Performance
| US$m | 2011 | 2010 | 2009 |
| Revenue |
488 |
426 |
348 |
|---|
| Of which: |
|
|
|
|---|
| Codemin |
203 |
195 |
157 |
|---|
| Loma de Níquel |
285 |
231 |
191 |
|---|
| Projects and corporate |
- |
- |
- |
|---|
| |
|
|
|
|---|
| EBITDA |
84 |
122 |
28 |
|---|
| Of which: |
|
|
|
|---|
| Codemin |
77 |
83 |
49 |
|---|
| Loma de Níquel |
86 |
82 |
11 |
|---|
| Projects and corporate |
(79) |
(43) |
(32) |
|---|
| |
|
|
|
|---|
| Depreciation and amortisation |
27 |
26 |
26 |
|---|
| Operating profit before special items and remeasurements |
57 |
96 |
2 |
|---|
| Of which: |
|
|
|
|---|
| Codemin |
73 |
76 |
41 |
|---|
| Loma de Níquel |
66 |
65 |
(7) |
|---|
| Projects and corporate |
(82) |
(45) |
(32) |
|---|
| Operating special items and remeasurements |
(72) |
(51) |
(88) |
|---|
| Operating profit after special items and remeasurements |
(15) |
45 |
(86) |
|---|
| |
|
|
|
|---|
| Net finance costs, income tax expense and non-controlling interests |
(34) |
(21) |
(15) |
|---|
| |
|
|
|
|---|
| Underlying earnings |
23 |
75 |
(13) |
|---|
| Of which: |
|
|
|
|---|
| Codemin |
52 |
48 |
24 |
|---|
| Loma de Níquel |
29 |
55 |
17 |
|---|
| Projects and corporate |
(58) |
(28) |
(54) |
|---|
| |
|
|
|
|---|
| Net operating assets |
2,535 |
2,334 |
1,787 |
|---|
| |
|
|
|
|---|
| Capital expenditure (1) |
398 |
525 |
554 |
|---|
(1) Cash basis and includes cash flows on related derivatives