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Rio Tinto financial information by business unit (Tables)
 12 Months Ended
Dec. 31, 2019
Disclosure of changes in accounting policies, accounting estimates and errors [Abstract]  
Disclosure of financial information by business unit


Gross revenue(a)
for the year ended
31 December
EBITDA(b)
for the year ended
31 December
Net earnings(c)
for the year
ended 31 December
Rio Tinto
interest
%
2019
US$m

2018
US$m

2017
US$m

2019
US$m

2018
US$m

2017
US$m

2019
US$m

2018
US$m

2017
US$m

Iron Ore
 
 
 
 
 
 
 
 
 
 
Pilbara
(d)
23,681

18,359

18,143

15,936

11,267

11,383

9,619

6,460

6,576

Dampier Salt
68.4
271

246

215

75

56

27

27

18

3

Evaluation projects/other
 
123

126

108

87

55

137

(8
)
53

116

Total Iron Ore
 
24,075

18,731

18,466

16,098

11,378

11,547

9,638

6,531

6,695


 
 
 
 
 
 
 
 
 
 
Aluminium
(e)
 
 
 
 
 
 
 
 
 
Bauxite
 
2,459

2,324

2,019

969

790

804

441

412

463

Alumina
 
2,657

3,340

2,661

628

1,137

454

301

634

180

Intrasegment
 
(825
)
(861
)
(790
)
(10
)
(7
)
(25
)
(7
)
(5
)
(17
)
Bauxite & Alumina
 
4,291

4,803

3,890

1,587

1,920

1,233

735

1,041

626

Primary Metal
 
4,940

6,468

5,808

755

1,418

1,762

40

595

778

Pacific Aluminium
 
2,204

2,541

2,305

(22
)
148

453

(137
)
—

176

Inter-segment and other
 
(2,256
)
(3,226
)
(2,321
)
36

(88
)
(19
)
26

(67
)
(12
)
Integrated operations
 
9,179

10,586

9,682

2,356

3,398

3,429

664

1,569

1,568

Other product group items
 
1,065

1,479

1,214

(202
)
(440
)
(132
)
(161
)
(344
)
(100
)
Product group operations
 
10,244

12,065

10,896

2,154

2,958

3,297

503

1,225

1,468

Evaluation projects/other
 
96

126

109

131

137

126

96

122

115

Total Aluminium
 
10,340

12,191

11,005

2,285

3,095

3,423

599

1,347

1,583


 
 
 
 
 
 
 
 
 
 
Copper & Diamonds
 
 
 
 
 
 
 
 
 
 
Rio Tinto Kennecott
100.0
1,879

1,862

1,352

843

785

539

397

293

78

Escondida
30.0
2,136

2,274

1,811

1,034

1,301

1,030

325

506

325

Grasberg joint venture
(g)
—

457

33

—

281

(3
)
—

217

(169
)
Oyu Tolgoi and Turquoise Hill
(h)
1,166

1,180

940

357

375

256

25

69

36

Diamonds
(i)
619

695

706

151

301

287

(21
)
118

92

Product group operations
 
5,800

6,468

4,842

2,385

3,043

2,109

726

1,203

362

Evaluation projects/other
 
15

—

—

(312
)
(267
)
(205
)
(172
)
(149
)
(99
)
Total Copper & Diamonds
 
5,815

6,468

4,842

2,073

2,776

1,904

554

1,054

263


 
 
 
 
 
 
 
 
 
 
Energy & Minerals
 
 
 
 
 
 
 
 
 
 
Rio Tinto Coal Australia
(j)
—

989

2,829

—

893

1,223

—

591

716

Iron Ore Company of Canada
58.7
2,189

1,583

1,867

1,024

586

770

332

166

235

Rio Tinto Iron & Titanium
(k)
1,938

1,782

1,763

611

510

546

254

174

201

Rio Tinto Borates
100.0
593

622

630

180

197

244

96

111

126

Uranium
(l)
375

415

417

55

18

15

25

(4
)
(26
)
Product group operations
 
5,095

5,391

7,506

1,870

2,204

2,798

707

1,038

1,252

Simandou iron ore project
(m)
—

—

—

(12
)
(15
)
(13
)
(5
)
(7
)
(6
)
Evaluation projects/other
 
55

60

43

(96
)
(49
)
(9
)
(91
)
(36
)
(7
)
Total Energy & Minerals
 
5,150

5,451

7,549

1,762

2,140

2,776

611

995

1,239


 
 
 
 
 
 
 
 
 
 
Other operations
(n)
18

9

10

(77
)
(70
)
(116
)
(89
)
(102
)
(138
)

 
 
 
 
 
 
 
 
 
 
Inter-segment transactions
 
(31
)
(15
)
(15
)
(9
)
—

—

(3
)
—

—


 
 
 
 
 
 
 
 
 
 
Product group total
 
45,367

42,835

41,857

22,132

19,319

19,534

11,310

9,825

9,642


 
 
 
 
 
 
 
 
 
 
Central pension costs, share-based payments and insurance
 
 
 
 
59

(128
)
(68
)
60

(90
)
(48
)
Restructuring, project and one-off costs
 
 
 
 
(183
)
(272
)
(177
)
(94
)
(190
)
(124
)
Central costs
 
 
 
 
(496
)
(552
)
(491
)
(550
)
(410
)
(311
)
Exploration and evaluation
 
 
 
 
(315
)
(231
)
(218
)
(231
)
(193
)
(178
)
Net interest
 
 
 
 
 
 
 
(122
)
(134
)
(354
)
Underlying EBITDA/earnings
 
 
 
 
21,197

18,136

18,580

10,373

8,808

8,627

Items excluded from underlying EBITDA/earnings
 
—

—

10

(722
)
5,127

1,912

(2,363
)
4,830

135

EBITDA/net earnings
 
 
 
 
20,475

23,263

20,492

8,010

13,638

8,762

Reconciliation to Group income statement
 
 
 
 
 
 
 
 
 
 
Share of equity accounted unit sales and
 
 
 
 
 
 
 
 
 
 
intra-subsidiary/equity accounted unit sales
 
(2,202
)
(2,313
)
(1,837
)
 
 
 
 
 
 
Depreciation and amortisation in subsidiaries
 
 
 
 
 
 
 
 
 
 
excluding capitalised depreciation
 
 
 
 
(4,272
)
(3,909
)
(4,302
)
 
 
 
Impairment charges
 
 
 
 
(3,487
)
(132
)
(796
)
 
 
 
Depreciation and amortisation in equity accounted units
 
 
 
 
(653
)
(650
)
(648
)
 
 
 
Taxation and finance items in equity accounted units
 
 
 
 
(296
)
(372
)
(272
)
 
 
 
Consolidated sales revenue/profit on
ordinary activities before finance items and taxation
 
43,165

40,522

40,030

11,767

18,200

14,474

 
 
 

 
Capital expenditure(o)
for the year
ended 31 December
Depreciation and
amortisation for the year
ended 31 December
Operating assets(p)
as at 31 December
Employees
for the year
ended 31 December

Rio Tinto
interest
%
2019
US$m

2018
US$m

2017
US$m

2019
US$m

2018
US$m

2017
US$m

2019
US$m

2018
US$m

2017
US$m

2019

2018

2017

Iron Ore
 
 
 
 
 
 
 
 
 
 
 
 
 
Pilbara
(d)
1,720

1,288

1,201

1,704

1,682

1,645

13,865

14,486

16,535

10,634

10,422

10,159

Dampier Salt
68.4
21

14

13

19

20

22

152

165

150

347

239

232

Evaluation projects/other
 
—

—

—

—

—

—

2

2

2

—

—

—

Total Iron Ore
 
1,741

1,302

1,214

1,723

1,702

1,667

14,019

14,653

16,687

10,981

10,661

10,391


 
 
 
 
 
 
 
 
 
 
 
 
 
Aluminium
(e)
 
 
 
 
 
 
 
 
 
 
 
 
Bauxite
 
387

953

825

286

165

123

2,597

2,494

1,897

2,940

2,676

2,534

Alumina
 
282

218

108

187

194

209

2,009

2,721

2,733

2,269

2,009

2,012

Intrasegment
 
—

—

—

—

—

—

(27
)
(20
)
(18
)
—

—

—

Bauxite & alumina
 
669

1,171

933

473

359

332

4,579

5,195

4,612

5,209

4,685

4,546

Primary Metal
 
658

595

389

682

615

665

9,674

9,306

9,946

6,357

6,497

6,404

Pacific Aluminium
 
129

115

109

154

149

196

970

1,156

1,016

2,356

2,278

2,173

Inter-segment and other
 
—

—

5

—

(1
)
6

807

789

772

127

180

222

Integrated operations
 
1,456

1,881

1,436

1,309

1,122

1,199

16,030

16,446

16,346

14,049

13,640

13,345

Other product group items
(f)
—

(508
)
—

—

—

—

—

—

—

—

—

—

Product group operations

1,456

1,373

1,436

1,309

1,122

1,199

16,030

16,446

16,346

14,049

13,640

13,345

Evaluation projects/other

—

—

—

3

—

—

—

—

—

—

—

—

Total Aluminium
 
1,456

1,373

1,436

1,312

1,122

1,199

16,030

16,446

16,346

14,049

13,640

13,345


 
 
 
 
 
 
 
 
 
 
 
 
 
Copper & Diamonds
 
 
 
 
 
 
 
 
 
 
 
 
 
Rio Tinto Kennecott
100.0
444

318

249

457

427

422

2,012

1,864

1,936

2,066

1,993

1,734

Escondida
30.0
315

302

248

508

518

507

2,871

3,057

3,369

1,068

1,087

1,079

Grasberg joint venture
(g)
—

171

138

—

30

42

—

—

1,137

—

1,615

1,642

Oyu Tolgoi and Turquoise Hill
(h)
1,289

1,284

901

208

219

344

6,780

6,072

4,725

3,152

2,863

2,835

Diamonds
(i)
38

64

85

144

118

132

195

267

441

940

967

922

Product group operations
 
2,086

2,139

1,621

1,317

1,312

1,447

11,858

11,260

11,608

7,226

8,525

8,212

Evaluation projects/other
 
1

11

1

3

5

5

152

129

135

150

146

142

Total Copper & Diamonds
 
2,087

2,150

1,622

1,320

1,317

1,452

12,010

11,389

11,743

7,376

8,671

8,354


 
 
 
 
 
 
 
 
 
 
 
 
 
Energy & Minerals
 
 
 
 
 
 
 
 
 
 
 
 
 
Rio Tinto Coal Australia
(j)
—

32

84

—

34

152

—

(837
)
1,040

—

1,005

1,924

Iron Ore Company of Canada
58.7
255

189

202

172

154

157

803

975

988

2,617

2,397

2,382

Rio Tinto Iron & Titanium
(k)
249

169

119

193

201

219

3,507

3,390

3,881

4,115

4,058

4,048

Rio Tinto Borates
100.0
43

44

28

60

62

65

525

518

523

924

980

936

Uranium
(l)
5

8

21

3

4

37

(363
)
(406
)
(327
)
857

1,324

1,307

Product group operations
 
552

442

454

428

455

630

4,472

3,640

6,105

8,513

9,764

10,597

Simandou iron ore project
(m)
(1
)
—

—

—

—

—

20

15

17

74

70

10

Evaluation projects/other
 
—

—

—

—

—

—

37

41

41

53

33

25

Total Energy & Minerals
 
551

442

454

428

455

630

4,529

3,696

6,163

8,640

9,867

10,632


 
 
 
 
 
 
 
 
 
 
 
 
 
Other operations
(n)
(4
)
12

(35
)
177

26

32

(83
)
(442
)
(328
)
159

187

203


 
 
 
 
 
 
 
 
 
 
 
 
 
Product group total
 
5,831

5,279

4,691

4,960

4,622

4,980

46,505

45,742

50,611

41,205

43,026

42,925


 
 
 
 
 
 
 
 
 
 
 
 
 
Inter-segment transactions
 
 
 
 
 
 
 
127

129

206

 
 
 
Net assets of disposal groups held for sale
(q)
 
 
 
 
 
 
—

440

370

 
 
 
Other items
 
64

65

70

77

43

42

(2,449
)
(2,880
)
(2,631
)
4,802

4,432

3,882

Less: equity accounted units
 
(456
)
(500
)
(417
)
(653
)
(650
)
(647
)
—

—

—

—

—

—

Total
 
5,439

4,844

4,344

4,384

4,015

4,375

44,183

43,431

48,556

46,007

47,458

46,807

Add back: Proceeds from disposal of property, plant and equipment
 
49

586

138

 
 
 
 
 
 
 
 
 
Total capital expenditure per cash flow statement
 
5,488

5,430

4,482

 
 
 
 
 
 
 
 
 
Less: Net (debt)/cash
 
 
 
 
 
 
 
(3,651
)
255

(3,845
)
 
 
 
Less: EAU funded balances excluded from net debt
 
 
 
 
 
 
 
—

—

—

 
 
 
Equity attributable to owners of Rio Tinto
 
 
 
 
 
 
 
40,532

43,686

44,711