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Cash proceeds from the sale of non-core assets were $51 million in 2012, $289 million in 2011 and $1.2 billion in 2010. 

In 2012, we sold various small, non-core mining properties. 2011 included $128 million for the sale of our Carrapateena project in Australia and $161 million from other assets and investments in publicly traded companies. 2010 included the sale of our one-third interest in the Waneta Dam for $825 million, $230 million from the sale of an interest in the future gold production from our Carmen de Andacollo Operations and $24 million from the sale of gold projects in Turkey. 

## Financing Activities 

During 2012, we issued US$2.75 billion of long-term notes and used the proceeds to redeem the remaining outstanding balance of the various high-yield notes issued in 2009 and repay the US$200 million notes due in September 2012. 

The notes issued, which are all denominated in U.S. dollars, include $500 million due in 2018 bearing interest at 2.5%, $500 million due in 2019 bearing interest at 3.0%, $750 million due in 2023 bearing interest at 3.75%, $500 million due in 2042 bearing interest at 5.2% and $500 million due in 2043 bearing interest at 5.4%. 

We also repaid the US$200 million notes due in September 2012, and repurchased 3.9 million Class B subordinate voting shares for cancellation pursuant to our normal course issuer bids at a cost of $129 million. 

Significant financing activities during 2011 included the US$2 billion of notes issued in July for net proceeds of $1.9 billion, and the repurchase of 4.8 million Class B subordinate voting shares for $171 million for cancellation pursuant to our normal course issuer bid. 

During the first half of 2010, we repaid the remaining outstanding balance of US$2.35 billion on the term loan related to our 2008 acquisition of Fording Coal with cash flow derived from our operations and proceeds from the sale of non-core assets. In the latter half of 2010 we initiated three tender offers totalling US$1.450 billion and acquired and cancelled US$1.993 billion of the high-yield notes that we issued in May 2009. We financed these tender offers with cash on hand and the issuance of new lower coupon notes maturing in 2017, 2021 and 2040. 

As a result of the refinancing activities described above, we have reduced the interest cost of our debt and extended its tenor. At December 31, 2012 the weighted average maturity of our consolidated indebtedness is approximately 16.5 years and the weighted average coupon rate is approximately 4.8%. 

## Quarterly Earnings and Cash Flow 

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