Mining Business Overview
QUELLAVECO FINANCIAL MODELLING
Ownership
Accounting treatment
Project capex (nominal)
Construction time / first production
Production (copper equivalent)
(ktpa)
By-products
C1 cash cost ($/lb) (2018 real)
Grade (%TCu)
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 2022
~330 average over first five years
~300 average over first 10 years
~240 average over 30 year Reserve Life
~6ktpa contained molybdenum (average over first 10 years), with silver content
0.96 average over first five years
1.05 average over first 10 years
1.24 average over 30 year Reserve Life
0.84% ROM average over first five years
0.73% ROM average over first 10 years
0.57% average over 30 year Reserve Life1
~$70 million pa
~40%
1. Please refer to the Anglo American plc Ore Reserves and Mineral Resources Report 2019 for more details.
â‘©AngloAmerican
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