Chifeng Baiyinnuoer is an underground operation located in Inner Mongolia. The operation is costed on an integrated basis with its Chifeng smelter with payability replaced by smelter recovery and the TC replaced with the cash conversion cost. A mine and mill expansion to raise capacity from 2,000t/d to 3,500t/d had been completed and commissioned in October 2013. Wood Mackenzie’s asset reports are built from the bottom up, incorporating a number of granular data metrics to ultimately produce our industry standard cash operating costs. This report contains a detailed asset note giving you a holistic view of the asset, including an operational overview through to a timeline of events from inception to now. This qualitative analysis is supplemented by the associated Excel download which enables interrogation of a whole series of cost and production metrics over the life of the asset.