Rio Tinto progresses strategy to strengthen, decarbonise and grow
Updates will include Rio Tinto’s market outlook, with the energy transition expected to add as much as
There are now 30 deployments of the
Executives will outline projects underway to meet challenging decarbonisation targets to halve Scope 1 & 2 emissions by 2030, on the road to net zero by 2050. Six large emissions abatement programmes are focused on renewable power, process heat, diesel and the ELYSISTM zero carbon aluminium smelting technology to drive the transition to net zero by 2050, supported by high-quality nature based solutions. Investments of around
“Meeting the incremental demand of the energy transition and ensuring local supplies of critical minerals globally deepens our relevance in the world and provides new opportunities. We are working hard to decarbonise our assets and products, as we invest to grow in materials needed for the energy transition.
“The quality of our assets, resilience of cashflows and strength of our balance sheet ensure we are well positioned to continue to invest with discipline for the long term and deliver attractive returns to our shareholders throughout the cycle.”
Production guidance is being released for 2023. Pilbara iron ore shipments (
Production guidance - |
2022 |
2023 |
|
Pilbara iron ore (shipments, |
320 to 3351 |
320 to 3352 |
|
Bauxite (Mt) |
54 to 57 |
54 to 57 |
|
Alumina (Mt) |
7.6 to 7.8 |
7.7 to 8.0 |
|
Aluminium (Mt) |
3.0 to 3.1 |
3.1 to 3.3 |
|
Mined copper (kt) |
500 to 575 |
550 to 600 |
|
Refined copper (kt) |
190 to 220 |
180 to 210 |
|
Diamonds (M carats) |
4.5 to 5.0 |
3.0 to 3.8 |
|
Titanium dioxide slag (Mt) |
1.1 to 1.4 |
1.1 to 1.4 |
|
|
10.0 to 11.0 |
10.5 to 11.5 |
|
Boric oxide equivalent (Mt) |
~0.5 |
~0.5 |
|
1 At the low end of the range. 2 Pilbara shipments guidance remains subject to risks around commissioning and ramp-up of new mines and management of cultural heritage.
3 |
|||
Unit cost guidance |
|
20231 |
|
Pilbara iron ore (US$/tonne) |
|
||
Copper C1 (US cents/lb) |
160 - 180 |
||
1 FY23 guidance is based on A$:US$ exchange rate of 0.70 and excludes COVID-19 response costs. |
|||
The presentation slides and the live webcast can be accessed at https://www.riotinto.com/en/invest/presentations/2022/investor-seminar-london.
This announcement is authorised for release to the market by
View source version on businesswire.com: https://www.businesswire.com/news/home/20221129006177/en/
Please direct all enquiries to media.enquiries@riotinto.com
Media Relations,
M+ 44 7796 630 637
M +44 7787 597 493
Media Relations,
M +1 514 796 4973
M +1 418 592 7293
Media Relations,
M +61 433 525 739
M +61 436 653 412
Investor Relations,
M +44 7825 195 178
M +44 7920 010 978
M +44 7788 967 877
Investor Relations,
M +61 439 353 948
Amar Jambaa
M +61 472 865 948
6 St James’s Square
T +44 20 7781 2000
Registered in
No. 719885
Level 43,
T +61 3 9283 3333
Registered in
ABN 96 004 458 404
Category: General
Source: