166.6
Boyne Island (a)                          59%         79.4     77.7    75.7    76.9      80.9     294.6     311.1
Tiwai Point                               79%         68.8     66.1    62.7    67.5      70.2     265.9     266.5
Rio Tinto total aluminium production                 208.4    202.7   198.5   204.9     211.9     795.4     818.1
BAUXITE
Production ('000 tonnes)
Boke                                       4%          118       58     179     123        58       482       418
Weipa                                    100%        2,882    2,901   3,057   2,895     3,045    11,241    11,898
Rio Tinto total bauxite production                   3,000    2,958   3,236   3,018     3,103    11,724    12,316
BORATES
Borates ('000 tonnes B2O3 content)
Rio Tinto total borate production        100%          136      139     143     142       134       528       559
COAL                                          Coal
Australian coal operations ('000              type
tonnes)
Coal & Allied Industries (b)
      Bengalla                            30%   S      459      393     538     340       608     1,587     1,879
      Hunter Valley Operations            76%   S    1,716    1,789   1,617   1,535     1,983     6,756     6,925
                                          76%   M      640      606     609     663       289     2,531     2,167
      Mount Thorley Operations            61%   S      386      309     219     252       262     1,451     1,042
                                          61%   M      221      216     200     223       229     1,073       868
      Moura (c)                            0%   S        -        -       -       -        -        407        -
                                           0%   M        -        -       -       -        -        552        -
      Narama (c)                           0%   S        -        -       -       -        -        135        -
      Ravensworth East (c)                 0%   S        -        -       -       -        -        281        -
      Warkworth                           42%   S      787      688     484     510       577     2,586     2,259
                                          42%   M       18       47      71      53        39       231       210
Rio Tinto Coal Australia (d)
      Blair Athol Coal                    71%   S    2,030    2,237   1,857   2,599     2,197     8,412     8,890
      Hail Creek Coal                     92%   M        -        -       -     204       608         -       812
      Kestrel Coal                        80%   S      494      285     320     263       292     1,348     1,159
                                          80%   M      536      366     459     332       342     1,925     1,499
      Tarong Coal                        100%   S    1,695    1,451   1,738   1,635     1,713     5,685     6,538
Total Australian coal                                8,981    8,386   8,112   8,608     9,139    34,960    34,246
Indonesian coal operations ('000
tonnes)
Kaltim Prima Coal (e)                      0%   S    2,264    2,088   2,338   1,711       191     8,870     6,327
US coal operations ('000 tonnes)
Kennecott Energy
      Antelope                           100%   S    6,457    6,233   6,648   7,130     6,795    24,319    26,806
      Colowyo (f)                        100%   S    1,174    1,110   1,194   1,093     1,138     4,889     4,535
      Cordero Rojo                       100%   S    9,160    8,187   8,535   7,448     8,501    34,724    32,671
      Decker                              50%   S    1,198      679     730   1,068     1,203     4,511     3,679
      Jacobs Ranch                       100%   S    8,007    7,402   7,544   8,767     8,706    28,784    32,418
      Spring Creek                       100%   S    2,067    1,814   2,293   1,887     2,074     8,093     8,069
Total US coal                                       28,063   25,424  26,944  27,391    28,417   105,320   108,177
Rio Tinto total coal production                     39,307   35,899  37,394  37,710    37,747   149,149   148,750



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 7.


RIO TINTO SHARE OF PRODUCTION
(continued)
                                                                                                    FULL      FULL
                                                         4Q       1Q      2Q      3Q        4Q      YEAR      YEAR
                                      Interest         2002     2003    2003    2003      2003      2002      2003
COPPER
Mine production ('000 tonnes)
Alumbrera (g)                               0%         13.9      8.7       -       -        -       50.9       8.7
Bingham Canyon                            100%         69.0     64.8    67.8    77.6      71.6     260.2     281.8
Escondida                                  30%         68.7     74.4    79.8    73.4      70.1     226.3     297.8
Grasberg - FCX (h)                         12%         30.1     27.3    28.0    21.5       7.7     107.5      84.5
Grasberg - Joint Venture (h)               40%         40.9     33.7    34.5    28.9      11.5     148.0     108.7
Neves Corvo                                49%          9.5     11.0     9.9     7.5       9.6      37.8      38.0
Northparkes                                80%          6.1      5.7     5.4     5.4       5.2      30.7      21.7
Palabora                                   49%          5.6      5.5     6.1     7.0       7.1      25.7      25.8
Rio Tinto total mine production                       243.8    231.1   231.6   221.4     182.9     887.1     867.0
Refined production ('000 tonnes)
Atlantic Copper (h)                        13%         10.5     10.1    10.3     8.6       8.1      41.5      37.1
Escondida                                  30%         10.0     10.7    11.0    11.2      11.4      41.6      44.3
Kennecott Utah Copper                     100%         74.6     67.4    38.5    64.8      59.9     293.7     230.6
Palabora                                   49%         10.0      7.8     9.4     8.5      10.3      40.2      36.1
Rio Tinto total refined production                    105.1     96.0    69.2    93.1      89.7     416.9     348.1
DIAMONDS
Production ('000 carats)
Argyle (i)                                100%        9,936    6,909   6,004   9,690     8,307    33,503    30,910
Diavik                                     60%            -      247     512     880       661         -     2,300
Merlin                                    100%           28        -      44      18        -        117        62
Rio Tinto total diamond production                    9,964    7,156   6,560  10,588     8,968    33,620    33,272
GOLD
Mine production ('000 ounces)
Alumbrera (g)                               0%           48       31       -       -        -        188        31
Barneys Canyon                            100%           10        9      10      10         6        75        35
Bingham Canyon                            100%           89       67      67      79        92       412       305
Cortez/Pipeline                            40%          102      127     102     100       106       433       434
Escondida                                  30%           11       11      13      16        16        38        55
Grasberg - FCX (h)                         12%          103       89     132     107        26       355       354
Grasberg - Joint Venture (h)               40%          227      163     241     223        96       662       722
Greens Creek                               70%           18       16      19      17        17        72        70
Kelian                                     90%          109      166     112      71        74       485       422
Lihir (j)                                  14%           27       21      21      21        25        99        88
Morro do Ouro                              51%           27       25      27      24        26       115       103
Northparkes                                80%            7        8       7       9        15        33        39
Peak (g)                                    0%           20       20       -       -        -         97        20
Rawhide                                    51%           10        7       9       9         8        42        32
Rio Tinto Zimbabwe                         56%            4        3       4       3         3        21        14
Others                                       -            2        1       2       2         2         8         7
Rio Tinto total mine production                         814      765     765     691       511     3,135     2,731
Refined production ('000 ounces)
Kennecott Utah Copper                     100%          105       96      65      66        81       488       308
IRON ORE
Production ('000 tonnes)
Channar                                    60%        1,940    1,699   1,465   1,628     1,417     6,356     6,208
Corumba                                   100%          271      221     282     292       279       858     1,074
Hamersley                                 100%       13,121   13,616  15,900  16,079    17,462    57,563    63,056
Iron Ore Company of Canada (k) (l)         59%        1,868    1,816   2,126   2,220     2,191     7,168     8,353
Robe River                                 53%        5,558    5,815   5,851   5,607     6,649    19,006    23,922
Rio Tinto total mine production                      22,757   23,167  25,623  25,826    27,997    90,951   102,613



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 7.


RIO TINTO SHARE OF PRODUCTION
(continued)
                                                                                                   FULL      FULL
                                                          4Q       1Q     2Q     3Q        4Q      YEAR      YEAR
                                       Interest         2002     2003   2003   2003      2003      2002      2003
LEAD
Mine production ('000 tonnes)
Greens Creek                                70%          3.8      3.8    4.0    4.0       4.1      15.7      15.8
Zinkgruvan                                 100%          6.0      6.2    7.5    8.0      10.0      24.7      31.7
Rio Tinto total mine production                          9.8     10.0   11.5   12.0      14.1      40.4      47.5
MOLYBDENUM
Mine production ('000 tonnes)
Bingham Canyon                             100%          1.4      1.2    1.1    1.2       1.1       6.1       4.6
NICKEL
Nickel in matte (tonnes)
Fortaleza (m)                              100%        2,410    2,619    523  1,284     1,524     6,273     5,950
Toll refined metal production
(tonnes)
Rio Tinto Zimbabwe - Empress                56%          829      604    830  1,029     1,011     3,594     3,474
SALT
Production ('000 tonnes)
Dampier Salt                                65%        1,255      970  1,124  1,420     1,120     4,667     4,633
SILVER
Mine production ('000 ounces)
Bingham Canyon                             100%          841      762    808    873     1,105     3,663     3,548
Escondida                                   30%          259      315    360    375       368       894     1,418
Grasberg - FCX (h)                          12%          219      236    255    207        46       804       745
Grasberg - Joint Venture (h)                40%          470      111    229    320       466     1,043     1,126
Greens Creek                                70%        1,724    1,750  1,968  2,472     2,035     7,668     8,226
Zinkgruvan                                 100%          383      363    447    460       566     1,554     1,836
Others                                        -          372      422    343    275       366     1,582     1,407
Rio Tinto total mine production                        4,269    3,960  4,410  4,983     4,954    17,207    18,306
Refined production ('000 ounces)
Kennecott Utah Copper                      100%          965      975    644    691       653     4,037     2,963
TALC
Production ('000 tonnes)
Luzenac Group                             99.9%          318      358    328    350       321     1,327     1,357
TIN
Mine production (tonnes)
Neves Corvo                                 49%           11        -     23     16        60       169       100
TITANIUM DIOXIDE FEEDSTOCK
Production ('000 tonnes)
Rio Tinto Iron & Titanium                  100%          319      290    319    291       293     1,274     1,192
URANIUM
Production (tonnes U3O8)
Energy Resources of Australia               68%          977      859  1,019    775       858     3,068     3,512
Rossing                                     69%          335       14    465    620       548     1,887     1,647
Rio Tinto total uranium production                     1,311      873  1,484  1,395     1,406     4,955     5,158



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 7.


RIO TINTO SHARE OF PRODUCTION
(continued)
                                                                                                   FULL      FULL
                                                          4Q       1Q     2Q     3Q        4Q      YEAR      YEAR
                                       Interest         2002     2003   2003   2003      2003      2002      2003
ZINC
Mine production ('000 tonnes)
Greens Creek                                70%         11.9     12.1   13.4   11.7      11.3      46.7      48.5
Zinkgruvan                                 100%         12.9     14.7   15.6   15.1      20.3      48.0      65.7
Rio Tinto total mine production                         24.8     26.8   29.0   26.8      31.6      94.7     114.2


 (a) Rio Tinto acquired an approximately 5% additional interest in production from the Boyne Island smelter with
     effect from August 2002.
 (b) Rio Tinto increased its stake in Coal & Allied from 72.7% to 75.7% on 17 September 2002.
 (c) 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.
 (d) In December 2003 Pacific Coal was renamed Rio Tinto Coal Australia.
 (e) Rio Tinto had a 50% share in Kaltim Prima and, under the terms of its Coal Agreement, the Indonesian
     Government was 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. Rio Tinto completed the sale of its interest in PT Kaltim Prima
     Coal on 10 October 2003. Production data are shown up to the date of sale.
 (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 completed the sale of its 25% interest in Minera Alumbrera together with its wholly owned Peak Gold
     Mine on 17 March 2003. Production data are shown up to the date of sale.
 (h) Through its interest in Freeport-McMoRan-Copper & Gold (FCX), Rio Tinto had, as of 31 December 2003, an 11.8%
     share in the Grasberg mine and a 13.1% share in Atlantic Copper. Rio Tinto's holding in FCX reduced from 14.0%
     to 13.1% during the fourth quarter of 2003 due to the conversion of convertible preferred stock into common
     stock. 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 expansions of the Grasberg facilities since
     1998.
 (i) 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.
 (j) Following a placement of shares on the 13 November 2003 Rio Tinto's interest in Lihir moved from 16.3% to
     14.5%.
 (k) Rio Tinto owns 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 of Canada from 56.1% to 58.7% on 20 December 2002.
 (m) Rio Tinto completed the sale of its 100 % interest in the Fortaleza nickel mine on 16 January 2004.



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
                                                             2002  2003  2003  2003    2003      2002     2003
ALUMINIUM
Rio Tinto Aluminium (a)

Total production at Rio Tinto's aluminium operations: Weipa (Rio Tinto 100%) in
Queensland, Australia; Boke (Rio Tinto 4%) in Guinea; Eurallumina (Rio Tinto
56.2%) in Sardinia, Italy; Queensland Alumina (Rio Tinto 38.6%) in Queensland,
Australia; Anglesey Aluminium (Rio Tinto 51%) in the UK; Bell Bay (Rio Tinto
100%) in Tasmania, Australia; Boyne Island (Rio Tinto 59.4% (b)) in Queensland,
Australia and Tiwai Point (Rio Tinto 79.4%) in New Zealand.
(100% basis)


Weipa mine
Beneficiated bauxite production ('000 tonnes)               2,882 2,901 3,057 2,895   3,045    11,241   11,898
Metal grade bauxite shipments ('000 tonnes)                 2,882 2,778 2,768 2,709   3,160    11,132   11,415
Calcined bauxite production ('000 tonnes)                      30    41    49    42      29       142      161
Boke mine
Bauxite production ('000 tonnes)                            3,124 2,365 3,077 2,970   3,648    12,041   12,060
Eurallumina refinery
Alumina production ('000 tonnes)                              253   248   243   267     263     1,010    1,021
Queensland Alumina refinery
Alumina production ('000 tonnes)                              873   916   928   906     980     3,574    3,731
Anglesey Aluminium smelter
Primary aluminium production ('000 tonnes)                   35.6  35.8  35.9  35.9    37.2     139.3    144.8
Bell Bay smelter
Primary aluminium production ('000 tonnes)                   42.1  40.7  41.8  42.3    41.9     163.9    166.6
Boyne Island smelter (b)
Primary aluminium production ('000 tonnes)                  131.8 129.7 129.0 128.5   133.8     520.2    520.9
Tiwai Point smelter
Primary aluminium production ('000 tonnes)                   84.7  83.3  78.2  85.0    87.9     333.9    334.4
Sales of primary aluminium ('000 tonnes) (c)                203.4 191.1 210.6 205.1   213.1     785.3    820.0



(a) From 1 June 2003, management of Rio Tinto's 51% interest in Anglesey
Aluminium was transferred to the Aluminium product group from the Copper product
group.

(b) Rio Tinto acquired an approximately 5% additional interest in production
from the Boyne Island smelter with effect from August 2002.

(c) Rio Tinto's share of sales of primary metal from its four smelting
operations.



The Weipa mine achieved record bauxite production in the fourth quarter of 2003
and for the 2003 full year.



Production from the Eurallumina refinery in the fourth quarter of 2003 was
slightly lower than in the previous quarter due to unscheduled plant maintenance
in December.



Fourth quarter aluminium production at the Tiwai Point smelter continued to
improve following the resumption of spot power purchases in June 2003 and the
return of cells to operation at the end of the third quarter, resulting in
record production for 2003.


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)                                     136   139   143   142     134       528      559



(a) Production is expressed as B2O3 content.



Production in the fourth quarter of 2003 was in line with the fourth quarter of
2002 but below the third quarter of 2003 because of a planned year-end shutdown
at the Boron mine.


OPERATIONAL DATA
                                                                                                 FULL     FULL
                                                              4Q    1Q    2Q    3Q       4Q      YEAR     YEAR
                                                             2002  2003  2003  2003    2003      2002     2003
COAL
Coal & Allied Industries Limited (a)



Total production and sales from the mines operated by Coal & Allied Industries
in Australia: Bengalla (Rio Tinto 30%); Hunter Valley Operations (Rio Tinto
76%);  Mount Thorley Operations (Rio Tinto 61%); and Warkworth (Rio Tinto 42%),
all in New South Wales.

(100% basis)


Bengalla mine
Thermal coal production ('000 tonnes)                       1,517 1,298 1,776 1,122   2,008     5,385    6,203
Hunter Valley Operations
Thermal coal production ('000 tonnes)                       2,266 2,363 2,136 2,028   2,620     9,183    9,146
Semi-soft coking coal production ('000 tonnes)                845   800   805   875     381     3,442    2,862
Mount Thorley Operations
Thermal coal production ('000 tonnes)                         637   510   361   416     433     2,465    1,720
Semi-soft coking coal production ('000 tonnes)                365   356   330   369     377     1,827    1,432
Moura mine (b)
Thermal coal production ('000 tonnes)                           -     -     -     -      -      1,018       -
Semi-soft coking coal production ('000 tonnes)                  -     -     -     -      -        954       -
Coking coal production ('000 tonnes)                            -     -     -     -      -        427       -
Narama mine (b)
Thermal coal production ('000 tonnes)                           -     -     -     -      -        370       -
Ravensworth East mine (b)
Thermal coal production ('000 tonnes)                           -     -     -     -      -        387       -
Warkworth mine
Thermal coal production ('000 tonnes)                       1,871 1,634 1,152 1,212   1,371     6,314    5,369
Semi-soft coking coal production ('000 tonnes)                 42   112   168   127      93       568      500
Total Coal & Allied Industries
Total coal production ('000 tonnes)                         7,544 7,074 6,728 6,147   7,284    32,340   27,232
Total coal sales ('000 tonnes) (c)                          7,486 7,174 6,633 6,802   7,278    31,549   27,887



(a) Rio Tinto increased its stake in Coal & Allied from 72.7% to 75.7% on 17
September 2002.

(b) 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.

(c) Sales relate only to coal mined by the operations and exclude traded coal.



Production in the fourth quarter of 2003 was 18% higher than in the third
quarter of 2003 due primarily to higher production from Bengalla, where
quarterly production increased as mining progressed through higher productivity
areas of the mining sequence. Total coal production and sales for the fourth
quarter of 2003 and for the full year 2003 were down from comparable prior
periods due to the operational changes implemented in the third quarter of 2003
to reduce saleable production capacity to align with market demand. Port and
rail congestion remain an issue.


Kaltim Prima Coal

Total production and shipments from the Kaltim Prima Coal mine (Rio Tinto 0%
(a)) in Indonesia, including the share of production attributed to the
Indonesian Government (see footnote (e) on page 7).

(100% basis)


Thermal coal:
   Production ('000 tonnes)                                 4,527 4,177 4,675 3,422     381    17,740   12,655
   Shipments ('000 tonnes)                                  4,911 4,522 3,937 4,042     309    17,187   12,810



(a) Rio Tinto completed the sale of its 50% interest in PT Kaltim Prima Coal on
10 October 2003. Production data are shown up to the date of sale.


OPERATIONAL DATA
                                                                                                 FULL     FULL
                                                              4Q    1Q    2Q    3Q       4Q      YEAR     YEAR
                                                             2002  2003  2003  2003    2003      2002     2003
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; Colowyo in Colorado, where
Kennecott Energy has a partnership interest and full management responsibility -
(see footnote (f) on page 7); Cordero Rojo (Rio Tinto 100%) in Wyoming; Decker
(Rio Tinto 50%) in Montana; Jacobs Ranch (Rio Tinto 100%) in Wyoming and Spring
Creek (Rio Tinto 100%) in Montana.

(100% basis)


Antelope mine
Thermal coal production ('000 tonnes)                      6,457  6,233  6,648  7,130   6,795    24,319   26,806
Colowyo mine
Thermal coal production ('000 tonnes)                      1,174  1,110  1,194  1,093   1,138     4,889    4,535
Cordero Rojo mine
Thermal coal production ('000 tonnes)                      9,160  8,187  8,535  7,448   8,501    34,724   32,671
Decker mine
Thermal coal production ('000 tonnes)                      2,395  1,357  1,460  2,135   2,406     9,021    7,358
Jacobs Ranch mine
Thermal coal production ('000 tonnes)                      8,007  7,402  7,544  8,767   8,706    28,784   32,418
Spring Creek mine
Thermal coal production ('000 tonnes)                      2,067  1,814  2,293  1,887   2,074     8,093    8,069
Total Kennecott Energy
Total coal production ('000 tonnes)                       29,260 26,103 27,674 28,459  29,620   109,830  111,856
Total coal sales ('000 tonnes)                            29,260 26,103 27,674 28,459  29,620   109,830  111,856



Production in 2003 was higher than in 2002 due in part to higher market demand
for Antelope and Jacobs Ranch coal. These increases have been partially offset
by reduced production at Cordero Rojo as resources were diverted to ensuring
highwall and spoil pile stability.


Rio Tinto Coal Australia (a)

Total production and sales from the mines operated by Rio Tinto Coal Australia
in Queensland, Australia: Blair Athol Coal (Rio Tinto 71.2%), Hail Creek Coal
(Rio Tinto 92%), Kestrel Coal (Rio Tinto 80%) and Tarong Coal (Rio Tinto 100%).

(100% basis)


Blair Athol Coal mine
Thermal coal:
   Production ('000 tonnes)                                 2,849 3,140 2,607 3,649   3,084    11,809   12,480
   Sales ('000 tonnes)                                      2,913 3,237 2,689 3,179   3,473    12,304   12,577
Hail Creek Coal mine
Coking coal:
   Production ('000 tonnes)                                     -     -     -   221     661         -      883
   Sales ('000 tonnes)                                          -     -     -   114     622         -      736
Kestrel Coal mine
Thermal coal:
   Production ('000 tonnes)                                   617   356   400   328     365     1,685    1,449
   Sales ('000 tonnes)                                        135   404   163   145     177       505      889
Coking coal:
   Production ('000 tonnes)                                   670   458   574   415     427     2,406    1,873
   Sales ('000 tonnes)                                        394   122   274   331     357     1,478    1,084
Semi-hard coking coalLb)
   Sales ('000 tonnes)                                        380   449   475   353     461     1,628    1,739
Tarong Coal mine
Thermal coal:
   Production ('000 tonnes)                                 1,695 1,451 1,738 1,635   1,713     5,685    6,538
   Sales ('000 tonnes)                                      1,503 1,635 1,614 1,623   1,749     5,422    6,620
Total Rio Tinto Coal Australia
Total coal production ('000 tonnes)                         5,831 5,405 5,319 6,248   6,250    21,585   23,222



(a) In December 2003 Pacific Coal was renamed Rio Tinto Coal Australia.

(b) Semi-hard coking coal is a mixture of thermal coal and coking coal. The
product mix is customer dependent.



Hail Creek continued to ramp up production during the fourth quarter of 2003.
Lower Kestrel production in 2003 was due to mining a thinner seam and shorter
blocks resulting in additional longwall changeovers. Tarong sales were higher
following the commissioning of the Tarong North Power Station in the first
quarter of 2003.


OPERATIONAL DATA
                                                                                                    FULL     FULL
                                                              4Q     1Q     2Q     3Q       4Q      YEAR     YEAR
                                                             2002   2003   2003   2003    2003      2002     2003
COPPER & GOLD
Alumbrera

Total production and sales at the Bajo de la Alumbrera mine (Rio Tinto 0% (a))
in Argentina.

(100% basis)


Ore treated ('000 tonnes)                                    8,704  7,053     -     -      -     31,558    7,053
Average ore grades:
   Copper (%)                                                 0.69   0.54     -     -      -       0.70     0.54
   Gold (g/t)                                                 0.85   0.69     -     -      -       0.93     0.69
Concentrates produced ('000 tonnes)                          204.7  130.9     -     -      -      743.5    130.9
Copper in concentrates:                                                       -
   Production ('000 tonnes)                                   55.6   34.9     -     -      -      203.7     34.9
   Sales ('000 tonnes)                                        53.0   37.0     -     -      -      194.0     37.0
Production of gold in concentrates ('000 ounces)               176    108     -     -      -        694      108
Production of gold in dore ('000 ounces)                        17     16     -     -      -         60       16
Total gold sales ('000 ounces)                                 187    132     -     -      -        729      132



(a) Rio Tinto completed the sale of its 25% holding in Minera Alumbrera on 17
March 2003.


Escondida
Total production at the Escondida mine (Rio Tinto 30%) in
Chile.
(100% basis)
Sulphide ore treated ('000 tonnes)                       14,631  16,744  16,416  18,888  18,299    46,536   70,347
Average copper grade (%)                                   1.59    1.49    1.62    1.33    1.31      1.58     1.43
Mill production (metals in concentrates):
   Contained copper ('000 tonnes)                         191.8   210.8   230.9   208.2   197.1     622.6    847.0
   Contained gold ('000 ounces)                              35      37      43      52      52       126      184
   Contained silver ('000 ounces)                           864   1,050   1,200   1,251   1,227     2,981    4,728
Oxide ore treated ('000 tonnes)                           3,164   3,408   3,188   3,569   3,537    12,774   13,702
Average copper grade (%)                                   1.18    1.10    1.11    1.02    1.03      1.04     1.06
Contained copper in leachate/mined material ('000            37      37      35      37      37       132      146
tonnes)
Refined production:
   Oxide plant production ('000 tonnes)                    33.3    35.5    36.8    37.3    38.0     138.7    147.6



Escondida mill production in 2003 reflected the start of the new Laguna Seca
concentrator in the fourth quarter of 2002. Lower ore grades during 2003
compared with 2002 were in line with the previously announced plan to constrain
copper production at Escondida.


OPERATIONAL DATA
                                                                                                 FULL     FULL
                                                              4Q    1Q    2Q    3Q       4Q      YEAR     YEAR
                                                             2002  2003  2003  2003    2003      2002     2003
COPPER & GOLD (continued)
Freeport-McMoRan Copper & Gold

Total production and sales at Grasberg (Rio Tinto 11.8% (a)) in Papua,
Indonesia, and Atlantic Copper (Rio Tinto 13.1%) in Spain.

(100% basis)


Grasberg mine
Ore treated ('000 tonnes)                                 21,996 21,438 20,141 19,453  13,071    86,001   74,103
Average mill head grades:
   Copper (%)                                               1.23   1.15   1.24   1.08    0.77      1.14     1.09
   Gold (g/t)                                               1.44   1.26   1.95   1.79    1.00      1.24     1.54
   Silver (g/t)                                             4.05   3.88   4.18   3.90    4.26      3.60     4.03
Production of metals in concentrates:
   Copper in concentrates ('000 tonnes)                    241.6  216.5  223.1  189.3    86.9     864.4    715.8
   Gold in concentrates ('000 ounces)                        913    760  1,126  1,007     369     3,030    3,262
   Silver in concentrates ('000 ounces)                    1,928  1,692  1,944  1,857     981     6,402    6,474
Sales of payable metals in concentrates: (b)
   Copper in concentrates ('000 tonnes)                    234.6  210.7  212.1  184.7    85.5     833.2    693.0
   Gold in concentrates ('000 ounces)                        902    742  1,080    980     369     2,934    3,171
   Silver in concentrates ('000 ounces)                    1,487  1,315  1,485  1,431     763     4,916    4,994



(a) See note (h) on page 7 for details of Rio Tinto's 11.8% interest in Grasberg
and 40% interest in the expansion.

(b) Net of smelter deductions.



In the fourth quarter of 2003, copper and gold production and sales decreased
compared with the third quarter of 2003 and the fourth quarter of 2002 because
of a decrease in ore treated; this was due to the impact on mining operations at
the Grasberg open pit mine of a material slippage on 9 October 2003 and a debris
flow in the same section of the open pit on 12 December 2003. For the full year
2003, copper production and sales were lower compared with 2002 because of lower
copper ore grades and the impact of the material slippage. Gold production and
sales for full year 2003 were higher compared with 2002 because the higher gold
ore grades more than offset the impact of the material slippage. Near-term mine
sequencing operations are being directed to accelerating removal of waste
material from the south wall, where the material slippage occurred, to ensure
the restoration of safe access to the higher grades areas.


Atlantic Copper smelter
Concentrates and scrap smelted ('000 tonnes)                257.7 242.1 244.6 253.0   224.7   1,016.7    964.4
Copper anodes produced ('000 tonnes) (c)                     77.2  72.4  74.3  78.6    65.0     298.0    290.3
Copper cathodes produced ('000 tonnes)                       63.5  61.2  62.5  61.4    62.0     250.5    247.1
Copper cathode sales ('000 tonnes) (d)                       65.0  62.9  63.6  57.7    63.8     252.4    248.0



(c) New metal excluding recycled material.

(d) Refers to copper cathode and wire rod sales.



Atlantic Copper results for full year 2003 were only slightly below full year
2002.


Kelian Equatorial Mining

Total production and sales at the Kelian gold mine (Rio Tinto 90%) in East
Kalimantan, Indonesia.

(100% basis)


Ore treated ('000 tonnes)                                   1,953 1,844 1,833 1,995   2,180     7,313    7,853
Average ore grades:
   Gold (g/t)                                                2.66  3.71  2.53  1.76    1.66      2.95     2.37
   Silver (g/t)                                              4.55  5.83  5.11  4.39    4.40      5.11     4.90
Production:
   Gold ('000 ounces)                                         121   184   124    79      82       539      469
   Silver ('000 ounces)                                        75   112    96    66      73       348      347
Sales:
   Gold ('000 ounces)                                         154   150   147    93      47       542      437
   Silver ('000 ounces)                                       115   154     -   145      0        500      299



Ore treated during the fourth quarter of 2003 was greater than in the previous
quarter due to processing softer ore and the benefit of process improvements.
Low grade stockpiled ore was processed following exhaustion of higher grade
ex-pit ore in May 2003. Silver production was accumulated to build an economic
quantity for sale in the first quarter of 2004.


OPERATIONAL DATA
                                                                                                 FULL     FULL
                                                              4Q    1Q    2Q    3Q       4Q      YEAR     YEAR
                                                             2002  2003  2003  2003    2003      2002     2003
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)                                       868   919   791   865     878     3,403    3,452
   Leached ('000 tonnes)                                    2,924 2,538 3,261 5,507   6,161    10,837   17,468
   Sold for roasting ('000 tonnes)                             82   140   151   111      62       293      463
Average ore grade: gold
    Milled (g/t)                                             6.14  8.92  5.83  5.55    5.61      7.43     6.53
    Leached (g/t)                                            1.00  1.09  1.06  0.85    0.78      1.03     0.90
    Sold for roasting (g/t)                                  8.66  7.83  6.63  5.87    5.86      8.61     6.71
Gold produced ('000 ounces)                                   256   317   254   249     264     1,082    1,085



Mill, roast and leach throughput increased in 2003. Total gold production in
2003 was slightly higher than in the prior year as a result of higher
throughput, although this was offset by lower grades.


Greens Creek mine
Ore treated ('000 tonnes)                                     170   171   176   185     177       665      709
Average ore grades:
   Gold (g/t)                                                6.81  6.31  6.97  6.20    6.19      6.96     6.42
   Silver (g/t)                                               595   604   655   764     671       676      675
   Zinc (%)                                                  12.4  12.9  13.4  11.1    11.8      12.5     12.3
   Lead (%)                                                   4.4   4.6   4.7   4.3     4.7       4.7      4.6
Metals produced in concentrates:
   Gold ('000 ounces)                                          25    23    27    25      24       103       99
   Silver ('000 ounces)                                     2,454 2,491 2,801 3,518   2,897    10,912   11,707
   Zinc ('000 tonnes)                                        16.9  17.3  19.0  16.6    16.1      66.5     69.1
   Lead ('000 tonnes)                                         5.4   5.3   5.7   5.6     5.9      22.3     22.5



Mill throughput increased during 2003 as part of a five year plan to increase
mill capacity. Silver grade continued to improve in the second half of 2003
compared with the first half, as a result of mine sequencing and mining ore
zones with higher silver grade.


Rawhide mine
Ore treated ('000 tonnes)                                    1,335  1,230    384     -      -      5,385    1,614
Average ore grades:
   Gold (g/t)                                                 0.69   0.51   0.51     -      -       0.96     0.51
   Silver (g/t)                                               13.3    9.4    9.1     -      -       14.2      9.4
Metals produced in dore:
   Gold ('000 ounces)                                           19     14     17    17      15        82       64
   Silver ('000 ounces)                                        134    127    158   131     114       688      530



Mining operations were completed in October 2002. Processing of stockpiled ores
was completed in May 2003. Residual gold production will continue from the leach
pads while site reclamation activities are underway.


OPERATIONAL DATA
                                                                                                 FULL     FULL
                                                              4Q    1Q    2Q    3Q       4Q      YEAR     YEAR
                                                             2002  2003  2003  2003    2003      2002     2003
COPPER & GOLD (continued)
Kennecott Utah Copper

Total production at Barneys Canyon, Bingham Canyon, and the Kennecott smelter
and refinery (all Rio Tinto 100%) in Utah, US.


Barneys Canyon mine
Ore treated ('000 tonnes)                                        -     -      -      -      -        102       -
Average ore grade: gold (g/t)                                    -     -      -      -      -       1.17       -
Gold produced in dore and concentrates ('000 ounces)            10     9     10     10       6        75       35



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


Bingham Canyon mine
Ore treated ('000 tonnes)                                 10,625 10,929 11,284 11,904  11,988    40,720   46,105
Average ore grade:
   Copper (%)                                               0.71   0.68   0.67   0.72    0.64      0.69     0.67
   Gold (g/t)                                               0.36   0.28   0.25   0.31    0.31      0.44     0.29
   Silver (g/t)                                             3.02   2.99   2.67   2.88    3.53      3.42     3.02
   Molybdenum (%)                                          0.026  0.022  0.020  0.028   0.038     0.034    0.027
Copper concentrates produced ('000 tonnes)                   279    282    287    298     280       992    1,147
Average concentrate grade (% Cu)                            24.6   22.9   23.6   25.9    25.5      26.2     24.5
Production of metals in copper concentrates:
   Copper ('000 tonnes) (a)                                 69.0   64.8   67.8   77.6    71.6     260.2    281.8
   Gold ('000 ounces)                                         89     67     67     79      92       412      305
   Silver ('000 ounces)                                      841    762    808    873   1,105     3,663    3,548
Molybdenum concentrates produced ('000 tonnes):              2.6    2.2    2.3    2.1     2.2      11.2      8.8
   Molybdenum in concentrates ('000 tonnes)                  1.4    1.2    1.1    1.2     1.1       6.1      4.6
Kennecott smelter & refinery
Copper concentrates smelted ('000 tonnes)                    300    231    261    282     286     1,096    1,060
Copper anodes produced ('000 tonnes) (b)                    79.0   53.7   53.2   69.9    66.3     293.7    243.1
Production of refined metal:
   Copper ('000 tonnes)                                     74.6   67.4   38.5   64.8    59.9     293.7    230.6
   Gold  ('000 ounces) (c)                                   105     96     65     66      81       488      308
   Silver ('000 ounces) (c)                                  965    975    644    691     653     4,037    2,963



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

(b) New metal excluding recycled material.

(c) Includes gold and silver in intermediate products.



By-product grades for silver and molybdenum improved in the fourth quarter of
2003 but full year grades for by-products are still significantly lower than in
2002. As previously announced, lower by-product grades are expected to continue
until 2005. High arsenic levels have adversely affected recovery of molybdenum.
Higher gold recovery increased gold output in the fourth quarter, the copper
grade decreased due to mining sequence.



Anode production in both the first and second quarters of 2003 was affected by
the failure of the final absorption tower of the acid plant in March 2003, which
interrupted smelter production for three weeks. Refined copper production in the
fourth quarter of 2003 was lower than in the third quarter due to delays in
scrap remelting and ramp-up of a new production schedule.


Lihir Gold

Total production at the Lihir mine (Rio Tinto 14.5% (a)) in Papua New Guinea.

(100% basis)


Ore treated ('000 tonnes)                                    1,063   933   924   987   1,082     3,828    3,926
Average ore grade: gold (g/t)                                 5.44  4.92  4.65  4.88    5.26      5.46     4.94
Gold produced ('000 ounces) (b)                                168   131   128   132     160       607      551



(a) Following an overnight placement of shares, Rio Tinto's interest in Lihir as
of 13 November 2003 was 14.5%. Further changes relating to Lihirian Trust and
Share Purchase Plan are anticipated in early 2004.

(b) Gold production represents quantity of gold poured.



Increased gold production in the fourth quarter of 2003 resulted from higher
plant throughput and improved head grade.


OPERATIONAL DATA
                                                                                                 FULL     FULL
                                                              4Q    1Q    2Q    3Q       4Q      YEAR     YEAR
                                                             2002  2003  2003  2003    2003      2002     2003
COPPER & GOLD (continued)
Northparkes Joint Venture

Total production and sales at the Northparkes mine (Rio Tinto 80%) in New South
Wales, Australia.

(100% basis)


Ore treated ('000 tonnes)                                   1,331 1,306 1,315 1,284   1,263     5,364    5,168
Average ore grades:
   Copper (%)                                                0.69  0.67  0.62  0.70    0.71      0.86     0.67
   Gold (g/t)                                                0.31  0.31  0.32  0.45    0.70      0.35     0.44
Copper concentrates produced ('000 tonnes)                   20.1  20.1  18.7  18.3    17.9     103.2     75.1
Contained copper in concentrates:
   Saleable production ('000 tonnes)                          7.6   7.1   6.8   6.7     6.5      38.4     27.1
   Sales ('000 tonnes) (a)                                    4.7   8.0   3.8   4.5     6.2      29.9     22.5
Contained gold in concentrates:
   Saleable production ('000 ounces)                          8.4   9.5   9.0  11.4    18.7      40.8     48.6
   Sales ('000 ounces) (a)                                    6.0  13.4   6.0   6.4    12.4      30.7     38.2



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



Copper production continued to reflect a lower realised head grade as transition
ore was sourced from lower grade open cut material. This trend will continue
until Lift 2 commences production in mid 2004 and reaches full production in
2005.


Palabora

Total production at Palabora (Rio Tinto 49.2%) in South Africa.

(100% basis)


Palabora mine
Ore treated ('000 tonnes)                                   2,648 2,453 2,726 3,398   2,838     9,933   11,415
Average ore grade: copper (%)                                0.56  0.59  0.60  0.53    0.63      0.63     0.59
Copper concentrates produced ('000 tonnes)                   35.7  35.3  38.2  43.5    46.3     167.9    163.3
Average concentrate grade: copper (%)                        31.9  31.5  32.7  32.9    31.3      31.1     32.1
Copper in concentrates ('000 tonnes)                         11.4  11.1  12.5  14.3    14.5      52.2     52.4
Palabora smelter/refinery
New concentrate smelted on site ('000 tonnes)                59.7  57.5  73.7  64.0    72.5     258.6    267.6
New copper anodes produced ('000 tonnes) (a)                 18.9  15.8  20.1  19.4    21.3      82.3     76.7
Refined new copper produced ('000 tonnes)                    20.4  15.9  19.2  17.4    20.9      81.6     73.4
By-products:
Magnetite concentrate ('000 tonnes)                            40    44    51    53      68       172      215
Refined nickel sulphate (tonnes)                               85    61    27    26      38       314      152
Vermiculite plant
Vermiculite produced ('000 tonnes)                           59.8  51.2  53.9  32.5    35.6     223.5    173.2



(a) Contained copper in anodes; anode production includes a small amount
produced from purchased material.



Production from the underground mine improved by 20% to an average of 21,983
tonnes of ore per day during the fourth quarter of 2003, compared with an
average of 18,355 tonnes of ore per day in the third quarter. During the fourth
quarter, a production rate of 31,187 tonnes in one day, and a weekly rate of
26,528 tonnes per day were achieved.



Tonnage of ore treated during the fourth quarter of 2003 was in line with the
underground output. The ramp scavanging was completed in November. Copper in
concentrate increased with the improved head grades and recoveries. Total
concentrate smelted comprised run-of-mine production, smelter secondaries and
imported concentrate. Anode stocks available to the tankhouse increased to an
acceptable level.



Refurbishment of the batch plant resulted in increased nickel production.
Vermiculite production was stable and the reconfigured plant continues to meet
market demand. Production during the third and fourth quarters of 2003 was
reduced in order to lower supply chain inventory levels.


OPERATIONAL DATA
                                                                                                 FULL     FULL
                                                              4Q    1Q    2Q    3Q       4Q      YEAR     YEAR
                                                             2002  2003  2003  2003    2003      2002     2003
COPPER & GOLD (continued)
Peak Gold Mine

Total production and sales from the Peak Gold Mine (Rio Tinto 0% (a)) in New
South Wales, Australia.


Ore treated ('000 tonnes)                                      144    144     -     -      -        610      144
Average ore grades:                                                           -
   Gold (g/t)                                                 5.13   5.23     -     -      -       5.52     5.23
   Silver (g/t)                                               3.09   3.16     -     -      -       3.05     3.16
   Copper (%)                                                 0.21   0.13     -     -     -        0.29     0.13
   Lead (%)                                                   0.15   0.11     -     -      -       0.22     0.11
   Zinc (%)                                                   0.13   0.00     -     -      -       0.28     0.00
Bullion produced  ('000 ounces)                                 23     23     -     -      -        105       23
Containing:                                                                   -
   Gold ('000 ounces)                                           20     20     -     -      -         92       20
   Silver ('000 ounces)                                          3      3     -     -      -         12        3
Gold recovered in concentrates ('000 ounces)                     0      -     -     -      -          5       -
Total gold production ('000 ounces)                             20     20     -     -      -         97       20
Bullion sales (fine gold) ('000 ounces)                         22     20     -     -      -         93       20
Copper in concentrate ('000 tonnes):                                          -
   Production                                                  0.0      -     -     -      -        0.4       -
   Sales                                                       0.2      -     -     -      -        1.0       -



(a) Rio Tinto completed the sale of its wholly owned Peak Gold Mine on 17 March
2003.


Rio Tinto Brasil Limitada

Total production at Morro do Ouro (Rio Tinto 51%) in Minas Gerais, Brazil.

(100% basis)


Morro do Ouro mine
Ore treated ('000 tonnes)                                   4,544 4,530 4,586 4,655   4,640    18,364   18,411
Average ore grade: gold (g/t)                                0.48  0.44  0.46  0.45    0.43      0.50     0.44
Refined gold produced ('000 ounces)                            52    49    53    48      51       225      201



Production in 2003 was below 2002 due to lower grade and harder ores being
mined.


Rio Tinto Zimbabwe

Total production at Rio Tinto Zimbabwe's gold operations (Rio Tinto 56%) in
Zimbabwe.

(100% basis)


Patchway mine (a) (b)
Ore treated ('000 tonnes)                                      15    19    19     -      -         84       38
Average ore grade: gold (g/t)                                2.01  2.17  2.10     -      -       3.19     2.13
Total gold produced ('000 ounces)                               1     1     1     -      -          7        2
Renco mine
Ore treated ('000 tonnes)                                      65    49    60    64      61       253      234
Average ore grade: gold (g/t)                                3.46  3.80  3.55  3.48    3.56      4.27     3.59
Total gold produced ('000 ounces)                               7     5     6     6       6        31       23
Total Rio Tinto Zimbabwe
Total gold produced ('000 ounces)                               8     6     7     6       6        38       25



(a) Includes low grade material.

(b) Rio Tinto Zimbabwe completed the sale of the Patchway mine in July 2003.


OPERATIONAL DATA
                                                                                                 FULL     FULL
                                                              4Q    1Q    2Q    3Q       4Q      YEAR     YEAR
                                                             2002  2003  2003  2003    2003      2002     2003
COPPER & GOLD (continued)
Somincor

Total production at Neves Corvo (Rio Tinto 49%) in Portugal.

(100% basis)


Neves Corvo mine
Total ore treated ('000 tonnes)  (a)                          423   425   474   354     447     1,756    1,700
   of which, treated to extract tin ('000 tonnes)               2     -     -     -      10        16       22
Average ore grades:
   Copper (%)                                                5.23  6.00  5.07  5.13    5.15      5.06     5.33
   Tin (%)                                                   2.87     -     -     -    2.46      3.31     2.16
Copper production:
   Copper concentrates produced ('000 tonnes)                81.7  93.8  85.5  66.2    84.0     319.4    329.6
   Copper concentrate grade: copper (%)                      23.7  23.9  23.5  23.2    23.4      24.2     23.5
   Copper in concentrates produced ('000 tonnes)             19.4  22.4  20.1  15.4    19.6      77.2     77.5
Tin production:
   Tin concentrates produced ('000 tonnes)                    0.0     -   0.1   0.1     0.2       0.6      0.3
   Tin concentrate grade: tin (%)                            72.9     -  54.1  60.7    64.3      62.4     61.0
   Tin in concentrates produced ('000 tonnes)                 0.0     -   0.0   0.0     0.1       0.3      0.2



(a) Total ore treated for both copper and tin production.



The reduction in total ore treated in 2003 was due primarily to incidents, in
July and September, in the hoisting shaft which caused shutdowns of hoisting and
of the processing plants.


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                                                  2,525 2,509 2,305 2,601   2,372    10,103    9,787
   Alluvial ore                                               348     -     -     -      -      2,862       -
Total ore processed                                         2,873 2,509 2,305 2,601   2,372    12,965    9,787
Diamonds produced ('000 carats):
   AK1                                                      9,482 6,909 6,004 9,690   8,307    32,200   30,910
   Alluvial                                                   455     -     -     -      -      1,319       -
Total produced                                              9,936 6,909 6,004 9,690   8,307    33,519   30,910



(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 and carats produced from the AK1 pit was in line with production
levels in previous quarters. Carats produced for the full year 2003 reflected
the processing of lower grade ore from the Northern Bowl, in accordance with
mining schedules. Production from the alluvial mining areas ceased in the fourth
quarter of 2002.


Diavik Diamonds

Total production from mining operations at Diavik Diamonds (Rio Tinto 60%) in
the Northwest Territories, Canada.


Ore processed ('000 tonnes)                                     -    202    304    388     300         -    1,194
Diamonds recovered ('000 carats)                                -    411    854  1,466   1,101         -    3,833



Ore processed and diamonds recovered during the fourth quarter of 2003 were
adversely affected by the processing of stockpiled lower grade ore from the A154
south pipe and material from the top of the A154 north pipe. The material at the
top of the north pipe appears very similar to the mud rich material encountered
at the top of the south pipe earlier in the year. Processing of ore from the
south pipe proper recommenced in the second half of December.


Merlin

Total production from the Merlin mine (Rio Tinto 100%) in the Northern
Territory, Australia.


Ore processed ('000 tonnes)                                    217    204    33     -      -        787      237
Diamonds recovered ('000 carats)                                28      -    44    18      -        117       62



Ore mining and processing ceased during the second quarter of 2003. Mine closure
in accordance with relevant provisions set by the regulatory authorities was
progressed during the period.


OPERATIONAL DATA
                                                                                                    FULL     FULL
                                                              4Q     1Q     2Q     3Q       4Q      YEAR     YEAR
                                                             2002   2003   2003   2003    2003      2002     2003
IRON ORE
Hamersley Iron

Total production and shipments 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, Yandicoogina and Brockman                    13,121 13,616 15,900 16,079  17,462    57,563   63,056
   Channar                                                 3,233  2,832  2,442  2,713   2,361    10,594   10,347
Total production                                          16,354 16,448 18,341 18,792  19,823    68,157   73,404
Total shipments ('000 tonnes)                             19,029 17,762 17,948 18,636  19,987    68,475   74,333



Operational efficiencies lifted Hamersley to new production records in the
fourth quarter of 2003, up 21% against the equivalent quarter of 2002 and 7.7%
higher than the full year total for 2002. Continued strong demand for the full
range of Hamersley products, driven by strong sales to China (up 20% on the same
quarter in 2002), and helped by some shipments through Robe's Cape Lambert port,
saw annual shipments also increase to a new record.


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)                                 494   272   712   958     706     3,183    2,648
   Pellets ('000 tonnes)                                    2,816 2,820 2,908 2,823   3,026     9,575   11,577
Shipments:
   Concentrate ('000 tonnes)                                  605   290   570   664   1,093     3,151    2,617
   Pellets ('000 tonnes)                                    3,461 1,963 3,761 2,820   3,767    11,537   12,311



(a) Rio Tinto increased its shareholding in IOC from 56.1% to 58.7% on 20
December 2002.



The seaborne market for both pellets and concentrates remains tight on the back
of strong growth in Chinese iron ore imports. Pellet shipments for both the
fourth quarter of 2003 and for the full year were significantly higher than in
2002, driven by stronger seaborne demand and higher production. Concentrate
demand was also strong with fourth quarter 2003 shipments higher than in the
fourth quarter of 2002; full year 2003 shipments were lower than in 2002 due to
concentrate diversion to pellet production and production constraints in the
first quarter of 2003. All excess saleable product inventory was drawn down.




Saleable concentrate production was higher in the fourth quarter of 2003
compared with the fourth quarter of 2002, driven by higher crude ore production
resulting from improved mining and automatic train operations, better recovery
and on-going concentrator improvements.  Pellet production in the fourth quarter
of 2003 was also higher than in the fourth quarter of 2002, mainly due to
productivity improvements and no furnace shutdowns. Total pellet production was
higher in 2003 than 2002 due to operational improvements and a very much shorter
plant maintenance shutdown (three days versus five weeks).


Rio Tinto Brasil

Total production at Corumba (Rio Tinto 100%) in Mato Grosso do Sul, Brazil.


Corumba mine
Total iron ore production ('000 tonnes) (a)                   271   221   282   292     279       858    1,074



(a) Production includes by-product fines.



Production increased in 2003 compared with 2002 in line with increased sales to
Argentina and Europe.


Robe River Iron Associates

Total production and shipments from Robe River Iron Associates operations (Rio
Tinto 53%) in Western Australia.

(100% basis)


Pannawonica mine
Saleable iron ore production ('000 tonnes)                  8,639 8,055 8,361 7,583   8,035    31,306   32,034
Sales ('000 tonnes)                                         7,612 7,054 8,137 8,413   7,470    31,973   31,073
West Angelas mine
Saleable iron ore production ('000 tonnes)                  1,847 2,917 2,678 2,996   4,510     4,554   13,102
Sales ('000 tonnes)                                         1,532 2,908 2,943 2,585   4,350     3,440   12,785



Production of Robe River ore from the Pannawonica mine was slightly higher in
2003 compared with 2002, with fourth quarter production 7% higher than in the
third quarter 2003, reflecting continued strong demand.  Sales were lower than
in the previous quarter due to deferral of some shipments into 2004 as a result
of congestion at receiving ports.



Production at West Angelas reached a rate of 18 million tonnes per year in
December, and the mine is on schedule to reach its design rate of 20 million
tonnes per year by the end of the first quarter of 2004. Sales growth for West
Angelas product focused primarily on Japan, where all customers exercised their
tonnage options, and on further penetration of the Chinese market.


OPERATIONAL DATA
                                                                                                   FULL     FULL
                                                             4Q     1Q     2Q     3Q       4Q      YEAR     YEAR
                                                            2002   2003   2003   2003    2003      2002     2003
NICKEL
Rio Tinto Brasil
Total nickel in matte production at the Fortaleza (Rio Tinto 100% (a))
in Brazil.
Fortaleza mine
Production (tonnes)                                        2,410  2,619    523  1,284   1,524     6,273    5,950



(a) Rio Tinto completed the sale of its 100 % interest in the Fortaleza nickel
mine on 16 January 2004.



Production in 2003 was affected by an alterations to mining methods.


Rio Tinto Zimbabwe

Toll refined metal production at the Empress Nickel (Rio Tinto 56%) in Zimbabwe.

(100% basis)


Empress Nickel refinery
Production (tonnes)                                         1,479 1,078 1,481 1,836   1,804     6,412    6,199
SALT
Dampier Salt

Total production of salt from Dampier, Lake MacLeod and Port Hedland (Rio Tinto
64.9%) in Western Australia.

(100% basis)


Salt production ('000 tonnes)                               1,933 1,493 1,731 2,186   1,725     7,186    7,135
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)                                 318   358   329   350     321     1,328    1,358
TITANIUM DIOXIDE FEEDSTOCK
Rio Tinto Iron & Titanium

Rio Tinto share of titanium dioxide feedstock production in Canada and South
Africa.

(Rio Tinto share)


Titanium dioxide feedstock production ('000 tonnes)           319   290   319   291     293     1,274    1,192



Titanium dioxide feedstock production in the fourth quarter of 2003 was 8% below
that of 2002. Overall, owing to softer market demand, total output in 2003 was
6% lower compared with 2002.


OPERATIONAL DATA
                                                                                                 FULL     FULL
                                                              4Q    1Q    2Q    3Q       4Q      YEAR     YEAR
                                                             2002  2003  2003  2003    2003      2002     2003
URANIUM
Energy Resources of Australia Ltd

Total uranium production at Ranger (Rio Tinto 68.4%) in the Northern Territory,
Australia.

(100% basis)


Ranger mine
Production (tonnes U3O8)                                    1,428 1,256 1,490 1,133   1,255     4,486    5,134



Production of U3O8 in the fourth quarter of 2003 was higher than in the third
quarter of 2003 due to increased plant availability.


Rossing Uranium Ltd

Total uranium production at the Rossing Uranium mine (Rio Tinto 68.58%) in
Namibia.

(100% basis)


Production (tonnes U3O8)                                       488    20    678    904     799     2,751    2,401



The Rossing plant did not operate during the first quarter of 2003, while a new
coarse tailings conveyor was installed. During the first quarter, shipments and
sales were made from stock as planned. Since restarting in April the plant has
moved to a higher production rate in order to rebuild inventory.


ZINC
Zinkgruvan Mining AB

Total production at the Zinkgruvan mine (Rio Tinto 100%) in Sweden.


Ore treated ('000 tonnes)                                     163   167   189   191     227       735      774
Average ore grades:
   Zinc (%)                                                   8.6   9.5   9.1   8.8     9.8       7.2      9.3
   Lead (%)                                                   4.2   4.3   4.4   4.8     5.0       3.8      4.7
   Silver (g/t)                                               104    99   101   102     105        90      103
Production of zinc concentrate ('000 tonnes)                 23.3  26.3  28.2  27.5    37.1      86.8    119.2
Production of lead concentrate ('000 tonnes)                  8.5   9.1  11.0  11.3    14.4      36.0     45.8
Production of metal in concentrates:
   Zinc ('000 tonnes)                                        12.9  14.7  15.6  15.1    20.3      48.0     65.7
   Lead ('000 tonnes)                                         6.0   6.2   7.5   8.0    10.0      24.7     31.7
   Silver ('000 ounces)                                       383   363   447   460     566     1,554    1,836



Zinc production in the fourth quarter of 2003 improved strongly as ore
production and grade increased. Lead concentrate production achieved a record
level.






EXPLORATION

Expenditure



Total pre-tax exploration expenditure charged to the profit and loss account for
the quarter ending 31 December 2003 was US$30 million compared with US$37
million in the comparable quarter of  2002.  Total expenditure for the twelve
months of 2003 was US$127 million compared with US$127 million in 2002.



Ongoing Programmes


Country              Commodity            Programme Summary


Turkey               Copper - Gold        Rio Tinto passed its interest in the Copler gold project in Turkey
                                          to joint venture partner Anatolia Minerals Development Ltd for a
                                          consideration of 4 million shares, bringing Rio Tinto's
                                          shareholding in Anatolia to 15% of issued and outstanding shares.
                                          Exploration on several other properties in Turkey continued as
                                          part of a continuing joint venture with Anatolia.


Peru - Chile -       Copper               Exploration drilling continued on copper porphyry targets in
Argentina                                 southern Peru, northern Chile and Argentina. Invitations for
                                          offers of interest to acquire Rio Tinto's interest in the Marcona
                                          copper deposit in Peru were made to several companies.


USA                  Nickel               Metallurgical testwork, environmental studies and community
                                          relations work continue at the Eagle Project in Michigan in
                                          preparation for an Order of magnitude study in 2004


Iran                 Gold                 Exploration drilling, metallurgical test work and resource
                                          evaluation continued at the Dashkasan gold project in Iran.


Africa               Diamonds             Further drilling was completed on targets in Botswana.


Canada               Diamonds             Exploration continued on kimberlite targets in Ontario and
                                          Nunavut.


India                Diamonds             Exploration drilling was carried out on granted reconnaissance
                                          permits in Andhra Pradesh.


Australia            Iron Ore - Bauxite   Drilling of iron ore targets continued in the Hamersley Basin of
                                          Western Australia and on bauxite targets elsewhere in the State.


Guinea               Iron Ore             Evaluation work continued at the Simandou project and an Order of
                                          Magnitude study was initiated.




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