Rio Tinto releases first quarter 2025 production results
Rio Tinto Chief Executive Jakob Stausholm said: “We continued to see strong operational improvement with the Oyu Tolgoi copper mine and our bauxite operations delivering record months for production in March. Production was affected, however, by extreme weather events that impacted our Pilbara iron ore operations.
“We are making excellent progress with our major projects to deliver profitable organic growth. We achieved first iron ore at Western Range in the Pilbara and the Simandou high-grade iron ore project in Guinea remains on track. After successful completion of the Arcadium acquisition in March, we are advancing to establish a world-class lithium business.
“We will continue to drive progress towards our long-term strategy to deliver profitable growth, attractive shareholder returns and build a stronger, more diversified business.”
Executive Summary
The full first quarter production results are available here
This announcement is authorised for release to the market by Andy Hodges, Rio Tinto’s Group Company Secretary.
LEI: 213800YOEO5OQ72G2R82
Classification: 3.1 Additional regulated information required to be disclosed under the laws of a Member State
View source version on businesswire.com: https://www.businesswire.com/news/home/20250415416644/en/
- , with Pilbara iron ore shipments expected to be at the lower end of guidance due to the losses sustained from extreme weather events in Q1. Production and cost guidancefor the yearon track
- in line with our underground mine ramp-up plan. Oyu Tolgoiachievedrecord copper production in March
- and a Bauxitehit record first quarter productionmonthly production record in March.
- World-class lithium business now up and running:
- Following in March, we , combining Arcadium assets and our Rincon project. completion of the Arcadiumacquisitionformed Rio Tinto Lithium
- high-grade iron ore project, Development of the Simandouon schedule,proceeding at an impressive pace.
-
as expected:
Pilbara Iron Ore replacement projects progressing
- achieved first ore through the new crushing and conveying circuit, on plan. Western Range
- investment approved ($1.8 billion) following receipt of all necessary approvals. Brockman Syncline 1
Production1 | Quarter 1
2025 | vsQ1
| vsQ4
| 2025
| Guidance
| ||||
Pilbara iron ore shipments (100% basis) (Mt) | 70.7 | -9% | -17% | 323 to 338 | Unchanged6 | ||||
Pilbara iron ore production (100% basis) (Mt) | 69.8 | -10% | -19% | NA | Unchanged | ||||
Bauxite (Mt) | 15.0 | +12% | -3% | 57 to 59 | Unchanged | ||||
Alumina (Mt) | 1.9 | +3% | -4 % | 7.4 to 7.8 | Unchanged | ||||
Aluminium (Mt) 2 | 0.83 | +0% | -1% | 3.25 to 3.45 | Unchanged | ||||
Copper (consolidated basis) (kt) 3 | 210 | +16% | -8% | 780 to 850 | Unchanged | ||||
Titanium dioxide slag (Mt) | 0.2 | -12% | -5% | 1.0 to 1.2 | Unchanged | ||||
IOC iron ore pellets and concentrate (Mt) 4 | 2.3 | -11% | -9% | 9.7 to 11.4 | Unchanged | ||||
Boric oxide equivalent (Mt) | 0.1 | -4% | -11% | ~0.5 | Unchanged | ||||
Rio Tinto share unless otherwise stated. Includes primary aluminium only. From Q1 2025, we report copper production and guidance as one metric, in order to simplify reporting and align with peer practices. For further details see slide 90 of our 123 2024 presentation. Iron Ore Company of Canada. See further notes in Section 2, 2025 guidance. At the lower end of guidance.456Investor Seminar | |||||||||