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Rio Tinto releases fourth quarter production results

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Rio Tinto chief executive J-S Jacques said “We delivered a solid operational performance in the final quarter of 2018, in particular across our copper assets. During the year, we further strengthened our asset portfolio, continuing to invest in high quality growth. 2018 saw the early completion of Amrun, the deployment of AutoHaul™, the Koodaideri and Robe River investments and the signing of the power agreement at Oyu Tolgoi. Meanwhile, we completed disposals of $8.6 billion, including the Grasberg mine in Indonesia and our remaining coal assets. With a firm ‘value over volume’ focus and disciplined allocation of capital, we will continue to progress our strategic objectives and to deliver superior returns to shareholders in the short, medium and long term.”

Q4 2018 vs Q4 2017 vs Q3 2018 2018 vs 2017
Pilbara iron ore shipments (100% basis) Mt 87.4 -3% +7% 338.2 +2%
Pilbara iron ore production (100% basis) Mt 86.6 -1% +5% 337.8 +2%
Bauxite kt 11,790 -14% -7% 50,421 -1%
Aluminium kt 874 -1% -1% 3,458 -3%
Mined copper kt 177.8 +20% +11% 633.5 +33%
Titanium dioxide slag kt 294 -14% -1% 1,116 -15%
IOC iron ore pellets and concentrate Mt 2.8 +4% -2% 9.0 -20%

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