Rio Tinto Chief Executive Mr Jakob Stausholm said “Delivering the full potential of our assets remains a priority: production improved versus the prior quarter across most of our sites, particularly where we have implemented the Rio Tinto Safe Production System. We progressed our excel in development objective, commissioning some major projects and advancing the next tranche of Pilbara mines, agreeing to enter a joint venture with Baowu to develop Western Range and modernising the joint venture covering the Rhodes Ridge project in the East Pilbara, unlocking a pathway to develop this significant, high quality resource. We also approved growth capital for underground mining at Kennecott, early works funding at Rincon Lithium and continue to progress Oyu Tolgoi. Our proposal to take Turquoise Hill Resources private has unanimous support of the Turquoise Hill Board who have recommended shareholders vote in favour of the transaction. He added “We continue to deliver our strategy with decarbonisation at its centre. Last week we announced a partnership with the Government of Canada to invest up to CAD 737 million over eight years to decarbonise our Rio Tinto Fer et Titane operations in Québec, and to position the business as a centre of excellence for critical minerals processing.” Uly-September 2022 QuarterPilbara iron ore shipments (100% basis) - 82.9 million tonne, down 1% YoYPilbara iron ore production (100% basis) - 84.3 million tonne, up 1% YoYBauxite - 13.7 million tonne, down 2% YoYAluminium - 759 KT, down 2% YoYMined copper - 138 KT, up 10% YoYTitanium dioxide slag – 310 KT, up 48% YoYIOC iron ore pellets and concentrate - 2.8 million tonne, up 28% YoY
Rio Tinto Chief Executive Mr Jakob Stausholm said “Delivering the full potential of our assets remains a priority: production improved versus the prior quarter across most of our sites, particularly where we have implemented the Rio Tinto Safe Production System. We progressed our excel in development objective, commissioning some major projects and advancing the next tranche of Pilbara mines, agreeing to enter a joint venture with Baowu to develop Western Range and modernising the joint venture covering the Rhodes Ridge project in the East Pilbara, unlocking a pathway to develop this significant, high quality resource. We also approved growth capital for underground mining at Kennecott, early works funding at Rincon Lithium and continue to progress Oyu Tolgoi. Our proposal to take Turquoise Hill Resources private has unanimous support of the Turquoise Hill Board who have recommended shareholders vote in favour of the transaction. He added “We continue to deliver our strategy with decarbonisation at its centre. Last week we announced a partnership with the Government of Canada to invest up to CAD 737 million over eight years to decarbonise our Rio Tinto Fer et Titane operations in Québec, and to position the business as a centre of excellence for critical minerals processing.” Uly-September 2022 QuarterPilbara iron ore shipments (100% basis) - 82.9 million tonne, down 1% YoYPilbara iron ore production (100% basis) - 84.3 million tonne, up 1% YoYBauxite - 13.7 million tonne, down 2% YoYAluminium - 759 KT, down 2% YoYMined copper - 138 KT, up 10% YoYTitanium dioxide slag – 310 KT, up 48% YoYIOC iron ore pellets and concentrate - 2.8 million tonne, up 28% YoY
