AngloAmerican Results Presentation Deck
Quellaveco modelling
Accounting treatment
Production (copper content) (ktpa)
By-products²
Grade (%TCu)³
Stay-in-business capex (nominal)4
Tax rate
Ramp-up to full design capacity
Accounting treatment considerations
once commercial production is
reached
Fully consolidated with a 40% minority interest
Shareholder loans from minority shareholder consolidated in Anglo American net debt
~330 ave. over first 5 years
~220 ave. over 35 year Reserve Life¹
~5ktpa contained molybdenum (ave. over first 5 years), with silver content
0.82% ROM ave. over first 5 years
0.53%¹ ROM ave. over 35 year Reserve Life¹
~$0.1bn pa
~40%
Ramp-up ongoing with full design capacity expected around mid-2023
Threshold for commercial production will be reached ahead of full design capacity, at which point:
Mine depreciation commences
Cessation of capitalisation of borrowing costs; interest on Mitsubishi shareholder facility will be
expensed in finance costs on consolidation
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1. Refer to the Anglo American plc Ore Reserves and Mineral Resources Report 2022 for more details (published 6 March 2023).
2. By-product credits are included in the C1 unit cost and volumes are based on the average over the first 5 years of production.
3. Grade based on the average over the first 5 years of production.
4. 5-year average on nominal basis. 100% basis. Excludes deferred stripping.
Anglo American
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