Sustainable Focus and Growth Outlook
Quellaveco modelling
Accounting treatment
Production (copper equivalent) (ktpa)
By-products²
Grade (%TCu)³
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 36 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 36 year Reserve Life¹
Stay-in-business capex (nominal)4
~$0.1bn pa
Tax rate
Ramp-up to full design capacity
Accounting treatment considerations
once commercial production is
reached
•
~40%
Ramp-up ongoing with full design capacity expected from 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
1. Please refer to the most recent Anglo American plc Ore Reserves and Mineral Resources Report for more details.
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
43View entire presentation