Financial highlights
- Operating profit up 75% to $7.7 billion as restructuring activities undertaken during 2009 positioned Xstrata to benefit from a more favourable operating environment
- Record real cost savings of $541 million achieved (3.4% of the cost base), the ninth consecutive year of cost reductions
- Strong cash generation of just under $10 billion
- Gearing reduced to 15% from 26% and net debt by 38% to $7.6 billion, despite total capital expenditure of $6.1 billion during the year
- Final dividend of 20 cents per share proposed for payment in May 2011, reflecting a return to pre-financial crisis levels* and confidence in the medium-term outlook
* On a rights-adjusted basis. |
Operational highlights
- Strong operational performance with record annual production volumes for coking coal, semi-soft coking coal and mined and refined nickel
- Three major new mines successfully commissioned: Nickel Rim South, Goedgevonden and Blakefield South
- 20 major expansions and new mines currently in construction, including 10 projects approved during 2010
- 20% annual reduction in total recordable injury frequency rate; sector leader in the Dow Jones Sustainability Index for the fourth year running
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