Quarterly Production Report - Part 2
Rio Tinto PLC
28 April 2000
Part 2
ANALYSIS BY OPERATION
COPPER & GOLD
Full
1Q 2Q 3Q 4Q 1Q Year
1999 1999 1999 1999 2000 1999
Kennecott Utah Copper
Total production at Kennecott's Bingham Canyon mine, smelter and refinery
(Rio Tinto 100%) and Barneys Canyon mine (Rio Tinto 100%) in Utah, US.
Bingham Canyon Mine
Ore treated
('000 tonnes) 14,316 14,563 14,523 13,191 15,440 56,595
Average ore grade:
Copper (%) 0.61 0.53 0.53 0.53 0.52 0.55
Gold (g/t) 0.31 0.28 0.30 0.30 0.32 0.30
Silver (g/t) 3.15 2.71 2.85 2.67 2.54 2.85
Molybdenum (%)
0.035 0.033 0.031 0.031 0.035 0.033
Copper concentrates
produced
('000 tonnes) 284 263 257 248 275 1,051
Average concentrate
grade (% Cu) 27.5 25.6 25.7 25.5 25.2 26.1
Production of metals in copper
concentrates:
Copper ('000 tonnes)
(a) 79.4 68.9 67.2 63.7 69.7 279.3
Gold
('000 ounces) 96 87 95 88 111 367
Silver
('000 ounces) 1,109 905 959 886 916 3,859
Molybdenum concentrates
produced
('000 tonnes) 3.8 2.7 2.4 2.9 4.3 11.8
Molybdenum in
concentrates
('000
tonnes) 2.1 1.4 1.3 1.6 2.3 6.3
Kennecott Smelter & Refinery
Copper concentrates smelted
('000 tonnes)
236 264 300 266 279 1,065
Copper anodes produced
('000 tonnes)
(b) 52.8 73.1 72.5 66.8 70.5 265.2
Production of refined metal:
Copper
('000 tonnes) 53.9 71.9 69.2 70.3 69.9 265.4
Gold
('000 ounces) (c) 82 83 86 96 80 346
Silver
('000 ounces) (c)1,202 1,154 1,160 775 776 4,291
(a) Includes a small amount of copper in precipitates.
(b) New metal excluding recycled material.
(c) Includes gold and silver in intermediate products.
First quarter of 2000 gold and molybdenum production exceeded that of the
first quarter of 1999, whilst copper and silver output was lower. Gold and
molybdenum improvement stems from higher throughput, recovery and increased
gold grade. Lower ore grade and recovery were responsible for the reduced
copper and silver production. Compared with the fourth quarter of 1999, gold
and molybdenum concentrate production was up due to higher ore grade,
throughput and recovery.
Smelter production improved in the first quarter of 2000 compared with the
first quarter of 1999 due to higher operating rates.
Refined copper increased in the first quarter of 2000 compared with the first
quarter of 1999 largely due to improved smelter performance. Refined silver
in the first quarter of 2000 was lower than the first quarter of 1999
primarily due to lower grade and timing of production from intermediate
products. Refined gold, compared with the fourth quarter of 1999, was lower
principally due to timing of the treatment of in-process inventories.
Barneys Canyon Mine
Ore treated
('000 tonnes) 490 623 676 542 461 2,331
Average ore grade:
Gold (g/t) 1.98 1.63 2.31 3.69 2.44 2.38
Gold produced in
dore and concentrates
('000 ounces) 18 26 25 43 33 112
Gold production in the first quarter of 2000 was higher than the first
quarter of 1999 but lower than the fourth quarter of 1999 principally due to
changes in ore grade.
Freeport-McMoRan Copper & Gold
Total production and sales at the Grasberg mine (Rio Tinto 12.8% (a)) in
Irian Jaya/Papua, Indonesia, and the Atlantic Copper smelter (Rio Tinto
15.0%) in Spain.
Grasberg Mine
Ore treated ('000
tonnes) 19,953 19,730 20,410 20,468 21,073 80,561
Average mill head grades:
Copper (%) 1.14 1.16 1.11 1.09 0.94 1.12
Gold (g/t) 1.31 1.39 1.40 1.37 0.99 1.37
Silver (g/t) 2.77 2.91 2.74 2.69 2.83 2.78
Production of metals in concentrates:
Copper in
concentrates
('000
tonnes) 186.5 193.8 196.0 190.2 169.6 766.5
Gold in
concentrates
('000 ounces) 754 762 804 766 574 3,086
Silver in
concentrates
('000
ounces) 1,016 1,235 1,365 1,301 1,082 4,917
Sales of payable metals
in concentrates: (b)
Copper in
concentrates
('000
tonnes) 177.4 184.8 187.1 198.1 162.4 747.4
Gold in
concentrates
('000 ounces) 723 741 788 795 551 3,047
Silver in concentrates
('000 ounces) 774 951 1,043 1,061 824 3,829
(a) See note (a) in the summary section above for details of Rio Tinto's
12.8% interest in Grasberg and 40% interest in the expansion.
(b) Net of smelter deductions.
In the first quarter of 2000,production of copper and gold decreased compared
with the fourth quarter of 1999 due largely to a reduction in ore grades.
Copper and gold production in the first quarter was below that achieved in
the corresponding period of 1999 due to significantly lower ore grades,
partly offset by higher throughput.
Atlantic Copper
Concentrate smelted
('000
tonnes) 238.6 225.1 230.9 254.8 244.7 949.4
Copper anodes
produced
('000 tonnes) (c) 74.4 69.7 70.0 79.4 80.9 293.5
Copper cathodes
produced
('000 tonnes) 63.1 63.3 60.6 65.5 65.2 252.5
Copper cathode
sales
('000 tonnes) (d) 62.8 62.7 62.1 65.7 62.2 253.3
(c) New metal excluding recycled material.
(d) Refers to copper cathode and wire rod sales.
Minera Escondida Limitada
Total production at the Escondida mine (Rio Tinto 30%) in
Chile.
(100% basis)
Escondida Mine
Sulphide ore treated
('000
tonnes) 11,400 11,435 11,510 11,678 11,484 46,023
Average copper
grade (%) 2.15 2.15 2.06 1.84 1.99 2.05
Mill production (metals in concentrates):
Contained copper
('000
tonnes) 215.6 217.4 206.7 187.1 203.8 826.8
Contained gold
('000 ounces) 38 40 39 32 32 150
Contained silver
('000 ounces) 915 1,038 854 718 771 3,525
Oxide ore treated
('000
tonnes) 3,346 3,595 3,777 4,020 1,796 14,738
Average copper
grade (%) 0.99 1.16 1.22 1.26 1.08 1.17
Contained copper in
leachate/mined material
('000 tonnes) 33 42 46 51 19 172
Refined production:
Oxide plant
production
('000 tonnes) 29.7 32.4 34.6 35.1 34.9 131.8
Contained copper in concentrate during the first quarter was lower than in
the corresponding period in 1999 reflecting the expected decrease in copper
head grade in line with the long term mine plan. Oxide plant production
increased from the corresponding period in 1999; the first quarter in 1999
was the first full quarter of operation from the oxide plant which is now
consistently producing at a rate higher than design capacity. Oxide ore
crushed was reduced as buffer stocks of crushed ore on the pads exceeded
leach requirements.
Somincor
Total production at the Neves Corvo mine (Rio Tinto 49%) in Portugal.
(100% basis)
Neves Corvo Mine
Total ore treated
('000
tonnes)(a) 558 543 592 517 499 2,210
Of which, treated to
extract tin
('000 tonnes) 113 85 97 55 64 350
Average ore grades:
Copper (%) 5.35 5.00 4.95 5.20 5.47 5.12
Tin (%) 1.12 1.29 1.43 1.25 1.18 1.27
Copper production:
Copper concentrates
produced
('000
tonnes) 109.2 103.0 104.4 101.1 102.7 417.8
Copper concentrate
grade
(% copper) 24.2 24.1 24.1 23.8 23.7 24.1
Copper in concentrates
produced
('000 tonnes) 26.5 24.9 25.2 24.0 24.3 100.5
Tin production:
Tin concentrates
produced
('000 tonnes) 0.9 0.9 1.8 0.6 0.4 4.2
Tin concentrate
grade (% tin) 50.0 51.9 49.9 53.2 50.5 50.8
Tin in concentrates
produced
('000 tonnes) 0.4 0.5 0.9 0.3 0.2 2.2
(a)Total ore treated for both copper and tin production.
COPPER & GOLD
(continued)
Full
1Q 2Q 3Q 4Q 1Q Year
1999 1999 1999 1999 2000 1999
Palabora
Total production at the Palabora mine, smelter and refinery (Rio Tinto 46.5%)
in South Africa.
(100% basis)
Palabora Mine
Ore treated
('000
tonnes) 6,791 7,080 7,419 7,053 5,862 28,343
Average ore grade
(copper %) 0.46 0.35 0.46 0.62 0.59 0.47
Copper concentrates
produced
('000 tonnes) 80.8 61.5 82.4 108.7 86.9 333.4
Average concentrate
grade
(copper %) 32.7 34.2 33.8 33.7 32.2 33.5
Copper in concentrates
('000 tonnes) 26.4 21.0 27.9 36.6 27.9 111.9
Palabora Smelter/Refinery
New concentrate
smelted on site
('000 tonnes) 73.8 51.5 79.6 80.2 58.9 285.1
New copper anodes
produced
('000 tonnes)(a) 24.1 20.9 24.7 31.3 17.6 101.0
Refined new copper
produced
('000 tonnes) 25.4 20.6 24.3 29.9 17.8 100.1
By-products:
Magnetite concentrate
('000 tonnes) 31 49 41 70 60 190
Uranium oxide
(tonnes) 23 23 21 24 14 91
Baddeleyite (several grades)
('000 tonnes) 2.4 3.0 2.6 3.1 1.9 11.1
Refined nickel sulphate
(tonnes) 30 52 57 106 103 246
Vermiculite Plant
Vermiculite produced
('000 tonnes) 53.0 54.1 49.4 52.1 39.4 208.6
(a) Contained copper in anodes; anode production includes a small amount
produced from purchased material.
Heavy rains flooded the open pit, severely reducing the ability to blend
ores, which impacted on the milling circuits. This, plus poor availability in
the secondary crusher plant and downtime associated with the commissioning of
the pebble crushers, reduced mill throughput during the first quarter.
Concentrate smelted was below 1999 levels as a result of operational problems
in the converter and anode sections. This led to reduced anode and refined
copper production.
Uranium production was impacted by the low mill throughput and the
variability of the ore types being processed. Production of baddeleyite was
lower than in recent quarters in line with a change in mine plan. Nickel
sulphate production was boosted by the high electrolyte inventory level
carried over from December 1999. Vermiculite production was adversely
affected by the excessive rain experienced during the first quarter 2000.
Rio Tinto Brasil Limitada
Total production at the Morro do Ouro gold mine (Rio Tinto 51%) in Minas
Gerais, Brazil.
(100% basis)
Morro do Ouro Mine
Ore treated
('000
tonnes) 3,959 4,176 4,487 4,853 4,976 17,475
Average ore grade:
gold (g/t) 0.45 0.45 0.45 0.46 0.47 0.45
Refined gold
produced
('000 ounces) 42 43 50 54 59 189
COPPER & GOLD (continued) Full
1Q 2Q 3Q 4Q 1Q Year
1999 1999 1999 1999 2000 1999
Kennecott Minerals Company
Total production at the mines of Kennecott Minerals Company in the US;
Rawhide (Rio Tinto 51%) in Nevada; Ridgeway (Rio Tinto 100%) in South
Carolina, Cortez/Pipeline (Rio Tinto 40%) in Nevada and Greens Creek (Rio
Tinto 70%)in Alaska.
(100% basis)
Rawhide Mine
Ore treated
('000
tonnes) 1,522 1,611 1,559 1,437 1,488 6,129
Average ore grades:
Gold (g/t) 0.89 0.82 0.75 0.99 0.99 0.86
Silver (g/t) 8.9 9.7 10.2 18.7 13.6 11.7
Metals produced in dore:
Gold
('000 ounces) 26 29 31 27 27 113
Silver
('000 ounces) 141 157 169 184 235 651
Mill throughput rates declined from previous record levels due to harder ore
and additional maintenance requirements. Ore grades for both gold and silver
fluctuated as a result of mining sequence. The increased silver production
reflects the time taken to leach higher grade ore mined in the previous
quarter.
Ridgeway
Ore treated
('000 tonnes) 873 981 871 435 - 3,160
Average ore grades:
Gold (g/t) 0.99 1.12 1.18 1.10 - 1.10
Silver (g/t) 1.2 1.1 1.1 1.1 - 1.1
Metals produced in dore:
Gold
('000 ounces) 20 23 26 12 - 81
Silver
('000 ounces) 20 14 15 9 - 58
Gold production ceased in November 1999. Efforts are now focused on
reclamation.
Cortez / Pipeline
Ore treated
('000 tonnes) 932 980 1,022 901 861 3,835
Average ore grade:
gold (g/t) 10.22 11.02 11.58 11.94 12.19 11.19
Gold produced in dore
('000 ounces) 316 337 358 318 312 1,329
Mill throughput declined as the Cortez Mill (No.1) was shut down during the
entire quarter due to ore being shifted from milling to leaching. Higher
leach recoveries and reduced leaching costs accounted for the shift. The mill
ore grade improved as actual grades mined continued to be higher than
predicted by the reserve model.
Greens Creek
Ore treated
('000 tonnes) 128 131 131 135 136 525
Average ore grades:
Gold (g/t) 8.56 7.29 7.31 6.00 7.44 7.27
Silver (g/t) 735 877 809 820 747 811
Zinc (%) 14.7 13.7 14.2 11.4 13.4 13.5
Lead (%) 5.9 5.9 5.9 4.8 5.3 5.6
Metals produced in concentrates:
Gold
('000 ounces) 23 20 20 17 22 80
Silver
('000
ounces) 2,201 2,780 2,575 2,705 2,500 10,261
Zinc
('000 tonnes) 15.4 14.4 15.0 12.2 14.1 57.0
Lead
('000 tonnes) 5.3 5.4 5.5 4.4 5.0 20.6
The mine and mill continued to implement productivity improvements and
consistently exceeded design throughput. Metal grades varied with the mining
sequence.
Peak Gold Mine
Total production and sales from the Peak Gold mine (Rio Tinto 100%) at Cobar,
New South Wales, Australia.
Ore treated
('000 tonnes) 153 145 152 148 148 598
Average ore grades:
Gold (g/t) 7.97 7.16 7.11 8.10 6.82 7.60
Silver (g/t) 7.41 5.46 3.81 4.63 5.22 5.34
Copper (%) 0.56 0.51 0.56 0.40 0.41 0.51
Lead (%) 0.66 0.48 0.51 0.85 0.84 0.63
Zinc (%) 0.77 0.37 0.43 0.87 0.76 0.61
Bullion produced
('000 ounces) 39 33 33 38 31 143
Containing:
Gold
('000 ounces) 35 29 28 35 28 127
Silver
('000 ounces) 3 3 3 3 3 12
Gold recovered in
concentrates
('000 ounces) 3 3 4 3 4 13
Total gold production
('000 ounces) 37 32 32 38 31 140
Bullion sales
(fine gold)
('000 ounces) 35 29 27 31 32 122
Copper in concentrate ('000 tonnes):
Production 0.5 0.4 0.5 0.3 0.5 1.7
Sales - 0.9 - - - 0.9
Lead/zinc in concentrate ('000 tonnes):
Production 0.4 0.5 0.2 1.0 0.8 2.1
Sales 0.4 - 0.8 0.5 - 1.7
Kelian Equatorial Mining
Total production and sales from the Kelian gold mine (Rio Tinto 90%) in East
Kalimantan, Indonesia.
(100% basis)
Ore treated
('000
tonnes) 1,841 1,918 1,900 2,014 1,435 7,673
Average ore grades:
Gold (g/t) 2.26 2.13 2.62 2.30 2.43 2.33
Silver (g/t) 4.24 4.00 4.25 4.22 7.96 4.18
Production:
Gold
('000 ounces) 103 101 123 113 76 440
Silver
('000 ounces) 89 84 87 85 86 345
Sales:
Gold
('000 ounces) 108 103 115 122 77 448
Silver
('000 ounces) 112 97 90 80 80 379
Gold production was lower in the first quarter of 2000 than in the previous
quarter due to industrial action by employees and failure of power generation
equipment.COPPER & GOLD (Continued)
Full
1Q 2Q 3Q 4Q 1Q Year
1999 1999 1999 1999 2000 1999
Lihir Gold
Total production at the Lihir gold mine (Rio Tinto 16.3%(a)) in Papua New
Guinea.
(100% basis)
Ore treated
('000 tonnes) 603 655 841 812 792 2,911
Average ore grade:
gold (g/t) 7.24 6.93 7.38 6.61 5.27 7.04
Gold produced
('000 ounces) (b) 128 143 188 166 121 625
(a)Effective 14 February 2000, Rio Tinto's interest in Lihir decreased from
17.15% to 16.3% following a placement of shares by Lihir Gold.
(b)Gold production represents quantity of gold poured.
Gold production was low due to rebricking of the vapour phase section of
autoclave 2.
Rio Tinto Zimbabwe
Total production at Rio Tinto Zimbabwe's gold operations (Rio Tinto 56.0%) in
Zimbabwe.
(100% basis)
Renco Mine
Ore treated
('000 tonnes) 79 75 81 74 70 309
Average ore grade:
gold (g/t) 5.42 5.23 5.33 5.21 5.30 5.30
Total gold produced
('000 ounces) 12 11 12 11 10 46
Patchway Mine (a)
Ore treated
('000 tonnes) 23 24 25 26 26 98
Average ore grade:
gold (g/t) 5.81 5.51 5.58 5.34 4.70 5.55
Total gold produced
('000 ounces) 4 4 4 4 4 16
Cam Dump Reprocessing
Ore treated
('000 tonnes) 251 248 237 226 200 962
Average ore grade:
gold (g/t) 1.15 1.11 1.21 1.21 1.08 1.17
Total gold produced
('000 ounces) 2 2 2 3 2 9
Total Rio Tinto Zimbabwe
Total gold produced
('000 ounces) 18 17 18 18 16 71
(a) Includes low grade material.
IRON ORE
Full
1Q 2Q 3Q 4Q 1Q Year
1999 1999 1999 1999 2000 1999
Hamersley Iron
Total production and shipments are for all the mines operated by Hamersley
Iron (Rio Tinto 100%). These mines are Paraburdoo, Mount Tom Price, Marandoo,
Yandicoogina, Brockman (all Rio Tinto 100%) and Channar (Rio Tinto 60%) all
in Western Australia.
(100% basis)
Saleable iron ore produced
('000 tonnes):
Paraburdoo, Mount Tom Price,
Marandoo,
Brockman and
Yandicoogina 10,002 11,437 11,778 11,780 12,618 44,997
Channar
2,203 2,113 2,953 2,841 2,594 10,110
Total
production 12,205 13,550 14,731 14,621 15,212 55,107
Total shipments
('000
tonnes) 10,710 15,666 16,485 16,732 15,162 59,593
Iron ore production in the first quarter of 2000 was 4% higher than in the
previous quarter, this was a first quarter production record.
During the first quarter of 2000 iron ore shipments increased by 41% compared
to the corresponding period of 1999, a first quarter shipping record. This
reflects the current upturn in the steel industry.
Rio Tinto Brasil Limitada
Total production at the Corumba mine (Rio Tinto 100% (a)) in Corumba, Mato
Grosso do Sul, Brazil.
(100% basis)
Total iron ore
production
('000 tonnes)
(b) 211 227 235 94 147 767
(a) Rio Tinto increased its interest in the Corumba mine, Brazil, from 80%
to 100% during June 1999.
(b) Production includes by-product fines.
Production in the first quarter of 2000 was better than the prior quarter,
but low water levels in the Paraquay river continued to restrict shipping
access.
COAL
Full
1Q 2Q 3Q 4Q 1Q Year
1999 1999 1999 1999 2000 1999
Kennecott Energy and Coal Company
Total production from the mines operated by Kennecott Energy and Coal Company
in the US: Antelope (Rio Tinto 100%) in Wyoming; Cordero Rojo (Rio Tinto
100%) in Wyoming; Jacobs Ranch (Rio Tinto 100%) in Wyoming; Spring Creek (Rio
Tinto 100%) in Montana; Decker (Rio Tinto 50%) in Montana and Colowyo in
Colorado, where Kennecott Energy has a partnership interest and full
management responsibility (see footnote (e)
above).
(100% basis)
Thermal coal production
('000 tonnes)
Antelope 4,590 5,183 5,548 5,258 5,076 20,579
Cordero Rojo 9,586 10,369 10,352 11,129 8,899 41,436
Spring Creek 2,500 2,490 2,490 2,495 2,650 9,975
Decker 2,324 1,976 2,506 3,148 2,112 9,954
Colowyo 1,155 1,284 1,197 1,417 1,168 5,053
Jacobs
Ranch 6,189 6,750 6,416 7,016 5,726 26,371
Total Kennecott Energy
Total coal
production
('000
tonnes) 26,344 28,052 28,509 30,463 25,631 113,368
First quarter 2000 production was slightly lower than in the same period in
1999, primarily due to reductions in sales forecast for the year.
Kaltim Prima Coal
Total production and shipments from Kaltim Prima Coal (Rio Tinto 50%) in
Indonesia, including the share of production attributed to the Indonesian
Government (see footnote (i) above).
(100% basis)
Thermal coal:
Production
('000
tonnes) 3,552 3,164 4,036 3,261 2,292 14,013
Shipments
('000
tonnes) 3,831 3,165 3,717 3,302 2,562 14,015
COAL (Continued)
Full
1Q 2Q 3Q 4Q 1Q Year
1999 1999 1999 1999 2000 1999
In the last six months, KPC has been implementing a major shift in mining
sequence. Significant equipment was committed to developing access to new
areas and initial clearing; this, plus heavy rainfall, affected productivity
in the first quarter of 2000.
Pacific Coal
Total production and sales from the Blair Athol mine (Rio Tinto 71.2% (a)),
the Kestrel Coal mine (Rio Tinto 80% (b)) and the Tarong Coal mine (Rio Tinto
100%) in Queensland, Australia.
(100% basis)
Blair Athol
Thermal coal:
Production
('000
tonnes) 2,806 2,823 2,931 2,550 2,432 11,110
Sales
('000
tonnes) 2,569 3,334 2,636 2,885 2,324 11,424
Kestrel Coal
Thermal coal:
Production
('000 tonnes) - 87 229 214 220 530
Sales
('000 tonnes) - - 64 223 127 287
Coking coal:
Production
('000 tonnes) - 120 629 355 435 1,104
Sales
('000 tonnes) - - 338 297 506 635
Semi-hard coking
coal: (c)
Sales
('000 tonnes) - - 146 94 265 240
Tarong Coal
Thermal coal:
Production
and sales
('000
tonnes) 1,155 1,461 1,325 1,176 1,256 5,116
Total Pacific Coal
Total coal
Production
('000
tonnes) 3,960 4,491 5,114 4,295 4,343 17,860
(a)On 10 January 1999, Rio Tinto acquired an additional 14% beneficial
interest in Blair Athol.
(b)Rio Tinto acquired Kestrel Coal, formerly Gordonstone, in February 1999
and production commenced in June 1999.
(c)Semi-hard coking coal is a mixture of Thermal Coal and Coking Coal. The
product mix is customer dependent.
Coal & Allied Industries Limited (a)
Total production and sales from the Hunter Valley Operations (Rio Tinto
71%)and Mount Thorley mine (Rio Tinto 57%), both in New South Wales,
Australia.
(100% basis)
Hunter Valley Operations (b)
Thermal coal
Production
('000
tonnes) 1,726 1,649 1,773 1,170 1,226 6,319
Coking coal
Production
('000 tonnes) 793 654 933 624 771 3,004
Mount Thorley
Thermal coal:
Production
('000 tonnes) 676 497 593 447 435 2,213
Coking coal:
Production
('000 tonnes) 622 691 615 520 615 2,448
Total Coal & Allied
Total coal
Production
('000
tonnes) 3,816 3,492 3,914 2,762 3,047 13,984
Total sales
('000 tonnes)
(c) 3,887 3,326 3,722 2,728 2,893 13,663
(a)Coal & Allied has purchased the Rio Tinto Group's coal interests in New
South Wales which included the Howick mine. The restructuring of Coal and
Allied's shareholdings leaves Rio Tinto with a 70.9% interest; these
transactions were effective from 1 July 1999.
(b)Hunter Valley Operations consist of the now merged Howick and Hunter
Valley mines.
(c)Sales relate only to coal mined by the operation and exclude traded coal.
Thermal coal production for Hunter Valley Operations in the first
quarter of 2000 was limited by a contractual dispute with a significant
domestic customer. Deliveries were suspended by the customer during the third
quarter of 1999. Deliveries under the long-term contract remain suspended,
but deliveries to this customer as part of an unrelated contract commenced on
31 March 2000.
Wet weather affected production at both operations during the quarter.
COAL (Continued)
Full
1Q 2Q 3Q 4Q 1Q Year
1999 1999 1999 1999 2000 1999
Carbones del Cerrejon SA
Total production at the Central Cerrejon mine (Rio Tinto 0%(a)).
(100% basis)
Central Cerrejon Mine
Thermal coal:
Production
('000 tonnes) 280 280 295 352 - 1,207
(a) Rio Tinto disposed of its interest in Carbones del Cerrejon in early
January 2000.
ALUMINIUM
Full
1Q 2Q 3Q 4Q 1Q Year
1999 1999 1999 1999 2000 1999
Comalco
Production and sales from operations owned by Comalco (Rio Tinto 72.4% (a))
including Comalco's share of primary aluminium production from partly owned
smelters.
(100% of Comalco's share)
('000 tonnes)
Weipa mine, Queensland (Comalco 100%):
Beneficiated bauxite
production 2,931 2,675 2,784 2,997 2,777 11,386
Metal grade bauxite
shipments 2,513 2,665 3,019 2,997 2,729 11,194
Calcined bauxite
production 20 32 27 34 33 112
Boke mine, Guinea
(Comalco 4%):
Bauxite
production 107 104 53 177 173 441
Queensland Alumina Limited,
Queensland
(Comalco 30.3%):
Alumina
production 272 274 277 279 273 1,101
Eurallumina SpA,
Sardinia
(Comalco 56.2%):
Alumina
production 130 133 142 141 143 546
Primary aluminium production:
Bell Bay, Tasmania
(Comalco 100%) 37.0 37.2 37.9 39.0 37.1 151.1
Boyne Island, Queensland
(Comalco 54.2%) 64.2 66.8 68.0 68.7 69.9 267.7
Tiwai Point, New Zealand
(Comalco 79.4%) 63.1 64.5 65.6 66.1 65.2 259.4
Total Comalco
share 164.3 168.5 171.6 173.8 172.2 678.2
Total sales of Comalco
produced
aluminium 167.3 166.6 169.3 173.3 169.6 676.5
(a) During the first half of 1999 Rio Tinto increased its interest in Comalco
from 70.4% to 72.4%. Rio Tinto's share of production has been calculated
using the weighted average of Rio Tinto's interest over the relevant
periods.
Weipa bauxite production mainly reflected the impact of seasonal weather
conditions.
Queensland Alumina Limited production remained strong and Eurallumina SpA
achieved record alumina production as process improvements continued.
Overall daily production at the aluminium smelters remained strong with Boyne
Smelters Limited achieving record production due to ongoing improvements.
Anglesey Aluminium
Total production at Anglesey Aluminium (Rio Tinto 51%) in the UK.
(100% basis)
Aluminium hot metal production
('000 tonnes) 34.3 34.2 33.9 34.7 35.0 137.1
INDUSTRIAL MINERALS
Full
1Q 2Q 3Q 4Q 1Q Year
1999 1999 1999 1999 2000 1999
BORATES
Rio Tinto Borax
Total production at the Boron mine (Rio Tinto 100%) in California, US and at
the Tincalayu, Sijes and Porvenir mines (Rio Tinto 100%) in Argentina.
(100% basis)
Borates
('000 tonnes) (a) 146 146 137 132 145 561
(a) Production is expressed as B2O3 content.
TITANIUM DIOXIDE FEEDSTOCK
Rio Tinto Iron & Titanium
Total Rio Tinto share of titanium dioxide feedstock production in Canada and
South Africa.
(Rio Tinto share)
Titanium dioxide
feedstock
production
('000 tonnes) 377 354 347 350 349 1,428
Production in recent periods has been affected by the consequences of a fire
at QIT's Canadian smelter in June1999.
Full
1Q 2Q 3Q 4Q 1Q Year
1999 1999 1999 1999 2000 1999
DIAMONDS
Argyle Diamonds
Total production from mining operations at Argyle Diamonds (Rio Tinto 59.7%)
in Western Australia.
(100% basis)
Ore processed
('000 tonnes):
AK1 ore 2,524 2,435 1,992 2,552 2,575 9,503
Alluvial ore 1,646 1,282 1,527 1,488 1,260 5,943
Total ore
processed 4,170 3,717 3,519 4,040 3,835 15,447
Diamonds recovered ('000 carats):
AK1 6,565 6,886 7,433 6,876 6,384 27,760
Alluvial 544 378 473 544 287 1,939
Total
recovered 7,109 7,264 7,906 7,420 6,671 29,699
The lower ore grade resulted in AKI diamond production for first quarter of
2000 being lower than in the corresponding period of 1999. Lower production
of alluvial carats was also impacted by the extended wet season.
SALT
Dampier Salt
Total production of salt from Dampier and Lake MacLeod (Rio Tinto 64.9%) in
Western Australia.
(100% basis)
Salt production
('000
tonnes) 1,099 1,449 1,286 1,416 1,024 5,250
Exceptional rain and flood conditions in March will adversely affect
production at both sites over the next few quarters. Partial force majeure
was declared on sales contracts.
TALC
The Luzenac Group
Total Talc production from Luzenac Group operations in Europe (Rio Tinto
99.9%) and North America (Rio Tinto 100%).
(100% basis)
Talc
Production
('000 tonnes) 310 325 321 313 321 1,269
OTHER METALS
Full
1Q 2Q 3Q 4Q 1Q Year
1999 1999 1999 1999 2000 1999
NICKEL
Rio Tinto Brasil Limitada
Total nickel in matte production at the Fortaleza mine (Rio Tinto 100%) in
Brazil.
Production
(tonnes) 2,171 1,726 2,620 2,928 2,561 9,445
Rio Tinto Zimbabwe
Total refined metal production at the Empress nickel refinery (Rio Tinto
56.0%) in Zimbabwe.
(100% basis)
Production
(tonnes) 1,650 1,847 1,802 1,728 1,736 7,027
URANIUM
Rossing Uranium Ltd
Total uranium production at the Rossing Uranium mine (Rio Tinto 68.58%) in
Namibia.
(100% basis)
Production
(tonnes U3O8) 840 800 812 719 818 3,171
ZINC
Norzink AS
Total zinc production at Norzink AS (Rio Tinto 50%) in
Norway.
(100% basis)
Production
('000 tonnes) 37.0 35.0 36.3 35.7 35.6 144.0
EXPLORATION
Expenditure
Rio Tinto's pre-tax exploration charged to the profit and loss account for
the quarter ending March 31 2000 was US$27 million compared with US$28
million in the comparable quarter of 1999.
The sale of an 80% stake in the Sepon copper-gold deposit in Laos to Oxiana
Resources N.L. was negotiated. Rio Tinto will retain a 20% stake.
Major Developments
Grasberg, Indonesia
In Block A, delineation drilling continued at Deep Grasberg and on newly
discovered gold-copper mineralisation within the Ertsberg diorite.
Other Programmes
Country Commodity Programme Summary
Australia Diamonds Deep ore delineation drilling continued
at the Argyle mine.
Brazil Gold Drilling in the Terranova district
delineated a modest gold resource.
Guinea Iron Ore Delineation drilling commenced at the
Simandou lump hematite prospect.
Indonesia Nickel Reconnaissance drilling commenced at
the Sampala laterite nickel prospect.
Peru Copper-Gold Definition drilling was completed at
the Pukaqaqa porphyry/skarn prospect.
Turkey Trona Evaluation continued of a trona (soda
ash) discovery in Turkey.
Regional Programmes
Early stage exploration programmes for a variety of commodities were underway
in various regions.