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はじめに

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クォータリー・レビュー�������� 2008 2�� ���

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Ⅰ.ベースメタルの国際市況と需給動向 ����������������������� 1

1�� ������������������������������������� 1

2�� ������������������������������������� 4

3��� ������������������������������������ 7

4����� ����������������������������������10

Ⅱ.世界の主要生産者の動向 ����������������������������12

1��� ��� ��������������������������������12

2���� ��� �������������������������������13

3������ ��� �����������������������������14

Ⅲ.主要企業の2008年第2四半期動向レビュー���������������������15

!1�Corporacion Nacional del Cobre de Chile"CODELCO# ��������������15

2�BHP Billiton ��������������������������������17

!3�Grupo Mexico"GM#������������������������������22

4�Rio Tinto ����������������������������������24

5�Freeport-McMoRan Copper & Gold Inc."FCX#�������������������26

6�KGHM Polska Miedz�S.A."KGHM# ������������������������28

7�Antofagasta ���������������������������������29

8�Anglo American��������������������������������31

9�Barrick Gold���������������������������������32

10�Newmont �����������������������������������34

11�Teck Cominco���������������������������������36

12�Pe~noles �����������������������������������38

13�PT Antam�����������������������������������40

14�Companhia Vale do Rio Doce"Vale#�����������������������44

15�Xstrata �����������������������������������46

16�Glencore International AG ��������������������������49

17�Kazakhmys ����������������������������������52

/【K:】Server/クォータリー・レビュー/表紙 他/目次 2009.03.12 10.07.56 Page 3

Ⅳ.その他企業の動向、主要国の生産統計 ����������������������54

1����� ����������������������������������54

2����� ����������������������������������81

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Ⅰ.ベースメタルの国際市況と需給動向

1.銅

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2.鉛

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3.亜鉛

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4.ニッケル

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2007� 2008� ������%�

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1 CODELCO 382 423 396 463 1,664 366 350 -11.1 -4.42 FCX 485 440 421 441 1,788 327 350 -26.8 6.93 BHP Billiton 358 342 308 348 1,356 329 391 2.9 18.8 14 Xstrata 449 538 987 220 224 -1.1 2.05 Rio Tinto 198 187 173 181 738 185 215 4.0 16.06 Anglo American 308 347 655 159 161 3.8 1.37 �Grupo Mexico 172 159 138 126 595 128 117 -25.9 -8.38 KGHM 129 132 138 134 533 129 129 -1.2 0.1 29 Antofagasta 106 106 101 115 428 115 119 10.2 3.810 Kazakhmys 105 97 92 97 390 86 85 -15.3 -1.511 Norilsk 101 100 104 110 415 104 104 3.5 012 Teck Cominco 53 53 62 84 252 45 52 -8.5 15.613 Vale 77 68 64 74 283 73 76 2.8 4.114 Barric Gold 45 46 45 46 182 39 39 -14.3 015 Newmont 23 22 34 15 94 21 10 -31.1 -52.4

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Ⅱ.世界の主要生産者の動向

1.銅企業の動向

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V KGHM� 1.2%2)9V Antofagasta� Los Pelambres*1�� ( 10.2%1)10V Kazakhmys

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2007� 2008� ������%�

����%� �

No. Q 1 Q 2 Q 3 Q 4 �� Q 1 Q 21 Xstrata 377 359 736 183 198 1.0 8.4 12 Teck Cominco 167 176 190 165 698 175 171 0.9 -2.3 13 Zinifex 143 164 154 147 607 146 152 -2.6 3.8 14 Glencore � � � � 540 � � � � 25 Vedanta 121 134 143 135 533 138 138 8.2 0 16 Volcan � � � � 346 � � � � 27 Anglo American 169 175 343 83 88 1.5 6.4 18 Boliden 89 87 76 82 333 82 76 -10.1 -8.4 19 Votorantim � � � � 180 � � � � 210 Penoles 50 48 50 46 194 46 46 -5.9 0.9 1

10�� 842 881 880 842 4,509 853 1.3 -100.0�� 1,381 � � 2,950 669 922 15.2 37.9 3

� 1����������2�Raw Material Data�3���������� �����!"#$�%&'���( 1�6)�*(�+,-./�Xstrata�Anglo American"0�12�345�67-789�0�12�3(:;( 1<2,46=�>?�467./@8�Glencore�Volcan"ABCDE-89�F0�(=�G"H@I-7/���(JKL")*(MN(OPQCDE-89=�Q(RS467./

2.亜鉛企業の動向

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2007� 2008� ������%�

����%� �

No. Q 1 Q 2 Q 3 Q 4 �� Q 1 Q 21 Norilsk Nickel 61 71 75 75 282 75 69 8.6 -7.7 12 Vale 61 62 55 69 247 61 69 5.7 13.1 13 BHP Billiton 46 48 39 44 176 43 43 -8.4 -0.9 14 Antam � � � � 110 � � � � 25 Xstrata 40 41 81 19 22 2.7 -8.8 16 Eramet � � � � 34 � � � � 17 Anglo American 13 13 26 5 5 -25.6 -27.6 1

��� 20 20 20 19 78 20 20 -1.5 0 3�� 16 17 17 17 68 16 19 3.0 21.7 37��2��� 230 218 232 224 1,101 237 246 7.8 4.0 �

� 1����������2�Raw Material Data�3����� !"#$%&�����'()*�+,-���� 1�6.�/��01234%56�/�7�(89:;<=>?@3A��BCD>?@34%BHP Billiton(EFG�H�I<

3.ニッケル企業の動向

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Ⅲ.主要企業の2008年第2四半期動向レビュー

�1.Corporacion Nacional del Cobre de Chile(CODELCO)

�2008� Q 2� El Abra��� CODELCO��� ���� 21.5%�� 26.1� US$��

��� ���� 28.0%�� 7.2� US$�����

�2008� Q 2������El Abra�� �� ���� 17.3%�� 350 k t�����

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2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

��� Income from ex-ploitation of own products

12,984 2,320 3,326 2,748 4,590 2,865 2,612

�� Net profit 2,982 635 1,005 714 628 665 724�����% 22.9 27.3 30.2 25.9 13.6 23.2 27.7� 1 ������� El Abra�����

2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

�� 1,664 382 423 396 463 366 350������ 28.0 6.3 7.3 7.0 7.4 7.0 3.0

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��� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2CODELCO Norte�100% 896 192 225 224 255 184 197Salvador�100% 64 18 16 11 19 14 11Andina�100% 218 57 55 51 55 56 47El Teniente�100% 405 94 107 91 113 93 74El Abra�49% 81 21 20 19 21 19 21!"#$%&'(�)*lb 39.7 28.0 31.1 42.6 39.7 41.4 60.1� 1 +,-�./0123'� 2 Q 2456!"#$%&'(�789:� 3 El Abra6+,-� CODELCO$;< 49%1

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2.BHP Billiton

�2008� Q 2�1������2�� Q 1 19%����� Q 2 14% �������

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B��BHP Billiton Production Report for the year ended 30 June 2008, 18 August 2008

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2007� 2008��� H 1�1 H 2 H 1�2

��� 50,899 25,360 25,539 33,934�� 13,265 7,248 6,017 9,373�����% 26.06 28.58 23.56 27.62����3 1,173 575 598 308�1 2006� 7��2007� 6�� 12����� 2006� 7��2006� 12�� 6�����������2 2007� 7��2008� 6�� 12����� 2007� 7��2007� 12�� 6�����������3 ��� !

"# BHP Billiton Result for the Year ended 30 June 2008, 18 August 2008BHP Billiton Result for the Half Year ended 31 December 2007, 6 February 2008BHP Billiton Result for the Year ended 30 June 2007, 22 August 2007BHP Billiton Result for the Half Year ended 31 December 2006, 7 February 2008

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���2007� 2008�

��� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2��� k t�1 805.5 190.7 196.9 194.5 211.8 190.7 221.0�� k t�2 550.1 138.2 145.2 113.3 136.3 138.2 169.7��� t�3 258,234 67,885 62,726 61,521 70,544 67,885 53,176���� t�1 139,974 35,970 39,148 37,259 27,807 35,970 43,454 t�3 5.7 1.1 1.6 1.3 1.4 1.2 1.2

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Antamina ��� t��1 83,534 22,235 27,793 22,756 12,320 22,235 26,210Escondida �� t��1 2.8 0.5 0.7 0.7 0.7 0.5 0.5

�� oz��1 89,567 17,660 23,754 23,194 21,376 17,660 17,501Olympic Dam �� t��2 2.9 0.6 0.9 0.5 0.8 0.6 0.6

�� oz��2 92,807 18,555 28,689 17,119 24,338 18,555 20,505Escondida �� t��1 121.4 24.6 30.8 34.7 27.3 24.6 25.5

�� koz��1 3,903 790 990 1,116 877 790 821Antamina �� t��1 105.5 25 29.1 32.8 20.3 25.0 30.9

�� koz��1 3,391 803 934 1,056 652 803 994Cannington �� t��1 1,165.4 293 293.2 272.4 314.9 293.0 223.4

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�� koz��1,�3 903 169 275 193 239 169 179Pinto Valley �� t��1 0.4 1.2 � � 0.4 1.2 1.9

�� koz��1 13.3 � � � 13.3 38.4 61.7Olympic Dam�U3O8 t��4 3,995 993 988 933 1,191 993 1,027Antamina �Mo t��1 2,153 580 493 693 679 580 590CMSA ��� k t��5 49.4 7.8 12.7 12.5 11.4 7.8 10.1Yabulu��� k t��5 28.8 6.2 9.3 5.5 6.0 6.2 10.3Nickel West��� k t��5 97.6 29.0 25.7 20.6 26.3 29 22.1Yabulu �Co k t��5 1.8 0.3 0.5 0.5 0.4 0.3 0.5Worsley� ��� k t� 3,031 712 768 784 771 712 768Paranam� ��� k t� 980 247 243 244 252 247 240Alumar � ��� k t� 528 136 133 125 134 136 141Hillside� ���� k t� 709 167 177 178 180 167 170Bayside� ���� k t� 190 44 47 48 47 44 29Alumar� ���� k t� 176 45 44 44 44 45 45Mozal� ���� k t� 265 65 66 67 67 62 61Mt. Newman JV���� k t� 30,427 7,265 7,665 7,904 8,147 7,265 7,013Goldsworthy JV���� k t� 641 386 195 134 170 386 251Area C JV ���� k t� 21,321 7,114 5,078 4,916 6,474 7,114 8,626Yandi JV ���� k t� 37,531 10.061 9,661 9,823 9,770 10.061 10,622Jimblebar���� k t� 4,923 1,660 1,341 1,157 1,248 1,660 1,054Samarco ���� k t� 8,041 1,933 2,001 2,067 2,107 1,933 2,357� ��������� k t��6 2,544 877 631 572 709 877 882����������� k t��6 3,485 789 888 873 904 789 969� ��������� k t��6 533 125 137 123 141 125 124����������� k t��6 242 67 49 61 68 67 66BMA ��� k t� 25,975 4,232 7,442 5,917 6,138 4,232 6,508BHP Mitsui Coal��� k t��7 6,094 847 2,047 1,454 1,526 847 1,306Illawarra��� k t� 7,362 1,767 1,643 2,201 1,979 1,767 1,318� �� �!� k t� 48,442 11,129 12,596 11,706 11,277 11,129 10,960���� �!� k t� 11,218 2,965 2,610 2,918 2,959 2,965 2,934�1�"�#$�%&'( �2��)� �3��)��4�"�#$�*�+,-(�5���"�.)�/0���1#$�%&'(�6�100%234�BHP Billiton$567 60%��7�100%234�BHP Billiton$567 80%�

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2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

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�4����

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DEF�GHIJ�KLMNO5�MM�'�� 99.15%�!P�

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2007� 2008���� H 1 H 2 H 1

��� Sales revenue 33,518 13,930 19,588 30,005�� Net earning 7,312 3,253 4,059 6,914�����% 21.82% 23.35% 20.72% 23.04%

Q 1 Q 2 Q 3 Q 4 Q 1 Q 2��� 570 72 122 154 222 159 242

2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

�� 737.9 198.1 186.5 172.5 180.8 185.2 214.9��� 390.0 101.6 100.7 98.7 89.0 78.3 82.8������ 14.9 4.7 3.8 3.5 3.0 3.4 2.2

4.Rio Tinto

��������� !"�#$%&'()�� 214.9 k t *�+�,& 15.2%-

�1 ./01%

�Kintyre23��4�5 6 495 m US$&�7689:;<=>? Rio Tinto@A$BCD�

EFG��7H 150I US$��JKLMNO�&PQ<

��������*�+�,& 15.2%-� 214.9 k tRST !"�#$%&?'()����

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��������2007� 2008�

� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

Bingham Canyon��� 212.2 54.1 55.6 49.5 53.0 44.7 60.2

Escondida��� 421.6 111.5 105.2 101.2 103.8 117.2 128.1

Grasberg��� 28.4 5.8 5.6 7.5 9.4 6.5 7.1

Northparks��� 34.5 13.7 9.9 5.6 5.3 4.1 4.4

Palabora��� 41.2 13.0 10.2 8.7 9.3 12.8 15.1

Kennecott Utah Copper�SxEw�����

265.6 69.7 67.9 68.7 59.3 52.1 49.3

Escondida�SxEw�����

71.5 19.9 19.7 16.1 15.8 15.7 21

Palabora�SxEw�����

52.9 12 13.2 13.8 13.8 10.5 12.4

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( 2010� Q 3-./012+�2011�$34��$5678*9:;$<=�,�����

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5.Freeport-McMoRan Copper & Gold(FCX)

�Climax��������� ����

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�20074 12?7FCX=-�CO@ Leadville Climax�������A�BC�+D�>�5E

US$�FG��HI&'%7J�K���72010401���BC#41 3LM lb#14 k t$$

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� SxEw�`Wab701cd� 104efghi<��]�01= 2010 4����7

20124ej= 325 m lb#147 k t$34�01i<�k�l<�Fmno= 4E 5LM US$�p

qr�20084 3?�stuvwxRS�TUyz�

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^9:��01= 50 k t9: Q 2�= 66 k t3������>�20104��� 80 k t3����

i<�k�l<�Big Gossan�^=720114�= 7 k t3���01�BC��;<�

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�;<�FmBCo= 20074 10? 9E US$9: 20084 4?�= 17E 5LM US$�±��

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ÉQ�;<��Ê�� �ËÌ7,-�= Morenci7Bagdad7Sierrita7Z-�= Cerro

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2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

����Revenues� 16,939 2,246 5,443 5,066 4,184 5,672 5,441

���Operating income� 6,555 1,172 2,354 1,877 1,152 2,396 2,053

���Net income applicable to common stock� 2,769 476 1,104 775 414 1,122 947

������ 16.30% 21.20% 20.30% 15.30% 9.90% 19.80% 17.40%����Exploration and research expense� 145 7 40 40 58 52 80

�� �� 2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

��k t��� ��

��Morenci�85%�� 312 72 83 85 72 66 70Bagdad 92 19 23 26 23 24 24Sierrita 68 17 16 19 17 19 22Chino 86 19 20 22 25 20 21Tyrone 23 6 5 5 6 7 7Miami 9 1 3 3 2 2 2Tohono 1 � � � � � �Safford � � � � � 10 11��� 8 3 2 1 2 1 � � 599 137 152 162 148 148 159!�Cerro Verde�53.56%� 269 51 64 78 77 75 81Candelaria/Ojos del Salado�80%� 205 45 49 54 58 45 44El Abra�51%� 166 43 40 40 43 39 42

� 641 139 153 171 177 160 167"#$%&'Grasberg�90.64%�� 522 212 135 80 94 91 101(� 1,762 488 440 413 420 399 427�)*�� -296 -73 -72 -74 -77 -72 -77+� 1,466 415 368 339 343 327 350

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�� 1 0 0 0 0 0 0!��80%� 4 1 1 1 1 1 1"#$%&'�90.64%�� 68 33 25 6 5 8 7

� 72 34 26 7 6 9 8�)*�� -7 -3 -3 -1 -1 -1 -1+� 65 31 23 6 5 8 7

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Henderson 18 5 5 5 4 4 5���012�� 14 3 4 4 3 4 3Cerro Verde�53.56%��012� � � � � � � �

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2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

��� Sales 12,183,113 2,643,492 3,216,585 3,410,701 2,912,335 3,002,314 3,028,621��Profit for the period

3,798,826 914,265 906,980 1,162,901 791,680 982,196 832,494

�����% 31.20% 34.60% 28.90% 34.10% 27.20% 32.70% 27.50%��� � � � � � � ��������

2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

��� 532,974 128,592 132,474 138,247 133,661 128,947 129,000� 1,215 322 286 308 299 292 308

�6.KGHM Polsaka Miedz (KGHM)

�2008� Q 2����������� !"#$%&�'�( 6% � 3,029 m PLN)��

������� !"#$%�&�'�( 11% � 832 m PLN*+,-)

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�7 133 k t* !�&�'� 144 k t J�K-���FG LMELM7 8,448 US$/t�&�'

� 7,637 US$/t ���FG LBMLM7 17.18 US$/oz�&�'� 13.33 US$/oz *�NJ-O

������� !�PQ#$%�&�'�( 6% *+,-)

�RST2.�Operating Costs ��1.975 m PLNC�&�'�( 5%U�95 m PLNU *+,

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7.Antofagasta

�2008� Q 2��������� 119,000 t ������ 12.3%��2008� H 1��

�� 233,600 t ������ 10.2%������

�Los Pelambres������� �� 2,000 t ������ 4.8%!�2008� H 1�

���� �� 3,800 t ������ 22.4%!����"�#$�%�&'���

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������ 2008� H 1�/0123456� 72.278lb ������ 30.378lb-9

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������ ��� 19.8%������ �� 22.4%!�

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�Michilla��AX�YⅡZH[������ �ËÌ�Í�� 1.7%!��������Ò

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2007� 2008���� H 1 H 2 H 1

��� Turnover 3,826.7 1,942.1 1,884.6 2,407.0�� Net earnings 1,382.1 728.4 653.7 792.8�����% 36.1 37.5 34.7 32.9��� Exploration 38.1 16.1 22.0 22.4

2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

��� �k t 428.1 105.9 106.1 100.6 115.4 114.6 119.0������� �k t 10.2 2.1 2.8 2.5 2.7 1.8 2.0��������� !lb 31.6 35.8 24.8 30.1 35.5 72.2 72.3

2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

Los Pelambres�60% 289.9 70.7 71.1 66.6 81.6 79.1 84.7El Tesoro�100% 93 23.6 23.2 22.5 23.7 23.9 22.7Michilla�72.4% 45.1 11.6 11.8 11.4 10.2 11.5 11.6�"#�$%& 2008� 6'()

*+,-�"-./01#23�4-%56%��78

9:�;Ⅲ<�=%>?@ 80 km# Rio Figueroa��ABC$D�# 30%0E Metallica Re-

sources Inc.#FGH Minera Metallica Resources Chile Ltda�I .JK 2.60 LM US$NO

PQRST�UVWKX����7LM US$ -F/S-YZ���5LM US$ E[\]^_-

0E 70%`NabcdeA�f�0gOPQhijMetallica Resources Inc.&-2008� 3' 31klmN Peak Gold Ltd.no New Gold Inc.pqrs-tHuE New GoldIncv�wHjVancouver psxydQ

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2007� 2008���� H 1 H 2 H 1

��� Revenue 35,674 19,849 15,825 17,915�� 7,304 3,379 3,925 4,281�����% 20.47% 17.02% 24.80% 23.90%��� 157 55 102 98

2007� 2008���� Q 1 Q 2 H 2 Q 1 Q 2

��� �t 655,000 146,387 161,913 346,700 159,000 161,000������ �t 25,600 6,462 6,438 12,700 4,600 5,000���� �t 343,100 82,072 86,428 174,600 82,000 88,200��� �t 62,100 16,903 13,497 31,700 17,100 14,700� �t 3.1 0.8 0.8 1.5 0.7 0.4

�oz 99,000 26,800 24,600 47,600 23,700 14,100�� �t 78 17.6 20.3 40.2 13.3 17.8

�oz 2,508,800 565,100 652,300 1,291,100 428,600 572,500����� �t 43.7 10.2 10.9 22.7 7.6 9.4

�oz 1,406,200 326,800 349,300 730,100 245,800 300,800 ��� �t 10.4 2.4 2.7 5.3 1.8 1.8

�oz 333,100 78,400 85,300 169,400 57,500 59,400

8.Anglo American

!�"��"����#$%&'"(�)�*+,-.- 0.6%/"2.1%0"21.9%/

!1�23"�����" ���#$%&'"(�)�*,-.- 8.9%/"11.1%/"

27.8%/

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8(�)�* 26.7%09:;<E

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!Barro Alto ����1 �[64�\��� '"�]# 40%8^_`"2010� Q 1B$%

ab#cd+eQE

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2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

��� Sales 6,332 1,089 1,642 1,684 1,917 1,958 1,967�� 2,142 132 623 568 819 942 821�� Net Income 1,119 -159 396 345 537 514 485���� 17.7% -14.6% 24.1% 20.5% 28.0% 26.3% 24.7%���Exploration

179 30 40 48 61 43 54

������������������������R&D���� �!"#��$%&'�()*+,-.

�/02007� 2008�

��� Q 1 Q 2 Q 3 Q 4 Q 1 Q 21 �t� 250.7 63.1 60.9 60.1 66.7 54.2 57.8

�k oz� 8,060 2,029 1,957 1,931 2,143 1,743 1,8572 �k t� 182 45 46 45 46 39 39

9.Barrick Gold

32008� Q 2415/6� 1,860 k oz�57.9 t�78�9�4 1,960 k oz�61.0 t�(:;

<=4414>?@AB���C 340 US$/oz�� 417 US$/ozD�E+,FG7�H�4

I� 485 m US$GJK8�9�4 396 m US$(�;<LMGJN,.

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3QRSTU4 BuzwagiVWXYP�415/Z[\]� 2009�^_G`a.�b5/6 250

cd260c oz�7.8d8.1 t�Cef"g<.

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���2007� 2008�

��� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2Porgera��Aut 15.1 2.3 3.0 4.8 4.9 4.5 4.7

�Auk oz 487 75 98 155 159 144 152Cortez��Aut 10.0 2.1 2.9 2.5 2.6 2.6 3.2

�Auk oz 323 68 92 80 83 83 103Lagunas Norte�Aut 33.7 8.9 8.9 7.2 8.7 7.3 8.1

�Auk oz 1,085 287 285 232 281 234 262Zald�var��Cuk t 142 36 35 36 35 33 31��� � PlacerDome�����Lagunas Norte �� Barrick��������

���������� !�"#

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2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

��� Revenues 5,526 1,224 1,276 1,616 1,410 1,943 1,522���� 1,962 292 347 732 �591 970 579��� Net income -1,886 68 -2,062 397 -289 370 277���� 34.1% 5.6% -161.6% 24.6% -20.5% 19.0% 18.2%��� Exploration 177 39 46 47 45 39 59

�� ������������������� ��R&D����!�"#$ �%&'(�)*+,-./01�2&�!�"#$3� �� 1,410456�789��� 630:;89��� 98:<&'(�<=>?�@A'B 163 C5913DE�F�GHIJ56� 2,211 m$KDLME1���NOPQ�2&� 1,122 m$�RSTG��UV�!)"W/,X3

�9Y2007� 2008�

��� Q 1 Q 2 Q 3 Q 4 Q 1 Q 27 �t 164.3 41.7 38.8 41.2 42.5 40.1 39.5

�k oz 5,281 1,342 1,248 1,326 1,365 1,290 1,271; �k t 94 23 22 34 15 21 10� Z[I\��37]^,M��_�`)��3

10.Newmont

a2008� Q 2I GAAPbc�d� 277 m US$/�efghijklmnIopDq/r�

s)��t-u�v���wxDyz{|�}-3

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2008� Q 2I7I_�`� 1,270� oz�39.5 t 3_����� 440 US$/oz/u�v�I

417 US$)�yL-3�������7&�� 900 US$/oz 3

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���2007� 2008�

��� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2Nevada�� 100% 72.8 17.5 16.5 18.2 20.7 16.9 16.9�Au�� �t�� �k oz 2,341 562 529 585 665 543 542Yanacocha�� 51.35% 25.0 6.7 4.8 6.0 7.5 8.0 7.1�Au�� �t�� �k oz 803 215 155 192 241 257 227Batu Hijau�� 45% Cu�k t

97 23 24 35 15 15 11

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2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

���Revenues

6,371 1,340 1,561 1,932 1,538 1,571 1,870

���� 2,738 620 764 894 460 614 879���Net earnings

1,615 360 485 490 280 345 497

���Exploration

105 20 25 34 26 19 27

�� ����������������������R&D������ !" �#$%&�'()*+,-

11.Teck Cominco

.2008� Q 2�/012)34567�89 Elk Valley2:;<=9:;$>�?���

�@ABCDE�F� 497 m C$GH�I�'�JK+-

�1 �LMN�

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���2007� 2008�

��� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2��� k t 252 53 53 62 84 45 52���� k t 698 167 176 190 165 175 171�� � k t 292 75 74 71 72 74 61� � k t 76 22 20 18 16 26 20����� t 3,236 600 703 934 1,000 735 774

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��� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2Red Dog��

�� 100% Zn�k t575 145 142 154 134 139 130

� �� 100% Pb�k t 136 33 31 36 36 36 32Highland Valley��

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� �� 97% Mo�t 1,709 396 352 471 466 352 396Mo�k lb 3,763 873 776 1,039 1,027 776 873

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2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

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.> kg� 12,085 3,213 3,031 2,805 3,037 3,136 3,095

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2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

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13.PT Antam

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Dairi����������� � 650� t�Zn 14.4%�Pb 8.7%

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2007� 2008������� 1�

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12,008,202 2,576,840 3,384,289 2,241,317 3,805,757 2,117,014 3,230,412

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� ���� ��� ���� m Rp�

����� Buli ������� 41,574 m�� 11,800Kawasi, Obi ������� 16,490 m�� 6,900

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2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

��� Gross revenues 33,115 7,680 8,899 8,124 8,412 8,048 10,897�� Net income 11,825 2,217 4,095 2,940 2,573 2,012 5,009�����% 35.7 28.9 46.0 36.2 30.6 25.0 46.0����m US$ 241.3 � � � � � �

14.Companhia Vale do Rio Doce(Vale) *US GAAPに基づく

�2008� Q 2���������� 22.5%�� 10,897 m US$��������� 19.5%

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2007� 2008���� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2

�� 295,302 65,645 73,122 78,307 78,228 72,712 76,196��� 17,570 4,175 4,311 4,434 4,650 4,380 4,309���� 1,334 410 706 100 118 541 658 ����� 542 131 144 130 137 132 128���� 4,254 978 995 1,123 1,158 1,058 1,063������ 550 136 137 138 139 132 136� 283 77 68 64 74 73 76���� 671 155 163 180 173 166 167���� 1,354 292 327 356 379 297 288���� 247 61 62 55 69 61 69��� �t 2,524 579 597 668 680 615 671!" �t 4.4 0.9 1.2 1.3 0.9 1.1 1.3

�k oz 140 29 39 43 29 36 43#$%�� �t 6.0 1.4 1.7 1.6 1.2 1.5 1.7

�k oz 192 45 55 52 40 48 54" �t 2.3 0.6 0.7 0.7 0.4 0.7 0.6

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��� Q 1 Q 2 Q 3 Q 4 Q 1 Q 2Carajas��� 91,687 21,568 21,236 24,263 24,620 24,199 23,239Azul����� 946 322 567 10 47 504 546Alunorte����� 4,254 978 995 1,123 1,158 1,058 1,063Albras������� 456 113 114 115 114 112 113Sossego�� 117 30 29 26 32 30 30Sudbury�� 112 32 28 23 29 28 29Sudbury����� 81 23 20 19 19 18 20Voisey's Bay����� 58 12 14 12 20 18 18Indonesia����� 75 18 20 17 20 15 19

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�� 2006� 2007� 2008� H 1��� 25,482 28,542 16,092���EBIT� 8,419 9,144 4,513 ���Attributable Profit� 4,885 5,543 2,829���� 19.2% 19.4% 17.6%

������������Capital Expenditure� 2,039 2,872 2,164��� 514 721 434��� �� 456 705 771!"�� 272 504 305#$% 797 942 654

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��� 2006� 2007� 2008� Q 1 2008� Q 2Xstrata Copper�� ��� t� 1,011,295 986,663 219,978 224,291 �t� 24.5 24.2 5.5 4.8

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16.Glencore

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Ⅳ.その他企業の動向、主要国の生産統計

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