Rio Tinto reports improved production in third quarter 2016

Rio Tinto has released production results for Q3 2016 reporting improved production in bauxite, alumina and aluminium segments.

Commenting on the results, Rio Tinto chief executive J-S Jacques said “We have delivered strong quarterly production, underpinned by improving operational performance across our Tier 1 portfolio. Output from our iron ore and bauxite assets reflects the drive for productivity and operational excellence. With a continued focus on value, we will seek further productivity improvements across the business. Our rigorous attention to cash generation, coupled with a disciplined allocation of capital remains our key focus in delivering shareholder value.”

The group reported record bauxite production in the third quarter resulting in a total bauxite output of 35.6 million tonnes during the first three quarters of 2016.

Alumina production recorded significant rise of six per cent in Q3, This resulted in five per cent increase in YTD production of 2016 compared with the same period of 2015. This was primarily driven by ramp-up progress and operational improvements at the Yarwun refinery.

YTD aluminium production recorded an 11 per cent increase in comparison to the same period of 2015 mainly driven by Kitimat smelter, which delivered its second consecutive quarter at nameplate capacity.

For the entire year, Rio Tinto’s expected share of production for bauxite has increased to 47 million tonnes from 45 million tonnes. For alumina and aluminium the share remains unchanged at 7.8 million tonnes and 3.6 million tonnes respectively.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.