The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Dry Tailings Storage Facility

Christian Trulsson - Business Development Manager MH Brisbane, 5 June 2013

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Dry Tailings Storage Facility - Agenda

Project Background

Mobile Conveyor System Basics

System components

Operating Principle

Summary and Conclusion

Questions

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

FLSmidth - Who are we?

FLSmidth supplies everything from single machines to complete minerals and cement flow sheets including associated services – One Source

+15,000 employees globally engaged in design, supply, construction, operation & maintenance, and service support to the minerals and cement industries

17+ locations across Australia.

Head Office in Copenhagen/Denmark and listed on Danish Stock Exchange

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Iron Ore Project - Location

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Karara Iron Ore - Process Flowsheet Karara Mining is a 50-50 joint venture between Gindalbie Metals

Limited and AnSteel, one of China’s biggest steel makers and iron ore miners.

Courtesy of Gindalbie Melats Ltd

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Dry Tailings Storage Facility - The FLSmidth Approach

Site Visit Review conditions

Receive technical inputs

Conceptual material handling solutions +/- 30%-50% accuracy CAPEX

Detailed Study +/- 15%-25% CAPEX/OPEX

Final Engineering

Fabrication/Erection

We offer turnkey systems or assistance with installation, training and commissioning in addition to post commissioning support.

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Stacking Technologies

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Stacking Method Economics

GRASSHOPPER/PORTABLE CONVEYORS

BOOM SPREADER

TRUCKS (AND DOZERS)

MOBILE CONVEYOR

- PERMANENT

- REUSABLE OPEX CAPEX

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Mobile Conveyors

Satefy

Environment

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

World’s First Mobile Stacking Conveyor Client: PP&L – 1975 Capacity: 1000 tph

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

World’s Largest Tailings Stack

Mantos de Oro La Coipa, Chile

Capacity 1,200tph

Commissioned 1990

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Applications

Overburden Removal and Stacking

Permanent and Reusable Heap Leach Pads

Tailings Conveying and Stacking

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Dry Tailings Storage Facility - Environment

The plant is state of the art technology including significant improvements on environmental impact of the waste and the facility.

Ideal for:

Dry climates

Wet climates

Cold climates

Substantially reduced water requirements

Elimination of water loss through evaporation

Groundwater contamination eliminated

Vast reduction in environmental footprint => less CAPEX

Rehabilitation plan established including the use of native flora to maintain

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Dry Tailings Storage Facility - Safety Site access enhanced.

Equipment and vehicles can move freely around the storage site.

Truck traffic eliminated.

The risk of tailings overflow or run-out due to catastrophic failures of storage pond walls is eliminated.

Can be established in high seismic regions.

Rio Pomba, Brazil 2007 Ajka Bauxite, Hungary 2010

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Mobile Conveyor System Basics Low ground pressure on crawler tracks (15-30psi)

Automatic alignment and leveling

Highly accurate positioning through GPS control

Robust systems with high availability (typically 90+%)

Low operational cost

Improved safety

Environmental benefits

Higher the capacity the greater the operational savings

Current capacities 500-12,000 tph. Up to 800m long

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Ground Bearing Pressure - Interesting facts....

20 psi ground pressure over the whole machine.

35 psi when a tripper is directly over a given track

Can reach as low as 15 psi

Reference

D11 dozer is 19 psi

large haul truck is 70 psi.

A human wearing work

boots is 3-4 psi.

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Mobile Stacking Conveyor

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Mobile Conveyor Basics - Single Belt

No transfer points

No spillage

No wear

No dust

Less noise

Single drive

Etc

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Retreat stacking copper ore onto leach pad – Note straightness of stacking face

Alignment Control (critical for belt tracking)

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Alignment Control (critical for belt tracking)

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Mobile Conveyor Basics - Tripper

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Mobile Conveyor Basics - Track Leveling

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Mobile Conveyor Basics - Track Leveling

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Mobile Conveyor Basics - Joints Between Frames

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Operating on Irregular Terrain

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Mobile Conveyor Basics - Ramp Construction

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Mobile Conveyor Basics - Term Definitions

Advance Stacking Retreat Stacking

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Definition of Terms

Retreat Stack

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Definition of Terms

Advance Stack

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Dry Tailings Storage Facility - Operating Principle

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Simple Stacking Plan

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Complex Stacking Plan

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Dry Tailings Storage Facility - System Components Equipment # Description

RADIAL STACKER Secondary System Radial Stacker

CV-101 Ramp Conveyor

CV-104 Mobile Stacking Conveyor (MSC)

CV-105 MSCT Cross Conveyor

CV-106 Spreading Conveyor

CV-108 Reclaim Hopper Feeder

CV-103* Extendable Moveable Conveyor

MOT-101* Mobile Overland Tripper (for CV-103)

CV-102* Extendable Feed Conveyor

*CV-102 , CV-103 and MOT-101 are not needed on day 1 for operation.

=> Total of ~3.3km conveying

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Dry Tailings Storage Facility - Secondary System Radial Stacker

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Dry Tailings Storage Facility - CV-108 Reclaim Hopper Feeder

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Dry Tailings Storage Facility - CV101-Ramp Conveyor

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Dry Tailings Storage Facility - CV-104 Mobile Stacking Conveyor

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Dry Tailings Storage Facility - CV-105 MSC Tripper Cross Conveyor

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Dry Tailings Storage Facility - CV-106 Spreading Conveyor

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40

The system is state of the art technology. High level of automation and plant monitoring Remote monitoring from FLS Perth ICE center Mobile/email notification My plan App for iPad and iPhone Report card

KPI Maintenance Planning Remote Support

Karara Dry Tailings Storage Facility - Automation and Control

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Dry Tailings Storage Facility - Conclusion Mobile Conveyors

Equipment and systems are proven

Equipment designed and built to withstand rugged mining operations

Equipment and systems perform at highest availabilities

Lowest operating cost equipment and systems

All solutions are driven by mine plans, topography and material characteristics

As a consequence suppliers need to be systems providers rather than product suppliers

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Karara Dry Tailings Storage Facility - Summary

Mobile tailings stacking system – 2850tph – 3.3km conveying

The technology allows for a process that enables dewatered tailings material to be conveyed and stacked rather than pumped.

Environmental benefits

Smaller footprint => less CAPEX

Decrease environmental exposure

Reuse much of the water

Improves rehabilitation efficiency

Safety benefits Site access enhanced

Traffic eliminated

Risk of pond failures eliminated

Significant reduction in OPEX

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Questions?

The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws. The information contained or referenced in this presentation is confidential and proprietary to FLSmidth and is protected by copyright or trade secret laws.

Thank You!