4QOR 2007
Rio Tinto PLC
16 January 2008
Date: 16 January 2008
Ref: PR596g
Fourth quarter 2007 operations review
Commenting on the quarter and full year production results, chief executive Tom
Albanese said: 'Rio Tinto has pulled out all the stops to boost production in
2007 while our safety record has continued to improve. Investment to expand
capacity in recent years is paying off with record volume growth in many
commodities. We are driving the business at record pace, as these strong numbers
clearly show.
'In 2007, we set annual production records for iron ore, bauxite, alumina,
aluminium, refined gold, and refined copper on a like for like basis. With
significant expansions in iron ore and aluminium and the contribution of the
Alcan acquisition, which created the world's leading aluminium producer, we are
set to see an acceleration of this growth in 2008.
'Against a background of record prices for many of our commodities and with a
strong outlook for the demand for our products in the developing markets, we
look forward with confidence.'
• Rio Tinto's iron ore production set a new annual record at 179 million
tonnes in 2007. On an attributable basis 2007 iron ore production was 145
million tonnes, a nine per cent increase on the 2006 total.
• Fourth quarter attributable iron ore production was also a record, 11
per cent ahead of the fourth quarter of 2006 and seven per cent up on the
previous quarter of 2007.
• The Pilbara operations continued their rapid expansion with the Hamersley
mines raising production by 17 per cent compared with the fourth quarter of
2006. At the end of December 2007 the Pilbara ports were operating at a rate
of 190 million tonnes per annum (164 million tonnes on an attributable
basis).
• Rio Tinto's newest iron ore mine, Hope Downs, commenced production in
November 2007, three months ahead of schedule. With the first expansion
already approved, it is expected to reach 30 million tonnes annual capacity
in 2009 - a rapid and sizeable increment to production in the Pilbara.
• Fourth quarter bauxite, alumina and aluminium production were at record
levels, increasing by 74 per cent, 133 per cent and 287 per cent respectively
compared with the same quarter of 2006. This followed the Alcan acquisition
and its subsequent integration with effect from 24 October 2007. On a
proforma basis, excluding the Alcan acquisition, quarterly and annual
production records were set for bauxite and aluminium.
• Mined copper production was five per cent higher than the third quarter of
2007 primarily reflecting increased throughput at Kennecott Utah Copper but
decreased by 14 per cent compared with the same quarter of 2006, mainly due
to lower grades at Kennecott Utah Copper and Northparkes.
• Rio Tinto's position as a significant gold producer was confirmed by its 2007
share of mined gold production of 1.2 million ounces, a 23 per cent increase
over 2006.
• Fourth quarter production of refined copper and refined gold rose 65 per cent
and 98 per cent respectively above the 2006 fourth quarter level, reflecting
a full quarter of production at the Kennecott Utah Copper smelter after the
scheduled maintenance in the fourth quarter of 2006.
• Fourth quarter uranium production was 13 per cent higher than the prior
quarter but 14 per cent lower than the 2006 comparative period. The Ranger
operation processed higher grade ore following the implementation of
dewatering strategies and optimisation of the mine plan, offsetting reduced
Rossing production due primarily to lower grades.
All currency figures in this report are US dollars unless otherwise stated
IRON ORE AND IRON
Rio Tinto share of production (000 tonnes)
Q4 07 vs Q4 06 vs Q3 07 FY 07 vs FY 06
Hamersley 28,782 +17% +6% 107,828 +16%
Robe River 7,529 +3% +18% 27,301 -3%
IOC (pellets and concentrate) 2,248 -11% -5% 7,768 -18%
In an iron ore market as tight as ever experienced, the success of the Pilbara
Blend product was evidenced by sales achieving the benchmark price throughout
the year.
In December 2007, Rio Tinto announced it would place up to 15 million tonnes of
iron ore in the spot market in 2008, recognising both very strong demand for
iron ore and the gap between benchmark and spot prices, under which Rio Tinto
has made sales at up to $190 per tonne (compared with the current equivalent
benchmark price of $85 per tonne).
In November 2007, Rio Tinto announced the approval of the $2.4 billion
development of two new mines, Brockman 4 and Mesa A (Rio Tinto share $2.0
billion), with eventual annual production expected to reach 22 million tonnes
and 25 million tonnes respectively. Both mines will commence production in 2010,
and Brockman 4 has potential to be expanded to 36 million tonnes annual
capacity. Plans were unveiled in the first half of 2007 to lift iron ore
production capacity from the Pilbara to 320 million tonnes per annum by 2012,
and a conceptual roadmap was outlined in November 2007 to add a further 100
million tonnes per annum in the Pilbara. A feasibility study to 320 million
tonnes per annum is well underway and will be completed in 2009, and the
preference is to expand port facilities at Cape Lambert. In addition, a $71
million feasibility study was approved for Hope Downs 4, as part of the project
to increase Pilbara annual capacity to 320 million tonnes in 2012.
Hamersley and Robe River
The record production and sales figures for the quarter and the year were
achieved as the cumulative effect of expansions and improvements to the supply
chain flowed through the Pilbara system. This result was achieved despite a 30
hour impact on shipping and rail from a cyclone in late December.
Fourth quarter rail performance showed a 14 per cent increase on the previous
quarter, setting a new record for tonnes moved by rail.
Mainline trials of automated train operations underway near Tom Price have so
far proved successful and this project remains on track for wider
implementation. A long-term lease was established to underpin construction of
the purpose-built Remote Operations Centre near Perth's domestic airport, which
will eventually see rail operations and other Pilbara-based functions
transferred to Perth and is expected to lead to more efficient operations.
HIsmelt
The HIsmelt plant had a strong fourth quarter with production of 44,789 tonnes.
The plant reached operation levels approaching nameplate capacity in December.
This brought the annual production total to 114,870 tonnes for 2007 from 88,733
in 2006, as the plant ramps up to 800,000 tonnes per annum nameplate capacity.
Iron Ore Company of Canada
Production of pellets and concentrates at the Iron Ore Company of Canada was 11
per cent below the fourth quarter of 2006 and five per cent below the third
quarter following planned maintenance on loading units. 2007 production was
affected by the previously reported seven week strike which occurred in the
first and second quarters of the year and concluded with a five year wage
agreement.
ALUMINIUM
Rio Tinto share of production (000 tonnes)
Q4 07 vs Q4 06 vs Q3 07 FY 07 vs FY 06
Rio Tinto Alcan
Bauxite 7,797 +74% +67% 21,022 +29%
Alumina 1,853 +133% +173% 3,877 +19%
Aluminium 835.4 +287% +286% 1,479.7 +75%
Production records were set across the board in the Aluminium product group.
Fourth quarter production of bauxite, alumina and aluminium increased sharply
compared with the same quarter of 2006 reflecting the successful completion of
the Alcan acquisition. Rio Tinto acquired the operating assets of Alcan with
effect from 24 October 2007; production is shown as from that date.
Bauxite
Excluding the impact of the Alcan acquisition which accounted for 2,813 k tonnes
in the fourth quarter, bauxite production at Weipa was 11 per cent above the
fourth quarter of 2006 and seven per cent above the previous quarter, reflecting
increased capacity from the commissioning of the second shiploader. 2007 Weipa
bauxite production was at a record level.
Alumina
The Alcan acquisition contributed 1,144 k tonnes of alumina production in the
fourth quarter. At the time of the acquisition, a 1.8 million tonne per annum
expansion of Alcan's Gove refinery was nearing completion, bringing expected
total capacity to 3.8 million tonnes per annum. The final months of the year
saw continued ramping up of the expansion which is expected to reach full
nameplate capacity by the end of 2008.
Excluding the impact of the acquisition, alumina production increased by four
per cent versus the prior quarter due to higher production at Yarwun which was
13 per cent higher than the third quarter due to maintenance activities in the
previous quarter.
Aluminium
Excluding the Alcan acquisition, aluminium production was relatively stable
versus the prior quarter with annual production records achieved at Bell Bay,
Boyne Island and Tiwai Point. The Alcan acquisition accounted for 618k tonnes in
the fourth quarter.
COPPER
Rio Tinto share of production
Q4 07 vs Q4 06 vs Q3 07 FY 07 vs FY 06
Kennecott Utah Copper
Mined copper (000 tonnes) 53.0 -20% +7% 212.2 -20%
Refined copper (000 tonnes) 59.3 +145% -14% 265.6 +22%
Molybdenum (000 tonnes) 3.0 -29% -14% 14.9 -11%
Mined gold (000 ozs) 91 -25% +3% 407 -24%
Refined gold (000 ozs) 133 +98% +3% 523 +13%
Escondida
Mined copper (000 tonnes) 103.8 +4% +3% 421.6 +7%
Refined copper (000 tonnes) 15.8 -7% -2% 71.5 +77%
Grasberg JV
Mined copper (000 tonnes) 9.4 -40% +26% 28.4 -39%
Mined gold (000 ozs) 103 +75% -30% 423 +345%
Kennecott Utah Copper
Lower metal head grades for both the quarter and the year compared with the
respective 2006 periods impacted mined copper and gold production at Kennecott
Utah Copper. Fourth quarter mined copper and gold production increased compared
with the third quarter, when a five day planned maintenance shutdown at the
concentrator took place.
Refined copper production in the fourth quarter of 2007 was substantially higher
than the 2006 comparative period, when major scheduled maintenance was
undertaken on the smelter.
Lower molybdenum production in the fourth quarter compared with the same period
in 2006 was a result of lower ore grade and high limestone levels in the
orebody.
Escondida
Mined copper for both the quarter and the full year was higher than the
corresponding period of 2006, attributable to higher copper grades. Refined
copper production in 2007 was 77 per cent higher than the prior year when the
sulphide leach project was ramping up to capacity.
Grasberg
Variances in the metal sharing rates for 2007 were a major factor in lowering
Rio Tinto's share of copper production and increasing its share of gold
production in the fourth quarter and full year 2007, compared with the same
periods of 2006.
Other operations
Lower copper production at Northparkes was attributable to an anticipated
decline in grades in the E26 block cave, as the mine transitions towards
production at E48. Lower grades at Palabora were partly compensated by higher
throughput in the fourth quarter.
In December 2007, Rio Tinto announced the approval of the development of the
$300 million Eagle mine, a high grade nickel and copper deposit with first
production expected to begin in late 2009.
ENERGY
US thermal coal
Rio Tinto share of production (000 tonnes)
Q4 07 vs Q4 06 vs Q3 07 FY 07 vs FY 06
Rio Tinto Energy America 33,384 +2% +8% 125,083 0%
Fourth quarter production was consistent with the same quarter of 2006 and eight
per cent higher than the third quarter. Production records were set at the
Spring Creek and Antelope mines as expansion projects near completion,
offsetting lower production at Jacob's Ranch and Colowyo.
Australian coal
Rio Tinto share of production (000 tonnes)
Q4 07 vs Q4 06 vs Q3 07 FY 07 vs FY 06
Rio Tinto Coal Australia
Hard coking coal 1,544 +2% -1% 6,179 +5%
Other coal 5,642 -28% -4% 24,388 -22%
In general, production at the Australian coal mines continued to be constrained
by ongoing rail and port constraints in Queensland and New South Wales and
reduced tonnage allotments in Queensland, which curtailed mined production,
despite generally favourable market conditions.
Production of hard coking coal was generally in line with the corresponding
quarter of 2006 and the prior quarter, notwithstanding lower production at
Kestrel as a result of mining through a known fault area. Full year production
was five per cent higher than 2006.
In New South Wales, reduced port throughput from coal chain infrastructure
limitations continued to restrict output from all sites at Rio Tinto subsidiary
Coal & Allied.
An investment programme by the owners and operators of the coal ports at
Newcastle and Dalrymple Bay on the eastern seaboard of Australia is expected to
increase capacity in the second half of 2008 and into 2009.
In December 2007, Rio Tinto announced the approval of the $991 million
investment in the extension and expansion of the Kestrel Mine (Rio Tinto share
$793 million). This is expected to extend the life of the mine and increase
production to an average of 5.7 million tonnes per annum until 2031.
Uranium
Rio Tinto share of production (000 lbs)
Q4 07 vs Q4 06 vs Q3 07 FY 07 vs FY 06
Energy Resources of Australia 2,288 -10% +16% 8,011 +13%
Rossing 1,216 -21% +8% 4,605 -16%
Production at the Ranger mine was ten per cent lower compared with the same
quarter of 2006, attributable to reduced access to higher grade ores. The
successful implementation of various water disposal strategies, along with the
optimisation of the mine plan throughout the year made higher grade ore
available for processing. This resulted in 13 per cent higher production overall
for 2007.
Although there was an improvement of eight per cent on the previous quarter,
lower grades at Rossing reduced fourth quarter and full year production compared
with the same periods of 2006.
DIAMONDS AND MINERALS
Diamonds
Rio Tinto share of production (000 carats)
Q4 07 vs Q4 06 vs Q3 07 FY 07 vs FY 06
Argyle 5,995 -25% +23% 18,744 -36%
Diavik 1,766 +18% -6% 7,166 +22%
Argyle's production improved on the previous quarter but was lower than the
corresponding quarter of 2006 due to continued low feed grade associated with
current mining locations. Variability in feed grade and production rates is
expected to continue as the open-pit operation approaches the end of its life
and the mine transitions to an underground operation.
Production at Diavik was 18 per cent higher than the fourth quarter of 2006 as
mining was almost exclusively from the higher grade A154S pipe in 2007 compared
with a blend of A154S and A154N pipes in 2006. Production was six per cent
lower than the third quarter due to the impact of winter weather.
In November 2007, Rio Tinto approved additional funding of $563 million (Rio
Tinto share $338 million) for the construction of the underground mining phase
of the high margin Diavik mine, bringing the total approved to $787 million (Rio
Tinto share $472 million). Diamond production from underground is due to
commence in 2009 and continue beyond 2020.
Minerals
Rio Tinto share of production (000 tonnes)
Q4 07 vs Q4 06 vs Q3 07 FY 07 vs FY 06
Borates 151 +5% +13% 560 +1%
Titanium dioxide feedstocks 384 +1% +8% 1,458 +3%
Fourth quarter production of borates and titanium dioxide feedstocks was broadly
similar to the same quarter of the prior year as firm demand in Asia Pacific and
Europe offset weakness in the US housing market.
EXPLORATION AND EVALUATION
There was a significant step up in exploration and evaluation expenditure with
gross pre-tax cash costs in the twelve months of 2007 of $570 million, compared
with $283 million in 2006. As part of Rio Tinto's continuing focus on optimising
its portfolio, $253 million (pre-tax earnings) was realised from exploration
divestments in 2007 compared with $46 million in 2006.
A summary of activity for the period is as follows:
Product Group Advanced projects Greenfield programmes
Aluminium Curua, Brazil: environmental management Brazil, Colombia, Australia
planning continued.
Morales-Cajibio, Colombia: Beneficiation
test work commenced.
Copper Sulawesi nickel, Indonesia: contract of Russia (Rio Nor JV), Kazakhstan, US,
work negotiations progressed Mexico, Chile, Peru and Argentina
Lakeview nickel-copper, US: order of
magnitude study to take place in 2008
Diamonds & Minerals Bunder diamonds, India; Chilubane and India, Canada, Russia, Mauritania and Mali
Mutamba ilmenite, Mozambique; Jarandol (diamonds); Australia, Canada, US, Turkey,
and Jadar borates, Serbia; and Namekara Serbia (industrial minerals)
vermiculite, Uganda: order of magnitude
studies continued
Energy Huren Gol coal, Mongolia and Landazuri Colombia, Canada, US, southern Africa and
coal, Colombia: further coal measures Mongolia
intersected in drilling
Iron Ore Pilbara, Australia: delineation drilling Brazil, Guinea and Gabon
continued at several advanced prospects
Mine-lease exploration continued at a number of Rio Tinto businesses including
Kennecott Utah Copper, Northparkes, Greens Creek, Energy Resources of Australia,
Rossing, Argyle, Diavik and Pilbara Iron.
Pre-feasibility or feasibility work progressed on a number of projects including
Resolution (copper/gold, US), Oyu Tolgoi (copper/gold, Mongolia), La Granja
(copper, Peru), Eagle (nickel/copper, US), Potasio Rio Colorado (potash,
Argentina), Simandou (iron ore, Guinea) and several Pilbara iron ore deposits.
Recent assay results from a drill hole at Resolution included an intersection of
318 metres at 2.15 per cent copper with the last 50 metres at 2.47 per cent.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK,
combining Rio Tinto plc, a London listed company, and Rio Tinto Limited, which
is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major
products are aluminium, copper, diamonds, energy (coal and uranium), gold,
industrial minerals (borax, titanium dioxide, salt, talc) and iron ore.
Activities span the world but are strongly represented in Australia and North
America with significant businesses in South America, Asia, Europe and southern
Africa.
Forward-Looking Statements
This announcement includes 'forward-looking statements' within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical facts included in this announcement, including, without
limitation, those regarding Rio Tinto's financial position, business strategy,
plans and objectives of management for future operations (including development
plans and objectives relating to Rio Tinto's products, production forecasts and
reserve and resource positions), are forward-looking statements. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
Rio Tinto, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Rio
Tinto's present and future business strategies and the environment in which Rio
Tinto will operate in the future. Among the important factors that could cause
Rio Tinto's actual results, performance or achievements to differ materially
from those in the forward-looking statements include, among others, levels of
actual production during any period, levels of demand and market prices, the
ability to produce and transport products profitably, the impact of foreign
currency exchange rates on market prices and operating costs, operational
problems, political uncertainty and economic conditions in relevant areas of the
world, the actions of competitors, activities by governmental authorities such
as changes in taxation or regulation and such other risk factors identified in
Rio Tinto's most recent Annual Report on Form 20-F filed with the United States
Securities and Exchange Commission (the 'SEC') or Form 6-Ks furnished to the
SEC. Forward-looking statements should, therefore, be construed in light of such
risk factors and undue reliance should not be placed on forward-looking
statements. These forward-looking statements speak only as of the date of this
announcement. Rio Tinto expressly disclaims any obligation or undertaking
(except as required by applicable law, the City Code on Takeovers and Mergers
(the 'Takeover Code'), the UK Listing Rules, the Disclosure and Transparency
Rules of the Financial Services Authority and the Listing Rules of the
Australian Securities Exchange) to release publicly any updates or revisions to
any forward-looking statement contained herein to reflect any change in Rio
Tinto's expectations with regard thereto or any change in events, conditions or
circumstances on which any such statement is based.
Nothing in this announcement should be interpreted to mean that future earnings
per share of Rio Tinto plc or Rio Tinto Limited will necessarily match or exceed
its historical published earnings per share.
Subject to the requirements of the Takeover Code, none of Rio Tinto, any of its
officers or any person named in this announcement with their consent or any
person involved in the preparation of this announcement makes any representation
or warranty (either express or implied) or gives any assurance that the implied
values, anticipated results, performance or achievements expressed or implied in
forward-looking statements contained in this announcement will be achieved.
For further information, please contact:
Media Relations, Australia Media Relations, London
Amanda Buckley Christina Mills
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Jason Combes
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Email: questions@riotinto.com
Website: www.riotinto.com
High resolution photographs available at: www.newscast.co.uk
RIO TINTO PRODUCTION SUMMARY
RIO TINTO SHARE OF PRODUCTION
QUARTER FULL YEAR % CHANGE
2006 2007 2007 2006 2007 Q4 07 Q4 07 2007
Q4 Q3 Q4 vs vs vs
Principal Commodities Q3 07 Q4 06 2006
Alumina ('000 t) 795 679 1,853 3,247 3,877 173% 133% 19%
Aluminium ('000 t) 215.8 216.2 835.4 844.7 1,479.7 286% 287% 75%
Borates ('000 t) 145 134 151 553 560 13% 5% 1%
Coal - hard coking coal ('000 t) 1,516 1,564 1,544 5,909 6,179 -1% 2% 5%
Coal - other Australian ('000 t) 7,782 5,855 5,642 31,159 24,388 -4% -28% -22%
Coal - US ('000 t) 32,797 31,024 33,384 125,260 125,083 8% 2% 0%
Copper - mined ('000 t) 209.8 172.5 180.8 803.5 737.9 5% -14% -8%
Copper - refined ('000 t) 54.0 98.7 89.0 299.2 390.0 -10% 65% 30%
Diamonds ('000 cts) 9,561 6,770 7,807 35,162 26,023 15% -18% -26%
Gold - mined ('000 ozs) 294 335 293 1,003 1,233 -13% 0% 23%
Gold - refined ('000 ozs) 67 128 133 462 523 3% 98% 13%
Iron ore ('000 t) 35,057 36,390 38,956 132,780 144,707 7% 11% 9%
Titanium dioxide ('000 t) 380 356 384 1,415 1,458 8% 1% 3%
feedstock
Uranium ('000 lbs) 4,075 3,105 3,504 12,561 12,616 13% -14% 0%
Other Metals & Minerals
Bauxite ('000 t) 4,488 4,676 7,797 16,319 21,022 67% 74% 29%
Lead ('000 t) 3.4 3.3 3.0 11.9 11.9 -8% -12% 1%
Molybdenum ('000 t) 4.2 3.5 3.0 16.8 14.9 -14% -29% -11%
Pig Iron ('000 t) 19 29 27 53 69 -9% 43% 30%
Salt ('000 t) 1,307 1,480 1,686 5,405 5,242 14% 29% -3%
Silver - mined ('000 ozs) 3,975 3,371 2,878 13,968 13,002 -15% -28% -7%
Silver - refined ('000 ozs) 598 1,164 1,317 4,152 4,365 13% 120% 5%
Talc ('000 t) 325 318 284 1,392 1,281 -11% -13% -8%
Zinc ('000 t) 10.2 9.6 9.8 33.4 35.7 2% -4% 7%
'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 nine month figures.
RIO TINTO SHARE OF PRODUCTION
FULL FULL
Rio Tinto 4Q 1Q 2Q 3Q 4Q YEAR YEAR
interest 2006 2007 2007 2007 2007 2006 2007
ALUMINA
Production ('000 tonnes)
Eurallumina (a) 0% 52 - - 513
- - -
Gardanne (b) 100% - - 21 -
- - 21
Gove (b) 100% - - 405 - 405
- -
Jonquiere (b) 100% - - 252 - 252
- -
Queensland Alumina (b) (c) 80% 384 365 362 377 662 1,494 1,766
Sao Luis (Alumar) (b) 10% - - - - 29 - 29
Yarwun (d) 100% 360 296 323 301 339 1,240 1,260
Speciality alumina plants (b) 100% - - - - 144 - 144
Rio Tinto total alumina production 795 661 685 679 1,853 3,247 3,877
ALUMINIUM
Refined production ('000 tonnes)
Australia - Bell Bay 100% 45.5 43.6 45.0 44.8 45.0 177.5 178.3
Australia - Boyne Island 59% 81.0 81.7 82.3 82.2 83.3 325.0 329.6
Australia - Tomago (b) 52% - - 50.2 - 50.2
- -
Cameroon - Alucam (Edea) (b) 47% - - 8.8 -
- - 8.8
Canada - seven wholly owned (b) 100% - - 270.5 - 270.5
- -
Canada - Alouette (b) 40% - - 43.5 - 43.5
- -
Canada - Becancour (b) 25% - - 20.1 - 20.1
- -
China - Ningxia (Qingtongxia) (b) 50% - - 15.5 - 15.5
- -
France - three wholly owned (b) 100% - - 79.7 - 79.7
- -
Iceland - ISAL (Reykjavik) (b) 100% - - - - 35.0 - 35.0
New Zealand - Tiwai Point (b) 79% 71.2 68.9 70.2 70.4 71.4 268.9 280.9
Norway - SORAL (Husnes) (b) 50% - - - - 16.0 - 16.0
UK - two wholly owned (b) 100% - - - - 41.6 - 41.6
UK - Anglesey 51% 18.1 17.5 18.9 18.8 18.1 73.3 73.3
USA - Sebree (b) 100% - - - - 36.8 - 36.8
Rio Tinto total aluminium 215.8 211.7 216.5 216.2 835.4 844.7 1,479.7
production
BAUXITE
Production ('000 tonnes)
Awaso (b) (e) 80% - - - - 173 - 173
Sangaredi (b) (f) - - - - 1,248 - 1,248
Gove (b) 100% - - - - 985 - 985
Porto Trombetas (b) 12% - - - - 407 - 407
Weipa (g) 100% 4,488 4,272 4,278 4,676 4,984 16,319 18,209
Rio Tinto total bauxite production 4,488 4,272 4,278 4,676 7,797 16,319 21,022
BORATES
Production ('000 tonnes B2O3 content)
Rio Tinto Minerals - borates 100% 145 129 145 134 151 553 560
COAL - HARD COKING
Rio Tinto Coal Australia ('000 tonnes)
Hail Creek Coal 82% 1,193 1,124 1,032 864 1,090 3,726 4,110
Kestrel Coal 80% 324 314 601 700 454 2,183 2,069
Rio Tinto total hard coking coal production 1,516 1,438 1,633 1,564 1,544 5,909 6,179
COAL - OTHER *
Rio Tinto Coal Australia ('000 tonnes)
Bengalla 30% 434 398 324 422 417 1,679 1,561
Blair Athol Coal 71% 1,911 1,667 1,580 1,374 1,023 7,259 5,645
Hunter Valley Operations 76% 2,180 2,004 1,818 1,774 2,047 9,104 7,642
Kestrel Coal 80% 121 151 271 261 145 691 828
Mount Thorley Operations 61% 595 497 252 396 625 2,359 1,771
Tarong Coal 100% 1,778 1,736 1,021 872 881 6,979 4,510
Warkworth 42% 764 586 584 756 504 3,089 2,430
Total Australian other coal 7,782 7,041 5,850 5,855 5,642 31,159 24,388
Rio Tinto Energy America ('000 tonnes)
Antelope 100% 7,640 7,691 7,682 7,601 8,292 30,749 31,267
Colowyo (h) 1,358 1,224 1,342 1,280 1,232 5,754 5,077
Cordero Rojo 100% 9,524 9,060 9,034 8,622 9,996 36,094 36,712
Decker 50% 866 744 784 833 809 3,225 3,170
Jacobs Ranch 100% 9,646 8,537 8,478 8,750 8,801 36,258 34,565
Spring Creek 100% 3,764 3,100 2,999 3,938 4,254 13,181 14,291
Total US coal 32,797 30,357 30,318 31,024 33,384 125,260 125,083
Rio Tinto total other coal 40,580 37,398 36,169 36,878 39,025 156,419 149,471
production
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.
* Coal - other includes thermal coal and semi-soft coking coal.
See footnotes on page 13.
RIO TINTO SHARE OF PRODUCTION (continued)
FULL FULL
Rio Tinto 4Q 1Q 2Q 3Q 4Q YEAR YEAR
interest 2006 2007 2007 2007 2007 2006 2007
COPPER
Mine production ('000 tonnes)
Bingham Canyon 100% 66.4 54.1 55.6 49.5 53.0 265.6 212.2
Escondida 30% 99.8 111.5 105.2 101.2 103.8 394.0 421.6
Grasberg - Joint Venture (i) 40% 15.8 5.8 5.6 7.5 9.4 46.2 28.4
Northparkes 80% 17.8 13.7 9.9 5.6 5.3 66.6 34.5
Palabora (j) 58% 10.0 13.0 10.2 8.7 9.3 31.1 41.2
Rio Tinto total mine production 209.8 198.1 186.5 172.5 180.8 803.5 737.9
Refined production ('000 tonnes)
Escondida 30% 17.1 19.9 19.7 16.1 15.8 40.3 71.5
Kennecott Utah Copper 100% 24.2 69.7 67.9 68.7 59.3 217.9 265.6
Palabora (j) 58% 12.7 12.0 13.2 13.8 13.8 40.9 52.9
Rio Tinto total refined production 54.0 101.6 100.7 98.7 89.0 299.2 390.0
DIAMONDS
Production ('000 carats)
Argyle 100% 8,026 3,470 4,414 4,865 5,995 29,078 18,744
Diavik 60% 1,495 1,551 1,975 1,874 1,766 5,897 7,166
Murowa 78% 39 12 24 31 46 187 113
Rio Tinto total diamond production 9,561 5,033 6,413 6,770 7,807 35,162 26,023
GOLD
Mine production ('000 ounces)
Barneys Canyon 100% 3 2 3 3 2 15 11
Bingham Canyon 100% 118 106 117 86 88 523 397
Cortez/Pipeline 40% 61 45 61 53 55 178 215
Escondida 30% 14 14 14 14 14 51 56
Grasberg - Joint Venture (i) 40% 59 74 97 149 103 95 423
Greens Creek 70% 13 11 11 13 12 44 48
Northparkes 80% 21 20 17 12 13 76 63
Rawhide 51% 3 3 3 2 2 13 10
Others - 3 3 3 3 3 9 11
Rio Tinto total mine production 294 278 327 335 293 1003 1,233
Refined production ('000 ounces)
Kennecott Utah Copper 100% 67 115 147 128 133 462 523
IRON ORE & IRON
Production ('000 tonnes)
Channar 60% 1,591 1,585 1,743 1,554 1,448 5,879 6,330
Corumba 100% 549 460 424 528 365 1,982 1,777
Eastern Range (k) 2,112 2,166 1,670 1,562 1,535 8,215 6,932
Hamersley 100% 20,964 20,161 24,617 23,990 25,799 79,208 94,567
Hope Downs 50% 32 32
Iron Ore Company of Canada 59% 2,519 1,413 1,730 2,376 2,248 9,442 7,768
Robe River 53% 7,321 6,460 6,932 6,381 7,529 28,054 27,301
Rio Tinto total mine production 35,057 32,245 37,117 36,390 38,956 132,780 144,707
Pig iron production ('000 tonnes)
HIsmelt(R) 60% 19 13 0 29 27 53 69
LEAD
Mine production ('000 tonnes)
Greens Creek 70% 3.4 2.9 2.8 3.3 3.0 11.9 11.9
MOLYBDENUM
Mine production ('000 tonnes)
Bingham Canyon 100% 4.2 4.7 3.8 3.5 3.0 16.8 14.9
SALT
Production ('000 tonnes)
Rio Tinto Minerals - salt (l) 68% 1,307 1,116 958 1,480 1,686 5,405 5,242
SILVER
Mine production ('000 ounces)
Bingham Canyon 100% 928 856 981 757 892 4,214 3,487
Escondida 30% 533 563 592 670 536 1,994 2,361
Grasberg - Joint Venture (i) 40% 534 0 114 210 154 670 477
Greens Creek 70% 1,754 1,666 1,627 1,607 1,175 6,230 6,075
Others - 226 187 166 127 121 861 602
Rio Tinto total mine production 3,975 3,272 3,480 3,371 2,878 13,968 13,002
Refined production ('000 ounces)
Kennecott Utah Copper 100% 598 870 1,014 1,164 1,317 4,152 4,365
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 13.
RIO TINTO SHARE OF PRODUCTION (continued)
FULL FULL
Rio Tinto 4Q 1Q 2Q 3Q 4Q YEAR YEAR
interest 2006 2007 2007 2007 2007 2006 2007
TALC
Production ('000 tonnes)
Rio Tinto Minerals - talc 100% 325 352 326 318 284 1392 1,281
TITANIUM DIOXIDE FEEDSTOCK
Production ('000 tonnes)
Rio Tinto Iron & Titanium 100% 380 351 367 356 384 1,415 1,458
URANIUM (m)
Production ('000 lbs U3O8)
Energy Resources of Australia 68% 2,541 1,507 2,236 1,980 2,288 7,092 8,011
Rossing 69% 1,534 1,292 971 1,126 1,216 5,469 4,605
Rio Tinto total uranium production 4,075 2,799 3,207 3,105 3,504 12,561 12,616
ZINC
Mine production ('000 tonnes)
Greens Creek 70% 10.2 8.8 7.5 9.6 9.8 33.4 35.7
Production data notes
(a) Rio Tinto sold its 56.2% share in Eurallumina with an effective date of
31 October 2006 and production data are shown up to that date.
(b) Rio Tinto acquired the operating assets of Alcan with effect from 24
October 2007; production is shown as from that date. The Rio Tinto assets and
the Alcan assets have been combined under the Rio Tinto Alcan name.
(c) Rio Tinto held a 38.6% share in QAL until 24 October 2007; this
increased to 80.0% following the Alcan acquisition.
(d) Yarwun was previously known as Comalco Alumina Refinery.
(e) Rio Tinto Alcan has an 80% interest in the Awaso mine but purchases the
additional 20% of production
(f) Rio Tinto has a 22.9% shareholding in the Sangaredi mine but receives
45% of production under the partnership agreement.
(g) Includes beneficiated and calcined bauxite production.
(h) In view of Rio Tinto Energy America's responsibilities under a
management agreement for the operation of the Colowyo mine, all of Colowyo's
output is included in Rio Tinto's share of production.
(i) Through a joint venture agreement with Freeport-McMoRan Copper & Gold
(FCX), Rio Tinto is entitled to 40% of additional material mined as a
consequence of expansions and developments of the Grasberg facilities since
1998. Rio Tinto's share of production reflects actual production for the full
twelve months of 2007.
(j) Rio Tinto's shareholding in Palabora varied during 2006 due to the
progressive conversion of debentures into ordinary shares.
(k) Rio Tinto's share of production includes 100% of the production from the
Eastern Range mine. Under the terms of the joint venture agreement, Hamersley
Iron manages the operation and is obliged to purchase all mine production from
the joint venture.
(l) Rio Tinto increased its shareholding in Rio Tinto Minerals - salt to
68.4% at the beginning of July 2007.
(m) With effect from the second quarter of 2007 Rio Tinto is reporting uranium
production as '000 lbs U3O8 rather than tonnes.
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. Rio Tinto percentage interest shown above is
at 31 December 2007.
RIO TINTO OPERATIONAL DATA
FULL FULL
Rio Tinto 4Q 1Q 2Q 3Q 4Q YEAR YEAR
interest 2006 2007 2007 2007 2007 2006 2007
ALUMINIUM
Rio Tinto Alcan (a)
Bauxite Mines
Bauxite production ('000 tonnes)
Australia
Gove mine - Northern Territory (a) 100.0% - - - - 985 - 985
Weipa mine - Queensland (b) 100.0% 4,488 4,272 4,278 4,676 4,984 16,319 18,209
Brazil
Porto Trombetas (MRN) mine (a) 12.0% - - - - 3,392 - 3,392
Ghana
Awaso mine (a) (c) 80.0% - - - - 216 - 216
Guinea
Sangaredi mine (a) (d) 22.9% - - - - 2,774 - 2,774
Rio Tinto Alcan share of bauxite
shipments
Share of bauxite shipments ('000 tonnes) 4,451 4,263 4,157 4,774 6,682 15,857 19,877
Smelter-Grade Alumina Refineries
Alumina production ('000 tonnes)
Australia
Gove refinery - Northern Territory (a) 100.0% - - - - 405 - 405
Queensland Alumina Refinery - Queensland
(a) (e) 80.0% 993 945 938 977 956 3,871 3,816
Yarwun refinery - Queensland (f) 100.0% 360 296 323 301 339 1,240 1,260
Brazil
Sao Luis (Alumar) refinery (a) 10.0% - - - - 288 - 288
Canada
Jonquiere refinery - Quebec (a) 100.0% - - - - 252 - 252
France
Gardanne refinery (a) 100.0% - - - - 21 - 21
Italy
Eurallumina refinery - Sardinia (g) 0.0% 92 - - - - 914 -
Specialty Alumina Plants
Speciality alumina production ('000 tonnes)
Canada
Brockville plant - Quebec (a) 100.0% - - - - 3 - 3
Jonquiere plant - Quebec (a) 100.0% - - - - 22 - 22
France
Beyrede plant (a) 100.0% - - - - 102 - 102
Gardanne plant (a) 100.0% - - - - 6 - 6
La Bathie plant (a) 100.0% - - - - 5 - 5
Germany
Teutschenthal plant (a) 100.0% - - - - 6 - 6
(a) Rio Tinto acquired the operating assets of Alcan with effect from 24
October 2007; production is shown as from that date. The Rio Tinto assets and
the Alcan assets have been combined under the Rio Tinto Alcan name.
(b) For Weipa, beneficiated and calcined production, previously shown
separately, are now shown on one row.
(c) Rio Tinto Alcan has an 80% interest in the Awaso mine but purchases the
additional 20% of production
(d) Rio Tinto has a 22.9% shareholding in the Sangaredi mine but receives
45% of production under the partnership agreement.
(e) Rio Tinto held a 38.6% share in QAL until 24 October 2007; this
increased to 80.0% following the Alcan acquisition
(f) Yarwun alumina refinery was previously known as Comalco Alumina
Refinery
(g) Rio Tinto sold its 56.2% share in Eurallumina with an effective date of
31 October 2006 and production data are shown up to that date.
Rio Tinto percentage interest shown above is at 31 December 2007. The data represent full production and sales on a
100% basis unless otherwise stated.
RIO TINTO OPERATIONAL DATA
FULL FULL
Rio Tinto 4Q 1Q 2Q 3Q 4Q YEAR YEAR
interest 2006 2007 2007 2007 2007 2006 2007
ALUMINIUM (continued)
Aluminium Smelters
Primary aluminium production ('000
tonnes)
Australia
Bell Bay smelter - Tasmania 100.0% 45 44 45 45 45 177 178
Boyne Island smelter - Queensland 59.4% 136 136 138 137 139 545 550
Tomago smelter - New South Wales (a) 51.6% - - - - 97 - 97
Cameroon
Alucam (Edea) smelter (a) 46.7% - - - - 19 - 19
Canada
Alma smelter - Quebec (a) 100.0% - - - - 80 - 80
Alouette (Sept-Iles) smelter - Quebec (a) 40.0% - - - - 109 - 109
Arvida smelter - Quebec (a) 100.0% - - - - 32 - 32
Beauharnois, smelter - Quebec (a) 100.0% - - - - 10 - 10
Becancour smelter - Quebec (a) 25.1% - - - - 80 - 80
Grande-Baie smelter - Quebec (a) 100.0% - - - - 40 - 40
Kitimat smelter - British Colombia (a) 100.0% - - - - 47 - 47
Laterriere smelter - Quebec (a) 100.0% - - - - 44 - 44
Shawinigan smelter - Quebec (a) 100.0% - - - - 18 - 18
China
Ningxia (Qingtongxia) smelter (a) 50.0% - - - - 31 - 31
France
Dunkerque smelter (a) 100.0% - - - - 49 - 49
Lannemezan, smelter (a) 100.0% - - - - 5 - 5
St-Jean-de Maurienne smelter (a) 100.0% - - - - 25 - 25
Iceland
ISAL (Reykjavik) smelter (a) 100.0% - - - - 35 - 35
New Zealand
Tiwai Point smelter 79.4% 89 87 88 89 90 337 353
Norway
SORAL (Husnes) smelter (a) 50.0% - - - - 32 - 32
United Kingdom
Anglesey Aluminium smelter 51.0% 35 35 37 37 36 144 145
Lochaber smelter (a) 100.0% - - - - 8 - 8
Lynemouth smelter (a) 100.0% - - - - 33 - 33
USA
Sebree smelter - Kentucky (a) 100.0% - - - - 37 - 37
Rio Tinto Alcan share of metal sales
Share of primary aluminium sales ('000 tonnes) 233 196 226 211 1,031 850 1,663
(a) Rio Tinto acquired the operating assets of Alcan with effect from 24
October 2007; production is shown as from that date. The Rio Tinto assets and
the Alcan assets have been combined under the Rio Tinto Alcan name.
BORATES
Rio Tinto Minerals - borates 100.0%
California, US and Argentina
Borates ('000 tonnes) (a) 145 129 145 134 151 553 560
(a) Production is expressed as B2O3 content.
Rio Tinto percentage interest shown above is at 31 December 2007. The data represent full production and sales on a
100% basis unless otherwise stated.
RIO TINTO OPERATIONAL DATA
FULL FULL
Rio Tinto 4Q 1Q 2Q 3Q 4Q YEAR YEAR
interest 2006 2007 2007 2007 2007 2006 2007
COAL
Rio Tinto Coal Australia
Bengalla mine 30.3%
New South Wales, Australia
Thermal coal production ('000 tonnes) 1,433 1,315 1,070 1,394 1,376 5,544 5,155
Blair Athol Coal mine 71.2%
Queensland, Australia
Thermal coal production ('000 tonnes) 2,682 2,341 2,218 1,929 1,436 10,190 7,924
Hail Creek Coal mine 82.0%
Queensland, Australia
Hard coking coal production ('000 tonnes) 1,455 1,371 1,259 1,054 1,329 4,544 5,012
Hunter Valley Operations 75.7%
New South Wales, Australia
Thermal coal production ('000 tonnes) 2,264 2,316 2,020 1,883 2,046 10,221 8,264
Semi-soft coking coal production ('000 tonnes) 616 331 381 460 657 1,804 1,830
Kestrel Coal mine 80.0%
Queensland, Australia
Thermal coal production ('000 tonnes) 151 189 339 326 181 863 1,035
Hard coking coal production ('000 tonnes) 404 392 751 875 567 2,729 2,586
Mount Thorley Operations 60.6%
New South Wales, Australia
Thermal coal production ('000 tonnes) 857 657 280 261 731 2,902 1,929
Semi-soft coking coal production ('000 tonnes) 125 163 137 393 302 993 995
Tarong Coal mine 100.0%
Queensland, Australia
Thermal coal production ('000 tonnes) 1,778 1,736 1,021 872 881 6,979 4,510
Warkworth mine 42.1%
New South Wales, Australia
Thermal coal production ('000 tonnes) 1,686 1,343 1,172 1,663 1,197 7,014 5,376
Semi-soft coking coal production ('000 tonnes) 130 51 216 133 0 327 400
Total hard coking coal production ('000 tonnes) 1,859 1,763 2,010 1,929 1,896 7,273 7,598
Total hard coking coal sales ('000 tonnes) 1,962 1,776 1,605 1,580 1,962 6,432 6,924
Total other coal production ('000 tonnes) (a) 11,722 10,443 8,854 9,314 8,808 46,837 37,419
Total other coal sales ('000 tonnes) (b)(c) 11,173 11,127 9,762 9,322 9,892 46,760 40,103
Total coal production ('000 tonnes) 13,581 12,206 10,864 11,243 10,704 54,110 45,017
Total coal sales ('000 tonnes) 13,135 12,903 11,368 10,902 11,854 53,193 47,026
Rio Tinto Coal Australia share
Share of hard coking coal sales ('000 tonnes) 1,603 1,447 1,306 1,285 1,600 5,243 5,639
Share of other coal sales ('000 tonnes) (b) (c) 7,525 7,523 6,453 5,937 6,285 31,276 26,197
(a) Other coal production includes thermal coal and semi-soft coking coal.
(b) Other coal sales includes thermal coal, semi-soft coking coal and
semi-hard coking coal (a mixture of thermal coal and coking coal).
(c) Sales relate only to coal mined by the operations and exclude traded
coal.
Rio Tinto Energy America
Antelope mine 100.0%
Wyoming, US
Thermal coal production ('000 7,640 7,691 7,682 7,601 8,292 30,749 31,267
tonnes)
Colowyo mine (a)
Colorado, US
Thermal coal production ('000 1,358 1,224 1,342 1,280 1,232 5,754 5,077
tonnes)
Cordero Rojo mine 100.0%
Wyoming, US
Thermal coal production ('000 9,524 9,060 9,034 8,622 9,996 36,094 36,712
tonnes)
Decker mine 50.0%
Montana, US
Thermal coal production ('000 1,733 1,488 1,568 1,666 1,618 6,449 6,340
tonnes)
Jacobs Ranch mine 100.0%
Wyoming, US
Thermal coal production ('000 9,646 8,537 8,478 8,750 8,801 36,258 34,565
tonnes)
Spring Creek mine 100.0%
Montana, US
Thermal coal production ('000 3,764 3,100 2,999 3,938 4,254 13,181 14,291
tonnes)
Total coal production ('000 tonnes) 33,664 31,101 31,103 31,857 34,192 128,484 128,253
Total coal sales ('000 tonnes) 33,661 31,101 31,103 32,165 33,891 128,482 128,260
(a) In view of Rio Tinto Energy America's responsibilities under a
management agreement for the operation of the Colowyo mine, all of Colowyo's
output is included in Rio Tinto's share of production.
Rio Tinto percentage interest shown above is at 31 December 2007. The data represent full production and sales on a
100% basis unless otherwise stated.
RIO TINTO OPERATIONAL DATA
FULL FULL
Rio Tinto 4Q 1Q 2Q 3Q 4Q YEAR YEAR
interest 2006 2007 2007 2007 2007 2006 2007
COPPER & GOLD
Escondida 30.0%
Chile
Sulphide ore to concentrator ('000
tonnes) 22,585 23,450 23,064 22,406 21,777 84,158 90,697
Average copper grade (%) 1.55 1.62 1.58 1.63 1.72 1.59 1.64
Mill production (metals in
concentrates):
Contained copper ('000 tonnes) 289.4 319.1 305.6 305.2 316.8 1,122.2 1,246.7
Contained gold ('000 ounces) 46 45 48 48 45 170 187
Contained silver ('000 ounces) 1,777 1,877 1,973 2,234 1,786 6,646 7,870
Ore to leach ('000 tonnes) (a) 9,659 15,509 8,435 7,329 3,723 56,064 34,996
Average copper grade (%) 0.45 0.34 0.53 0.44 0.78 0.34 0.45
Contained copper in leachate/mined material
('000 tonnes) 43 52 45 32 29 191 159
Refined production from leach plants:
Copper cathode production ('000 tonnes) 57 66 66 54 53 134 238
Freeport-McMoRan Copper & Gold
Grasberg mine (a) 0.0% (40.0% of the expansion)
Papua, Indonesia
Ore treated ('000 tonnes) 22,681 20,563 19,568 18,267 17,287 83,716 75,685
Average mill head grades:
Copper (%) 1.08 1.21 0.82 0.58 0.61 0.85 0.82
Gold (g/t) 0.95 2.01 1.63 0.70 0.34 0.85 1.21
Silver (g/t) 3.87 4.75 3.56 2.91 2.26 3.84 3.43
Production of metals in
concentrates:
Copper in concentrates ('000 220.3 225.6 145.9 90.8 91.1 610.8 553.4
tonnes)
Gold in concentrates ('000 589 1,182 916 336 142 1,880 2,576
ounces)
Silver in concentrates ('000 2,083 2,273 1,397 693 696 5,609 5,058
ounces)
Sales of payable metals in concentrates: (b)
Copper in concentrates ('000 tonnes) 211.3 194.2 157.4 96.9 80.3 589.7 528.7
Gold in concentrates ('000 ounces) 564 1,010 978 383 125 1,831 2,496
Silver in concentrates ('000 ounces) 1,592 1,571 1,202 598 491 4,315 3,863
(a) Through a joint venture agreement with Freeport-McMoRan Copper & Gold
(FCX), Rio Tinto is entitled to 40% of additional material mined as a
consequence of expansions and developments of the Grasberg facilities since
1998. The full year 2007 results include actual data for the first three
quarters of 2007 plus a fourth quarter forecast from FCX's most recent five-year
plan. FCX is not releasing its actual 100% operating data for the full year 2007
until the release of its 2007 full year results on January 23, 2008.
(b) Net of smelter deductions.
Rio Tinto percentage interest shown above is at 31 December 2007. The data represent full production and sales on a
100% basis unless otherwise stated.
RIO TINTO OPERATIONAL DATA
FULL FULL
Rio Tinto 4Q 1Q 2Q 3Q 4Q YEAR YEAR
interest 2006 2007 2007 2007 2007 2006 2007
COPPER & GOLD (continued)
Kennecott Minerals Company
Cortez/Pipeline mine 40.0%
Nevada, US
Ore treated
Milled ('000 tonnes) 842 763 697 914 648 3,298 3,023
Leached ('000 tonnes) 7,312 11,007 5,956 4,775 8,510 23,040 30,248
Sold for roasting ('000 tonnes) - - - - - 35 -
Average ore grade: gold
Milled (g/t) 2.64 2.49 2.80 2.83 4.18 2.52 3.02
Leached (g/t) 0.42 0.52 0.51 0.50 0.50 0.41 0.51
Sold for roasting (g/t) - - - - - 6.50 -
Gold produced ('000 ounces) 153 113 154 134 138 444 538
Greens Creek mine 70.3%
Alaska, US
Ore treated ('000 tonnes) 187 166 148 178 172 664 664
Average ore grades:
Gold (g/t) 4.82 4.44 4.57 4.85 4.86 4.45 4.69
Silver (g/t) 540 562 624 533 416 541 530
Zinc (%) 10.1 9.5 9.1 9.6 10.3 9.4 9.7
Lead (%) 3.6 3.6 3.8 3.7 3.5 3.7 3.6
Metals produced in concentrates:
Gold ('000 ounces) 19 16 15 19 18 63 68
Silver ('000 ounces) 2,497 2,371 2,316 2,287 1,672 8,866 8,646
Zinc ('000 tonnes) 14.5 12.5 10.6 13.7 13.9 47.5 50.8
Lead ('000 tonnes) 4.8 4.2 3.9 4.6 4.3 16.9 17.0
Rawhide mine (a) 51.0%
Nevada, US
Metals produced in dore:
Gold ('000 ounces) 6 5 6 4 4 26 19
Silver ('000 ounces) 50 51 54 34 21 232 160
(a) Mining operations were completed in October 2002 and processing of
stockpiled ores was completed in May 2003. Residual gold and silver production
continues from the leach pads.
Kennecott Utah Copper
Barneys Canyon mine (a) 100.0%
Utah, US
Gold produced ('000 ounces) 3 2 3 3 2 15 11
(a) Mining operations ceased in the first quarter of 2002. Gold continues to be recovered from leach pads.
Bingham Canyon mine 100.0%
Utah, US
Ore treated ('000 tonnes) 12,083 11,922 12,499 10,988 12,116 47,857 47,525
Average ore grade:
Copper (%) 0.63 0.56 0.53 0.52 0.51 0.63 0.53
Gold (g/t) 0.44 0.43 0.42 0.36 0.31 0.49 0.38
Silver (g/t) 3.09 3.14 3.07 2.87 2.93 3.50 3.00
Molybdenum (%) 0.055 0.056 0.050 0.050 0.043 0.057 0.050
Copper concentrates produced ('000 tonnes) 245 202 234 222 230 1,019 889
Average concentrate grade (% Cu) 27.1 26.7 23.6 22.2 23.0 26.0 23.8
Production of metals in copper concentrates:
Copper ('000 tonnes) (b) 66.4 54.1 55.6 49.5 53.0 265.6 212.2
Gold ('000 ounces) 118 106 117 86 88 523 397
Silver ('000 ounces) 928 856 981 757 892 4,214 3,487
Molybdenum concentrates produced ('000 tonnes): 7.4 8.3 6.7 6.2 5.4 30.2 26.6
Molybdenum in concentrates ('000 tonnes) 4.2 4.7 3.8 3.5 3.0 16.8 14.9
Kennecott smelter & refinery 100.0%
Copper concentrates smelted ('000 tonnes) 156 272 297 263 272 918 1,103
Copper anodes produced ('000 tonnes) (c) 33.3 69.0 73.7 61.8 56.7 215.8 261.2
Production of refined metal:
Copper ('000 tonnes) 24.2 69.7 67.9 68.7 59.3 217.9 265.6
Gold ('000 ounces) (d) 67 115 147 128 133 462 523
Silver ('000 ounces) (d) 598 870 1,014 1,164 1,317 4,152 4,365
(b) Includes a small amount of copper in precipitates.
(c) New metal excluding recycled material.
(d) Includes gold and silver in intermediate products.
Rio Tinto percentage interest shown above is at 31 December 2007. The data represent full production and sales on a
100% basis unless otherwise stated.
RIO TINTO OPERATIONAL DATA
FULL FULL
Rio Tinto 4Q 1Q 2Q 3Q 4Q YEAR YEAR
interest 2006 2007 2007 2007 2007 2006 2007
COPPER & GOLD (continued)
Northparkes Joint Venture 80.0%
New South Wales, Australia
Ore treated ('000 tonnes) 1,499 1,367 1,363 1,264 1,304 5,789 5,297
Average ore grades:
Copper (%) 1.57 1.38 1.01 0.65 0.59 1.53 0.91
Gold (g/t) 0.71 0.78 0.67 0.50 0.51 0.64 0.62
Copper concentrates produced ('000 tonnes) 54.2 42.2 32.4 21.4 19.6 207.4 115.7
Contained copper in concentrates:
Saleable production ('000 tonnes) 22.2 17.2 12.4 7.0 6.6 83.3 43.1
Sales ('000 tonnes) (a) 15.6 16.3 13.6 9.5 8.2 61.4 47.6
Contained gold in concentrates:
Saleable production ('000 ounces) 26.0 25.6 21.8 15.1 16.3 94.7 78.8
Sales ('000 ounces) (a) 17.0 19.1 16.2 23.3 16.7 62.7 75.4
(a) Rio Tinto's 80% share of material from the Joint Venture.
Palabora (a) 57.7%
Palabora mine
South Africa
Ore treated ('000 tonnes) 2,783 2,886 3,025 3,046 3,958 10,730 12,915
Average ore grade: copper (%) 0.72 0.71 0.70 0.68 0.69 0.71 0.70
Copper concentrates produced ('000 tonnes) 61.0 82.1 56.0 48.6 52.5 208.9 239.2
Average concentrate grade: copper (%) 28.5 27.4 31.5 31.0 30.7 29.4 29.8
Copper in concentrates ('000 tonnes) 17.4 22.5 17.6 15.0 16.1 61.5 71.4
Palabora smelter/refinery
New concentrate smelted on site ('000 tonnes) 75.5 73.6 74.2 73.9 74.1 288.5 295.8
New copper anodes produced ('000 tonnes) 22.2 21.2 22.9 24.0 22.7 78.6 90.7
Refined new copper produced ('000 tonnes) 22.1 20.8 22.9 24.0 24.0 81.2 91.7
By-products:
Magnetite concentrate ('000 tonnes) 281 262 321 361 363 1,127 1,306
Nickel contained in products (tonnes) (b) 7 5 12 43 45 26 104
Vermiculite plant
Vermiculite produced ('000 tonnes) 50 50 50 50 50 198 200
(a) Rio Tinto's shareholding in Palabora varied during 2006 due to the
progressive conversion of debentures into ordinary shares.
(b) Nickel production is now reported as contained nickel in product.
DIAMONDS
Argyle Diamonds 100.0%
Western Australia
AK1 ore processed ('000 tonnes) 2,192 2,168 2,178 2,362 1,917 8,441 8,625
AK1 diamonds produced ('000 carats) 8,026 3,470 4,414 4,865 5,995 29,078 18,744
Diavik Diamonds 60.0%
Northwest Territories, Canada
Ore processed ('000 tonnes) 509 520 643 656 581 2,331 2,400
Diamonds recovered ('000 carats) 2,492 2,585 3,291 3,123 2,944 9,829 11,943
Murowa Diamonds 77.8%
Zimbabwe
Ore processed ('000 tonnes) 47 30 46 55 72 216 203
Diamonds recovered ('000 carats) 50 15 31 40 59 240 145
Rio Tinto percentage interest shown above is at 31 December 2007. The data represent full production and sales on a
100% basis unless otherwise stated.
RIO TINTO OPERATIONAL DATA
FULL FULL
Rio Tinto 4Q 1Q 2Q 3Q 4Q YEAR YEAR
interest 2006 2007 2007 2007 2007 2006 2007
IRON ORE & IRON
Hamersley Iron
Western Australia
Saleable iron ore production ('000
tonnes):
Paraburdoo, Mount Tom Price,
Marandoo,
Yandicoogina, Brockman and Nammuldi 100.0% 20,964 20,161 24,617 23,990 25,799 79,208 94,567
Channar 60.0% 2,652 2,641 2,905 2,589 2,413 9,798 10,549
Eastern Range (a) 2,112 2,166 1,670 1,562 1,535 8,215 6,932
Hope Downs (b) 50.0% - - - 64 - 64
Total production ('000 tonnes) 25,728 24,968 29,192 28,141 29,811 97,221 112,112
Total sales ('000 tonnes) (c) 27,830 23,770 27,317 26,661 31,795 98,103 109,542
(a) Rio Tinto owns 54% of the Eastern Range mine. Under the terms of the
joint venture agreement, Hamersley Iron manages the operation and is obliged to
purchase all mine production from the joint venture and therefore all of the
production is included in Rio Tinto's share of production.
(b) Hope Downs started production in the fourth quarter of 2007
(c) Sales represent iron ore exported from Western Australian ports.
HIsmelt(R) 60.0%
Western Australia
Pig iron production ('000 tonnes) 31 21 0 49 45 89 115
Iron Ore Company of Canada 58.7%
Newfoundland & Labrador and Quebec in Canada
Saleable iron ore production:
Concentrates ('000 tonnes) 747 82 613 723 505 3,362 1,923
Pellets ('000 tonnes) 3,543 2,325 2,334 3,323 3,324 12,718 11,306
Sales:
Concentrate ('000 tonnes) 1,392 436 296 820 855 2,914 2,407
Pellets ('000 tonnes) 4,305 1,791 2,727 3,327 3,146 12,935 10,991
Rio Tinto Brasil
Corumba mine 100.0%
Mato Grosso do Sul, Brazil
Saleable iron ore production ('000 tonnes) (a) 549 460 424 528 365 1,982 1,777
Sales ('000 tonnes) 479 347 245 401 112 1,771 1,105
(a) Production includes by-product fines.
Robe River Iron Associates
Pannawonica mine 53.0%
Western Australia
Saleable iron ore production ('000 tonnes) 8,018 6,168 6,901 5,608 6,812 29,273 25,489
Sales ('000 tonnes) 7,541 5,938 7,230 5,728 7,036 29,118 25,932
West Angelas mine 53.0%
Western Australia
Saleable iron ore production ('000 tonnes) 5,795 6,020 6,178 6,432 7,393 23,659 26,023
Sales ('000 tonnes) 6,513 5,143 6,793 8,055 5,634 23,315 25,626
Rio Tinto percentage interest shown above is at 31 December 2007. The data represent full production and sales on a
100% basis unless otherwise stated.
RIO TINTO OPERATIONAL DATA
FULL FULL
Rio Tinto 4Q 1Q 2Q 3Q 4Q YEAR YEAR
interest 2006 2007 2007 2007 2007 2006 2007
SALT
Rio Tinto Minerals - salt (a) 68.4%
Western Australia
Salt production ('000 tonnes) 2,013 1,719 1,476 2,165 2,467 8,323 7,827
(a) Rio Tinto increased its shareholding in Rio Tinto Minerals - salt to
68.4% at the beginning of July 2007.
TALC
Rio Tinto Minerals - talc 100.0%
Australia, Europe, and North America
Talc production ('000 tonnes) 325 352 326 318 284 1,392 1,281
TITANIUM DIOXIDE FEEDSTOCK
Rio Tinto Iron & Titanium 100.0%
Canada and South Africa
(Rio Tinto share)
Titanium dioxide feedstock production ('000 380 351 367 356 384 1,415 1,458
tonnes)
URANIUM
Energy Resources of Australia Ltd
Ranger mine 68.4%
Northern Territory, Australia
Production ('000 lbs U3O8) 3,715 2,204 3,269 2,895 3,346 10,370 11,713
Rossing Uranium Ltd 68.6%
Namibia
Production ('000 lbs U3O8) 2,237 1,884 1,417 1,641 1,773 7,975 6,714
Rio Tinto percentage interest shown above is at 31 December 2007. The data represent full production and sales on a
100% basis unless otherwise stated.
This information is provided by RNS
The company news service from the London Stock Exchange