Investor Presentaiton
Quellaveco financial modelling
Ownership
Accounting treatment
Project capex (nominal)1
Construction time / first production
Production (copper equivalent)1 (ktpa)
By-products³
2022 C1 unit cost ($/lb) 4
Grade (%TCu)5
Anglo American 60%, Mitsubishi 40%
Fully consolidated with a 40% minority interest
Shareholder loans from minority shareholder consolidated in Anglo American net debt
$5.5 billion (100% basis - Anglo American share 60%, Mitsubishi share 40%)
<4
years, from August 2018. First production announced 12 July 2022
~330 ave. over first 5 years
~300 ave. over first 10 years
~220 ave. over 36 year Reserve Life²
~6ktpa contained molybdenum (ave. over first 10 years), with silver content
~135c/lb (based on production guidance of 100-150kt)
0.84% ROM ave. over first 5 years
0.73% ROM ave. over first 10 years
0.53%² ROM ave. over 36 year Reserve Life²
Stay-in-business capex (real)6
~$70 million pa
Tax rate
~40%
1. Excludes the coarse particle recovery unit approved in February 2021. Production volumes based on the feasibility study completed in 2018.
2. Please refer to the most recent Anglo American plc Ore Reserves and Mineral Resources Report for more details.
3. By-product credits are included in the C1 unit cost and volumes are based on the feasibility study completed in 2018.
4. Subject to progressing the ramp-up of production volumes.
5. Grade based on feasibility study completed in 2018.
6. 100% basis. Excludes deferred stripping.
Anglo American
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