Rio Tinto Credit Suisse 24 Sept 09

Credit Suisse 2009 Global Steel and Mining Conference Guy Elliott, finance director 24 September 2009

[object Object],[object Object],[object Object],[object Object],[object Object],Cautionary Statement

Key strategic priorities Market outlook and update Longer term story

Current market conditions and outlook ,[object Object],[object Object],[object Object],[object Object]

Source: LME, SBB, Reuters Ecowin * Iron ore CFR China, prices from Dec 04 Source: SBB, LME, Energy Publishing Cycle here is defined as the period from January 2004 to Mid 2008. Highs and lows of monthly prices are taken. Current prices sit between cyclical low and high prices since 2004

Key strategic priorities for next twelve months ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Recapitalisation gives us greater flexibility ,[object Object],[object Object],[object Object],[object Object],Debt maturity profile 2009 - 2017 ($bn) post rights issue Acquisition facility Bond Other Commercial paper

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Closed sales, agreements and binding offers totalling $9 billion since early 2008

Good progress being made against operating cost reduction targets ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Capital expenditure update ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Capex 2009 - 2010 ($bn) Sustaining capex Development capex

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Western Australian iron ore production joint venture

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Long run story continues to be attractive

Key drivers for long term commodity demand growth remain intact ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Doubling in world commodity demand over the next 15-20 years Continued strong underling process of development and urbanisation in emerging economies

Summary ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Credit Suisse 2009 Global Steel and Mining Conference Guy Elliott, CFO 24 September 2009

Rio Tinto Credit Suisse 24 Sept 09

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Viewers also liked

Viewers also liked (9)

Similar to Rio Tinto Credit Suisse 24 Sept 09

Similar to Rio Tinto Credit Suisse 24 Sept 09 (20)

More from Rio Tinto plc

More from Rio Tinto plc (8)

Recently uploaded

Recently uploaded (20)

Rio Tinto Credit Suisse 24 Sept 09