28th Apr 2005 07:02
BHP Billiton PLC28 April 2005 Date 28 April 2005Number 18/05 BHP BILLITON PRODUCTION REPORT FOR THE QUARTER ENDED 31 MARCH 2005 BHP Billiton today released its production report for the quarter ended 31 March2005. Unless otherwise stated, production volumes refer to BHP Billiton share. • In a strong market environment, year to date production of iron ore, metallurgical coal, manganese ore, manganese alloys, natural gas, aluminium, copper, silver, lead, energy coal and ferrochrome was above the nine months ended March 2004. • Ramp up of Western Australia Iron Ore operations continues on schedule, with production of 25.8 million tonnes (100% basis) for the quarter. • Lower oil and condensate production ahead of continued ramp up of the recently commissioned Angostura (Trinidad & Tobago) and Mad Dog (USA) projects. • First gas production from the newly commissioned Minerva (Australia) field. • Record quarterly alumina production of 1.1 million tonnes. • Record quarterly silver and lead production reflecting higher head grades at Cannington (Australia). • Commissioning of Dendrobium (Australia) in April 2005, eight weeks ahead of schedule. • Total Petroleum Products - Total production for the March 2005 quarter was 28.5 million barrels of oil equivalent, four per cent lower than the March 2004 quarter and three per cent lower than the December 2004 quarter. • Oil and Condensate - Production for the March 2005 quarter was 12.3 million barrels, 14 per cent lower than the 14.3 million barrels produced in the March 2004 quarter. Production was lower due to natural field decline in Bass Strait (Australia), Liverpool Bay (UK) and Typhoon /Boris (USA). Production for the quarter was also impacted by higher downtime at Bass Strait and Liverpool Bay, along with the divestment of both Laminaria (Australia) in January 2005 and our producing assets in Bolivia in February 2004. This was partly offset by new production resulting from the commissioning of ROD (Algeria) in October 2004 and Angostura and Mad Dog, both commissioned in January 2005. Production for the March 2005 quarter was one per cent higher than the 12.2 million barrels produced in the December 2004 quarter. New production from Angostura, ROD and Mad Dog and successful infill drilling at Wanaea/ Cossack (Australia) was mostly offset by higher downtime at Liverpool Bay and Bass Strait and the divestment of Laminaria. • Natural Gas - Production for the March 2005 quarter was 82.4 billion cubic feet, eight per cent higher than the 76.5 billion cubic feet produced in the March 2004 quarter. This was primarily due to increased production from North West Shelf LNG (Australia) following the commissioning of the 4th LNG Train in September 2004, along with new production from Minerva following its commissioning in January 2005 and record production at Zamzama reflecting strong demand. This was partially offset by lower demand for Bass Strait gas, higher downtime at Liverpool Bay and natural field decline at Bruce (UK). Production for the March 2005 quarter was six per cent lower than the 87.4 billion cubic feet produced in the December 2004 quarter due to lower demand for Bass Strait gas, higher downtime at Liverpool Bay and North West Shelf LNG and natural field decline in Typhoon/Boris. This was partially offset by new production from Minerva and record production at Zamzama reflecting strong demand. • Alumina - Production for the March 2005 quarter was a record 1.1 million tonnes, three per cent higher than the March 2004 quarter and five percent higher than the December 2004 quarter. This primarily reflects increased production at Worsley due to the processing of stockpiled hydrate. • Aluminium - Production for the March 2005 quarter was 332,000 tonnes in line with both the March 2004 and December 2004 quarters. This reflects consistently strong production from all of BHP Billiton's aluminium smelters, in particular Hillside (South Africa) and Mozal (Mozambique). • Copper - Production for the March 2005 quarter was 249,600 tonnes, four per cent higher than the March 2004 quarter. This mainly reflects increased production at Antamina (Peru) following the return to their normal mine plan after the removal of lakebed sediments was completed in the June 2004 quarter, along with higher mill throughput at Escondida and higher head grades at Cerro Colorado (both Chile). These increases were partly offset by lower production at Tintaya (Peru) due to lower head grades. Production was six per cent lower than the December 2004 quarter due to lower head grades and reduced mill throughput at Escondida and Antamina, and lower head grades at Tintaya. • Silver - Production for the March 2005 quarter was a record 14.0 million ounces, 16 per cent higher than the March 2004 quarter. This mainly reflects increased mill throughput at Cannington resulting from a debottlenecking program, along with higher head grades. Production was 14 per cent higher than the December 2004 quarter reflecting higher head grades at Cannington. • Lead - Production for the March 2005 quarter was a record 80,899 tonnes, 14 per cent higher than the March 2004 quarter. This mainly reflects increased mill throughput at Cannington resulting from a debottlenecking program, along with higher head grades. Production was 13 per cent higher than the December 2004 quarter reflecting higher head grades at Cannington. • Iron Ore - Production for the March 2005 quarter was 24.0 million tonnes, 14 per cent higher than the March 2004 quarter. The increase reflects additional capacity following the completion of several expansion projects at Western Australia Iron Ore underpinned by continuing strong customer demand. Production was four per cent lower than the December 2004 quarter. Western Australia Iron Ore production is in line with the expected ramp up of expansion projects. • Metallurgical Coal - Production for the March 2005 quarter was 8.9 million tonnes, five per cent higher than the March 2004 quarter. This primarily reflects improved operating performance at Illawarra Coal (Australia), along with increased production at Queensland Coal (Australia) underpinned by strong customer demand. Production was seven per cent lower than the December 2004 quarter primarily reflecting lower production at Queensland Coal due to the depletion of reserves at Riverside and scheduled maintenance at Peak Downs. This was partially offset by the improved operating performance at Illawarra Coal. • Manganese ore - Ore production for the March 2005 quarter was 1.3 million tonnes, in line with the March 2004 quarter. Production was five per cent lower than the December 2004 quarter due to scheduled maintenance shutdowns in South Africa and seasonal conditions at Gemco (Australia). • Manganese alloys - Production for the March 2005 quarter was 197,000 tonnes, 10 per cent higher than the March 2004 quarter. This primarily reflects improved operating performance at Metalloys (South Africa). Production was five per cent lower than the December 2004 quarter primarily reflecting changes to product mix at Temco (Australia). • Diamonds - Production of 802,000 carats at Ekati (Canada) was 21 per cent lower than the March 2004 quarter and eight per cent lower than the December 2004 quarter. This primarily reflects processing of lower grade ore in the current quarter. • Energy Coal - Production for the March 2005 quarter of 20.1 million tonnes was six per cent lower than both the March 2004 and December 2004 quarters. This primarily reflects lower domestic production at Ingwe (South Africa) as a result of product mix optimisation to improve export tonnages, along with lower production at New Mexico Coal (USA) due to a longwall move at San Juan underground. Hunter Valley Coal (Australia) achieved record export sales during the quarter reflecting the ramp up of the Mount Arthur North expansion. • Nickel - Production for the March 2005 quarter was 20,800 tonnes, in line with the March 2004 quarter. Record production at Cerro Matoso due to improved plant utilisation was offset by lower production at Yabulu (Australia) as a result of scheduled down time in the current quarter along with increased conversion of work in process inventories to finished goods in the March 2004 quarter. Production was six per cent higher than the December 2004 quarter reflecting improved plant utilisation at Cerro Matoso. • Ferrochrome - Production for the March 2005 quarter was 240,000 tonnes, 10 per cent lower than the March 2004 quarter and 11 per cent lower than the December 2004 quarter. This primarily reflects a maintenance shutdown at Wonderkop JV (South Africa). **** Further information on BHP Billiton can be found on our Internet site: http://www.bhpbilliton.com Australia United KingdomJane Belcher, Investor Relations Mark Lidiard, Investor & Media RelationsTel: +61 3 9609 3952 Mobile: +61 417 031 653 Tel: +44 20 7802 4156 Mobile: +44 7769 934 942email: [email protected] email: [email protected] Tania Price, Media Relations Ariane Gentil, Media RelationsTel: +61 3 9609 3815 Mobile: +61 419 152 780 Tel: +44 20 7802 4177 Mobile: +44 78 81 51 8715email: [email protected] email: [email protected] United States South AfricaMark Lidiard, Investor & Media Relations Michael Campbell, Investor & Media RelationsTel: +1 713 599 6100 Mobile: +44 20 7802 4031 Tel: +27 11 376 3360 Mobile: +27 82 458 2587email: [email protected] email: [email protected] BHP BILLITON PRODUCTION SUMMARY QUARTER ENDED NINE MONTHS ENDED % CHANGE MAR MAR YTD Q05 Q05 05 MARCH DEC MARCH MARCH MARCH vs vs vs 2004 2004 2005 2005 2004 MAR Q04 DEC YTD 04 Q04 PETROLEUM Crude oil & ('000 14,341 12,190 12,345 36,901 44,730 -14% 1% -18% condensate bbl) Natural gas (bcf) 76.47 87.35 82.35 246.89 239.23 8% -6% 3% LPG ('000 217.83 216.07 199.29 646.39 617.67 -9% -8% 5% tonnes) Ethane ('000 16.59 27.20 23.61 78.56 69.16 42% -13% 14% tonnes) Total (million 29.78 29.38 28.49 85.90 92.15 -4% -3% -7% Petroleum boe) Products ALUMINIUM Alumina ('000 1,062 1,036 1,092 3,128 3,165 3% 5% -1% tonnes) Aluminium ('000 333 338 332 1,009 923 0% -2% 9% tonnes) BASE METALS Copper ('000 240.6 265.8 249.6 764.2 681.8 4% -6% 12% tonnes) Lead (tonnes) 70,838 71,509 80,899 217,318 185,413 14% 13% 17% Zinc (tonnes) 35,194 20,918 32,388 77,157 130,200 -8% 55% -41% Gold (ounces) 33,364 31,247 32,152 93,531 94,619 -4% 3% -1% Silver ('000 12,064 12,353 14,044 38,165 32,640 16% 14% 17% ounces) Molybdenum (tonnes) 81 560 431 1,314 696 430% -23% 89% CARBON STEEL MATERIALS Iron ore ('000 21,085 24,916 23,988 71,449 63,683 14% -4% 12% tonnes) Metallurgical ('000 8,532 9,629 8,938 27,844 26,076 5% -7% 7% coal tonnes) Manganese ores ('000 1,264 1,361 1,297 4,037 3,616 3% -5% 12% tonnes) Manganese ('000 179 207 197 599 509 10% -5% 18% alloys tonnes) Hot briquetted ('000 399 - - - 1,422 -100% 0% -100% iron tonnes) DIAMONDS AND SPECIALTY PRODUCTS Diamonds ('000 1,015 872 802 2,660 4,271 -21% -8% -38% carats) ENERGY COAL Energy coal ('000 21,279 21,389 20,079 64,713 62,391 -6% -6% 4% tonnes) STAINLESS STEEL MATERIALS Nickel ('000 21.2 19.7 20.8 60.1 61.8 -2% 6% -3% tonnes) Ferrochrome ('000 266 271 240 776 762 -10% -11% 2% tonnes) Throughout this report figures in italics indicate that this figure has been adjusted since it was previously reported. BHP BILLITON ATTRIBUTABLE PRODUCTION QUARTER ENDED NINE MONTHS ENDED BHP MARCH JUNE SEPT DEC MARCH MARCH MARCH Billiton Interest 2004 2004 2004 2004 2005 2005 2004 PETROLEUM Production Crude oil & (000 bbl) 14,341 13,297 12,366 12,190 12,345 36,901 44,730 condensate Natural gas (bcf) 76.47 85.11 77.19 87.35 82.35 246.89 239.23 LPG ('000 217.83 235.86 231.03 216.07 199.29 646.39 617.67 tonnes) Ethane ('000 16.59 25.14 27.75 27.20 23.61 78.56 69.16 tonnes) Total (million 29.78 30.32 28.03 29.38 28.49 85.90 92.15 Petroleum boe) Products ALUMINIUM ALUMINA Production ('000 tonnes) Worsley 86% 704 696 663 686 746 2,095 2,103 Suriname 45% 228 233 223 222 220 665 685 Alumar 36% 130 130 114 128 126 368 377 Total 1,062 1,059 1,000 1,036 1,092 3,128 3,165 ALUMINIUM Production ('000 tonnes) Hillside 100% 169 167 173 171 169 513 455 Bayside 100% 45 46 46 46 45 137 138 Alumar 46.3% 44 45 44 45 43 132 111 Valesul 45.5% 11 11 11 11 10 32 33 Mozal 47% 64 64 65 65 65 195 186 Total 333 333 339 338 332 1,009 923 BASE METALS (a) COPPER Payable metal in concentrate ('000 tonnes) Escondida 57.5% 130.8 159.1 142.5 146.3 135.4 424.2 355.8 Tintaya 100% 22.9 19.6 14.6 22.1 20.7 57.4 37.9 Antamina 33.8% 24.6 29.9 29.9 33.4 29.9 93.2 62.0 Highland 33.6% - - - - - - 28.3 Valley Copper(b) Selbaie (c) 100% 0.8 - - - - - 4.1 Total 179.1 208.6 187.0 201.8 186.0 574.8 488.1 Cathode ('000 tonnes) Escondida 57.5% 21.7 21.8 21.9 22.2 21.8 65.9 64.9 Cerro Colorado 100% 28.1 31.3 28.3 30.4 29.8 88.5 94.2 Tintaya 100% 9.3 8.7 9.3 9.1 9.6 28.0 27.3 Pinto Valley 100% 2.4 2.2 2.3 2.3 2.4 7.0 7.3 Total 61.5 64.0 61.8 64.0 63.6 189.4 193.7 LEAD Payable metal in concentrate (tonnes) Cannington 100% 70,838 64,472 64,910 71,509 80,899 217,318 185,413 Total 70,838 64,472 64,910 71,509 80,899 217,318 185,413 ZINC Payable metal in concentate (tonnes) Cannington 100% 13,589 13,493 10,968 13,956 15,241 40,165 40,131 Antamina 33.8% 19,099 15,545 12,883 6,962 17,147 36,992 74,058 Selbaie (c) 100% 2,506 - - - - - 16,011 Total 35,194 29,038 23,851 20,918 32,388 77,157 130,200 Refer footnotes on page 4. BASE METALS (continued) GOLD Payable metal in concentrate (ounces) Escondida 57.5% 27,942 26,044 25,370 24,475 25,987 75,832 77,791 Tintaya 100% 4,009 5,101 4,762 6,772 6,165 17,699 6,667 Selbaie (c) 100% 1,413 - - - - - 7,970 Highland 33.6% - - - - - - 2,191 Valley Copper (b) Total 33,364 31,145 30,132 31,247 32,152 93,531 94,619 SILVER Payable metal in concentrate ('000 ounces) Cannington 100% 10,485 9,471 10,339 11,025 12,383 33,747 27,949 Escondida 57.5% 614 720 604 639 650 1,893 1,725 Antamina 33.8% 588 662 692 503 830 2,025 1,517 Tintaya 100% 239 200 134 186 181 500 409 Highland 33.6% - - - - - - 323 Valley Copper(b) Selbaie (c) 100% 138 - - - - - 717 Total 12,064 11,053 11,769 12,353 14,044 38,165 32,640 MOLYBDENUM Payable metal in concentrate (tonnes) Antamina 33.8% 81 240 323 560 431 1,314 126 Highland 33.6% - - - - - - 570 Valley Copper(b) Total 81 240 323 560 431 1,314 696 CARBON STEEL MATERIALS IRON ORE (d) Production ('000 tonnes) Mt Newman 85% 6,031 5,084 6,157 6,611 6,475 19,243 19,377 Joint Venture Goldsworthy 85% 1,348 1,386 1,038 1,037 1,017 3,092 4,458 Joint Venture Area C Joint 85% 1,768 2,519 2,990 4,358 4,451 11,799 3,157 Venture Yandi Joint 85% 8,429 8,046 8,767 9,238 8,713 26,718 26,113 Venture Jimblebar 100% 1,647 1,566 1,675 1,622 1,509 4,806 4,789 Samarco 50% 1,862 1,936 1,918 2,050 1,823 5,791 5,789 Total 21,085 20,537 22,545 24,916 23,988 71,449 63,683 METALLURGICAL COAL (e) Production ('000 tonnes) BMA 50% 5,263 6,285 6,231 6,184 5,959 18,374 16,249 BHP Mitsui 80% 1,811 1,653 1,748 1,822 1,205 4,775 5,328 Coal (f) Illawarra 100% 1,458 1,346 1,298 1,623 1,774 4,695 4,499 Total 8,532 9,284 9,277 9,629 8,938 27,844 26,076 MANGANESE ORES Saleable production ('000 tonnes) South Africa (g) 60% 604 647 632 639 606 1,877 1,855 Australia (g) 60% 660 690 747 722 691 2,160 1,761 Total 1,264 1,337 1,379 1,361 1,297 4,037 3,616 MANGANESE ALLOYS Saleable production ('000 tonnes) South Africa (g) 60% 116 131 121 136 137 394 331 Australia (g) 60% 63 72 74 71 60 205 178 Total 179 203 195 207 197 599 509 Refer footnotes on page 4. CARBON STEEL MATERIALS (cont'd) HOT BRIQUETTED IRON Production ('000 tonnes) Boodarie(TM) 100% 399 294 - - - - 1,422 Iron (h) DIAMONDS AND SPECIALTY PRODUCTS DIAMONDS Production ('000 carats) Ekati(TM) 80% 1,015 1,211 986 872 802 2,660 4,271 ENERGY COAL Production ('000 tonnes) South Africa 100% 13,231 13,768 14,588 13,745 12,769 41,102 40,485 USA 100% 3,687 3,154 3,899 3,731 3,169 10,799 10,076 Australia 100% 2,318 2,590 2,595 2,189 2,258 7,042 6,128 Colombia 33% 2,043 1,982 2,163 1,724 1,883 5,770 5,702 Total 21,279 21,494 23,245 21,389 20,079 64,713 62,391 STAINLESS STEEL MATERIALS NICKEL Production ('000 tonnes) CMSA 99.8% 12.5 12.0 11.9 12.4 13.3 37.6 37.1 Yabulu 100% 8.7 7.9 7.7 7.3 7.5 22.5 24.7 Total 21.2 19.9 19.6 19.7 20.8 60.1 61.8 FERROCHROME Saleable production ('000 tonnes) South Africa (g) 60% 266 264 265 271 240 776 762 (a) Metal production is reported on the basis of payable metal. (b) BHP Billiton sold its interest in Highland Valley Copper with effect from January 3, 2004. (c) Production at Selbaie ceased in February 2004, in accordance with mine plan. Shipments ceased in May 2004. (d) Iron ore production is reported on a wet tonnes basis. (e) Metallurgical coal production is reported on the basis of saleable product. Production figures include some thermal coal. (f) Shown on 100% basis. BHP Billiton interest in saleable production is 80%. (g) Shown on 100% basis. BHP Billiton interest in saleable production is 60%. (h) Production was suspended at Boodarie Iron following an incident in May 2004 and the plant was placed on care and maintenance in November 2004. PRODUCTION AND SHIPMENT REPORT QUARTER ENDED NINE MONTHS ENDED MARCH JUNE SEPT DEC MARCH MARCH MARCH 2004 2004 2004 2004 2005 2005 2004 PETROLEUM BHP Billiton attributable production unless otherwise stated. CRUDE OIL & CONDENSATE ('000 barrels) Bass Strait 5,174 4,641 4,835 4,226 3,754 12,815 16,379 Minerva (a) - - - - 21 21 - North West Shelf - 1,352 1,367 1,330 1,274 1,305 3,909 4,047 condensate North West Shelf - 1,519 1,357 1,475 1,272 1,535 4,282 4,798 Wanaea/Cossack Laminaria (b) 928 803 597 472 84 1,153 3,045 Griffin 380 585 414 473 403 1,290 1,685 Pakistan 50 49 50 54 58 162 156 Typhoon/Boris 1,457 1,462 1,461 1,290 907 3,658 4,276 Mad Dog (a) - - - - 251 251 - Other Americas 332 213 181 180 160 521 1,526 Angostura (a) - - - - 799 799 - Liverpool Bay 1,926 1,788 1,344 1,858 1,289 4,491 6,311 Bruce/Keith 423 388 121 321 290 732 1,263 Ohanet 800 644 558 432 589 1,579 1,244 ROD (c) - - - 338 900 1,238 - Total 14,341 13,297 12,366 12,190 12,345 36,901 44,730 NATURAL GAS (billion cubic feet) Bass Strait 24.95 34.62 35.61 27.44 20.71 83.76 81.85 Minerva (a) - - - - 6.63 6.63 - North West Shelf - 3.91 3.76 3.50 3.51 3.64 10.65 11.85 Domestic North West Shelf - 13.74 15.43 17.78 22.36 20.81 60.95 45.41 LNG Griffin 0.44 0.67 0.68 0.71 0.54 1.93 2.30 Moranbah Coal Bed - - - 0.53 1.07 1.60 - Methane (d) Illawarra Coal Bed - - 1.34 1.65 1.39 4.38 - Methane (e) Pakistan 7.51 7.10 7.69 7.87 8.88 24.44 23.20 Typhoon/Boris 2.14 2.13 2.32 2.53 1.32 6.17 6.13 Mad Dog (a) - - - - 0.03 0.03 - Other Americas 2.60 2.75 1.99 2.05 1.76 5.80 9.58 Bruce/Keith 9.44 8.49 2.26 7.39 7.22 16.87 26.92 Liverpool Bay 11.74 10.16 4.02 11.31 8.35 23.68 31.99 Total 76.47 85.11 77.19 87.35 82.35 246.89 239.23 LPG ('000 tonnes) Bass Strait 111.26 136.52 145.85 127.70 108.56 382.11 391.47 North West Shelf 29.59 32.95 34.66 29.43 32.28 96.37 91.91 Bruce/Keith 19.22 19.27 6.93 18.65 17.85 43.43 52.17 Ohanet 57.76 47.12 43.59 40.29 40.60 124.48 82.12 Total 217.83 235.86 231.03 216.07 199.29 646.39 617.67 ETHANE ('000 tonnes) 16.59 25.14 27.75 27.20 23.61 78.56 69.16 TOTAL PETROLEUM PRODUCTS 29.78 30.32 28.03 29.38 28.49 85.90 92.15 (million barrels of oil equivalent) (f) (a) Minerva, Mad Dog and Angostura commenced production in January 2005. (b) BHP Billiton sold its interest in Laminaria with effect from January 14, 2005. (c) ROD commenced production in October 2004. (d) Moranbah Coal Bed Methane commenced production in September 2004 and was first reported in December 2004. (e) Illawarra Coal Bed Methane production was first reported in December 2004. (f) Total barrels of oil equivalent (boe) conversions are based on the following: 6000 scf of natural gas equals 1 boe; 1 tonne of LPG equals 11.6 boe; 1 tonne of ethane equals 4.4667 boe. PRODUCTION AND SHIPMENT REPORT QUARTER ENDED NINE MONTHS ENDED MARCH JUNE SEPT DEC MARCH MARCH MARCH 2004 2004 2004 2004 2005 2005 2004 ALUMINIUM BHP Billiton attributable production and sales unless otherwise stated. ('000 tonnes) ALUMINA Production Worsley, 704 696 663 686 746 2,095 2,103 Australia Paranam, 228 233 223 222 220 665 685 Suriname Alumar, Brazil 130 130 114 128 126 368 377 Total 1,062 1,059 1,000 1,036 1,092 3,128 3,165 Sales Worsley, 652 732 667 681 734 2,082 2,089 Australia Paranam, 233 214 239 221 210 670 704 Suriname Alumar, Brazil 144 111 129 131 118 378 392 Total 1,029 1,057 1,035 1,033 1,062 3,130 3,185 ALUMINIUM Production Hillside, South 169 167 173 171 169 513 455 Africa Bayside, South 45 46 46 46 45 137 138 Africa Alumar, Brazil 44 45 44 45 43 132 111 Valesul, Brazil 11 11 11 11 10 32 33 Mozal, 64 64 65 65 65 195 186 Mozambique Total 333 333 339 338 332 1,009 923 Sales Hillside, South 176 171 155 189 153 497 455 Africa Bayside, South 49 45 45 41 39 125 138 Africa Alumar, Brazil 39 55 43 44 43 130 102 Valesul, Brazil 11 12 12 11 11 34 34 Mozal, 78 56 59 69 62 190 179 Mozambique Total 353 339 314 354 308 976 908 PRODUCTION AND SHIPMENT REPORT QUARTER ENDED NINE MONTHS ENDED MARCH JUNE SEPT DEC MARCH MARCH MARCH 2004 2004 2004 2004 2005 2005 2004 BASE METALS BHP Billiton attributable production and sales unless otherwise stated. Metals production is payable metal unless otherwise stated. Escondida, Chile Material ('000 83,640 95,757 100,466 97,512 90,838 288,816 235,891 mined (100%) tonnes) Sulphide ore ('000 19,620 21,197 20,637 20,926 19,913 61,476 56,807 milled (100%) tonnes) Average (%) 1.48% 1.61% 1.47% 1.47% 1.41% 1.45% 1.38% copper grade Production ex ('000 239.6 284.2 256.8 265.1 241.1 763.0 644.9 Mill (100%) tonnes) Production Payable ('000 130.8 159.1 142.5 146.3 135.4 424.2 355.8 copper tonnes) Payable gold (fine 27,942 26,044 25,370 24,475 25,987 75,832 77,791 concentrate ounces) Copper ('000 21.7 21.8 21.9 22.2 21.8 65.9 64.9 cathode tonnes) (SXEW) Payable ('000 614 720 604 639 650 1,893 1,725 silver ounces) concentrate Sales Payable ('000 127.3 150.4 140.0 148.3 137.1 425.4 358.3 copper tonnes) Payable gold (fine 28,545 24,874 24,732 25,462 27,882 78,076 80,864 concentrate ounces) Copper ('000 26.2 21.3 22.7 22.7 18.6 64.0 68.1 cathode tonnes) (SXEW) Payable ('000 612 683 582 690 712 1,984 1,820 silver ounces) concentrate Tintaya, Peru Material ('000 17,206 17,944 18,676 17,486 17,575 53,737 38,807 mined tonnes) Ore milled ('000 1,609 1,616 1,621 1,564 1,560 4,745 3,017 tonnes) Average (%) 1.61% 1.45% 1.14% 1.64% 1.56% 1.44% 1.50% copper grade Production Payable ('000 22.9 19.6 14.6 22.1 20.7 57.4 37.9 copper tonnes) Payable gold (fine 4,009 5,101 4,762 6,772 6,165 17,699 6,667 concentrate ounces) Copper ('000 9.3 8.7 9.3 9.1 9.6 28.0 27.3 cathode tonnes) (SXEW) Payable ('000 239 200 134 186 181 500 409 silver ounces) concentrate Sales Payable ('000 23.1 20.6 5.7 25.9 23.3 54.9 33.7 copper tonnes) Payable gold (fine 4,372 4,100 1,219 8,491 7,593 17,303 7,458 concentrate ounces) Copper ('000 8.2 8.4 10.4 8.1 9.2 27.7 25.8 cathode tonnes) (SXEW) Payable ('000 240 226 64 234 193 491 340 silver ounces) concentrate Cerro Colorado, Chile Material ('000 16,199 16,697 17,554 16,378 16,856 50,788 56,386 mined tonnes) Ore milled ('000 3,700 4,330 4,232 4,362 3,865 12,459 12,451 tonnes) Average (%) 0.92% 0.90% 0.87% 0.91% 1.00% 0.92% 0.97% copper grade Production Copper ('000 28.1 31.3 28.3 30.4 29.8 88.5 94.2 cathode tonnes) Sales Copper ('000 27.8 35.5 28.9 28.2 32.5 89.6 91.9 cathode tonnes) Antamina, Peru Material ('000 28,588 36,035 33,177 33,201 30,808 97,186 87,236 mined (100%) tonnes)Related Shares:
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