News: RIO Rio Tinto Says 2019 Total Capital Expenditure Expected To Be $5.5 Bln

Oct 31 (Reuters) - Rio Tinto Ltd (RIO) :

• TOTAL CAPITAL EXPENDITURE IN 2019 EXPECTED TO BE $0.5 BILLION LOWER THAN PREVIOUS GUIDANCE AT AROUND $5.5 BILLION, WITH $0.5 BILLION DEFERRED INTO 2020
• REDUCED EMISSIONS-INTENSITY FOOTPRINT BY ALMOST 30% SINCE 2008; OVER 70% OF ITS ELECTRICITY COMES FROM RENEWABLE SOURCES AS OF OCT-END
• OYU TOLGOI DEFINITIVE ESTIMATE EXPECTED TO BE DELIVERED IN SECOND HALF OF 2020
• CAPITAL EXPENDITURE GUIDANCE FOR 2020 IS AROUND $7 BILLION
• IRON ORE SUSTAINING CAPEX IS NOW EXPECTED TO BE $1 BILLION TO $1.5 BILLION PER YEAR FROM 2020, VERSUS EARLIER GUIDANCE OF AROUND $1 BILLION
• CAPITAL EXPENDITURE GUIDANCE FOR 2021 REMAINS UNCHANGED AT AROUND $6.5 BILLION
• IRON ORE 2020 SHIPMENT GUIDANCE IS AN INCREASE OF UP TO 5% ON 2019 GUIDANCE SUBJECT TO MARKET CONDITIONS
• OYU TOLGOI DEFINITIVE ESTIMATE IS STILL EXPECTED TO BE DELIVERED IN SECOND HALF OF 2020
• CURRENT EMISSIONS TARGETS, WHICH HAVE ALREADY BEEN ACHIEVED, EXPIRE AT END OF 2019 AND NEW TARGETS WILL BE DISCLOSED IN EARLY 2020
• CAPITAL EXPENDITURE GUIDANCE FOR 2022 WAS INCLUDED FOR FIRST TIME AT AROUND $6.5 BILLION