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Rio Tinto Announces Increase to Kestrel Ore Reserves

07 Sep 2017  |  08:55:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Increase to Kestrel Ore Reserves

Rio Tinto increased estimates of Rio Tinto Coal Australia's coal reserves at Kestrel underground longwall mine in Qld, Australia, compared to the previous estimate in the 2016 annual report. The updated Ore Reserves and Mineral Resources are reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 (JORC Code) and ASX Listing Rules. As such, the reported increases relating to Kestrel require the additional supporting information set out in this release and its appendix. Kestrel Ore Reserves have increased by 62 Mt, from 123 Mt to 185 Mt. Accordingly, Kestrel Mineral Resources exclusive of Ore Reserves have decreased by 65 Mt, from 306 Mt to 241 Mt. Ore Reserves and Minerals Resources are quoted on a 100% basis.

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