AngloAmerican Investor Day Presentation Deck
Quellaveco financial modelling
Ownership
Accounting treatment
Project capex (nominal)¹
Construction time / first production
Production (copper equivalent)¹ (ktpa)
By-products²
C1 unit cost ($/lb) (2018 real)³
Grade (%TCu)4
Stay-in-business capex (real)
Tax rate
Anglo American 60%, Mitsubishi 40%
Fully consolidated with a 40% minority interest
Shareholder loans from minority shareholder consolidated in Anglo American net debt
$5.3-5.5 billion (100% basis - Anglo American share 60%, Mitsubishi share 40%)
<4 years, from August 2018. First production in mid-2022
~330 ave. over first 5 years
~300 ave. over first 10 years
~240 ave. over 30 year Reserve Life
~6ktpa contained molybdenum (ave. over first 10 years), with silver content
0.96 ave. over first 5 years
1.05 ave. over first 10 years
1.24 ave. over 30 year Reserve Life
0.84% ROM ave. over first 5 years
0.73% ROM ave. over first 10 years
0.57% ave. over 30 year Reserve Life5
-$70 million pa
~40%
1. Excludes the coarse particle recovery unit approved in February 2021. Production volumes based on the feasibility study completed in 2018, expected update in 2022.
2. By-product credits are included in the C1 unit cost.
3. Based on assumptions (e.g. input costs) as at July 2018, when the feasibility study was completed, expected update in 2022.
4. Grade based on feasibility study completed in 2018, expected update in 2022.
5. Please refer to the Anglo American plc Ore Reserves and Mineral Resources Report 2020 for more details.
6. 100% basis. Excludes deferred stripping.
Anglo American
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