Rio Tinto Plc · LSE:RIO
Rio Tinto — Non-Deal Roadshow (September 2009)
14 slides from Rio Tinto's roadshow presentation, Sep 25, 2009
Slide 1: ASX cover letter for investor visit presentations
120 Collins Street Melbourne 3000 Australia Postal Address: GPO Box 384D Melbourne 3001 Australia T +61 (0) 3 9283 3333 F +61 (0) 3 9283 3707 For personal use only Company Announcements Office Australian Stock Exchange Limited SYDNEY NSW 2000 25 September 2009 Dear Sir/Madam Please find attached pre
Slide 2: Kennecott Utah Copper Finance Community Update
For personal use only Kennecott Utah Copper Finance Community Update 24 September 2009 Overview Mine and Plant Assets Future Growth Options Summary 1 1
Slide 3: Rio Tinto Copper portfolio; KUC integrated mine to refinery complex
Rio Tinto Copper has an attractive portfolio of existing assets and projects, of which KUC is a corner stone For personal use only Pebble Bingham Eagle Oyu Tolgoi (nickel) Tamarack (nickel) Resolution Freeport JV La Granja Sulawesi Palabora (nickel) Codelco JV Escondida Northparkes Operations Projec
Slide 4: KUC is three times safer than the industry average
KUC is three times safer than the industry average For personal use only KUC’s all injury frequency rate compares favorably across industries 6 Per 200 000 hours worked 5 4 3 2 1 0 g g g n n al n 07 08 09 s es rin in io in ti o tie io i nc al 20 20 20 in in at ct tu rta ili il S M na M tru rm Ut ac
Slide 5: KUC has experienced continued strong financial performance
KUC has experienced continued strong financial performance For personal use only Financial Performance Underlying earnings ($M) EBITDA ($M) 2614 1810 1649 2111 1436 1587 1037 998 311 498 456 226 2004 2005 2006 2007 2008 2009 2004 2005 2006 2007 2008 2009 H1 H1 Comments • Strong financial performance
Slide 6: Significant focus on reducing cash expenditure
Significant focus on reducing cash expenditure For personal use only Unit cost index Capital Expenditure 2004 = 100 ($ millions) 200 316 295 282 175 150 164 125 100 81 69 75 50 2004 2005 2006 2007 2008 2009 H1 2004 2005 2006 2007 2008 2009 H1 • Unit costs have benefited from both cost reductions and
Slide 7: Bingham Canyon Mine
For personal use only Overview Mine and Plant Assets Future Growth Options Summary 10 Bingham Canyon Mine • Flexible pit design allows molybdenum production to vary with market in short term • Continued stripping on East pushback (Giant Leap) • $73m investment in mining equipment to accelerate pre-s
Slide 8: Copperton Concentrator; Smelter & Refinery
Copperton Concentrator • Pebble crushing circuit driving sustainable throughput improvements For personal use only • Bulk floatation circuit and super cell delivering higher recoveries • Copper and molybdenum recoveries up 2% and 5%, respectively • Second super cell to be commissioned in H2 2009 Pro
Slide 9: Precious metals and molybdenum remain attractive by-products
Precious metals and molybdenum remain attractive by- products... For personal use only • Continue to mine open pit for optimal copper, gold and molybdenum balance • Short term flexibility to vary molybdenum production with market • MAP to deliver additional benefits (project delayed pending economic
Slide 10: Global copper consumption
For personal use only Overview Mine and Plant Assets Future Growth Options Summary 16 Global copper consumption Consumption in millions of tonnes per annum 20 15 10 5 0 1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 • Compound Annual Growth Rate (CAGR) in demand over the last 100+ years is a
Slide 11: Global copper reserves and grades are decreasing
Global copper reserves and grades are decreasing For personal use only Global copper reserves are falling . . . . . . and grades are decreasing Global copper reserves Average reserve grade (years of annual production) (% copper) 45 0.97 0.78 0.77 0.70 27 26 24 1996 2000 2004 2008* 1996 2000 2004 200
Slide 12: Bingham Canyon – potential tip of the iceberg
Bingham Canyon – potential tip of the iceberg For personal use only Bingham Canyon • Geophysical data have traced the Bingham Canyon stock and potentially other intrusives to depth • Drilling to explore these targets is planned for 2009/2010 • There is a potential large porphyry system in the Bingha
Slide 13: Summary – Kennecott Utah Copper is a top tier asset
Summary – Kennecott Utah Copper is a top tier asset For personal use only • World class ore body, significant by-products • Substantial ore reserves • Technology and capabilities to develop resources • Location provides competitive advantage • Asset quality supports strong cash flow through cycle •
Slide 14: Kennecott Utah Copper Finance Community Update
For personal use only Kennecott Utah Copper Finance Community Update 24 September 2009 13