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Aditya Birla Minerals Ltd Annual General Meeting

18 August 2011

Presentation by

Sunil Kulwal,

CEO & Managing Director

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Disclaimer

 This presentation has been prepared by Aditya Birla Minerals Limited (“ABML”) and consists of written materials/slides for a presentation concerning ABML. By reviewing/attending this presentation, you agree to be bound by the following conditions.

 No representation or warranty, express or implied, is made as to the fairness, accuracy, or completeness of the information, contained in the presentation or of the views, opinions and conclusions contained in this material. To the maximum extent permitted by law, ABML and its related bodies corporate and affiliates, and its respective directors, officers, employees, agents and advisers disclaim any liability (including, without limitation any liability arising from fault or negligence) for any loss or damage arising from any use of this material or its contents, including any error or omission there from, or otherwise arising in connection with it.

 Some statements in this presentation are forward-looking statements. Such statements include, but are not limited to, statements with regard to capacity, future production and grades, projections for sales growth, estimated revenues and reserves, targets for cost savings, the construction cost of new projects, projected capital expenditures, the timing of new projects, future cash flow and debt levels, the outlook for minerals and metals prices, the outlook for economic recovery and trends in the trading environment and may be (but are not necessarily) identified by the use of phrases such as “will”, “expect”, “anticipate”, “believe” and “envisage”. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and may be outside ABML’s control. Actual results and developments may differ materially from those expressed or implied in such statements because of a number of factors, including levels of demand and market prices, the ability to produce and transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, operational problems, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by governmental authorities such as changes in taxation or regulation.

 Given these risks and uncertainties, undue reliance should not be placed on forward-looking statements which speak only as at the date of the presentation. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, ABML does not undertake any obligation to publicly release any updates or revisions to any forward looking statements contained in this presentation, whether as a result of any change in ABML’s expectations in relation to them, or any change in events, conditions or circumstances on which any such statement is based.

 Certain statistical and other information included in this presentation is sourced from publicly available third party sources and has not been independently verified.

 All figures are expressed in Australian dollars unless stated otherwise.

 The information in this report that relate to exploration results is based on information compiled by Mr. Peter Sampson, a full time employee of the Company and a member of the Australian Institute of Geoscientists. Mr. Sampson has sufficient experience which is relevant to the style of mineralization and the types of deposits under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2004 edition “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves”. Mr. Sampson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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FY11 HIGHLIGHTS

• Highest Copper Production recorded at Nifty Ore • Highest Ore Mined and Processed to date • Stabilizing recovery at around 93% • Full year production of copper at an all time high at 59,661 metric

tonnes despite fall in copper grade.

Nifty Ore

• Project received final approval on Stage 1 of the mining approval from the DMP. Mt Gordon

• Cash of $144m in hand as at 31 March 2011. Financial For

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FY11 FINANCIAL HIGHLIGHTS

• A$464 million for FY2011 Revenue

• A$136 million Gross Profit

• A$57 million NPAT

• A$144 million generated during FY 2011 Cash

• 9 cents fully franked Dividend For

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Consistent Improvement

Mine Productivity improved by 32% in the last three years

1.65 1.95 2.13 2.19

0.00

0.50

1.00

1.50

2.00

2.50

2008 2009 2010 2011

Financial Year

Nifty Ore Mined (Mn tonnes)

+32%

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Mill productivity improved by 39% in the last three years

Consistent Improvement

1.63 1.91 2.06

2.27

0.00

0.50

1.00

1.50

2.00

2.50

2008 2009 2010 2011

FInancial Year

Nifty Ore Processed (Mn tonnes)

+39%

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In spite of fall in head grade, achieved highest copper production at Nifty Sulphide to date.

Consistent Improvement

53397

49600

56450 58034

3.55%

3.00% 2.85% 2.77%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

44000

46000

48000

50000

52000

54000

56000

58000

60000

2008 2009 2010 2011

Financial Year

Copper Production and Head Grade

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Improvement in Utilisation of Mobile Fleet through 1.  Analysis and reduction of non productive time 2.  Underground re-fuelling of fleet 3.  Hot seat changeover 4.  Training of Truck & Bogger drivers 5.  Constant supervision to observe and improve performance 6.  Utilisation increased from 35tons early 2010 to 42 tons per load

Consistent Improvement

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  Improvement in Mill Throughput through   - Grinding Media Optimisation

-  Use of 125mm balls -  Change of gear pinion to improve mill speed -  Optimisation of angle of SAG Mill liners to have higher impact of ball drop

Consistent Improvement

245 265 275

295

0

50

100

150

200

250

300

350

2008 2009 2010 2011 Financial Year

Nifty Concentrator Milled Throughput Rate (dtph)

4% 8%

7%

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Nifty Update

  Nifty Mobile Fleet upgrade   Atlas 6020 trucks have arrived   Birla has taken over Mobile Fleet maintenance.   Cat loaders delivery expected between Q4 of FY12 to Q1 of

FY13   It will help in bringing down the cost and improved productivity

  Nifty Resources and Reserves   Increase in Nifty Sulphide ore reserves by 4.3Mt.   Reserve definition drilling continued

  3,380m completed encompassing 15 holes   Mine Development

  Further development has started to access mine areas outside the checkerboard

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Mt Gordon Update

  Restart   Obtained all required approvals to commence full mining operations   Satisfactory Production ramp up except in the case of mining where

performance is affected due to shortage of skilled labour and delay in mobilisation of equipment by the contractor.

  Full production ramp in Q2

  Resource and Reserve   Pre Feasibility study for hoist shaft to be commissioned in Q2 to

enhance mine life and productivity.

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Nifty Reserves and Resources F

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Mt Gordon Reserves and Resources F

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Mt Gordon Hoist Shaft Study

  Scoping Study for the Hoist Shaft indicates  Recovery of additional 9.6 Mt @ 2.5%Cu, additional 7 yrs mine life.  Mining Method

• Open stope with unconsolidated waste fill or cemented waste fill • Open stope with voids dismissed due to pillar stability issues (high

pillar to void ratio)  Prefeasibility study to be commissioned in Q2.

Esperanza - looking north west Mt Gordon – Overview Strategic Design looking north

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Mt Gordon Near Mine Long Section F

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Hoist Shaft Study

Potential Reserve Expansion

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Exploration

  Nifty  One multi-purpose and a slim-line RC drill rig contracted to carry out

10,000m of RC and 2,500m of diamond drilling in Nifty/Maroochydore regional areas.

  Mt Gordon  One diamond and a RC drill rig contracted to carry out 3,600m of diamond

and 1100 m of RC drilling in Mt Gordon regional areas.  VTEM interpretation completed

  Majority of the anomalies related conductive stratigraphic horizons in the sequence

  Magnetics, radiometrics and gravity compilation and imaging in progress

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  Maroochydore diamond drilling  8m of 1-5% chalcopyrite  First sulphide intersection ever (Maroochydore discovered in 1980s)  Trace to minor chalcopyrite zone intersected in all five diamond holes

  Follow-up work, awaiting assay results – further drilling planned

10MAD080 ~334m Depth

Confirmed synclinal setting and dip of mineralised horizon in 2010 drilling Maroochydore sulphide intersection

GLS prospect

Cross Section

Maroochydore F

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GLS   4 RC holes for 344m   Testing for Broadhurst Fm in northern limb of syncline   Confirmed presence of Broadhurst Fm on E45/1839 beneath deep cover (70m)

Confirmed synclinal setting in 2010 drilling: Broadhurst Fm folds back onto E45/1839

Maroochydore F

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Nifty C1 Cost 2011

Despite additional cost pressures we were able to keep per unit costs in par with FY 2010.

NIFTY C1 COST FY11 FY10

Total Site Cash Cost 173 173

Shipping Cost 17 15

Tc/Rc 14 24

CI cost 204 212

A cents/lbs

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Metal and Fx Hedge Position as at 17 August’11

Metal hedging

Buy Put Sell Call Swap

Qty USD Qty USD Qty USD Total Qty Hedged

Average Rate

Delivered Qty* - - - - 14,374 9,521 14,374 9,521

Rolling 12 months

- - - - 9,949 9,392 9,949 9,392

Total Qty Hedged

- - - - 24,323 9,468 24,323 9,468

* already accounted for in P&L for Q1 of the current Financial year

Forward Sell Average

FX Hedging US$-Mn FX Rate

Rolling 12 months 45.0 1.0202 For

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Copper Prices

  Increase in copper price offset by increase in A$:US$ rate.

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Macro Economic Overview

Macro concerns; European debt crisis and concerns over growth in US

Commodity driven inflation is a key concern

China and India tightening monetary policies prevent rapid growth and inflation pressure

China imports to gather momentum with destocking of copper expected to stop

Weaker than expected mine supply performance for H2

As per IMF report, Global growth is expected to be better in H2

Expect copper prices to perform in line with the Global growth. For

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FY 2011-12 Production Guidance

Copper UOM Qty

- Nifty Operations Tonnes 50-52,000

- Mt Gordon Tonnes 16-19,000

TOTAL 66-71,000

Production: Contained Metal in concentrate

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Investor Relations Initiatives

Presentation and conference call in April’11 post annual results

Presentation and conference call in August’11 post Q1results

No deal Roadshow in Sydney and Melbourne on 8-9 August’11

Site visit for analysts and fund managers planned in September 2011 For

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Way Forward

  Nifty  Development of mine beyond checkerboard  Resources and reserves expansion.  Advance regional targets in Nifty and Maroochydore

  Mt Gordon  Ramping up of Mt Gordon operations  Increased MGO mine life

 Hoist Shaft Pre Feasibility Study  Esperanza South and extension of Mammoth  Advance regional exploration targets

Organic Growth

Inorganic Growth

  Actively assessing projects worldwide  Quality projects rare  Competition intense F

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Thank You

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Annexure: Resources as at 31 March 2011 F

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Annexure: Reserves as at 31 March 2011 F

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