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RESULTATS DE KANSANSHI MINING 2010
notre part d'impot s'est élevée à 59.8 M US$ alors que ds le meme temps nos bénéfices annuels à recevoir progresse tt de meme de 7 M $.. ce qui veut dire que sur ce trimestre notre gain, si il n'y avait pas eu ce paiement d'impot, aurait été de 66 M US $ environ !! une somme tres tres importante !!
Ds ces chiffres on retrouve les 20 M US$ de dividendes également reçus courant 2010 par zccm-ih de la part de kansanshi.
avant le règlement de la totalité de ces impôts (incluant 2008 2009) en attente depuis la révision de la loi de finances..., les bénéfices sur l'année 2010 étaient de 69 + 20 + 59.8 M soit 148,8 M US$
on doit tjs être sur des montants non versés importants, nets d'impôts autour de 400 M $
le GRZ doit être content, il va recevoir 299 M US $ sous forme d'impôts pour juin 2011 !! les élections après donc :-))
La mine crache tjs autant, pour ne pas dire plus... 66 000 tonnes de cuivre sur le trimestre et des objectifs encore revus à la hausse pour les années futures
The Company, through its Zambian subsidiaries, is party to Development Agreements with GRZ for its existing operations which provide an express right to full and fair compensation for any loss, damages or costs (including interest) incurred by the Company by reason of the government's failure to comply with the tax stability guarantees set out in the Development Agreements, and rights of international arbitration in the event of any dispute. Based on legal advice on its rights under the Development agreement, the Company recorded a receivable from the GRZ for an amount it regarded as reasonable expected ultimate repayment of taxes in excess of that permitted under the Development Agreements. However, in November 2010, the GRZ required payment of all back taxes outstanding pursuant to the 2008 and 2009 legislation. The Company‟s Zambian subsidiaries have agreed to pay the back taxes by June 2011 as required, without prejudice. Given the changes in circumstances, the receivable has been assessed for impairment under the accounting standards. As at December 31, 2010, the Company recorded an impairment of the entire receivable amount of $299.0 million, of which $59.8 million was attributable to non-controlling interest. The impairment charge has been recorded as a component of income tax expense.
Until resolved differently with the GRZ, the Company will account for taxes in excess of the Development Agreement as a tax expense with no associated receivable.
At the Kansanshi operation, an expansion project is underway to expand annual copper production capacity from the current 250,000 tonnes to 400,000 tonnes of copper in 2015. The project will be implemented in two phases. Phase 1, which is currently underway, is expected to increase annual production capacity to approximately 285,000 tonnes. It is focused on expanding the treatment capacity of the oxide circuit by about 20% to 8.5 million tonnes and building in flexibility to allow for the mixed and sulphide circuits to be switched as needed to suit mining activity. The expansion will include the use of relocated equipment from the recently closed Bwana Mkubwa copper SX/EW plant as well as new installations. This phase of the expansion project is scheduled for Q4 2011.
Construction of Phase 2 is expected to start in the second half of 2012 with commissioning targeted for the first half of 2014. This phase of the expansion will focus on the construction of a new concentrator with a planned annual throughput of 25 million tonnes of ore. As a result, Kansanshi‟s total annual production capacity is expected to increase to approximately 400,000 tonnes of copper. The capital budget for Phase 2 is expected to be in the range of $350 million.
Kansanshi‟s Q4 copper production achieved a record 66,232 tonnes, surpassing the previous quarterly record of 62,453 tonnes from Q4 2009. The increased production resulted from strong throughput and recoveries across the circuits. Mine production also improved significantly from the prior year benefitting from new equipment commissioned in Q2 and Q3 2010.
Q4 sulphide circuit production was consistent with the comparative quarter as only minor variances were experienced in throughput, grade and recovery. The sulphide circuit improvements of 2010 are ongoing and some circuit downtime was experienced due to crusher optimization work conducted early in Q4 2010.
The mixed ore circuit achieved record quarterly production in Q4 2010 due to improved throughput and recovery of higher grade sulphide and oxide ore. Throughput benefitted from exceptional milling performance and minimal circuit downtime in Q4. The average recovery of 70% benefitted from ore mined from the northwest pit, which contains an optimal blend of sulphide and oxide ore for processing in the mixed ore circuit.
Q4 oxide circuit production also achieved a quarterly record as a result of improved circuit throughput and high total copper recovery. The benefits from the circuit improvements conducted in 2010, aimed at achieving higher recoveries were seen in Q4 2010.
Gold circuit improvements have significantly increased recovery of gold contained in ore feed, however the gold grade was 35% lower in Q4 2010 resulting in lower total gold production compared to Q4 2009.
Kansanshi‟s cash unit cost of production (C1) increased from Q4 2009 due to higher ore costs and higher processing costs. This was partially offset by an increased gold credit. The cost of ore processed was 11% higher than Q4 2009, despite a decrease in total mining costs per tonne of mined material, due to the impact of higher waste stripping on the cost per ore tonne mined. Processing costs were higher as a result of increased consumable costs and maintenance expenses incurred on the sulphide circuit. The increased gold credit resulted from a higher realized gold price in Q4 2010.
http://www.first-quantum.com/i/pdf/NR-11-05.pdf