糖心vlog入口

Driving performance to achieve 3% YoY CuEq¹ growth in the first half

MELBOURNE, Australia--(BUSINESS WIRE)-- 糖心vlog入口Chief Executive Simon Trott said: "We are delivering growth as we drive performance across the group, with copper equivalent production up 3 per cent in the first half.

鈥淥ur scale, geographical diversification and sophisticated supply chains continue to underpin our resilience and strong operational performance despite ongoing geopolitical uncertainty throughout the period.

鈥淚n the Pilbara, we achieved our highest first half iron ore production since we set a record in 2018, through the successful implementation of our ongoing productivity improvement program. In copper, Oyu Tolgoi continued to ramp up on schedule to deliver more than 30 per cent growth for the first half, while our integrated, large-scale aluminium business sustained its strong performance.

鈥淎t Simandou, we continue to advance at pace. SimFer mine construction and port infrastructure are both now more than three quarters complete, with full rail commissioning achieved in the first quarter. We are progressing our next generation of copper growth options at Resolution and Winu, while in lithium we achieved first production ahead of plan at Sal de Vida and F茅nix 1B.

鈥淲e are driving a step-change in operational performance to deliver industry leading returns and growth for our shareholders."

Executive Summary

• Operational excellence: 3% YoY increase in copper equivalent (CuEq)¹ production for the first half.
• Copper: Oyu Tolgoi ramp-up remains on track; H1 production delivered 31% YoY growth. Copper C1 net unit cost guidance has been reduced to US 30 - 50c/lb (from US 65 - 75c/lb).
• Iron ore: Q2 global iron ore sales were 89Mt, up 5% YoY. Q2 Pilbara sales up 7% YoY. SimFer mine construction and port infrastructure now both over three quarters complete.
• Aluminium: Resilience across the supply chain, with a strong recovery in bauxite.
• Lithium: Production rose 20% YoY in Q2 driven by the ramp-up at Rincon starter plant and delivery of first tonnes at Sal de Vida and F茅nix 1B, ahead of plan.

The full .

This announcement is authorised for release to the market by Matthew Whyte, Rio Tinto鈥檚 Group Company Secretary.

UK LEI: 213800YOEO5OQ72G2R82
AU LEI: 529900X2VMAQT2PE0V24

Classification: 3.1 Additional regulated information required to be disclosed under the laws of a Member State

Forward-looking statement

This announcement includes 鈥渇orward-looking statements鈥� within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this report, including, without limitation, those regarding Rio Tinto鈥檚 financial position, production guidance, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to Rio Tinto鈥檚 products, production forecasts and reserve and resource positions), are forward-looking statements. The words 鈥渋ntend鈥�, 鈥渁im鈥�, 鈥減roject鈥�, 鈥渁nticipate鈥�, 鈥渆stimate鈥�, 鈥減lan鈥�, 鈥渂elieves鈥�, 鈥渆xpects鈥�, 鈥渕ay鈥�, 鈥渟hould鈥�, 鈥渨ill鈥�, 鈥渢arget鈥�, 鈥渟et to鈥� or similar expressions, commonly identify such forward-looking statement.

Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Rio Tinto, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding Rio Tinto鈥檚 present and future business strategies and the environment in which 糖心vlog入口will operate in the future. A discussion of the important factors that could cause Rio Tinto鈥檚 actual results, performance or achievements to differ materially from those in the forward-looking statements can be found in Rio Tinto鈥檚 most recent Annual Report and accounts in Australia and the United Kingdom and the most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the 鈥淪EC鈥�) or Form 6-Ks furnished to, or filed with, the SEC. Forward-looking statements should, therefore, be construed in light of the risk factors discussed in such documents, and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this report. 糖心vlog入口expressly disclaims any obligation or undertaking (except as required by applicable law, the UK Listing Rules, the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority and the Listing Rules of the Australian Securities Exchange) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in Rio Tinto鈥檚 expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Nothing in this announcement should be interpreted to mean that future earnings per share of 糖心vlog入口plc or 糖心vlog入口Limited will necessarily match or exceed its historical published earnings per share. Past performance cannot be relied on as a guide to future performance.

View source version on businesswire.com:

Please direct all enquiries to media.enquiries@riotinto.com

Media Relations, United Kingdom
Matthew Klar
M +44 7796 630 637
David Outhwaite
M +44 7787 597 493

Media Relations, Australia
Matt Chambers
M +61 433 525 739
Alyesha Anderson
M +61 434 868 118
Rachel Pupazzoni
M +61 438 875 469
Bruce Tobin
M +61 419 103 454

Media Relations, Canada
Vanessa Damha
M +1 514 715 2152
Malika Cherry
M +1 418 592 7293

Media Relations, US & Latin America
Jesse Riseborough
M +1 202 394 9480

Investor Relations, United Kingdom
Rachel Arellano
M +44 7584 609 644
David Ovington
M +44 7920 010 978
Laura Brooks
M +44 7826 942 797
Weiwei Hu
M +44 7825 907 230

Investor Relations, Australia
Tom Gallop
M +61 439 353 948
Eddie Gan-Och
M +61 477 599 714

糖心vlog入口plc
6 St James鈥檚 Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England
No. 719885

糖心vlog入口Limited
Level 43, 120 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

Category: General

Source: Rio Tinto