Q1 2013



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Message Mer 31 Juil 2013 10:38

Q1 2013

Copper - Zambia
Q1 Q4 Full
Particulars (in’000 tonnes, or as stated) FY2014 FY2013
FY2013 FY2013
Mined metal 36 41 (12%) 33 159
Copper - Total 43 49 (12%) 54 216
Integrated 29 36 (21%) 36 160
Custom 15 13 12% 17 56
Revenue (US$ million) 312.0 355.4 (12%) 443.8 1,742.8
EBITDA (US$ million) 48.8 87.7 (44%) 35.6 257.3
During Q1, mined metal production was 36,000 tonnes, 12% lower than the
corresponding prior quarter mainly due to lower production at the Nchanga open
pits on account of temporary suspension of mining operations at COP F&D since
January 2013, which was partially offset by higher output from Konkola mines and
Tailings Leach Plant.
Integrated copper production was lower at 29,000 tonnes and total copper
production was 12% lower at 43,000 tonnes due to a temporary shutdown of the
Nchanga smelter, resulting in a build up of concentrate inventory that will be
processed in Q2 and Q3.
Cost of integrated production excluding royalty was in line with earlier guidance at
USc223/lb and 23% lower than Q4, when COP F&D was suspended. The benefit of
stable costs was outweighed by lower volumes and lower LME, resulting in an
EBITDA of US$48.8 million.
We now expect to deliver integrated production of around 160kt at a cost of c.
USc230/lb for the full year, FY2014, primarily due to the suspension of mining at


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Inscription: Jeu 30 Juil 2009 16:48

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Message Ven 2 Aoû 2013 12:44

Re: Q1 2013

baisse du prix de revient ce qui est bien une première, et enfin en phase avec l'objectif, augmentation de la prod en cours avec kdeep.. les prochains trimestres vont être bien meilleurs si le cuivre reste sur les niveaux actuels

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