Rio Tinto KennecottStakeholder ForumJanuary 8, 2016
Zero Harm share
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This presentation includes forward-looking statements. All statements other than statements of historical facts included in this
presentation, including, without limitation, those regarding Rio Tinto’s financial position, business strategy, plans and objectives of
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and reserve and resource positions), are forward-looking statements. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results, performance or achievements of Rio Tinto, or industry
results, to be materially different from any future results, performance or achievements expressed or implied by such forward-
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Such forward-looking statements are based on numerous assumptions regarding Rio Tinto’s present and future business strategies
and the environment in which Rio Tinto will operate in the future. Among the important factors that could cause Rio Tinto’s actual
results, performance or achievements to differ materially from those in the forward-looking statements include, among others, levels
of actual production during any period, levels of demand and market prices, the ability to produce and transport products profitably,
the impact of foreign currency exchange rates on market prices and operating costs, operational problems, political uncertainty and
economic conditions in relevant areas of the world, the actions of competitors, activities by governmental authorities such as
changes in taxation or regulation and such other risk factors identified in Rio Tinto's most recent Annual Report on Form 20-F filed
with the United States Securities and Exchange Commission (the "SEC") or Form 6-Ks furnished to the SEC. Forward-looking
statements should, therefore, be construed in light of such risk factors and undue reliance should not be placed on forward-looking
statements. These forward-looking statements speak only as of the date of this presentation.
Nothing in this presentation should be interpreted to mean that future earnings per share of Rio Tinto plc or Rio Tinto Limited will
necessarily match or exceed its historical published earnings per share.
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Meeting objectives
• Business overview: current business environment and challenges
• Kennecott’s strategic priorities for a viable future
• Current investments and operations at Kennecott
• Environmental work in air quality, water and land management
• Stakeholder feedback on Kennecott’s community engagement priorities
• Provide an opportunity for group and one-on-one discussions
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Meeting agenda
8-8:10am Convene and welcome
8:10-8:40am Presentation
8:40-9:30am Stakeholder feedback and engagement activities
9:30-9:45am Question and answer session
9:45-10:00am Wrap-up
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Kennecott senior leadership team
Dr. Nigel Steward,
Managing Director
Colin Nexhip,
General Manager
Integration and
Operations
Jon Brennan,
Business Partner
Finance
Melissa
Shanjengange,
Business Partner
Human Resources
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Bingham Canyon Mine
Haul trucks are as big as a house and can carry 320 tons in a single load
• Second-largest copper producer in the
United States
• Supplies nearly 25% of the country’s
copper
• Produced > 19 million tons
• Largest man-made excavation on
earth
2015
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Mining process
The concentrator separates valuable
minerals from the ore
The smelter heats and melts the
concentrate to separate copper from
other elements
The refinery further purifies the copper
and allows for recovery of other
elements like silver and gold
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26 miles of operations
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10
Mining progress since 2013
July 2013 November 2015
South Wall
South Wall
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Kennecott is facing a perfect storm
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Curtailments, closures and cash cost position
Location Company 2016 ImpactPotential Future
Impact
Kingman, Arizona,
USA
Mineral
Park, Mercator 16,000
Aranzazu, Mexico Aura Minerals 15,000
Wolverine, Canada Yukon Zinc 22,500
Troy, Montana, USARevett Mining,
Hecla Mining4,500
Lockerby, Canada First Nickel 1,000
Miami, Arizona,
USA
Freeport
McMoRan68,000 26,000
Tyrone, New
Mexico, USA
Freeport
McMoRan21,500
El Abra, ChileFreeport
McMoRan83,000
Hayden and Ray,
Arizona, USAAsarco 30,500
Mopani, Zambia Glencore 105,000
Katanga, DRC Glencore 220,000
Baluba, ZambiaCNMC Luanshya
Copper Mines20,000
Matchless and
Otijhase, NamibiaWeatherly 10,000
Collahuasi, Chile
Glencore,
Anglo American,
Mitsui & Co30,000
Sierrita, ArizonaFreeport
McMoRan45,500
Various China Various 350,000
TOTALS 913,000 201,000
Bin
gh
am
Can
yo
n
Sie
rrita
Rob
inso
n
Pin
to V
alle
y
Ray
Mis
sio
n
Ba
gd
ad
Doe
Ru
n
Bu
tte
Ph
oe
nix
Chin
o
Mo
ren
ci
Ea
gle
Current Cu price
2016 production and cash costs – CuEq*
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Kennecott’s priorities
Zero Harm Engaged, Caring & Trusting Culture
First Quartile Cost PositionFree Cash Flow & Dividend
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2015: Our safest year ever
1.65
1.31
1.08
0.810.69
0.84
0.580.47
0.65
2.20
0.42
0
0.5
1
1.5
2
2.5
3
AIF
R
All injury frequency rate (Lost-time incidents + medical treatment cases)
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Economic prosperity
Employees2014 production
Economic contributions
Local goods & services in millions Taxes in millions (USD)
Copper - 225,000 metric tonnes
Gold - 252,200 troy oz.
Silver - 2,811,300 troy oz.
Moly - 25,368,593 metric tonnes
Sulfuric Acid -819,263 metric tonnes
Direct – 2,510
Indirect – 15,000
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Cash CostSavings
CapexReductions
Working CapitalSavings
One-time RecoveryActions
TotalSavings
$184m
$154m
$85m
Still
required
$21m
$299m $722m
Achieved
$24m
Free cash flow recovery
Value-generating projects
Mine Concentrator T&WS Smelter
Buckets Contracts Valves Anode pins
$13k per year $1M over 5 years $18k per valve $100k per year
Refinery Power Plant Support Services Marketing
Blanks Portable vacuum Mobile fleetTolled
concentrate
$3.4M total $25k $580k $56M
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SPB staged development pathway
SPB Slice 1
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Alternative view on waste rock
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Project timeline
2015
Alternative View on
Waste Rock:
• Complete access
• Construct north
side storage
areas
2016 2017-2019 2020
Alternative View on
Waste Rock:
• Relocate waste
rock to storage
areas
• Relocate access
road
Alternative View on
Waste Rock:
Continue relocation
of waste rock to
storage areas
Alternative View on
Waste Rock:
Complete relocation
of waste rock to
storage areas
South Waste Rock
Reclamation Project:
• Reclaim a portion
of the bench
• Additional
stormwater control
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Alternative View on Waste Rock
Waste rock view from 11800 South Artist rendition of reclaimed waste rock
from 11800 South
Current waste rock view, June
2015
Proposed construction over
the next few yearsPlanned waste Rock
reclamation
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23
Tailings facilities
South Impoundment
North Impoundment
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Environmental stewardship
Embedded operational partnerships
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Air quality
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Dust suppression projects
65 feet
125 feet
• Sprayer and spray
bar upgrades
• Spray pattern
maximized
• GIS used to monitor,
report and plan road
dust mitigation
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Daybreak Salt Lake City Northwest Quadrant
Land use planning
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North zone remediation
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Land management projects
Barney’s Canyon mine closure
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Site wide land management
Wildlife • Range • Weed • Fire • Land Use
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Water management projects
Bingham Canyon water treatment
plant
Kessler Springs pilot Se treatment
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Social well-being
$13M USD in corporate giving – past 3 years
24%
24%
52%
Environment Education Community
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Areas of engagement
Environment
Air quality
Clean energy
Environmental education
Wildlife
Community & Civic
Development
Civic organizations
Community
partnerships
Local charities
Regional planning
Education
Higher education
NHMU
Scholarships
STEM
K-12
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Small group discussions
Question and answer session