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Rio Tinto financial information by business unit [Schedule] (Notes)
 6 Months Ended
Jun. 30, 2019
Disclosure of operating segments [abstract]  
Rio Tinto financial information by business unit
Rio Tinto financial information by business unit


Gross revenue(a)
EBITDA(b)
Net earnings(c)


for the 6 months ended
for the 6 months ended
for the 6 months ended

Rio Tinto
interest
%
30 June 2019
US$m

30 June 2018
US$m

30 June 2019
US$m

30 June 2018
US$m

30 June 2019
US$m

30 June 2018
US$m

Iron Ore









Pilbara
(d)
11,039

9,113

7,528

5,626

4,548

3,202

Dampier Salt
68.4
128

123

38

29

14

9

Evaluation projects/other

41

57

(14
)
30

(56
)
20

Total Iron Ore
 
11,208

9,293

7,552

5,685

4,506

3,231















Aluminium
(e)












Bauxite

1,182

1,207

472

452

231

246

Alumina

1,455

1,605

461

435

247

222

Intrasegment

(425
)
(447
)
(2
)
(3
)
(1
)
(2
)
Bauxite & Alumina

2,212

2,365

931

884

477

466

Primary Metal

2,490

3,328

306

917

(14
)
437

Pacific Aluminium

1,112

1,265

(54
)
151

(96
)
55

Inter-segment and other

(1,261
)
(1,450
)
28

(40
)
20

(33
)
Integrated operations

4,553

5,508

1,211

1,912

387

925

Other product group Items

502

589

(144
)
(166
)
(113
)
(129
)
Product group operations

5,055

6,097

1,067

1,746

274

796

Evaluation projects/other

45

51

60

85

41

75

Total Aluminium

5,100

6,148

1,127

1,831

315

871















Copper & Diamonds













Rio Tinto Kennecott
100.0
892

851

425

343

171

107

Escondida
30.0
1,061

1,271

568

790

213

316

Grasberg joint venture
(f)
— 

— 

— 

(5
)
— 

(13
)
Oyu Tolgoi and Turquoise Hill
(g)
735

587

306

202

52

38

Diamonds
(h)
271

323

69

132

(5
)
55

Product group operations

2,959

3,032

1,368

1,462

431

503

Evaluation projects/other

— 

— 

(155
)
(102
)
(83
)
(53
)
Total Copper & Diamonds

2,959

3,032

1,213

1,360

348

450















Energy & Minerals













Rio Tinto Coal Australia
(i)
— 

837

— 

560

— 

342

Iron Ore Company of Canada
58.7
1,075

495

526

122

171

16

Rio Tinto Iron & Titanium
(j)
983

857

339

229

144

60

Rio Tinto Borates
100.0
304

324

98

107

54

60

Uranium
(k)
146

201

39

14

13

6

Product group operations

2,508

2,714

1,002

1,032

382

484

Simandou iron ore project
(l)
— 

— 

(6
)
(6
)
(3
)
(3
)
Evaluation projects/other

31

27

(42
)
(18
)
(38
)
(17
)
Total Energy & Minerals

2,539

2,741

954

1,008

341

464















Other operations
(m)
10

9

(88
)
(27
)
(80
)
(67
)
Intersegment transactions

(7
)
(6
)
— 

— 

— 

— 

Product group total

21,809

21,217

10,758

9,857

5,430

4,949

Central pension costs, share-based payments and insurance





77

(83
)
77

(54
)
Restructuring, project and one-off costs





(175
)
(177
)
(119
)
(39
)
Central costs
 




(272
)
(299
)
(258
)
(236
)
Exploration and evaluation





(138
)
(100
)
(109
)
(86
)
Net interest









(89
)
(118
)
Underlying EBITDA/earnings





10,250

9,198

4,932

4,416

Items excluded from underlying EBITDA/earnings

— 

(10
)
117

325

(802
)
(36
)
EBITDA/net earnings





10,367

9,523

4,130

4,380

Reconciliation to Group income statement













Share of equity accounted unit sales and intra-subsidiary/equity accounted unit sales

(1,087
)
(1,293
)








Depreciation and amortisation in subsidiaries excluding capitalised depreciation





(2,059
)
(2,019
)




Impairment charges





(2,349
)
(123
)




Depreciation and amortisation in equity accounted units





(299
)
(354
)




Taxation and finance items in equity accounted units





(176
)
(243
)




Consolidated sales revenue/profit on ordinary activities before finance items and taxation

20,722

19,914

5,484

6,784





Rio Tinto financial information by business unit continued


Capital expenditure(n)
Depreciation and amortisation
Operating assets(o)


for the 6 months ended
for the 6 months ended
As at

Rio Tinto
interest
%
30 June 2019
US$m

30 June 2018
US$m

30 June 2019
US$m

30 June 2018
US$m

30 June 2019
US$m

31 December 2018
US$m

Iron Ore













Pilbara
(d)
663

485

817

869

14,427

14,486

Dampier Salt
68.4
6

3

9

10

150

165

Evaluation projects/other

— 

— 

— 

— 

2

2

Total Iron Ore

669

488

826

879

14,579

14,653

 













Aluminium
(e)












Bauxite

242

480

112

78

2,681

2,494

Alumina

114

79

96

97

2,481

2,721

Intrasegment

— 

— 

— 

— 

(21
)
(20
)
Bauxite & Alumina

356

559

208

175

5,141

5,195

Primary Metal

303

272

312

311

9,890

9,306

Pacific Aluminium

52

54

77

72

1,148

1,156

Inter-segment and other

— 

— 

— 

— 

799

789

Total Aluminium

711

885

597

558

16,978

16,446















Copper & Diamonds













Rio Tinto Kennecott
100.0
179

158

216

205

1,910

1,864

Escondida
30.0
147

159

237

287

2,951

3,057

Grasberg joint venture
(f)
— 

20

— 

20

— 

— 

Oyu Tolgoi and Turquoise Hill
(g)
651

593

109

114

5,954

6,072

Diamonds
(h)
23

38

77

50

312

267

Product group operations

1,000

968

639

676

11,127

11,260

Evaluation projects/other

2

1

3

3

152

129

Total Copper & Diamonds

1,002

969

642

679

11,279

11,389

 













Energy & Minerals













Rio Tinto Coal Australia
(i)
— 

42

— 

34

— 

(837
)
Iron Ore Company of Canada
58.7
73

59

84

79

827

975

Rio Tinto Iron & Titanium
(j)
95

86

99

107

3,489

3,390

Rio Tinto Borates
100.0
17

21

30

29

525

518

Uranium
(k)
3

3

1

2

(480
)
(406
)
Product group operations

188

211

214

251

4,361

3,640

Simandou iron ore project
(l)
— 

— 

— 

— 

21

15

Evaluation projects/other

— 

— 

— 

— 

42

41

Total Energy & Minerals

188

211

214

251

4,424

3,696















Other operations
(m)
2

8

80

17

(178
)
(442
)
Product group total

2,572

2,561

2,359

2,384

47,082

45,742

Intersegment transactions









152

129

Net assets of disposal groups held for sale
(p)








217

440

Other items

25

23

36

19

(3,031
)
(2,880
)
Less: equity accounted units

(223
)
(239
)
(299
)
(354
)
— 

— 

Total

2,374

2,345

2,096

2,049

44,420

43,431

Add back: Proceeds from disposal of property, plant and equipment

17

18









Total capital expenditure per cash flow statement

2,391

2,363









Less: Net (debt)/cash









(4,855
)
255

Equity attributable to owners of Rio Tinto









39,565

43,686