A$
Australian dollars AUD/USD exchange rate Australian US dollar exchange rate

Ag
Chemical symbol for silver

ARA
The Australian Refined Alloys joint venture with Simsmetal Limited, in which a Pasminco subsidiary has a 50% interest

Au
Chemical symbol for gold

break-even zinc price
The lowest zinc price for a particular performance period at which Pasminco would break even i.e. make zero profit

contained zinc/lead
Amount of zinc/lead metal contained in a mineral deposit or concentrate, calculated by multiplying average grade by total tonnes

co-treatment
Co-treatment of paragoethite (or ‘co-treatment’) is an integrated process developed by Pasminco and involving two of its smelting sites. Commissioned in 1997/8, the new technology has eliminated jarosite production at the Hobart smelter, which now produces an intermediary product called paragoethite. This is shipped to the Port Pirie lead smelter to undergo additional treatment and further metal recovery

Cu
Chemical symbol for copper

EBIT
Earnings before interest and tax

ESHE
Executive Safety Health and Environment Committee (Pasminco Group subsidiaries) consists of Pasminco’s management team (see page 30), is attended by the Group Managers Environment and Safety & Health and chaired by the Managing Director and Chief Executive. The ESHE establishes policy and strategic directions for the management of safety, health and environment across the Pasminco Group

g/t
grams per tonne

Gulf Communities Agreement
Agreement between Century, native title claimants and the Queensland Government, dated 7 May 1997

ISO14001
An international standard for environmental management systems published by the International Standards Organisation in 1996. Key elements include Policy, Planning, Implementation and Operation, Checking and Corrective Action, and Management Review.

ISO 9002
International standard for quality assurance in production, installation and servicing

ISO 9003
International standard for quality assurance in final inspection and test

jarosite
A residue of the roasting and hydrometallurgical treatment of zinc concentrates. A compound of ammonia, iron and sulphate, it takes its name from a similar naturally occurring material. Jarosite cannot be reprocessed except at very low rates. Historically, it has been disposed of at sea, in permanent ponds or landfill sites

LME
London Metal Exchange

LTI
Lost Time Injury, an injury to a person which results in that person losing one normal working day or shift any time after the date of the injury

LTIFR
Lost Time Injury Frequency Rate, the number of lost time injuries per million hours worked

Nlg
Netherlands guilder

ore reserves
As defined in the 1996 Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves

paragoethite
A hydrated iron oxide produced at the Hobart smelter as part of the co-treatment process

Pb
Chemical symbol for lead

PBS
Pasminco Business Systems, an initiative to introduce an integrated business system utilising SAP software and encompassing sales and marketing, asset management, maintenance, finance, purchasing and human resources processes across Pasminco

premium
Dollar amount payable over and above the LME price as negotiated between buyer and seller (includes freight and other realisation costs)

resource
As defined in the 1996 Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves

SI
Serious Injury, any injury that results in lost time, medical treatment or selected/restricted duties

SIFR
Serious Injury Frequency Rate, the number of serious injuries per million hours worked

SO₂
sulphur dioxide

µg/dL
micrograms per decilitre

Western world
A term used by industry analysts such as Brook Hunt and CRU to include all countries apart from China, Vietnam, North Korea, Cuba, the former Soviet Union and eastern Europe (Romania, Bulgaria, Czech Republic, Slovak Republic, Hungary, Poland)

Y2K
Year 2000

Zn
Chemical symbol for zinc

ZnEq
Zinc equivalence is a concept which allows the mine planner to take into account not only the zinc grade of an ore block but also the value of lead and silver. The total value of zinc, lead and silver in a block is divided by the zinc
price to give the zinc equivalent grade of that block

Click here to download PDF files of:

- Operations at a Glance (excerpt from Annual Report 1998)
- Production 5-Year Summary (excerpt from Annual Report 1998)
- Performance 10-Year Summary (excerpt from Annual Report 1998)

or

- Pasminco Annual Report 1998 (full report including the above excerpts)

Click here to download Adobe Acrobat PDF Reader

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