COST CURVES UPDATED FOR METALS PRICE CRASH
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To keep pace with the unprecendented volatility in metals markets, we have re-estimated
all base metals cost curves for 2008 and 2009.
The cost curves for Copper, Lead, Zinc, Nickel, Molybdenum and Silver for 2008 are now in
projected 2008 dollars and projected 2008 annual prices.
The cost curves for 2009 are in projected 2009 dollars and forecast 2009 post melt-down prices.
For 2009, copper is not bad, but zinc and nickel look grim indeed.
No changes have yet been made to the iron ore and manganese cost curves

NEW MODELS
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Balkhash (Kazakhmys)- Balkhash, Kounrad, Nurkuzgan,Aktogay, Boschekul, Shatyrkul, Sayak mines
Cobriza (Doe Run Peru)
Copper Rand (Campbell Resources)
Duck Pond (Teck Cominco)
Eastern Region (Kazakhmys)- Nikolayevsky, Shemonaikhinskoe, Orlovsky, Belousovsky, Irtyshsky,
Yubileyno-Snegirikhinskoe, Artemyevskoe mines
Ivan (Milpo)
Karaganda (Kazakhmys) - Karaganda, Arbyz, Kosmurun, Nurkazgan, Akbastau, Nurkazgan mines
Kulumaziba (Anvil Mining)
Michilla (Antofagasta Holdings)
Molyhill (Thor Mining)
Morococha (Pan American Silver)
Mt Lyell (Vedanta Resources)
Mt Polley (Imperial Metals)
Scotia (Acadian Mining)
Whim Creek (Straits Resources)
Zhezkazgan (Kazakhmys)- North, South, East, West, Stepnoy, Annensky, Zhomart, East Sara-Oba mines

REVISED MODELS
-----------------------
Production numbers for 2007 and 2008 have been adjusted for:

Batu Hijau
Black Swan
Broken Hill
Cawse
Century
Codelco Norte mines
Endeavour (Elura)
Falcondo
Gibraltar
Konkola
Leinster
Lennards Shelf
Magellan
Manitoba Division
McArthur River
Mission Complex
Mufulira
Nkana
Nchanga
Norilsk
Ontario Division
Palabora
Pend Oreille
Phoenix
Pirquitas
Ray
Robinson
San Cristobal
Voiseys Bay

In accordance with the minecost update policy, if you have downloaded any of these models and cost curves over the past three months you are
entitled to download the file(s) again at no additional charge.

View all these updates and additions on the mines download lists.

See previous reports and updates.
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