REG - Rio Tinto - First quarter production results
16/04/2025 07:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250416:nRSP1879Fa&default-theme=true
RNS Number : 1879F Rio Tinto PLC 16 April 2025
Rio Tinto releases first quarter 2025 production results
16 April 2025
Solid performance while growth projects move ahead with pace
Rio Tinto Chief Executive Jakob Stausholm said: "We continued to see strong
operational improvement with the Oyu Tolgoi copper mine and our bauxite
operations delivering record months for production in March. Production was
affected, however, by extreme weather events that impacted our Pilbara iron
ore operations.
"We are making excellent progress with our major projects to deliver
profitable organic growth. We achieved first iron ore at Western Range in the
Pilbara and the Simandou high-grade iron ore project in Guinea remains on
track. After successful completion of the Arcadium acquisition in March, we
are advancing to establish a world-class lithium business.
"We will continue to drive progress towards our long-term strategy to deliver
profitable growth, attractive shareholder returns and build a stronger, more
diversified business."
1. Executive Summary
• Production and cost guidance for the year on track, with Pilbara
iron ore shipments expected to be at the lower end of guidance due to the
losses sustained from extreme weather events in Q1.
• Oyu Tolgoi achieved record copper production in March in line with
our underground mine ramp-up plan.
• Bauxite hit record first quarter production and a monthly
production record in March.
• World-class lithium business now up and running:
◦ Following completion of the Arcadium acquisition in March, we formed
Rio Tinto Lithium, combining Arcadium assets and our Rincon project.
• Development of the Simandou high-grade iron ore project, on
schedule, proceeding at an impressive pace.
• Pilbara Iron Ore replacement projects progressing as expected:
◦ Western Range achieved first ore through the new crushing and
conveying circuit, on plan.
◦ Brockman Syncline 1 investment approved ($1.8 billion) following
receipt of all necessary approvals.
Production(1) Q1 vs Q1 vs Q4 2025 guidance(5) Guidance status
2024
2024
2025
Pilbara iron ore shipments (100% basis) Mt 70.7 -9 % -17 % 323 to 338 Unchanged(6)
Pilbara iron ore production (100% basis) Mt 69.8 -10 % -19 % NA Unchanged
Bauxite Mt 15.0 +12 % -3 % 57 to 59 Unchanged
Alumina Mt 1.9 +3 % -4 % 7.4 to 7.8 Unchanged
Aluminium(2) Mt 0.83 +0 % -1 % 3.25 to 3.45 Unchanged
Copper (consolidated basis)(3) kt 210 +16 % -8 % 780 to 850 Unchanged
Titanium dioxide slag Mt 0.2 -12 % -5 % 1.0 to 1.2 Unchanged
IOC(4) iron ore pellets and concentrate Mt 2.3 -11 % -9 % 9.7 to 11.4 Unchanged
Boric oxide equivalent Mt 0.1 -4 % -11 % ~0.5 Unchanged
(1) Rio Tinto share unless otherwise stated. (2) Includes primary aluminium
only. (3) From Q1 2025, we report copper production and guidance as one
metric, in order to simplify reporting and align with peer practices. For
further details see slide 90 of our Investor Seminar
(https://www.riotinto.com/en/invest/investor-seminars) 2024 presentation. (4)
Iron Ore Company of Canada. (5) See further notes in Section 2, 2025 guidance.
(6) At the lower end of guidance.
2. 2025 guidance
Production guidance
• 2025 production guidance is unchanged.
Pilbara iron ore shipments
• Pilbara iron ore shipments are expected to be at the lower end of
guidance due to the losses sustained from the four cyclones in Q1 (as
previously announced around 13 million tonnes). Mitigation plans are in place
to offset around half of this and will require an additional investment of
around A$150 million for rectification works and contracting mining
activities. Lower volumes and recovery costs will be offset by a weaker than
expected Australian dollar.
• Pilbara iron ore guidance remains subject to the timing of
approvals for planned mining areas and heritage clearances. The system has
limited ability to mitigate further losses from weather if incurred.
Bauxite production
• Guidance remains subject to weather impacts.
Unit cost guidance
• 2025 unit cost guidance is unchanged, based on current parameters.
Unit costs 2025 guidance
Pilbara iron ore unit cash costs, free on board (FOB) basis - US$ per wet 23.0-24.50
metric tonne
Copper C1 net unit costs (includes Kennecott, Oyu Tolgoi and Escondida) - US 130-150
cents per lb
Capital guidance
• Guidance for our share of capital investment is unchanged at
~$11 billion in 2025, which includes our initial view of the Arcadium lithium
capital profile.
3. Group financial update
Expenditure on exploration and evaluation
• Pre-tax and pre-divestment expenditure on exploration and
evaluation charged to the profit and loss account in 2025 was $141 million,
compared with $214 million in 2024. Approximately 35% of the spend was by
central exploration, 10% by Minerals (with the majority focusing on lithium),
38% by Copper, 16% by Iron Ore and 1% by Aluminium. Qualifying expenditure on
the Rincon project has been capitalised since 1 July 2024, accounting for most
of the decrease in expense.
Net debt
• Completion of the acquisition of Arcadium on 6 March increased the
group's net debt by approximately $7.6 billion(1). This includes the $6.7
billion acquisition price and the consolidation of Arcadium's $0.9 billion net
debt, which includes a $0.2 billion loan from Rio Tinto to Arcadium Lithium
plc in January 2025. The inherited net debt reflected Arcadium's commitment to
develop its expansion projects, in a period of lower lithium prices.
(1 ) Expected impact, subject to finalisation of acquisition
accounting review.
4. Our markets
Global economy: The global economy started the year positively with continued
commodity demand growth and inflation seen to be easing or stabilising across
major economies.
There was limited impact on our commodities from the imposition of tariffs in
Q1. However, there is an uncertain future impact from tariffs on the commodity
markets going forward.
Chinese economy: China has set a similar growth rate as last year, with
announced policy support to aid the pivot from exports to domestic
consumption. The property sector saw signs of stabilisation through
improvements in new home sales and the drawdown of inventory. Compared to the
same period last year, there was growth in most other sectors, including
infrastructure, consumer durables and manufacturing.
US economy: The US economy performed solidly in Q1 led by consumer spending
and the housing market showing signs of recovery. Going forward, economic
activity may be affected by tariffs.
Iron ore
• China's crude steel production during Q1 was 2% lower compared to
a year ago but maintained its annualised run-rate at more than one billion
tonnes.
• Iron ore seaborne supply contracted by 3% YoY, and seaborne
arrivals into China fell 9% YoY, due to weather impacts in both Australia and
Brazil.
• China's iron ore inventories at 47 major ports were drawn down by
6Mt during the quarter to 150Mt.
Copper
• LME price supported by positive demand environment, while
expectations for the production outlook have lowered in the market. Chicago
Mercantile Exchange cash price traded above LME price, reflecting tariff
risks.
• Copper concentrate markets remain exceptionally tight due to
excess smelter capacity. Spot concentrate treatment and refining charges
(TCRCs) continue to trade at all-time lows, resulting in production stoppages
or curtailed operating rates for some smelters.
Aluminium
• LME quarterly average price supported by low global inventories
and modest supply growth, but declined towards the end of the quarter given
changes in trade policies.
• Regional price premiums rose in the US by 57% quarter-on-quarter
to $725/t with the implementation of tariffs, but fell in Europe.
• Australian FOB alumina price declined given increased global
supply.
• Chinese bauxite demand remained firm but spot prices fell on
higher Guinean bauxite supply and lower refinery margins.
Lithium
• Lithium demand growth is positive reflecting strong global EV
sales in first two months which were up 30% YoY, increasing at similar rates
to the corresponding period last year.
Titanium dioxide
• Paint and pigment demand yet to gain momentum, with major
downstream customers experiencing a slow start.
Borates
• Borates demand remained stable in Q1, albeit uneven across
sectors. Agricultural growth was strong while housing sectors in Europe and
China remain subdued. Trade flows are already adjusting in response to tariffs
enacted in the US and China.
Index prices Start of Q1 (02/01/25) End of Q1 (31/03/25) % change start - end Q1 Q4 2024 average Q1 2025 average % change QoQ
Iron ore ($/dmt CFR China)(1) 101 104 3 % 103 104 0.3 %
Copper (LME spot, c/lb) 394 439 11 % 417 424 2 %
Aluminium (LME spot, $/t) 2,536 2,519 -1 % 2,575 2,627 2 %
(1) Monthly average Platts (CFR) index for 62% iron fines
5. Iron Ore (Pilbara operations)
Rio Tinto share of production (Million tonnes) Q1 vs Q1 vs Q4
2024
2024
2025
Pilbara Blend and SP10 Lump(1) 19.4 -3 % -17 %
Pilbara Blend and SP10 Fines(1) 27.9 -7 % -21 %
Robe Valley Lump 1.5 0 % -16 %
Robe Valley Fines 2.0 -26 % -26 %
Yandicoogina Fines (HIY) 9.3 -23 % -11 %
Total Pilbara production 60.1 -9 % -18 %
Total Pilbara production (100% basis) 69.8 -10 % -19 %
Rio Tinto share of shipments (Million tonnes) Q1 vs Q1 vs Q4
2024
2024
2025
Pilbara Blend Lump 9.8 -24 % -25 %
Pilbara Blend Fines 18.8 -19 % -19 %
Robe Valley Lump 1.2 -5 % -23 %
Robe Valley Fines 2.2 -24 % -27 %
Yandicoogina Fines (HIY) 9.3 -24 % -12 %
SP10 Lump(1) 8.1 +81 % +11 %
SP10 Fines(1) 11.4 +24 % -15 %
Total Pilbara shipments(2) 60.9 -8 % -16 %
Total Pilbara shipments (100% basis)(2) 70.7 -9 % -17 %
Total Pilbara Shipments (consolidated basis)(2, 3) 62.5 -8 % -16 %
Production figures are sometimes more precise than the rounded numbers shown,
hence small rounding differences may appear.
(1) SP10 includes other lower grade products.
(2) Shipments includes material shipped from the Pilbara to our portside
trading facility in China which may not be sold onwards by the group in the
same period.
(3) While Rio Tinto has a 53% net beneficial interest in Robe River Iron
Associates, it recognises 65% of the assets, liabilities, sales revenues and
expenses in its accounts (as 30% is held through a 60% owned subsidiary and
35% is held through a 100% owned subsidiary). The consolidated basis sales
reported here include Robe River Iron Associates on a 65% basis to enable
comparison with revenue reported in the financial statements.
• Q1: production and shipping were affected by significant weather
events, with the total losses from the four cyclones estimated to be around 13
million tonnes and SP10 levels accounting for 29% of Pilbara shipments (on a
100% basis).
• We have mitigation plans in place to offset around half of the 13
million tonne loss.
• The system was brought back online in early March following
rectification works at the East Intercourse Island port facility.
• We achieved improved performance in March as we cleared stocks
from the mines.
• As we announced on 16 October 2024, we are undertaking a review of
our product strategy. We are currently engaging with customers to determine
the highest value product strategy for our business and our customers.
• Q1 sales: ~10% of sales priced by reference to the prior quarter's
average index lagged by one month:
◦ remainder sold either on current quarter average, month average or
on the spot market.
◦ ~27% of sales were made on a free on board (FOB) basis, with
remainder sold including freight.
• Q1 portside sales in China: 8.6 million tonnes (6.5 million tonnes
in the first quarter of 2024):
◦ ~91% of our portside sales were either screened or blended in
Chinese ports.
◦ end-March: inventory levels at portside were 6.4 million tonnes,
including 5.1 million tonnes of Pilbara product.
6. Aluminium
Rio Tinto share of production ('000 tonnes) Q1 vs Q1 vs Q4
2024
2024
2025
Bauxite 14,966 +12 % -3 %
Bauxite third party shipments 9,807 +15 % -8 %
Alumina 1,921 +3 % -4 %
Aluminium 829 +0 % -1 %
Recycled aluminium 66 -11 % +14 %
Bauxite
• Q1: achieved a first quarter production record and a record
production month for March:
◦ Amrun continued to operate above nameplate capacity as
implementation of the Safe Production System drives higher plant availability
and utilisation rates.
Alumina
• YoY: progress made stabilising operations following the gas
disruptions experienced last year.
• Queensland Alumina Limited (QAL): as the result of sanction
measures by the Australian Government, Rio Tinto has taken on 100% of capacity
of QAL for as long as the sanctions continue. With the end of the QAL
participation agreement at the end of December 2024, QAL and Rio Tinto have
entered into a new two-year tolling agreement for 100% of the capacity,
effectively making QAL a tolling entity exclusively for Rio Tinto. This
additional output is excluded from the production tables in this report as QAL
remains 80% owned by Rio Tinto and 20% owned by Rusal.
Aluminium
• Q1: operations are stable and performing well with continuous
improvements offsetting external challenges that impacted production at our
New Zealand Aluminium Smelter (NZAS) and Kitimat.
◦ NZAS: production impacted by a call from Meridian Energy to reduce
electricity usage by 50 MW from early March to end August, for which we are
compensated. The subsequent ramp-up is expected to run until mid to late
October.
◦ Kitimat: our energy supply and production continues to be impacted
by lower reservoir levels.
Recycled aluminium
• Q1: production rose due to gradually improving market conditions.
7. Copper
Rio Tinto production(1) ('000 tonnes) Q1 vs Q1 vs Q4
2025
2024
2024
Copper
Kennecott - Refined metal(2) 42 -11 % -24 %
Escondida - Metal in concentrates 89 +24 % -5 %
Escondida - Refined metal 14 -8 % +2 %
Oyu Tolgoi - Metal in concentrates 65 +42 % -2 %
Total copper production (consolidated basis(1)) 210 +16 % -8 %
(1) Includes Oyu Tolgoi and Kennecott on a 100% consolidated basis, and
Escondida on an equity share basis.
(2) We continue to process third party concentrate to optimise smelter
utilisation, including 8.3 thousand tonnes of cathode produced from purchased
concentrate in the first quarter 2025. Purchased and tolled copper
concentrates are excluded from reported production figures and production
guidance. Sales of cathodes produced from purchased concentrate are included
in reported revenues.
Kennecott
• Q1: continue to successfully navigate through challenging
geotechnical conditions in the south wall of the mine with minor resequencing.
• YoY: lower production due to lower concentrate stockpiles driven
by geotech issues which accelerated in Q2 2024.
Escondida
• Q1: seasonal tidal swells impacted shipments which had a knock-on
effect through the value chain given stockpile capacity at the port. This
resulted in lower throughput and lower concentrate production, alongside a
nationwide blackout in February.
• YoY: higher concentrate production mainly due to higher ore grade
feed, driven by a change in mine sequence.
Oyu Tolgoi
• March was a record production month:
◦ underground mine continued to set material handling records
achieving average of 28ktpd and record highs of 45ktpd.
• Q1: production fell marginally due to lower mill feed given
planned maintenance activity at the underground mine and concentrator in
January and February, respectively.
• YoY: on track for >50% increase in production, with growth
weighted to the second half of the year when concentrator conversion is fully
commissioned and primary crusher 2 is complete.
• Project ramp-up remains on track to reach an average of 500
thousand tonnes of copper per year (100% basis and stated as recoverable
metal) for the underground and open pit mines for the years 2028 to 2036:(1)
◦ intensifying our work with all stakeholders towards a longer-term
solution for mining in the Entrée joint venture area (which is within Panel
1).
(1)The 500 thousand tonnes per annum copper production target (stated as
recoverable metal) for the Oyu Tolgoi underground and open pit mines for the
years 2028 to 2036 was previously reported in a release to the ASX dated 11
July 2023 "Investor site visit to Oyu Tolgoi copper mine, Mongolia
(https://www.riotinto.com/en/invest/presentations/2023/oyu-tolgoi-site-visit)
". All material assumptions underpinning that production target and those
production profiles continue to apply and have not materially changed.
8. Minerals
Rio Tinto share of production (million tonnes) Q1 vs Q1 vs Q4
2024
2024
2025
Iron ore pellets and concentrate
IOC 2.3 -11 % -9 %
Rio Tinto share of production ('000 tonnes) Q1 vs Q1 vs Q4
2024
2024
2025
Minerals
Borates - B(2)O(3) content 117 -4 % -11 %
Titanium dioxide slag 223 -12 % -5 %
Rio Tinto share of production ('000 carats) Q1 vs Q1 vs Q4
2024
2024
2025
Diavik 942 +27 % +22 %
Iron Ore Company of Canada (IOC)
• Q1: focused heavily on mine pit heath, made good progress on waste
removal and achieved a first quarter record for movement of material. However,
output was reduced at the concentrator due to lower weight yield (vs ore
planned) which will be addressed as we make changes to the mine plan over the
next few months.
Borates
• Q1: operational challenges in January and February, due to
unscheduled plant outage to address process line scaling issues, which have
now been permanently resolved.
Iron and Titanium
• Q1: lower production as Richards Bay Minerals (RBM) conducted
maintenance shutdowns on its roasters reducing furnace feed availability.
• In February, we restarted a furnace at RTIT Quebec Operations,
following its successful rebuild. We now operate seven (out of nine) furnaces
in Quebec and three out of four furnaces at RBM. RTIT is thus
well-positioned to meet market demand going forward.
Lithium
• Q1: full first quarter lithium carbonate equivalent production
from Arcadium was 17kt (20kt on a 100% basis) of which 6kt was produced since
completion of the acquisition in March (7kt on a 100% basis).
9. Capital Projects
Project Total Status/Milestones
capital cost
(100% unless
otherwise stated)
Iron ore
Project: Western Range $1.3bn • First ore achieved via the new crushing and conveying circuit in
March, on plan
Location: WA, Australia (Rio Tinto share)(1)
• Remainder of non-critical construction expected to be completed in
Ownership: Rio Tinto (54%) and China Baowu Steel Group Co. Ltd (46%) Q2 with production ramp-up over the remainder of 2025
Capacity: 25 Mtpa
Approval: Sept 2022
Planned first production: H1 2025
To note: The project includes construction of a primary crusher and an 18
kilometre conveyor connection to the Paraburdoo processing plant.
Project: Brockman (Brockman Syncline 1) $1.8bn • Received all necessary State and Federal Government approvals
• Commencement of main works construction now enabled
Location: WA, Australia
Ownership: 100%
Capacity: 34 Mtpa
Approval: Oct 2024 (Mar 2025 was government approvals)
Planned first production: 2027
To note: The project is to extend the life of the Brockman regions in WA and
sustain production from iron ore operations
Project: Simandou $6.2bn • SimFer mine(4) is on track
Location: Guinea, Africa (Rio Tinto • SimFer mine - bulk earthworks are progressing and permanent
process facilities installation will commence in Q2
SimFer mine ownership: SimFer (85%), Government of Guinea (GoG) (15%) share)
• SimFer rail spur - is progressing well with all bridge piers
SimFer mine capacity: 60 Mtpa (27 Mtpa RT share) complete, tunnel excavation close to completion and rail installation on plan
(connects the multi-use TransGuinean railway line from our mine operations to
Approval: July 2024 the port facilities)
Planned first production: 2025 at mine gate, ramping up over 30 months to full • SimFer port - continues to advance with the commencement of the
capacity car dumper structure construction with preparations underway to mobilise at
the shipyard in China to start fabrication of the transhipment vessels in Q2
To note: Investment in the Simandou high-grade iron ore project in Guinea in
partnership with CIOH, a Chinalco-led consortium (the SimFer joint venture) • Workforce across all the SimFer scope of mine, rail and port has
and co-development of the rail and port infrastructure with Winning Consortium reached 18,900 with 81% national Guinean participation
Simandou² (WCS), Baowu and the Republic of Guinea (the partners) for the
export of up to 120 million tonnes per year of iron ore mined by SimFer's and • Reporting from our partners confirms that non-managed
WCS's respective mining concessions.³ The SimFer joint venture⁴ will infrastructure construction is progressing well and is on track
develop, own and operate a 60 million tonne per year⁵ mine in blocks 3 &
4. WCS will construct the project's ~536 kilometre shared dual track main
line, a 16 kilometre spur connecting its mine to the mainline as well as the
WCS barge port, while SimFer will construct the ~70 kilometre spur line,
connecting its mining concession to the main rail line, and the transhipment
vessel (TSV) port.
Project Total Status/Milestones
capital cost
(100% unless
otherwise stated)
Aluminium
Project: Low-carbon AP60 aluminium smelter $1.1bn • Project work progresses
Location: Quebec, Canada • Construction progress included mechanical, piping, electrical and
instrumentation activities with prioritisation on building activities
Ownership: Rio Tinto (100%)
Capacity: Project will add 96 new AP60 pots, increasing AP60 capacity by
160,000 tonnes of primary aluminium per annum
Approval: June 2023
Planned start date: Commissioning is expected in H1 2026, smelter fully ramped
up by end of 2026
To note: The investment includes up to $113 million of financial support from
the Quebec government. This new capacity is expected to be in addition to
30,000 tonnes of new recycling capacity at Arvida, which will open in the
fourth quarter of 2025.
Copper
Project: Oyu Tolgoi underground mine $7.06bn • Conveyor to surface system (transports ore from a depth of 1,300
metres to concentrator) - now fully operational and providing the necessary
Location: Mongolia material handling capability to support the underground mining ramp-up
Ownership: Rio Tinto (66%), Government of Mongolia (34%) • Concentrator conversion - the floatation priority works now
commissioned, with the remaining works to be completed through Q2 2025
Capacity: from both the open pit and underground mines, average of ~500kt(6)
per year from 2028 to 2036. • Primary crusher 2 - construction progressing to plan and remains
on track to be completed during Q4 2025
Approval: 2016
Planned production: 2024, ramp-up till 2028
To note: Oyu Tolgoi is set to become the world's 4th largest copper mine by
2030
Project: Kennecott open pit extension $1.8bn • Project work progresses
Location: Utah, United States
Ownership: Rio Tinto (100%)
Approval: 2019
To note: The project scope includes mine stripping activities and some
infrastructure development, including tailings facility expansion. The project
will allow mining to continue into a new area of the orebody between 2026 and
2032.
Project: Kennecott North Rim Skarn (NRS)(7) underground development $0.6bn • Project work progresses
Location: Utah, United States
Ownership: Rio Tinto (100%)
Capacity: around 250,000 tonnes through to 2033(8)
Approval: June 2023
Planned first production: H2 2025
To note: Original approval for $0.5bn with a further $0.1 billion approved in
December 2024 for additional infrastructure and geotechnical controls.
Project Total Status/Milestones
capital cost
(100% unless
otherwise stated)
Lithium
Project: Rincon expansion $2.5bn • Starter plant - construction reached substantial completion, with
final system testing and commissioning planned in Q2
Location: Salta province, Argentina
• Expansion project - construction is scheduled to begin in
Ownership: Rio Tinto (100%) mid-2025, subject to permitting
Capacity: total of 60kt per year (battery grade lithium carbonate)
Approval: Dec 2024
Planned first production: 2028 with three-year ramp-up to full capacity
To note: Project consists of the 3kt starter plant and 57kt expansion plant.
The mine is expected to have a 40-year⁹ life and operate in the first
quartile of the cost curve.
Project: Fenix $0.7bn • Project work progresses
Location: Catamarca province, Argentina
Ownership: Rio Tinto (100%)
Capacity: 10ktpa LCE (Battery Grade Lithium Carbonate)
Planned first production: 2027
To note: product is carbonate, chloride
Project: Sal de Vida $0.7bn • Project work progresses
Location: Catamarca province, Argentina
Ownership: Rio Tinto (100%)
Capacity: 15ktpa
Planned first production: 2027
To note: product is carbonate
Project: Nemaska Lithium $1.1bn • Project work progresses
(Rio Tinto share)
Location: Quebec, Canada
Ownership: Rio Tinto (50%), Investissement Québec (50%)
Capacity: 28kpta LCE (100%)
Planned first production: 2028
To note: product is integrated lithium hydroxide
1. Rio Tinto share of the Western Range capital cost includes 100% of
funding costs for Paraburdoo plant upgrades.
2. WCS is the holder of Simandou North Blocks 1 & 2 (with the
Government of Guinea holding a 15% interest in the mining vehicle and WCS
holding 85%) and associated infrastructure. WCS was originally held by WCS
Holdings, a consortium of Singaporean company, Winning International Group
(50%) and Weiqiao Aluminium (part of the China Hongqiao Group) (50%). On 19
June 2024, Baowu Resources completed the acquisition of a 49% share of WCS
mine and infrastructure projects with WCS Holdings holding the remaining 51%.
In the case of the mine, Baowu also has an option to increase to 51% during
operations. During construction, SimFer will hold 34% of the shares in the WCS
infrastructure entities with WCS holding the remaining 66%.
3. WCS holds the mining concession for Blocks 1 & 2, while SimFer
holds the mining concession for Blocks 3 & 4. SimFer and WCS will
independently develop their mines.
4. SimFer Jersey Limited is a joint venture between the Rio Tinto Group
(53%) and Chalco Iron Ore Holdings Ltd (CIOH) (47%), a Chinalco-led joint
venture of leading Chinese SOEs (Chinalco (75%), Baowu (20%), China Rail
Construction Corporation (2.5%) and China Harbour Engineering Company (2.5%)).
SimFer S.A. is the holder of the mining concession covering Simandou Blocks 3
& 4, and is owned by the Guinean State (15%) and SimFer Jersey Limited
(85%). SimFer Infraco Guinée S.A. will deliver SimFer's scope of the
co-developed rail and port infrastructure, and is co-owned by SimFer Jersey
(85%) and the Guinean State (15%). SimFer Jersey will ultimately own 42.5% of
Compagnie du Transguinéen, which will own and operate the co-developed
infrastructure during operations.
5. The estimated annualised capacity of approximately 60 million dry
tonnes per annum iron ore for the Simandou life of mine schedule was
previously reported in a release to the Australian Securities Exchange (ASX)
dated 6 December 2023 titled "Investor Seminar 2023". Rio Tinto confirms that
all material assumptions underpinning that production target continue to apply
and have not materially changed.
6. The 500 thousand tonne per year copper production target (stated as
recoverable metal) for the Oyu Tolgoi underground and open pit mines for the
years 2028 to 2036 was previously reported in a release to the Australian
Securities Exchange (ASX) dated 11 July 2023 "Investor site visit to Oyu
Tolgoi copper mine, Mongolia". All material assumptions underpinning that
production target continue to apply and have not materially changed.
7. The NRS Mineral Resources and Ore Reserves, together with the Lower
Commercial Skarn (LCS) Mineral Resources and Ore Reserves, form the
Underground Skarns Mineral Resources and Ore Reserves.
8. The 250 thousand tonne copper production target for the Kennecott
underground mines over the years 2023 to 2033 was previously reported in a
release to the Australian Securities Exchange (ASX) dated 20 June 2023 "Rio
Tinto invests to strengthen copper supply in US". All material assumptions
underpinning that production target continue to apply and have not materially
changed.
9. The production target of approximately 53 kt of battery grade lithium
carbonate per year for a period of 40 years was previously reported in a
release to the ASX dated 4 December 2024 titled "Rincon Project Mineral
Resources and Ore Reserves: Table 1". Rio Tinto confirms that all material
assumptions underpinning that production target continue to apply and have not
materially changed. Plans are in place to build for a capacity of 60 kt of
battery grade lithium carbonate per year with debottlenecking and improvement
programs scheduled to unlock this additional throughput.
10. Future Projects
Project Status
Iron Ore: Pilbara brownfields
Projects: Pilbara mine replacement projects - Hope Downs 1 (including Hope • Continue to advance our next tranche of Pilbara mine replacement
Downs 2 and Bedded Hilltop), Greater Nammuldi and West Angelas projects
Location: WA, Australia • Environmental and heritage approvals are underway, with timelines
subject to these approvals
Capacity: over the medium term, our Pilbara system capacity remains between
345 and 360 million tonnes per year. Meeting this range, and the planned • The Greater Nammuldi project continues to progress at a rate
product mix, will require the approval and delivery of the next tranche of behind the original development schedule
replacement mines over the next five years.
Iron Ore: Rhodes Ridge
Location: WA, Australia • Mitsui announced it agreed to acquire 40% interest in the Rhodes
Ridge Joint Venture (RRJV) from Rio Tinto's partners, subject to regulatory
Ownership: Rio Tinto (50%), Mitsui & Co. (40%), AMB Holdings Pty Ltd (10%) approvals and other closing conditions
Capacity: 40 Mtpa (initial capacity) • Rio Tinto's 50% interest in the RRJV and the terms of the joint
venture arrangements remain unchanged
First ore: end of decade
To note: pre-feasibility study remains on track to be completed in 2025
subject to relevant approvals. The development would use Rio Tinto's rail,
port and power infrastructure.
Copper: Resolution
Location: Arizona, US • Continue to await a decision from the U.S. Supreme Court on the
petition filed by the Apache Stronghold requesting to hear its case to stop
Ownership: Rio Tinto (55%), BHP (45%) the land exchange between Resolution Copper and the federal government
To note: proposed underground copper mine in the Copper Triangle, in Arizona. • Await re-publication of a Final Environmental Impact Statement by
the United States Forest Service
• Continue to advance partnerships with several federally-recognised
Native American Tribes
• While there is significant local support for the project, we
respect the views of groups who oppose it and will continue our efforts to
address concerns
Copper: Winu
Location: WA, Australia • Continue to work with Sumitomo Metal Mining (SMM) to finalise
definitive joint venture agreements
Ownership: Rio Tinto (70%), Sumitomo Metal Mining (SMM) (30%)
• Progressing the pre-feasibility study
To note: In late 2017, we discovered copper-gold mineralisation at the Winu
project (Paterson Province in Western Australia). In 2021, we reported our
first Indicated Mineral Resource. The pathway remains subject to regulatory
and other required approvals. The pre-feasibility study with the initial
development of processing capacity of up to 10 million tonnes per year
continues and is expected to be completed in 2025, along with the submission
of an Environmental Review Document under the EPA Environmental Impact
Assessment process. Project Agreement negotiations with Nyangumarta and the
Martu Traditional Owner Groups remain our priority.
Copper: La Granja
Location: Cajamarca, Peru • Project work progresses
Ownership: Rio Tinto (45%), First Quantum (55%)
To note: In August 2023, we completed a transaction to form a joint venture
with First Quantum Minerals (FQM) that will work to unlock the development of
the La Granja project in Peru, one of the largest undeveloped copper deposits
in the world, with potential to be a large, long-life operation. First Quantum
acquired a 55% stake for $105 million. It will invest up to a further $546
million into the joint venture to sole fund capital and operational costs to
take the project through a feasibility study and toward development.
Project Status
Aluminium: Arctial partnership
Location: Finland • Project work progresses
To note: Partnership agreement with the Swedish investment company Vargas,
Mitsubishi Corporation and other international and local industry partners to
study a low carbon aluminium greenfield opportunity in Finland. As the
strategic industrial partner, Rio Tinto will provide the Arctial partnership
with access to its proven industry-leading AP60 technology and assist in what
would be the first AP60 deployment in an aluminium smelter outside Quebec,
Canada.
Lithium
Location: Canada and Argentina • Canada: work in progress at Galaxy
• Argentina: work in progress at Cauchari, Fenix and Sal de Vida
next phases
Lithium: Jadar
Location: Serbia • Continued the application process for obtaining the
Exploitation Field Licence (EFL) (the EFL is essential for commencing
Ownership: Rio Tinto (100%) fieldwork, including detailed geotechnical investigations)
To note: Development of the greenfield Jadar lithium-borates project in Serbia • We remain focused on consultation with all key stakeholders,
will include an underground mine with associated infrastructure and equipment, including providing comprehensive factual information about the project
as well as a beneficiation chemical processing plant.
11. Exploration and evaluation
Commodities Studies Stage Advanced projects Greenfield/ Brownfield programs QoQ change
Bauxite East Arnhemland, Australia
Battery Materials Lithium borates: Jadar, Serbia Lithium Nickel Greenfield: Finland Added Lithium carbonates, Argentina in reference to multiple expansions
carbonates: Argentina
studies on existing brownfield operations acquired through Arcadium Lithium
Lithium Greenfield: Australia, Canada, Chile, China, Finland, Kazakhstan,
Nickel: Tamarack, US (3rd party operated) Rwanda, US
Copper Copper/molybdenum: Resolution, US Copper: Nuevo Cobre, Copper Greenfield: Angola, Australia, Chile, China, Colombia, Kazakhstan, Progressed Nuevo Cobre project to the Advanced project stage based on an
Chile La Granja, Laos, Peru, Papua New Guinea, Serbia, US, Zambia expanded 2025 work programme
Copper/gold: Winu, Australia Peru (3rd party operated)
Removed Copper Brownfields (Bingham and Winu) with completion of work
programmes
Diamonds Chiri, Angola
Iron Ore Pilbara, Australia Pilbara, Australia Greenfield and Brownfield: Pilbara, Australia
Minerals Heavy Mineral Sands: Mutamba, Mozambique Rutile-graphite: Kasiya, Malawi Potash: Texas, Canada. Progressed Kasiya project to Studies stage based on completion of Optimised
(3rd party operated)
Pre-Feasibility Study(1)
HMS: Kamiesberg, South Africa (3rd party operated).
(1) On 22 January 2025, Sovereign Metals Limited announced the completion of
an OPFS on the Kasiya rutile-graphite project in Malawi. The OPFS was
completed with oversight from the Sovereign-Rio Tinto technical committee.
( )
• Rio Tinto has a strong portfolio of projects with activity in 17
countries across eight commodities in early exploration and studies stages.
• Bulk of the exploration expenditure is focused on copper in
Angola, Chile, Colombia, Peru and the US, lithium in Canada, Rwanda, Chile and
Australia and diamonds in Angola.
(
)
12. First quarter public releases
2 Januar
(https://www.riotinto.com/en/news/releases/2025/missing-crew-member-from-rio-tinto-marine-vessel)
y
(https://www.riotinto.com/en/news/releases/2025/missing-crew-member-from-rio-tinto-marine-vessel)
202
(https://www.riotinto.com/en/news/releases/2025/missing-crew-member-from-rio-tinto-marine-vessel)
5
(https://www.riotinto.com/en/news/releases/2025/missing-crew-member-from-rio-tinto-marine-vessel)
|
(https://www.riotinto.com/en/news/releases/2025/missing-crew-member-from-rio-tinto-marine-vessel)
Missing crew member from Rio Tinto Marine vessel
(https://www.riotinto.com/en/news/releases/2025/missing-crew-member-from-rio-tinto-marine-vessel)
15 January 2025 |
(https://www.riotinto.com/en/news/releases/2025/unbc-appoints-two-research-chairs-in-partnership-with-rio-tinto)
UNBC appoints two Research Chairs in partnership with Rio Tinto
(https://www.riotinto.com/en/news/releases/2025/unbc-appoints-two-research-chairs-in-partnership-with-rio-tinto)
20 J
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-welcomes-australian-government-support-for-low-carbon-aluminium)
anuary 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-welcomes-australian-government-support-for-low-carbon-aluminium)
Rio Tinto welcomes Australian Government support for low-carbon aluminium
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-welcomes-australian-government-support-for-low-carbon-aluminium)
22 J
(https://www.riotinto.com/en/news/releases/2025/indigital-and-rio-tinto-launch-caring-for-country-program)
anuary 2025
(https://www.riotinto.com/en/news/releases/2025/indigital-and-rio-tinto-launch-caring-for-country-program)
|
(https://www.riotinto.com/en/news/releases/2025/indigital-and-rio-tinto-launch-caring-for-country-program)
Indigital and Rio Tinto launch 'Caring for Country' program to combine
Indigenous knowledge and technology for biodiversity conservation
(https://www.riotinto.com/en/news/releases/2025/indigital-and-rio-tinto-launch-caring-for-country-program)
24 January 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-provides-iron-ore-update-following-tropical-cyclone-sean)
Rio Tinto provides Iron Ore update following Tropical Cyclone Sean
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-provides-iron-ore-update-following-tropical-cyclone-sean)
28 January 2025 |
(https://www.riotinto.com/en/news/releases/2025/pilbara-aboriginal-art-on-show-to-international-audiences-in-2025)
Pilbara Aboriginal art on show to international audiences in 2025
(https://www.riotinto.com/en/news/releases/2025/pilbara-aboriginal-art-on-show-to-international-audiences-in-2025)
30 Jan
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-and-hydro-partner-on-carbon-capture-technologies-for-aluminium-smelters)
uary 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-and-hydro-partner-on-carbon-capture-technologies-for-aluminium-smelters)
Rio Tinto and Hydro partner on carbon capture technologies for aluminium
smelters
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-and-hydro-partner-on-carbon-capture-technologies-for-aluminium-smelters)
30 January 2025
(https://www.riotinto.com/en/news/releases/2025/richards-bay-minerals-signs-ppa-agreement-with-red-rocket-south-africa)
|
(https://www.riotinto.com/en/news/releases/2025/richards-bay-minerals-signs-ppa-agreement-with-red-rocket-south-africa)
Richards Bay Minerals signs PPA agreement with Red Rocket South Africa
(https://www.riotinto.com/en/news/releases/2025/richards-bay-minerals-signs-ppa-agreement-with-red-rocket-south-africa)
5 F
(https://www.riotinto.com/en/news/releases/2025/partnership-to-strengthen-water-security-in-pilbara)
ebruary 2025 |
(https://www.riotinto.com/en/news/releases/2025/partnership-to-strengthen-water-security-in-pilbara)
New partnership to strengthen water security in the Pilbara
(https://www.riotinto.com/en/news/releases/2025/partnership-to-strengthen-water-security-in-pilbara)
7 February 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-us-borax-donates-600000-to-support-communities-impacted-by-los-angeles-wildfires)
Rio Tinto U.S. Borax donates $600,000 to support communities impacted by Los
Angeles Wildfires
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-us-borax-donates-600000-to-support-communities-impacted-by-los-angeles-wildfires)
12 F
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-donates-a750000-to-queensland-flood-relief-and-recovery-efforts)
ebruary 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-donates-a750000-to-queensland-flood-relief-and-recovery-efforts)
Rio Tinto donates A$750,000 to Queensland flood relief and recovery efforts
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-donates-a750000-to-queensland-flood-relief-and-recovery-efforts)
13 February 2025 | Sa
(https://www.riotinto.com/en/news/releases/2025/safety-is-rio-tintos-priority-as-tropical-cyclone-zelia-intensifies)
fety is Rio Tinto
(https://www.riotinto.com/en/news/releases/2025/safety-is-rio-tintos-priority-as-tropical-cyclone-zelia-intensifies)
'
(https://www.riotinto.com/en/news/releases/2025/safety-is-rio-tintos-priority-as-tropical-cyclone-zelia-intensifies)
s priority as Tropical Cyclone Zelia intensifies
(https://www.riotinto.com/en/news/releases/2025/safety-is-rio-tintos-priority-as-tropical-cyclone-zelia-intensifies)
16 February 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-provides-iron-ore-update-following-tropical-cyclone-zelia)
Rio Tinto provides Iron Ore update following Tropical Cyclone Zelia
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-provides-iron-ore-update-following-tropical-cyclone-zelia)
19 F
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-notes-mitsui-has-agreed-to-join-rhodes-ridge-joint-venture)
eb
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-notes-mitsui-has-agreed-to-join-rhodes-ridge-joint-venture)
ruary 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-notes-mitsui-has-agreed-to-join-rhodes-ridge-joint-venture)
Rio Tinto notes Mitsui has agreed to join Rhodes Ridge Joint Venture
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-notes-mitsui-has-agreed-to-join-rhodes-ridge-joint-venture)
20 February 2025
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-strong-operating-performance-underpins-financial-results)
|
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-strong-operating-performance-underpins-financial-results)
Rio Tinto: Strong operating performance underpins financial results
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-strong-operating-performance-underpins-financial-results)
20 F (https://www.riotinto.com/en/news/releases/2025/rio-tinto-board-changes)
ebruary 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-board-changes) Rio
Tinto Board changes
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-board-changes)
21 Feb
(https://www.riotinto.com/en/news/releases/2025/argyle-pink-diamondstm-and-west-australian-ballet-collaborate-on-unique-rare-gem-partnership)
r
(https://www.riotinto.com/en/news/releases/2025/argyle-pink-diamondstm-and-west-australian-ballet-collaborate-on-unique-rare-gem-partnership)
uary 2025 |
(https://www.riotinto.com/en/news/releases/2025/argyle-pink-diamondstm-and-west-australian-ballet-collaborate-on-unique-rare-gem-partnership)
Argyle Pink Diamonds™ and West Australian Ballet collaborate on unique Rare
Gem partnership
(https://www.riotinto.com/en/news/releases/2025/argyle-pink-diamondstm-and-west-australian-ballet-collaborate-on-unique-rare-gem-partnership)
26 Fe
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-conducts-renewable-diesel-trial-across-pilbara)
bruary 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-conducts-renewable-diesel-trial-across-pilbara)
Rio Tinto conducts first renewable diesel trial across Pilbara iron ore
operations
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-conducts-renewable-diesel-trial-across-pilbara)
3 Mar
(https://www.riotinto.com/en/news/releases/2025/shipping-resumes-at-rio-tintos-east-intercourse-island-facility-at-dampier-port)
ch 2025 |
(https://www.riotinto.com/en/news/releases/2025/shipping-resumes-at-rio-tintos-east-intercourse-island-facility-at-dampier-port)
Shipping resumes at Rio Tinto's East Intercourse Island facility at Dampier
Port
(https://www.riotinto.com/en/news/releases/2025/shipping-resumes-at-rio-tintos-east-intercourse-island-facility-at-dampier-port)
6 March 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-to-invest-1_8-billion-to-develop-brockman-mine-extension-in-western-australias-pilbara)
Rio Tinto to invest $1.8 billion to develop Brockman mine extension in Western
Australia's Pilbara
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-to-invest-1_8-billion-to-develop-brockman-mine-extension-in-western-australias-pilbara)
6 Mar
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-completes-acquisition-of-arcadium-lithium)
ch 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-completes-acquisition-of-arcadium-lithium)
Rio Tinto completes acquisition of Arcadium Lithium
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-completes-acquisition-of-arcadium-lithium)
10 Mar
(https://www.riotinto.com/en/news/releases/2025/first-roundtable-to-address-panguna-mine-legacy-)
ch
(https://www.riotinto.com/en/news/releases/2025/first-roundtable-to-address-panguna-mine-legacy-)
2025 |
(https://www.riotinto.com/en/news/releases/2025/first-roundtable-to-address-panguna-mine-legacy-)
Autonomous Bougainville Government, Bougainville Copper Limited and Rio Tinto
hold first roundtable to address Panguna Mine Legacy
(https://www.riotinto.com/en/news/releases/2025/first-roundtable-to-address-panguna-mine-legacy-)
12 March 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-finance-usa-plc-prices-us9_0-billion-of-fixed-and-floating-rate-notes)
Rio Tinto Finance (USA) plc prices US$9.0 billion of fixed and floating rate
notes
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-finance-usa-plc-prices-us9_0-billion-of-fixed-and-floating-rate-notes)
13 M
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-and-edify-energy-sign-landmark-solar-and-battery-agreement-for-rio-tintos-gladstone-operations)
arch 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-and-edify-energy-sign-landmark-solar-and-battery-agreement-for-rio-tintos-gladstone-operations)
Rio Tinto and Edify Energy sign landmark solar and battery agreement for Rio
Tinto's Gladstone operations
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-and-edify-energy-sign-landmark-solar-and-battery-agreement-for-rio-tintos-gladstone-operations)
14 Mar
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-donates-a1-million-to-australian-red-cross-for-cyclone-alfred-relief)
ch 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-donates-a1-million-to-australian-red-cross-for-cyclone-alfred-relief)
Rio Tinto donates A$1 million to Australian Red Cross for Cyclone Alfred
relief
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-donates-a1-million-to-australian-red-cross-for-cyclone-alfred-relief)
19 March
(https://www.riotinto.com/en/news/releases/2025/statement-on-agm-resolution-to-review-the-rio-tinto-dual--listed-companies-structure)
2025 |
(https://www.riotinto.com/en/news/releases/2025/statement-on-agm-resolution-to-review-the-rio-tinto-dual--listed-companies-structure)
Statement on AGM resolution to review the Rio Tinto dual- listed companies
structure
(https://www.riotinto.com/en/news/releases/2025/statement-on-agm-resolution-to-review-the-rio-tinto-dual--listed-companies-structure)
27 March 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-releases-details-of-8-4-billion-of-taxes-and-royalties-paid-in-2024)
Rio Tinto releases details of $8.4 billion of taxes and royalties paid in 2024
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-releases-details-of-8-4-billion-of-taxes-and-royalties-paid-in-2024)
27 Mar
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-launches-south-gobi-underground-mass-mining-institute-at-its-world-class-oyu-tolgoi-copper-mine)
ch 2025 |
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-launches-south-gobi-underground-mass-mining-institute-at-its-world-class-oyu-tolgoi-copper-mine)
Rio Tinto launches South Gobi Underground Mass Mining Institute at its world
class Oyu Tolgoi copper mine
(https://www.riotinto.com/en/news/releases/2025/rio-tinto-launches-south-gobi-underground-mass-mining-institute-at-its-world-class-oyu-tolgoi-copper-mine)
13. First quarter production tables
Please find our Excel production tables on our website here
(https://www.riotinto.com/en/invest/financial-news-performance/production)
Contacts Please direct all enquiries to media.enquiries@riotinto.com
Media Relations, Media Relations, Media Relations,
United Kingdom Australia Americas
Matthew Klar Matt Chambers Jesse Riseborough
M +44 7796 630 637 M +61 433 525 739 M +61 436 653 412
David Outhwaite Michelle Lee Simon Letendre
M +44 7787 597 493 M +61 458 609 322 M +1 514 796 4973
Rachel Pupazzoni Malika Cherry
M +61 438 875 469 M +1 418 592 7293
Vanessa Damha
M +1 514 715 2152
Investor Relations, Investor Relations, Australia
United Kingdom
Tom Gallop
Rachel Arellano M +61 439 353 948
M +44 7584 609 644
Amar Jambaa
David Ovington M +61 472 865 948
M +44 7920 010 978
Laura Brooks
M +44 7826 942 797
Weiwei Hu
M +44 7825 907 230
Rio Tinto plc Rio Tinto Limited
6 St James's Square Level 43, 120 Collins Street
London SW1Y 4AD Melbourne 3000
United Kingdom Australia
T +44 20 7781 2000 T +61 3 9283 3333
Registered in England Registered in Australia
No. 719885 ABN 96 004 458 404
This announcement is authorised for release to the market by Andy Hodges, Rio
Tinto's Group Company Secretary.
riotinto.com
LEI: 213800YOEO5OQ72G2R82
Classification: 3.1 Additional regulated information required to be disclosed
under the laws of a Member State
Forward-looking statement
This announcement includes "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. All statements other
than statements of historical facts included in this report, including,
without limitation, those regarding Rio Tinto's financial position, production
guidance, business strategy, plans and objectives of management for future
operations (including development plans and objectives relating to Rio Tinto's
products, production forecasts and reserve and resource positions), are
forward-looking statements. The words "intend", "aim", "project",
"anticipate", "estimate", "plan", "believes", "expects", "may", "should",
"will", "target", "set to" or similar expressions, commonly identify such
forward-looking statement.
Such forward-looking statements involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or
achievements of Rio Tinto, or industry results, to be materially different
from any future results, performance or achievements expressed or implied by
such forward-looking statements. Such forward-looking statements are based on
numerous assumptions regarding Rio Tinto's present and future business
strategies and the environment in which Rio Tinto will operate in the future.
A discussion of the important factors that could cause Rio Tinto's actual
results, performance or achievements to differ materially from those in the
forward-looking statements can be found in Rio Tinto's most recent Annual
Report and accounts in Australia and the United Kingdom and the most recent
Annual Report on Form 20-F filed with the United States Securities and
Exchange Commission (the "SEC") or Form 6-Ks furnished to, or filed with, the
SEC. Forward-looking statements should, therefore, be construed in light of
the risk factors discussed in such documents, and undue reliance should not
be placed on forward-looking statements. These forward-looking statements
speak only as of the date of this report. Rio Tinto expressly disclaims any
obligation or undertaking (except as required by applicable law, the UK
Listing Rules, the Disclosure Guidance and Transparency Rules of the Financial
Conduct Authority and the Listing Rules of the Australian Securities Exchange)
to release publicly any updates or revisions to any forward-looking statement
contained herein to reflect any change in Rio Tinto's expectations with regard
thereto or any change in events, conditions or circumstances on which any such
statement is based.
Nothing in this announcement should be interpreted to mean that future
earnings per share of Rio Tinto plc or Rio Tinto Limited will necessarily
match or exceed its historical published earnings per share. Past performance
cannot be relied on as a guide to future performance.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DRLUVUURVOUSAURRecent news on Rio Tinto
See all newsREG - Rio Tinto - Director/PDMR Shareholding
AnnouncementREG - Rio Tinto - Director/PDMR Shareholding
AnnouncementREG - Rio Tinto - Director/PDMR Shareholding
AnnouncementREG - Rio Tinto - Director/PDMR Shareholding
AnnouncementREG - Rio Tinto - First quarter production results
Announcement