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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2008
Commission file number: 001-10533
Commission file number: 000-20122
Rio Tinto plc
Rio Tinto Limited
(Translation of registrant’s name into English)
(Translation of registrant’s name into English)
5 Aldermanbury Square,
London, EC2V 7HR, United Kingdom
(Address of principal executive offices)
Level 33, 120 Collins Street
Melbourne, Victoria 3000, Australia
(Address of principal executive offices)
ABN 96 004 458 404
Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F:
Form 20-F  Form 40-F 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1): 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7): 
Indicate by check mark whether the registrant by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes  No 
If “Yes” is marked, indicate below the file number assigned to the registrant in connection
with Rule 12g3-2(b): 82-
TABLE OF CONTENTS
EXHIBITS
SIGNATURES
EXHIBIT 99.1
EXHIBIT 99.2
EXHIBIT 99.3
EXHIBIT 99.4
EXHIBIT 99.5
EXHIBIT 99.6
EXHIBIT 99.7
EXHIBIT 99.8
EXHIBIT 99.9
EXHIBIT 99.10
Table of Contents
EXHIBITS
99.1
1 April 2008
Announcement of SEC filing:
2007 Form 20-F
99.2
7 April 2008
Capital project:
Rio Tinto Alcan accelerates study of Alma smelter expansion project
99.3
16 April 2008 Quarterly operations review:
First quarter 2008 operations review
99.4
16 April 2008 Capital disposal:
Rio Tinto completes sale of Greens Creek Mine interest
99.5
17 April 2008 Rio Tinto plc AGM:
Rio Tinto plc AGM 17 April 2008
99.6
17 April 2008 Rio Tinto plc AGM:
Presentation slides
99.7
17 April 2008 Rio Tinto plc AGM voting:
Rio Tinto plc results of voting at 2008 annual general meeting
99.8
18 April 2008 Capital project:
Rio Tinto welcomes High Court decision on Shovelanna lease
99.9
24 April 2008 Rio Tinto Limited AGM:
Rio Tinto Limited AGM 24 April 2008
99.10
24 April 2008 Rio Tinto Limited AGM voting:
Results of Voting at 2008 Annual General Meetings of Rio Tinto plc and Rio Tinto Limited
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by
the undersigned, thereunto duly authorised.
Rio Tinto plc
(Registrant)
Rio Tinto Limited
(Registrant)
By
Name
By
Name
/s/ Ben Mathews
Title
Ben Mathews
Secretary
Date
16 May 2008
/s/ Ben Mathews
Title
Ben Mathews
Assistant Secretary
Date
16 May 2008
Exhibit 99.1
Rio Tinto plc
5 Aldermanbury Square
London EC2V 7HR
United Kingdom
T +44 (0) 20 7781 2000
F +44 (0) 20 7781 1800
Press release
2007 Form 20-F
1 April 2008
Rio Tinto yesterday filed its 2007 Annual report on Form 20-F with the SEC and today posted it to its web site at
http://www.riotinto.com/investors/ADRs.asp .
Shareholders may obtain a hard copy of the 2007 Annual report and the 2007 Full financial statements free of charge on request
from the company secretaries, whose contact details are as follows:
The Company Secretary
Rio Tinto plc
5 Aldermanbury Square
London EC2V 7HR
United Kingdom
The Company Secretary
Rio Tinto Limited
120 Collins Street
Melbourne, 3000
Australia
Exhibit 99.2
Rio Tinto plc
5 Aldermanbury Square
London EC2V 7HR
United Kingdom
T +44 (0) 20 7781 2000
F +44 (0) 20 7781 1800
Press release
Rio Tinto Alcan accelerates study of Alma smelter expansion project – the next step in US$2 billion Quebec investment
program
7 April 2008
Speaking today at a Canadian Club luncheon in Montreal, Quebec, Tom Albanese, chief executive of Rio Tinto, announced that
Rio Tinto Alcan will proceed, on an accelerated basis, with a pre-feasibility study for an expansion of the Alma smelter in the
Saguenay– Lac-Saint-Jean region of Quebec. The potential expansion would add approximately 170,000 tonnes to the current
Alma smelter production of slightly more than 400,000 tonnes.
“I am very pleased to announce another positive step along the way in our ten year, US$2 billion Quebec investment program,”
said Mr. Albanese. “Rio Tinto intends to follow Alcan’s lead as a champion of Canada and Quebec and build upon its positive
economic and social legacy by continuing with investments that will create value and opportunity.”
Alma is one of Rio Tinto Alcan’s most modern and efficient smelters. The expanded smelter would have a capacity of
approximately 570,000 tonnes and be one of the largest in North America. The study will evaluate the cost, timetable and
conditions for completing the expansion, which is part of Rio Tinto Alcan’s Quebec investment program announced in
December 2006.
“Our objective is to complete the various feasibility studies on an accelerated basis,” said Jacynthe Côté, president and chief
executive officer of the Rio Tinto Alcan Primary Metal business unit. “This is another important part of our investment strategy and
a further demonstration of our ongoing commitment to the development of the Saguenay–Lac- Saint-Jean region.”
AP50 pilot plant
In addition to the proposed Alma expansion, Rio Tinto Alcan’s Quebec investment program includes the construction, with options
for future expansion, of an AP50 pilot plant using the new generation of AP technology and powered exclusively by clean,
renewable hydroelectricity. The pilot plant will serve as the platform for future development of the AP50 technology.
Continues
Page 2 of 4
Shipshaw power station
The program also includes a recently announced US$130 million investment to construct a new 225-megawatt high-efficiency
turbine at the Shipshaw power station. The new turbine will facilitate the more efficient use of water resources. The station is a key
component of Rio Tinto Alcan’s extensive hydroelectric network, which has a total installed capacity of 2,687 megawatts in
Quebec. The project is expected to be submitted to the Rio Tinto Board of Directors for final approval in the fourth quarter of 2008.
Spent potlining treatment pilot plant
Other investments in Quebec include US$225 million for the recently completed construction of a spent potlining treatment pilot
plant. Pre-operational checks and precommissioning are underway at the facility, which will come on-line and begin ramping up
this month, in keeping with the initial timetable.
Community Investment
Rio Tinto Alcan will maintain its significant community commitments by creating a foundation to be endowed with CDN$200 million
over five years. This will ensure the continuation of significant activities such as the recently announced CDN$4 million
contribution towards the building of the new Rio Tinto Alcan Planetarium; the CDN$1 million donation to the Montreal Neurological
Institute; donations totalling CDN$650,000 to the Chicoutimi and Alma hospital foundations, in the Saguenay–Lac-Saint-Jean
region, along with numerous other engagements in Quebec.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed
company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds,
energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but
are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern
Africa.
Continues
Page 3 of 4
Forward-Looking Statements
This announcement includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of
historical facts included in this announcement, including, without limitation, those regarding Rio Tinto’s financial position, business
strategy, plans and objectives of management for future operations (including development plans and objectives relating to Rio
Tinto’s products and production forecasts), are forward-looking statements. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Rio Tinto, or
industry results, to be materially different from any future results, performance or achievements expressed or implied by such
forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Rio Tinto’s present and future business
strategies and the environment in which Rio Tinto will operate in the future. Among the important factors that could cause Rio
Tinto’s actual results, performance or achievements to differ materially from those in the forwardlooking statements include,
among others, levels of actual production during any period, levels of demand and market prices, the ability to produce and
transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, operational
problems, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by
governmental authorities such as changes in taxation or regulation and such other risk factors identified in Rio Tinto’s most recent
Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “ SEC ”) or Form 6-Ks
furnished to the SEC. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance
should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this
announcement. Rio Tinto expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code
on Takeovers and Mergers (the “ Takeover Code ”), the UK Listing Rules, the Disclosure and Transparency Rules of the
Financial Services Authority and the Listing Rules of the Australian Securities Exchange) to release publicly any updates or
revisions to any forward-looking statement contained herein to reflect any change in Rio Tinto’s expectations with regard thereto
or any change in events, conditions or circumstances on which any such statement is based.
Nothing in this announcement should be interpreted to mean that future earnings per share of Rio Tinto plc or Rio Tinto Limited
will necessarily match or exceed its historical published earnings per share.
Subject to the requirements of the Takeover Code, none of Rio Tinto, any of its officers or any person named in this
announcement with their consent or any person involved in the preparation of this announcement makes any representation or
warranty (either express or implied) or gives any assurance that the implied values, anticipated results, performance or
achievements expressed or implied in forward-looking statements contained in this announcement will be achieved.
Continues
Page 4 of 4
For further information, please contact:
Media Relations, London
Christina Mills
Office: +44 (0) 20 7781 1154
Mobile: +44 (0) 7825 275 605
Media Relations, Australia
Ian Head
Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 408 360 101
Nick Cobban
Office: +44 (0) 20 7781 1138
Mobile: +44 (0) 7920 041 003
Amanda Buckley
Office: +61 (0) 3 9283 3627
Mobile: +61 (0) 419 801 349
Rio Tinto Alcan Media Relations,
Canada
Stefano Bertolli
Tel.: +1 514 848 8151
Rio Tinto Alcan Media Relations, Saguenay
Claudine Gagnon
Tel.: +1 418 699 4005
Media Relations, US
Nancy Ives
Mobile: +1 619 540 3751
Investor Relations, London
Nigel Jones
Office: +44 (0) 20 7753 2401
Mobile: +44 (0) 7917 227 365
Investor Relations, Australia
Dave Skinner
Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 408 335 309
David Ovington
Office: +44 (0) 20 7753 2326
Mobile: +44 (0) 7920 010 978
Simon Ellinor
Office:+ 61 (0) 7 3867 1068
Mobile: +61 (0) 439 102 811
Investor Relations, North America
Jason Combes
Office: +1 (0) 801 685 4535
Mobile: +1 (0) 801 558 2645
Email: [email protected]
Websites: www.riotinto.com www.riotinto.com/riotintoalcan
Exhibit 99.3
Rio Tinto plc
5 Aldermanbury Square
London EC2V 7HR
United Kingdom
T +44 (0) 20 7781 2000
F +44 (0) 20 7781 1800
Press release
First quarter 2008 operations review
16 April 2008
Commenting on the first quarter’s production results, chief executive Tom Albanese said: “Our expansion drive continues to pay
off with a record-breaking first quarter for the iron ore and aluminium product groups. Markets remain very strong and the prices of
many of our products are at record highs, bearing out our view that the US slowdown will have little effect on global metal and
mineral supply and demand balances.
“The integration of the Alcan acquisition is going well, and our investment assumptions for this business are already being
exceeded. This year we expect to invest at record levels across the group in bringing new production onstream, so we can
continue to benefit from economies undergoing rapid, metals intensive phases of development.”
•
Record first quarter global production of iron ore, up 16 per cent on the first quarter of 2007.
•
Record first quarter iron ore production of 43 million tonnes in the Pilbara, Western Australia, up 15 per cent (100 per cent
basis) compared with the first quarter of 2007 as the iron ore operations deliver their rapid expansion programme.
•
Strong contribution from Rio Tinto Alcan in the quarter, with a significant uplift in production compared to the first quarter of
2007. Bauxite increased by 106 per cent, alumina by 236 per cent and aluminium by 386 per cent, following a good
performance from the Canadian smelters.
•
On a proforma basis the respective increases for bauxite, alumina and aluminium were 20 per cent, ten per cent and two per
cent.
•
Mined copper production declined by six per cent compared with the first quarter of 2007, primarily reflecting lower grades at
Kennecott Utah Copper and Northparkes.
•
Australian thermal and coking coal production was affected by heavy rains, notably in Queensland where the coal industry
generally suffered production and logistics disruption.
•
Uranium production was 20 per cent higher than the 2007 comparative period.
•
During the quarter Rio Tinto reached agreement on the first two sales under its planned programme to divest around
$10 billion of assets in 2008. The sale of the Greens Creek silver, lead and zinc mine in Alaska for $750 million was
announced and the sale of the Cortez gold mine in Nevada was completed for $1.695 billion. In addition, Rio Tinto will benefit
from a deferred bonus payment in the event of a significant discovery of additional reserves and resources at the Cortez gold
mine and will also retain a contingent royalty interest in future production. Funds from these sales will be used to pay down part
of the debt raised to finance the Alcan acquisition.
Cont.../
Continues
Page 2 of 22
This quarterly report is published instead of any Interim Management Statement, in accordance with the requirements of rules
4.3.2 and 4.3.6 of the Disclosure and Transparency Rules.
All currency figures in this report are US dollars unless otherwise stated
IRON ORE
Rio Tinto share of production (000 tonnes)
Q1 08
Hamersley
Hope Downs
Robe River
IOC (pellets and concentrate)
27,016
538
7,189
2,119
vs Q1 07
+13 %
—
+11 %
+50 %
vs Q4 07
-6 %
+1587 %
-5 %
-6 %
Conditions in the iron ore market remain extremely tight with demand continuing to grow strongly. Rio Tinto continued to negotiate
with customers to establish the 2008 iron ore benchmark prices and obtain a freight premium, reflecting its proximity to major
customers in Asia.
During the first quarter Rio Tinto was actively selling iron ore into the spot market, as foreshadowed in its announcement of 18
December 2007.
Production and rail tonnages both increased steadily during the quarter, helped by infrastructure debottlenecking and associated
scheduling. Expanded rail yard capacity and the introduction of 40 new generation locos and new rolling stock will deliver
increasing benefits during the year.
Expansion projects continued to make strong progress, with the capacity upgrade of the Cape Lambert port from 55 million tonnes
to 80 million tonnes per annum proceeding on track, despite challenging conditions from tropical cyclones. The feasibility study
into increasing annual capacity in the Pilbara to 320 million tonnes is advancing according to plan.
Hamersley, Hope Downs and Robe River
Production from the Pilbara operations was severely affected by cyclonic activity during the quarter. In addition, a serious failure of
gas supply in January led to immediate power shortages throughout Western Australia, which curtailed production and rail
operations for several days. Despite these adverse conditions, record first quarter production and sales were achieved. Production
for the quarter would have been in line with the fourth quarter 2007, but for these conditions.
Hamersley’s record first quarter production was up 13 per cent on the corresponding quarter of 2007, following the ramp up of the
Yandicoogina capacity expansion to 52 million tonnes per annum, and the brownfield expansions at Nammuldi and Tom Price in
the West Pilbara.
The Hope Downs mine produced over one million tonnes during the quarter (on a 100 per cent basis) as it started to ramp up
towards its 30 million tonnes per annum capacity by early 2009.
Robe River first quarter production was 11 per cent up on the previous corresponding period, reflecting improved production at
Mesa J and West Angelas.
Cont.../
Continues
Page 3 of 22
HIsmelt
HIsmelt has recorded limited production so far this year (18,073 tonnes) due to downtime for required maintenance. The
opportunity to conduct trials has yielded strong signs that benefits from improvements will be realised, particularly to increase time
in operation.
Strong interest in the HIsmelt technology has been sustained and licence negotiations with several steelmakers are progressing.
Iron Ore Company of Canada
Strong production of pellets and concentrates at the Iron Ore Company of Canada reflected record mine performance for a first
quarter and debottlenecking efforts at the plant, as well as the absence of labour stoppages in 2007.
In March, Rio Tinto approved a US$475 million project to increase the Iron Ore Company of Canada’s annual production of
concentrate to 22 million tonnes. The investment is the first phase of an expansion programme that may see production increase
50 per cent by 2011.
ALUMINIUM
Rio Tinto share of production (000 tonnes)
Q1 08
Rio Tinto Alcan
Bauxite
Alumina
Aluminium
vs Q1 07
8,798
2,220
1,025
Q1 08
vs Q4 07
+106 %
+236 %
+386 %
Q1 07
+13 %
+20 %
+23 %
vs Q1 07
proforma
Rio Tinto Alcan
Bauxite
Alumina
Aluminium
1
8,798
2,220
1,025
7,350
2,017
1,004 2
proforma 1
+20 %
+10 %
+2 %
1 Includes Alcan data from 1 January 2007.
2 Excludes Vlissingen smelter (Netherlands,) which was divested in the first half of 2007.
Production records were set across the board in the Aluminium product group. First quarter production of bauxite, alumina and
aluminium increased sharply compared with the same quarter of 2007 following the Alcan acquisition. Rio Tinto acquired the
operating assets of Alcan with effect from 24 October 2007 and its production is included from that date. Proforma Rio Tinto Alcan
production data for 2007 was published on 12 March 2008 and can be found on the Rio Tinto website at
www.riotinto.com/media/5157_7363.asp
Bauxite
First quarter bauxite production was 106 per cent higher than the first quarter of 2007 and 20 per cent higher on a proforma basis.
First quarter bauxite production at Weipa was 17 per cent above the same quarter of 2007, reflecting increased capacity following
the commissioning of the second shiploader.
Alumina
First quarter alumina production was 236 per cent higher than the first quarter of 2007 and ten per cent higher on a proforma
basis. The Yarwun alumina refinery operated consistently at its rated capacity of 1.4 million tonnes per annum, increasing
production by 17 per cent when compared with the first quarter of 2007 when maintenance shutdowns occurred.
Cont.../
Continues
Page 4 of 22
Expansion work on the Yarwun alumina refinery is progressing on budget and on track for its first shipment of alumina in the
second half of 2010. The US$1.8 billion project, announced in July 2007, will more than double annual production of the refinery,
taking output from 1.4 million tonnes to 3.4 million tonnes by 2011.
Construction of the 1.8 million tonne per annum expansion of the Gove refinery is nearing completion. Production during the first
quarter of 2008 reflected stabilisation of the newly commissioned plant. Full capacity is anticipated to be achieved during 2009.
Aluminium
First quarter aluminium production was 386 per cent higher than the first quarter of 2007 and two per cent higher on a like for like
basis. All the Rio Tinto Alcan smelters operated well throughout the quarter with the Canadian smelters raising production by four
per cent compared with the proforma first quarter 2007 levels.
COPPER
Rio Tinto share of production
Q1 08
Kennecott Utah Copper
Mined copper (000 tonnes)
Refined copper (000 tonnes)
Molybdenum (000 tonnes)
Mined gold (000 ozs)
Refined gold (000 ozs)
Escondida
Mined copper (000 tonnes)
Refined copper (000 tonnes)
Grasberg JV
Mined copper (000 tonnes)
Mined gold (000 ozs)
vs Q1 07
vs Q4 07
44.7
52.1
3.4
69
81
-17 %
-25 %
-27 %
-36 %
-30 %
-16 %
-12 %
+15 %
-24 %
-39 %
117.2
15.7
+5 %
-21 %
+13 %
-1 %
6.9
0
+20 %
-100 %
-26 %
-100 %
Kennecott Utah Copper
With the exception of molybdenum, metals’ head grades for the first quarter of 2008 were lower than those of the fourth quarter of
2007 and all metal head grades were lower than the first quarter of 2007. In addition, the processing of harder ore decreased
throughput and increased maintenance at the concentrator.
Grades at Bingham Canyon are expected to remain relatively low during the first half of 2008 but are anticipated to return to more
normal levels during the second half.
Production decreases at the smelter and refinery, from 2007 to 2008, are attributable to lower head grades and concentrate
production, resulting in the depletion of concentrate inventory in late 2007. A 26 day refinery shutdown is scheduled for July 2008
and an 11 day smelter maintenance shutdown is scheduled for August 2008.
Escondida
Mined copper for the quarter improved by five per cent compared with the corresponding period of 2007, attributable to higher
copper grades for the leachate material. Refined copper production in the first quarter of 2008 was 21 per cent lower than the prior
year due to low oxide leach production.
Grasberg
Lower copper and gold grades were a major factor in lowering Rio Tinto’s share of copper production and reducing its share of
gold production to nil in the first quarter of 2008, compared with the fourth quarter of 2007.
Cont.../
Continues
Page 5 of 22
Mining is expected to continue in a relatively low-grade section of the Grasberg open pit in the first half of 2008 and a higher-grade
section in the second half of 2008. Gold and silver volumes for 2008 are expected to be below the metal strip in 2008.
Other operations
Lower copper and gold production at Northparkes was due to the treatment of lower grade open cut stockpile material. Grade is
expected to increase as the underground production from E26 Lift 2 North ramps up to full production, displacing the lower grade
open cut material. Northparkes production for 2008 is expected to be more than 40 per cent below 2007.
DIAMONDS
Rio Tinto share of production (000 carats)
Q1 08
Argyle
Diavik
2,172
1,071
Q1
vs
07
Q4
-37 %
-31 %
vs
07
-64 %
-39 %
Production at Argyle in the first quarter of 2008 was adversely affected by wet weather and a slip in the main pit access ramp that
together restricted access to high grade ore zones. Pit access has been re-established and production is expected to improve as
the wet season comes to an end. Variability in feed grades and production rates will continue as the open-pit approaches the end
of its life and the mine transitions to an underground operation.
At Diavik, the quantities of ore processed and carats recovered in the first quarter of 2008 were 31 per cent lower than 2007.
Extreme cold temperatures experienced between January and the first half of March negatively impacted equipment reliability
resulting in lower ore recovered and processed. A decrease in grade which commenced in the fourth quarter of 2007 continued
throughout the first quarter of 2008.
ENERGY
US thermal coal
Rio Tinto share of production (000 tonnes)
Rio Tinto Energy America
Q1 08
vs Q1 07
vs Q4 07
30,632
+1%
-8%
First quarter production was lower than the preceding quarter, but rose slightly above the same quarter of 2007, as expansion
projects at the Spring Creek and Antelope mines neared completion, offsetting lower production at Jacobs Ranch and Colowyo.
Australian coal
Rio Tinto share of production (000 tonnes)
Q1 08
Rio Tinto Coal Australia
Hard coking coal
Other coal
1,043
5,711
vs Q1 07
vs Q4 07
-27 %
-19 %
-32 %
+1 %
Central Queensland coal operations suffered from the heavy rains during the quarter, and the consequent flooding disrupted
production and transportation, particularly at Hail
Cont.../
Continues
Page 6 of 22
Creek. Shipping opportunities were maximised at Blair Athol, which was not directly affected by the Queensland floods, with an
eight per cent increase in production. Overall, the Rio Tinto coal operations in Queensland were able to maximise opportunities
from the recent floods by buying and swapping rail and port allotments from other, worse impacted producers.
In New South Wales, reduced port throughput from coal chain infrastructure limitations continued to restrict output from Rio Tinto
subsidiary Coal & Allied’s mines.
An investment programme by the owners and operators of the coal ports at Newcastle and Dalrymple Bay on the eastern
seaboard of Australia is expected to increase capacity in the second half of 2008 and into 2009.
Rio Tinto sold its 100 per cent share in the Tarong Coal mine in Queensland with an effective date of 31 January 2008 and
production data are shown up to that date.
Uranium
Rio Tinto share of production (000 lbs)
Q1 08
Energy Resources of Australia
Rössing
2,011
1,335
vs Q1 07
+33 %
+3 %
vs Q4 07
-12 %
+10 %
First quarter 2008 production at ERA’s Ranger mine was 33 per cent higher than the comparative quarter of 2007 when
exceptionally high rainfall was experienced. This rainfall event also impacted 2007 throughput, and ERA entered the 2008 wet
season with lower than normal high grade stockpiles. This gave rise to a 12 per cent reduction in production in the first quarter of
2008 compared with the fourth quarter of 2007.
Higher grades at Rössing led to a three per cent improvement in production in the first quarter of 2008 compared with the same
quarter of 2007.
MINERALS
Rio Tinto share of production (000 tonnes)
Q1 08
Borates
Titanium dioxide feedstocks
153
356
vs Q1 07
vs Q4 07
+18 %
+1 %
+1 %
-7 %
First quarter borates production rose by 18 percent compared with the same quarter of 2007, driven by strong demand in Asia
Pacific and Europe.
EXPLORATION AND EVALUATION
Pre-tax expenditure on exploration and evaluation charged to the profit and loss account in the first quarter of 2008 was
$159 million compared with $72 million in same period of 2007.
Pre-feasibility or feasibility work progressed on a number of important projects including Resolution (copper/gold, US), La Granja
(copper, Peru), Eagle (nickel/copper, US), Potasio Rio Colorado (potash, Argentina), Simandou (iron ore, Guinea) and several
Pilbara iron ore deposits.
Cont.../
Continues
Page 7 of 22
A summary of activity for the period is as follows:
Product Group
Advanced projects
Aluminium
Greenfield programmes
Brazil, Colombia, Australia
Copper and Diamonds
Sulawesi nickel, Indonesia:
Contract of Work
negotiations progressing
Lakeview nickel-copper,
US: Order of magnitude
study initiated
Bunder diamonds, India:
Order of magnitude study
continued
Chile: two joint ventures signed with CODELCO
Copper and Nickel programmes continued in: Russia
(Rio Nor JV), Kazakhstan, US, Mexico, Peru,
Argentina, southern and central Africa;
Diamond programmes continued in: India, Canada,
Russia and Mauritania Remaining interest in Corani,
Peru was divested.
Energy & Minerals
Huren Gol coal, Mongolia
and Landazuri coal,
Colombia: coal measures
intersected in drilling;
Chilubane and Mutamba
ilmenite Mozambique; Jadar
lithium borates, Serbia:
order of magnitude studies
continued
Colombia, Canada, US, southern Africa, Argentina,
Russia and Mongolia (coal)
Australia, Canada, Turkey, Serbia (industrial minerals)
Zambia (Uranium)
Iron Ore
Pilbara, Australia:
delineation
drilling continued
at several advanced
prospects
Brazil, Argentina, Guinea, and Gabon
Mine-lease exploration continued at a number of Rio Tinto businesses including Kennecott Utah Copper, Northparkes, Rössing,
Argyle, Diavik and Pilbara Iron.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed
public company, and Rio Tinto Limited, which is a public company listed on the Australian Securities Exchange.
Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds,
energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but
are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern
Africa.
Forward-Looking Statements
This announcement includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of
historical facts included in this announcement, including, without limitation, those regarding Rio Tinto’s financial position, business
strategy, plans and objectives of management for future operations (including development plans and objectives relating to Rio
Tinto’s products, production forecasts and reserve and resource positions), are forward-looking statements. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or
Cont.../
Continues
Page 8 of 22
achievements of Rio Tinto, or industry results, to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Rio Tinto’s present and future business
strategies and the environment in which Rio Tinto will operate in the future. Among the important factors that could cause Rio
Tinto’s actual results, performance or achievements to differ materially from those in the forward-looking statements include,
among others, levels of actual production during any period, levels of demand and market prices, the ability to produce and
transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, operational
problems, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by
governmental authorities such as changes in taxation or regulation and such other risk factors identified in Rio Tinto’s most recent
Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “ SEC ”) or Form 6-Ks
furnished to the SEC. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance
should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this
announcement. Rio Tinto expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code
on Takeovers and Mergers (the “ Takeover Code ”), the UK Listing Rules, the Disclosure and Transparency Rules of the
Financial Services Authority and the Listing Rules of the Australian Securities Exchange) to release publicly any updates or
revisions to any forward-looking statement contained herein to reflect any change in Rio Tinto’s expectations with regard thereto
or any change in events, conditions or circumstances on which any such statement is based.
Nothing in this announcement should be interpreted to mean that future earnings per share of Rio Tinto plc or Rio Tinto Limited
will necessarily match or exceed its historical published earnings per share.
Subject to the requirements of the Takeover Code, none of Rio Tinto, any of its officers or any person named in this
announcement with their consent or any person involved in the preparation of this announcement makes any representation or
warranty (either express or implied) or gives any assurance that the implied values, anticipated results, performance or
achievements expressed or implied in forward-looking statements contained in this announcement will be achieved.
Cont.../
Continues
Page 9 of 22
For further information, please contact:
Media Relations, Australia
Amanda Buckley
Office: +61 (0) 3 9283 3627
Mobile: +61 (0) 419 801 349
Ian Head
Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 408 360 101
Media Relations, London
Christina Mills
Office: +44 (0) 20 7781 1154
Mobile: +44 (0) 7825 275 605
Nick Cobban
Office: +44 (0) 20 7781 1138
Mobile: +44 (0) 7920 041 003
Media Relations, Americas
Nancy Ives
Mobile: +1 619 540 3751
Investor Relations, Australia
Dave Skinner
Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 408 335 309
Investor Relations, London
Nigel Jones
Office: +44 (0) 20 7781 2049
Mobile: +44 (0) 7917 227365
Simon Ellinor
Office: +61 (0) 7 3867 1607
Mobile: +61 (0) 439 102 811
David Ovington
Office: +44 (0) 20 7781 2051
Mobile: +44 (0) 7920 010 978
Investor Relations, North America
Jason Combes
Office: +1 (0) 801 685 4535
Mobile: +1 (0) 801 558 2645
Email: [email protected]
Website: www.riotinto.com
High resolution photographs available at: www.newscast.co.uk
Rio Tinto production summary
1Q
2007
2Q
2007
3Q
2007
4Q
2007
1Q
2008
FULL
YEAR
2007
—
—
—
365
—
296
—
—
—
—
362
—
323
—
—
—
—
377
—
301
—
21
405
252
662
29
339
144
21
554
327
756
38
348
176
21
405
252
1,766
29
1,260
144
661
685
679
1,853
2,220
3,877
100 %
59 %
52 %
43.6
80.2
—
44.1
81.6
—
44.7
81.1
—
44.6
82.4
50.2
44.0
81.9
65.7
176.9
325.3
50.2
47 %
—
—
—
8.8
9.4
8.8
100 %
40 %
25 %
—
—
—
—
—
—
—
—
—
270.5
43.5
20.1
360.1
56.9
25.2
270.5
43.5
20.1
50 %
—
—
—
15.5
20.3
15.5
100 %
100 %
—
—
—
—
—
—
79.7
35.0
101.7
46.2
79.7
35.0
79 %
68.7
69.4
70.3
70.3
69.1
278.7
50 %
100 %
51 %
100 %
—
—
18.4
—
—
—
18.7
—
—
—
18.8
—
16.0
41.6
18.8
36.8
21.4
55.3
18.7
48.9
16.0
41.6
74.7
36.8
210.9
213.8
214.9
833.7
1,024.9
1,473.2
—
—
—
—
4,272
—
—
—
—
4,278
—
—
—
—
4,676
173
1,248
985
407
4,984
205
1,770
1,327
491
5,005
173
1,248
985
407
18,209
4,272
4,278
4,676
7,797
8,798
21,022
100 %
129
145
134
151
153
560
82 %
80 %
1,124
314
1,032
601
864
700
1,090
454
663
380
4,110
2,069
1,438
1,633
1,564
1,544
1,043
6,179
Rio Tinto
interest
ALUMINA
Production (‘000 tonnes)
Gardanne (a)
Gove (a)
Jonquiere (a)
Queensland Alumina (a) (b)
Sao Luis (Alumar) (a)
Yarwun
Speciality alumina plants (a)
100 %
100 %
100 %
80 %
10 %
100 %
100 %
Rio Tinto total alumina production
ALUMINIUM (c)
Refined production (‘000 tonnes)
Australia — Bell Bay
Australia — Boyne Island
Australia — Tomago (a)
Cameroon — Alucam (Edea)
(a)
Canada — seven wholly
owned (a)
Canada — Alouette (a)
Canada — Becancour (a)
China — Ningxia
(Qingtongxia) (a)
France — three wholly owned
(a)
Iceland — ISAL (Reykjavik) (a)
New Zealand — Tiwai Point
(a)
Norway — SORAL (Husnes)
(a)
UK — two wholly owned (a)
UK — Anglesey
USA — Sebree (a)
Rio Tinto total aluminium
production
BAUXITE
Production (‘000 tonnes)
Awaso (a) (d)
Sangaredi (a)
Gove (a)
Porto Trombetas (a)
Weipa (f)
80 %
(e )
100 %
12 %
100 %
Rio Tinto total bauxite production
BORATES
Production (‘000 tonnes B 2 O 3 content)
Rio Tinto Minerals — borates
COAL — HARD COKING
Rio Tinto Coal Australia (‘000
tonnes)
Hail Creek Coal
Kestrel Coal
Rio Tinto total hard coking coal
production
COAL — OTHER *
Rio Tinto Coal Australia (‘000 tonnes)
Bengalla
Blair Athol Coal
Hunter Valley Operations
Kestrel Coal
Mount Thorley Operations
Tarong Coal (g)
Warkworth
398
1,667
2,004
151
497
1,736
586
324
1,580
1,818
271
252
1,021
584
422
1,374
1,774
261
396
872
756
417
1,023
2,047
145
625
881
504
319
1,808
2,139
110
432
262
641
1,561
5,645
7,642
828
1,771
4,510
2,430
7,041
5,850
5,855
5,642
5,711
24,388
7,691
1,224
9,060
744
8,537
3,100
7,682
1,342
9,034
784
8,478
2,999
7,601
1,280
8,622
833
8,750
3,938
8,292
1,232
9,996
809
8,801
4,254
7,958
1,001
9,200
740
7,904
3,829
31,267
5,077
36,712
3,170
34,565
14,291
Total US coal
30,357
30,318
31,024
33,384
30,632
125,083
Rio Tinto total other coal
production
37,398
36,169
36,878
39,025
36,342
149,471
30 %
71 %
76 %
80 %
61 %
0%
42 %
Total Australian other coal
Rio Tinto Energy America (‘000
tonnes)
Antelope
Colowyo
Cordero Rojo
Decker
Jacobs Ranch
Spring Creek
100 %
(h )
100 %
50 %
100 %
100 %
Mine production figures for metals refer to the total quantity of metal produced in concentrates or doré bullion irrespective of
whether these products are then refined on-site.
* Coal — other includes thermal coal and semi-soft coking coal.
See footnotes on page 12.
First quarter 2008 operations review
Page 10
Rio Tinto share of production (continued)
1Q
2007
2Q
2007
3Q
2007
4Q
2007
1Q
2008
FULL
YEAR
2007
54.1
111.5
5.8
13.7
13.0
55.6
105.2
5.6
9.9
10.2
49.5
101.2
7.5
5.6
8.7
53.0
103.8
9.4
5.3
9.3
44.7
117.2
6.9
4.1
12.8
212.2
421.6
28.4
34.5
41.2
198.1
186.5
172.5
180.8
185.6
737.9
19.9
69.7
12.0
19.7
67.9
13.2
16.1
68.7
13.8
15.8
59.3
13.8
15.7
52.1
10.5
71.5
265.6
52.9
101.6
100.7
98.7
89.0
78.3
390.0
3,470
1,551
12
4,414
1,975
24
4,865
1,874
31
5,995
1,766
46
2,172
1,071
52
18,744
7,166
113
5,033
6,413
6,770
7,807
3,296
26,023
2
106
45
14
74
11
20
3
3
3
117
61
14
97
11
17
3
3
3
86
53
14
149
13
12
2
3
2
88
55
14
103
12
13
2
3
2
67
29
12
0
11
8
2
2
11
397
215
56
423
48
63
10
11
278
327
335
293
133
1,233
100 %
115
147
128
133
81
523
100 %
460
424
528
365
508
1,777
100 %
60 %
(k)
50 %
59 %
53 %
20,161
1,585
2,166
24,617
1,743
1,670
23,990
1,554
1,562
1,413
6,460
1,730
6,932
2,376
6,381
25,799
1,448
1,535
32
2,248
7,529
23,731
1,484
1,801
538
2,119
7,189
94,567
6,330
6,932
32
7,768
27,301
32,245
37,117
36,390
38,956
37,371
144,707
Rio Tinto
interest
COPPER
Mine production (‘000 tonnes)
Bingham Canyon
Escondida
Grasberg — Joint Venture (i)
Northparkes
Palabora
100 %
30 %
40 %
80 %
58 %
Rio Tinto total mine production
Refined production (‘000 tonnes)
Escondida
Kennecott Utah Copper
Palabora
30 %
100 %
58 %
Rio Tinto total refined production
DIAMONDS
Production (‘000 carats)
Argyle
Diavik
Murowa
100 %
60 %
78 %
Rio Tinto total diamond production
GOLD
Mine production (‘000 ounces)
Barneys Canyon
Bingham Canyon
Cortez/Pipeline (j)
Escondida
Grasberg — Joint Venture (i)
Greens Creek (j)
Northparkes
Rawhide
Others
100 %
100 %
0%
30 %
40 %
70 %
80 %
51 %
—
Rio Tinto total mine production
Refined production (‘000 ounces)
Kennecott Utah Copper
IRON ORE & IRON
Production (‘000 tonnes)
Corumbá
Hamersley — six wholly owned
mines
Hamersley — Channar
Hamersley — Eastern Range
Hope Downs (l)
Iron Ore Company of Canada
Robe River
Rio Tinto total mine production
Pig iron production (‘000 tonnes)
HIsmelt ®
60 %
13
0
29
27
11
69
LEAD
Mine production (‘000 tonnes)
Greens Creek (j)
70 %
2.9
2.8
3.3
3.0
2.8
11.9
MOLYBDENUM
Mine production (‘000 tonnes)
Bingham Canyon
100 %
4.7
3.8
3.5
3.0
3.4
14.9
SALT
Production (‘000 tonnes)
Rio Tinto Minerals — salt (m)
68 %
1,116
958
1,480
1,686
1,257
5,242
SILVER
Mine production (‘000 ounces)
Bingham Canyon
Escondida
Grasberg — Joint Venture (i)
Greens Creek (j)
Others
100 %
30 %
40 %
70 %
—
856
563
0
1,666
187
981
592
114
1,627
166
757
670
210
1,607
127
892
536
154
1,175
121
616
494
0
1,172
74
3,487
2,361
477
6,075
602
3,272
3,480
3,371
2,878
2,356
13,002
870
1,014
1,164
1,317
929
4,365
Rio Tinto total mine production
Refined production (‘000 ounces)
Kennecott Utah Copper
100 %
Mine production figures for metals refer to the total quantity of metal produced in concentrates or doré bullion irrespective of whether these
products are then refined on-site, except for the data for iron ore which represent production of saleable quantities of ore plus pellets.
See footnotes on page 12.
First quarter 2008 operations review
Page 11
Rio Tinto share of production (continued)
Rio Tinto
interest
1Q
2007
2Q
2007
3Q
2007
4Q
2007
1Q
2008
FULL
YEAR
2007
TALC
Production (‘000 tonnes)
Rio Tinto Minerals — talc
100 %
352
326
318
284
342
1,281
TITANIUM DIOXIDE
FEEDSTOCK
Production (‘000 tonnes)
Rio Tinto Iron & Titanium
100 %
351
367
356
384
356
1,458
68 %
69 %
1,507
1,292
2,236
971
1,980
1,126
2,288
1,216
2,011
1,335
8,011
4,605
2,799
3,207
3,105
3,504
3,346
12,616
8.8
7.5
9.6
9.8
8.7
35.7
URANIUM
Production (‘000 lbs U 3 O 6 )
Energy Resources of Australia
Rössing
Rio Tinto total uranium production
ZINC
Mine production (‘000 tonnes)
Greens Creek (j)
70 %
Production data notes
(a)
Rio Tinto acquired the operating assets of Alcan with effect from 24 October 2007; production is shown as from
that date. The Rio Tinto assets and the Alcan assets have been combined under the Rio Tinto Alcan name.
(b)
Rio Tinto held a 38.6% share in QAL until 24 October 2007; this increased to 80.0% following the Alcan
acquisition
(c)
Following a review of the basis for reporting aluminium smelter production tonnes, the data reported now reflects
hot metal production rather than saleable product tonnes.
(d)
Rio Tinto Alcan has an 80% interest in the Awaso mine but purchases the additional 20% of production
(e)
Rio Tinto has a 22.9% shareholding in the Sangaredi mine but receives 45% of production under the partnership
agreement.
(f)
Includes beneficiated and calcined bauxite production.
(g)
Rio Tinto sold its 100% share in Tarong with an effective date of 31 January 2008 and production data are shown
up to that date.
(h)
In view of Rio Tinto Energy America’s responsibilities under a management agreement for the operation of the
Colowyo mine, all of Colowyo’s output is included in Rio Tinto’s share of production.
(i)
Through a joint venture agreement with Freeport-McMoRan Copper & Gold (FCX), Rio Tinto is entitled to 40%
of additional material mined as a consequence of expansions and developments of the Grasberg facilities since
1998. Rio Tinto’s share of production reflects actual production for the first quarter of 2008.
(j)
In February 2008 Rio Tinto reached agreement for the sale of Greens Creek and on 5 March 2008 the Group
completed the sale of its interest in the Cortez joint venture to its partner. Cortez production data are shown up to
that date.
(k)
Rio Tinto’s share of production includes 100% of the production from the Eastern Range mine. Under the terms
of the joint venture agreement, Hamersley Iron manages the operation and is obliged to purchase all mine
production from the joint venture.
(l)
Hope Downs started production in the fourth quarter of 2007
(m)
Rio Tinto increased its shareholding in Rio Tinto Minerals — salt to 68.4% at the beginning of July 2007.
Where Rio Tinto’s beneficial interest in an operation has changed, as indicated above, the share of production has been calculated using the
weighted average interest over the relevant periods. Rio Tinto percentage interest shown above is at 31 March 2008.
First quarter 2008 operations review
Page 12
Rio Tinto production summary
Rio Tinto share of production
FULL
YEAR
QUARTER
Principal Commodities
2007
Q1
2007
Q4
2008
Q1
2007
% CHANGE
Q1 08
vs
Q1 07
Q1 08
vs
Q4 07
Alumina
Aluminium
Bauxite
Borates
Coal — hard coking coal
Coal — other Australian
Coal — US
Copper — mined
Copper — refined
Diamonds
Gold — mined
Gold — refined
Iron ore
Titanium dioxide feedstock
Uranium
(‘000 t)
(‘000 t)
(‘000 t)
(‘000 t)
(‘000 t)
(‘000 t)
(‘000 t)
(‘000 t)
(‘000 t)
(‘000 cts)
(‘000 ozs)
(‘000 ozs)
(‘000 t)
(‘000 t)
(‘000 lbs)
661
210.9
4,272
129
1,438
7,041
30,357
198.1
101.6
5,033
278
115
32,245
351
2,799
1,853
833.7
7,797
151
1,544
5,642
33,384
180.8
89.0
7,807
293
133
38,956
384
3,504
2,220
1,024.9
8,798
153
1,043
5,711
30,632
185.6
78.3
3,296
133
81
37,371
356
3,346
3,877
1,473.2
21,022
560
6,179
24,388
125,083
737.9
390.0
26,023
1,233
523
144,707
1,458
12,616
236 %
386 %
106 %
18 %
-27 %
-19 %
1%
-6 %
-23 %
-35 %
-52 %
-30 %
16 %
1%
20 %
20 %
23 %
13 %
1%
-32 %
1%
-8 %
3%
-12 %
-58 %
-55 %
-39 %
-4 %
-7 %
-5 %
Other Metals & Minerals
Lead
Molybdenum
Pig Iron
Salt
Silver — mined
Silver — refined
Talc
Zinc
(‘000 t)
(‘000 t)
(‘000 t)
(‘000 t)
(‘000 ozs)
(‘000 ozs)
(‘000 t)
(‘000 t)
2.9
4.7
13
1,116
3,272
870
352
8.8
3.0
3.0
27
1,686
2,878
1,317
284
9.8
2.8
3.4
11
1,257
2,356
929
342
8.7
11.9
14.9
69
5,242
13,002
4,365
1,281
35.7
-5 %
-27 %
-16 %
13 %
-28 %
7%
-3 %
-2 %
-7 %
15 %
-60 %
-25 %
-18 %
-29 %
21 %
-12 %
Throughout this report, figures in italics indicate adjustments made since the figure was previously quoted on the equivalent page.
Production figures are sometimes more precise than the rounded numbers shown, hence small differences may result between the total
of the quarter figures and the full year figures.
First quarter 2008 operations review
Page 13
Rio Tinto operational data
1Q
2007
2Q
2007
3Q
2007
4Q
2007
1Q
2008
FULL
YEAR
2007
100.0 %
100.0 %
—
4,272
—
4,278
—
4,676
985
4,984
1,327
5,005
985
18,209
12.0 %
—
—
—
3,392
4,093
3,392
80.0 %
—
—
—
216
256
216
22.9 %
—
—
—
2,774
3,934
2,774
4,263
4,157
4,774
6,682
6,787
19,877
100.0 %
—
—
—
405
554
405
80.0 %
100.0 %
945
296
938
323
977
301
956
339
945
348
3,816
1,260
10.0 %
—
—
—
288
379
288
100.0 %
—
—
—
252
327
252
100.0 %
—
—
—
21
21
21
100.0 %
100.0 %
—
—
—
—
—
—
3
22
4
31
3
22
100.0 %
100.0 %
100.0 %
—
—
—
—
—
—
—
—
—
6
102
5
7
116
9
6
102
5
100.0 %
—
—
—
6
8
6
Rio Tinto
interest
Aluminium
Rio Tinto Alcan (a)
Bauxite Mines
Bauxite production (‘000 tonnes)
Australia
Gove mine — Northern
Territory (a)
Weipa mine — Queensland (b)
Brazil
Porto Trombetas (MRN) mine
(a)
Ghana
Awaso mine (a) (c)
Guinea
Sangaredi mine (a) (d)
Rio Tinto Alcan share of bauxite
shipments
Share of bauxite shipments (‘000
tonnes)
Smelter-Grade Alumina Refineries
Alumina production (‘000 tonnes)
Australia
Gove refinery — Northern
Territory (a)
Queensland Alumina Refinery —
Queensland (a) (e)
Yarwun refinery — Queensland
Brazil
Sao Luis (Alumar) refinery (a)
Canada
Jonquiere refinery — Quebec (a)
France
Gardanne refinery (a)
Specialty Alumina Plants
Speciality alumina production (‘000
tonnes)
Canada
Brockville plant — Quebec (a)
Jonquiere plant — Quebec (a)
France
Beyrede plant (a)
Gardanne plant (a)
La Bathie plant (a)
Germany
Teutschenthal plant (a)
(a)
Rio Tinto acquired the operating assets of Alcan with effect from 24 October 2007; production is shown as
from that date. The Rio Tinto assets and the Alcan assets have been combined under the Rio Tinto Alcan
name.
(b)
For Weipa, beneficiated and calcined production, previously shown separately, are now shown on one row
(c)
Rio Tinto Alcan has an 80% interest in the Awaso mine but purchases the additional 20% of production
(d)
Rio Tinto has a 22.9% shareholding in the Sangaredi mine but receives 45% of production under the
partnership agreement.
(e)
Rio Tinto held a 38.6% share in QAL until 24 October 2007; this increased to 80.0% following the Alcan
acquisition
Rio Tinto percentage interest shown above is at 31 March 2008. The data represent full production and sales on a 100% basis unless
otherwise stated.
First quarter 2008 operations review
Page 14
Rio Tinto operational data
1Q
2007
2Q
2007
3Q
2007
4Q
2007
1Q
2008
FULL
YEAR
2007
100.0 %
44
44
45
45
44
177
59.4 %
135
137
137
139
138
548
51.6 %
—
—
—
97
127
97
46.7 %
—
—
—
19
20
19
100.0 %
—
—
—
80
107
80
40.0 %
100.0 %
—
—
—
—
—
—
109
32
142
42
109
32
100.0 %
25.1 %
—
—
—
—
—
—
10
80
13
101
10
80
100.0 %
—
—
—
40
52
40
100.0 %
100.0 %
—
—
—
—
—
—
47
44
63
58
47
44
100.0 %
—
—
—
18
25
18
50.0 %
—
—
—
31
41
31
100.0 %
100.0 %
—
—
—
—
—
—
49
5
62
5
49
5
100.0 %
—
—
—
25
34
25
100.0 %
—
—
—
35
46
35
79.4 %
87
87
89
89
87
351
50.0 %
—
—
—
32
43
32
51.0 %
100.0 %
100.0 %
36
—
—
37
—
—
37
—
—
37
8
33
37
11
44
147
8
33
100.0 %
—
—
—
37
49
37
196
226
211
1,031
1,287
1,663
Rio Tinto
interest
Aluminium (continued)
Aluminium Smelters (a)
Primary aluminium production (‘000
tonnes)
Australia
Bell Bay smelter — Tasmania
Boyne Island smelter —
Queensland
Tomago smelter — New South
Wales (b)
Cameroon
Alucam (Edea) smelter (b)
Canada
Alma smelter — Quebec (b)
Alouette (Sept-Iles) smelter —
Quebec (b)
Arvida smelter — Quebec (b)
Beauharnois, smelter — Quebec
(b)
Becancour smelter — Quebec (b)
Grande-Baie smelter — Quebec
(b)
Kitimat smelter — British
Colombia (b)
Laterriere smelter — Quebec (b)
Shawinigan smelter — Quebec
(b)
China
Ningxia (Qingtongxia) smelter
(b)
France
Dunkerque smelter (b)
Lannemezan, smelter (b)
St-Jean-de Maurienne smelter
(b)
Iceland
ISAL (Reykjavik) smelter (b)
New Zealand
Tiwai Point smelter
Norway
SORAL (Husnes) smelter (b)
United Kingdom
Anglesey Aluminium smelter
Lochaber smelter (b)
Lynemouth smelter (b)
USA
Sebree smelter — Kentucky (b)
Rio Tinto Alcan share of metal sales
Share of primary aluminium sales
(‘000 tonnes)
a) Following a review of the basis for reporting aluminium smelter production tonnes, the data reported now reflects hot metal production rather than saleable product
tonnes.
b) Rio Tinto acquired the operating assets of Alcan with effect from 24 October 2007; production is shown as from that date. The Rio Tinto assets and the Alcan assets
have been combined under the Rio Tinto Alcan name.
Borates
Rio Tinto Minerals — borates
California, US and Argentina
Borates (‘000 tonnes) (a)
100.0 %
129
145
134
151
153
560
(a)
Production is expressed as B 2 O 3 content.
Rio Tinto percentage interest shown above is at 31 March 2008. The data represent full production and sales on a 100% basis unless
otherwise stated.
First quarter 2008 operations review
Page 15
Rio Tinto operational data
1Q
2007
2Q
2007
3Q
2007
4Q
2007
1Q
2008
FULL
YEAR
2007
1,315
1,070
1,394
1,376
1,053
5,155
2,341
2,218
1,929
1,436
2,538
7,924
1,371
1,259
1,054
1,329
808
5,012
2,316
2,020
1,883
2,046
2,143
8,264
331
381
460
657
683
1,830
189
392
339
751
326
875
181
567
138
475
1,035
2,586
657
280
261
731
382
1,929
163
137
393
302
332
995
1,736
1,021
872
881
262
4,510
1,343
1,172
1,663
1,197
1,522
5,376
51
216
133
0
1
400
Total hard coking coal production (‘000
tonnes)
1,763
2,010
1,929
1,896
1,284
7,598
Total hard coking coal sales (‘000 tonnes)
1,776
1,605
1,580
1,962
1,245
6,924
Total other coal production (‘000 tonnes) (b)
10,443
8,854
9,314
8,808
9,052
37,419
Total other coal sales (‘000 tonnes) (c) (d)
11,127
9,762
9,322
9,892
9,459
40,103
Total coal production (‘000 tonnes)
12,206
10,864
11,243
10,704
10,336
45,017
Total coal sales (‘000 tonnes)
12,903
11,368
10,902
11,854
10,703
47,026
Share of hard coking coal sales (‘000
tonnes)
1,447
1,306
1,285
1,600
1,015
5,639
Share of other coal sales (‘000 tonnes) (c)
(d)
7,523
6,453
5,937
6,285
5,994
26,197
Rio Tinto
interest
Coal
Rio Tinto Coal Australia
Bengalla mine
New South Wales, Australia
Thermal coal production (‘000 tonnes)
Blair Athol Coal mine
Queensland, Australia
Thermal coal production (‘000 tonnes)
Hail Creek Coal mine
Queensland, Australia
Hard coking coal production (‘000 tonnes)
Hunter Valley Operations
New South Wales, Australia
Thermal coal production (‘000 tonnes)
Semi-soft coking coal production (‘000
tonnes)
Kestrel Coal mine
Queensland, Australia
Thermal coal production (‘000 tonnes)
Hard coking coal production (‘000 tonnes)
Mount Thorley Operations
New South Wales, Australia
Thermal coal production (‘000 tonnes)
Semi-soft coking coal production (‘000
tonnes)
Tarong Coal mine (a)
Queensland, Australia
Thermal coal production (‘000 tonnes)
Warkworth mine
New South Wales, Australia
Thermal coal production (‘000 tonnes)
Semi-soft coking coal production (‘000
tonnes)
30.3 %
71.2 %
82.0 %
75.7 %
80.0 %
60.6 %
0.0 %
42.1 %
Rio Tinto Coal Australia share
(a) Rio Tinto sold its 100% share in Tarong with an effective date of 31 January 2008 and production data are shown up to that date.
(b) Other coal production includes thermal coal and semi-soft coking coal.
(c) Other coal sales includes thermal coal, semi-soft coking coal and semi-hard coking coal (a mixture of thermal coal and coking coal).
(d) Sales relate only to coal mined by the operations and exclude traded coal.
Rio Tinto Energy America
Antelope mine
Wyoming, US
100.0 %
Thermal coal production (‘000 tonnes)
Colowyo mine
Colorado, US
Thermal coal production (‘000 tonnes)
Cordero Rojo mine
Wyoming, US
Thermal coal production (‘000 tonnes)
Decker mine
Montana, US
Thermal coal production (‘000 tonnes)
Jacobs Ranch mine
Wyoming, US
Thermal coal production (‘000 tonnes)
Spring Creek mine
Montana, US
Thermal coal production (‘000 tonnes)
7,691
7,682
7,601
8,292
7,958
31,267
1,224
1,342
1,280
1,232
1,001
5,077
9,060
9,034
8,622
9,996
9,200
36,712
1,488
1,568
1,666
1,618
1,480
6,340
8,537
8,478
8,750
8,801
7,904
34,565
3,100
2,999
3,938
4,254
3,829
14,291
Total coal production (‘000 tonnes)
31,101
31,103
31,857
34,192
31,372
128,253
Total coal sales (‘000 tonnes)
31,101
31,103
32,165
33,891
31,393
128,260
(a )
100.0 %
50.0 %
100.0 %
100.0 %
(a) In view of Rio Tinto Energy America’s responsibilities under a management agreement for the operation of the Colowyo mine, all of Colowyo’s output is included in Rio Tinto’s share of
production.
Rio Tinto percentage interest shown above is at 31 March 2008. The data represent full production and sales on a 100% basis unless
otherwise stated.
First quarter 2008 operations review
Page 16
Rio Tinto operational data
Rio Tinto
interest
1Q
2007
2Q
2007
3Q
2007
4Q
2007
1Q
2008
FULL
YEAR
2007
23,450
1.62
23,064
1.58
22,406
1.63
21,777
1.72
22,029
1.56
90,697
1.64
319.1
305.6
305.2
316.8
284.7
1,246.7
45
48
48
45
39
187
1,877
1,973
2,234
1,786
1,647
7,870
15,509
0.34
8,435
0.53
7,329
0.44
3,723
0.78
19,156
0.55
34,996
0.45
52
45
32
29
106
159
66
66
54
53
52
238
20,563
19,568
18,267
19,195
16,648
77,593
1.21
2.01
4.75
0.82
1.63
3.56
0.58
0.70
2.91
0.65
0.52
2.77
0.67
0.37
2.23
0.82
1.24
3.53
225.6
145.9
90.8
107.1
95.7
569.4
1,182
916
336
254
149
2,689
2,273
1,397
693
875
663
5,238
194.2
157.4
96.9
91.5
94.0
540.0
1,010
1,571
978
1,202
383
598
220
585
155
545
2,591
3,957
Copper and gold
Escondida
Chile
Sulphide ore to concentrator
(‘000 tonnes)
Average copper grade (%)
Mill production (metals in
concentrates):
Contained copper (‘000
tonnes)
Contained gold (‘000
ounces)
Contained silver (‘000
ounces)
Ore to leach (‘000 tonnes)
(a)
Average copper grade (%)
Contained copper in
leachate/mined material
(‘000 tonnes)
Refined production from
leach plants:
Copper cathode
production (‘000
tonnes)
Freeport-McMoRan
Copper & Gold
Grasberg mine (a)
Papua, Indonesia
Ore treated (‘000 tonnes)
Average mill head grades:
Copper (%)
Gold (g/t)
Silver (g/t)
Production of metals in
concentrates:
Copper in concentrates
(‘000 tonnes)
Gold in concentrates
(‘000 ounces)
Silver in concentrates
(‘000 ounces)
Sales of payable metals in
concentrates: (b)
Copper in concentrates
(‘000 tonnes)
Gold in concentrates
(‘000 ounces)
Silver in concentrates
30.0 %
0.0%(40.0% of the expansion)
(‘000 ounces)
(a) Through a joint venture agreement with Freeport-McMoRan Copper & Gold (FCX), Rio Tinto is entitled to 40% of additional
material mined as a consequence of expansions and developments of the Grasberg facilities since 1998. The 1Q 2008 results show
the forecast from FCX’s most recent five-year plan because FCX is not releasing its actual 100% operating data for 1Q 2008 until
the release of its 2008 first-quarter results on April 23, 2008.
(b) Net of smelter deductions.
Rio Tinto percentage interest shown above is at 31 March 2008. The data represent full production and sales on a 100% basis unless
otherwise stated.
First quarter 2008 operations review
Page 17
Rio Tinto operational data
Rio Tinto
interest
1Q
2007
2Q
2007
3Q
2007
4Q
2007
1Q
2008
FULL
YEAR
2007
763
11,007
697
5,956
914
4,775
648
8,510
491
1,839
3,023
30,248
—
—
—
—
—
—
2.49
0.52
—
2.80
0.51
—
2.83
0.50
—
4.18
0.50
—
3.40
0.50
—
3.02
0.51
—
113
154
134
138
72
538
166
148
178
172
153
664
4.44
562
9.5
3.6
4.57
624
9.1
3.8
4.85
533
9.6
3.7
4.86
416
10.3
3.5
5.20
465
10.3
3.7
4.69
530
9.7
3.6
16
2,371
12.5
4.2
15
2,316
10.6
3.9
19
2,287
13.7
4.6
18
1,672
13.9
4.3
16
1,668
12.3
4.0
68
8,646
50.8
17.0
5
51
6
54
4
34
4
21
3
26
19
160
Copper and gold (continued)
Kennecott Minerals
Company
Cortez/Pipeline mine (a)
0.0 %
Nevada, US
Ore treated
Milled (‘000 tonnes)
Leached (‘000 tonnes)
Sold for roasting (‘000
tonnes)
Average ore grade: gold
Milled (g/t)
Leached (g/t)
Sold for roasting (g/t)
Gold produced (‘000
ounces)
Greens Creek mine (a)
Alaska, US
Ore treated (‘000 tonnes)
Average ore grades:
Gold (g/t)
Silver (g/t)
Zinc (%)
Lead (%)
Metals produced in
concentrates:
Gold (‘000 ounces)
Silver (‘000 ounces)
Zinc (‘000 tonnes)
Lead (‘000 tonnes)
70.3 %
Rawhide mine (b)
Nevada, US
Metals produced in doré:
Gold (‘000 ounces)
Silver (‘000 ounces)
51.0 %
(a) In February 2008 Rio Tinto reached agreement for the sale of Greens Creek and on 5 March 2008 the Group completed the sale of
its interest in the joint venture to its Cortez partner. Cortez production data are shown up to that date.
(b) Mining operations were completed in October 2002 and processing of stockpiled ores was completed in May 2003. Residual gold
and silver production continues from the leach pads.
Kennecott Utah Copper
Barneys Canyon mine (a)
Utah, US
Gold produced (‘000
ounces)
100.0 %
2
3
3
(a) Mining operations ceased in the first quarter of 2002. Gold continues to be recovered from leach pads.
2
2
11
Bingham Canyon mine
Utah, US
Ore treated (‘000 tonnes)
Average ore grade:
Copper (%)
Gold (g/t)
Silver (g/t)
Molybdenum (%)
Copper concentrates
produced (‘000 tonnes)
Average concentrate grade
(% Cu)
Production of metals in
copper concentrates:
Copper (‘000 tonnes) (b)
Gold (‘000 ounces)
Silver (‘000 ounces)
Molybdenum concentrates
produced (‘000 tonnes):
Molybdenum in
concentrates (‘000
tonnes)
Kennecott smelter &
refinery
Copper concentrates smelted
(‘000 tonnes)
Copper anodes produced
(‘000 tonnes) (c)
Production of refined metal:
Copper (‘000 tonnes)
Gold (‘000 ounces) (d)
Silver (‘000 ounces) (d)
100.0 %
11,922
12,499
10,988
12,116
10,867
47,525
0.56
0.43
3.14
0.056
0.53
0.42
3.07
0.050
0.52
0.36
2.87
0.050
0.51
0.31
2.93
0.043
0.49
0.30
2.43
0.050
0.53
0.38
3.00
0.050
202
234
222
230
193
889
26.7
23.6
22.2
23.0
23.0
23.8
54.1
106
856
55.6
117
981
49.5
86
757
53.0
88
892
44.7
67
616
212.2
397
3,487
8.3
6.7
6.2
5.4
6.2
26.6
4.7
3.8
3.5
3.0
3.4
14.9
272
297
263
272
237
1,103
69.0
73.7
61.8
56.7
49.7
261.2
69.7
115
870
67.9
147
1,014
68.7
128
1,164
59.3
133
1,317
52.1
81
929
265.6
523
4,365
100.0 %
(b) Includes a small amount of copper in precipitates.
(c) New metal excluding recycled material.
(d) Includes gold and silver in intermediate products.
Rio Tinto percentage interest shown above is at 31 March 2008. The data represent full production and sales on a 100% basis unless
otherwise stated.
First quarter 2008 operations review
Page 18
Rio Tinto operational data
FULL
Rio Tinto
1Q
2Q
3Q
4Q
1Q
YEAR
interest
2007
2007
2007
2007
2008
2007
1,367
1,363
1,264
1,304
1,234
5,297
1.38
0.78
1.01
0.67
0.65
0.50
0.59
0.51
0.49
0.35
0.91
0.62
Copper concentrates
produced (‘000 tonnes)
42.2
32.4
21.4
19.6
16.1
115.7
Contained copper in
concentrates:
Saleable production
(‘000 tonnes)
Sales (‘000 tonnes) (a)
17.2
16.3
12.4
13.6
7.0
9.5
6.6
8.2
5.1
2.7
43.1
47.6
Contained gold in
concentrates:
Saleable production
(‘000 ounces)
25.6
21.8
15.1
16.3
10.0
78.8
19.1
16.2
23.3
16.7
6.0
75.4
2,886
3,025
3,046
3,958
3,181
12,915
0.71
0.70
0.68
0.69
0.71
0.70
82.1
56.0
48.6
52.5
73.9
239.2
27.4
31.5
31.0
30.7
29.9
29.8
22.5
17.6
15.0
16.1
22.1
71.4
73.6
74.2
73.9
74.1
66.4
295.8
21.2
20.8
22.9
22.9
24.0
24.0
22.7
24.0
18.1
18.3
90.7
91.7
Copper and gold
(continued)
Northparkes Joint
Venture
New South Wales,
Australia Ore treated
(‘000 tonnes)
Average ore grades:
Copper (%)
Gold (g/t)
80.0 %
Sales (‘000 ounces) (a)
(a) Rio Tinto’s 80% share of material from the Joint Venture.
Palabora
Palabora mine
South Africa
Ore treated (‘000 tonnes)
Average ore grade: copper
(%)
Copper concentrates
produced (‘000 tonnes)
Average concentrate
grade: copper (%)
Copper in concentrates
(‘000 tonnes)
Palabora
smelter/refinery
New concentrate smelted
on site (‘000 tonnes)
New copper anodes
produced (‘000 tonnes)
Refined new copper
57.7 %
produced (‘000 tonnes)
By-products:
Magnetite concentrate
(‘000 tonnes)
Nickel contained in
products (tonnes) (a)
Vermiculite plant
Vermiculite produced
(‘000 tonnes)
262
321
361
363
446
1,306
5
12
43
45
42
104
50
50
50
50
50
200
(a) Nickel production is now reported as contained nickel in product.
Diamonds
Argyle Diamonds
Western Australia
AK1 ore processed (‘000
tonnes)
AK1 diamonds produced
(‘000 carats)
100.0 %
Diavik Diamonds
Northwest Territories,
Canada
Ore processed (‘000
tonnes)
Diamonds recovered (‘000
carats)
60.0 %
Murowa Diamonds
Zimbabwe
Ore processed (‘000
tonnes)
Diamonds recovered (‘000
carats)
77.8 %
2,168
2,178
2,362
1,917
1,549
8,625
3,470
4,414
4,865
5,995
2,172
18,744
520
643
656
581
435
2,400
2,585
3,291
3,123
2,944
1,785
11,943
30
46
55
72
88
203
15
31
40
59
67
145
Rio Tinto percentage interest shown above is at 31 March 2008. The data represent full production and sales on a 100% basis unless
otherwise stated.
First quarter 2008 operations review
Page 19
Rio Tinto operational data
1Q
2007
2Q
2007
3Q
2007
4Q
2007
1Q
2008
FULL
YEAR
2007
100.0 %
60.0 %
20,161
2,641
24,617
2,905
23,990
2,589
25,799
2,413
23,731
2,474
94,567
10,549
(a )
50.0 %
2,166
—
1,670
—
1,562
—
1,535
64
1,801
1,076
6,932
64
53.0 %
6,168
6,901
5,608
6,812
6,811
25,489
53.0 %
6,020
6,178
6,432
7,393
6,753
26,023
Total production (‘000
tonnes)
37,156
42,271
40,180
44,016
42,646
163,624
Total sales (‘000 tonnes)
(c)
34,851
41,340
40,444
44,465
42,691
161,100
Rio Tinto
interest
Iron ore and iron
Rio Tinto Iron Ore
Pilbara Operations
Western Australia
Saleable iron ore
production (‘000
tonnes):
Hamersley —
Paraburdoo, Mount
Tom Price,
Marandoo,
Yandicoogina,
Brockman and
Nammuldi
Hamersley — Channar
Hamersley — Eastern
Range
Hope Downs (b)
Robe River —
Pannawonica
Robe River — West
Angelas
(a) Rio Tinto owns 54% of the Eastern Range mine. Under the terms of the joint venture agreement, Hamersley Iron manages the
operation and is obliged to purchase all mine production from the joint venture and therefore all of the production is included in Rio
Tinto’s share of production.
(b) Hope Downs started production in the fourth quarter of 2007
(c) Sales represent iron ore exported from Western Australian ports.
Iron Ore Company of
Canada
Newfoundland &
Labrador and Quebec
in Canada
Saleable iron ore
production:
Concentrates (‘000
tonnes)
Pellets (‘000 tonnes)
Sales:
Concentrate (‘000
58.7 %
82
2,325
613
2,334
723
3,323
505
3,324
360
3,249
1,923
11,306
436
296
820
855
262
2,407
tonnes)
Pellets (‘000 tonnes)
Rio Tinto Brasil
Corumbá mine
Mato Grosso do Sul,
Brazil
Saleable iron ore
production (‘000
tonnes) (a)
Sales (‘000 tonnes)
1,791
2,727
3,327
3,146
2,547
10,991
460
347
424
245
528
401
365
112
508
369
1,777
1,105
21
0
49
45
18
115
100.0 %
(a) Production includes by-product fines.
HIsmelt ®
Western Australia
Pig iron production (‘000
tonnes)
60.0 %
Rio Tinto percentage interest shown above is at 31 March 2008. The data represent full production and sales on a 100% basis unless
otherwise stated.
First quarter 2008 operations review
Page 20
Rio Tinto operational data
Rio Tinto
interest
1Q
2007
2Q
2007
3Q
2007
4Q
2007
1Q
2008
FULL
YEAR
2007
1,719
1,476
2,165
2,467
1,840
7,827
Salt
Rio Tinto Minerals —
salt (a)
Western Australia
Salt production (‘000
tonnes)
68.4 %
(a) Rio Tinto increased its shareholding in Rio Tinto Minerals — salt to 68.4% at the beginning of July 2007.
Talc
Rio Tinto Minerals —
talc
Australia, Europe, and
North America
Talc production (‘000
tonnes)
100.0 %
352
326
318
284
342
1,281
351
367
356
384
356
1,458
2,204
3,269
2,895
3,346
2,940
11,713
1,884
1,417
1,641
1,773
1,947
6,714
Titanium dioxide
feedstock
Rio Tinto Iron &
Titanium
Canada and South
Africa
(Rio Tinto share)
Titanium dioxide
feedstock production
(‘000 tonnes)
100.0 %
Uranium
Energy Resources of
Australia Ltd
Ranger mine
Northern Territory,
Australia
Production (‘000 lbs U
3 O 8 )
Rössing Uranium Ltd
Namibia
Production (‘000 lbs U
3 O 8 )
68.4 %
68.6 %
Rio Tinto percentage interest shown above is at 31 March 2008. The data represent full production and sales on a 100% basis unless
otherwise stated.
First quarter 2008 operations review
Page 21
Index to operational data
Page
Aluminium
Rio Tinto Alcan
- Alma
- Alouette (Sept-Iles)
- Alucam (Edea)
- Anglesey Aluminium
- Arvida
- Awaso
- Beauharnois
- Becancour
- Bell Bay
- Beyrede
- Boyne Island
- Brockville
- Dunkerque
- Gardanne
- Gove
- Grande-Baie
- Jonquiere
- ISAL (Reykjavik)
- Kitimat
- La Bathie
- Lannemezan
- Laterriere
- Lochaber
- Lynemouth
- Ningxia (Qingtongxia)
- Porto Trombetas (MRN)
- Queensland Alumina
- Sangaredi
- Sebree
- Shawinigan
- Sao Luis (Alumar)
- SORAL (Husnes)
- St-Jean-de-Maurienne
- Teutschenthal
- Tiwai Point
- Tomago
- Weipa
- Yarwun
Canada
Canada
Cameroon
UK
Canada
Ghana
Canada
Canada
Australia
France
Australia
Canada
France
France
Australia
Canada
Canada
Iceland
Canada
France
France
Canada
UK
UK
China
Brazil
Australia
Guinea
USA
Canada
Brazil
Norway
France
Germany
New Zealand
Australia
Australia
Australia
15
15
15
15
15
14
15
15
15
14
15
14
15
14
14
15
14
15
15
14
15
15
15
15
15
14
14
14
15
15
14
15
15
14
15
15
14
14
US
US
Argentina
15
15
15
Australia
Australia
Australia
Australia
Australia
Australia
Australia
16
16
16
16
16
16
16
Borates
Rio Tinto Minerals — borates
Boron
Tincalayu
Coal
Rio Tinto Coal Australia:
- Bengalla
- Blair Athol
- Hail Creek
- Hunter Valley Operations
- Kestrel
- Mount Thorley Operations
- Warkworth
Rio Tinto Energy America:
- Antelope
- Colowyo
- Cordero Rojo
- Decker
- Jacobs Ranch
- Spring Creek
Australia
US
US
US
US
US
US
US
16
16
16
16
16
16
16
16
Chile
US
Indonesia
US
US
US
Australia
South Africa
17
17
17
18
18
18
19
19
Copper
Escondida
Freeport-McMoRan Copper & Gold:
- Grasberg
Kennecott Utah Copper:
- Bingham Canyon
- Kennecott smelter and refinery
Northparkes
Palabora mine and smelter
Diamonds
Argyle Diamonds
Diavik Diamonds
Murowa Diamonds
Australia
Canada
Zimbabwe
19
19
19
Chile
US
Indonesia
US
US
US
US
US
US
Australia
17
17
17
18
18
18
18
18
18
19
Brazil
Australia
Australia
Australia
Australia
Australia
Australia
Australia
Australia
Australia
Australia
Canada
Australia
Australia
Australia
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
US
US
18
18
Gold
Escondida
Freeport-McMoRan Copper & Gold:
- Grasberg
Kennecott Utah Copper:
- Barneys Canyon
- Bingham Canyon
Kennecott Minerals:
- Greens Creek
- Rawhide
Northparkes
Iron Ore
Corumbá
Hamersley:
- Brockman
- Channar
- Eastern Range
- Marandoo
- Mt Tom Price
- Nammuldi
- Paraburdoo
- Yandicoogina
Hope Downs
Iron Ore Company of Canada
Robe River:
Pannawonica
West Angelas
Lead/Zinc
Kennecott Minerals:
- Greens Creek
Molybdenum
Bingham Canyon
US
18
Australia
20
Rio Tinto Minerals — salt
Australia
21
Silver
Bingham Canyon
Escondida
Grasberg
Greens Creek
US
Chile
Indonesia
US
18
17
17
18
Australia/Europe/
US/Canada
20
Canada
South Africa
21
21
Australia
Australia
Namibia
21
21
21
Pig Iron
HIsmelt ®
Salt
Talc
Rio Tinto Minerals — talc
Titanium dioxide feedstock
QIT mine and smelter
Richards Bay Minerals mine and smelter
Uranium
Energy Resources of Australia
— Ranger
Rössing
First quarter 2008 operations review
Page 22
Exhibit 99.4
Rio Tinto plc
5 Aldermanbury Square
London EC2V 7HR
United Kingdom
T +44 (0) 20 7781 2000
F +44 (0) 20 7781 1800
Press release
Rio Tinto completes sale of Greens Creek Mine interest
16 April 2008
Rio Tinto has completed the sale of Kennecott Greens Creek Mining Company and Kennecott Juneau Mining Company, the
subsidiaries holding its 70.3 per cent interest in the Greens Creek mine in Alaska to an affiliate of Hecla Mining Company, giving
Hecla 100 per cent ownership.
The sale price includes cash consideration of US$700 million and $50 million in Hecla stock. The transaction, which was
announced on 12 February 2008, is part of Rio Tinto’s planned programme to divest at least US$15 billion of assets. Rio Tinto
also recently completed the sale of its interest in the Cortez gold mine in Nevada for $1.695 billion in cash along with certain
retained contingent royalty interests. With the completion of both transactions, Rio Tinto has achieved close to one quarter of its
target of realising asset sales of US$10 billion in 2008.
In November 2007, Rio Tinto announced the results of its overall strategic review of the company’s asset portfolio following its
acquisition of Alcan. Options are also being explored to divest Rio Tinto Energy America (coal), Rio Tinto Minerals’ talc and
borates businesses, Rio Tinto Alcan Packaging, Rio Tinto Alcan Engineered Products, Rio Tinto’s Northparkes copper mine in
Australia and Rio Tinto’s Sweetwater (USA) and Kintyre (Australia) uranium assets.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed
company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds,
energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but
are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern
Africa.
Forward-Looking Statements
This announcement includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of
historical facts included in this announcement, including, without limitation, those regarding Rio Tinto’s financial position, business
strategy, plans and objectives of management for future operations (including development plans and objectives relating to Rio
Tinto’s
Cont.../
Continues
Page 2 of 3
products, production forecasts and reserve and resource positions), are forward-looking statements. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of Rio Tinto, or industry results, to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Rio Tinto’s present and future business
strategies and the environment in which Rio Tinto will operate in the future. Among the important factors that could cause Rio
Tinto’s actual results, performance or achievements to differ materially from those in the forward-looking statements include,
among others, levels of actual production during any period, levels of demand and market prices, the ability to produce and
transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, operational
problems, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by
governmental authorities such as changes in taxation or regulation and such other risk factors identified in Rio Tinto’s most recent
Annual Report on Form 20-F filed with the SEC or Form 6-Ks furnished to the SEC. Forward-looking statements should, therefore,
be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. These
forward-looking statements speak only as of the date of this announcement. Rio Tinto expressly disclaims any obligation or
undertaking (except as required by applicable law, the City Code on Takeovers and Mergers (the “ Takeover Code” ), the UK
Listing Rules, the Disclosure and Transparency Rules of the Financial Services Authority and the Listing Rules of the Australian
Securities Exchange) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any
change in Rio Tinto’s expectations with regard thereto or any change in events, conditions or circumstances on which any such
statement is based.
Nothing in this announcement should be interpreted to mean that future earnings per share of Rio Tinto plc or Rio Tinto Limited
will necessarily match or exceed its historical published earnings per share.
Subject to the requirements of the Takeover Code, none of Rio Tinto, any of its officers or any person named in this
announcement with their consent or any person involved in the preparation of this announcement makes any representation or
warranty (either express or implied) or gives any assurance that the implied values, anticipated results, performance or
achievements expressed or implied in forward-looking statements contained in this announcement will be achieved.
Cont.../
Continues
Page 3 of 3
For further information, please contact:
Media Relations, London
Christina Mills
Office: +44 (0) 20 7781 1154
Mobile: +44 (0) 7825 275 605
Media Relations, Australia
Ian Head
Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 408 360 101
Nick Cobban
Office: +44 (0) 20 7781 1138
Mobile: +44 (0) 7920 041 003
Amanda Buckley
Office: +61 (0) 3 9283 3627
Mobile: +61 (0) 419 801 349
Media Relations, US
Nancy Ives
Mobile: +1 619 540 3751
Investor Relations, London
Nigel Jones
Office: +44 (0) 20 7781 2049
Mobile: +44 (0) 7917 227 365
Investor Relations, Australia
Dave Skinner
Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 408 335 309
David Ovington
Office: +44 (0) 20 7781 2051
Mobile: +44 (0) 7920 010 978
Simon Ellinor
Office:+ 61 (0) 7 3867 1607
Mobile: +61 (0) 439 102 811
Investor Relations, North America
Jason Combes
Office: +1 (0) 801 685 4535
Mobile: +1 (0) 801 558 2645
Email: [email protected]
Website: www.riotinto.com
High resolution photographs available at: www.newscast.co.uk
Exhibit 99.5
Rio Tinto plc
5 Aldermanbury Square
London EC2V 7HR
United Kingdom
T +44 (0) 20 7781 2000
F +44 (0) 20 7781 1800
Press release
Rio Tinto plc AGM, April 2008
17 April 2008
Rio Tinto plc annual general meeting was held at 11.00 am on Thursday, 17 April 2008 at The Queen Elizabeth II Conference
Centre, Broad Sanctuary, Westminster, London SW1.
The transcript of the speeches by the chairman and the chief executive are below.
[1. Title slide]
[2. Paul Skinner slide]
Opening remarks by the chairman, Paul Skinner
Good morning ladies and gentlemen. I am very pleased to welcome you to this year’s Annual General Meeting.
Before we go any further there will be a short safety briefing. This is something Rio Tinto takes very seriously and I would ask that
you all listen carefully.
[3. New Directors]
Directors
All your directors are present at today’s meeting, except Andrew Gould who has an unavoidable long standing commitment.
Following the acquisition of Alcan we are especially pleased to welcome Yves Fortier and Paul Tellier who are standing for
election to the board as non executive directors, and Dick Evans, chief executive of Rio Tinto Alcan, as an executive director. This
strong representation from Canada will provide important continuity in the integration of Alcan and brings valuable new
perspectives to the board.
Members of the board who are standing for re-election today are Tom Albanese, Vivienne Cox, Richard Goodmanson and myself.
As we announced last year, Sir Richard Sykes, currently the senior independent director, will retire after this year’s annual general
meetings after ten years on the board. I take this opportunity of recognising his valuable contribution to Rio Tinto over that period,
for which we thank him. Andrew Gould, currently chairman of the Audit committee, will become the senior independent director on
Richard’s retirement and will become chairman of the Remuneration committee. Sir David Clementi will replace Andrew as
chairman of the Audit committee. These changes are planned to take effect at the conclusion of the 2008 annual general
meetings.
Cont.../
Continues
Page 2 of 11
Ill health led to the resignation of Ashton Calvert from the board in November and we were deeply saddened to hear of his death
shortly afterwards. Ashton joined the boards in 2005 following a long and distinguished career in the Australian foreign service
before his last role as secretary at the Department of Foreign Affairs and Trade. He made a major contribution to Rio Tinto and
provided valuable insights across a range of major strategic issues, notably in relation to our businesses in Australia and Asia. He
was an inspiring colleague and we miss him greatly.
During 2007 we also achieved a seamless transition in our executive leadership with Tom Albanese taking over as chief executive
on 1 May. Retaining continuity and stability during a change of leadership does not just happen — it is the result of careful
planning and management focus.
It is testament to the quality of our leadership team that they have delivered a string of records during the year against the
backdrop of heightened corporate activity. We are very fortunate to have one of the strongest management teams in the
resources sector.
[4. Records across the board]
Results and dividend
Rio Tinto is about value creation and business excellence and we remain committed to both.
I am pleased to say that the Group had another record year in 2007, with continuing strong demand and prices for our products.
Our underlying earnings in 2007 were a record 7.4 billion US dollars, one per cent above 2006.
Net earnings were 7.3 billion, and cash flow from operations increased 15 per cent to a record 12.5 billion. We are currently
generating around a billion dollars a month in cash.
[5. Progressive dividends]
Total dividends declared for 2007 of 136 US cents per share represent an increase of 31 per cent over the 2006 dividend.
Reflecting our confidence in the continuing growth of the business, we have committed to further total increases in the dividend of
at least 20 per cent in each of 2008 and 2009.
We have always said that our first priority for excess capital after our reinvestment in profitable growth is the ordinary dividend,
and we are pleased to reinforce this commitment to our shareholders.
Our confidence is also reflected in our planned capital expenditure in 2008 and 2009 – indicatively around nine billion dollars in
each year, including the commitments we have made to Rio Tinto Alcan’s growth projects. We have many opportunities to grow
our business from our expanded asset base.
[6. Strategic fit of Alcan deal]
Strategy
Our strategy to add value over time is characterised by consistency and simplicity – we aim to invest in large, long life, cost
competitive assets.
The acquisition of Alcan is an excellent example. Against a background of strengthening aluminium prices we have created a
global leader in this sector, with high quality assets in all phases of aluminium production.
Cont.../
Continues
Page 3 of 11
Similarly, our ongoing investments in iron ore production and infrastructure, and our plans for investment in a series of large, long
term copper projects are targeted to create significant value over time. Tom will say more about this.
We have also committed to a programme of disposal of non core assets which will lower our debt level and create the opportunity
to focus our business on world class, market leading positions. This is progressing well.
[7. Offer rejected]
BHP Billiton offer
I should like to make a few comments on the position following BHP Billiton’s preconditional offer. As you know, the Rio Tinto
boards unanimously rejected an outline proposal last November of three BHP Billiton shares for each Rio Tinto share. This
rejection was after full consideration by our board, on the basis that it significantly undervalued Rio Tinto’s assets and prospects.
In February, BHP Billiton followed this approach with a pre-conditional offer of 3.4 BHP Billiton shares for each Rio Tinto share.
Again our boards gave this very careful consideration and concluded that we should reject this also for the same reasons.
We have an outstanding portfolio of assets, our business is performing very strongly and is very well managed by a talented team.
We have taken many opportunities to explain this to the shareholders and the financial community over recent months and I
believe the intrinsic value of Rio Tinto is becoming increasingly clear. As you know, a 12 per cent holding in Rio Tinto plc has been
taken by the Aluminum Corporation of China (Chinalco). This is not something we solicited, but the acquisition, at a premium to
the then prevailing market price, gives directional support to our view on Rio Tinto’s value.
We shall therefore continue on our course of creating value for shareholders and the board will not engage in discussion with any
party whose proposals do not fully value Rio Tinto. This would need to reflect a significant premium to what we can achieve
ourselves — so far we have not seen that. In the meantime the momentum in our business continues to develop strongly.
[8. Strong in Australia]
Strong in Australia
A lot of that momentum comes from our activities in Australia, a country enjoying strong economic growth from its mineral
endowment.
Rio Tinto is in the forefront of national wealth creation that adds value to the economy in the form of wages, taxes, royalties and
interest, as well as profits distributed to shareholders.
Our pioneering dual listed companies’ structure has proved a very strong platform for growth and we have the capacity to do all
we need to do in our sector — Alcan was an example — but at the same time maintain our special relationship with Australia.
Rio Tinto’s focus on its Australian operations has intensified over recent years – with approximately 30 billion Australian dollars in
investment since 1998. Last year our value added in Australia amounted to 10 billion. Even more importantly we employ 17,000
people in well paid jobs in Australia.
Cont.../
Continues
Page 4 of 11
[9. Sustainable development]
Sustainable development
A successful business is one that is sustainable and meets all its legitimate stakeholders’ needs in the short term and the long
term.
By earning a good reputation for our care of the environment and contribution to social improvement and economic conditions of
local communities, all within a strong governance structure, we gain improved access to land, people and capital, the three critical
resources on which our business success is built.
Our demonstrated commitment to sustainable development is matched by Alcan’s. These common values are greatly assisting in
the integration of the two businesses.
Rio Tinto Alcan aims to be the sustainability leader in aluminium. It has consistently been at the forefront of developing the most
advanced smelting technology to reduce energy use and emissions. More than half of its electricity requirements come from clean
hydroelectric power which will prove an increasing competitive advantage in a carbon constrained world.
[10. Positive market outlook]
Economic outlook
Turning now to the outlook, market conditions in 2007 served to underline that strong demand for metals and minerals is
continuing.
There has clearly been a shift in the cyclical pattern of the industry, driven by demand from fast developing economies. This
presents mining companies with a potentially extended period of strong earnings. It is not only about demand – supply is
struggling to catch up and keep up, due to multiple constraints in the development of new production capacity.
Last year China’s economy expanded at its strongest pace in 13 years, marking the fifth year of double digit growth. Industrial
production there was up by 18.5 per cent and urban investment by 25 per cent. These are key aggregate indicators of China’s
industrialisation and urbanisation process.
Because of the developed world’s focus on the weakening economic situation in the US, there’s a perception that mining and
metals may face declining demand and a return to cyclical over capacity. This is not how we see it. Important as the US remains
to the world economy, it is not as pivotal as it once was to global demand for metals and minerals. For example, last year China
consumed more than half the world’s iron ore imports, and its total steel consumption was over three times that of the US.
We often think of China as being powered by exports, and particularly exports to the US. In terms of demand for our products, this
is not really the story any more. The direction has changed to one of accelerating internal demand driven by industrialisation and
urbanisation. We expect continuing double digit GDP growth in China in 2008 and metals demand to continue to rise at a rate well
above GDP growth. Even if an extended US recession were to materialise, our analysis shows it would reduce Chinese GDP only
marginally. It is not just a China story – other Asian economies, notably India, are poised for extended periods of growth.
We therefore remain very positive about the prospects for the industry, and for Rio Tinto in particular, given our outstanding
portfolio of assets.
Cont.../
Continues
Page 5 of 11
[11. Conclusion]
Conclusion
2007 was a transformational year for Rio Tinto. As we move through 2008 the extent of this change will become apparent as we
move to a new level of performance. This, in turn, will highlight the increased focus of our business on global leading positions in
products with strong fundamentals. We have established a new baseline for future value creation for shareholders.
Managing major strategic initiatives places strong extra demands on management and they have certainly risen to meet the
challenges. Satisfying the demands of customers, and developing new projects within tight timetables and budgets, puts
considerable pressure on every individual in the organisation.
Our record results in 2007 are very much a product of the commitment, dedication and hard work of all our people across the
world. On behalf of the board and you, our shareholders, I thank them for all they have done to deliver success in another record
year.
Let me now ask Tom to comment on our operational performance in 2007.
Tom, over to you.
[12. Tom Albanese slide]
Remarks by the chief executive, Tom Albanese
Thanks Paul, and good morning ladies and gentlemen.
Before I discuss our results, let me say something on safety. This remains the highest priority throughout Rio Tinto.
[13. Safety slide]
It is therefore deeply tragic that on 11 March we suffered the loss of ten people in a helicopter accident near the La Granja copper
project in Peru.
Rio Tinto is deeply saddened. Everything was done to assist the families of those on board. Bret Clayton, our Copper group chief
executive, other senior executives and I immediately visited the area to lend the support we could.
On 19 March all operations in the Rio Tinto Group worldwide observed a safety shutdown as a mark of respect for this tragic loss.
We also very much regret the four fatalities of contractor personnel at managed operations in 2007. Nevertheless 2007 did see a
continuation in improvement of our overall safety performance.
Overall we have a good safety record but we will never be complacent and will continue to work towards our goal of zero harm.
This is particularly important as we integrate Alcan and combine what are two strong safety cultures to drive further improvement.
Cont.../
Continues
Page 6 of 11
[14. Major investments, including Alcan]
Our company and our industry is going through very exciting and dynamic times. None of us can remember the mining industry so
buoyant and Rio Tinto being in such good shape.
We delivered record production for many of our key commodities. This was reinforced by our substantial investment in growth.
Major investments in growth projects made or approved in 2007 totalled an impressive 46 billion dollars.
Most of this was on the acquisition of Alcan for 38 billion, but it also includes construction of iron ore mines and infrastructure, and
investments in diamonds, alumina, coal and nickel.
Rio Tinto Alcan
The agreed takeover of Alcan in 2007 was a historic step with far reaching strategic benefits for Rio Tinto. I would like to thank
you, our shareholders, for supporting the transaction.
By combining Alcan with the existing Rio Tinto Aluminium business we have become a global leader in aluminium, We own
premier assets throughout the aluminium value chain, competitively positioned on the global cost curve, and integration of Alcan
into the Rio Tinto Group is well under way.
We have 25 aluminium smelters in 11 territories, most of which are located in OECD countries. Crucially, the production base
contains many of the world’s most modern and low cost smelters, fitted out with Rio Tinto Alcan’s industry leading AP Series
technology.
We are now a leader in aluminium industry technology, with the takeover of Alcan uniting two of the world’s top metallurgical and
research and development teams in a global drive to make aluminium the green metal for the 21st century.
We also own large and sustainable hydro-electric generating capacity of nearly 3,700 megawatts, much of which cannot be
duplicated. This is equivalent to an oilfield producing 175,000 barrels a day forever. It constitutes a significant competitive
advantage that will only increase in value over time.
The Aluminium group also has a strong project development portfolio. There are six projects planned or under way in bauxite and
alumina and seven more in aluminium.
When the deal with Alcan was announced we saw some 600 million dollars of cost savings being achievable. After further work
we have set ourselves the target of achieving after tax benefits of US$1.1 billion per year in synergies from the end of 2009.
[15. China fuels commodity markets]
Market environment
Turning to the wider commodity market environment, over the past five years the growth of China has created high expectations
with a fundamental shift in the global economy towards fast and resource intensive growth.
Cont.../
Continues
Page 7 of 11
Countries like China and India continue to industrialise, urbanise and expand their per capita GDP.
We expect these conditions to continue for some time. On top of this strong demand, supply growth continues to be constrained,
held back by decades of underinvestment by the mining industry in people, in exploration and resources, in mines and
infrastructure.
While demand bodes well for the future, we must remember that to keep our competitive edge we have to work faster at meeting
the world’s growing demand, better at leading and shaping our industry, and smarter at creating shareholder value.
This means investing in robust projects that will continue to be market leaders in decades to come.
[16. Another record year]
2007 results overview
Turning to the 2007 financial results, as we have seen, this was another excellent year, breaking production records for iron ore,
bauxite, alumina, aluminium, refined copper and refined gold, thus making the most of higher prices.
Price movements on all major commodities increased earnings by 1.4 billion dollars.
We completed four major iron ore projects in 2007 on time and within budget while at the same time achieving record output.
These were the expansion of the Tom Price and Yandicoogina mines; expansion of Dampier port, and completion of the first stage
of the Hope Downs project.
[17. Product group results]
Copper
The Copper group was our highest earner with a contribution to underlying earnings of 3.5 billion dollars, similar to record
earnings in 2006. Earnings in 2007 reflected higher sales of refined copper, and continuing strong copper, molybdenum and gold
markets. Positive co- product credits reduced our overall unit cash costs to less than zero.
Iron ore
Our Iron Ore group enjoyed a record breaking year. Underlying earnings rose 18 per cent and set an annual record, as did
production and sales. For safety performance this was also the best year on record, with a 35 per cent improvement in the lost
time injury frequency rate, despite new projects and a higher level of activity.
Aluminium
Aluminium’s results include Alcan businesses from 24 October. The product group’s contribution to underlying earnings was just
over one billion dollars, an increase of 47 per cent over 2006. On a comparable basis, the group achieved record aluminium
production. The increased earnings contribution was the result of higher aluminium prices and a one off reduction in Canadian tax
rates applying to the Alcan businesses.
Energy
In Energy, 2007 saw the re-emergence of uranium as an important contributor. We are the world’s second largest producer and
we saw a trebling of earnings from sharply rising prices realised at Rössing and ERA. In 2007 the biggest negative impact on
Energy earnings came from continuing, externally managed, infrastructure issues on the east coast of Australia. We hope to see
the new government in Australia begin to address this national issue as a matter of urgency.
Cont.../
Continues
Page 8 of 11
Diamonds and Industrial Minerals
Diamonds and Industrial Minerals performed well in 2007. The Diavik diamond mine, one of the world’s most profitable, had
record production and earnings. In Minerals, volume weakness in North America was offset by rising prices for borates and talc.
Titanium dioxide prices also firmed, and our ilmenite project in Madagascar is on track for first production at the end of this year.
[18. Portfolio and capital management]
Divestments
The acquisition of Alcan gave us the opportunity to refocus our portfolio.
This rebalancing of the portfolio also gives us the means of reducing the debt taken on for the Alcan acquisition.
We plan to reduce this debt more quickly by divesting assets that are no longer core to the enlarged Rio Tinto.
We originally set ourselves a target for asset sales of at least ten billion dollars. After further review this has been increased to at
least 15 billion. We aim to achieve ten billion in 2008, of which we have completed sales of 2.5 billion so far.
We have formal processes in place for all asset sales, and no shortage of interested parties.
[19. Project pipeline driving growth]
Major project developments
At the heart of our value case is the strength of our project pipeline. Our planned capital expenditure in 2008 and 2009 is nine
billion dollars in each year.
Our portfolio of projects allows us to target strong production growth in the three commodities that are key to the economic future
of China, and later India and other fast growing and industrialising economies of Asia: iron ore, copper and aluminium.
Ongoing projects include expansion at Kennecott Utah Copper in the US, new iron ore mines and port expansions in Australia,
underground development of our diamond mines, extension of coking coal production and re-entry into the nickel business.
In all, extending out to 2012, we have 34 key projects on the go which are expected to boost our production of key commodities.
Beyond 2012, we have a number of early stage and conceptual projects – La Granja copper, Simandou iron ore, Resolution
copper and Sulawesi Nickel, for example.
[20. Rio Tinto – a leader in exploration]
Exploration
Looking even further ahead we have strong growth opportunities generated from our exploration activities, both greenfield and
near mine. This is the most cost effective way of acquiring quality assets, and we are very good at it.
Cont.../
Continues
Page 9 of 11
It is often our ability to think creatively about an existing asset or a known prospect, which unlocks the opportunity to create value.
Resolution, Simandou, Potasio Rio Colorado and La Granja would be good recent examples. The recently announced one billion
tonne Chapudi coal resource in South Africa could be a future example.
We continue to invest at high levels in the area of exploration and evaluation, on which our total pre tax spend was 570 million
dollars in 2007.
[21. Forecast growth]
Strong prospects
Rio Tinto’s project pipeline and exploration capability, together with our proven project execution capability is the key to value
adding growth.
Based on our portfolio of projects, we estimate that the compound annual growth rate of our volumes from 2008 to 2015 is over
eight per cent per annum.
This is based on the volume growth rate of our individual products indexed into comparable monetary equivalents using
consensus long term prices.
This equates to growth in value, which is the key driver of Rio Tinto.
Volume growth from competitively positioned assets at a time of strong demand will lead to substantially enhanced returns for
shareholders. All our investments must pass a rigorous appraisal discipline before they are approved.
As I’ve said, we are in a unique position with strong demand for everything we produce – and we have the operations, prospects
and capabilities to deliver this growth.
Our current position in each of our three main products is very strong. We have large scale if not leading positions in each one of
them, with competitive operational costs in the first or lower second quartiles.
We have an excellent set of growth opportunities, with the potential to double or even treble the production of our key
commodities.
[22. Delivering today, positioned for the future]
Conclusion
Rio Tinto is therefore perfectly positioned to take advantage of the opportunities afforded by markets that are expected to remain
strong for decades to come.
We remain totally focused on value and I am resolved to make the business work faster at meeting the world’s growing demand,
better at leading and shaping our industry, and smarter at creating value for our shareholders.
Our 2007 results show that our growth is accelerating. Our planned investments are targeted to maintain this momentum.
Rio Tinto is about value. The value will come from leveraging our assets, our prospects, and our organisation in a very strong
market environment, while continuing our commitment to safety, and adhering to our sustainable development principles.
Cont.../
Continues
Page 10 of 11
And ultimately the value we create will belong to you our shareholders.
Thank you, and now I will hand you back to Paul.
The chairman resumes the formal part of the meeting
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed
public company, and Rio Tinto Limited, which is a public company listed on the Australian Securities Exchange.
Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds,
energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but
are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern
Africa.
Forward-Looking Statements
This announcement includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of
historical facts included in this announcement, including, without limitation, those regarding Rio Tinto’s financial position, business
strategy, plans and objectives of management for future operations (including development plans and objectives relating to Rio
Tinto’s products, production forecasts and reserve and resource positions), are forward-looking statements. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or
achievements of Rio Tinto, or industry results, to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Rio Tinto’s present and future business
strategies and the environment in which Rio Tinto will operate in the future. Among the important factors that could cause Rio
Tinto’s actual results, performance or achievements to differ materially from those in the forward-looking statements include,
among others, levels of actual production during any period, levels of demand and market prices, the ability to produce and
transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, operational
problems, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by
governmental authorities such as changes in taxation or regulation and such other risk factors identified in Rio Tinto’s most recent
Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “ SEC ”) or Form 6-Ks
furnished to the SEC. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance
should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this
announcement. Rio Tinto expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code
on Takeovers and Mergers (the “Takeover Code ”), the UK Listing Rules, the Disclosure and Transparency Rules of the Financial
Services Authority and the Listing Rules of the Australian Securities Exchange) to release publicly any updates or revisions to any
forward-looking statement contained herein to reflect any change in Rio Tinto’s expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is based.
Cont.../
Continues
Page 11 of 11
Nothing in this announcement should be interpreted to mean that future earnings per share of Rio Tinto plc or Rio Tinto Limited
will necessarily match or exceed its historical published earnings per share.
Subject to the requirements of the Takeover Code, none of Rio Tinto, any of its officers or any person named in this
announcement with their consent or any person involved in the preparation of this announcement makes any representation or
warranty (either express or implied) or gives any assurance that the implied values, anticipated results, performance or
achievements expressed or implied in forward-looking statements contained in this announcement will be achieved.
For further information, please contact:
Media Relations, Australia
Amanda Buckley
Office: +61 (0) 3 9283 3627
Mobile: +61 (0) 419 801 349
Ian Head
Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 408 360 101
Media Relations, London
Christina Mills
Office: +44 (0) 20 7781 1154
Mobile: +44 (0) 7825 275 605
Nick Cobban
Office: +44 (0) 20 7781 1138
Mobile: +44 (0) 7920 041 003
Media Relations, Americas
Nancy Ives
Mobile: +1 619 540 3751
Investor Relations, Australia
Dave Skinner
Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 408 335 309
Investor Relations, London
Nigel Jones
Office: +44 (0) 20 7781 2049
Mobile: +44 (0) 7917 227365
Simon Ellinor
Office: +61 (0) 7 3867 1607
Mobile: +61 (0) 439 102 811
David Ovington
Office: +44 (0) 20 7781 2051
Mobile: +44 (0) 7920 010 978
Investor Relations, North America
Jason Combes
Office: +1 (0) 801 685 4535
Mobile: +1 (0) 801 558 2645
Email: [email protected]
Website: www.riotinto.com
High resolution photographs available at: www.newscast.co.uk
Exhibit 99.6
Annual General Meeting 17 April 2008
Paul Skinner Chairman
October 2007 October 2007 October 2007
New directors Yves Fortier Paul Tellier Dick Evans 3
2007 — records across the board Record underlying earnings of US$7.4 billion, up 1%
Record cash flow from operations of US$12.6 billion, up 15%
Record capital investment of US$5.0 billion, up 25%
Record new capital commitments US$8 billion announced
Dividend increased by 31% for the 2007 year –
commitment to further 20%+ increases in 2008 and in 2009
Progressive dividend policy
Strategic fit of Alcan deal
acquired iron life, alongside ongoing long assets assets large, leader, on assets aluminium sector non-core focus quality copper of and Strategy competitive High Aluminium ore Disposal
BHp Billiton Offer rejected on value grounds
Unsolicited “pre-conditional” offer
Rejected on value grounds after full consideration
Fails to recognise Rio tinto’s outstanding prospects
Rio Tinto perfodrming strongly under talented management
Chinalco inivestment of 12% in Rio Tinto plc
remain Committed to existing strategy
Strong in Australia
1998 over 2007 wealth since in billion billion Australia employment national operations A$30 A$10 in to significant about of Aboriginal years added employees in of Contribution many Base Invested Value 17,000 Leader
Sustainable development
values Tinto reduce to Rio commitment a of this technology use/emissions power advantage component shares hydro Key Alcan Smelting energy Clean competitive
Positive market outlook
growth trend markets West positioned Indian by demand financial well and affected strong from Chinese less portfolio Multi-decade Differentiated Tinto Strong Demand Rio
10
Conclusion
trajectory well success performing year creation delivering team transformational earnings/value management employees a new Strong Committed 2007 A
11
Tom Albanese Chief executive
2007 Safety is core to our business Decline in injury frequency rates 1998 worked Per 200 000 hours
13
Major investments, including Alcan
Alcan acquisition US$38 billion US$46 billion in growth projects – Global leader with premier assets Leader in aluminium technology Sustainable hydro energy Strong development portfolio Synergies could yield US$1.1 billion
14
China continues to fuel commodity markets
High expectations fuelled by sustained demand
fundamental shift in world economy
Conditions will continue for some time
Need to invest in market leaders
15
Another record year iron ore, bauxite, alumina, aluminium, refined copper and gold Record production in – – – Higher prices increased earnings by US$1.4 billion Projects on time, within budget
16
Product group results EARNINGS US$3.5 billion US$2.6 billion US$1.0 billion US$484 million US$488 million set records Diavik earnings up 47% on record output –highest earner on strong sales and prices earnings rose 18% for record year — resurgent
uranium the headline earner – - – Diamonds and Minerals Copper Iron ore Aluminium Energy
17
Portfolio and capital management
· aluminium
· Tinto copper, complete Rio ore, levels already iron debt transforming – disposals portfolio reducing of acquisition the Divestments billion Alcan Focusing US$2.5
18
Project pipeline driving growth
19
Rio Tinto – a leader in exploration
20
Strong forecast growth in total producton
for 2008. volume is rebased to 100 multiplied by long term analyst consensus prices. Total production attributable production. Figures are based on estimated yearly production levels total Commodities included for Rio Tinto: Aluminium, alumina, iron ore,
export thermal coal, export metallurgical coal, copper, gold, silver, molybdenum, and uranium. Rio Tinto production source: Rio Tinto. Production is
21
Delivering today, strongly positioned forgrowth in the future
· demand industry value growing our world’s shaping shareholder the and meeting leading creating at at at SMARTER FASTER BETTER
22
Annual General Meeting 2008
17 April 2008
23
Exhibit 99.7
Rio Tinto plc
5 Aldermanbury Square
London EC2V 7HR
United Kingdom
T +44 ( 0 ) 20 7781 2000
F +44 ( 0 ) 20 7781 1800
Press release
Rio Tinto plc Results of voting at 2008 annual general meeting
17 April 2008
The Annual General Meeting of Rio Tinto plc was held on 17 April 2008.
Under Rio Tinto’s dual listed companies structure established in 1995, decisions on significant matters affecting shareholders of
Rio Tinto plc and Rio Tinto Limited in similar ways are taken through a joint electoral procedure.
Resolutions 1 to 10 and 16 of the Rio Tinto plc annual general meeting fall into this category, and the results of the voting on these
resolutions will be announced shortly after the Rio Tinto Limited annual general meeting which will be held in Australia on 24
April 2008.
The remaining resolutions 11 to 15 were put to Rio Tinto plc shareholders on a poll at the annual general meeting and the results
as certified by the scrutineers, Computershare Investor Services PLC, were as follows:
Resolutions
11.
12.
13.
14.
For
%
Against
%
Vote
withheld
Approval of the use of
e-communications for
shareholder materials
625,836,411
99.91
533,922
0.09
649,615
Authority to allot relevant
securities under
Section 80 of the
Companies Act 1985
620,178,335
99.01
6,231,152
0.99
623,899
Authority to allot equity
securities for cash under
Section 89 of the
Companies Act 1985
624,464,785
99.68
2,032,298
0.32
536,303
Authority to purchase Rio
Tinto plc shares by the
Company or Rio Tinto
Limited
626,562,454
99.97
180,230
0.03
290,705
Continues
Page 2 of 2
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed
public company, and Rio Tinto Limited, which is a public company listed on the Australian Securities Exchange.
Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds,
energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but
are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern
Africa.
For further information, please contact:
Media Relations, Australia
Amanda Buckley
Office: +61 (0) 3 9283 3627
Mobile: +61 (0) 419 801 349
Ian Head
Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 408 360 101
Media Relations, London
Christina Mills
Office: +44 (0) 20 7781 1154
Mobile: +44 (0) 7825 275 605
Nick Cobban
Office: +44 (0) 20 7781 1138
Mobile: +44 (0) 7920 041 003
Media Relations, Americas
Nancy Ives
Mobile: +1 619 540 3751
Investor Relations, Australia
Dave Skinner
Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 408 335 309
Investor Relations, London
Nigel Jones
Office: +44 (0) 20 7781 2049
Mobile: +44 (0) 7917 227365
Simon Ellinor
Office: +61 (0) 7 3867 1607
Mobile: +61 (0) 439 102 811
David Ovington
Office: +44 (0) 20 7781 2051
Mobile: +44 (0) 7920 010 978
Investor Relations, North America
Jason Combes
Office: +1 (0) 801 685 4535
Mobile: +1 (0) 801 558 2645
Email: [email protected]
Exhibit 99.8
120 Collins Street
Melbourne 3000
Australia
T +61 (0) 3 9283 3333
F +61 (0) 3 9283 3707
Press release
Rio Tinto welcomes High Court decision on Shovelanna lease
18 April 2008
Commenting on today’s High Court decision regarding the Shovelanna deposit, Rio Tinto Iron Ore chief executive Sam Walsh
said:
“This decision is welcomed by Rio Tinto. It confirms that due process was followed by the Western Australian Minister for
Resources. Since 2003 Rio Tinto Iron Ore has committed more than US$7 billion to expand its annual iron ore export capacity to
220 million tonnes by 2009.
“Today’s decision is important in ensuring the continuity of our operations well into the future, as we progress towards achieving
320 Mtpa capacity in 2012.”
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London listed company, and
Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds,
energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but
are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern
Africa.
Forward-Looking Statements
This announcement includes forward-looking statements. All statements other than statements of historical facts included in this
announcement, including, without limitation, those regarding Rio Tinto’s financial position, business strategy, plans and objectives
of management for future operations (including development plans and objectives relating to Rio Tinto’s products, production
forecasts and reserve and resource positions), are forward-looking statements. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Rio Tinto,
or industry results, to be materially different from any future results, performance or achievements expressed or implied by such
forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Rio Tinto’s present and future business
strategies and the environment in which Rio Tinto will operate in the future. Among the important factors that could cause Rio
Tinto’s actual results, performance or achievements to differ materially from those in the forward-looking statements include,
among others, levels of demand and market prices, the ability
Continues
Page 2 of 2
to produce and transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs,
operational problems, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors,
activities by governmental authorities such as changes in taxation or regulation and such other risk factors identified in Rio Tinto’s
most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “ SEC ”) or Form
6-Ks furnished to the SEC. Forward-looking statements should, therefore, be construed in light of such risk factors and undue
reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this
announcement. Rio Tinto expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code
on Takeovers and Mergers (the “ Takeover Code ”), the UK Listing Rules, the Disclosure and Transparency Rules of the
Financial Services Authority and the Listing Rules of the Australian Securities Exchange) to release publicly any updates or
revisions to any forward-looking statement contained herein to reflect any change in Rio Tinto’s expectations with regard thereto
or any change in events, conditions or circumstances on which any such statement is based.
Nothing in this announcement should be interpreted to mean that future earnings per share of Rio Tinto plc or Rio Tinto Limited
will necessarily match or exceed its historical published earnings per share.
Subject to the requirements of the Takeover Code, none of Rio Tinto, any of its officers or any person named in this
announcement with their consent or any person involved in the preparation of this announcement makes any representation or
warranty (either express or implied) or gives any assurance that the implied values, anticipated results, performance or
achievements expressed or implied in forward-looking statements contained in this announcement will be achieved.
For further information, please contact:
Media Relations, Australia
Gervase Greene
Office: +61 (0) 8 9327 2975
Mobile: +61 (0) 408 098 572
Amanda Buckley
Office: +61 (0) 3 9283 3627
Mobile: +61 (0) 419 801 349
Media Relations, London
Christina Mills
Office: +44 (0) 20 8080 1306
Mobile: +44 (0) 7825 275 605
Nick Cobban
Office: +44 (0) 20 8080 1305
Mobile: +44 (0) 7920 041 003
Media Relations, Americas
Nancy Ives
Mobile: +1 619 540 3751
Investor Relations, Australia
Dave Skinner
Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 408 335 309
Simon Ellinor
Office: +61 (0) 7 3867 1607
Mobile: +61 (0) 439 102 811
Investor Relations, London
Nigel Jones
Office: +44 (0) 20 7781 2049
Mobile: +44 (0) 7917 227365
David Ovington
Office: +44 (0) 20 7781 2051
Mobile: +44 (0) 7920 010 978
Exhibit 99.9
Rio Tinto plc
5 Aldermanbury Square
London EC2V 7HR
United Kingdom
T +44 (0) 20 7781 2000
F +44 (0) 20 7781 1800
Press release
Rio Tinto Limited AGM
24 April 2008
The Rio Tinto Limited annual general meeting was held on Thursday, 24 April 2008 in Brisbane.
The speeches by the chairman and the chief executive are below.
Opening remarks by the chairman, Paul Skinner
Good morning ladies and gentlemen. I am very pleased to welcome you to this year’s Annual General Meeting.
Before we go any further there will be a short safety briefing. This is something Rio Tinto takes very seriously and I would ask that
you all listen carefully.
Directors
All your directors are present at today’s meeting.
Following the acquisition of Alcan we are especially pleased to welcome Yves Fortier and Paul Tellier who are standing for
election to the board as non executive directors, and Dick Evans, chief executive of Rio Tinto Alcan, as an executive director. This
strong representation from Canada will provide important continuity in the integration of Alcan and brings valuable new
perspectives to the board.
Members of the board who are standing for re-election today are Tom Albanese, Vivienne Cox, Richard Goodmanson and myself.
As we announced last year, Sir Richard Sykes, currently the senior independent director, will retire after this year’s annual general
meetings after ten years on the board. I take this opportunity of recognising his valuable contribution to Rio Tinto over that period,
for which we thank him. Andrew Gould, currently chairman of the Audit committee , will become the senior independent director on
Richard’s retirement and will become chairman of the Remuneration committee . Sir David Clementi will replace Andrew as
chairman of the Audit committee . These changes are planned to take effect at the conclusion of the 2008 annual general
meetings.
Ill health led to the resignation of Ashton Calvert from the board in November and we were deeply saddened to hear of his death
shortly afterwards. Ashton joined the boards in 2005 following a long and distinguished career in the Australian foreign service
before his last role as secretary at the Department of Foreign Affairs and Trade. He made a major contribution to Rio Tinto and
provided valuable insights across a range of major strategic issues, notably in relation to our businesses in Australia and Asia. He
was an inspiring colleague and we miss him greatly.
Continues
Page 2 of 10
During 2007 we also achieved a seamless transition in our executive leadership with Tom Albanese taking over as chief executive
on 1 May. Retaining continuity and stability during a change of leadership does not just happen — it is the result of careful
planning and management focus.
It is testament to the quality of our leadership team that they have delivered a string of records during the year against the
backdrop of heightened corporate activity. We are very fortunate to have one of the strongest management teams in the
resources sector.
Results and dividend
Rio Tinto is about value creation and business excellence and we remain committed to both.
I am pleased to say that the Group had another record year in 2007, with continuing strong demand and prices for our products.
Our underlying earnings in 2007 were a record US$7.4 billion, one per cent above 2006.
Net earnings were $7.3 billion, and cash flow from operations increased 15 per cent to a record $12.5 billion. We are currently
generating around a billion dollars a month in cash.
Total dividends declared for 2007 of 136 US cents per share represent an increase of 31 per cent over the 2006 dividend.
Reflecting our confidence in the continuing growth of the business, we have committed to further total increases in the dividend of
at least 20 per cent in each of 2008 and 2009.
We have always said that our first priority for excess capital after our reinvestment in profitable growth is the ordinary dividend,
and we are pleased to reinforce this commitment to our shareholders.
Our confidence is also reflected in our planned capital expenditure in 2008 and 2009 — indicatively around nine billion dollars in
each year, including the commitments we have made to Rio Tinto Alcan’s growth projects. We have many opportunities to grow
our business from our expanded asset base.
Strategy
Our strategy to add value over time is characterised by consistency and simplicity — we aim to invest in large, long life, cost
competitive assets.
The acquisition of Alcan is an excellent example. Against a background of strengthening aluminium prices we have created a
global leader in this sector, with high quality assets in all phases of aluminium production.
Similarly, our ongoing investments in iron ore production and infrastructure, and our plans for investment in a series of large, long
term copper projects are targeted to create significant value over time. Tom will say more about this.
We have also committed to a programme of disposal of non core assets which will lower our debt level and create the opportunity
to focus our business on world class, market leading positions. This is progressing well.
BHP Billiton offer
Continues
Page 3 of 10
We have an outstanding portfolio of assets, our business is performing very strongly and is very well managed by a talented team.
We have taken many opportunities to explain this to the shareholders and the financial community over recent months and I
believe the intrinsic value of Rio Tinto is becoming increasingly clear. As you know, a 12 per cent holding in Rio Tinto plc has been
taken by the Aluminium Corporation of China (Chinalco). This is not something we solicited, but the acquisition, at a premium to
the then prevailing market price, gives directional support to our view on Rio Tinto’s value.
We shall therefore continue on our course of creating value for shareholders and the board will not engage in discussion with any
party whose proposals do not fully value Rio Tinto. This would need to reflect a significant premium to what we can achieve
ourselves — so far we have not seen that. In the meantime the momentum in our business continues to develop strongly.
Strong in Australia
A lot of that momentum comes from our activities in Australia — Queensland is one of our major operational hubs.
In Australia Rio Tinto is in the forefront of national wealth creation that adds value to the economy in the form of wages, taxes,
royalties and interest, as well as profits distributed to shareholders. Brisbane hosts our global Technology and Innovation group
where we are developing a global position of technical leadership through our Mine of the Future programme. We also have a
strong base in Melbourne, and Perth hosts Rio Tinto’s dynamic global Iron Ore business.
Our pioneering dual listed companies’ structure has proved a very strong platform for growth and we have the capacity to do all
we need to do in our sector — Alcan was an example — but at the same time maintain our special relationship with Australia.
Rio Tinto’s focus on its Australian operations has intensified over recent years — with approximately 30 billion Australian dollars in
investment since 1998. Last year our value added in Australia amounted to 10 billion. Even more importantly we employ 17,000
people in well paid jobs in Australia and are the largest private sector employer of Aboriginal people.
Rio Tinto has also led the introduction to Australia of new competencies in mining — such as the first modern Aboriginal land
access agreements. We are very focused on these important community relationships.
We firmly believe that, through our stewardship and development of Australia’s natural resources, we have demonstrated a full
commitment to Australia. A truly global company will seek to achieve that objective in every country in which it operates.
Sustainable development
A successful business is one that is sustainable and meets all its legitimate stakeholders’ needs in the short term and the long
term.
By earning a good reputation for our care of the environment and contribution to social improvement and economic conditions of
local communities, all within a strong governance structure, we gain improved access to land, people and capital, the three critical
resources on which our business success is built.
Our demonstrated commitment to sustainable development is matched by Alcan’s. These common values are greatly assisting in
the integration of the two businesses.
Continues
Page 4 of 10
Economic outlook
Turning now to the outlook, market conditions in 2007 served to underline that strong demand for metals and minerals is
continuing.
There has clearly been a shift in the cyclical pattern of the industry, driven by demand from fast developing economies. This
presents mining companies with a potentially extended period of strong earnings. It is not only about demand — supply is
struggling to catch up and keep up, due to multiple constraints in the development of new production capacity.
Last year China’s economy expanded at its strongest pace in 13 years, marking the fifth year of double digit growth. Industrial
production there was up by 18.5 per cent and urban investment by 25 per cent. These are key aggregate indicators of China’s
industrialisation and urbanisation process.
Because of the developed world’s focus on the weakening economic situation in the US, there’s a perception that mining and
metals may face declining demand and a return to cyclical over capacity. This is not how we see it. Important as the US remains
to the world economy, it is not as pivotal as it once was to global demand for metals and minerals. For example, last year China
consumed more than half the world’s iron ore imports, and its total steel consumption was over three times that of the US.
We often think of China as being powered by exports, and particularly exports to the US. In terms of demand for our products, this
is not really the story any more. The direction has changed to one of accelerating internal demand driven by industrialisation and
urbanisation. We expect continuing double digit GDP growth in China in 2008 and metals demand to continue to rise at a rate well
above GDP growth. Even if an extended US recession were to materialise, our analysis shows it would reduce Chinese GDP only
marginally. It is not just a China story — other Asian economies, notably India, are poised for extended periods of growth.
We therefore remain very positive about the prospects for the industry, and for Rio Tinto in particular, given our outstanding
portfolio of assets.
Conclusion
2007 was a transformational year for Rio Tinto. As we move through 2008 the extent of this change will become apparent as we
move to a new level of performance. This, in turn, will highlight the increased focus of our business on global leading positions in
products with strong fundamentals. We have established a new baseline for future value creation for shareholders.
Managing major strategic initiatives places strong extra demands on management and they have certainly risen to meet the
challenges. Satisfying the demands of customers, and developing new projects within tight timetables and budgets, puts
considerable pressure on every individual in the organisation.
Our record results in 2007 are very much a product of the commitment, dedication and hard work of all our people across the
world. On behalf of the board and you, our shareholders, I thank them for all they have done to deliver success in another record
year.
Remarks by the chief executive, Tom Albanese
Before I discuss our results, let me say something on safety. This remains the highest priority throughout Rio Tinto.
Continues
Page 5 of 10
Rio Tinto is deeply saddened. Everything was done to assist the families of those on board. Bret Clayton, our Copper group chief
executive, other senior executives and I immediately visited the area to lend the support we could.
On 19 March all operations in the Rio Tinto Group worldwide observed a safety shutdown as a mark of respect for this tragic loss.
We also very much regret the four fatalities of contractor personnel at managed operations in 2007. Nevertheless 2007 did see a
continuation in improvement of our overall safety performance.
Overall we have a good safety record but we will never be complacent and will continue to work towards our goal of zero harm.
This is particularly important as we integrate Alcan and combine what are two strong safety cultures to drive further improvement.
Our company and our industry is going through very exciting and dynamic times. None of us can remember the mining industry so
buoyant and Rio Tinto being in such good shape.
We delivered record production for many of our key commodities. This was reinforced by our substantial investment in growth.
Major investments in growth projects made or approved in 2007 totalled an impressive $46 billion.
Most of this was on the acquisition of Alcan for $38 billion, but it also includes construction of iron ore mines and infrastructure,
and investments in diamonds, alumina, coal and nickel.
Rio Tinto Alcan
The agreed takeover of Alcan in 2007 was a historic step with far reaching strategic benefits for Rio Tinto. I would like to thank
you, our shareholders, for supporting the transaction.
By combining Alcan with the existing Rio Tinto Aluminium business we have become a global leader in aluminium, We own
premier assets throughout the aluminium value chain, competitively positioned on the global cost curve, and integration of Alcan
into the Rio Tinto Group is well under way.
We have 25 aluminium smelters in 11 territories, most of which are located in OECD countries. Crucially, the production base
contains many of the world’s most modern and low cost smelters, fitted out with Rio Tinto Alcan’s industry leading AP Series
technology.
We are now a leader in aluminium industry technology, with the takeover of Alcan uniting two of the world’s top metallurgical and
research and development teams in a global drive to make aluminium the green metal for the 21st century.
We also own large and sustainable hydro-electric generating capacity of nearly 3,700 megawatts, much of which cannot be
duplicated. This is equivalent to an oilfield producing 175,000 barrels a day forever. It constitutes a significant competitive
advantage that will only increase in value over time.
The Aluminium group also has a strong project development portfolio. There are six projects planned or under way in bauxite and
alumina and seven more in aluminium.
When the deal with Alcan was announced we saw some 600 million dollars of cost savings being achievable. After further work
we have set ourselves the target of achieving after tax benefits of US$1.1 billion per year in synergies from the end of 2009.
Continues
Page 6 of 10
Market environment
Turning to the wider commodity market environment, over the past five years the growth of China has created high expectations
with a fundamental shift in the global economy towards fast and resource intensive growth.
Countries like China and India continue to industrialise, urbanise and expand their per capita GDP.
We expect these conditions to continue for some time. On top of this strong demand, supply growth continues to be constrained,
held back by decades of underinvestment by the mining industry in people, in exploration and resources, in mines and
infrastructure.
While demand bodes well for the future, we must remember that to keep our competitive edge we have to work faster at meeting
the world’s growing demand, better at leading and shaping our industry, and smarter at creating shareholder value.
This means investing in robust projects that will continue to be market leaders in decades to come.
2007 results overview
Turning to the 2007 financial results, as we have seen, this was another excellent year, breaking production records for iron ore,
bauxite, alumina, aluminium, refined copper and refined gold, thus making the most of higher prices.
Price movements on all major commodities increased earnings by 1.4 billion dollars.
We completed four major iron ore projects in 2007 on time and within budget while at the same time achieving record output.
These were the expansion of the Tom Price and Yandicoogina mines; expansion of Dampier port, and completion of the first stage
of the Hope Downs project.
Copper
The Copper group was our highest earner with a contribution to underlying earnings of $3.5 billion, similar to record earnings in
2006. Earnings in 2007 reflected higher sales of refined copper, and continuing strong copper, molybdenum and gold markets.
Positive co- product credits reduced our overall unit cash costs to less than zero.
Iron ore
Our Iron Ore group enjoyed a record breaking year. Underlying earnings rose 18 per cent and set an annual record, as did
production and sales. For safety performance this was also the best year on record, with a 35 per cent improvement in the lost
time injury frequency rate, despite new projects and a higher level of activity.
Aluminium
Aluminium’s results include Alcan businesses from 24 October. The product group’s contribution to underlying earnings was just
over one billion dollars, an increase of 47 per cent over 2006. On a comparable basis, the group achieved record aluminium
Continues
Page 7 of 10
Diamonds and Industrial Minerals
Diamonds and Industrial Minerals performed well in 2007. The Diavik diamond mine, one of the world’s most profitable, had
record production and earnings. In Minerals, volume weakness in North America was offset by rising prices for borates and talc.
Titanium dioxide prices also firmed, and our ilmenite project in Madagascar is on track for first production at the end of this year.
Divestments
The acquisition of Alcan gave us the opportunity to refocus our portfolio.
This rebalancing of the portfolio also gives us the means of reducing the debt taken on for the Alcan acquisition.
We plan to reduce this debt more quickly by divesting assets that are no longer core to the enlarged Rio Tinto.
We originally set ourselves a target for asset sales of at least $10 billion. After further review this has been increased to at least
$15 billion. We aim to achieve $10 billion in 2008, of which we have completed sales of $2.5 billion so far.
We have formal processes in place for all asset sales, and no shortage of interested parties.
Major project developments
At the heart of our value case is the strength of our project pipeline. Our planned capital expenditure in 2008 and 2009 is $9 billion
in each year.
Our portfolio of projects allows us to target strong production growth in the three commodities that are key to the economic future
of China, and later India and other fast growing and industrialising economies of Asia: iron ore, copper and aluminium.
Ongoing projects include expansion at Kennecott Utah Copper in the US, new iron ore mines and port expansions in Australia,
underground development of our diamond mines, extension of coking coal production and re-entry into the nickel business.
In all, extending out to 2012, we have 34 key projects on the go which are expected to boost our production of key commodities.
Beyond 2012, we have a number of early stage and conceptual projects — La Granja copper, Simandou iron ore, Resolution
copper and Sulawesi Nickel, for example.
Exploration
Looking even further ahead we have strong growth opportunities generated from our exploration activities, both greenfield and
near mine. This is the most cost effective way of acquiring quality assets, and we are very good at it.
It is often our ability to think creatively about an existing asset or a known prospect, which unlocks the opportunity to create value.
Resolution, Simandou, Potasio Rio Colorado and La Granja would be good recent examples. The recently announced one billion
tonne Chapudi coal resource in South Africa could be a future example.
Continues
Page 8 of 10
Based on our portfolio of projects, we estimate that the compound annual growth rate of our volumes from 2008 to 2015 is over
eight per cent per annum.
This is based on the volume growth rate of our individual products indexed into comparable monetary equivalents using
consensus long term prices.
This equates to growth in value, which is the key driver of Rio Tinto.
Volume growth from competitively positioned assets at a time of strong demand will lead to substantially enhanced returns for
shareholders. All our investments must pass a rigorous appraisal discipline before they are approved.
As I’ve said, we are in a unique position with strong demand for everything we produce — and we have the operations, prospects
and capabilities to deliver this growth.
Our current position in each of our three main products is very strong. We have large scale if not leading positions in each one of
them, with competitive operational costs in the first or lower second quartiles.
We have an excellent set of growth opportunities, with the potential to double or even treble the production of our key
commodities.
Conclusion
Rio Tinto is therefore perfectly positioned to take advantage of the opportunities afforded by markets that are expected to remain
strong for decades to come.
We remain totally focused on value and I am resolved to make the business work faster at meeting the world’s growing demand,
better at leading and shaping our industry, and smarter at creating value for our shareholders.
Our 2007 results show that our growth is accelerating. Our planned investments are targeted to maintain this momentum.
Rio Tinto is about value. The value will come from leveraging our assets, our prospects, and our organisation in a very strong
market environment, while continuing our commitment to safety, and adhering to our sustainable development principles.
And ultimately the value we create will belong to you our shareholders.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed
public company, and Rio Tinto Limited, which is a public company listed on the Australian Securities Exchange.
Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds,
energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but
are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern
Africa.
Forward-Looking Statements
Continues
Page 9 of 10
achievements of Rio Tinto, or industry results, to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Rio Tinto’s present and future business
strategies and the environment in which Rio Tinto will operate in the future. Among the important factors that could cause Rio
Tinto’s actual results, performance or achievements to differ materially from those in the forward-looking statements include,
among others, levels of actual production during any period, levels of demand and market prices, the ability to produce and
transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, operational
problems, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by
governmental authorities such as changes in taxation or regulation and such other risk factors identified in Rio Tinto’s most recent
Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “ SEC ”) or Form 6-Ks
furnished to the SEC. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance
should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this
announcement. Rio Tinto expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code
on Takeovers and Mergers (the “ Takeover Code ”), the UK Listing Rules, the Disclosure and Transparency Rules of the
Financial Services Authority and the Listing Rules of the Australian Securities Exchange) to release publicly any updates or
revisions to any forward-looking statement contained herein to reflect any change in Rio Tinto’s expectations with regard thereto
or any change in events, conditions or circumstances on which any such statement is based.
Nothing in this announcement should be interpreted to mean that future earnings per share of Rio Tinto plc or Rio Tinto Limited
will necessarily match or exceed its historical published earnings per share.
Subject to the requirements of the Takeover Code, none of Rio Tinto, any of its officers or any person named in this
announcement with their consent or any person involved in the preparation of this announcement makes any representation or
warranty (either express or implied) or gives any assurance that the implied values, anticipated results, performance or
achievements expressed or implied in forward-looking statements contained in this announcement will be achieved.
Continues
Page 10 of 10
For further information, please contact:
Media Relations, Australia
Amanda Buckley
Office: +61 (0) 3 9283 3627
Mobile: +61 (0) 419 801 349
Media Relations, London
Christina Mills
Office: +44 (0) 20 7781 1154
Mobile: +44 (0) 7825 275 605
Ian Head
Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 408 360 101
Nick Cobban
Office: +44 (0) 20 7781 1138
Mobile: +44 (0) 7920 041 003
Media Relations, Americas
Nancy Ives
Mobile: +1 619 540 3751
Investor Relations, Australia
Dave Skinner
Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 408 335 309
Investor Relations, London
Nigel Jones
Office: +44 (0) 20 7781 2049
Mobile: +44 (0) 7917 227365
Simon Ellinor
Office: +61 (0) 7 3867 1607
Mobile: +61 (0) 439 102 811
David Ovington
Office: +44 (0) 20 7781 2051
Mobile: +44 (0) 7920 010 978
Investor Relations, North America
Jason Combes
Office: +1 (0) 801 685 4535
Mobile: +1 (0) 801 558 2645
Email: [email protected]
Website: www.riotinto.com
High resolution photographs available at: www.newscast.co.uk
Exhibit 99.10
Rio Tinto plc
2 Eastbourne Terrace
London W2 6LG
United Kingdom
T +44 (0) 20 7781 2000
F +44 (0) 20 7781 1800
Press release
Poll results for Rio Tinto plc & Rio Tinto Limited — AGM 2008
RIO TINTO PLC
Held on Thursday, 17 April 2008 at
11.00 am
Churchill Auditorium,
The Queen Elizabeth II Conference Centre
Broad Sanctuary
London SW1
United Kingdom
RIO TINTO LIMITED
Held on Thursday, 24 April 2008 at
9.30am
Ballroom Le Grand,
Level 2, Sofitel Brisbane
249 Turbot Street
Brisbane
Queensland
In accordance with the Combined Code provision D.2.2 as revised (June 2006) by the Financial Reporting Council, the votes held
on a poll were cast as follows:
Joint Electorate Decisions
The following ordinary resolutions, which were put to Rio Tinto plc and Rio Tinto Limited shareholders on a poll at the respective
annual general meetings, were subject to the joint electoral procedure and the aggregate results of the joint polls were as follows:
RESOLUTION
To receive the financial
statements and the reports of
the directors and auditors for
the full year ended 31
December 2007 (1)
FOR (3)
770,670,941
%
99.90
AGAINST
738,091
%
VOTE
WITHHELD
0.10
354,114
1.03
15,943,341
In respect of the above resolution, a total of 771,629,512 votes were voted by proxy appointments
Approval of the Remuneration
report (1)
748,025,964
98.97
7,792,951
In respect of the above resolution, a total of 756,041,020 votes were voted by proxy appointments
In respect of the above resolution, a total of 771,598,884 votes were voted by proxy appointments
Continues
Page 2 of 3
RESOLUTION
Re-election of Vivienne Cox (1)
FOR (3)
761,940,951
%
98.91
AGAINST
8,394,394
%
VOTE
WITHHELD
1.09
1,429,150
1.21
1,554,719
0.47
375,036
0.3
0 611,178
In respect of the above resolution, a total of 770,554,864 votes were voted by proxy appointments
Re-election of Richard Goodmanson
760,906,366
(1)
98.79
9,303,042
In respect of the above resolution, a total of 770,428,790 votes were voted by proxy appointments
Re-election of Paul Skinner (1)
767,753,446
99.53
3,633,754
In respect of the above resolution, a total of 771,594,500 votes were voted by proxy appointments
Re-appointment of
PricewaterhouseCoopers LLP as
auditors of Rio Tinto plc and to
authorise the Audit committee to
determine their remuneration (1)
768,847,567
99.70
2,304,228
In respect of the above resolution, a total of 771,361,609 votes were voted by proxy appointments
Resolutions put to the Rio Tinto plc meeting only
RESOLUTION
Approval of the use of ecommunications for
shareholder materials (2)
FOR (3)
625,836,411
%
99.91
AGAINST
533,922
%
VOTE
WITHHELD
0.09
649,615
0.99
623,899
In respect of the above resolution, a total of 626,823,270 votes were voted by proxy appointments
Authority to allot relevant
securities under Section 80 of
the Companies Act 1985 (2)
620,178,335
99.01
6,231,152
In respect of the above resolution, a total of 626,854,903 votes were voted by proxy appointments
Articles of Association (2)
In respect of the above resolution, a total of 625,418,042 votes were voted by proxy appointments
Continues
Page 3 of 3
Resolution put to both the Rio Tinto plc and Rio Tinto Limited meetings
Class Rights Action
As a Class Rights Action, the following Special Resolution was passed separately at the Rio Tinto plc and at the Rio Tinto Limited
meetings. Under the dual listed companies structure, both resolutions require approval by shareholders for either resolution to be
deemed passed and take effect.
The result of the poll at the Rio Tinto plc meeting was as follows:
RESOLUTION
Amendments to the terms of the
DLC Dividend Shares (1)
FOR (3)
625,839,804
%
99.96
AGAINST
247,844
%
0.04
VOTE
WITHHELD
909,613
In respect of the above resolution, a total of 626,557,898 votes were voted by proxy appointments
The result of the poll at the Rio Tinto Limited meeting was as follows:
RESOLUTION
Amendments to the terms of the
DLC Dividend Shares (1)
FOR (3)
144,021,112
%
99.80
AGAINST
294,682
%
0.20
VOTE
WITHHELD
414,014
In respect of the above resolution, a total of 144,095,629 votes were voted by proxy appointments
Resolutions put to the Rio Tinto Limited meeting only
RESOLUTION
Renewal of on-market share
buyback authorities
FOR (3)
143,692,916
%
99.84
AGAINST
233,822
%
VOTE
WITHHELD
0.16
804,001
0.14
810,944
In respect of the above resolution, a total of 143,705,642 votes were voted by proxy appointments
Renewal of authorities to buy back
shares held by Rio Tinto plc
143,718,040
99.86
200,352
In respect of the above resolution, a total of 143,697,296 votes were voted by proxy appointments
Notes
997,914,806.
(6)
Total number of Rio Tinto Limited shares with voting rights in issue at 9.30am on 24 April 2008
was 456,815,943.