Diego Hernandez Diego Hernandez

Record Underlying EBIT of US$7,989 million was achieved, as new and increasing production was delivered during a period of high prices.

Underlying EBIT increased 16.2%
US$ million
Revenue 14,774
Underlying EBIT 7,989
Capital expenditure 989
Net operating assets 11,159
Record copper production 1,375 kt
Copper cathode sheets Copper cathode sheets

We achieved our third consecutive year of record copper production, as Spence and Escondida Sulphide Leach continued to ramp up and Pinto Valley operations commenced.

Record Underlying EBIT of US$7,989 million was achieved, as new and increased production was delivered during a period of high prices.

Escondida, Chile Escondida, Chile

Growth opportunities within the CSG are reflected through a robust project pipeline, for example, the Cannington Life Extension Project and Olympic Dam expansion.

Exciting results from exploration of the Escondida mining lease are being obtained in areas close to existing infrastructure and processing facilities, including the new Pampa Escondida discovery.