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Glencore Xstrata divests Frieda River Project

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15 November 2013

Glencore Xstrata divests Frieda River Project

Report summary

The $125 million sale of Glencore Xstrata's interest in Frieda River copper gold project to PanAust is a good deal for both parties: Glencore Xstrata exit from a high risk project and can focus on other lower risk projects; and PanAust gained access to local experience in Papua New Guinea, control of one of the largest undeveloped copper resource and also leverage off its experience of building smaller scope project in Laos.

Table of contents

  • Executive summary
  • Deal summary
    • Reserves and Resources
      • Forecast production
      • Deal analysis
      • Upside & risks
      • Strategic Rationale
      • Economic Assumptions

Tables and charts

This report includes 9 images and tables including:

  • Glencore Xstrata divests Frieda River Project: Table 1
  • Detailed Map
  • Glencore Xstrata divests Frieda River Project: Table 2
  • Resources - Contained Copper in situ and Breakeven Copper Price
  • Glencore Xstrata divests Frieda River Project: Image 3
  • 2021 Copper normal C1 cash cost curve (including probable and possible projects in 2013$)
  • Wood Mackenzie valuation: Net Present Value, pre-tax real cash flow
  • Glencore Xstrata divests Frieda River Project: Table 4
  • Glencore Xstrata divests Frieda River Project: Table 5