Nov 24 (Reuters) - Rio Tinto (LON:RIO) Ltd RIO.AX
* Rio Tinto outlines new $5 billion productivity push-rio.ax
* Rio Tinto intends to raise productivity across its $50 billion portfolio of assets
* capital expenditure now expected to be less than $3.5 billion in 2016
* Rio tinto-committed to generating $5 billion of additional free cash flow over next 5 years from productivity drive unveiled today as part of its long-term strategy
* capital expenditure guidance of around $5 billion in 2017 and around $5.5 billion in 2018, unchanged from previous estimates.
* 2017 production forecasts generate operating cash flow of around $10 billion based on q3 2016 average prices.
* over next three years, sustaining capital expenditure in pilbara is expected to be around $2.2 billion
* Autohaul project is expected to advance progressively during 2017 and be fully implemented by end of 2018.
* Pilbara shipment guidance for 2017 remains at 330-340 million tonnes of iron ore.
* aluminium product group is on track to deliver 2016 cost savings of $300 million.
* has committed to generating $5 billion of additional free cash flow over next five years from a productivity drive Source text for Eikon: ID:nASX49fTpc Further company coverage: RIO.AX