Economic Performance

Highlights

  • The plant at Prominent Hill was commissioned in February 2009 and was ramped up during the year achieving name plate production rates in Q4 2009.
  • Overall, there was an excellent performance from the Prominent Hill operation during the year which resulted in $380.9 million EBITDA and $202.6 million NPAT for the period post-commissioning (from 1 May 2009).
  • Significant closing cash in the balance sheet, with $1,076.2 million at 31 December 2009.
  • Profits for the Group were impacted by losses recorded on the sale of assets to China Minmetals Non-Ferrous Metals Co. Ltd.