RE: Kaz20 Feb 2020 08:00
Scoop when you look at average copper price from 2018 to 2019 I think they’ve done really well.
Copper prices reduced by 8% to $6,000/t in 2019 (2018: $6,526/t)
EBITDA of $1,355 million, 60% margin
Industry leading first quartile net cash cost2 of 77 USc/lb (2018: 85 USc/lb)
Net debt $2,759 million
$1.7 billion of debt facilities signed:
– $600 million DBK facility to finance Aktogay
expansion, June 2019
– $100 million CAT facility, November 2019 – $1,000 million PXF, January 2020
Final dividend of 8.0 USc/share recommended (full year 12.0 USc/share)