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Rio Tinto releases first quarter 2025 production results

Solid performance while growth projects move ahead with pace

Rio Tinto Chief Executive Jakob Stausholm said: “We continued to see strong operational improvement with the Oyu Tolgoi copper mine and our bauxite operations delivering record months for production in March. Production was affected, however, by extreme weather events that impacted our Pilbara iron ore operations.

“We are making excellent progress with our major projects to deliver profitable organic growth. We achieved first iron ore at Western Range in the Pilbara and the Simandou high-grade iron ore project in Guinea remains on track. After successful completion of the Arcadium acquisition in March, we are advancing to establish a world-class lithium business.

“We will continue to drive progress towards our long-term strategy to deliver profitable growth, attractive shareholder returns and build a stronger, more diversified business.”

Executive Summary

  • Production and cost guidance for the year on track, with Pilbara iron ore shipments expected to be at the lower end of guidance due to the losses sustained from extreme weather events in Q1.
  • Oyu Tolgoi achieved record copper production in March in line with our underground mine ramp-up plan.
  • Bauxite hit record first quarter production and a monthly production record in March.
  • World-class lithium business now up and running:
    • Following completion of the Arcadium acquisition in March, we formed Rio Tinto Lithium, combining Arcadium assets and our Rincon project.
  • Development of the Simandou high-grade iron ore project, on schedule, proceeding at an impressive pace.
  • Pilbara Iron Ore replacement projects progressing as expected:
    • Western Range achieved first ore through the new crushing and conveying circuit, on plan.
    • Brockman Syncline 1 investment approved ($1.8 billion) following receipt of all necessary approvals.

Production1

Quarter 1

2025

vs Q1

2024

vs Q4

2024

2025

guidance5

Guidance

status

Pilbara iron ore shipments (100% basis) (Mt)

70.7

-9%

-17%

323 to 338

Unchanged6

Pilbara iron ore production (100% basis) (Mt)

69.8

-10%

-19%

NA

Unchanged

Bauxite (Mt)

15.0

+12%

-3%

57 to 59

Unchanged

Alumina (Mt)

1.9

+3%

-4 %

7.4 to 7.8

Unchanged

Aluminium2 (Mt)

0.83

+0%

-1%

3.25 to 3.45

Unchanged

Copper (consolidated basis)3 (kt)

210

+16%

-8%

780 to 850

Unchanged

Titanium dioxide slag (Mt)

0.2

-12%

-5%

1.0 to 1.2

Unchanged

IOC4 iron ore pellets and concentrate (Mt)

2.3

-11%

-9%

9.7 to 11.4

Unchanged

Boric oxide equivalent (Mt)

0.1

-4%

-11%

~0.5

Unchanged

1 Rio Tinto share unless otherwise stated. 2 Includes primary aluminium only. 3 From Q1 2025, we report copper production and guidance as one metric, in order to simplify reporting and align with peer practices. For further details see slide 90 of our Investor Seminar 2024 presentation. 4 Iron Ore Company of Canada. 5 See further notes in Section 2, 2025 guidance. 6 At the lower end of guidance.

The full first quarter production results are available here

This announcement is authorised for release to the market by Andy Hodges, Rio Tinto’s Group Company Secretary.

LEI: 213800YOEO5OQ72G2R82

Classification: 3.1 Additional regulated information required to be disclosed under the laws of a Member State

Contacts

Please direct all enquiries to media.enquiries@riotinto.com

Media Relations,

United Kingdom

Matthew Klar

M +44 7796 630 637

David Outhwaite

M +44 7787 597 493

Media Relations,

Australia

Matt Chambers

M +61 433 525 739

Michelle Lee

M +61 458 609 322

Rachel Pupazzoni

M +61 438 875 469

Media Relations,

Canada

Simon Letendre

M +1 514 796 4973

Malika Cherry

M +1 418 592 7293

Vanessa Damha

M +1 514 715 2152

Media Relations,

US

Jesse Riseborough

M +1 202 394 9480

Investor Relations,

United Kingdom

Rachel Arellano

M: +44 7584 609 644

David Ovington

M +44 7920 010 978

Laura Brooks

M +44 7826 942 797

Weiwei Hu

M +44 7825 907 230

Investor Relations,

Australia

Tom Gallop

M +61 439 353 948

Amar Jambaa

M +61 472 865 948

Rio Tinto plc

6 St James’s Square

London SW1Y 4AD

United Kingdom

T +44 20 7781 2000

Registered in England

No. 719885



Rio Tinto Limited

Level 43, 120 Collins Street

Melbourne 3000

Australia

T +61 3 9283 3333

Registered in Australia

ABN 96 004 458 404

riotinto.com

Category: General

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