Falling mineral prices are driving efforts to turn a net loss into profit for 2015.
Release time:
2016-03-03
Source:
China Metallurgical Mining Enterprises Association Website, 2016-3-
2015 This year, Rio Tinto, Australia's mining giant, saw its iron ore production (calculated based on its equity stake) increase year-on-year. 12.6% To 2.63 100 million tons—the shipment volume of iron ore (calculated based on equity interests) also increased year-on-year. 12.9% To 2.71 Hundred million tons—but affected by the sharp drop in international iron ore prices and the decline in prices of other commodities, Rio Tinto’s operating performance showed a year-on-year decrease, and its net profit even turned into a loss.
Rio Tinto Group 2015 Annual sales revenue is 348.29 hundreds of millions of dollars, compared to 2014 of the year 476.64 A sharp decline in hundreds of millions of dollars 26.9% ; Profit before interest, taxes, depreciation, and amortization ( EBITDA ) for 126.21 hundreds of millions of dollars, a significant year-on-year decrease 35.8% ; EBITDA Follow the rate. 2014 of the year 41% Drop to 36% ; Net profit attributable to the company’s shareholders is by 2014 Annual profit 65.27 From hundreds of millions of dollars in profit to a loss 8.66 Dollar.
Rio Tinto CEO Walsh ( Sam Walsh ) In the announcement 2015 When commenting on the annual performance, 2015 The operating environment of the international iron ore market continued to deteriorate in the year. Relying on its world-class, high-quality iron ore assets and fully leveraging its production capacity and related infrastructure, Rio Tinto achieved year-on-year growth in both iron ore production and shipments. At the same time, the company continued to reduce iron ore production costs, curtail capital expenditure, and lower its debt levels, thereby generating growth in operating cash flow and positive cash flow from operations. As of... 2015 Year 12 Moon 31 On that day, Rio Tinto Group’s total net debt amounted to 2014 At the end of the year 145 From hundreds of millions of dollars to 138 hundreds of millions of dollars, reduced 7 hundreds of millions of dollars. Rio Tinto Group plans 2016 Further reduce costs this year. 10 hundreds of millions of dollars, 2017 Lowered again this year 10 hundred million dollars.
2015 In the year, Rio Tinto Group’s capital expenditure was 46.85 hundreds of millions of dollars, a significant year-on-year decrease 42.6% ( 2014 The annual capital expenditure scale is 81.62 hundreds of millions of U.S. dollars). With the completion of infrastructure expansion projects related to iron ore in the Pilbara region of Western Australia, Rio Tinto will... 2016 The annual capital expenditure scale, as originally set, is... 60 From hundreds of millions of dollars to 40 hundreds of millions of dollars, 2017 The annual capital expenditure scale, as originally set, is... 70 From hundreds of millions of dollars to 50 hundred million dollars.
2015 In the year, Rio Tinto’s global iron ore production and shipments (calculated based on its equity interest) increased year-on-year. 12.6% and 12.9% Although the depreciation of the Australian dollar against the U.S. dollar has helped Rio Tinto increase its iron ore exports, and its iron ore production costs and energy costs have also declined, due to... 2015 The average selling price of Rio Tinto's iron ore fell significantly year-on-year. 42.6% To 48.4 U.S. dollar / Wet ton (approximately 52.6 U.S. dollar / Dry ton) ( FOB ), Rio Tinto’s iron ore division saw a significant year-on-year decline in sales revenue. 34.3% To 153.05 hundred million dollars; EBITDA A significant year-on-year decline 44.7% To 78.72 hundred million dollars; EBITDA Follow the rate. 2014 of the year 61% Drop to 51% Net profit declined significantly year-on-year. 51.3% To 39.52 hundred million dollars. 2015 Year, Rio Tinto’s iron ore division has cumulatively saved production costs. 4.28 hundreds of millions of dollars, which makes 2015 The unit cash cost of iron ore in Rio Tinto’s Pilbara region has... 2014 of the year 19.5 U.S. dollar / ton drop 23.6% To 14.9 U.S. dollar / Ton.
Rio Tinto expects that its iron ore mining operations in Australia and Canada will continue to be affected by adverse weather conditions, and therefore will... 2016 The annual iron ore shipment target is set at: 3.5 100 million tons (by) 100% Equity-based calculation). Source: World Metal Bulletin )