rio tinto plc-spon adr (RIO) Key Developments
Rio Tinto plc Reports Production Results for the First Quarter of 2015; Provides Production Guidance for the Year 2015
Apr 21 15
Rio Tinto plc reported production results for the first quarter of 2015. For the period, the company reported global iron ore production of 74.7 million tonnes, 12% increase year on year. Record first quarter bauxite production was 10,484 kt, 4% higher than the first quarter of 2014, primarily due to a strong performance at Weipa. Aluminium production in the first quarter was 809 kt, in line with the same period of 2014, despite the partial shutdown at Kitimat, which continues to prepare for first hot metal at the modernised smelter by mid-2015. Mined copper production was 144.1 kt, 12% higher than the fourth quarter of 2014, driven by higher throughput at Kennecott and Escondida. Lower grades at Kennecott were the primary driver of the 9% decline compared with the first quarter of 2014. Hard coking coal production was 2,002 kt. Semi-soft and thermal coal production was 5,660 kt. Higher first quarter coal production was, primarily driven by improved production rates at Kestrel South following the longwall ramp-up, increased semi-soft production at Mount Thorley and Warkworth and higher thermal production at Hail Creek. Titanium dioxide production was 322 kt, 17% lower than in the first quarter of 2014 as production continued to be optimised to align with market demand.
The company expects 2015 global shipments approaching 350 million tonnes (100% basis) from its operations in Australia and Canada. As part of the ongoing efficiency programme inventory draw-down will be used throughout the year to maximise cash flows. Shipments and production are each subject to weather conditions. Rio Tinto's share of production remains unchanged and is expected to be 43 million tonnes of bauxite, 8 million tonnes of alumina and 3.3 million tonnes of aluminium. In 2015, Rio Tinto expects its share of mined copper production to be between 500,000 and 535,000 tonnes and refined copper production to be between 190,000 and 220,000 tonnes. The production is expected to be 18 to 19 million tonnes of thermal coal, 3 to 3.4 million tonnes of semi-soft coking coal and 7.1 to 8.1 million tonnes of hard coking coal.
Rio Tinto plc - Shareholder/Analyst Call
Mar 20 15
Annual General Meeting
Rio Tinto plc Presents at Barclays Select Series 2015 Metals & Materials Cross Asset Forum, Mar-23-2015
Mar 20 15
Rio Tinto plc Presents at Barclays Select Series 2015 Metals & Materials Cross Asset Forum, Mar-23-2015 . Venue: 745 Seventh Avenue, New York, NY 10019, United States.
Rio Tinto Launches New Jewelry Designs in the US
Mar 13 15
Rio Tinto has previewed in New York it's latest range of Argyle diamond jewelry designs for the US market. Rio Tinto is working with four US jewelry designers - Jennifer Dawes, Suzanne Kalan, Matthew Campbell Laurenza and Sandy Leong - who have translated the latest design trends into compelling jewellery collections for the US consumer.
Rio Tinto May Divest Assets
Mar 1 15
Rio Tinto plc (LSE:RIO) is letting go its energy chief and rolling its coal and uranium businesses into two other units, a move that could signal its intention to divest its coal assets.