eries and/or shipping facilities in China, France, Malaysia, the Netherlands, Spain, and the U.S., together with the Jadar lithium-borate project (100 per cent) in Serbia. DSL: DSL (68 per cent), a solar salt exporter, produces industrial salt by solar evaporation of seawater at Dampier and Port Hedland, and from underground brine at Lake MacLeod, all in Western Australia. Salt is sold principally to base chemical industry markets in Asia. Uranium: The company’s Uranium business comprises Energy Resources of Australia Ltd (68.4 per cent), which operates the Ranger Mine in the Northern Territory of Australia and Rössing Uranium Limited (68.6 per cent) in Namibia, together with the Roughrider project (100 per cent), a uranium exploration site located in north-east Saskatchewan in Athabasca Basin in Canada. Iron Ore Product Group The company operates an iron ore portfolio, supplying the global seaborne iron ore trade. Products Iron ore: Iron ore is the primary ingredient in the production of steel. The company’s iron ore mines are located in Australia and Canada. The company operates an iron ore portfolio, with major operations and projects spanning four continents. This includes operations in the Pilbara region of Western Australia and in Canada, and projects in Guinea and India. In the Pilbara region of Western Australia, the company operates an integrated portfolio of iron ore assets. This system comprises 15 mines, 4 independent port terminals, approximately 1,700 km of privately-owned heavy freight railway in Australia, and supporting infrastructure, all linked by the Operations Centre in Perth. Iron Ore Company of Canada (58.7 per cent) operates a mine, concentrator and pelletising plant in the Canadian province of Newfoundland and Labrador, together with port facilities in Sept-Îles, Quebec. Rio Tinto Marine delivers shipping services to Rio Tinto plc and the company, including iron ore. Strategy The company’s strategy is to invest in and operate long-life, expandable operations in the most attractive industry sectors. Dispositions In April 2015, Turquoise Hill Resources Ltd, a 50.8 per cent owned subsidiary of the company, completed the block sale of 48.7 million common shares in SouthGobi Resources Ltd and with further divestments has reduced its interest to below 20 per cent. As of December 31, 2015, Turquoise Hill Resources Ltd’s interest in SouthGobi Resources Ltd is no longer consolidated as a subsidiary. In June 2015, the company disposed of its 77.8 per cent interest in Murowa Diamonds and 50 per cent interest in Sengwa Colliery Ltd to RZ Murowa Holdings Limited. The company completed the sale of its ancillary business, ECL, to Fives in July 2015; and the sale of its ancillary business, Alesa, to Groupe Reel on 24 November 2015. In March 2016, the company completed the sale of its 40 per cent interest in the Bengalla thermal coal joint venture in Australia. Research and Development The company’s research and development costs were US$104 million. Significant Events In April 2015, Rio Tinto and Sinosteel Corporation have extended their historic Channar Mining Joint Venture in Australia's Pilbara region. The Channar joint venture extension, together with a separate agreement for Rio Tinto to supply iron ore from the Pilbara, would enable sales of up to 70 million tonnes of iron ore to Sinosteel Corporation over the next five years. In June 2016, Savannah Resources Plc announced that Rio Tinto and Savannah have agreed to extend the long stop date for fulfillment of the conditions precedent of the joint venture (announced on June 22, 2015) from June 30, 2016 until September 30, 2016 to enable further time to fulfil the applicable approval processes. History Rio Tinto plc was founded in 1873. The company was incorporated in 1962.
rio tinto plc-spon adr (RIO:New York)
6 St James’s Square
London, SW1Y 4AD
Phone: 44 20 7781 2000
Fax: 44 20 7781 1800www.riotinto.com
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