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Base metals

Base: Base Metals

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.

Other South American operations are the Loma de Níquel nickel mine in Venezuela, and the Codemin nickel and Catalão niobium mines in Brazil. Anglo Base Metals also has a controlling interest in Copebrás, a leading Brazilian producer of phosphate fertilisers and phosphoric acid.

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

Base metals business unit overview

Financial highlights(1)

$ million 12 months
31 Dec 2008
12 months
31 Dec 2007
Operating profit 2,505 4,338
EBITDA 2,845 4,683
Net operating assets 5,474 4,989
Share of Group
operating profit
25% 45%
Share of Group
net operating assets
17% 19%
(1)
Share of Group operating profit and share of Group net operating assets for both 2008 and 2007 are based on continuing operations and therefore, in 2007, exclude the contribution of Mondi and AngloGold Ashanti.