Annual Report 2003 - Antofagasta plc

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Notice of MeetingAntofagasta plcNotice is hereby given that the twenty-second Annual General Meeting (the “meeting”) of the Company will be heldat the Armourers’ Hall, 81 Coleman Street, London EC2 on 9 June 2004 at 10.30 a.m. for the following purposes:Ordinary BusinessTo consider and, if thought fit, pass the following resolutions. Special notice has been given for Resolutions 4 and 6pursuant to sections 293 and 379 of the Companies Act 1985 (“the Act”), and for Resolution 7 pursuant to sections388(3)(b) and 379 of the Act.1 to receive and adopt the Reports of the Directors and Auditors and the Financial Statements for the year ended31 December 2003;2. to approve the Directors’ Report on Remuneration and Related Matters for the year ended 31 December 2003;3 to declare a final dividend;4 to re-elect Mr. C H Bailey, aged 70, as a Director;5 to re-elect Mr. G S Menendez as a Director;6 to re-elect Mr. P J Adeane, aged 71, as a Director; and7 to re-appoint Deloitte & Touche LLP as auditors of the Company (having previously been appointed by the Boardon 29 July 2003 to fill the casual vacancy arising by reason of the transfer of the business of Deloitte & Toucheto Deloitte & Touche LLP on 1 August 2003) to hold office from the conclusion of this meeting until the conclusionof the next general meeting at which the accounts are laid before the Company and to authorise the Directorsto fix their remuneration.Special BusinessANTOFAGASTA PLC Annual Report and Financial Statements 2003To consider and if thought fit, pass the following resolutions. Resolution 8 will be passed as an ordinary resolutionand Resolutions 9 and 10 as special resolutions.Ordinary Resolution8 to re-elect Mr. D E Yarur as a Director;Special Resolution9 THAT the Directors be generally empowered pursuant to section 95 of the Act to allot equity securities (within themeaning of section 94(2) of the Act) pursuant to the authority granted to the Directors by a resolution passed atthe 2003 Annual General Meeting of the Company as if section 89(1) of the Act did not apply to the allotmentprovided that this power:90
a) will expire 15 months after the date of the passing of this resolution or at the conclusion of the next annualgeneral meeting of the Company following the passing of this resolution, whichever occurs first, providedthat the Company may before such expiry make an offer or agreement which would or might require equitysecurities to be allotted after expiry of this power and the Directors may allot equity securities in pursuanceof that offer or agreement as if the power conferred by this resolution had not expired; andb) is limited to:I) allotments of equity securities where such securities have been offered (whether by way of rights issue,open offer or otherwise) to holders of ordinary shares in the capital of the Company in proportion(as nearly as may be) to their existing holdings of ordinary shares but subject to the Directors having aright to make such exclusions or other arrangements in connection with the offering as they deemnecessary or expedient:i) to deal with equity securities representing fractional entitlements; andii)to deal with legal or practical problems arising in any overseas territory or by virtue of shares beingrepresented by depositary receipts, or the requirements of any recognised regulatory body or anystock exchange or any other matter whatsoever; andII)allotments of equity securities for cash otherwise than pursuant to paragraph 8(b)(I) up to an aggregatenominal amount equal to £492,928.10 THAT with effect from the passing of this resolution, the Articles of Association of the Company are amendedas follows:a) in Article 1 by the addition of the following definitions:“address” means, in relation to electronic communications, any number or address used for the purposeof such communications;“electronic communications” has the same meaning as in the Electronic Communications Act 2000;b) Article 63 be renumbered as Article 63(A), and an additional Article 63(B) be inserted as follows:63(B) “Where notice of a meeting is published on a website in accordance with Article 154(C) it should continueto be published in the same place on that website from the date of the notification under Article 154(C)until the conclusion of the meeting to which the notice relates. If the documents are published on thatwebsite for a part but not all of such period, the documents will be treated as published throughoutthat period, if the failure to publish the documents throughout that period is wholly attributable tocircumstances which it would not be reasonable to have expected the Company to prevent or avoid.”;ANTOFAGASTA PLC Annual Report and Financial Statements 200391
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Copper 1 a malleable ductile reddis
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Highlights 2003Total copper product
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Selected Financial and Operating Da
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consumption and low interest rates
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y an amount equivalent to 16.3 cent
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Selected Data for Mining Operations
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Exploration Projects - 2004KEYMININ
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FCAB Rail NetworkKEY85-90 POUND RAI
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Demerger of Quiñenco S.A.Following
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Cash Costs and Realised Copper Pric
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In 2003, sales of copper concentrat
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The Group’s borrowings relate mai
Page 25 and 26:
Acquisition of Water ConcessionIn N
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Balance SheetThe Group’s balance
Page 29 and 30:
As explained in the Chairman’s Re
Page 31 and 32:
The Group also commenced a process
Page 33 and 34:
Mining Reserves and ResourcesAt 31
Page 35 and 36:
DirectorsThe Directors who served d
Page 37 and 38:
Special Business at the Annual Gene
Page 39 and 40:
Corporate GovernanceThe Board of Di
Page 41 and 42: c) Relations with ShareholdersThe E
Page 43 and 44: Report on Remuneration and Related
Page 45 and 46: Between 8 March 2004 and 30 April 2
Page 47 and 48: In addition, the Group paid Jara de
Page 49 and 50: Basis of Audit OpinionWe conducted
Page 51 and 52: Consolidated Statement of Total Rec
Page 53 and 54: Parent Company Balance SheetAt 31 D
Page 55 and 56: Notes to the Financial Statements1
Page 57 and 58: 1 Accounting Policies (continued)De
Page 59 and 60: 1 Accounting Policies (continued)s)
Page 61 and 62: 2 Segmental Information (continued)
Page 63 and 64: 2 Segmental Information (continued)
Page 65 and 66: 5 Directors’ Remuneration2003 200
Page 67 and 68: 7 Dividends 2003 2003 2002 2002cent
Page 69 and 70: 11 Tangible Fixed AssetsLand Buildi
Page 71 and 72: 12 Investment in Subsidiaries (cont
Page 73 and 74: 14 StocksGroup Group2003 2002US$m U
Page 75 and 76: 17 Loans (continued)b) (continued)U
Page 77 and 78: 18 Financial Instruments and Risk M
Page 79 and 80: 18 Financial Instruments and Risk M
Page 81 and 82: 20 Called Up Share Capital (continu
Page 83 and 84: 22 Notes to the Consolidated Cash F
Page 85 and 86: 23 Acquisition (continued)The asset
Page 87 and 88: 24 Demerger of Andsberg Limited (co
Page 89 and 90: 28 Ultimate Parent CompanyAt 31 Dec
Page 91: 2003 2002 2001 2000 1999Consolidate
Page 95 and 96: f) Article 83 be amended by inserti
Page 97 and 98: A notice given under this Article 1
Page 99 and 100: Produced by Royle Financial Print L
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Annual Report 2003 - Antofagasta plc

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