20 JANUARY 2015AlCircle.com
Rio Tinto releases robust fourth quarter production performance
Edited by : AL CIRCLE
2 min read
Rio Tinto chief executive Sam Walsh said “We have had a successful year of production, capped off with a robust fourth quarter. Output is in line with our targets across all of our major products. In a challenging market Rio Tinto remains focused on operating and commercial excellence to leverage our low-cost position and maximise value for shareholders.”
Below are the highlights for its Bauxite, Aluminium and Coal business:
| Q4’14 | vs Q4’13 | vs Q3’14 | 2014 | vs 2013 | ||
| Bauxite | kt | 10,794 | -6% | -1% | 41,871 | -3% |
| Aluminium | kt | 842 | -1% | -1% | 3,361 | -1% |
| Hard coking coal | kt | 1,656 | -31% | -14% | 7,471 | -9% |
| Semi-soft and thermal coal | kt | 5,502 | -16% | -10% | 25,099 | -6% |
- Global bauxite production was temporarily reduced by three per cent in 2014 as Gove transitions to bauxite exports following the curtailment of the refinery in May 2014.
- Aluminium production in 2014 was broadly in line with 2013, despite the closure of Shawinigan in November 2013 and the partial shutdown at Kitimat, which continues to prepare for full commissioning of the modernised smelter during the first half of 2015. Eight smelters, representing 54 per cent of 2014 production volumes, achieved annual production records.
- Significant productivity gains across the Australian coal business delivered annual site production records at Hail Creek in Queensland, Hunter Valley Operations and Bengalla. Excluding production from the Clermont mine which was divested during the year, thermal coal production increased by 15 per cent (2.5 million tonnes) in 2014 compared to 2013.
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