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Capability brochure February 2013
Exploration
Creating value through discovery
Capability brochureExploration
Capability brochure
Exploration
February 2013
Capability brochureExploration
Capability brochure
Exploration
February 2013
PAGE
PAGE 1
PAGE
PAGE 2
Exploration in Rio Tinto
Rio Tinto is a leading international business involved in each stage of metal and mineral production. The Group combines Rio Tinto plc, which is listed on the London Stock Exchange, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.
Cover image
We explore in some of the most remote areas of the world. The metals and minerals we find are used to help make modern life work.
Left
Iron ore exploration in Simandou, Guinea.
Below
Geological compass.
Within Rio Tinto, the Exploration group is tasked with increasing the value of the company by discovering or acquiring new mineral resources. It has been delivering value for more than 50 years.
Exploration involves the identification, prioritisation and testing of geological, geochemical and geophysical targets. The exploration process ends when a discovery is handed over to one of Rio Tinto’s product groups (ie Aluminium, Copper, Diamonds Minerals, Energy and Iron Ore) for detailed evaluation.
Our objective is to safely discover, on average, one “Tier 1” deposit per year.
Rio Tinto’s exploration strategy brings us sustained success in a highly competitive market. We have maintained our commitment to exploration over the years and the consistency of expenditure and activity has produced extraordinary results.
We have an exceptional set of assets and growth opportunities, both in established projects and exploration prospects. We aim for a multi-commodity exploration portfolio composed of the best opportunities available to us.
We set ourselves apart from the rest of the mining industry by having a clear focus on finding and mining only the best resources. These resources must be profitable in all parts of the pric
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