9 months

9 months

ended

ended

30 Sep

30 Sep

US$000

2007

2006

Profit before income tax

44 578

58 210

Adjustment for non-cash items

24 218

23 425

Effects of changes in operating working capital items

(29 126)

(10 817)

Income tax paid

(9 178)

(9 053)

Net cash generated from operating activities

30 492

61 765

Additions to property, plant and equipment

(37 998)

(50 844)

Financing of contractors

-

105

Net cash used by investing activities

(37 998)

(50 739)

Ordinary shares issued

4 324

2 685

Decrease in long-term loans

(2 214)

(10 843)

Dividends paid to company's shareholders

(6 874)

-

Net cash used by financing activities

(4 764)

(8 158)

Net decrease in cash and cash equivalents

(12 270)

2 868

Cash and cash equivalents at beginning of year

143 356

152 452

Cash and cash equivalents at end of the period

131 086

155 320