Mmg Ltd. · HKEX:1208

Mmg — Minmetals Resources — Shareholder Meeting (May 2012)

11 slides from Mmg's shareholder meeting presentation, May 30, 2012

  1. Slide 1: 2012 Annual General Meeting

    MINMETALS RESOURCES LIMITED 2012 ANNUAL GENERAL MEETING 1208.HK

  2. Slide 2: Disclaimer

    Disclaimer The information contained in this presentation is intended solely for your personal reference and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organisation/firm) or published, in whole or in part, for any pu

  3. Slide 3: 2011 Highlights

    2011 Highlights  Strong operating results and higher commodity prices contribute to solid financial performance in 2011.  Annual production and costs within revised guidance at all operating mines.  Ongoing commitment to sustainability in the regions in which we operate.  Significant progress on

  4. Slide 4: 2011 Financial dashboard

    2011 Financial dashboard Revenue by commodity Revenue by customer location 31% 42% Zinc Australia Copper Europe 5% Gold 18% China Minmetals 5% Silver 34% Lead Other China 8% 40% 11% Other Asia 6% EBITDA by asset C1 operating costs 23% People 3% 27% Century External services Sepon 21% 10% Stores Gold

  5. Slide 5: Cost management remains a priority in 2012

    Cost management remains a priority in 2012 Century C1 costs1 Golden Grove C1 costs USc / lb zinc USc / lb zinc USc / lb copper 65 25 325 20 60 275 15 55 225 2012 guidance: 58 – 62 USc / lb zinc 10 2012 guidance: 15 – 20 USc / lb zinc 285 – 300 USc / lb copper 50 5 175 2010 2011 2012F 2010 2011 2012F

  6. Slide 6: Identification and delivery of new projects

    Identification and delivery of new projects Capital expenditure1 1,200 US$ million  Significant investment at Dugald River Sustaining & other pending final environmental and 1,000 Mine development Board approvals. A$157 million was 800 Growth approved in 2011 to advance the 600 project. 400 200  2

  7. Slide 7: Continuously seeking value accretive M&A opportunities

    Continuously seeking value accretive M&A opportunities M&A is necessary to achieve future growth targets. zinc, copper Commodities nickel, bauxite, alumina careful analysis of political and Geographies operational risk must be meaningful to current Size scale producing, or near producing Stage asset

  8. Slide 8: Kinsevere - a significant step forward in our growth strategy

    Kinsevere - a significant step forward in our growth strategy  Anvil acquisition announced in 2011 and completed in 2012.  Focus on the integration of the operations with progress on consolidating corporate and support services.  Sudden and unexpected network-wide power supply disruptions are imp

  9. Slide 9: Our business will grow from our existing assets and projects

    Our business will grow from our existing assets and projects Minmetals Resources zinc and copper production1  Kinsevere ramp-up to continue in 2012. Copper equivalent units2, indexed, 2011 = 100  Understand and reduce production bottlenecks at Sepon.  Leverage operational experience with focus on

  10. Slide 10: Creating long-term value for shareholders

    Creating long-term value for shareholders  Focus – operate our assets in a safe, efficient and cost effective manner.  Progress – identify, evaluate and develop our suite of growth projects.  Potential – targeted exploration and a disciplined approach to M&A. Mid-tier base metals companies by mar

  11. Slide 11: Focus. Progress. Potential.

    Focus. Progress. Potential.

Minmetals Resources — Shareholder Meeting (May 2012) on 6ix