* 股份代號 : 3993 2018 中期報告 * 僅供識別
140.60 20.63% 36.01 162.95% 31.23 273.89% 54.12 55.45% EBITDA 73.03 41.15%26652.55% 107.51 10.65% TFM9,029 TFM C1-1.04 (%) 14,059,796 11,654,941 20.63 3,122,510 835,139 273.89 3,174,531 1,159,120 173.87 5,411,708 3,481,411 55.45 (%) 39,555,352 38,157,184 3.66 100,916,206 97,837,246 3.15 1
(%) 0.14 0.05 180.00 0.15 0.07 114.29 (%) 7.91 4.43 3.48 (%) 8.04 6.09 1.95 03993 603993 A2,159,924 A 1,766,577 H 393,3470.2 431,985 2
NPM (%) 1,618.83 1,115.39 45.14 11.12 7.85 41.66 1,699.27 1,189.26 42.88 APT 17.42 11.96 45.65 (%) 11.95 7.96 50.13 6,948 5,724 21.38 38.54 24.70 56.03 36.24 33.44 8.37 425 365 16.44 (LME)LME (CRU) MAP 3
4 0 500 1,000 1,500 2,000 0 3 6 9 12 15 0 400 800 1,200 1,600 2,000 0 3 6 9 12 15 18 0 2 4 6 8 10 12 14 0 1,500 3,000 4,500 6,000 7,500 9,000 0 8 16 24 32 40 0 10 20 30 40 50 0 100 200 300 400 500 (1) LME 6,635 3.01 7% LME 32% (TCRC) SterliteTuticorin (2) (Metal Bulletin) 9.46%32.24 40 37 1.5
(3) 1,618.83 45.14% 1,472.50 1,725.0011.12 41.66% 10.18 11.78 MW11.9550.13% 10.60 13.00 (4) (APT) APT APT 5
65%11.05 42.88% 10.611.3 APT17.42 45.65% 16.8 18.2 (Metal Bulletin) APT329 56.77% 307354 (5) 90% 19% 5.4% (6) 1,280 1,310 460 270 CFR438410 CFR425 (1) GDP Wood Mackenzie 2.4% 23.6 2.3% 3.2% (2) 122,000 8,000Katanga ERG RTR CRU 8% 6
(3) (4) (5) 1% 2%3% 5% 20% (6) CFR440 7
1. 2018 65%100,00076,15023,850 50% 30%75% [2018]32.. 17% 11% 16% 10% 11% 10% 8
2. SO 2 NH 3 007/2002 18/001 2018 3.5% TFM 9
1. TFM84,230C1-1.049,029 2. 7,957 59,687 5,691 21,585 3. +541,825 4,501 4. 80% NPM16,649C11.06 13,899 1. 2. 10
3. TFM NPM 4. 5. 11
26,628,692 26,508,760 1,651,771 1,750,692 2,293,198 2,144,631 190,807 110,584 467,760 656,703 982,869 789,924 6,148,478 5,705,500 493,377 1,382,004 38,856,952 39,048,798 40,974 0 718,334 520,869 2,436,915 2,726,031 2,522,200 1,136,373 23,416,773 24,234,932 1,472,952 950,111 21,399,743 21,536,182 844,104 833,594 4,621,225 4,352,010 116,692 116,189 466,576 304,703 4,002,766 2,077,454 62,059,254 58,788,448 100,916,206 97,837,246 12
2,066,812 1,478,132 4,310,350 3,592,187 30,000 23,955 1,080,189 976,481 390,116 127,796 300,123 445,406 1,250,755 1,137,796 165,693 219,806 324,145 27,886 638,292 604,774 6,093,825 4,797,816 110,204 71,073 16,760,504 13,503,108 20,460,473 22,033,889 2,000,000 2,000,000 176,741 64,382 2,008,170 2,049,904 69,195 72,890 8,301,307 8,603,594 3,257,568 3,600,344 36,273,454 38,425,003 53,033,958 51,928,111 4,319,848 4,319,848 27,582,795 27,582,795-688,046-607,484 5,488 7,726 968,191 968,191 7,367,076 5,886,108 39,555,352 38,157,184 8,326,896 7,751,951 47,882,248 45,909,135 100,916,206 97,837,246 13
. 14,059,796 11,654,941 14,059,796 11,654,941. 9,427,216 9,260,619 7,950,105 7,521,590 417,265 142,619 86,580 101,193 529,931 463,399 435,390 1,026,135 7,945 5,683 - -79,297-326,013-118,218 45,588 51,074 21,768 - -5,064-4,619 4,369. - 4,670,806 2,109,278 427 5,703 46,859 24,937. - 4,624,374 2,090,044 1,023,448 720,597. - 3,600,926 1,369,447 1. - 3,600,926 1,369,447 2. - 1. 3,122,510 835,139 2. 478,416 534,308 14
. 15,138-637,036-80,562-279,305-80,562-279,305 1. 0-1,586 2. 40,974 3. -121,536-277,719 95,700-357,731. 3,616,064 732,411 3,041,948 555,834 574,116 176,577. 0.14 0.05 15
-. 15,218,580 12,174,125 46 0 768,616 136,956 15,987,242 12,311,081 6,437,613 5,949,832 1,154,939 1,088,752 2,686,959 1,266,497 296,023 524,589 10,575,534 8,829,670 5,411,708 3,481,411. 13,573,226 1,190,371 82,830 209,216 452 334 63,134 26,315 13,719,642 1,426,236 908,666 401,964 15,462,884 353,966 261,926 0 1,021,789 82,867 17,655,265 838,797-3,935,623 587,439 16
. 1,718,778 2,751,786 2,321,076 1,545,526 4,039,854 4,297,312 1,962,264 3,258,558 2,006,446 1,515,942 1,821,852 498,486 5,790,562 5,272,986-1,750,708-975,674. 35,716-223,223. -238,907 2,869,953 19,781,418 8,420,208. 19,542,511 11,290,161 17
1,369.45 3,600.93 2,231.48162.95% 3,122.51 835.142,287.37273.89% 11,654.942,404.86 20.63% 14,059.80 6,109.69 4,133.351,976.34 47.81% % % % % 2,337,329 966,371 58.65 35.03 7.48 10.59 2,303,965 1,828,264 20.65 7.14 5.38 1.32 8,466,308 4,505,396 46.78 25.22 7.37 8.85 841,699 507,842 39.66 0.36-11.58 8.15 24,788 66,009-166.30-70.78 41.92-211.46 13,974,089 7,873,882 43.65 20.82 5.67 8.08 18
% % % % 2,362,116 1,032,380 56.29 30.08 9.17 8.37 841,699 507,842 39.66 0.36-11.58 8.15 2,303,965 1,828,264 20.65 7.14 5.38 1.32 8,466,309 4,505,396 46.78 25.22 7.37 8.85 13,974,089 7,873,882 43.65 20.82 5.67 8.08 529.93 463.4066.5314.36% 435.39 1,026.14590.7557.57% 118.2245.59 72.63159.32% 79.30 326.01246.7175.68% 1,023.45 720.60302.8542.03% 19
835.14 2,287.37273.89% 3,122.51 (1) (2) A180 (3) 24% 24% 100,916.20 62,059.25 38,856.95 1,136.37 1,385.83 121.95% 2,522.20 950.11522.84 55.03% 1,472.95 304.70161.87 53.12% 466.58 2,077.451,925.31 92.68% 4,002.77 20
1,478.13588.68 39.83% 2,066.81 1,7044.36% 5.3 127.80262.32 205.26% 390.12 27.89296.26 1,062.39% 324.15 71.0739.13 55.06% 110.20 64.38112.36 174.52% 176.74 53.08% 52.55% 1. FreePort-McMoRan Inc. Freeport TFM56%BHR TFM 24% TFM80% CMOC DRC LimitedTFMCMOC DRC Limited BHR 45,880,65545.46% 1,775,23156.85% 2. 100% SPV SPV 15,181,72815.04% 252,9378.10% 21
19,781.42238.91 1.21% 19,542.51 5,411.71-3,935.62-1,750.71. 1. 2 1. 2. 3. 2,083 1.3 517.2313,517.23 (2009)17 22
(2011)24 A (2011)24(2009) 17517.23 1.3 (2017) 4775 1. 2. TFM 1,500 831.5 2.94%0.28%NPM 471.81 0.56% 0.19g/t 23
P 2 O 5 459.211.29% 559.30.4% 1,401.360.115% 497.360.092% 3. TFM NPM NPM 100% SY 24
4. 52.55% 10.65% 50% MSCI A50 300 50 100 5. 21 10043 6. 25
7. 2018 8 1. NPM 2. 26
3. 4. 5. 3,500 16,000 27
6. TFM 7. NPM (1) CMOC Mining Pty Limited 34,600 5,938,286 2,776,335 841,699 183,750 CMOC DRC Limited 1 45,880,655 11,983,058 8,466,308 1,775,231 SPV 20,000 15,181,728 4,335,936 2,209,589 252,937 28
(1) NPM EL5800 EL5801 EL5323 ML1247 ML1367 19,760 13,512 (EL5800 & EL5323 Aircore, Cormorant, Yarrimbah, Pearce 1) (E20,River Phoenix, Stinger, MET 112, Rocklands)Northparkes (E31N, Nerrad)E31N ChapadãoFFG-04 2 412,998.60 Chapadão FFG-04 Boa Vista ANM DNPM 860.205/2015 DGF-007 3 Rio Grande do Norte15 Tenke 29571,63415 Kwatebala 30,631 Fungurume 30,994 Dipeta Syncline 2,739 Pumpi 3,616 Mwadinkomba 3,653 (2) NPM E26 (9,700mRL) 473.9 697.9 (9,670mRL) E22 E26 L1NE31 E26 29
ChapadãoFrancis Pitard2016 Boa Vista 333 10,410 Tenke 160 Kansalawele MambalimaPumpi9 4.5 Fungurume Mwadinkomba Mofya K2 TSF (3) 9,714 NPM 3,141 1,468 2,727 TFM 4,247 1. 2. (4) 231.93 0 0.67 10.09 0.55 0 6.19 Tenke 16.30 13.90 134.60 NPM 1.93 4.73 9.47 18.78 19.30 160.35 30
11,044 1,555 14.08% 1,690 15.30% 6,762 61.23% 1,037 9.39% 11,044 100% 19%7% 0.7%0.5%0.4% 1.9% 12% 31
0.20 A 17,665,772,583 3,533,154,516.60 0.20 H 3,933,468,000 786,693,600.00 21,599,240,583 4,319,848,116.60 XV23 5% 5,329,780,425 A 30.17% 5,329,780,425 A 30.17% 5,030,220,000 A 28.47% 303,000,000(L) H 7.70% (1) 303,000,000(L) H 7.70% (2) 5,030,220,000 A 28.47% 303,000,000(L) H 7.70% Bank of America Corporation (3) BlackRock, Inc. (4) 306,707,189(L) 304,793,776(S) 289,510,516(L) 24,234,000(S) H 7.80%(L) 7.75%(S) H 7.36%(L) 0.62%(S) The Capital Group Companies, Inc. (5) 238,573,000(L) H 6.07%(L) 32
(L) (S) (1) (2) 99% 5,030,220,000 A 303,000,000 HCathay Fortune International Company Limited Cathay Fortune Investment Limited (3) Bank of America Corporation306,707,189 H 304,793,776 H NB Holdings Corporation, BAC North America Holding Company, Merrill Lynch, Pierce, Fenner &Smith Incorporated, BofAML Jersey Holdings Limited, BofAML EMEA Holdings 2 Limited, ML UK Capital Holdings Merrill Lynch International (4) BlackRock, Inc.289,510,516 H 24,234,000 H Trident Merger, LLC, BlackRock Investment Management, LLC, BlackRock Holdco 2, Inc., BlackRock Financial Management, Inc., BlackRock Holdco 4, LLC, BlackRock Holdco 6, LLC, BlackRock Delaware Holdings Inc., BlackRock Institutional Trust Company, National Association, BlackRock Fund Advisors, BlackRock Capital Holdings, Inc., BlackRock Advisors, LLC, BlackRock International Holdings, Inc., BR Jersey International Holdings L.P., BlackRock Lux Finco S.àr.l., BlackRock Trident Holding Company Limited, BlackRock Japan Holdings GK, BlackRock Japan Co., Ltd., BlackRock Canada Holdings LP, BlackRock Canada Holdings ULC, BlackRock Asset Management Canada Limited, BlackRock Australia Holdco Pty. Ltd., BlackRock Investment Management (Australia) Limited, BlackRock (Singapore) Holdco Pte. Ltd., BlackRock HK Holdco Limited, BlackRock Asset Management North Asia Limited, BlackRock Group Limited, BlackRock (Netherlands) B.V., BlackRock Advisors (UK) Limited, BlackRock International Limited, BlackRock Luxembourg Holdco S.àr.l., BlackRock Investment Management Ireland Holdings Limited, BlackRock Asset Management Ireland Limited, BLACKROCK (Luxembourg) S.A., BlackRock Investment Management (UK) Limited, BlackRock Fund Managers Limited, BlackRock Life Limited, BlackRock UK Holdco Limited BlackRock Asset Management (Schweiz) AG (5) The Capital Group Companies, Inc. Capital Research and Management Company 238,573,000 H 336 A (%) 1,587,692 0.0074 1,064,400 0.0049 1,050,600 0.0049 1,063,500 0.0049 531,600 0.0025 532,500 0.0025 59,500 0.0003 5,889,792 0.0273 XV XV 352 33
1 14 E.1.2 (i) (ii) 100% 100% 100% 100% 34
13.51B(1) 13.51B(1) 35
[2017]918 A 4,712,041,8843.82 1,800,000 14,1371,785,863 1,786,523 660 36
18. 2018 6 30 1 26,628,692 26,508,760 2 1,651,771 1,750,692 3 2,293,198 2,144,631 4 190,807 110,584 5 467,760 656,703 6 982,869 789,924 7 6,148,478 5,705,500 8 493,377 1,382,004 38,856,952 39,048,798 59 40,974 9 718,334 520,869 10 2,436,915 2,726,031 11 2,522,200 1,136,373 12 23,416,773 24,234,932 13 1,472,952 950,111 14 21,399,743 21,536,182 15 844,104 833,594 7 4,621,225 4,352,010 16 116,692 116,189 17 466,576 304,703 18 4,002,766 2,077,454 62,059,254 58,788,448 100,916,206 97,837,246 37
19 2,066,812 1,478,132 20 4,310,350 3,592,187 21 30,000 23,955 22 1,080,189 976,481 23 390,116 127,796 24 300,123 445,406 25 1,250,755 1,137,796 26 165,693 219,806 27 324,145 27,886 28 638,292 604,774 29 6,093,825 4,797,816 30 110,204 71,073 16,760,504 13,503,108 31 20,460,473 22,033,889 32 2,000,000 2,000,000 33 176,741 64,382 34 2,008,170 2,049,904 35 69,195 72,890 17 8,301,307 8,603,594 36 3,257,568 3,600,344 36,273,454 38,425,003 53,033,958 51,928,111 37 4,319,848 4,319,848 38 27,582,795 27,582,795 39-688,046-607,484 40 5,488 7,726 41 968,191 968,191 42 7,367,076 5,886,108 39,555,352 38,157,184 8,326,896 7,751,951 47,882,248 45,909,135 100,916,206 97,837,246 38
2018 6 30 16,457,358 17,487,231 40,974 0 1,640,996 1,752,051 1 28,930 300,925 67,862 38,726 592,931 866,214 44,006 44,006 2 3,914,923 2,002,816 134,527 140,107 51,991 853,374 22,974,498 23,485,450 200,005 200,005 3 21,188,146 20,954,027 1,341,875 1,394,455 130,401 68,858 377,376 398,962 135,575 137,619 981,709 29,709 24,355,087 23,183,635 47,329,585 46,669,085 39
1,657,015 560,000 3,711,462 3,000,757 30,000 0 164,300 149,731 195 11,566 39,001 59,821 63,646 41,389 28,702 105,984 296,259 0 475,643 1,012,766 1,782,622 946,795 128,835 235,113 8,377,680 6,123,922 1,190,000 2,136,500 2,000,000 2,000,000 47,570 47,570 17,781 17,974 18,352 45,584 381,956 381,956 3,655,659 4,629,584 12,033,339 10,753,506 4,319,848 4,319,848 27,636,531 27,636,531 3,906 7,008 968,191 968,191 2,367,770 2,984,001 35,296,246 35,915,579 47,329,585 46,669,085 40
2018 1 6. 14,059,796 11,654,941 43 14,059,796 11,654,941. 9,427,216 9,260,619 43 7,950,105 7,521,590 44 417,265 142,619 45 86,580 101,193 46 529,931 463,399 47 435,390 1,026,135 48 7,945 5,683-49 -79,297-326,013-50 118,218 45,588 51,074 21,768-51 -5,064-4,619 52 4,369. - 4,670,806 2,109,278 53 427 5,703 54 46,859 24,937. - 4,624,374 2,090,044 55 1,023,448 720,597. - 3,600,926 1,369,447 1. - 3,600,926 1,369,447 2. - 1. 3,122,510 835,139 2. 478,416 534,308 41
. 15,138-637,036 39-80,562-279,305 39-80,562-279,305 1. -1,586 2. 39 40,974 3. 39-121,536-277,719 95,700-357,731. 3,616,064 732,411 3,041,948 555,834 574,116 176,577. 0.14 0.05 42
2018 1 6. 4 1,824,075 1,363,252 4 604,814 610,031 164,311 107,574 7 609 157,500 140,847-267,065 116,414-2,770 0-834 6,243-5 57,149 47,526 33,819 21,768 - -10 0 867 0. - 1,226,118 441,546 24 1,902 38,338 20,118. - 1,187,804 423,330 162,493 45,032. - 1,025,311 378,298 1. - 1,025,311 378,298 2. -.. 1,025,311 378,298 43
- 2018 1 6. 15,218,580 12,174,125 46 0 56 768,616 136,956 15,987,242 12,311,081 6,437,613 5,949,832 1,154,939 1,088,752 2,686,959 1,266,497 56 296,023 524,589 10,575,534 8,829,670 5,411,708 3,481,411. 13,573,226 1,190,371 82,830 209,216 452 334 56 63,134 26,315 13,719,642 1,426,236 908,666 401,964 15,462,884 353,966 261,926 0 56 1,021,789 82,867 17,655,265 838,797-3,935,623 587,439 44
. 1,718,778 2,751,786 56 2,321,076 1,545,526 4,039,854 4,297,312 1,962,264 3,258,558 2,006,446 1,515,942 56 1,821,852 498,486 5,790,562 5,272,986-1,750,708-975,674. 35,716-223,223. 57-238,907 2,869,953 57 19,781,418 8,420,208. 57 19,542,511 11,290,161 45
2018 1 6. 2,873,790 1,465,157 4,586,089 68,186 7,459,879 1,533,343 815,636 223,707 177,868 136,930 569,862 303,667 5,327,069 552,791 6,890,435 1,217,095 569,444 316,248. 13,728,040 1,580,000 71,834 117,609 916,261 883,512 14,716,135 2,581,121 47,039 23,799 13,672,854 685,300 2,789,880 880,000 16,509,773 1,589,099-1,793,638 992,022 46
. 1,642,415 2,310,891 2,192,857 1,523,687 3,835,272 3,834,578 758,079 2,882,322 1,542,587 987,406 1,556,328 452,847 3,856,994 4,322,575-21,722-487,997. 1,042-1,890. -1,244,874 818,383 11,364,848 4,535,862. 10,119,974 5,354,245 47
2018 1 6. 4,319,848 27,582,795-238,817 7,726 968,191 5,517,441 7,751,951 45,909,135-368,667 368,667. 4,319,848 27,582,795-607,484 7,726 968,191 5,886,108 7,751,951 45,909,135. - -80,562-2,238 1,480,968 574,945 1,973,113-80,562 3,122,510 574,116 3,616,064. -1,641,542-1,641,542 1. -1,641,542-1,641,542. -2,238 829-1,409 1. 71,280 1,277 72,557 2. 73,518 448 73,966. 4,319,848 27,582,795-688,046 5,488 968,191 7,367,076 8,326,896 47,882,248. 3,377,440 10,720,307 282,854 8,570 840,099 3,508,789 15,598,869 34,336,928. 3,377,440 10,720,307 282,854 8,570 840,099 3,508,789 15,598,869 34,336,928. 8,177-279,305-2,097 244,087-7,906,981-7,936,119-279,305 835,139 176,577 732,411 8,177-7,749,379-7,741,202 1. 8,177-7,749,379-7,741,202-591,052-334,113-925,165 1. -591,052-334,113-925,165-2,097-66 -2,163 1. 49,898 703 50,601 2. 51,995 769 52,764. 3,377,440 10,728,484 3,549 6,473 840,099 3,752,876 7,691,888 26,400,809 48
2018 1 6. 4,319,848 27,636,531 7,008 968,191 2,984,001 35,915,579. 4,319,848 27,636,531 7,008 968,191 2,984,001 35,915,579. - -3,102-616,231-619,333 1,025,311 1,025,311-1,641,542-1,641,542 1. -1,641,542-1,641,542-3,102-3,102 1. 60,672 60,672 2. 63,774 63,774. 4,319,848 27,636,531 3,906 968,191 2,367,770 35,296,246. 3,377,440 10,720,307 7,849 840,099 2,422,227 17,367,922. 3,377,440 10,720,307 7,849 840,099 2,422,227 17,367,922. - -2,028-212,754-214,782 378,298 378,298-591,052-591,052 1. -591,052-591,052-2,028-2,028 1. 43,111 43,111 2. 45,139 45,139. 3,377,440 10,720,307 5,821 840,099 2,209,473 17,153,140 49
. 1. 2. 2018 6 3012. 1. 2018 6 30 2018 2. 1 1 12 31 3. 12 4. 5. 5.1 50
5.2 12 22 13 51
12 6. 52
(1) (2) (3)(4) 7. 14.3.2. 53
8. 9. 9.1 (1) (2) (3) 9.2 54
10. 10.1 10.2 (1) (2) (3) 55
10.2.1 (1) (2) 10.2.2 (1) (2) 10.2.3 (1) (2) (3) 56
10.3 (1) (2) 12 1212 12 (1) (2) (3) (4) (5) (6) 57
12 10.4 (1) (2) (1) (2) (i) 58
(ii) (iii) (1) (2) (3) (i) (ii) 10.5 (1) (2) (3) 59
(1) (2) (1) (2) (1) (2) 10.6 60
10.7 (1) (2) (3) (1) (2) (3) 61
10.7.1 10.8 (1) (2) 10.9 10.10 (1) (2) (3) 62
(1) (2) (3) (1) (2) (3) (4) (1) (i) (ii) (2) 63
11. (1) 5,000 (2) 64
(%) (%) 2 2 100 100 12. 12.1 12.2 12.3 65
12.4 12.5 13. (1) (2) 66
14. 14.1 14.2 22 14.3 14.3.1 67
14.3.2 14.4 68
15. (1) (2) % % 8-45 0-5 2.1-11.9 0 8-10 5 9.5-11.9 5 5 19.0 8 5 11.9 (%) (%) 8-45 0-5 2.1-11.9 0 8-10 5 9.5-11.9 69
(%) (%) 20-50 0-5 1.90-5 0 5-20 0-5 5-20 (%) (%) 0 5-33 0-5 2.88-20 3-20 0-5 5-33 16. 70
17. 18. 18.1 19. (1) (%) 50 0 0 71
(2) (1) (2) (3) (4) (5) 20. 72
21. 22. (1) (2) 73
(3) (4) 23. 24. (1) (2) (3) (4) (5) (1) (2) (3) 74
(4) (5) (6) 24.1 24.2 25. (1) (2) 75
26. 26.1 26.2 76
26.3 27. (1) (i) (ii) 28. 77
15 ) 2015 4 27[2015] 8 2015 4 [2012]16 5 10 1 78
[2012]16 (1) 10003% (2) 100011.5% (3) 1100.5% (4) 10500.2% (5) 501000.1% (6) 1000.05% (1) (2) (3) 79
29. (1) 2018 1 1 2017 22 [2017]7 23[2017]8 24[2017]9 37 [2017]14 14[2017]22 22 37 23 22 24 80
37 14 14 22 37 2017 12 31 2018 1 1 3,246,900 0-3,246,900 0 520,869 520,869 0 2,726,031 2,726,031-238,817-607,484-368,667 5,517,441 5,886,108 368,667 2018 8 27 81
30. 82
Northparkes Tenke CubatãoCatalão 2018 6 30 83
2016 2018 6 30 1,515,763 2017 12 31 1,463,145 342 84
. 1. 17% 2018 5 1 16% 7% 5% 1% 6.5% 11%1 3% 2% 2018 7 1 1% 4% Niobras Copebras (PIS&CONFINS)(ICMS) 10% 4% 9.25% 4%-18% TFM 16% 85
4.8 5.6 0.4 1.5 TFM( ) 2% 2018 7 1 3.5% 1 [2015]52 2015 5 16.5% 11% (%) 25 16.5 16.5 CMOC Mining Pty Limited 30 CMOC Mining Services Pty. Limited 30 CMOC Sales & Marketing Limited 19 Copebras Indústria Ltda 34 Niobras Mineração Ltda 34 CMOC Brasil Servicos Administrativos Eparticipacoes LTDA. 34 0 TFM 30 86
2. 2015 5 10 [2015]27 2018 1 12018 6 30 90% 2017 12 6 GR201741000176 2017 1 12019 12 31 15%. 1. 1,402 1,046 19,541,109 19,780,372 7,086,181 6,727,342 26,628,692 26,508,760 9,275,363 7,541,450 6,297,9624,700,000 300,000748,7971,701,421 39,42224,421 1,500 1 3.8% 5.05% 87
2. (1) 1,508,854 1,579,022 142,917 171,670 1,651,771 1,750,692 (2) 257,370 257,370 2018 6 30 88
3. (1) (%) (%) (%) (%) 678,626 29.04 28,950 4.27 649,676 496,427 22.65 33,180 6.68 463,247 88,697 3.79 15,096 17.02 73,601 76,950 3.51 13,703 17.81 63,247 1,569,921 67.17 0 0 1,569,921 1,618,137 73.84 0 0 1,618,137 2,337,244 44,046 2,293,198 2,191,514 46,883 2,144,631 5,000 90 A 24,649 24,649 100.00% B 15,974 4,301 26.93% 40,623 28,950 89
2 73,601 0 0% 2 15,096 15,096 100% 88,697 15,096 17.02% (2) 20 2,857 (3) (%) C 909,326 38.91 0 D 108,191 4.63 0 E 105,523 4.51 0 F 86,874 3.72 0 G 70,094 3.00 0 1,280,008 54.77 0 (4) 2018 6 30-4,663 2017 283,152 90
4. (1) (%) (%) 1 177,966 93.27 105,379 95.29 1 2 11,820 6.20 4,410 3.99 2 3 496 0.26 245 0.22 3 525 0.27 550 0.50 190,807 100.00 110,584 100.00 (2) (%) H 37,349 19.57 I 23,599 12.37 J 20,090 10.53 K 12,646 6.63 L 8,000 4.19 101,684 53.29 5. (1) 272,376 235,881 4,396 0 190,988 420,822 467,760 656,703 91
6. (1) (%) (%) (%) (%) 38,600 3.81 16,563 42.91 22,037 43,751 5.34 16,723 38.22 27,028 58,834 5.81 13,332 22.66 45,502 47,287 5.76 13,172 27.78 34,115 915,330 90.38 0 0 915,330 728,781 88.90 0 0 728,781 1,012,764 29,895 982,869 819,819 29,895 789,924 5,000 % M 16,563 16,563 100.00 16,563 16,563 92
2 45,502 0 0 2 13,332 13,332 100.00 58,834 13,332 22.66 (2) (3) 1 173,224 172,586 2 690,615 507,753 13,078 10,653 6,200 6,200 3 15,954 15,763 113,693 106,864 1,012,764 819,819 1 18 4 2 3 Freeport 1 93
(4) (%) 690,615 2 68.19 0 173,224 2 17.10 0 M 16,563 2 1.64 16,563 Freeport 15,954 2 1.58 0 N 10,175 2 1.00 0 906,531 89.51 16,563 7. (1) 2,369,570 4,176 2,365,394 1,982,656 851 1,981,805 2,377,963 2,377,963 2,271,318 2,271,318 1,407,939 2,818 1,405,121 1,453,662 1,285 1,452,377 6,155,472 6,994 6,148,478 5,707,636 2,136 5,705,500 94
4,605,542 22,163 4,583,379 4,333,266 23,552 4,309,714 37,846 37,846 42,296 42,296 4,643,388 22,163 4,621,225 4,375,562 23,552 4,352,010 Northparks E48 2024 (2) 851 7,318 4,024-31 4,176 1,285 11,697 10,164 2,818 2,136 19,015 14,188-31 6,994 95
23,552 887 502 22,163 23,552 887 502 22,163 (3) 2,968 42,296 2,068 839-5,679 37,846 8. 1,305 801,403 1 199,165 199,165 21,041 42,079 34,801 96,564 SNEL2 96,372 97,382 TFM3 96,101 109,489 44,592 35,922 493,377 1,382,004 1 1 2 SNEL 18 3 Gécamines Gécamines 18 96
9. U R W V O V 400,000 100,000 8,107 13,632 63,218 126,862 5 711,824 400,000 100,000 7,891 13,152 65,762 131,524 5 718,334-216 -480 2,544 4,662 6,510 1 2 10. P Q S T 1 2 2 3 3 1,763,469 90,742 67,811 420,000 148,223 2,490,245 1,338,140 121,880 65,762 703,621 207,512 2,436,915-425,329 31,138-2,049 283,621 59,289-53,330 1 2 3 97
11.. 1 77,095-3,764 73,331 2 965,597-28,852 936,745 1,042,692-32,616 1,010,076. 3 92,495 60,327-59,700 93,122 4 5 1,186-31 1,155 6 1,396,615 23,394-10,990 8,828 1,417,847 93,681 1,396,615 83,690-10,990-59,700 8,828 1,512,124 1,136,373 1,396,615 51,074-10,990-59,700 8,828 2,522,200 1 50.25% 2 90% 10%55% 8% 47% 3 200720081 1 40%50% 4 40% 5 2016 4 7 150 850 6 21,240 45% 98
12. (1). 1. 11,922,965 18,599,623 198,766 156,928 30,878,282 2. 139,448 71,615 4,288 5,793 221,144 (1) 179,936 15,781 4,053 5,703 205,473 (2) 9,821 199,956 228 210,005 (3) -50,309-144,122 7 90-194,334 3. 3,255 23,024 23 930 27,232 (1) 2,614 23,024 23 930 26,591 (2) 641 641 4. 12,059,158 18,648,214 203,031 161,791 31,072,194. 1. 3,243,041 3,095,215 149,355 134,598 6,622,209 2. 432,705 589,587 6,528 1,626 1,030,446 (1) 479,811 797,082 6,528 1,559 1,284,980 (2) -47,106-207,495 67-254,534 3. 636 17,036 21 682 18,375 (1) 636 17,036 21 682 18,375 4. 3,675,110 3,667,766 155,862 135,542 7,634,280. 1. 15,377 4,815 949 21,141 2. (1) 3. (1) 4. 15,377 4,815 949 21,141. 1. 8,368,671 14,975,633 46,220 26,249 23,416,773 2. 8,664,547 15,499,593 48,462 22,330 24,234,932 99
(2) 25,653 20,620 3,945 1,088 (3) 21,759 6,028 5,928 5,112 27,092 100
13. (1) 16,189 16,189 14,510 14,510 5,888 5,888 2,106 2,106 75,428 75,428 75,271 75,271 Northparkes E48 25,577 25,577 12,627 12,627 Northparkes E26 30,594 30,594 3,417 3,417 Niobras 108,302 108,302 110,801 110,801 Copebras 85,629 85,629 73,018 73,018 Copebras 20,246 20,246 22,274 22,274 Niobras 17,542 17,542 18,371 18,371 TFM 52,147 52,147 41,094 41,094 TFM 36,369 36,369 21,076 21,076 TFM 75,396 75,396 66,069 66,069 TFM 2 52,915 52,915 52,256 52,256 TFM 24,838 24,838 21,502 21,502 TFM 47,025 47,025 23,359 23,359 TFM 31,588 31,588 29,906 29,906 TFM IT 34,982 34,982 25,039 25,039 TFM 37,938 37,938 11,969 11,969 24,555 24,555 1,369 1,369 1# 5,695 5,695 2000 APT 21,202 21,202 642,907 642,907 324,077 324,077 1,472,952 1,472,952 950,111 950,111 101
(2) (%) 343,886 14,510 1,679 16,189 49.00 50,000 2,106 3,782 5,888 84.08 2,849,000 75,271 157 75,428 3.00 NorthparkesE48 109,913 12,627 13,782-832 25,577 24.00 NorthparkesE26 257,061 3,417 27,977-800 30,594 12.00 Niobras 137,874 110,801 9,264 12,730 967 108,302 78.55 Copebras 162,962 73,018 46,454 22,288-11,554 85,629 52.55 Copebras 35,041 22,274 963-2,992 20,246 57.78 Niobras 60,900 18,371 13,037 14,091 225 17,542 28.80 TFM 58,727 41,094 10,470 584 52,147 89.00 TFM 49,691 21,076 14,933 359 36,369 73.00 TFM 71,584 66,069 8,441 886 75,396 105.00 TFM 2 463,162 52,256 659 52,915 11.00 TFM 40,029 21,502 3,046 290 24,838 109.00 TFM 238,198 23,359 23,226 440 47,025 20.00 TFM 992,490 29,906 1,297 385 31,588 3.00 TFM IT 33,083 25,039 9,567 376 34,982 106.00 TFM 84,401 11,969 25,657 312 37,938 45.00 76,390 1,369 23,186 24,555 32.00 1# 18,000 5,695 5,695 32.00 2000 APT 39,583 28,560 7,358 21,202 72.00 324,077 493,964 160,895 748 994-12,497 642,907 6,171,975 950,111 765,137 210,004 748 8,352-23,192 1,472,952 102
14. (1). 1. 531,980 23,583,818 49,467 24,165,265 2. 546,270 2,939 549,209 (1) 3,326 4,967 8,293 (2) 260,316 260,316 (3) 748 748 (4) 282,628-2,776 279,852 3. 817 542 1,359 (1) 817 542 1,359 4. 531,163 24,130,088 51,864 24,713,115. 1. 97,102 2,515,941 16,040 2,629,083 2. 5,609 640,878 7,778 654,265 (1) 5,609 640,878 7,778 654,265 3. 817-32,897 2,056-30,024 (1) 817 541 1,358 (2) -32,897 1,515-31,382 4. 101,894 3,189,716 21,762 3,313,372. 1. 2. (1) 3. (1) 4.. 1. 429,269 20,940,372 30,102 21,399,743 2. 434,878 21,067,877 33,427 21,536,182 50 103
15. (1) 833,594 10,510 844,104 833,594 10,510 844,104 2016 10 1 (2) 2018 6 30 2018 6 30 850,672-6,568 844,104 5 10% 52.3% 104
2018 6 30 16. 1 49,939 3,186 46,753 2 27,000 300 26,700 39,250 9,602 5,613 43,239 116,189 9,602 9,099 116,692 1 2 2012 12 18 2013 1 1 2,00050 105
17. (1) 288,678 80,241 453,363 135,506 269,435 71,386 243,687 65,154 990,273 330,752 105,806 26,452 76,637 17,333 80,237 18,223 2,576,743 764,497 2,671,065 772,356 23,403 3,511 23,403 3,511 174,562 53,190 155,300 46,590 660,522 215,565 320,424 110,075 5,060,253 1,536,475 4,053,286 1,177,867 (2) 18,497,229 5,711,750 18,746,014 5,795,939 329,237 49,386 667,825 100,174 11,906,192 3,583,617 11,431,594 3,445,166 55,728 18,789 18,546 6,306 22,182 7,664 424,340 129,173 30,810,568 9,371,206 31,288,319 9,476,758 106
2016 2018 6 30 1,515,763 2017 12 31 1,463,145 (3) 1,069,899 466,576 873,164 304,703 1,069,899 8,301,307 873,164 8,603,594 (4) 1,301 40,022 494,050 494,050 495,351 534,072 (5) 2018 50,326 50,326 2019 105,083 105,083 2020 139,352 139,352 2021 128,669 128,669 2022 70,620 70,620 494,050 494,050 107
18. SNEL1 1,190,387 1,169,973 2 950,000 TFM3 310,275 336,086 4 36,155 46,007 5 63,000 63,000 6 31,709 29,709 7 8,660 8,660 8 116,144 133,690 9 187,841 185,502 10 63,570 85,154 NSR11 1,025,573 19,452 19,673 4,002,766 2,077,454 1 TFMSNEL 1Libor3% 2 3 TFMGécamines 2018 6 30TFM44,524 294,599 16,893111,777 1Libor 6%Gécamines 14,524 96,1018 4 Niobras Copebras 1 6 5 6 7 8 Copebras 108
9 Niobras Copebras Niobras Copebras34 10 Niobras Copebras 11 NREILNSR 2018 6 30NREIL155,000 1,025,573 6654,396 6 LIBOR+2.5% 19. (1) 2,066,812 1,478,132 2,066,812 1,478,132 20. 40,141 3,671,321 3,000,757 598,888 591,430 4,310,350 3,592,187 2016 11 17FreeportTFM 56% 2018 1 1 2019 12 3124 A 3.50 2020 1 10PDK0.60 2018 1 1 2019 12 3124LME 20.00 2020 1 10PDK0.60 109
2017 4 20BHR Lundin TFM 24% LundinTFMFreeport 21. 30,000 兌匯票 23,955 30,000 23,955 22. (1) 965,369 853,339 114,820 123,142 1,080,189 976,481 (2) 1 981,256 954,175 1-2 85,434 13,825 2 13,499 8,481 1,080,189 976,481 110
23. (1) 390,116 127,796 390,116 127,796 24. (1). 431,907 1,031,226 1,163,243 13,135 299,890. 13,499 35,815 49,082-87 232. 777 776 1 445,406 1,067,818 1,213,101 13,048 300,123 (2). 388,148 918,938 1,061,615 11,369 245,471. 290 13,715 11,908-11 2,097. 910 76,418 65,913 1,362 11,415 895 24,573 23,200 69 2,268 14 51,179 42,017 1,293 9,176 1 666 696-29. 77 13,394 13,008 463. 10,169 5,067 5,255 9,981. 32,313 3,694 5,544 415 30,463 431,907 1,031,226 1,163,243 13,135 299,890 111
(3) 1. 13,498 34,832 48,107-87 223 2. 1 983 975 9 13,499 35,815 49,082-87 232 34,832983 2017 1-6 153,3692,192 2018 6 30 2239 2017 6 30 16,317730 25. 38,115-17,685 44,256 10,647 16,569 58,932 1,041,090 950,809 1,586 10,961 48,590 49,539-2,352-1,948 33,238 52,221-2,071-1,780 31,734 26,100 1,250,755 1,137,796 112
26. 142,107 153,673 23,586 66,133 165,693 219,806 27. 1 6,623 6,623 1 15,943 15,943 1 5,320 5,320 H 2 296,259 324,145 27,886 1 2 2017 A H 28. (1) 135,691 171,713 Gécamines 1 9,423 10,442 105,564 139,010 SNEL 2 66,166 65,342 33,055 35,205 9,455 54,775 51,012 23,085 8,287 8,370 1,124 BHR3 103,219 4 41,161 31,648 75,259 64,060 638,292 604,774 113
1 Gécamines TFM TFM 2 2015 TFM SNELTFM 3 BHRBHR BHR2018 6 30BHR 15,600 103,219 4 1 29. 6,076,408 4,780,399 7,417 7,417 10,000 10,000 6,093,825 4,797,816 31 35 30. 110,204 71,073 110,204 71,073 114
31. (1) 14,786,314 16,935,906 11,750,567 9,878,382 6,076,408 4,780,399 20,460,473 22,033,889 2016 9SPV CMOC Brasil Servicos Administrativos Eparticipacoes LTDA.9 62 2018 9 142023 9 14 3libor+1.8% 3libor+2.75%SPV100% 2016 11 CMOC DRC Limited15.9 110 2018 3 152023 11 153libor+1.7% 3libor+2.2% CMOC DRC Limited 100% 2017 4 6 BHR6.9 TF Holdings Limited 30% 2019 7 62024 4 6 3libor+2.50% 3 libor+2.64% 4,489,826 4,681,725 9,658,824 7,647,570 6,311,823 9,704,594 20,460,473 22,033,889 2018 6 30 1.5% 5.3358% 2017 12 310.5153% 4.5125% 2018 6 30 115
32. (1) 2,000,000 2,000,000 2,000,000 2,000,000 (2) 16MTN001 100 2016 3 17 5 2,000,000 2,000,000 42,200 84,400 23,586 2,000,000 2,000,000 2,000,000 42,200 84,400 23,586 2,000,000 33. (1). 17,297 19,184. 108,270. 51,174 45,198 176,741 64,382 116
34. 1 1,357,296 1,347,842 2 682,983 660,328 9,625 2,049,904 2,008,170 1 2 35. 80,307 3,695 76,612 7,417 193 193 7,417 72,890-193 3,502 69,195 117
61,878 3,502 58,376 15,359 193 15,166 3,000 3,000 0 3,000 70 0 70 80,307 3,695 76,612 36. 385,567 3 60,581 59,827 Gécamines 1 66,166 65,342 BHR 2 3,109,802 3,071,074 21,019 18,534 3,257,568 3,600,344 1 GécaminesTFM Gécamines 2 BHRBHR 2017 4 20TFM 56% 80% 2018 6 30 BHR 470,000 3,109,802 3 TFMMining Overseas Service CompanyMining Overseas Service Company FreeportTFMFreeport Mining Overseas Service CompanyTFM 118
37. + - 4,319,848 4,319,848 38. 27,582,795 27,582,795 27,580,673 27,580,673 2,122 2,122 27,582,795 27,582,795 39. -607,484 15,138-80,562 95,700-688,046 40,974 40,974 40,974-607,484-25,836-121,536 95,700-729,020-607,484 15,138-80,562 95,700-688,046 59 119
40. 7,726 71,280 73,518 5,488 7,726 71,280 73,518 5,488 41. 968,191 968,191 968,191 968,191 42. 5,517,441 3,508,789 + 368,667 5,886,108 3,508,789 3,122,510 835,139 1,641,542 591,052 7,367,076 3,752,876 368,667 29 120
43. 13,974,089 7,873,882 11,565,856 7,451,097 85,707 76,223 89,085 70,493 14,059,796 7,950,105 11,654,941 7,521,590 44. 10,882 8,363 10,879 5,219 132,716 118,442 215,044 47,744 10,595 417,265 142,619 128,674 1 45. 11,048 9,547 36,184 34,771 497 463 1,100 1,748 27,229 44,432 182 205 10,340 10,027 86,580 101,193 121
46. 155,100 149,392 48,054 23,184 7,218 133,375 128,373 11,242 6,692 72,066 33,283 18,497 20,033 13,484 10,917 78,113 84,307 529,931 463,399 47. 42,353 125,127 5,331 8,267 648,514 677,787-483,197-298,062-28,988 334,596 75,378 68,481 BHR 102,576 61,389 73,423 48,550 435,390 1,026,135 48. -2,837 10,782 5,683 7,945 5,683 122
49. 1. -332,255 2. -41,224 3. -40,141 6,242 4. 2,068-79,297-326,013 50. 51,074 16,212 23,330 29,376 43,647 167 118,218 45,588 51. -5,064-4,619-5,064-4,619 123
52. 193 3,502 674 4,369 53. 186 5,384 186 241 319 241 427 5,703 427 3,502 1,426 186 456 186 5,384 124
54. 36,358 21,942 36,358 10,501 2,995 10,501 46,859 24,937 46,859 55. (1) 1,586,817 945,155-562,991-259,782-378 35,224 1,023,448 720,597 (2) 4,624,374 693,656 438,679-378 -198,509 82,845-1,614 8,769 1,023,448 125
56. (1) 62 619,342 84,415 266 5,384 148,946 47,157 768,616 136,956 (2) 166,808 54,415 35,035 17,542 66,267 52,913 21,703 173,013 27,913 205,003 296,023 524,589 (3) 63,134 26,315 63,134 26,315 126
(4) 1,021,789 82,867 1,021,789 82,867 (5) 2,167,857 1,545,526 153,219 2,321,076 1,545,526 (6) 1,429,815 371,938 88,118 71,472 191,792 9,901 112,127 45,175 1,821,852 498,486 127
57. (1) 1. 3,600,926 1,369,447 7,945 5,683 1,284,981 1,660,027 654,265 624,845 9,099 15,533-5,064 4,619-79,297 326,013-768,882 1,074,016 - -118,218-45,588 - -247,257 40,031 - -322,306-483,397 - -600,775-208,832 - -623,793-624,220-619,219-116,780 294,379-159,986 5,411,708 3,481,411 2. 3. 19,542,511 11,290,161 19,781,418 8,420,208-238,907 2,869,953 128
(2) 259,660 259,660 259,660 (3). 19,542,511 19,781,418 1,402 1,046 19,541,109 19,780,372.. 19,542,511 19,781,418 129
58. (1) 29,970 6.6166 198,298 16,746 7.6515 128,135 1,432 0.8431 1,207 1,813 1.0000 1,813 1,165 4.9947 5,818 4,003 4.8633 19,468 121,865 2.5512 310,906 437 8.6551 3,780 57,684 0.0041 237 68,697 0.4803 32,995 9 4.8386 45 107,039 6.6166 708,232 225,389 7.6515 1,724,567 130
(2) Copebras Indústria Ltda. Niobras Mineração Ltda. CMOC Brasil Servicos Administrativos Eparticipacoes LTDA. SPV CMOC Mining Pty Limited CMOC Mining Services Pty. Limited CMOC International DRC Holdings Limited TF Holdings Limited Tenke Fungurume Mining S.A. Purveyors South Africa Mine Services CMOC 131
59. (1) 40,974 (2) 40,974 8 40,974 5,310 5,310 132
. 1. (1) (%) CCC SARL 2018 1 5 259,660 100% 2018 1 5 0-29 Bandra Investment Limited Harefield Overseas Limited 2018 1 2Harefield Overseas LimitedCCC SARL 100% 4,000CCC SARL Bas-Fleuve Moanda PE138882018 1 5 CCC SARL (2) CCC SARL 259,660 259,660 259,660 0 133
(3) CCC SARL 259,600 649 259,600 649 259,600 649 259,600 649 (4) 1 2. 2018 6 19 2018 3 26CMOC Congo 134
. 1. (1) (%) 100 100 100 100 100 100 100 70 100 100 CMOC Mining Pty Limited 100 CMOC Mining Services Pty.Limited 100 100 100 90 100 135
(%) 51 51 51 100 100 CMOC Mining USA LTD 100 100 100 Upnorth Investment Limited 100 100 100 CMOC DRC Limited 100 CMOC Sales & Marketing Limited 100 SPV 100 CMOC Brasil Servicos 100 Administrativos Eparticipacoes LTDA. 100 Long March No.1 Investment 100 Limited Bandra Investment Limited 100 Copebras Indústria Ltda. 100 Niobras Mineração Ltda. 100 CMOC International DRC Holdings Limited 100 TF Holdings Limited 100 TFM 80 136
(%) Purveyors South Africa Mine Services CMOC 100 Oriental Red Investments 100 Limited NREIL 100 BHR1 100 2 100 CMOC congo2 100 CCC SARL3 100 1 2017 1 20BHR BHRBHR2017 4 20BHR Lundin Mining Corporation TF Holdings Limited 30% TFM 24% TFM56% 80% 2 2 3 1 (2) (%) TFM 20 476,720 0 5,162,577 137
(3) TFM 7,792,798 34,031,576 41,824,374 2,162,585 13,848,902 16,011,487 7,672,333 34,294,494 41,966,827 1,924,464 16,919,602 18,844,066 TFM 8,466,308 2,383,600 2,383,600 3,013,128 6,889,558 1,814,153 1,814,153 2,578,551 2. (1) (%) 1 50.25 1 50 1 40 1 15 2 45 1 11 2 45% 200720081 1 50% 138
(2) 1 1 61,138 213,161 71,874 211,250 7,101 6,343 6,409 6,567 102,032 2,644,896 107,026 2,649,548 163,170 2,858,057 178,900 2,860,798 17,237 81,180 25,476 182,796 950,000 800,000 17,237 1,031,180 25,476 982,796-36,792-30,659 145,933 1,863,669 153,424 1,908,661 73,331 931,834 77,095 954,331 4,911 11,266 4,911 11,266 73,331 936,745 77,095 965,597 35,237 45,695 5-67 26,618-24 19,970-7,491-61,386-12,295-55,564-7,491-61,386-12,295-55,564 1 90% 10% 8% 47% 139
(3) 190,846 21,257,586 198,854 55,931 427,529 57,750 246,777 21,685,115 256,604 37,277 17,247,208 48,352 2,500 1,286,571 3,000 39,777 18,533,779 51,352 207,000 3,151,336 205,252 82,800 1,418,101 82,101 10,332-254 10,394 10,332-254 10,394 93,122 1,417,847 92,495 220,953 13,615,229 142,230 120,653 51,986 68,291 120,653 51,986 68,291 59,700 0 36,800 140
(4) (%) Nothparkes Joint Venture 80 2013 12 1Northparkes Northparkes Joint Venture 80% North Mining LimitedNorthparkes Northparkes Joint Venture. Northparkes Joint Venture Northparkes Parkes Goonumbla Northparkes 1993 20Northparkes Joint Venture ParkesNorthparkes Joint Venture CMOC Mining Pty Limited80%20% Sumitomo Metal Mining Oceania Pty Ltd(SMM) SC Mineral Resources Pty Ltd(SCM) Northparkes Joint VentureNorthparkes NorthparkesNorthparkes Joint Venture Northparkes Northparkes 141
1. 1.1 1.1.1 2018 6 30 142
198,298 153,605-708,232-509,934 153,605 1,207 3,639 1,207 3,639 19,468 44,280 19,468 44,280 128,135 33,633-1,724,567-1,807,517-1,596,432-1,773,884 5,818 6,043 5,818 6,043 1,813 1,810 1,813 1,810 310,906 116,315 310,906 116,315 143
3,780 4,478 3,780 4,478 237 76 237 76 32,995 32,995 45 45-1,730,097-1,443,638 10% 10% 144
10% 56,564 56,564 10,770 10,770 10% -2-2 10% 68,863 68,863 69,750 69,750 10% -5,570-5,570-29,000-29,000 10% -143-143 10% -610-610 10% -1,947-1,947-8,440-8,440 10% -118-118 10% 90,780 90,780 99,720 99,720 10% -582-582 10% -38-38 -40-40 10% -31,091-31,091-48,630-48,630 10% -378-378 -30-30 10% -24-24 10% -3,299-3,299-1,110-1,110 10% -5-5 145
1.1.2. 50-21,734-21,734-44,480-44,480 50 21,734 21,734 44,480 44,480 146
1.1.3 5% 15,503 15,503-5% -15,503-15,503 5% 55,101 55,101-5% -55,101-55,101 1.1.4 5% 157,762 147
1.2. 2018 6 30 54.77% 63.72% 148
1.3. 2,232,505 4,489,826 9,658,824 6,311,822 22,692,977 2,218,996 2,091,354 4,310,350 30,000 30,000 1,080,189 1,080,189 324,145 324,145 638,292 638,292 6,086,408 6,086,408 84,400 2,168,000 2,253,200 2,806,658 65,342 385,568 3,257,568 12,610,535 9,472,238 11,892,966 6,697,390 40,673,129 2,307,797 4,440,284 9,781,424 10,021,787 26,551,292 1,500,833 2,091,354 3,592,187 23,955 23,955 976,481 976,481 27,886 27,886 604,774 604,774 4,889,774 4,889,774 84,400 84,400 2,168,800 2,337,600 3,315,165 65,342 385,568 3,766,075 10,415,900 9,931,203 12,015,566 10,407,355 42,770,024 149
. 1. 1. 2,436,915 2,436,915 1. 37,846 37,846-4,663-4,663 1. 718,334 718,334 ( ) 40,974 40,974 1,305 1,305 950,000 950,000 36,311 4,144,400 4,180,711 1. 40,141 40,141 2. 3,671,321 3,671,321 3. 598,888 598,888 3,711,462 598,888 4,310,350 150
2. 3. 4. 151
. 1. (%) (%) 181,818 24.69 24.69 2014 1 12 Cathy Fortune Investment H 182,771 36.01% 177,659 35.01% 2018 6 30 533,32224.69% 2. 2 NSR1 IXM2 1 NSR NSR 2 2018 5 11 LDC Louis Dreyfus Company Metals B.V. 100%Louis Dreyfus Company Metals B.V. IXM IXM 152
3. Gécamines1 1 2016 11 17( )TFM Gécamines 4. (1) 1,826 274 Gécamines 60,533 49,507 10,269 5,328 IXM 1 243,826 1 2018 5 11 IXMTFM IXM (2) 3,949 1,005 153
5. (1) 922 1,673 114 4 IXM 11,971 96 3 4 Gécamines 96,101 109,489 Gécamines 310,275 336,086 NSR 1,025,573 (2) 11,384 11,384 Gécamines 9,423 10,442 Gécamines 66,166 65,342. 1. (1) 647,380 294,582 298,926 343,424 946,306 638,006 154
(2) 1 47,505 45,319 2 41,183 38,680 3 35,317 37,835 4 17,265 29,654 111,081 123,140 252,351 274,628 2. (1) 2013 1 30 1,800 172.4 2018 6 30 2015 TFMSNEL TFM 2016 1 0.05690.0350 1,000 SNEL TFM1,000 155
(2) 2018 6 30 Northparkes 3,292 16,776 2018 6 30. 1. 2018 3 26100% NREIL Next Goal Limited NGL NCCL 2018 8 24NREIL NCCL NGLThird Amended and Restated Exempted Limited Partnership Agreement Second Amended and Restated Exempted Limited Partnership Agreement 2018 8 25 NREIL 2 156
. 1. (1) (2) 2018 1 6 2,337,329 841,699 2,303,965 8,466,308 110,495 14,059,796 2,337,329 841,699 2,303,965 8,466,308 110,495 14,059,796 2,337,329 841,699 2,303,965 8,466,308 110,495 14,059,796 966,371 507,842 1,828,264 4,505,396 142,232 7,950,105 173,114 37,047 207,104 417,265 12,112 28,651 20,174 25,643 86,580 4,479 54,030 25,363 446,059 529,931 42,103 241,519 379,077-227,309 435,390 735 7,318-108 7,945 2,068-81,365-79,297 118,218 118,218-580 286-4,660-110 -5,064 4,369 4,369 1,185,732 220,998 161,595 3,311,748-31,737-177,530 4,670,806 1,185,732 220,998 161,595 3,311,748-31,737-177,530 4,670,806 427 427 1,303 45,556 46,859 1,185,732 219,695 161,595 3,311,748-31,737-222,659 4,624,374 196,800 43,023-186,399 977,360-7,336 1,023,448 988,932 176,672 347,994 2,334,387-31,737-215,322 3,600,926 157
2017 1 6 1,731,034 838,644 2,150,472 6,760,884 173,907 11,654,941 1,731,034 838,644 2,150,472 6,760,884 173,907 11,654,941 1,731,034 838,644 2,150,472 6,760,884 173,907 11,654,941 899,156 574,352 1,734,844 4,196,233 117,005 7,521,590 114,227 28,392 142,619 10,732 29,948 13,603 46,910 101,193 4,368 198,846 11,982 248,203 463,399 37,532 163,793 279,522 545,288 1,026,135 755 261-1,057 5,724 5,683-316,521-9,492-326,013 45,588 45,588-4,619-4,619 706,919 163,297 39,125 1,910,773 56,902-767,738 2,109,278 706,919 163,297 39,125 1,910,773 56,902-767,738 2,109,278 5,703 5,703 822 3,516 4,875 15,724 24,937 706,919 162,475 35,609 1,905,898 56,902-777,759 2,090,044 62,486 85,663-51,128 623,576 720,597 644,433 76,812 86,737 1,282,322 56,902-777,759 1,369,447 158
2. 250,000 2015/7/29 2018/7/29 700,000 2018/5/18 2021/6/30 NEW CHINA ASSET 1,763,469 2017/9/8 2019/9/7 MANAGEMENT 100,000 2017/12/18 2018/12/18 400,000 2017/12/13 2018/12/13 200,000 2017/12/20 2018/12/20 100,000 2017/12/22 2018/12/21 80,000 2018/1/4 2018/7/4 200,000 2018/1/11 2019/1/11 200,000 2018/1/12 2019/1/13 200,000 2018/1/12 2019/1/11 300,000 2018/1/17 2018/7/23 800,000 2018/1/30 2018/8/1 4,500,000 2018/1/31 2018/7/30 100,000 2018/1/4 2019/1/4 200,000 2018/3/13 2019/3/13 300,000 2018/3/22 2018/7/9 300,000 2018/4/13 2018/8/3 100,000 2018/4/28 2018/10/29 100,000 2018/4/28 2018/10/28 159
100,000 2018/5/2 2018/11/2 200,000 2018/5/7 2018/11/7 800,000 2018/5/3 2018/8/3 100,000 2018/5/2 2018/11/2 100,000 2018/5/2 2018/8/2 200,000 2018/5/10 2018/8/17 500,000 2018/5/2 2018/10/31 1,000,000 2018/5/3 2018/11/2 1,000,000 2018/5/16 2018/11/16 200,000 2018/5/23 2018/11/19 100,000 2018/6/12 2018/7/12 500,000 2018/6/25 2018/12/25 500,000 2018/6/26 2018/9/26 100,000 2017/12/29 2018/9/25 400,000 2018/3/28 2018/9/27 16,693,469 160
. 1. (1) (%) (%) (%) (%) 28,822 84.36 28,822 304,235 98.48 4,230 1.39 300,005 5,342 15.64 5,234 100.00 108 4,694 1.52 3,774 80.40 920 34,164 5,234 28,930 308,929 8,004 300,925 2 108 0 0% 2 5,234 5,234 100% 5,342 5,234 161
(2) 0 2,770 (3) (%) X 6,896 23.84 0 Y 2,644 9.14 2,644 Z 1,459 5.04 1,459 AA 159 0.55 159 AB 133 0.46 133 11,291 39.03 4,395 2. (1) (%) (%) (%) (%) 3,923,138 99.48 16,563 0.42 3,906,575 2,007,849 98.85 16,723 0.83 1,991,126 20,321 0.52 11,973 58.92 8,348 23,503 1.15 11,813 50.16 11,690 3,943,459 28,536 3,914,923 2,031,352 28,536 2,002,816 162
M 16,563 16,563 100% 16,563 16,563 2 8,348 0 0% 2 11,973 11,973 100% 20,321 11,973 (2) 163
3. 20,320,139 20,320,139 20,060,139 20,060,139 868,007 868,007 893,888 893,888 21,188,146 21,188,146 20,954,027 20,954,027 (1) 5,637 5,637 17,500 17,500 2,000 2,000 33,484 33,484 17,029 17,029 33,397 33,397 210,000 210,000 164
100,000 100,000 1,869,455 1,869,455 650,000 650,000 8,803 8,803 980,000 980,000 9,900 9,900 261,520 261,520 50,000 50,000 46,964 46,964 15,096,650 15,096,650 500,000 160,000 660,000 167,800 100,000 267,800 20,060,139 260,000 20,320,139 165
(2). 77,095-3,764 73,331 723,112-22,713 700,399 800,207-26,477 773,730. 92,495 60,327 59,700 93,122 1,186-31 1,155 93,681 60,296 59,700 94,277 893,888 33,819 59,700 868,007 166
4. 1,784,252 563,834 1,333,188 578,114 39,823 40,980 30,064 31,917 1,824,075 604,814 1,363,252 610,031 5. 33,819 21,768 23,330 25,758 57,149 47,526 167
. 1. -5,064 4,555 3,502-36,358-10,261 7,414 13-52,021-12,320-40,141-41,225 43,647 23,330 2. (%) 7.91 0.14 8.04 0.15 168
169 FCS, FCIS 183 54
(+86) 379 6860 3993 A 166 36 H 183 17 1712 1716 A H A603993 H03993 1. 2. 3. 4. 5. 6. 7. 8. 55 68 19 www.chinamoly.com 170
100% NPM Northparkes ParkesNorthparkes 80% APT MAP 171
TFM TenkeFungurume Anglo American PLC BHR BHR Newwood Investment Management Limited TFM TenkeFungurume Mining S.A.(DRC) SPV CMOC Luxembourg S.A.R.L Lundin Lundin Mining Corporation CIL CopebrasIndústria Ltda.Catalão Chapadão NML NiobrasMineração Ltda.Catalão Boa Vista NCCL New China Capital Legend Limited NCCL Natural Resources Investment Fund LP NREIL Natural Resource Elite Investment Limited IXM IXM B.V. Gécamines La Generale des Carrieres et des Mines CMOC Congo CMOC Congo SASU CCC SARL Congo Construction Company CMOC Limited NSR New Silk Road Commodities Limited SNEL Société nationale d électricité : 172
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