Glencore plc · LSE:GLEN
Glencore — Corporate Update (November 2013)
31 slides from Glencore's corporate update, November 2013
Slide 1: Mutanda Mining Sarl Sell side visit November 2013
Mutanda Mining Sarl Sell side visit November 2013
Slide 2: Forward looking statements
This presentation has been prepared by Glencore Xstrata plc ("Glencore"). Forward looking statements This document contains statements that are, or may be deemed to be, “forward looking statements” which are prospective in nature. Such statements are qualified in their entirety by the inherent risks
Slide 3: Induction
Induction Welcome to Mutanda, for a safe visit please ensure: • You remain with your host at all times • You contact your host immediately should you be separated • John Grosse, telephone +243 99 290 15 00 • Jacques Lubbe, telephone +243 99 100 86 71 • You adhere to minimum PPE standards when visiti
Slide 4: Location
Location Democratic Republic of Congo Mutanda Zambia Kolwezi Kayoyo Mutanda Likasi Kambove Luishia Lubumbashi Kipushi Kitwe Zambia 50 mi 100 Km Mutanda 4
Slide 5: Slide 5
Slide 6: Health & Safety
Health & Safety 2010 2011 2012 2013 YTD Man hours 7,031,360 9,800,000 11,497,920 12,851,245 worked Fatalities 0 0 1 0 LTI’s 4 13 14 11 LTIFR 0.59 1.25 1.08 0.93 Environmental Incidents 2 15 71 14 Mutanda 6
Slide 7: Safety
Safety Lost Time Injuries and Fatalities 2010 - YTD 2013 30 1.3 1.25 25 1.2 20 Contractor Lost Time Injuries 1.15 Employee Lost Time Injuries 15 Contractor Fatalities 1.1 Employee Fatalities LTIFR 10 1.05 5 1 0 0.95 2011 2012 YTD 2013 Strategy • Fatality prevention is our highest priority. • High ri
Slide 8: Overview
budget Overview
Slide 9: Overview
Overview Electro Wining- Tank House • Mutanda and Kansuki merger completed in July 2013 to create a major copper asset in the DRC • Ownership overview: • Glencore 54.5% • High Grade Minerals 14.5% (put and call option to buy stake for $430M in December 2013) • Rowny Assets 31% (put and call option t
Slide 10: Overview
Overview Mutanda • Capital expenditure »110ktpa project installed – $780M »200ktpa project expansion – $670M ($654M spent to date) • October annualised production – 190ktpa • 200ktpa SAG mill commissioning – November 2013 • 200ktpa annualised production capacity by December 2013 Mutanda 10
Slide 11: Modular investment can provide superior returns
Modular investment can provide superior returns Mutanda copper production profile (kt) Mutanda cumulative investment ($M) 2,500 250 2,000 200 1,500 150 1,000 ,500 100 ,0 50 -,500 -1,000 0 2008 2009 2010 2011 2012 2013F 2014F 2008 2009 2010 2011 2012 2013F 2014F 2015F Capex Funding Cash Flow Source:
Slide 12: Resource statements
Resource statements Consolidated Resource Statement of Mutanda Mine as at 31 December 2012 Category Mt %TCu %TCo Measured 96.5 2.05% 0.64% Indicated 28.4 1.52% 0.77% Inferred 166.6 1.00% 0.47% Total 291.50 1.4% 0.57% Consolidated Resource Statement of Kansuki as at 31 December 2012 Category Mt %TCu
Slide 13: Exploration – Mutanda/ Kansuki
Exploration – Mutanda/ Kansuki Mutanda 13
Slide 14: Mining operations summary
Mining operations summary Central Open Pit East Open Pit Central North West Open Pit Currently on hold Currently being mined at a Currently being mined at a depth of approximately 85m depth of approximately 75m Previously mined to a depth of below surface below surface approximately 60m belo
Slide 15: Processing operations summary
Processing operations summary Sulphuric Acid and Liquid SO2 Plant Concentrate Operations • Commissioned in Q1 2012 Consists of: • Expected daily capacity of 390 MT of sulphuric • Crusher acid (H2SO4) and 73 MT of liquid SO2 • Small DMS (Dense media separator) plant • Expected to result in significan
Slide 16: Processing operations summary – 100k
Processing operations summary – 100k 60k MT SXEW Copper Plant 50k MT SXEW Copper Plant • Commissioned in stages to accelerate copper cathode • Mechanical completion of Tankhouse 4 was completed production in Dec 2011 • First 20ktpa tankhouse commissioned Sep 2010 • Commissioning of Tankhouse 4 was c
Slide 17: Expansion - 200k
Expansion - 200k Construction update • All SX/EW plants operational • Leach and CCD sections are mechanically complete • Mill erection complete • Commissioning in progress • Total approved capital expenditure of USD 670M • USD 670M committed as at the end of October of which USD 654M has been spent
Slide 18: Site Layout - 200k
Site Layout - 200k Mill, leach & CCD trains CCD trains Mill, leach & EW 5 - 7 EW 1 - 4 HG LG SX SX SX LG HG SX SX Mutanda 18
Slide 19: Plant Overview
Plant Overview Mutanda GLENCORE 19
Slide 20: 200k Front end progress
200k Front end progress Mutanda 20
Slide 21: 200k Front end progress
200k Front end progress Mutanda 21
Slide 22: 200k Front end progress
200k Front end progress Mutanda 22
Slide 23: 200k Front end progress
200k Front end progress Mutanda 23
Slide 24: 200k Front end progress
200k Front end progress Mutanda 24
Slide 25: 200k Front end progress
200k Front end progress Mutanda 25
Slide 26: Acid tanks
Acid tanks Mutanda GLENCORE 26
Slide 27: EW6
EW6 GLENCORE 27 Mutanda
Slide 28: = a fe) C4 z a z = yy Y & ¥. = “Mutanda
= a fe) C4 z a z = yy Y & ¥. = “Mutanda sss GLENCORE 28
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Slide 30: Social Responsibility
Social Responsibility Kisangani Hospital Pweto Hospital • Completed November 2011 • Completed March 2012 • 102 bed facility • 75 bed specialist facility • Under 5 inoculation facility • 3 operating theatres (Orthopaedic ,abdominal and minor) • Includes Nephrology, Cardiology, Oncology, Urology, • St
Slide 31: Social Responsibility
Social Responsibility Education • Kando School – UNICEF blue flag • Tutu desk initiative • Refurbishment of Mwongo school • 50 school benches constructed for Kando School Agriculture • Establish 8ha vegetable farm at Kando • Establish 4.5ha maize farm at Kando school • Completion of fish farm and fi