Access to the key inputs required for the mining and processing of copper is the source of our competitive advantage and enables us to generate value for our stakeholders.
We have access to 3,289 Mt of measured and indicated mineral resources at our mining assets, with an average copper grade of 0.39%. The ore also contains by-products of gold, silver, zinc and molybdenum.
Our operations in Kazakhstan benefit from competitive domestic power tariffs, enabling us to operate large scale facilities at low cost.
We have access to readily available fresh water from groundwater and surface water sources. Our modern processing facilities recycle a high proportion of water consumed.
Our mines are connected to the existing infrastructure of the national rail network which enables us to efficiently deliver our products to customers in China and Europe.
We employ approximately 14,000 people in our operations. There is a skilled mining workforce in Kazakhstan.
$1.5 billion of gross liquid funds at 31 December 2018, supported by long term debt facilities.
Low cost operations
The Group’s net cash cost in 2018 of 85 USc/lb was amongst the lowest of any pure-play listed copper miner.