Coal & Allied - 4QPR 2003
Rio Tinto PLC
21 January 2004
Rio Tinto's 75.7 per cent owned subsidiary, Coal & Allied Industries Limited,
issued the following news release in Australia. All dollars are Australian
currency.
Coal & Allied production report for the quarter ended 30 September 2003
4Q 1Q 2Q 3Q 4Q 12 months 12 months
2002 2003 2003 2003 2003 2002 2003
'000 tonnes (100% basis) (a)
Hunter Valley Operations
Thermal coal production 2,266 2,363 2,136 2,028 2,620 9,183 9,146
Coking coal production 845 800 805 875 381 3,442 2,862
Mount Thorley Operations
Thermal coal production 637 510 361 416 433 2,465 1,720
Coking coal production 365 356 330 369 377 1,827 1,432
Bengalla Mine
Thermal coal production 1,517 1,298 1,776 1,122 2,008 5,385 6,203
Moura Mine (b)
Thermal coal production - - - - - 1,018 -
Coking coal production - - - - - 1,381 -
Narama Mine (b)
Thermal coal production - - - - - 370 -
Ravensworth East Mine (b)
Thermal coal production - - - - - 387 -
Warkworth Mine
Thermal coal production 1,871 1,634 1,152 1,212 1,371 6,314 5,369
Coking coal production 42 112 168 127 93 568 500
Total coal production 7,544 7,074 6,728 6,147 7,284 32,340 27,232
Total sales ('000 tonnes) (c) 7,486 7,174 6,633 6,802 7,278 31,549 27,887
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.
Notes
(a) Rio Tinto increased its stake in Coal & Allied from 72.7% to 75.7% in
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.
For further information, please contact:
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Peter Cunningham Dave Skinner
Office: +44 (0) 20 7753 2401 Office: +61 (0) 3 9283 3628
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Richard Brimelow Daphne Morros
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Mobile: +44 (0) 7753 783 825 Mobile: +61 (0) 408 360 764
Website: www.riotinto.com
This information is provided by RNS
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