Slide 1: Integrated Annual Report: Mineral Resources & Mineral Reserves
Integrated Annual Report Mineral Resources & Mineral Reserves 14 April 2011
Slide 2: Forward looking statement
Group Overview Forward looking g statement Certain statements in this document constitute “forward looking statements” within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. 1934 Such forward looking statements involve known and
Slide 3: Group Overview 2010 Mineral Resources & Mineral Reserves
Group Overview 2010 Mineral Resources & Mineral Reserves (31 December 2010) Market Presentation 14 April 2011
Slide 4: Integrated Annual Report – Risk-based reporting: Global Leader in Sustainable Gold Mining
Integrated Annual Report – Risk-based reporting To Be The Global Leader In Sustainable Gold Mining • This Vision compels us to take a long-term long term view of our investment and integrate sustainable development considerations into all our activities • Sustainability implies that operations can a
Slide 5: Integrated Annual Report – Key components
Integrated Annual Report – Key components • Tracking our Sustainable Development performance and gaining a greater understanding of key SD elements • Report contains commentary on operational, financial and SD performance – they are not isolated from one another • This integration is mirrored in the
Slide 6: Integrated Annual Report – Risk-based reporting
Integrated Annual Report – Risk-based reporting Clear insight into how we address issues relevant and material to stakeholders • Risks are identified at all levels of the business • Strategic plans are included in Group, Regional and Operational strategies • Mitigating strategies developed and audit
Slide 7: Mineral Resources & Mineral Reserves
Mineral Resources & Mineral Reserves Group p Attributable Mineral Reserves 100 • Robust metal prices used to determine reserves 78m 76.7 Moz • US$1,000/oz $ , (Dec ( 10)) from US$925/oz $ ((Jun 10)) ounces ounces 80 • R265,000/kg from R240,000/kg • A$1,225/oz from A$1,100/oz 60 • South Deep reserves
Slide 8: Growth Projects (Attributable Mineral Resource)
Growth Projects (Attributable Mineral Resource) • Chucapaca (51%); Peru - 2.9 Moz Au-Eq • Drilling programme in progress to define an Indicated Mineral Resource • Arctic Platinum (100%); Finland - 12.6 Moz (2PGE + Au) • Hydro-metallurgical testwork in progress • Yanfolila Y f lil (85%); (85%) M Mali
Slide 9: Group Overview 2010 Mineral Resources & Mineral Reserves
Group Overview 2010 Mineral Resources & Mineral Reserves (31 December 2010) 14 April 2011
Slide 10: Agenda
Group Overview Agenda g • Introduction • Australasia Region • South Africa Region g • South America Region • West Africa Region • Projects • Conclusion Robust Mineral Resource and Mineral Reserve base
Slide 11: Introduction: Corporate Governance
Introduction Corporate p Governance Transparency, materiality and integrity are paramount Compliance with all relevant regulatory codes: • SAMREC 2007 • JSE listing requirements • US SEC • SOX. South Deep continued developing and enhancing the resource models and as a consequence has now designed &
Slide 12: Mineral Resources & Mineral Reserves - Strategy
Mineral Resources & Mineral Reserves - Strategy Clear focus on key drivers
Slide 13: Introduction: Metal Price Assumptions
Introduction Metal Price 31 December 2010 30 June 2010 Location Units Reserve Resource Reserve Resource West Africa / South Au - US$/oz 1,000 1,100 925 1,000 America Cu - US$/lb 2.72 3.00 2.40 2.75 Australia Au - A$/oz 1,225 1,350 1,100 1,375 South Africa Au - ZAR/kg 265,000 290,000 240,000 285,000
Slide 14: Introduction: Headline numbers
Introduction Headline numbers1 Increase in Mineral Reserves pre depletion
Slide 15: Mineral Resources by Region
Introduction Attributable Mineral Resources (million Au-Eq Au Eq oz) 9.6 (10.9) 12 3 (14.2) 12.3 (14 2) 27 6 (27.0) 27.6 (27 0) 6.5 (7.0) 169.3 (221.4) ( ) Australasia South Africa (Exc. (Exc TSF Au) South America West Africa Growth Projects (Inc. (Inc TSF Au) Note: excludes TTP Uranium and undergro
Slide 16: Mineral Reserves by Region
Introduction Attributable Mineral Reserves (million Au-Eq Au Eq oz) 8.1 (8.5) 4.1 (3.5) 4 3 (4.3) 4.3 (4 3) 60.2 (61.7) Australasia South Africa (Exc. TSF Au) South America West Africa June 2010 figures are in brackets Mineral Reserves by Region
Slide 17: June 2010 – December 2010 Mineral Resource Comparison
Introduction Attributable Mineral Resource Ounces p per Mine / Project j 140.0 129.9 120 0 120.0 100.0 81.5 80 0 80.0 74 4 74.4 71.9 Moz 60.0 40.0 12.6 16.0 17.1 20.0 12.6 6.5 7.0 7.0 7.0 9.0 10.9 2 9 2.9 2.9 3 3 3.4 3.3 34 3 8 4.0 3.8 40 4.5 4.5 45 5.8 6.9 0.6 0.0 29 0.0 Dec-10 Jun-10 Note: exclude
Slide 18: June 2010 – December 2010 Mineral Reserve Comparison
Introduction Attributable Mineral Reserve Ounces p per Mine / Project j Managed Mineral Reserves 40 34.5 29.3 26.7 30 Au Eq Oz. (Moz) 20.2 20 9.9 9.2 Auand A 10 5.7 5.4 5.3 5.3 2.8 2.3 2.1 2.1 1.3 1.2 0 x Beatrix Agnew w KDC C Damang g Cerro Coronaa Tarkwa a St Ives s (Inc. Uncle Harry's)) (Au Eq oz
Slide 19: Grade reconciliation – South Africa Region
Introduction Grade reconciliation – South Africa Region g KDC Proved & Probable Reserve Grade Reconciliation 9.0 8.0 7.0 00 0.0 01 0.1 01 0.1 Grade (g/t) 6.0 5.0 4.0 7.9 7.9 3.0 20 2.0 1.0 0.0 Jun-10 Gold Price Costs Other Dec-10 Others include: geological structure changes, inclusions, exclusions,
Slide 20: Grade reconciliation – West Africa and Australasia Regions
Introduction Grade reconciliation – West Africa and Australasia Regions g Tarkwa Gold Mine Damang Gold Mine Proved & Probable Reserve Grade Reconciliation Proved & Probable Reserve Grade Reconciliation 1.4 2.0 1.2 0.01 0.01 1.8 0.07 1.6 10 1.0 0 02 0.02 Grade (g/t) 1.4 Grade (g/t) 0.8 1.2 1.3 1.0 0.
Slide 21: Australasia Region
Australasia Region Overview • Mineral Resources 88.6 Mt @ 3.4 g/t for 9.6 Moz • - 12% on ounces post depletion (-1.3 Moz) • Mineral Reserves 39.6 Mt @ 3.3 g/t for 4.1 Moz • +18% on ounces post depletion (+0.6 Moz) Agnew • St Ives - Mineral Resource p pipeline p developed p with major growth at Hamle
Slide 22: Australasia Region: Agnew and St Ives
Australasia Region Agnew • Increase in Mineral Reserve of 8% post depletion since June 2010, LoM now till 2017 • Sub level caving to be explored as alternative mining method during 2011 g g open • Songvang p p pit cut back included in LoM • Exploration for new near surface deposits ongoing • Mineral
Slide 23: South Africa Region
South Africa Region Overview KDC • Mineral Resource (655.9 Mt @ 8.0 g/t for 169.3 Moz) South Deep • -25% change post depletion (-55.8 Moz) • Mineral Reserve (330.5 Mt @ 5.7 g/t for 60.2 Moz) Beatrix • -2% change post depletion (-1.5 Moz) • Conversion to new order mining rights of all the SA Operatio
Slide 24: South Africa Region: Beatrix, KDC, South Deep
South Africa Region Beatrix • Develop West Section as a higher grade steady state operation • Reduce mining footprint (2 Shaft) • Underground exploration to increase resource definition Kloof - Driefontein Complex (KDC) • Change to in-house Mineral Resource classification major shift from Mineral Re
Slide 25: South America Region (Cerro Corona)
South America Region (Cerro Corona) Overview • Mineral Resources • 154.1 Mt for 8.1 Moz ((Au-Eq) q) -0.55 Moz p post depletion (-6%) Cerro Corona • Mineral Reserves • 86.3 Mt for 5.3 Moz (Au-Eq) +0.01 Moz post depletion (+0.3%) (+0 3%) • Tailings Storage Facility capacity increased from 94 Mt to 99
Slide 26: West Africa Region
West Africa Region Overview • Mineral Resource (342.7 Mt @ 1.6 g/t for 17.3 Moz) • -14% 14% post depletion ((-2.8 2 8 Moz) • Mineral Reserve (275.8 Mt @ 1.3 g/t for 11.3 Moz) • -5% post depletion (-0.7 Moz) Damang • Tarkwa is Africa’s largest open pit gold mine by production Tarkwa • Increase of hig
Slide 27: West Africa Region: Damang and Tarkwa
West Africa Region Damang • Accelerated exploration programme to maintain pipeline of quality projects • Current LoM extends to 2019 (9 years) • 8% and 14% increase in Mineral Resource and Mineral Reserve respectively since June 2009 (18 months) • Extensive capital strip programme to increase flexib
Slide 28: Conclusion
Group Overview Conclusion • Successful exploration resulted in increased Mineral Reserves (post (post-depletion) depletion) over 18 months at: • St Ives, Agnew, South Deep, Damang • Overall a positive reporting period where Mineral Reserves increased marginally pre-depletion by 0.7 Moz • Successful
Slide 29: Questions
To be the global leader in sustainable gold mining 14 April 2011