Consistent Production Growth
Copper equivalent production increased by 1% in 2024, with a mid-range guidance indicating another 4% growth led by the ramp-up of Oyu Tolgoi. A decade of 3% compound annual production growth is projected.
Strong Financial Performance
Operating cash flow increased by 3% with a 67% EBITDA cash conversion rate. The company maintained a 60% payout for the ordinary dividend, equating to $6.5 billion, marking the ninth consecutive year at the top end of the range.
Strategic Diversification
The company is diversifying towards copper, aluminum, and lithium, with the acquisition of Arcadium Lithium enhancing future growth prospects.
Decarbonization Progress
Emissions were reduced by 14% between 2018 and 2024, with significant progress towards the 2030 target of a 50% emissions cut.