First Quantum Minerals is a rapidly growing metals and mining company that produces copper and nickel. It owns several operating mines including Kansanshi in Zambia, Guelb Moghrein in Mauritania, and Ravensthorpe in Australia. It is expanding production at its mines and developing new projects like Sentinel in Zambia to nearly triple its copper production by 2018. First Quantum aims to remain a low cost producer and continue delivering strong growth and returns for shareholders in the copper and nickel industries.
First Quantum has a solid track record of operational and financial results, having developed five mines within nine years on schedule and budget. It is a significant and growing copper producer that is set to more than triple production by 2015. First Quantum also has an emerging nickel production profile and a robust project pipeline that will further increase production. This positions the company for strong growth with a solid base and financial position.
Corporate Presentation - September 2013FirstQuantum
First Quantum Minerals is positioned to become the new global leader in copper production, with production expected to increase from 445,000 tonnes currently to 1.3 million tonnes by 2018 through development of major projects. The company has a geographically diverse portfolio of high-quality, low-cost assets including operations in Africa, Europe, and the Americas, as well as projects under development. First Quantum reported strong financial results in Q2 2013 with increased production and lower costs and expects further growth through completion of expansion projects from 2014-2017.
The document provides an overview and update of First Quantum Minerals Ltd.'s priorities and developments amid volatile market conditions and low commodity prices. It summarizes that the company is focusing on operating safe and efficient mines, protecting its balance sheet, ensuring profitability and cash flows are maximized, and limiting cash outflows to essential projects. Key points include starting a copper hedge program, reducing debt through asset sales, and decreasing capital expenditures while progressing its Cobre Panama project on schedule.
This document provides an overview and update on First Quantum Minerals' actions and developments amid volatile market conditions. It summarizes their action plan to operate safe and efficient facilities, strengthen their balance sheet, ensure profitability and cash flow, and limit cash outflows. It outlines specific actions they have taken in the past year to reduce costs and debt, including job cuts, lowering salaries, reducing capital spending and dividends, and selling assets. It also provides status updates on their projects in development like Cobre Panama and Sentinel and operational sites in Zambia.
First Quantum is the largest global copper producer. It aims to become more geographically diversified through acquisitions of the Las Cruces and Çayeli copper mines in Spain and Turkey. It operates high-quality copper and nickel mines in Zambia, Mauritania, Australia, Finland and its recent acquisitions. It has a pipeline of projects including a copper smelter in Zambia, the Sentinel copper project in Zambia, and the large Cobre Panama copper project in Panama. Most mining companies have cut capital spending, but First Quantum continues to invest heavily in building its production capacity through project development.
This document provides an overview and update on First Quantum Minerals for September 2016. It discusses the company's stronger financial position through refinancing its debt facilities and improving its net debt to EBITDA ratio covenants. Operational updates are provided showing record quarterly copper production and lower costs. The Cobre Panama project remains on track with power plant construction and project financing progressing. Recent positive developments in Zambia include stabilized power supply and changes to the mining tax regime.
The document provides an operational and financial update for a copper mining company. It discusses progress on new production facilities including a smelter in Zambia and the Sentinel and Cobre Panama mines. It also discusses maintaining a healthy balance sheet, enhancing the growth pipeline through projects like Taca Taca, and full year production and cost guidance. The overall message is that the company is delivering new production capacity and industry-leading growth to build a top global copper-focused mining company.
First Quantum has a solid track record of operational and financial results, having developed five mines within nine years on schedule and budget. It is a significant and growing copper producer that is set to more than triple production by 2015. First Quantum also has an emerging nickel production profile and a robust project pipeline that will further increase production. This positions the company for strong growth with a solid base and financial position.
Corporate Presentation - September 2013FirstQuantum
First Quantum Minerals is positioned to become the new global leader in copper production, with production expected to increase from 445,000 tonnes currently to 1.3 million tonnes by 2018 through development of major projects. The company has a geographically diverse portfolio of high-quality, low-cost assets including operations in Africa, Europe, and the Americas, as well as projects under development. First Quantum reported strong financial results in Q2 2013 with increased production and lower costs and expects further growth through completion of expansion projects from 2014-2017.
The document provides an overview and update of First Quantum Minerals Ltd.'s priorities and developments amid volatile market conditions and low commodity prices. It summarizes that the company is focusing on operating safe and efficient mines, protecting its balance sheet, ensuring profitability and cash flows are maximized, and limiting cash outflows to essential projects. Key points include starting a copper hedge program, reducing debt through asset sales, and decreasing capital expenditures while progressing its Cobre Panama project on schedule.
This document provides an overview and update on First Quantum Minerals' actions and developments amid volatile market conditions. It summarizes their action plan to operate safe and efficient facilities, strengthen their balance sheet, ensure profitability and cash flow, and limit cash outflows. It outlines specific actions they have taken in the past year to reduce costs and debt, including job cuts, lowering salaries, reducing capital spending and dividends, and selling assets. It also provides status updates on their projects in development like Cobre Panama and Sentinel and operational sites in Zambia.
First Quantum is the largest global copper producer. It aims to become more geographically diversified through acquisitions of the Las Cruces and Çayeli copper mines in Spain and Turkey. It operates high-quality copper and nickel mines in Zambia, Mauritania, Australia, Finland and its recent acquisitions. It has a pipeline of projects including a copper smelter in Zambia, the Sentinel copper project in Zambia, and the large Cobre Panama copper project in Panama. Most mining companies have cut capital spending, but First Quantum continues to invest heavily in building its production capacity through project development.
This document provides an overview and update on First Quantum Minerals for September 2016. It discusses the company's stronger financial position through refinancing its debt facilities and improving its net debt to EBITDA ratio covenants. Operational updates are provided showing record quarterly copper production and lower costs. The Cobre Panama project remains on track with power plant construction and project financing progressing. Recent positive developments in Zambia include stabilized power supply and changes to the mining tax regime.
The document provides an operational and financial update for a copper mining company. It discusses progress on new production facilities including a smelter in Zambia and the Sentinel and Cobre Panama mines. It also discusses maintaining a healthy balance sheet, enhancing the growth pipeline through projects like Taca Taca, and full year production and cost guidance. The overall message is that the company is delivering new production capacity and industry-leading growth to build a top global copper-focused mining company.
Eternit's earnings call summarized:
1) Eternit's revenue grew 5% in 2Q12 compared to 2Q11, though sales volumes declined for its main products.
2) Net income increased 28.7% in 2Q12, with margins improving across the board.
3) The company continues diversifying its portfolio and expanding capacity, including a new bathroom plant.
4) Eternit maintains a strong financial position and shareholder return policy.
Eternit's earnings call summarized:
1) Eternit's 2Q12 revenue increased 5.0% to R$211 million compared to 2Q11 due to a 24.4% rise in EBITDA despite sales volume reductions in key products.
2) Margins improved with gross margin up 6 points to 44% and net margin up 3 points to 13% through increased efficiencies.
3) The company has a diversified portfolio including fiber cement, concrete tiles, bathroom products, and mining to drive future growth.
4) Capital investments of R$16 million in 2Q12 are expanding production capacity and developing new business lines like synthetic marble.
Eternit's earnings call summarized:
1) Eternit's 2Q12 revenue grew 5% to R$211 million compared to 2Q11 due to a 24.4% increase in EBITDA despite sales volume reductions in key products.
2) Margins improved with gross margin up 6 points to 44% and net margin up 3 points to 13% through increased efficiencies.
3) The company has a diversified portfolio including fiber cement, concrete tiles, bathroom products, and mining to balance performance across economic cycles.
4) Capital investments of R$16 million in 2Q12 focused on expanding capacity and developing new businesses like synthetic marble to drive future growth.
The document summarizes a conference call about Eternit's 2Q12 earnings results. Key highlights include:
- Sales volumes declined for chrysotile mineral, fiber cement, and concrete tiles compared to 2Q11. However, net revenue increased 5.0% to R$211 million due to margin improvements.
- EBITDA grew 24.4% to R$39.3 million and net income increased 28.7% to R$27 million due to gains in gross, EBITDA, and net margins.
- The company has a diversified portfolio across fiber cement, concrete tiles, bathroom products, and other construction materials. Capital expenditures focused on expanding capacity and acquiring new business units.
First Quantum is a significant copper and growing nickel producer that is on the cusp of transformational growth through projects that will triple its copper production capacity and increase annual nickel production to 125,000 tonnes. It has a strong financial position with $375 million in cash and $1.25 billion in available financing. First Quantum has delivered the best copper growth in the industry over the past decade and leading shareholder returns through efficient project delivery at costs below industry norms. It aims to be within the top 10 largest copper and nickel producers globally by 2016.
Kasbah Resources Limited is an emerging tin producer with two tin assets in Morocco. It has $28.5 million in cash and is funded to advance its flagship Achmmach tin project through a definitive feasibility study by the end of 2013. Kasbah also has exploration upside at its 100%-owned Bou El Jaj project located 15km from Achmmach. Toyota Tsusho Corporation can earn a 20% interest in Achmmach by making staged payments totaling $16 million and signing a joint venture agreement.
Objective Capital Rare Earths, Speciality and Minor Metals Investment Summit
The challenges of developing a lithium project
– reopening the Quebec Lithium Project
18 March 2010
by Peter Secker, Canada Lithium
This document discusses the tin market and opportunities for new tin sources. It notes that tin production is led by a few major companies and countries. While global reserves remain steady, supply is constrained, supporting higher prices. Tin finds major applications in electronics and other industries. New mining projects are needed to meet demand and replace depleting resources. The document examines major tin producers and deposits, forecasts for supply and prices, and opportunities for new projects.
- The document is a corporate presentation summarizing Eternit's 2Q12 performance.
- Key highlights include recognition awards, revenue growth of 5% despite volume reductions in some areas, and margin improvements.
- Eternit has a diversified portfolio including fiber cement, concrete tiles, mining, and other construction materials.
- It has production facilities, commercial branches, and showrooms in Brazil.
- Globally, Brazil is the 3rd largest producer of chrysotile mineral, while Eternit has about 15% of the domestic market share in Brazil.
Kasbah Resources is an emerging tin producer with two tin projects in Morocco. It has a 14.6 Mt resource at its Achmmach Project containing 135,000 tonnes of tin. Toyota Tsusho is earning into Achmmach and a pre-feasibility study is due in April 2012. Kasbah has an experienced tin team and aims to become the next pure tin producer.
Kasbah Resources is an emerging tin producer with two tin projects in Morocco. It has a 14.6 Mt resource at its Achmmach project containing 135,000 tonnes of tin. Toyota Tsusho is earning into Achmmach and will provide strategic marketing support. A pre-feasibility study on the project is underway and expected for completion in April 2012. Kasbah aims to become the next pure tin producer and has an experienced tin team advancing its projects towards development.
Orocan Resource Corp is a pure play graphite exploration company with properties in Quebec and Ontario. It plans an aggressive exploration strategy in 2012, including airborne and ground electromagnetic surveys and an initial 5,000m drilling program on 8-10 priority targets. Global graphite demand is increasing due to uses in lithium-ion batteries, fuel cells, and other technologies. China currently dominates production but supply concerns exist, while prices are rising. Orocan aims to become a significant new graphite producer.
Inmet Mining Corporation presented at the 21st Annual Global Metals & Mining Conference in Hollywood, Florida on February 27, 2012. The presentation provided an overview of Inmet's operations and development projects, highlighting its proven track record over 20+ years of responsibly developing, building, and closing mines. It also summarized Inmet's key metrics for 2011 and production and cost guidance for 2012, noting its portfolio of low-cost, stable operations with very low geopolitical risk. Additionally, the presentation discussed Inmet's flagship Cobre Panama project as one of the largest undeveloped copper deposits globally.
Rio Tinto Plc Agm 2008 Presentation SlidesRio Tinto plc
The document summarizes the annual general meeting of Rio Tinto held on April 17, 2008. Three new directors were appointed in October 2007. Rio Tinto reported record earnings, cash flow, capital investment, and new capital commitments in 2007. The dividend was increased by 31% and commitments were made for further 20%+ increases in 2008 and 2009. Rio Tinto's acquisition of Alcan was described as strategically fitting and transforming. BHP Billiton's takeover offer was rejected on value grounds. Rio Tinto was described as well positioned for continued strong demand from China and India.
This document discusses Petrobras' recent activities and opportunities in India and China. It notes that Petrobras has begun exploration activities in India through agreements with ONGC. It also summarizes Petrobras' current activities and partnerships in China, including a representative office in Beijing and agreements with Sinopec and CNPC. Finally, it outlines a recent opportunity Petrobras seized in Japan to acquire a refinery and storage and shipping terminals to boost its Asian market and trade.
Australia China Resources Symposium Spotlight Presentation NT Neville Bergin ...Symposium
Minemakers Limited is an Australian mining company focused on becoming a significant global player in phosphate rock mining and fertilizer production. It owns 100% of the large Wonarah phosphate project in Australia and a 48.4% stake in the Sandpiper project in Namibia. Minemakers is inviting potential partners to jointly fund the Wonarah Definitive Feasibility Study in return for project ownership. Wonarah has a JORC-compliant resource of over 780 million tonnes and preliminary studies show attractive financial metrics for the development of a phosphate fertilizer operation.
The document discusses Natural Resource Partners' upcoming investor meetings in Houston. It provides an overview of NRP's business, including that it owns and leases mineral properties in the US, primarily coal reserves. It also details NRP's recent acquisition of trona/soda ash operations, which further diversifies its revenue sources. Additionally, the summary provides an overview of NRP's coal business, noting its large coal reserves and production across major US coal basins.
The document provides an overview of APIMEC-RIO, a Brazilian construction materials company, including:
- A disclaimer noting forward-looking statements are subject to market conditions and other factors.
- Details on the company's various business segments and products, locations of plants and showrooms, market shares, capacities.
- Charts showing historical and projected sales, costs, margins, capital expenditures.
- An outlook that conditions are favorable for the civil construction industry in Brazil.
The document provides a results presentation for 3Q10. It includes a disclaimer about forward-looking statements. It then summarizes the company's corporate profile, locations of its fiber cement and concrete tile plants, key events in its timeline since 1940, and its sales of chrysotile ore which increased 16.1% in 3Q10 compared to the prior year. Finally, it discusses the company's products and solutions for civil construction, including its acquisition of a roofing company in 2010 to expand into roof coverings solutions.
TNR Gold Corp. (TSX-V: TNR) is a mineral exploration company actively pursuing a portfolio of gold, copper, and Rare Earth Element (REE) containing properties worldwide. Our primary focus is in exploration and development of our key ventures which are the Shotgun gold project in Alaska, TNR iron ore and REE projects in Soules Bay, Canada and our ongoing project generator in Argentina. The Argentine Los Azules project is held under the wholly-owned subsidiary Solitario Argentina S. A. ("Solitario"), we are currently moving forward with the litigation over some of the claims on the property while we continue to explore and identifying new quality prospective ventures globally.
TNR's strategy is to strengthen its assets through partnerships with mid-tier and major companies, and establish long-term cash flow through royalty interests and project development.
1. First Quantum Minerals held its annual general meeting on May 4th, 2018 to discuss the company's strong financial results in the first quarter of 2018, benefiting from continued capital investment.
2. The meeting overviewed the company's high-quality, diversified asset portfolio including operating mines, development projects, and smelting operations across 9 countries.
3. Construction of the Cobre Panama project in on track with phased commissioning in 2018 and overall project 70% complete, which will further drive growth for the company.
1) First Quantum Minerals held its annual general meeting on May 3rd, 2018 to discuss the company's strong financial results in the first quarter of 2018, benefiting from continued capital investment.
2) The meeting outlined the company's diversified portfolio of mining assets across 7 countries, highlighting recent additions at Sentinel and Kansanshi that have contributed to profitability.
3) Construction of the Cobre Panama project in on track for phased commissioning in 2018, with the project over 70% complete, which will drive further production growth for the company.
Eternit's earnings call summarized:
1) Eternit's revenue grew 5% in 2Q12 compared to 2Q11, though sales volumes declined for its main products.
2) Net income increased 28.7% in 2Q12, with margins improving across the board.
3) The company continues diversifying its portfolio and expanding capacity, including a new bathroom plant.
4) Eternit maintains a strong financial position and shareholder return policy.
Eternit's earnings call summarized:
1) Eternit's 2Q12 revenue increased 5.0% to R$211 million compared to 2Q11 due to a 24.4% rise in EBITDA despite sales volume reductions in key products.
2) Margins improved with gross margin up 6 points to 44% and net margin up 3 points to 13% through increased efficiencies.
3) The company has a diversified portfolio including fiber cement, concrete tiles, bathroom products, and mining to drive future growth.
4) Capital investments of R$16 million in 2Q12 are expanding production capacity and developing new business lines like synthetic marble.
Eternit's earnings call summarized:
1) Eternit's 2Q12 revenue grew 5% to R$211 million compared to 2Q11 due to a 24.4% increase in EBITDA despite sales volume reductions in key products.
2) Margins improved with gross margin up 6 points to 44% and net margin up 3 points to 13% through increased efficiencies.
3) The company has a diversified portfolio including fiber cement, concrete tiles, bathroom products, and mining to balance performance across economic cycles.
4) Capital investments of R$16 million in 2Q12 focused on expanding capacity and developing new businesses like synthetic marble to drive future growth.
The document summarizes a conference call about Eternit's 2Q12 earnings results. Key highlights include:
- Sales volumes declined for chrysotile mineral, fiber cement, and concrete tiles compared to 2Q11. However, net revenue increased 5.0% to R$211 million due to margin improvements.
- EBITDA grew 24.4% to R$39.3 million and net income increased 28.7% to R$27 million due to gains in gross, EBITDA, and net margins.
- The company has a diversified portfolio across fiber cement, concrete tiles, bathroom products, and other construction materials. Capital expenditures focused on expanding capacity and acquiring new business units.
First Quantum is a significant copper and growing nickel producer that is on the cusp of transformational growth through projects that will triple its copper production capacity and increase annual nickel production to 125,000 tonnes. It has a strong financial position with $375 million in cash and $1.25 billion in available financing. First Quantum has delivered the best copper growth in the industry over the past decade and leading shareholder returns through efficient project delivery at costs below industry norms. It aims to be within the top 10 largest copper and nickel producers globally by 2016.
Kasbah Resources Limited is an emerging tin producer with two tin assets in Morocco. It has $28.5 million in cash and is funded to advance its flagship Achmmach tin project through a definitive feasibility study by the end of 2013. Kasbah also has exploration upside at its 100%-owned Bou El Jaj project located 15km from Achmmach. Toyota Tsusho Corporation can earn a 20% interest in Achmmach by making staged payments totaling $16 million and signing a joint venture agreement.
Objective Capital Rare Earths, Speciality and Minor Metals Investment Summit
The challenges of developing a lithium project
– reopening the Quebec Lithium Project
18 March 2010
by Peter Secker, Canada Lithium
This document discusses the tin market and opportunities for new tin sources. It notes that tin production is led by a few major companies and countries. While global reserves remain steady, supply is constrained, supporting higher prices. Tin finds major applications in electronics and other industries. New mining projects are needed to meet demand and replace depleting resources. The document examines major tin producers and deposits, forecasts for supply and prices, and opportunities for new projects.
- The document is a corporate presentation summarizing Eternit's 2Q12 performance.
- Key highlights include recognition awards, revenue growth of 5% despite volume reductions in some areas, and margin improvements.
- Eternit has a diversified portfolio including fiber cement, concrete tiles, mining, and other construction materials.
- It has production facilities, commercial branches, and showrooms in Brazil.
- Globally, Brazil is the 3rd largest producer of chrysotile mineral, while Eternit has about 15% of the domestic market share in Brazil.
Kasbah Resources is an emerging tin producer with two tin projects in Morocco. It has a 14.6 Mt resource at its Achmmach Project containing 135,000 tonnes of tin. Toyota Tsusho is earning into Achmmach and a pre-feasibility study is due in April 2012. Kasbah has an experienced tin team and aims to become the next pure tin producer.
Kasbah Resources is an emerging tin producer with two tin projects in Morocco. It has a 14.6 Mt resource at its Achmmach project containing 135,000 tonnes of tin. Toyota Tsusho is earning into Achmmach and will provide strategic marketing support. A pre-feasibility study on the project is underway and expected for completion in April 2012. Kasbah aims to become the next pure tin producer and has an experienced tin team advancing its projects towards development.
Orocan Resource Corp is a pure play graphite exploration company with properties in Quebec and Ontario. It plans an aggressive exploration strategy in 2012, including airborne and ground electromagnetic surveys and an initial 5,000m drilling program on 8-10 priority targets. Global graphite demand is increasing due to uses in lithium-ion batteries, fuel cells, and other technologies. China currently dominates production but supply concerns exist, while prices are rising. Orocan aims to become a significant new graphite producer.
Inmet Mining Corporation presented at the 21st Annual Global Metals & Mining Conference in Hollywood, Florida on February 27, 2012. The presentation provided an overview of Inmet's operations and development projects, highlighting its proven track record over 20+ years of responsibly developing, building, and closing mines. It also summarized Inmet's key metrics for 2011 and production and cost guidance for 2012, noting its portfolio of low-cost, stable operations with very low geopolitical risk. Additionally, the presentation discussed Inmet's flagship Cobre Panama project as one of the largest undeveloped copper deposits globally.
Rio Tinto Plc Agm 2008 Presentation SlidesRio Tinto plc
The document summarizes the annual general meeting of Rio Tinto held on April 17, 2008. Three new directors were appointed in October 2007. Rio Tinto reported record earnings, cash flow, capital investment, and new capital commitments in 2007. The dividend was increased by 31% and commitments were made for further 20%+ increases in 2008 and 2009. Rio Tinto's acquisition of Alcan was described as strategically fitting and transforming. BHP Billiton's takeover offer was rejected on value grounds. Rio Tinto was described as well positioned for continued strong demand from China and India.
This document discusses Petrobras' recent activities and opportunities in India and China. It notes that Petrobras has begun exploration activities in India through agreements with ONGC. It also summarizes Petrobras' current activities and partnerships in China, including a representative office in Beijing and agreements with Sinopec and CNPC. Finally, it outlines a recent opportunity Petrobras seized in Japan to acquire a refinery and storage and shipping terminals to boost its Asian market and trade.
Australia China Resources Symposium Spotlight Presentation NT Neville Bergin ...Symposium
Minemakers Limited is an Australian mining company focused on becoming a significant global player in phosphate rock mining and fertilizer production. It owns 100% of the large Wonarah phosphate project in Australia and a 48.4% stake in the Sandpiper project in Namibia. Minemakers is inviting potential partners to jointly fund the Wonarah Definitive Feasibility Study in return for project ownership. Wonarah has a JORC-compliant resource of over 780 million tonnes and preliminary studies show attractive financial metrics for the development of a phosphate fertilizer operation.
The document discusses Natural Resource Partners' upcoming investor meetings in Houston. It provides an overview of NRP's business, including that it owns and leases mineral properties in the US, primarily coal reserves. It also details NRP's recent acquisition of trona/soda ash operations, which further diversifies its revenue sources. Additionally, the summary provides an overview of NRP's coal business, noting its large coal reserves and production across major US coal basins.
The document provides an overview of APIMEC-RIO, a Brazilian construction materials company, including:
- A disclaimer noting forward-looking statements are subject to market conditions and other factors.
- Details on the company's various business segments and products, locations of plants and showrooms, market shares, capacities.
- Charts showing historical and projected sales, costs, margins, capital expenditures.
- An outlook that conditions are favorable for the civil construction industry in Brazil.
The document provides a results presentation for 3Q10. It includes a disclaimer about forward-looking statements. It then summarizes the company's corporate profile, locations of its fiber cement and concrete tile plants, key events in its timeline since 1940, and its sales of chrysotile ore which increased 16.1% in 3Q10 compared to the prior year. Finally, it discusses the company's products and solutions for civil construction, including its acquisition of a roofing company in 2010 to expand into roof coverings solutions.
TNR Gold Corp. (TSX-V: TNR) is a mineral exploration company actively pursuing a portfolio of gold, copper, and Rare Earth Element (REE) containing properties worldwide. Our primary focus is in exploration and development of our key ventures which are the Shotgun gold project in Alaska, TNR iron ore and REE projects in Soules Bay, Canada and our ongoing project generator in Argentina. The Argentine Los Azules project is held under the wholly-owned subsidiary Solitario Argentina S. A. ("Solitario"), we are currently moving forward with the litigation over some of the claims on the property while we continue to explore and identifying new quality prospective ventures globally.
TNR's strategy is to strengthen its assets through partnerships with mid-tier and major companies, and establish long-term cash flow through royalty interests and project development.
1. First Quantum Minerals held its annual general meeting on May 4th, 2018 to discuss the company's strong financial results in the first quarter of 2018, benefiting from continued capital investment.
2. The meeting overviewed the company's high-quality, diversified asset portfolio including operating mines, development projects, and smelting operations across 9 countries.
3. Construction of the Cobre Panama project in on track with phased commissioning in 2018 and overall project 70% complete, which will further drive growth for the company.
1) First Quantum Minerals held its annual general meeting on May 3rd, 2018 to discuss the company's strong financial results in the first quarter of 2018, benefiting from continued capital investment.
2) The meeting outlined the company's diversified portfolio of mining assets across 7 countries, highlighting recent additions at Sentinel and Kansanshi that have contributed to profitability.
3) Construction of the Cobre Panama project in on track for phased commissioning in 2018, with the project over 70% complete, which will drive further production growth for the company.
- First Quantum Minerals is a global copper producer with high-quality, cash-generating mines and imminent new production from its Cobre Panama project.
- The company has executed a strategy to focus on margin improvement, sell non-core assets, limit cash outflow, and restructure its balance sheet to fund development of Cobre Panama.
- Cobre Panama is on track and ramping up, with the potential to produce over 300,000 tonnes of copper annually by 2020, which would place First Quantum among the top copper producers globally.
First Quantum Minerals is advancing its major Cobre Panama copper project on schedule. The project is ramping up construction of the port and power station. The first 150MW power generating unit is commissioned and connected to Panama's electricity grid, with the second 150MW unit expected to follow in mid-2018. First Quantum is also maintaining good operations at its existing mines, with record quarterly copper production and sales in Q3 2017, while progressing early-stage development projects in Argentina and Peru.
First Quantum Minerals is advancing its major Cobre Panama copper project in Panama on schedule. The power station is commissioning its first 150MW generating set, with grid supply expected in Q1 2018. Project financing is nearing completion, targeting up to $2.5 billion. First Quantum increased its ownership in Minera Panama, which holds the Cobre Panama concession, to 90%. The company is also maintaining good operations at its existing mines, with record quarterly copper production and sales in Q3 2017, while progressing its Haquira and Taca Taca early-stage development projects.
First Quantum Minerals is a leading copper producer with 8 operating assets and 5 development projects. It has a platform of high-quality, efficient operations and a healthy balance sheet. The company's Cobre Panama project is over 50% complete and is expected to begin phased commissioning in 2018. First Quantum also has a robust pipeline of copper projects, including the Taca Taca project in Argentina and the Haquira project in Peru, that will further grow the company's copper production.
This document provides an overview of First Quantum Minerals and its operations. It discusses the company's growth in copper production through projects like Sentinel mine and Cobre Panama. It highlights record copper production and sales in 2016. The document also summarizes the company's financial positioning through debt refinancing and improved liquidity. First Quantum's guidance shows continued growth in copper production from 570,000 tonnes in 2017 to 605,000 tonnes in 2019. Capital expenditures are forecasted to be $1.07 billion in 2017 with the largest amount allocated to the Cobre Panama project.
This document provides an overview and update of First Quantum Minerals for 2017. It begins with cautionary notes about forward-looking statements. It then summarizes that First Quantum is a leading copper producer that has seen unrivaled growth in copper production through projects like Sentinel mine and Cobre Panama. Cobre Panama remains on track for phased commissioning beginning in 2018. First Quantum also had a strong 2016 with record production and sales, lower costs, and strengthened financial position. Guidance is given for 2017-2019 production volumes and costs. Capital expenditure plans include continuing investment in Cobre Panama.
1) First Quantum Minerals achieved strong operating performance in Q3 2016, setting new quarterly production records at several mines. Costs also decreased due to cost cutting measures and a new smelter.
2) The company is in a stronger financial position, with $810 million in unrestricted cash and $593 million available in an undrawn credit facility. Net debt is within bank covenant levels.
3) Development of the Cobre Panama project remains on track. Over half a billion dollars was spent on the project in 2016, with construction of the power station and port facilities ongoing. Project financing is progressing with financial close expected within 12 months.
This document discusses actions taken by First Quantum Minerals to strengthen its financial position amid volatile market conditions for copper and nickel. It summarizes steps like reducing capital spending and workforce, issuing equity, renegotiating debt, and starting a copper hedging program. It also provides an update on mining operations and projects, including ramping up production at its Sentinel mine and ongoing development of the large Cobre Panama project.
This document from First Quantum Minerals outlines actions taken to strengthen its financial position amid volatile market conditions, including reducing capital expenditures and workforce, issuing equity, renegotiating debt agreements, and implementing a copper hedge program. It provides an update on mining operations in Q1 2016, noting record copper production and lower costs. It also discusses ongoing development of the Cobre Panama project and an expected positive outlook from regulatory changes in Zambia.
The document provides an operational and financial summary for First Quantum Minerals. It discusses the company's priorities of operating safe and efficient mines, maintaining a healthy balance sheet, achieving full operations at Sentinel, and progressing the Cobre Panama project. Key points include declaring commercial production at Sentinel in July 2015, cost containment actions to maintain the balance sheet, progress constructing power lines and ramping up at Sentinel, and advancing construction at the Cobre Panama project including the port, power station, and process plant. Guidance is given for 2015 production and capital expenditures.
The document provides an operational and financial summary for First Quantum Minerals. It discusses the company's priorities of operating safe and efficient mines, maintaining a healthy balance sheet, achieving full operations at Sentinel, and progressing the Cobre Panama project. Key points include ramping up production at Sentinel, ongoing construction progress at Cobre Panama, and full-year 2015 production and capital expenditure guidance. Cost control measures have been implemented to maintain a strong financial position during a period of lower commodity prices.
The document discusses First Quantum Minerals' performance in 2014 and outlook for 2015. In 2014, the company achieved its highest ever copper production while maintaining low cash costs. It completed construction of its new Sentinel mine and copper smelter. For 2015, First Quantum guides for copper production between 410,000-440,000 tonnes with cash costs of $1.30-1.55/lb. It reduced capital expenditures to $1.2-1.4 billion and lowered its dividend due to a lower copper price environment. The company remains focused on building its portfolio and growing annual copper production to over 800,000 tonnes through projects like Cobre Panama.
The document discusses First Quantum Minerals' performance in 2014 and outlook for 2015. In 2014, FQM achieved its highest ever copper production while maintaining low cash costs. It completed major projects like Sentinel and commissioned a new smelter. For 2015, FQM provides production and cost guidance across its portfolio and reduced its capital spending due to lower metal prices. It is taking measures to withstand low prices, including engaging with lenders on debt covenants. FQM remains focused on building its leading copper portfolio through its Cobre Panama project and other growth opportunities.
This document provides an overview of First Quantum Minerals, a global mining company. It discusses the company's operations, projects under development, and growth plans. First Quantum aims to become a leading copper-focused company by investing over $6 billion in its Cobre Panama project and other major projects that will increase copper production capacity to over 1 million tonnes per year by 2018. It has delivered projects at significantly lower costs than industry averages and aims to maintain efficient operations.
First Quantum Minerals Q2 2014 Investor PresentationFirstQuantum
- The document is the transcript from First Quantum Minerals' second quarter 2014 conference call, discussing financial results and production updates.
- Copper production was up 4% from Q2 2013 driven by higher output at Las Cruces and Kevitsa, while gold production was down 4% due to lower grades.
- Group copper C1 cost was $0.11/lb higher due to higher costs at Kansanshi and Guelb Moghrein, while nickel C1 cost dropped 24% mainly from reductions at Ravensthorpe.
- Gross profit increased 45% over Q2 2013 from higher copper volumes and lower overall costs excluding depreciation.
First Quantum Minerals Corporate Presentation - June 2014FirstQuantum
First Quantum Minerals is a global mining company with copper operations in 8 countries. In Q1 2014, the company saw production increases across its main commodities and lower cash costs. First Quantum has 5 major projects under development that will significantly increase its production capacities by 2018. Its largest project, Cobre Panama, is a tier 1 copper asset that will produce an average of 320,000 tonnes of copper annually over its 34-year mine life. First Quantum is focused on building a leading copper company through efficient operations and industry-leading growth projects.
First Quantum Minerals Corporate Presentation - May 2014FirstQuantum
First Quantum Minerals is a global mining company with operations in 8 countries. It produced over 400,000 tonnes of copper in 2013 at a cash cost of $1.30/lb. The company has 5 major projects under development that will increase copper and nickel production capacities significantly by 2018. Its flagship project is the Cobre Panama copper project, which is expected to produce on average 320,000 tonnes of copper per year over its 34 year mine life. First Quantum has a strong track record of developing projects efficiently and within budget.
First Quantum Minerals Corporate Presentation - January, 2014FirstQuantum
First Quantum Minerals is the new leader in global copper production, with operations on three continents producing 445,000 tonnes of copper and 45,000 tonnes of nickel annually. The company has 6 major projects under development that will increase total copper and nickel production capacities to 1.1 million tonnes and 110,000 tonnes respectively by 2018. First Quantum is a low-cost producer with strong financial performance and a proven ability to efficiently build and deliver large projects.
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Investor presentation february
1. A Rapidly Growing
Metals & Mining
Company
www.first-quantum.com TSX: FM LSE: FQM LuSE: FQMZ
February 2012
1
2. Cautionary Note Concerning
Forward-Looking Statements
Some of the statements contained in the following material are forward
looking statements and not statement of facts. Such statements are based on
the current beliefs of management, as well as assumptions based on
management information currently available. Forward-looking statements are
subject to various risks, uncertainties and other factors that could cause
actual results to differ materially from expected results. Readers must rely on
their own evaluation of these uncertainties.
Note: all dollar amounts in US dollars unless otherwise indicated
2
3. First Quantum
What Do Our Shareholders Own?
• A substantial copper producer with a
pipeline of expansions and new projects
• An emerging nickel producer with growth
opportunities
• A strong balance sheet
• Production in an industry with strong
fundamentals
• Most importantly, the ability to add value
through efficient delivery of growth at
costs below industry norms 3
4. What We Have Delivered So Far
Copper Growth (1) Total Annualised Shareholder Return (2)
2000-2011 CAGR (%) January 2000 – December 2011 (%)
Barrick 34% First Quantum 32%
Inmet 24%
Southern Copper 23%
Southern Peru 22%
First Quantum 22%
Antofagasta 21%
Xstrata 20% Norilsk 15%
Teck 18% Vale 12%
BHP Billiton 7%
Freeport 12%
Teck 6%
Glencore 10%
Eramet 6%
Antofagasta 7% Freeport 4%
Anglo American 4% Hudbay 3%
BHPB 3%
Lundin 3%
Rio Tinto 2%
Norilsk 1%
Xstrata 2%
Codelco 1%
Vedanta 2%
KGHM 0% Anglo American 2%
Kazakhmys (1)% Kazakhmys 1%
ENRC 0%
Rio Tinto (4)%
(1) Source: Brook Hunt. Inclusive of corporate acquisitions.
(2) Source: CapIQ. 4
6. What We Are Looking to Deliver:
Copper Growth Remains Best in Class
2016 Copper Producer Landscape Copper Growth
(Mt) 6th Largest Global 13th Largest Global 2011 – 2016 CAGR (%)
Copper Producer Copper Producer FQM 29.2%
by 2016 Currently Vale
S Copper
Xstrata
Glencore
Rio Tinto
Kazakhmys
1.0
Barrick
Vedanta
KGHM
BHPB
Norilsk
Codelco
0.3
Anglo
Freeport
Antofagasta
Teck
6
Source: Brook Hunt. First Quantum estimates based on management projections.
8. Kansanshi Copper-Gold Mine
• Located near Solwezi in the
North Western Province of
Zambia
• First production in 2005
• Open pit mining
• Flexible ore treatment to allow
for variation in ore type
– Sulphide circuit
– Oxide circuit
– Gold facility
• On-going program of resource
development and exploration
• Workforce of ~1,515
8
14. Kansanshi
Copper Smelter Project Key Estimates
• Capital cost of US$635M
• Commissioning from mid 2014
• Operating cost US$69/t of
concentrate
14
15. Economic Benefits of the Copper Smelter
Transport
Kansanshi 100% to Zambian Smelters
Sentinel 900,00 – 1,200,000 to export less 300,000 t Blister
Cost per annum @ $220/t: $130M to $ 200M
Export Levy
Current 10% of export value
Sentinel Annual export
230,000 – 310,000 copper in concentrate
Cost per annum Cu @ $ 7,000/t: $160M to $ 220M
Acid Supply
Current consumption 1,200 tpd @$ 200/t: $ 90Mpa
Increase with AP5 + 900 tpd @$ 200/t: $ 150Mpa
Annual Savings $ 340M to $ 510M
15
16. Guelb Moghrein Copper-Gold Mine
• 100% ownership
• Located 250 kilometres northeast
of the nation’s capital,
Nouakchott
• As at December 31, 2011, the
estimated minelife was
approximately 10 years (including
stockpiles)
• First production in 2006
• Workforce of ~1,200
16
17. Guelb Moghrein Copper-Gold Mine
• 2011 production challenged with
plant utilization issues but tonnage
increases evident at year end
• Mining side performed positively
• 2012 focus on improved
throughput and recoveries to
increase copper production
17
18. Guelb Moghrein - Outlook
• Feed tonnage rising during operating
Average tonnes per hours with improved grinding and
operating hour HPGR operation
500
450
• Additional mill and further
400
modifications to existing circuits
350
expected to achieve desired tonnage
300
targets.
250
200 • Improvements to equipment
150 utilization required
100
50 • Copper recovery over 90%
0
2007 2008 2009 2010 2011 Dec 2011 2012
• Tonnage increased more consistently
to meet design
18
19. Ravensthorpe Nickel Operation
20 Months from Purchase to Production
• Purchased in February 2010
for US$340M
• Design phase
– February – December 2010
• Modifications
– July 2010 – September 2011
• Commissioning
– June – December 2011
• First product
– 4 October 2011
• First exports
– 25 November 2011
19
20. Ravensthorpe
Making it Work
• Front-end materials handling
• Dewatering
• Buffer storage capacity
• Refurbish existing plant
• Tailings Storage Facility
20
21. Ravensthorpe
Operational Achievements
• Crushing:
– SAP and LIM achieved design of 2000 tph
• Beneficiation:
– SAP – 550 tph vs design of 455 tph
– LIM – 1200 tph vs design of 1177 tph
• Atmospheric Leach:
– 180 tph vs design of 135 tph
• PAL Trains:
– 150 tph vs design of 150 tph
• MHP Loadout:
– 120 tpd Ni vs design of 137 tpd
• Acid Plant:
– 4200 tpd vs design of 4400 tpd
21
22. Ravensthorpe
Going Forward
Target operations:
39 ktpa for the first five years;
28 ktpa over the life of mine; C1
cost of ~$7.00 per lb (1)
• Expected mine life >30 years
• Three ore bodies: Halleys,
Hale-Bopp, Shoemaker-Levy
• 480 staff
(1) At current sulphur prices
22
23. Kevitsa Nickel-Copper-PGE Project
• 100% owned; Acquired in 2008
• Large undeveloped sulphide nickel
deposit suitable for open cast mining
• 240M tonnes @ 0.30% Ni (0.28
NiSulphide) and 0.41% Cu
• Initial ore feed of 5.5 mt/yr with
intention to expand by ~50% in 2013
• On-going drill program continues to
deliver encouraging results
23
24. Kevitsa Nickel-Copper-PGE Project
• First product expected in May, sales
in July, 2012
• Target operations:
10 ktpa nickel @ ~$6.70 / lb
20 ktpa copper @ ~$1.10 / lb
• Workforce primarily from Lapland;
FQM technical staff in key areas
• Preliminary mining, process and
engineering staff established on-site
and assisting with initial startups
• Negotiations underway with various
offtake customers
24
25. Sentinel Copper Project
• Located ~ 140 km northwest of
Solwezi, Northern Zambia
• Resource update being finalized
• EIA and land use agreement
obtained
• Estimates:
– Production to start at 150 ktpa
copper concentrate initially, rising
up to 300 ktpa
– Strip ratio 2:1
– Mine life over 20 years
– C1 costs between $1.10 - $1.20/lb
25
27. Sentinel Copper Project
Project Status
• Committed deliveries for mills,
gearless mill drives, crushers
and mining fleet
• Flowsheets completed
• Concept layouts and detailed
estimates complete
• Equipment list complete
• 300-man construction camp
complete
27
28. Sentinel Copper Project
Project Status
• Power scope defined and
commercial discussions are
continuing
• Mine planning commenced
• Internal reviews undertaken
• Site access complete
• Pending Board approval
28
29. Enterprise Nickel Project
• Located 12 km northwest of Sentinel
• High grade sulphide nickel – open pit potential
• Potential to produce 40 - 70 ktpa of Ni
vaesite
nickeloan
pyrite
29
30. Enterprise Nickel Project
• Current focus – continue to
define resource, design the
mine and confirm process route
• Campaign treatment at the
Sentinel facilities significantly
reduces capital – utilization of
re-grind mills and cleaner
circuits
• Open pit mining – potential
one-off pre-strip utilizing
Sentinel mining fleet
30
31. Haquira Copper Project
• Acquired in December 2010
• Large scale copper project
located in southern Peru
M&I resource of 3.7 Mt of
copper equivalent and an
inferred resource of 2.4 Mt of
copper equivalent
• Currently focused on:
Community relations and land
access
Expanding infill and
condemnation drill program
and environmental matters
31
35. Copper Grades Have Declined Significantly
Grades of Global Copper Mined
% Cu
1.60
1.40
Lack of sizeable, high quality
production coming on-stream…
1.20
Initial production of Grasberg
1.00
and Escondida
0.80
0.60
1980 1985 1990 1995 2000 2005 2010 2015 2020 2025
Source: Brook Hunt. Broker Research
35
36. Emerging Markets – Substantial Growth Ahead
GDP per Capita
US$
35,000
USA
30,000
25,000
UK
20,000
15,000
10,000
Brazil
5,000 China
Russia
0
1835 1855 1875 1895 1915 1935 1955 1975 1995
Source: Maddison
36
37. Projected Impact on the Copper Market
Key Points Intensity of Refined Copper Consumption (1) Multiple of India, Brazil, China
kg Cu per capita 7.1x
Should China, India and Brazil all 25 Average Intensity of Use (x)
grow in line with population Aggregate Copper Use 6.1x 21.50
forecasts and reach copper use 20 per Capita: 18.50
per capita equivalent to, say, the 3.0 kg per capita 4.5x
EU-27 country group by 2020, the 15 13.7
increased annual copper demand 2.3x
would be approximately 10 2.1x
10
Mtpa, equivalent to: 6.30 7.00
5.50
– ca. 60% of current annual 5
1.80
global copper demand 0.55
0
– Nine new Escondidas being India Brazil China EU 27 Japan Germany Korea Taiwan
brought on line
Source: International Copper Study Group
Illustrative Scenarios New Annual No. of New No. of New
Assuming Increased Intensity of Cu Consumption for China, India and Brazil Cu demand Escondidas (2) First
Quantum’s
(3)
If China, India and Brazil reach the copper
intensity of EU27 countries by 2020, this equates
to...
If China, India and Brazil reach the copper
intensity of Japan by 2020, this equates to...
If China, India and Brazil reach the copper
intensity of Germany by 2020, this equates to...
(1) Defined as copper consumed by semis fabricators or “first users” of refined copper (ingot makers, master alloy plants, wire rod plants, brass mills, alloy
wire mills, foundries and foil mills)
(2) Based on Escondida 2010 production of 1.09 Mt
37
(3) Based on FM 2010 production of 323 kt
38. Projects Less Sensitive to Copper Prices
Top 25 Copper Projects Capex Intensity (US$ / t)
Minimum Required Copper Price to Generate 15% IRR (US$ / tonne Cu) Cobre Panama (Inmet) $ 21,622
Caracoles (Antofagasta) $ 20,421
Caserones (JX Nippon) $ 20,045
Sierra Gorda (Quadra FNX) $ 19,895
El Moro (GoldCorp) $ 18,551
Telegrapho (Antofagasta) $ 18,472
Tampakan (Xstrata) $ 18,400
Toromocho (Chinalco) $ 17,325
Oyu Tolgoi (Ivanhoe) $ 16,602
Las Bambas (Xstrata) $ 15,759
Salobo (Vale) $ 15,514
Los Bronces (Anglo Amer.) $ 15,474
Cerro Verde (Freeport) $ 15,470
Ministro Mina Hales (Codelco) $ 15,435
Quebrada Blanca (Teck) $ 15,000
Canariaco (Candente) $ 14,672
Quellaveco (Anglo Amer.) $ 14,667
Haquira (FQM) $ 14,290
Rio Blanco (Zijin) $ 13,611
Antamina (BHP) $ 11,550
Antapaccay (Xstrata) $ 10,794
Galeno (Minmetals) $ 10,696
Sentinel (FQM) $ 9,079
Buenavista DC (South. Cop) $ 8,061
Konkola Deep (Vedanta) $ 6,130
Cumulative Production (paid kt Cu)
Source: Brook Hunt, equity research estimates. 38
39. Agreement to Dispose of DRC Assets
• Agreement with ENRC to dispose of all residual claims and assets
• Total consideration of $1.25B – consisting of:
– $750M payable on closing
– $500M three-year promissory note with a 3% interest coupon
• Condition of closing
– FQM, ENRC and DRC government will settle all disputes relating to the companies
beings sold, their assets and operations in the DRC, and
– FQM. ENRC and DRC government will be releasing one another in respect of all
claims and judgments related to the foregoing or to any other matter arising in the
DRC on or before the date of closing
• Transaction closing expected on or before February 29, 2012
39
40. A Rapidly Growing Mining & Metals Company
• Unique core technical strength behind the strong track record of value
creation
• Existing operations provide a solid platform to support growth
• Strong financial position and cash flow
• ~$5 billion investment in growth over 2012 – 2016 to significantly increase
copper and nickel production
• Growth program expected to position First Quantum as the world’s 6th
largest copper producer and a top ten nickel producer
40
41. A Rapidly Growing
Metals & Mining
Company
www.first-quantum.com TSX: FM LSE: FQM LuSE: FQMZ
February 2012
1
42. Corporate Profile
Stock exchange listings & symbols – (S&P/TSX 60 Index) TSX: FM LSE: FQM LuSE: FQMZ
Shares issued and outstanding 476.3 million
Fully diluted 476.3 million
52-week share price range C$29.60 – C$12.60
Recent share price – February 17, 2012 C$22.24
Market capitalization – $ millions C$11.4 billion
Average daily trading volume - shares 1.6 million
Dividend paid in regards to year 2010 – per share C$0.80
US=36%; UK=26%;
Geographic breakdown of institutional shareholders
Canada=23%; other=15%
42