Rio Tinto releases second quarter production results
16 Luglio 2021 - 12:25AM
Business Wire
Rio Tinto Chief Executive Jakob Stausholm, said: “The global
economy, in particular China, recovered strongly and we are
intensely focused on servicing our customers with as much product
as we can. However, we faced some challenges in the first half
notably at our Pilbara operations, which were impacted by
replacement mine tie-ins and materially higher rainfall. Heightened
COVID-19 constraints, which resulted in numerous travel
restrictions, added further pressure on the business and limited
our ability to access additional people, particularly in Western
Australia and Mongolia, in order to deliver operational
improvements or maintenance initiatives and accelerate
projects.
“Safety is our first priority and our performance in this area
remains robust in challenging conditions. However, as identified
shortly after my appointment, operationally we are not where we
want to be. Our first half performance has reaffirmed my belief
that we have identified the right priorities to strengthen the
business: to become the best operator, strive for impeccable ESG
credentials, excel in development and secure a strong social
licence. We have made initial progress against our priorities, but
a large volume of work remains to make Rio Tinto even stronger, so
we can continue to deliver superior returns to shareholders, invest
in sustaining and growing our portfolio, and make a broader
contribution to society."
Production*
Quarter 2 2021
vs Q2 2020
vs Q1 2021
H1 2021
vs HY 2020
Pilbara iron ore shipments (100% basis)
(Mt)
76.3
-12%
-2%
154.1
-3%
Pilbara iron ore production (100%
basis) (Mt)
75.9
-9%
-1%
152.3
-5%
Bauxite (Mt)
13.7
-6%
+1%
27.3
-4%
Aluminium (kt)
816
+4%
+2%
1,619
+3%
Mined copper (kt)
115.5
-13%
-4%
236.1
-11%
Titanium dioxide slag (kt)
298
+14%
+7%
577
+4%
IOC iron ore pellets & concentrate
(Mt)
2.7
-2%
+16%
5.1
-5%
*Rio Tinto share unless otherwise
stated
Q2 Operational update
- Our colleague Nico Swart was tragically killed in a shooting
incident whilst driving to work at Richards Bay Minerals (RBM) in
South Africa on 24 May. Our sympathies are with Nico's family and
we are offering ongoing support to his family, friends and
colleagues.
- We continue to prioritise the safety of our people and
communities as some regions experience a resurgence of COVID-19. We
have exceeded 30 months without a fatality on site but our all
injury frequency rate (AIFR) of 0.39 has seen a slight increase
versus the second quarter of 2020 (0.37), and prior quarter (0.35),
which underlines that there is no room for complacency.
- We expect iron ore shipments to be at the low end of the
guidance range which remains subject to COVID-19 disruptions,
tie-in and ramp up of brownfield replacement mines and management
of cultural heritage. Mined copper and bauxite production is
expected to be at the low end of the guidance range. Full year
titanium dioxide slag production guidance has been removed as a
result of risks around the timing of resumption of operations at
RBM in South Africa, due to an escalation in the security
situation. We are working with the local and federal governments
and police to ensure we can safely resume operations.
- Pilbara iron ore production of 75.9 million tonnes (100% basis)
was 9% lower than the second quarter of 2020 due to above average
rainfall in the West Pilbara, shutdowns to enable replacement mines
to be tied in, processing plant availability, and cultural heritage
management. Shipments of 76.3 million tonnes (100% basis) were 12%
lower than the second quarter of 2020 with some additional drawdown
of inventories. Ongoing COVID-19 restrictions and a tight labour
market have further impacted our ability to access experienced
contractors and particular skill sets.
- Bauxite production of 13.7 million tonnes was 6% lower than the
second quarter of 2020 due to ongoing system instability following
severe wet weather in Eastern Australia in the first quarter.
- Aluminium production of 0.8 million tonnes was 4% higher than
the second quarter of 2020, underpinned by the ISAL smelter in
Iceland and the Becancour smelter in Quebec operating at full
capacity, and the Kitimat smelter in British Columbia nearing
completion of its pot relining cycle.
- Mined copper production of 115.5 thousand tonnes was 13% lower
than the second quarter of 2020, with lower recoveries and
throughput at Escondida as a result of the prolonged impact of
COVID-19, and a planned relocation of the in-pit crusher at
Kennecott in April. On 31 May, an anticipated slope failure
occurred in the south east wall of the Bingham Canyon pit at
Kennecott. There were no injuries or damage to equipment as the
slide was accurately predicted by our geotechnical experts. Mining
in the affected area restarted progressively in June. No ore has
been sterilised and we expect to recover the material from the
slide which is largely copper bearing ore. Mining rates will
however be slower due to the size distribution of the material, and
therefore some high-grade production scheduled for late 2021 will
be deferred to 2022.
- Titanium dioxide slag production of 298 thousand tonnes was 14%
higher than the second quarter of 2020 due to consistent production
at the Fer et Titane (RTFT) metallurgical complex in Quebec.
Following weeks of violent disruptions, our RBM operations have
been significantly hampered. As a result, we have declared force
majeure, with all operations curtailed.
- Production of pellets and concentrate at Iron Ore Company of
Canada (IOC) was 2% lower than the second quarter of 2020 due to
labour and equipment availability issues impacting product feed.
Force majeure declared in April following the fire at the port has
been lifted.
- On 17 June, Peter Cunningham was appointed as Chief Financial
Officer with immediate effect. Peter also joined the Rio Tinto
Board as an executive director at the same time. On 7 July, we
announced the appointment of Isabelle Deschamps who will join on 25
October as Chief Legal Officer & External Affairs, succeeding
Barbara Levi.
- On 4 June, we announced the appointment of Ben Wyatt as a
non-executive director of the Rio Tinto Board. Mr Wyatt, an
Australian citizen, and former Treasurer and Aboriginal Affairs
Minister in the Western Australian Government, will join the Board
on 1 September 2021.
- In the second quarter, we entered into four partnerships to
progress our work to decarbonise our value chain. These include one
with the Australian Renewable Energy Agency (ARENA) to study
whether hydrogen can replace natural gas in alumina refineries to
reduce emissions, and one with POSCO to jointly explore, develop
and demonstrate technologies to transition to a low-carbon emission
steel value chain.
The full second quarter production results are available
here.
This announcement is authorised for release to the market by
Steve Allen, 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/20210715006088/en/
Contacts Please direct all enquiries to media.enquiries@riotinto.com Media
Relations, UK Illtud Harri M +44 7920 503 600 David
Outhwaite M +44 7787 597 493 Media Relations, Americas
Matthew Klar T +1 514 608 4429 Media Relations,
Australia Jonathan Rose M +61 447 028 913 Matt
Chambers M +61 433 525 739 Jesse Riseborough M +61 436
653 412 Investor Relations, UK Menno Sanderse
M: +44 7825 195 178
David Ovington M +44 7920 010 978 Clare Peever M +44
7788 967 877 Investor Relations, Australia Natalie
Worley M +61 409 210 462 Amar Jambaa M +61 472 865 948
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 riotinto.com Category: General
Grafico Azioni Rio Tinto (ASX:RIO)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Rio Tinto (ASX:RIO)
Storico
Da Apr 2023 a Apr 2024