Rio Tinto releases first quarter production results

April 16, 2020 6:29 PM

MELBOURNE, Australia--(BUSINESS WIRE)-- Rio Tinto Chief Executive J-S Jacques said “In these uncertain and unprecedented times we continue to deliver products to our customers with our first priority to protect the health and safety of all our employees and communities. We are focused on maintaining a business as usual approach and have taken extensive measures to ensure we can do so safely.

“All of our assets continue to operate and we achieved a very robust production performance in the first quarter. Our world-class portfolio and strong balance sheet serve us well in all market conditions and are particularly valuable in the current volatile environment. Our resilience and value over volume strategy mean we can continue to invest in our business, and support our communities and host governments.”

Production*

Q1 2020

vs Q1 2019

vs Q4 2019

Pilbara iron ore shipments (100% basis)

Mt

72.9

+5%

-16%

Pilbara iron ore production (100% basis)

Mt

77.8

+2%

-7%

Bauxite

Mt

13.8

+8%

-9%

Aluminium

kt

783

-2%

0%

Mined copper

kt

133.0

-8%

-4%

Titanium dioxide slag

kt

293

-1%

+3%

IOC iron ore pellets and concentrate

Mt

2.6

+3%

0%

*Rio Tinto share unless otherwise stated

Q1 Operational update

Covid-19

Our markets

Demand in China continues to recover. In the rest of the world, the outlook is more uncertain. Commodity supply is being disrupted as Covid-19 restrictions impact supply chains and people movement globally.

Our assets

We have introduced measures to combat the spread and impacts of Covid-19, to ensure we keep our employees and communities safe, and our operations running. We are working closely with governments around the world to ensure our operations continue to contribute to society during this challenging time. Our assets are operating with some Covid-19 restrictions in place to comply with government directives. Full details of initiatives taken to date can be found on our website: www.riotinto.com/news/releases. Specifically, we have implemented the following actions:

Workforce

Operations

Products

The full first quarter production results are available here

This announcement is authorised for release to the market by Rio Tinto’s Group Company Secretary.

LEI: 213800YOEO5OQ72G2R82

Classification: 3.1 Additional regulated information required to be disclosed under the laws of a Member State

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Source: Rio Tinto

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