Rio Tinto Plc · LSE:RIO
Rio Tinto — Diggers and Dealers 2016
20 slides from Rio Tinto's conference presentation, Aug 2, 2016
Slide 1: Australia’s Tier 1 opportunity
Australia’s Tier 1 opportunity Stephen McIntosh Group Executive Growth & Innovation Diggers and Dealers 2016 2 August 2016
Slide 2: Cautionary Statement
Cautionary Statement This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited (“Rio Tinto”). By accessing/attending this presentation you acknowledge that you have read and understood the following statement. Forward-looking statements This document contains certain forward-looking
Slide 3: A relentless focus on safety
A relentless focus on safety RTX performance - delivering discoveries safely All injury frequency rate (AIFR) 2.5 2.0 12 mth rolling AIFR* 1.5 YTD 2016 0 LTI & 0 MTCs AIFR 0.1 1.0 0.5 *per 200,000 hrs worked 0.0 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 AIFR Updated to end May 2016 ©2016, Rio Tinto,
Slide 4: Indigenous agreements and partnerships
Indigenous agreements and partnerships Building respect, supporting recognition 4 ©2016, Rio Tinto, All Rights Reserved
Slide 5: Community programmes - Royal Flying Doctor Service
5 Community programmes - Royal Flying Doctor Service ©2016, Rio Tinto, All Rights Reserved
Slide 6: Our track record in Australia
Our track record in Australia Approaching 70 years of exploration commitment and success 1962 Tom Price Iron Ore 1970 1979 Argyle Diamonds 2014 Yandi Braid Iron Ore 2015 Tarong (QLD) MTW / HV* Coal Coal 1955 1960 2005 2015 1947 1970 1980 1990 1995 2000 2010 1955 Weipa Bauxite 1990 Century Lead-Zinc
Slide 7: Pilbara - 50 years and going strong
Pilbara - 50 years and going strong ©2016, Rio Tinto, All Rights Reserved
Slide 8: Weipa and Amrun, Cape York
Weipa and Amrun, Cape York Tier 1 assets measured in the decades ©2016, Rio Tinto, All Rights Reserved
Slide 9: Rio Tinto Exploration’s regional structure
Rio Tinto Exploration’s regional structure Multi-commodity teams and cross-region portfolio prioritisation Head of Exploration Moscow London Vancouver Ulaan Bataar Salt Lake City Almaty Africa-Eurasia Beijing Americas Bangalore Australasia Lima Brasilia Brisbane Santiago Johannesburg Perth Melbourne
Slide 10: Rio Tinto significant discoveries since 2000
Rio Tinto significant discoveries since 2000 A truly multi commodity and global exploration effort Saskatchewan 2012, potash Jadar 2009, lithium/borate Eagle 2004, nickel** Resolution Bunder, 2002, copper 2008, diamonds Simandou 2004, iron ore Sulawesi Aluminium 2008, nickel laterite*** Copper & Dia
Slide 11: Rio Tinto Exploration - Jadar discovery
Rio Tinto Exploration - Jadar discovery Jadar is a world class lithium resource 1998 Exploration starts 2004 2008 2011 Discovery by OoM PFS RTM Exploration completed commenced 2000 2005 2010 2015 2006 Jadarite recognised as a new mineral ©2016, Rio Tinto, All Rights Reserved
Slide 12: Rio Tinto Exploration 2016 operational footprint
Rio Tinto Exploration 2016 operational footprint Exploring for 8 different commodities across 17 countries Expenditure by regions - 2015 Non- OECD 32% OECD + Peru 68% Expenditure by commodity - 2015 R&D Bauxite 6% 9% Energy 9% Aluminium D&M 2% Copper & Diamonds Iron Ore Energy & Minerals Copper 8% 6
Slide 13: Tier 1 copper resources
Tier 1 copper resources Difficult to find, slow to develop Tier 1 copper discoveries Tier 1 copper development timelines 1. Pebble East Cu price US$/lb 2. Rosario West 40 Greenfield Years to production 3. Kamoa Pelambres Brownfield 5.0 4. Los Sulfatos Collahuasi Discoveries 5. Escondida Este Oyu Tol
Slide 14: Exploration spend and discovery rate
Exploration spend and discovery rate Significant* mineral discoveries & expenditures (excluding bulk commodities) Western world: 1995 - 2015 25 Estimated spend (1995 – 2015): $169B 200 Total number of discoveries (1995 – 2015): 1198 Number of discoveries 20 Exploration expenditure Number of Discover
Slide 15: Exploration access
Exploration access Work with regulators to get more time in the field 15 ©2016, Rio Tinto, All Rights Reserved
Slide 16: Improving discovery rates
Improving discovery rates Combination of old & new technologies and effective data integration yielding knowledge New Technologies Traditional Methods Data Integration and Concepts Mapping Resistate Indicator Minerals Very large scale compilation of & Greenrocks government, open file and Rio Samplin
Slide 17: Technologies - KIMs and RIMs
Technologies - KIMs and RIMs A significant technology advance for porphyry identification Stage IV Stage III “Greenrocks & Zircon Stage II “Direct Detection” Fertility” Stage I “Automated KIMs” “Mass Analysis” PHOTOS Sophisticated vectoring and MLA-based mineral fertility assessment based on identif
Slide 18: Data integration - bringing legacy data to life
Data integration - bringing legacy data to life More than half a century of exploration assets in our database 8 million sample 2.7 million Rio Tinto samples of public surface data from our storage warehouse 18 ©2016, Rio Tinto, All Rights Reserved
Slide 19: Undercover exploration initiative
Undercover exploration initiative Improve exploration performance under post mineralisation cover New geological and Geochemical Airborne structural models Methods geophysics Pilbara Cover Thickness Robust exploration Lower detection limits UAV surveys and models looking for the and micro analytical
Slide 20: Australia - A tier 1 opportunity
Australia - A tier 1 opportunity Where is our new discovery 20 ©2016, Rio Tinto, All Rights Reserved