Transcription of First quarter operations review - riotinto.com
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First quarter operations review - riotinto.com
First quarter operations review Page 1 of 29 Rio Tinto releases First quarter production results 18 April 2018 Rio Tinto chief executive J-S Jacques said We delivered a solid operational performance across most commodities in the First quarter of 2018. Our world-class Pilbara iron ore assets continue to demonstrate flexibility and the benefits of increased productivity, and production at our bauxite and copper assets was also higher. We announced $5 billion of divestments in the quarter , highlighting our ongoing drive to strengthen the portfolio and raise return on assets. By continuing to advance our mine-to-market productivity programme, whilst maintaining our focus on the disciplined allocation of cash, we will continue to deliver superior returns to our shareholders. Q1 2018 vs Q1 2017 vs Q4 2017 Pilbara iron ore shipments (100% basis) Mt +5% -11% Pilbara iron ore production (100% basis) Mt +8% -5% Bauxite kt 12,653 +12% -8% Aluminium kt 846 -5% -5% Mined copper kt +65% -6% Hard coking coal kt 1,102 -30% -53% Titanium dioxide slag kt 294 -12% -14% IOC iron ore pellets and concentrate Mt -8% -13% Key points Pilbara iron ore shipments of million tonnes (100 per cent basis) in the First quarter were five per cent higher than the First quarter of 2017, benefitting from productivity improvements and fewer weather disruptions.
First quarter operations review Page 1 of 29 Rio Tinto releases first quarter production results 18 April 2018 Rio Tinto chief executive J-S Jacques said “We delivered a solid …
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