Rio Tinto Plc · LSE:RIO
Rio Tinto — Goldman Sachs JBWere 9th Annual Resources Conference 2005
9 slides from Rio Tinto's conference presentation, Jul 8, 2005
Slide 1: Rio Tinto Iron Ore – Goldman Sachs JBWere Resources Conference
Goldman Sachs JBWere 9th Annual Resources Conference Sydney - 8 July 2005 Warwick Smith Managing Director Expansion Projects Rio Tinto Iron Ore Goldman Sachs JBWere 9th Annual Resources conference - Sydney 8 July 2005 RTIO has a global presence IOC Orissa Simandou Corumba Hamersley Robe HIsmelt Oper
Slide 2: Iron ore contributed 22 per cent to Rio Tinto's earnings; China demand growing
Goldman Sachs JBWere 9th Annual Resources Conference Sydney - 8 July 2005 Iron Ore contributed 22 per cent to Rio Tinto’s earnings in 2004 Rio Tinto adjusted earnings (US$m) Earnings by commodity 2004 $2,500 Copper/Gold 34% Diamonds $2,000 7% Other 1% $1,500 $1,000 Aluminium 13% Iron Ore $500 22% 50
Slide 3: Other emerging countries could follow China's metals intensive growth
Goldman Sachs JBWere 9th Annual Resources Conference Sydney - 8 July 2005 Other emerging countries could follow China’s recent metals intensive growth 10000 Steel consumption and GDP per capita in 2004 Steel consumption (kg/capita) S.Korea Taiwan 1000 Japan China US Russia 100 Brazil India 10 0 5000
Slide 4: RTIO maintains a broad customer portfolio
Goldman Sachs JBWere 9th Annual Resources Conference Sydney - 8 July 2005 RTIO maintains a broad customer portfolio RTIO sales by market in 2004 • Total RTIO sales Japan were 139mt in 33% 2004 Other 4% • China overtook Japan as RTIO’s Europe largest export 13% market, with >50mt sold to China in Tai
Slide 5: RTIO expansion – on time on budget
Goldman Sachs JBWere 9th Annual Resources Conference Sydney - 8 July 2005 RTIO expansion – on time on budget Completion of feasibility, works approved 2006 2003 2004 2005 Completion of extra capacity Qtr1 Qtr2 Qtr3 Qtr4 Qtr1 Qtr2 Qtr3 Qtr4 Qtr1 Qtr2 Qtr3 Qtr4 Qtr1 Qtr2 Qtr3 Qtr4 Brockman (+3Mtpa ->
Slide 6: Yandicoogina and West Angelas expansion
Goldman Sachs JBWere 9th Annual Resources Conference Sydney - 8 July 2005 Yandicoogina expansion • Expansion from 24Mtpa to 36Mtpa • Stage 2 of expansion program • Cost of US$200m • Growth underpinned by long- term contracts • Expected completion date – Q3 2005 11 West Angelas expansion • Delivered
Slide 7: Brownfield mine expansions and selective rail duplication
Goldman Sachs JBWere 9th Annual Resources Conference Sydney - 8 July 2005 Brownfield mine expansions • Add a further 15Mtpa capacity by mid-2006, cost of US$290m • Expansion to – Tom Price HG 22Mtpa +7Mtpa – Marandoo 15Mtpa +3Mtpa – Nammuldi 5Mtpa +5Mtpa • Improvements in the plant • Improved operat
Slide 8: Hope Downs joint venture and RTIO global projects
Goldman Sachs JBWere 9th Annual Resources Conference Sydney - 8 July 2005 Hope Downs joint venture strengthens RTIO’s position in global iron ore market • 50% acquisition of Hope Downs iron ore assets - 450mt reserves and 850mt resources • 50:50 joint venture with Hancock Prospecting • Use of existi
Slide 9: Summary
Goldman Sachs JBWere 9th Annual Resources Conference Sydney - 8 July 2005 Summary • Outlook is for continued strong growth in seaborne iron ore demand led by China • RTIO is expanding to meet forecast demand growth • Large expansion program underway – mine, rail, port and infrastructure assets – whi
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