Highlights:
Financial performance:
o Operating EBITDA* of $11.6 billion, up 12%
o Attributable profit* of $5.8 billion, up 12%
o Final dividend of 27¢ per share proposed, bringing the full year dividend to 40¢, a 60% increase on 2010
Operational performance:
o Key organic growth milestones reached with ten projects and expansions completed during 2011
o Strong second half production with record annual production of coal and nickel
o Real cost savings of $391 million, moving all commodity businesses into lower half of industry cost curves
o Expansion of mineral resource base, including significant additional copper resource
o Six bolt-on acquisitions supplementing growth
o Continued improvement in safety and environmental performance; 26% improvement in total recordable injuries versus 2010
o Dow Jones Sustainability Index Sector Leader for fifth consecutive year
Recommended all-share merger between Glencore and Xstrata to create a major $90 billion natural resources group with a unique business model, fully integrated along the commodities value chain, from mining and processing, storage, freight and logistics, to marketing and sales.
