Zambia Copper Investments Limited

1
Zambia Copper Investments Limited

• Results Presentation
• 24 August 2001

2
Financial Highlights
3
The Issues

• SHE
• Current operations
• Refurbishment programme
• Near term prospects
• Financial position
• KDMP

4
Safety, Health Environment

• Nchanga open pit slope failure
• Safety training and education
• LTIFR 0.83 (per 200,000 man-hrs)
• LTISR 35 (per 200,000 man-hrs)
• HIV awareness
• Malaria frequency

5
Current Operations
6
Refurbishment Programme

• Deal with GRZ (286 million)
• Major areas of spend
• mines equipment, shafts, ventilation,
  development, support, pumping
• processing concentrators, TLP
• surface infrastructure
• Commitments to date 145 million
• Spend to date 88 million
• FEC (286 million)

7
Near Term Prospects

• SHE continuing high priority
• Copper price continuing low for foreseeable
  future
• Production cost control
• must drive down costs
• re-evaluation of viability of all operating units
• possible reductions in mine output
• Refurbishment relook at scheduling
• Smelterco
• achieve gt 300 tpd Cu on consistent basis (KCM
  proportion)
• drive down costs
• refurbishment

8
Financial Position
9
KDMP - Major Outstanding Issues

• Status of Feasibility Study
• Final capex, opex economics (price)
• Smelterco performance option
• Financing alternatives
• Agreement with partners