H1 2023 EBITDA Overview and Oyu Tolgoi Outlook
Continued momentum in our Pilbara Iron Ore business
Mine production ranges by quarter¹
(2019 to 2022, Mtpa)
360
340
2023
2023
3%
320
↑
2022
300
280
11%
-2022
260
Q1
Q2
Rio Tinto
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Q3
2022
Q4
2022
2023 shipments guidance at upper half of
320 to 335Mt range
Ongoing operational improvements, and
uplift from the Safe Production System
SP10 was 10% of total shipments² in H1:
expected to be a higher share in H2
H1 unit costs $21.2 per tonne, down 6% YoY
Management of environmental footprint,
cultural heritage and engagement with
Traditional Owners integral to the way we
work
Progressing approvals for next tranche of
replacement mines, with Rhodes Ridge order
of magnitude study expected in 2023
Continued focus on asset reliability and pit
health
1Minimum and maximum range is based on annualised quarterly figures for the period 2019-2022
2100% basis
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