Rio Tinto releases fourth quarter production results
18 Enero 2021 - 3:30PM
Business Wire
Rio Tinto Chief Executive Jakob Stausholm said “We have
delivered a strong safety and operational performance in the face
of the significant global challenges of COVID-19. Our 2020
performance reflects the resilience of the business, and the
commitment and flexibility of our employees, customers, communities
and host governments.
"We are working to restore trust with the Puutu Kunti Kurrama
and Pinikura (PKKP) people. Some important progress has been made
as set out in the joint statement issued in December following a
meeting between the PKKP and Rio Tinto boards. We are also
developing additional measures to strengthen our partnerships with
Traditional Owners, including a commitment to modernise and improve
agreements, particularly in the Pilbara. More broadly, we are
determined to improve Rio Tinto’s approach to stakeholder
engagement globally by embedding a more inclusive approach that
strengthens our overall thinking, decision-making and performance.
However, I do not underestimate the time and effort it will take,
genuinely working together with our partners, in order for Rio
Tinto to drive the changes necessary to help restore trust and
rebuild our reputation.
“Safe and well-run operations, together with world-class assets
and a strong balance sheet, leave Rio Tinto well placed to generate
superior returns for shareholders, invest in sustaining and growing
our portfolio, while continuing to pay taxes and royalties in our
host communities and make a broader contribution to society,
including employment and procurement."
Production*
Quarter 4 2020
vs Q4 2019
vs Q3 2020
Full Year 2020
vs FY 2019
Pilbara iron ore shipments (100% basis)
(Mt)
88.9
+2%
+8%
330.6
+1%
Pilbara iron ore production (100%
basis) (Mt)
86.0
+3%
0%
333.4
+2%
Bauxite (Mt)
13.3
-12%
-8%
56.1
+2%
Aluminium (kt)
815
+4%
+2%
3,180
0%
Mined Copper (kt)
132.5
-4%
+2%
527.9
-9%
Titanium dioxide slag (kt)
272
-5%
-7%
1,120
-7%
IOC iron ore pellets & concentrate
(Mt)
2.7
+7%
+17%
10.4
-1%
*Rio Tinto share unless otherwise
stated
Q4 Operational update
- Our 2020 safety performance was strong, fatality-free for a
second year in a row. Health and safety remains our top priority as
we maintain use of the critical controls that protect our employees
and the local communities with the resurgence of COVID-19 in
several regions where we operate. Our all injury frequency rate
(AIFR) improved by more than 10% for 2020 versus 2019 (0.42),
demonstrating our ability to adapt to changing conditions.
- Pilbara iron ore achieved a strong performance across the
network in 2020, despite impacts from Cyclone Damien in the first
quarter and COVID-19 disruptions which also resulted in the
deferral of maintenance to the second half. Shipments of 330.6
million tonnes (100% basis) were 1% higher than 2019 and production
of 333.4 million tonnes (100% basis), 2% higher than 2019. This was
underpinned by record total material moved, 7% higher than the
previous record in 2019.
- Bauxite production of 56.1 million tonnes was 2% higher than
2019 supported by the ramp-up of the expansion at the CBG mine in
Guinea, and steady performance at the Pacific mines.
- Aluminium production of 3.2 million tonnes was in line with
2019, with lower volumes from the curtailment of Line 4 at the
Tiwai Point aluminium smelter in New Zealand and from the Kitimat
smelter pot relining campaign, offset by the ramp-up of the
Becancour smelter in Quebec.
- On 14 January 2021, we announced a new electricity agreement
had been reached with Meridian Energy that allows New Zealand’s
Aluminium Smelter (NZAS) to continue operating the Tiwai Point
aluminium smelter until December, 2024.
- Mined copper was above the guidance range, but 9% lower than
2019 due to lower grades at Kennecott as a result of planned pit
sequencing and Oyu Tolgoi production phasing. The commercial and
operational teams at Kennecott Utah achieved approximately 60,000
dry metric tonnes of copper concentrate sales in the fourth quarter
to partly mitigate the impact of the delayed re-start of the
smelter, which became fully operational during October.
- On 16 December, we confirmed the definitive estimate of cost
and schedule for Panel 0 of the Oyu Tolgoi underground project in
Mongolia, with sustainable production expected to commence in
October 2022 and development capital of $6.75 billion1, in line
with previously announced ranges. Rio Tinto considers that
additional milestones need to be met in order to ensure that the
project can commence caving operations in 2021, including:
outstanding government approvals; funding; and, a power solution.
Further information can be found in the Investments, growth and
development projects section below.
- Titanium dioxide slag production of 1.1 million tonnes was 7%
lower than 2019 due to COVID-19 restrictions in Quebec and South
Africa, lower market demand and operational disruptions at Richards
Bay Minerals (RBM). With the COVID-19 resurgence in Quebec and
South Africa, we continue to operate our assets with extensive
measures in place to ensure the safety of our employees and
communities.
- Production of pellets and concentrate at Iron Ore Company of
Canada (IOC) was 1% lower than 2019 due to unplanned maintenance at
the processing facilities in the third and fourth quarters. On 3
December, we signed a Reconciliation and Collaboration Agreement
with the Innu communities of Uashat mak Mani-utenam and
Matimekush-Lac John, re-confirming the long-term partnership
between the company and the two communities over the coming
decades.
- On 10 December, we disclosed a maiden Ore Reserve and updated
Mineral Resource at the 100% owned Jadar lithium-borates project in
western Serbia. The Ore Reserve is 16.6 million tonnes at 1.81%
Li2O and 13.4% B2O3.2 Jadar would be capable of producing
approximately 55 thousand tonnes of battery grade lithium
carbonate, as well as 160 thousand tonnes of boric acid (B2O3
units) and 255 thousand tonnes of sodium sulfate as by-products per
annum.3
- On 17 December, we announced the appointment of Jakob Stausholm
as Chief Executive, effective 1 January 2021. Peter Cunningham has
been appointed interim Chief Financial Officer, effective 1 January
2021.
- On 15 January 2021, we announced that we have entered the next
phase of public comment in the ongoing permitting process at the
Resolution Copper Project in Arizona, led by the US Forest Service,
with the release of its independently prepared Final Environmental
Impact Statement (EIS). The delay in publication of the Final EIS,
which was originally scheduled for July 2020 by the Obama
Administration, is a result of extensive public consultation,
significant interagency coordination and COVID-19 related changes
to the pace of work.
The full fourth quarter production results are available
here
Footnotes
1 This estimate is at a better than feasibility study level of
accuracy.
2 This Ore Reserve estimate was set out in a release to the
Australian Securities Exchange (ASX) dated 10 December 2020 “Rio
Tinto declares maiden Ore Reserve at Jadar” (ASX release). The
Competent Person responsible for the information in the ASX release
that relates to Ore Reserves is Mr Allan Earl who is a Fellow of
the Australasian Institute of Mining and Metallurgy (FAusIMM). Mr
Earl’s assessment is supported from a metallurgical perspective by
Mr Gary Davis who is a Member of the Australasian Institute of
Mining and Metallurgy (MAusIMM). Rio Tinto confirms that it is not
aware of any new information or data that materially affects the
information included in the ASX release, that all material
assumptions and technical parameters underpinning the estimates in
the ASX release continue to apply and have not materially changed,
and that the form and context in which the Competent Persons’
findings are presented have not been materially modified.
3 The production targets were previously reported in the ASX
release on 10 December 2020. All material assumptions underpinning
the production targets continue to apply and have not materially
changed.
This announcement is authorised for release to the market by Rio
Tinto’s Group Company Secretary.
LEI: 213800YOEO5OQ72G2R82
Classification: 3.1 Additional regulated information required to
be disclosed under the laws of a Member State
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210118005519/en/
media.enquiries@riotinto.com riotinto.com
Media Relations, United Kingdom Illtud Harri M +44 7920
503 600
David Outhwaite T +44 20 7781 1623 M +44 7787 597 493
Media Relations, Americas Matthew Klar T +1 514 608
4429
Media Relations, Asia Grant Donald T +65 6679 9290 M +65
9722 6028
Media Relations, Australia Jonathan Rose T +61 3 9283
3088 M +61 447 028 913
Matt Chambers T +61 3 9283 3087 M +61 433 525 739
Investor Relations, United Kingdom Menno Sanderse T: +44
20 7781 1517 M: +44 7825 195 178
David Ovington T +44 20 7781 2051 M +44 7920 010 978
Clare Peever M: +44 7788 967 87
Investor Relations, Australia Natalie Worley T +61 3 9283
3063 M +61 409 210 462
Amar Jambaa T +61 3 9283 3627 M +61 4 7286 5948
Rio Tinto plc 6 St James’s Square London SW1Y 4AD United
Kingdom T +44 20 7781 2000 Registered in England No. 719885
Rio Tinto Limited Level 7, 360 Collins Street Melbourne
3000 Australia T +61 3 9283 3333 Registered in Australia ABN 96 004
458 404
Category: General
Rio Tinto (ASX:RIO)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Rio Tinto (ASX:RIO)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024