Investor Presentaiton

CHINA YUNNAN COPPER AUSTRALIA VINITIO CYU Supports Foreign Direct Investment FDI is Key to ramping up Domestic Copper Industry as it did for Iron Ore Gay investments in Australia's Iron ore industry Milions of tonnes of Australian iron ore production Mitsui buys stake in Ruge River Chinese steel mills and BP Mitsui participates in Yandi and M form the Wheellara joint venture Chinaico and Rio Tinto tie up Goldsworthy joint venture 409 EXCO 350 Invests in Mitsui buys stake in Channar joint vesture Pilbara joint 800 venture 250 M Newman joint venture Pilbara start-up 200 150 100 58 196 82 85 91 94 97 2000 03 16 09 Source: Australian Financial Review Within Australian regulation, CYU will continue to support foreign direct investment both from private and government sources. Take the example of Australia's second biggest, export industry, Iron Ore. Without FDI initially from the Japanese, the Iron industry would have grown at a much slower rate. Note the year of investment relates directly to growth in the proceeding years, with negligible growth from 1974 to 1988 in a period of reduced foreign investment. A key point here is since the mid 60's, 45 years ago, this relationship of private and public foreign companies buying into strategic assets in Australia has been a harmonious process benefiting both parties. This is a 45 year example of FDI success. Innovative partnerships with Sino Australian and generally APEC partners will further unlock the value in Australia's copper asset base. 25

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