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REVENUES AND GROSS PROFIT
YEAR ENDED DECEMBER 31
Our revenue, gross profit before depreciation and amortization, and gross profit by business unit are summarized in the table below:
Gross profit before depreciation and($ in millions) Revenues amortization Gross profit---------------------------------------------------------------------------- 2012 2011 2012 2011 2012 2011----------------------------------------------------------------------------Copper Highland Valley Copper $ 1,012 $ 997 $ 513 $ 486 $ 390 $ 396 Antamina 897 799 633 588 591 565 Quebrada Blanca 499 562 82 255 (15) 160 Carmen de Andacollo 597 608 225 288 142 213 Duck Pond 130 142 42 57 16 35 Other 7 - 5 - 5 ----------------------------------------------------------------------------- 3,142 3,108 1,500 1,674 1,129 1,369Coal (note 1) 4,647 5,641 2,033 3,306 1,563 2,800Zinc Trail 1,865 1,989 64 256 14 207 Red Dog 892 1,008 418 547 361 496 Other 7 18 (2) 2 (2) 2 Inter-segment sales (214) (250) - 3 - 3---------------------------------------------------------------------------- 2,550 2,765 480 808 373 708Energy 4 - 4 - 1 -----------------------------------------------------------------------------TOTAL $ 10,343 $ 11,514 $ 4,017 $ 5,788 $ 3,066 $ 4,877----------------------------------------------------------------------------1. Our coal business unit represents our interest in six operating mines. We wholly own the Fording River, Coal Mountain, Line Creek and Cardinal River Operations, have a 95% partnership interest in the Elkview Mine and an 80% joint venture interest in the Greenhills Operation.
COPPER
Highland Valley Copper (97.5%)
Operating results at the 100% level are summarized in the following table:
Three months ended Year ended December 31, December 31, 2012 2011 2012 2011----------------------------------------------------------------------------Tonnes milled (000's) 11,660 11,653 45,383 42,284Copper Grade (%) 0.36 0.27 0.30 0.26 Recovery (%) 88.4 87.7 86.7 87.6 Production (000's tonnes) 37.4 27.3 116.3 97.3 Sales (000's tonnes) 36.8 30.4 117.0 103.9Molybdenum Production (million pounds) 2.5 2.8 10.0 7.9 Sales (million pounds) 3.1 3.1 10.0 8.4Cost of sales ($ millions) Operating $ 130 $ 171 $ 462 $ 474 Distribution $ 12 $ 12 $ 37 $ 37 Depreciation and amortization $ 31 $ 28 $ 123 $ 90Gross profit summary ($ millions) (note 1) Before depreciation and amortization $ 172 $ 92 $ 513 $ 486 Depreciation and amortization (31) (28) (123) (90)---------------------------------------------------------------------------- After depreciation and amortization $ 141 $ 64 $ 390 $ 396----------------------------------------------------------------------------1. Results do not include a provision for the 2.5% non-controlling interest in Highland Valley Copper.
