Increased Aluminum and Copper Production
Aluminum production increased by 5% and copper equivalent production increased by 21% at Sierra Gorda.
Significant Financial Performance Improvement
44% increase in underlying EBITDA to $1 billion and an increase in underlying earnings of $375 million.
Strong Cash Flow and Debt Reduction
Cash flow from operations improved by $361 million, and net debt was reduced by $715 million to $47 million.
Environmental Approvals and Project Progress
Received primary state and federal environmental approvals for the Worsley mine development project, which will sustain production to at least FY '36.
Dividend and Capital Management
Announced a fully franked interim ordinary dividend of $154 million and continuation of capital management program with $171 million remaining for shareholder returns.