16 JULY 2015Rio Tinto Press Release
Rio Tinto releases strong second quarter production results
Edited by : AL CIRCLE
2 min read
Rio Tinto releases strong production results for second quarter 2015 across all sectors.
Rio Tinto chief executive Sam Walsh said “We have maintained our emphasis on efficiency and protecting returns, which is reflected in this solid production performance. We have also delivered three significant achievements within our growth portfolio. In aluminium, our Kitimat smelter is now producing metal from its expanded facilities, bringing 80 per cent of our smelting capacity into the first cost quartile. Our combination of world-class assets, financial strength, and operating and commercial excellence provides a sound base to continue to generate sustainable returns for our shareholders.”
Aluminium Highlight
• The modernised Kitimat aluminium smelter in Canada poured first hot metal during the quarter.
- The progressive ramp up of production towards nameplate capacity of 420 thousand tonnes is expected to complete in early 2016. The modernised smelter will substantially increase output and lower production costs and emissions.
(All currency figures in this report are US dollars, and comments refer to Rio Tinto’s share of production, unless otherwise stated. To allow production numbers to be compared on a like-for-like basis, production from asset divestments completed in 2014 have been excluded from Rio Tinto share of production data but assets sold in 2015 remain in comparisons.)
Rio Tinto chief executive Sam Walsh said “We have maintained our emphasis on efficiency and protecting returns, which is reflected in this solid production performance. We have also delivered three significant achievements within our growth portfolio. In aluminium, our Kitimat smelter is now producing metal from its expanded facilities, bringing 80 per cent of our smelting capacity into the first cost quartile. Our combination of world-class assets, financial strength, and operating and commercial excellence provides a sound base to continue to generate sustainable returns for our shareholders.”
Aluminium Highlight
• The modernised Kitimat aluminium smelter in Canada poured first hot metal during the quarter.
- The progressive ramp up of production towards nameplate capacity of 420 thousand tonnes is expected to complete in early 2016. The modernised smelter will substantially increase output and lower production costs and emissions.
(All currency figures in this report are US dollars, and comments refer to Rio Tinto’s share of production, unless otherwise stated. To allow production numbers to be compared on a like-for-like basis, production from asset divestments completed in 2014 have been excluded from Rio Tinto share of production data but assets sold in 2015 remain in comparisons.)
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Fresh selling seen in Aluminium, open interest up 6.24%
Next articleCentury Aluminum sets date for second quarter 2015 earnings announcement
Grow with
AL Circle
