A$
Australian dollar
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
JORC Code
The Australasian Code for Reporting of Mineral Resources & Ore Reserves (the `JORC Code` or `the Code`) sets out minimum standards, recommendations and guidelines for Public reporting of exploration results, Mineral Resources and Ore Reserves in Australasia. It has been drawn up by the Joint Ore Reserves Committee of The Australian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia.
LME
London Metal Exchange
MRI
Medical Referral Injury
MRIFR
Medical Referral Injury Frequency Rate
MV Wunma
Transfer vessel`s name `Wunma` is pronounced `Wood - MA` and is from the Lardil language group (Mornington Is). It is a variety of frigate bird which is found in the Gulf region
NHMRC
National Health & Medical Research Centre
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)
Quenched Bullion
At Cockle Creek, lead is tapped from the blast furnace into a continuously stirred and cooled lead kettle. Molten lead flows into the kettle and is rapidly quenched from 1150C to 400C, 3 tonne blocks. The casting process is fully automated.
resource
As defined in the 1996 Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves
PSMS
Pasminco Safety Management System
SAP
SAP AG SAP (Systems, Applications and Products in Data Processing) was founded in 1972, in Walldorf, Germany, is a
publicly held corporation with shares traded on the German and Swiss stock exchanges, and in 1995 the company was added to the DAX, the index of German blue-chip companies. In the US, SAP`s unrestricted American Depository Receipts (ADR) trade over the counter under the symbol SAPHY.
SHLG
Safety & Health Leadership Group
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:
- 2000 Pasminco Annual Report indexable pdf (4.8Mb)
- Notice of Annual General Meeting 2000 (96Kb)
- Financial Summary (110Kb)
- Operations at a Glance (19Kb)
(excerpt from Annual Report 2000)
- Production 5-Year Summary (13Kb)
(excerpt from Annual Report 2000)
- Performance 10-Year Summary (10Kb)
(excerpt from Annual Report 2000)
The financial information presented on this web site represents extracts from the audited financial report of Pasminco Limited for the financial year ended 30 June 2000 issued on 22 September 2000. These extracts cannot be expected to provide as full an understanding of the financial performance, financial position and financing and investing activities of the entity as a reading of the complete financial report.
The complete financial report, and the audit report thereon, can be obtained, free of charge, on request to the entity
annualreport@Pasminco.com.au
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