Nov 24 (Reuters) - Rio Tinto Ltd (RIO) Rio Tinto outlines new...

Nov 24 (Reuters) - Rio Tinto Ltd (RIO)

• Rio Tinto outlines new $5 billion productivity push-rio.ax
• Rio Tinto intends to raise productivity across its $50 billion portfolio of assets
• capital expenditure now expected to be less than $3.5 billion in 2016
• Rio tinto-committed to generating $5 billion of additional free cash flow over next 5 years from productivity drive unveiled today as part of its long-term strategy
• capital expenditure guidance of around $5 billion in 2017 and around $5.5 billion in 2018, unchanged from previous estimates.
• 2017 production forecasts generate operating cash flow of around $10 billion based on q3 2016 average prices.
• over next three years, sustaining capital expenditure in pilbara is expected to be around $2.2 billion
• Autohaul project is expected to advance progressively during 2017 and be fully implemented by end of 2018.
• Pilbara shipment guidance for 2017 remains at 330-340 million tonnes of iron ore.
• aluminium product group is on track to deliver 2016 cost savings of $300 million.
• has committed to generating $5 billion of additional free cash flow over next five years from a productivity drive