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Performance

US$m 2009 2008
Turnover    
Codemin 157 198
Loma de Níquel 191 210
Projects and Corporate
Total turnover 348 408
     
EBITDA    
Codemin 49 132
Loma de Níquel 11 48
Projects and Corporate (32) (30)
Total EBITDA 28 150
     
Depreciation and amotisation (26) (27)
Operating profit before special items and remeasurements    
Codemin 41 123
Loma de Níquel (7) 30
Projects and Corporate (32) (30)
Total operating profit before special items and remeasurements 2 123
Operating special items and remeasurements (88) (130)
Operating profit after special items and remeasurements (86) (7)
     
Net interest, tax and minority interests (15) (158)
     
Underlying earnings    
Codemin 24 94
Loma de Níquel 17 (97)
Projects and Corporate (54) (32)
Total underlying earnings (13) (35)
     
Net operating assets 1,787 1,401
     
Capital expenditure 554 530

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