MMG Ltd. · HKEX:1208
MMG — Minmetals Resources — Citi Global Resources Conference 2012
18 slides from MMG's conference presentation, March 2012
Slide 1: Minmetals Resources – Citi Global Resources Conference
MINMETALS RESOURCES CITI GLOBAL RESOURCES CONFERENCE March 2012
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is intended solely for your personal reference and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organisation/firm) or published, in whole or in part, for any pu
Slide 3: Minmetals Resources is unique
Minmetals Resources is unique Headquartered in Melbourne, Australia China Minmetals Corporation Listed on the Hong Kong Stock Exchange Mining operations in Australia, Asia and China Minmetals Public shareholders Africa Non-ferrous Metals Primary products include copper, zinc, gold, 72% 28% s
Slide 4: MMR's strategy
MMR’s strategy Build a major international upstream diversified base metals group Major Top 3 of mid tier resource companies within 5 years Operations in Australia, Africa and Asia International Listed on the Hong Kong Stock Exchange Mining Upstream First stage processing – not smelting Di
Slide 5: Overview of assets
Overview of assets Production Sepon (Laos) Copper/gold Century (Australia) Zinc/lead/silver Golden Grove (Australia) Zinc/copper/lead/gold/silver Rosebery (Australia) Zinc/copper/lead/gold/silver Kinsevere* (DRC) Copper Development / exploration Legend: Avebury (Australia) Nickel (development**) Dug
Slide 6: Century – The world's third largest open-pit zinc mine
Century – The world’s third largest open-pit zinc mine Overview Location Location Queensland, Australia MMG ownership 100% Commodities Zinc, lead Mining method Open-pit Processing method Conventional mining and flotation Current mine life Approximately 2015 Shipments Approximately one shipload per w
Slide 7: Golden Grove – current focus on copper
Golden Grove – current focus on copper Overview Location Location Western Australia MMG ownership 100% Commodities Zinc, copper, lead, gold, silver Mining method Underground Processing method Crush, grind and flotation Current mine life Approximately 2019 Shipments Concentrates are exported through
Slide 8: Rosebery – celebrating 75 years of operation
Rosebery – celebrating 75 years of operation Overview Location Location Tasmania, Australia MMG ownership 100% Commodities Zinc, copper, lead, gold dorè Mining method Mechanised underground mining Processing method Crush, grind, flotation Current mine life Approximately 2020 Shipments Concentrates a
Slide 9: Sepon – high quality resource in close proximity to customers
Sepon – high quality resource in close proximity to customers Overview Location Location Laos MMG ownership 90% Commodities Copper cathode, gold dorè Mining method Open-pit Processing method Copper: whole-of-leach, solvent extraction – electrowinning (SX-EW), Gold: conventional carbon-in-leach. Curr
Slide 10: Kinsevere – recently acquired through our friendly offer for Anvil Mining
Kinsevere – recently acquired through our friendly offer for Anvil Mining Overview Location Location Democratic Republic of Congo (DRC) MMG ownership 95% Commodities Copper cathode Mining method Open-pit Processing method Crushing, grinding, solvent extraction – electrowinning (SX-EW) Current mine l
Slide 11: Cost management remains a focus across all areas of the business
Cost management remains a focus across all areas of the business Century C1 costs* Golden Grove C1 costs (USc / lb zinc) (USc / lb zinc) (USc / lb copper) 65 25 325 20 60 275 15 55 225 FY12 guidance: 58 – 62 USc / lb zinc 10 FY12 guidance: 15 – 20 USc / lb zinc 285 – 300 USc / lb copper 50 5 175 FY1
Slide 12: Major projects in our development pipeline
Major projects in our development pipeline Exploration Scoping Pre-feasibility Feasibility Execution Operations Rosebery Open-Pit GG Xantho Extended Izok Izok Corridor Dugald Projects River Sepon Expansion Rosebery Sepon Primary Upgrade GG Copper Pit Copper GG Gold Oxide Avebury Restart Sepon Primar
Slide 13: Dugald River – a significant undeveloped zinc resource
Dugald River – a significant undeveloped zinc resource Overview Location Location Australia MMG ownership 100% Commodities Zinc, lead, silver Expected initial 200,000 tonnes of zinc, 25,000 tonnes of lead annual capacity and one million ounces of silver Mining method Conventional underground mining
Slide 14: Izok Corridor Projects - commencing detailed feasibility study
Izok Corridor Projects - commencing detailed feasibility study Overview Location Location Canada MMG ownership 100% Commodities Zinc, lead, silver Expected initial 180,000 tonnes of zinc, 50,000 tonnes of annual capacity copper, 12,000 of lead, 2.8 million ounces of silver and 17,000 ounces of gold
Slide 15: Exploration is a core driver of our growth pipeline
Exploration is a core driver of our growth pipeline Mine District Exploration Exploration Expenditure ~ 70% of exploration budget, short term value add (< 1 year) (US$ million) Current exploration activities focus on areas around Sepon, Golden Grove, Rosebery, Avebury and our projects in Canada Ne
Slide 16: Successful exploration has revealed higher Resources and Reserves
Successful exploration has revealed higher Resources and Reserves June 09 Mineral Resources June 10 June 11 Century Zinc 0 5 10 15 20 Dugald River Contained Metal June 09 (Zinc, Mt) Golden Grove Ore Reserves June 10 Rosebery June 11 High Lake Izok lake 0 2 4 6 8 10 June 09 June 10 Mineral Resources
Slide 17: Growth objectives and strategies
Growth objectives and strategies Maintain and expand our position as a leading internationally diversified base metals group Mid tier base metals companies by market capitalisation (US$ billion) 4x Southern Antofagasta Ivanhoe Jiangxi First Kazakhmys Vedanta Boliden Inmet Volcan Vale OZ Minerals Lun
Slide 18: INCORPORATING zmamemas IM
INCORPORATING 0 zmamemas IM MINMETALS RESOURCES LIMITED ININIG
Minmetals Resources — Citi Global Resources Conference 2012 on 6ix