2012 Half Year Results Presentation - Antofagasta plc

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Realised pricesand mark-toto-marketCopper price (US$ cents)399.7372.6 367.3 373.0359.3342.0315.3266.7 270.6234.2US cents/pound) 2008 2009 2010 2011 2012 H1LME copper price 315.3 234.2 342.0 399.7 367.3Realised copper price 266.7 270.6 359.3 372.6 373.0Effects on results (US$ million) 2008 2009 2010 2011 2012 H1Provisional pricing - Copper (1) (582.00) 423.20 303.50 (286.20) 43.40Provisional pricing - Moly (101.20) (1.40) 3.10 (26.00) (10.20)Realised hedging (gains/losses) - Copper (2) 30.00 (65.80) (81.40) (15.10) (3.30)Period end mark-to-market* (US$ million) 2008 2009 2010 2011 2012 H1Provisional pricing - Copper (1) (258.20) 64.50 129.80 (14.10) (34.10)Provisional pricing - Moly (13.30) 0.30 (1.10) (0.10) (4.80)Hedge instruments - Copper (2) 51.70 (77.80) (78.30) 58.90 57.10* Pre-tax and minorities2008 2009 2010 2011 2012 H1LME copper priceRealised copper price(1) Provisional pricing: both actual realisations and mark-to-market are reflected in the incomestatement.(2) Hedge instruments: only actual realisations and ineffective hedges are reflected through theincome statement. Unrealised mark-to-market for effective hedges are reflected through reserves.38
Sustainabilityty• Social and environmental strategy to support strategic plan long term objectives• High commitment to health and safetyo 2011 LTIFR of 3.2 for Group and 2.1 for Mining Division (3.1 for Chilean mining industry)• Solid labour relationso Labour agreements successfully reached at all four mines between 2010-2011• Focus on sustainable environmental practiceso For example use of sea-water at Michilla and Esperanza, also to be used at Antucoya• Development of long-term relationships with local communitieso For E.g. creation of the Los Pelambres Foundation in 2002 to support long-termdevelopment of the Choapa Valley beyond the life of mining operations• Leading role in the use and generation of renewable energy in Chileo Investment in a 115MW wind farm project near Los Pelambreso Installation of a thermal solar project for use in the electro-winning process at El Tesoro39
Page 1: 2012 Half Year Results Presentation
Page 4 and 5: Operational Results
Page 6 and 7: Esperanza• H1 2012 production of
Page 8 and 9: Pricing environment and outlook500L
Page 10 and 11: Financial highlights2012 H1 2011 H1
Page 12 and 13: Net income reconciliationNet income
Page 14 and 15: Consistently strong capitalreturnsD
Page 16 and 17: Growth opportunitiesGroup explorati
Page 18 and 19: Centinela Mining District(formerlyS
Page 20 and 21: Los Pelambres• Total mineral reso
Page 22 and 23: Conclusion• Strong operational pe
Page 24 and 25: Brief History1888Antofagasta Railwa
Page 26 and 27: Our business and strategy3. Growth
Page 28 and 29: Chile: OperationsGeographical locat
Page 30 and 31: Debt analysis (US$mUS$m)2,366492965
Page 32 and 33: Production and realisedprices analy
Page 34 and 35: Purchased ore2%Spare parts5%Sulphur
Page 36 and 37: Cash cost analysis2011 H1 vs. 2012
Page 40 and 41: Operations and projectsLos Pelambre
Page 42 and 43: Chile’s Antofagasta RegionTranspo
Page 44 and 45: Copper concentrates market• The p
Page 46 and 47: Reserves and resources(at 31 Decemb
Page 48 and 49: Antofagasta contactsLondon(Antofaga

2012 Half Year Results Presentation - Antofagasta plc

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