Nov 30 (Reuters) - Rio Tinto Ltd (RIO) :
- PROGRESSES STRATEGY TO STRENGTHEN, DECARBONISE AND GROW
- PILBARA IRON ORE SHIPMENTS (100% BASIS) OF 320 TO 335MT ARE EXPECTED IN 2023
- EXECUTIVES WILL OUTLINE PROJECTS UNDERWAY TO MEET CHALLENGING DECARBONISATION TARGETS TO HALVE SCOPE 1 & 2 EMISSIONS BY 2030
- SEES FY23 PILBARA IRON ORE (SHIPMENTS, 100% BASIS) OF 320 TO 335 MT
- MID-TERM CAPACITY REMAINING AT 345 TO 360MT FOR PILBARA IRON ORE SHIPMENTS (100% BASIS)
- SEES FY23 MINED COPPER PRODUCTION OF 550 TO 600 KT
- INCREMENTAL OPERATING EXPENDITURE ON BUILDING NEW TEAMS AND ENERGY EFFICIENCY INITIATIVES REMAINS AROUND $200 MILLION PER YEAR
- TARGETING INVESTMENT OF UP TO $3 BILLION/YEAR IN GROWTH TO MEET DEMAND INCLUDING OYU TOLGOI COPPER, RINCON LITHIUM AND SIMANDOU IRON ORE PROJECTS
- SEES 2023 PILBARA IRON ORE UNIT COST $21.0 - $22.5/TONNE
- SEES FY23 BAUXITE PRODUCTION OF 54 TO 57 MT
- SEES 2023 COPPER C1 UNIT COST 160 - 180 US CENTS/LB
- SEES 2023 UNIT COST GUIDANCE $21.0 - $22.5/TONNE FOR PILBARA IRON ORE
- SEES FY23 REFINED COPPER OF 180 TO 210 KT
- SEES FY23 ALUMINA PRODUCTION OF 7.7 TO 8.0 MT
- WORKING HARD TO DECARBONISE ASSETS AND PRODUCTS, AS WE INVEST TO GROW IN MATERIALS NEEDED FOR ENERGY TRANSITION
- DEPLOYMENTS ROLL-OUTS DELIVERING BENEFITS SUCH AS UP TO 5 MILLION TONNES OF PRODUCTION UPLIFT EXPECTED AT CO'S PILBARA IRON ORE ASSETS IN 2023
News: RIO Rio Tinto Says Pilbara Iron Ore Shipments (100% Basis) Of 320 To 335 MT Expected In 2023
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