Jan 16 (Reuters) - Rio Tinto Ltd (RIO) : QTRLY PILBARA IRON ORE...

Jan 16 (Reuters) - Rio Tinto Ltd (RIO) :

• QTRLY PILBARA IRON ORE SHIPMENTS (100% BASIS) 86.3 MT VERSUS 87.3 MT REPORTED LAST YEAR
• QTRLY ALUMINIUM PRODUCTION 846 KT VERSUS 783 KT REPORTED LAST YEAR
• QTRLY PILBARA IRON ORE PRODUCTION (100% BASIS) 87.5 MT VERSUS 89.5 MT REPORTED LAST YEAR
• QTRLY MINED COPPER PRODUCTION 160 KT VERSUS 131 KT REPORTED LAST YEAR
• QTRLY BAUXITE PRODUCTION 15.1 MT VERSUS 13.2 MT REPORTED LAST YEAR
• 2024 PRODUCTION GUIDANCE IS UNCHANGED SINCE DECEMBER 2023.
• EXPECTATIONS FOR PILBARA IRON ORE SHIPMENTS IN 2024 REMAIN AT 323 TO 338 MILLION TONNES
• EXPECT TO BE IN UPPER HALF OF 2023 COPPER C1 UNIT COSTS GUIDANCE RANGE OF 180 TO 200 US CENTS/LB
• THERE IS GOOD DEMAND FOR MATERIALS WE PRODUCE
• GUIDANCE FOR 2023 PILBARA IRON ORE UNIT CASH COSTS IS UNCHANGED
• COMMODITY PRICES FOUND SOME SUPPORT DURING QUARTER
• CONTINUE TO SEE STRONG PERFORMANCE FROM UNDERGROUND MINE FOR OYU TOLGOI
• WELL POSITIONED TO DELIVER OUR 2024 PRIORITIES, INCLUDING A FURTHER 5 MILLION TONNE UPLIFT AT OUR PILBARA OPERATIONS
• SEES 2024 PRODUCTION OF MINED COPPER 660 TO 720 KT
• SEES 2024 PRODUCTION OF BAUXITE 53 TO 56 MT
• OPERATION EXPECTED TO RAMP UP TO DELIVER AVERAGE MINED COPPER PRODUCTION OF 500KTPA (100% BASIS) BETWEEN 2028 AND 2036 FOR OYU TOLGOI
• SEES 2024 PRODUCTION OF ALUMINA 7.6 TO 7.9 MT
• CONSTRUCTION OF OUR WESTERN RANGE MINE IS CURRENTLY ON SCHEDULE
• PRODUCTION FROM NORTH RIM SKARN AT KENNECOTT IS NOW FORECAST TO COMMENCE IN Q1 OF 2025
• AT KENNECOTT, PROGRESS ON NORTH RIM SKARN (NRS) UNDERGROUND DEVELOPMENT AND INFRASTRUCTURE WAS IMPACTED BY A GROUND FALL EVENT
• AT KENNECOTT, FULL UNDERGROUND ACTIVITIES HAVE RESUMED, HOWEVER, PRODUCTION FROM NRS IS NOW FORECAST TO COMMENCE IN Q1 OF 2025
• CONTINUE TO BELIEVE THAT JADAR LITHIUM-BORATE PROJECT IN SERBIA HAS POTENTIAL TO BE A WORLD- CLASS ASSET
• AT RINCON LITHIUM PROJECT IN ARGENTINA, DEVELOPMENT OF THREE THOUSAND TONNE PER ANNUM LITHIUM CARBONATE STARTER PLANT IS ONGOING