Strong Foundation for Growth, Decarbonisation and Shareholder Returns
Product group level guidance
Iron Ore
Shipments
Copper
Mined Copper
Refined Copper
2022
Production Guidance
320 - 335Mt¹
(100% basis)
500 to 575kt
230 - 290kt
2022
Costs
$19.5-21.0/wmt (FOB),
based on an Australian
dollar exchange rate of $0.75
C1 Copper unit costs
130-150 US c/lb
Aluminium
Bauxite
Alumina
Aluminium
Minerals
TiO2
IOC pellets and concentrate²
B2O3
Diamonds³
54-57Mt
8.0 - 8.4Mt
3.1 - 3.2Mt
1.1 to 1.4Mt
10.0
11.0Mt
~0.5Mt
5.0 6.0m carats
Modelling guidance provided
for Canadian smelters only
(see slide 63)
1 Pilbara shipments guidance remains subject to risks around commissioning and ramp-up of new mines and management
of cultural heritage. | 2 Iron Ore Company of Canada. | 3 Reflects 100% ownership of Diavik (previously 60%)
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