Bengalla Coal Sales Company
Mining in Brisbane

Rio Tito is a leading global mining and metals group that focuses on finding, mining, processing and marketing the earth’s mineral resources. Our approach is ambitious by a definite strategy, with the goal of delivering best value for our shareholders through the cycle. Rio Tito is a leading global mining and metals group that focuses on finding, mining, processing and marketing the earth’s mineral resources. Our approach is driven by a definite strategy, with the goal of delivering superior value for our shareholders through the cycle. From our diverse portfolio, we yield a different suite of minerals and metals that enable the world to grow and develop. Our activities can affect people, communities and the environment. Rio Tito’s contribution to sustainable development underpins our ongoing commercial results. This supportive environment allowed us to generate powerful cash flow and further strengthen our financial position. We continued to focus on productivity, cost reductions and capital discipline in 2016, in order to maximize our cash generation and the return on every dollar we invest. A clear and effective strategy is critical for us to perform strongly under a range of industry conditions. This ensures that every dollar we generate is applied to the maximum returning opportunity whether that be for maintaining our balance sheet strength, investing in compelling growth opportunities or delivering superior shareholder returns. At the heart of our approach is a portfolio of world class riches from our Pilbara iron ore business, to our Queensland bauxite ore reserves, our Canadian aluminum smelters and our global suite of copper mines. These are multidecade wealth that deliver lovely returns throughout the cycle, while providing material opportunities for growth over the long term.We use a definite strategic framework to assess our existing riches and new opportunities taking into account the industry attractiveness and the competitive advantage of each asset, and its capacity to deliver potent and steady returns. A well run operation is a safe operation. Our marketing teams work handinhand with our operations, so that our resource management is fully aligned to the market. Committed to generating US5.0 billion of surplus release cash flow over the next five years from minetomarket productivity improvements. Finally, we assess the best use of the remaining capital between compelling growth, debt reduction and further cash returns to shareholders. We are committed to delivering best returns to shareholders over the long term, and the cash returns we pay out to shareholders are a vital component of this. In a cyclical industry such as mining, we trust the most prudent way to deliver strong returns is to allow the overall level of returns to vary with the cycle. Adopted a fresh shareholder returns policy, designed to deliver superior cash returns to shareholders over the long term. Our strong focus on costs and performance will continue in 2017, as we work towards delivering operating cash cost savings of US2.0 billion over 2016 and 2017. We will continue to shape our world class portfolio of assets, ensuring that we focus only on the maximum returning wealth in our preferred industry sectors and seeking to leave assets that do not fit these criteria.We will progress our tall returning growth projects, including the Am run bauxite project, the underground expansion at you Tolgoi and our Silvergrass iron ore mine. Rio Tito is committed to sustainable development and Rio Tito Coal Australia works to ensure this commitment is ingrained in everything we do. Our plans for the tomorrow will yield ongoing investment in these communities, generating revenue, creating jobs, providing infrastructure and supporting communities.

We’ve come a long way since those days, when we reopened the ancient copper mines on Spain’s Rio Tito (or red river), to today being one of the world’s leading mining and metals companies. We are a long term business, and we intend to remain delivering value for the next 140 years and beyond. All media releases from around the business Get all the latest corporate media releases via email.