Slide 1: ASX cover letter for site visit presentation
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 ASX Market Announcements Australian Securities Exchange SYDNEY NSW 2000 12 September 2012 Dear Sir, Attached is a presentation given by
Slide 2: Kennecott Utah Copper
Kennecott Utah Copper For personal use only Kelly Sanders, President & CEO September 11th, 2012
Slide 3: Cautionary statement
Cautionary statement |2 For personal use only This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited (“Rio Tinto”) and consisting of the slides for a presentation concerning Rio Tinto. By reviewing/attending this presentation you agree to be bound by the following conditions. For
Slide 4: Rio Tinto portfolio of high quality copper assets
Rio Tinto portfolio of high quality copper assets |3 Developing assets For personal use only Operating assets Pebble Oyu Tolgoi Kennecott Eagle Resolution Grasberg La Granja Note: 1. Bubble size denotes size of asset (contained copper) on a 100% basis Palabora except Pebble which is the Rio Tinto sh
Slide 5: Kennecott brings significant value to the Copper portfolio
Kennecott brings significant value to the Copper portfolio |4 For personal use only Kennecott Portfolio Brownfield Technology & Human Move Positioning Options Innovation Resources Underground • 100% owned • Open pit and Ideal place to Provides a Is in a unique • Large, long underground test propriet
Slide 6: Kennecott Utah Copper is a world class asset
Kennecott Utah Copper is a world class asset |5 For personal use only Bingham Canyon Mine • Unique deposit – copper, gold, silver and molybdenum • 235m tonnes material mined per year Copperton Concentrator • 4 Semi-autogenous grinding mills • 145k tonnes ore processed per day Utah Power Plant
Slide 7: Continued improvements in safety at Kennecott
Continued improvements in safety at Kennecott |6 For personal use only 2.2 2 All injury frequency rate: 61% improvement 2003 – 2011 Per 200 000 hours worked 1.8 1.6 1.4 1.2 1 0.8 0.6 Lost time injury frequency rate 0.4 0.2 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 H1 2012 Source: Kennecott Utah
Slide 8: Performance improving from the second half of 2012
Performance improving from the second half of 2012 |7 Ktonnes Production $US M EBITDA For personal use only 2,500 600 500 2,000 400 1,500 300 1,000 200 500 100 - - 2008 2009 2010 2011 2012H1 2008 2009 2010 2011 2012H1 Mined Copper Production By-product Cu Eq Production1 $US M Capital expenditure 600
Slide 9: Kennecott's Resources Development
|8 For personal use only Kennecott’s Resources Development ©2012, Rio Tinto, All Rights Reserved
Slide 10: $660m approved to extend the mine life from 2018 to 2029
$660m approved to extend the mine |9 life from 2018 to 2029 For personal use only Average annual production 2019 to 2029: 180kt of copper, 185koz of gold and 13.8kt molybdenum Rock to be removed Lower grade copper ore High grade copper ore 1 Cross section shows half of the slice of earth to be moved
Slide 11: Investing in the business to extract full value from a world class ore body
Investing in the business to extract full value | 10 from a world class ore body For personal use only Mine • 515mt of ore at 0.79% CuEq1 • HME and facilities • Underground studies underway Concentrator • Upgrade flotation cells • Copper NuWaveTM pilot MAP • Increased molybdenum recovery • Increased
Slide 12: Cornerstone: Platform for value and innovation
Cornerstone | Platform for value and innovation | 11 Resources - Continue with south pushback For personal use only Development - Evaluate underground options Conceptual underground sequencing North Rim East Cave Highland Boy Deep Moly2 Fortuna Skarn Skarn South West Caves Cornerstone South pushback
Slide 13: Kennecott North Rim Skarn, pathway to underground
Kennecott North Rim Skarn, pathway to underground | 12 For personal use only Prefeasibility study underway North Rim Skarn1 − 20 million tonnes mineral resource at 3.6% Cu − 1.0 million ounces of contained gold − $165 million approved for pre-feasibility studies to 2014 Common access − Production av
Slide 14: Moly Autoclave Process
Moly Autoclave Process | 13 Autoclave Delivery For personal use only Value Proposition • Increased molybdenum recovery • High purity (chemical grade) product premium Services Complex Opening • Rhenium recovery • Process lower grade concentrates • Capacity 30m lb/annum Progress • Engineering 100% com
Slide 15: Technology: Mine of the Future, our competitive advantage
| 14 For personal use only Technology: Mine of the Future™, our competitive advantage ©2012, Rio Tinto, All Rights Reserved ©2012, Rio Tinto, All rights reserved
Slide 16: Innovating ore sorting and recovery
Innovating ore sorting and recovery | 15 Copper NuWave™ Recovery Innovation For personal use only Excite Detect Separate Pilot testing at Kennecott • Plant constructed • Pilot underway • Designs for scale-up in place Proof of Pilot Idea Demo Deploy Support Concept ©2012, Rio Tinto, All Rights Reserv
Slide 17: Piloting tunnel boring system
Piloting tunnel boring system | 16 Kennecott TBS pilot For personal use only Pilot testing at Kennecott • Assembly underway • Trial commencing 2013 • Improved construction time & costs Northparkes TBS pilot Proof of Pilot Idea Demo Deploy Support Concept ©2012, Rio Tinto, All Rights Reserved
Slide 18: Kennecott Utah Copper, a great asset creating value through technology and innovation
Kennecott Utah Copper, a great asset creating value | 17 through technology and innovation For personal use only • World class ore body, significant by-products • Substantial ore reserves and resources • Technology and capabilities to develop resources • Location provides competitive advantage • Ass
Slide 19: Tour: What You'll Get To See
Tour | What You’ll Get To See | 18 Resource Development For personal use only Overview of Bingham Canyon Mine Resource North Rim Skarn Development Center Processing Innovation • Copper NuWave™ Molybdenum Autoclave Process (MAP) • Leach testing facility ©2012, Rio Tinto, All Rights Reserved
Slide 20: Questions & Answers
For personal use only Questions & Answers ©2012, Rio Tinto, All Rights Reserved