July 19 (Reuters) - Rio Tinto Ltd (RIO) : QTRLY ALUMINIUM...

July 19 (Reuters) - Rio Tinto Ltd (RIO) :

• QTRLY ALUMINIUM PRODUCTION 814 KT VERSUS 731 KT REPORTED LAST YEAR
• QTRLY PILBARA IRON ORE PRODUCTION (100% BASIS) 81.3 MT VERSUS 78.6 MT REPORTED LAST YEAR
• QTRLY PILBARA IRON ORE SHIPMENTS (100% BASIS) 79.1 MT VERSUS 79.9 MT REPORTED LAST YEAR
• GUIDANCE FOR 2023 ALUMINA PRODUCTION HAS BEEN REDUCED TO 7.4 TO 7.7 MILLION TONNES
• GUIDANCE FOR 2023 REFINED COPPER HAS BEEN REDUCED TO 160 TO 190 THOUSAND TONNES
• ALTHOUGH COMMODITY PRICES REMAIN AT ELEVATED LEVELS, THEY DECLINED DURING Q2 AS GLOBAL DEMAND SLOWED
• GUIDANCE FOR 2023 IOC PRODUCTION HAS BEEN REDUCED TO 10.0 TO 11.0 MILLION TONNES
• EXPECT TO DELIVER SHIPMENTS IN UPPER HALF OF OUR GUIDANCE RANGE FOR YEAR
• QTRLY MINED COPPER PRODUCTION ON CONSOL BASIS 145 KT VERSUS 126 KT REPORTED LAST YEAR
• GUIDANCE FOR 2023 PILBARA IRON ORE UNIT CASH COSTS IS UNCHANGED
• QTRLY BAUXITE PRODUCTION 13.5 MT VERSUS 14.1 MT REPORTED LAST YEAR
• GUIDANCE FOR 2023 COPPER C1 UNIT COSTS HAS BEEN INCREASED TO 180 TO 200 US CENTS/LB
• RAMP-UP OF OYU TOLGOI UNDERGROUND MINE PROGRESSED AHEAD OF PLAN
• REMAIN ON TRACK TO MORE THAN TRIPLE ITS COPPER PRODUCTION BY END OF DECADE AT OYU TOLGOI UNDERGROUND MINE
• FULL YEAR SHIPMENTS ARE NOW EXPECTED TO BE IN UPPER HALF OF ORIGINAL 320 TO 335 MILLION TONNE RANGE FROM PILBARA OPERATIONS
• AT OYU TOLGOI, TECHNICAL STUDIES FOR MINE DESIGN AND SCHEDULE OPTIMISATION FOR PANELS 1 AND 2 WERE COMPLETED DURING Q2
• AT RINCON LITHIUM PROJECT IN ARGENTINA, DEVELOPMENT OF THREE THOUSAND TONNE PER ANNUM LITHIUM CARBONATE STARTER PLANT IS ONGOING
• IRON ORE PRICES DECLINED BY 12% OVER QUARTER AS CHINA'S STEEL DEMAND RECOVERY ENCOUNTERED PERSISTENT HEADWINDS
• BAUXITE FULL YEAR PRODUCTION IS EXPECTED TO BE AT LOWER END OF OUR 54 TO 57 MILLION TONNE RANGE
• REMAIN ON TRACK TO MORE THAN TRIPLE ITS COPPER PRODUCTION BY END OF DECADE AT OYU TOLGOI UNDERGROUND MINE
• AT RINCON LITHIUM PROJECT $140 MILLION ESTIMATE AND SCHEDULE TO DEVELOP STARTER PLANT REMAINS UNDER REVIEW
• AT OYU TOLGOI, OPERATION IS EXPECTED TO RAMP UP TO DELIVER AVERAGE MINED COPPER PRODUCTION OF 500KTPA BETWEEN 2028 AND 2036
• RECOVERY AT BOYNE AND KITIMAT SMELTERS IS PROGRESSING TO PLAN WITH FULL RAMP-UP EXPECTED TO BE COMPLETED LATER IN YEAR
• RAMP-UP OF GUDAI-DARRI CONTINUED TO PLAN WITH MINE REACHING ITS NAMEPLATE CAPACITY ON A SUSTAINED BASIS DURING Q2
• LITHIUM CARBONATE SPOT PRICES REBOUNDED DURING Q2, DRIVEN BY HIGHER EV SALES GROWTH AND RESTOCKING ACTIVITIES FROM END-USERS
• LONGER TERM, MARKET FUNDAMENTALS FOR LITHIUM REMAIN STRONG
• FULL YEAR TITANIUM DIOXIDE SLAG PRODUCTION IS EXPECTED TO BE AT LOWER END OF 1.1 TO 1.4 MILLION TONNE RANGE
• AT KENNECOTT PRODUCTION FROM NORTH RIM SKARN WILL COMMENCE IN 2024 AND IS EXPECTED TO RAMP UP OVER TWO YEARS
• AT KENNECOTT NORTH RIM SKARN TO DELIVER AROUND 250 THOUSAND TONNES OF ADDITIONAL MINED COPPER OVER NEXT 10 YEARS ALONGSIDE OPEN CUT OPERATIONS

(([email protected];))