Rio Tinto and Atlas Copco announce autonomous drilling alliance

Rio Tinto and Atlas Copco announce autonomous drilling alliance

Rio Tinto and Atlas Copco announce autonomous drilling alliance

Rio Tinto and Atlas Copco have formed an alliance to work together to develop autonomous drilling solutions for surface mining.

Rio Tinto has a substantial programme in place to develop automated systems for its surface mining operations which create safer and more efficient operations.

Atlas Copco is a world leader in the manufacture and support of drills used in the mining and civil industries. The company has an extensive range of drills used in these industries and has significant experience in automating drill functions; particularly on its underground drill product lines.

This alliance of compatible interests will accelerate the development and deployment of autonomous drilling solutions for the surface mining industry. Benefits resulting from automating drills include improved operator safety, higher precision of the drilling process and improved equipment reliability resulting in superior performance.

Tom Albanese, chief executive of Rio Tinto said: “Rio Tinto is changing the face of mining. This partnership will help us to increase our lead on the rest of the mining industry and establish our position as the global leader in fully integrated, automated operations.”

“Atlas Copco is a world leader in the manufacture and support of drills used in the mining and civil industries and is the perfect partner for Rio Tinto as we lead the charge to develop the next generation of mining technologies. This development will allow for more efficient operations, delivering more tonnes, faster, with reduced carbon emissions, low costs and a safer working environment.”

Gunnar Brock, chief executive of Atlas Copco, commented: “Atlas Copco has always been at the forefront of rock drilling technology, a position we have achieved by always working close to our customers, and there are numerous examples, including civil construction, rapid and precise tunnelling and production drilling for underground mines, with results now used through out the world.”

“The surface and underground mining industries are moving faster towards automation and control technologies to increase safety and to deliver greater speed and productivity. Automation and its support is becoming an increasingly important aspect of Atlas Copco’s global business, and we look forward to a very productive cooperation with Rio Tinto for the benefit of both parties and the whole mining industry.

About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and NYSE listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Rio Tinto’s business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa.

Forward-Looking Statements
This announcement includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this announcement, including, without limitation, those regarding Rio Tinto’s financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to Rio Tinto’s products, production forecasts and reserve and resource positions), are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Rio Tinto, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding Rio Tinto’s present and future business strategies and the environment in which Rio Tinto will operate in the future. Among the important factors that could cause Rio Tinto’s actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, levels of actual production during any period, levels of demand and market prices, the ability to produce and transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, operational problems, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by governmental authorities such as changes in taxation or regulation and such other risk factors identified in Rio Tinto’s most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission (the “SEC”) or Form 6-Ks furnished to the SEC. Forward-looking statements should, therefore, be construed in light of such risk factors and undue reliance should not be placed on forward-looking statements. These forward-looking statements speak only as of the date of this announcement. Rio Tinto expressly disclaims any obligation or undertaking (except as required by applicable law, the City Code on Takeovers and Mergers (the “Takeover Code”), the UK Listing Rules, the Disclosure and Transparency Rules of the Financial Services Authority and the Listing Rules of the Australian Securities Exchange) to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in Rio Tinto’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Nothing in this announcement should be interpreted to mean that future earnings per share of Rio Tinto plc or Rio Tinto Limited will necessarily match or exceed its historical published earnings per share.

Subject to the requirements of the Takeover Code, none of Rio Tinto, any of its officers or any person named in this announcement with their consent or any person involved in the preparation of this announcement makes any representation or warranty (either express or implied) or gives any assurance that the implied values, anticipated results, performance or achievements expressed or implied in forward-looking statements contained in this announcement will be achieved.

Contacts:

Media Relations London
Christina Mills
Office: +44 (0) 20 7781 1154
Mobile: +44 (0) 7825 275 605

Nick Cobban
Office: +44 (0) 20 7781 1138
Mobile: +44 (0) 7920 041 003

Media Relations, US
Nancy Ives
Mobile: +1 619 540 3751

Media Relations, Australia
Ian Head
Office: +61 (0) 3 9283 3620
Mobile: +61 (0) 408 360 101

Amanda Buckley
Office: +61 (0) 3 9283 3627
Mobile: +61 (0) 419 801 349

Investor Relations, London
Nigel Jones
Office: +44 (0) 20 7781 2049
Mobile: +44 (0) 7917 227 365

David Ovington
Office: +44 (0) 20 7781 2051
Mobile: +44 (0) 7920 010 978

Investor Relations, North America
Jason Combes
Office: +1 (0) 801 685 4535
Mobile: +1 (0) 801 558 2645

Investor Relations, Australia
Dave Skinner
Office: +61 (0) 3 9283 3628
Mobile: +61 (0) 408 335 309

Simon Ellinor
Office: +61 (0) 7 3867 1607
Mobile: +61 (0) 439 102 811

Atlas CopCo Media Relations
Bjorn Rosengren,
Senior Executive Vice President and Business Area President Construction and Mining Technique:
Office:+46 70 417 8502

Further information:

Email: questions@riotinto.com

Website: www.riotinto.com

High resolution photographs available at: www.newscast.co.uk