Skip to main content

Base Metals

At Los Bronces copper mine in Chile, 
a load haul truck, laden with ore, prepares to take its load out on to the long climb out of the open pit

Business overview

Anglo Base Metals has interests in 13 operations in six countries, producing copper, nickel, zinc, niobium and phosphate fertilisers, together with associated by-products including lead, molybdenum and silver.

In Chile, its six copper operations comprise the wholly owned Los Bronces, El Soldado, Mantos Blancos and Mantoverde mines, the Chagres smelter and a 44% interest in the Collahuasi mine. The mines also produce associated by-products such as molybdenum and silver.

Other South American operations are the Loma de Níquel nickel mine in Venezuela, as well as Codemin (nickel) and the Catalão niobium mine in Brazil. Anglo Base Metals also has a controlling interest in Copebrás, a leading Brazilian producer of phosphate fertilisers and phosphoric acid. Phosphate fertilisers are used to supplement natural soil nutrients in order to achieve high agricultural yields.

In southern Africa, the Skorpion mine produces zinc and the Black Mountain mine produces zinc and associated by-products such as lead, copper and silver. Anglo Base Metals’ sole European operation is the Lisheen zinc and lead mine in Ireland.

The transaction whereby black economic empowerment company Exxaro Resources acquired Anglo Base Metals’ Namakwa Sands mineral sands operation in South Africa, together with 26% of each of Black Mountain and the Gamsberg zinc project, was completed in the second half of 2008. Black Mountain and Gamsberg will continue to be managed and operated by Anglo Base Metals.

Operating profit

2008 $2,505m 2007: $4,338m

EBITDA

2008 $2,845m 2007: $4,683m
  • Record copper production at Los Bronces and Mantoverde
  • Los Bronces expansion and Barro Alto projects significantly progressed
  • Agreement reached with local community at Michiquillay in Peru