The operation is costed on an integrated basis with the Shaoguan and Danxia (Fankou) smelters with payability replaced by smelter recovery and the TC replaced with the cash conversion cost. Fankou mine provides approximately 50% of the concentrate feed to the Shaoguan and Danxia smelters. 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.