Anglo American plc · LSE:AAL
Anglo American — Investor Presentation (November 2007)
13 slides from Anglo American's investor presentation, Nov 28, 2007
Slide 1: The Los Bronces Development Project
The Los Bronces Development Project Brian Beamish CEO Anglo Base Metals 28th November 2007 This presentation is being made only to and is directed only at (a) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Market
Slide 2: AngloBase Strategy
AngloBase Strategy Our Goals & Ambitions • To become the most highly valued base metals business in the World • Achieve long term sustainable maximisation of shareholder value through finding, acquiring, developing and operating large, long life, low cost base metal businesses in a Zero Harm, social
Slide 3: Copper Market Overview
Copper Market Overview Mine Supply - Demand (Mt) • In 2006 copper was the largest (~$102B Mine Requirement Includes Stock Adjustments CAGR 4.4% turnover) and most profitable (cash margins 24 Currently producing & in construction of ~77%) base metal segment Probable projects Unspecified supply 22 • O
Slide 4: Los Bronces overview
Los Bronces overview • The Los Bronces mine, mill and SxEw plants are located in the Andes Mountains 3,500masl, 65km NE of Santiago • The Las Tortolas Cu-Mo flotation plant is located in Colina, 740masl, 45km N of Santiago • The ore is transported by gravity in a slurry pipeline 56km long • In 2006
Slide 5: The Los Bronces Development Project
The Los Bronces Development Project Project Highlights Production Comparison • Capex $1.744bn (nominal) (10 year average 2011 – 2020) Current LOM Expansion • Expansion will increase ore throughput from current 61ktpd to 148ktpd Mine tonnage (Mtpa) 84 128 Ore treated (Mtpa) 22 53 • Average production
Slide 6: Project Scope
Project Scope • Additional mining equipment • Ore crushing and handling facilities • New grinding plant located at Confluencia • Ore slurry transport • New copper and molybdenum flotation plants at Cerro Las Tortolas • Associated infrastructure 6
Slide 7: Project Design
Project Design Confluencia • New grinding plant 87ktpd nominal capacity located in Confluencia • Connected with Los Bronces by a 5.5x4.5m, 4.2km long tunnel and a 4.4km conveyor belt • Stockpile 70kt capacity • Further expansion possible Las Tortolas • 52km ore slurry pipeline from Confluencia to th
Slide 8: Project Schedule
Project Schedule 2007 2008 2009 2010 2011 A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M Basic Engineering Mills contract award Interim Engineering Project approval Detailed Engineering Construction - Massive Earthmoving - Electromechanical Production
Slide 9: Project Summary
Project Summary In Summary Key Challenges • One of the largest mining projects recently • Labor shortages committed in Chile • Stretched Engineering and Construction • Utilises proven large mine and plant capacity equipment • Equipment and construction materials • Two main physical work locations sh
Slide 10: AngloBase Project Update
AngloBase Project Update Collahuasi Quellaveco • 4 potential projects - 2 debottlenecking • Production of 200ktpa Cu over 26 year and 2 sulphide leach mine life • Total capital cost $3.2Bn (100% basis) • Capital cost $1.7Bn • Potential to expand to as much as 1Mtpa • Revised feasibility study underw
Slide 11: AngloBase Project Update
AngloBase Project Update Michiquillay Pebble • Anglo was successful in the open tender • 50/50 partnership with Northern Dynasty process on 30 April with a bid of $403M for a staged investment of $1.4Bn • This year is focused on reaching • Potential production levels of over agreement with the local
Slide 12: AngloBase Project Update
AngloBase Project Update Barro Alto Jacare • Production of 36ktpa Ni • Licenses acquired in 2000 in central • Capital cost $1.2Bn Brazil • Over 50% of the capital committed to • Potential Ni production in excess of date Barro Alto • First production scheduled for Q1 2010 • Capital cost $1.2Bn + • Dr
Slide 13: AngloBase Growth Prospects
AngloBase Growth Prospects • Copper production could increase by over 100% and nickel by over 400% by 2017 Copper production (tonnes) Nickel production (tonnes) 1,800 Conceptual projects 160 Conceptual projects Development projects Approved projects Approved projects Current production 1,600 Current
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