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Get more information online Find out more about our business and performance: riotinto.com View our 2016 Annual report: riotinto.com/ar2016 View our 2016 Sustainable development online report: riotinto.com/sd2016
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2016 Annual report riotinto.com/ar2016
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Contents Cautionary statement about forward-looking statements This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of the Rio Tinto Group. These statements are forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933, and Section 21E of the US Securities Exchange Act of 1934. The words “intend”, “aim”, “project”, “anticipate”, “estimate”, “plan”, “believes”, “expects”, “may”, “should”, “will”, “target”, “set to” or similar expressions, commonly identify such forward-looking statements. Examples of forward-looking statements in this Annual report include those regarding estimated ore reserves, anticipated production or construction dates, costs, outputs and productive lives of assets or similar factors. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors set forth in this document that are beyond the Group’s control. For example, future ore reserves will be based in part on market prices that may vary significantly from current levels. These may materially affect the timing and feasibility of particular developments. Other factors include the ability to produce and transport products profitably, demand for our products, changes to the assumptions regarding the recoverable value of our tangible and intangible assets, the effect of foreign currency exchange rates on market prices and operating costs, and activities by governmental authorities, such as changes in taxation or regulation, and political uncertainty. In light of these risks, uncertainties and assumptions, actual results could be materially different from projected future results expressed or implied by these forward-looking statements which speak only as to the date of this Annual report. Except as required by applicable regulations or by law, the Group does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events. The Group cannot guarantee that its forward-looking statements will not differ materially from actual results. Performance highlights 1 Group overview 2 Chairman’s letter 4 Chief executive’s statement 5 Market environment 7 Group strategy 8 Business model 10 Key performance indicators 12 Risk management 14 Principal risks and uncertainties 16 Portfolio management 22 Sustainable development 24 Independent limited assurance report 31 Product groups Iron Ore 32 Aluminium 34 Copper & Diamonds 36 Energy & Minerals 38 Growth & Innovation 40 Five year review 42 Contents 218 Metals and minerals production 219 Ore reserves 223 Mineral resources 228 Competent Persons 234 Mines and production facilities 236 Contents 44
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