Slide 1: Mogalakwena Platinum Mine Investor and Analyst Site Visit
Mogalakwena Platinum Mine Investor and Analyst Site Visit 12th April 2010 1
Slide 2: Agenda
Mogalakwena Platinum Mine Agenda • Our Values • Management Team • Orientation • Overview • Safety • Mining • Concentrator • Social Responsibility • Financial Highlights • Conclusion 2
Slide 3: Our Values
Our Values Safety Honesty & integrity Team Deliver on work promises Passion Caring & pride 3
Slide 4: Management Team
Management Team C o William Matlhope Mng Engineering Bertus Schoeman Mng Engineering Projects Hendrik v Niekerk Production Mng n Barry Davis Senior Concentrator Mng M c i e n n i Vijay Kumar t Shela Ledwaba MTS Mng n HR Mng Ted Muhajir r Manie Potgieter North Concentrator Mng General Manager g a t o
Slide 5: Management Team
Management Team • Over 150 Years mining experience • Global management Experience • Over 50% HDSA • 40% Women 5
Slide 6: Orientation
Mogalakwena Platinum Mine Orientation 6
Slide 7: Locality of Mogalakwena Platinum Mine
Locality of Mogalakwena Platinum Mine MOGALAKWENA MINE BOKONI MINE TUMELA & DISHABA MINES 7
Slide 8: Mogalakwena Platinum Mine
Mogalakwena Platinum Mine • Largest Open-pit Platinum Mine in the world • Medium-size mature open pit operation, capable of breaking and moving over 100Mt of hard rock. • Largest hydraulic shovels in the world. • Some of the largest trucks in Africa. • Highest Basket price in AP. • Lowest operating
Slide 9: Mogalakwena Platinum Mine
Mogalakwena Platinum Mine • Ore Reserves > 500Mt • Measured & Indicated Ore Resources > 1,106 Mt • LOM > 55 Years • +1.6 Million Fatality free shifts. • 4 LTI’s for the year 2009. • Winner of Anglo Platinum Environmental award(2009). • Comprehensive community engagement and development programme. •
Slide 10: Mogalakwena: embedded flexibility
Mogalakwena Platinum Mine • Mogalakwena: embedded flexibility – Acceleration / Deceleration – Low cost operation – Highest basket price 10
Slide 11: Safety
Mogalakwena Platinum Mine SAFETY 11
Slide 12: Safety Performance: Concentrator LTIs versus Tons Milled
Safety Performance Concentrator LTI's versus Tons Milled 12,000,000 6 10,000,000 5 8,000,000 4 Tons Milled LTI's 6,000,000 3 4,000,000 2 2,000,000 1 - 0 2005 2006 2007 2008 2009 Tons Milled 4,535,000 4,595,000 4,187,000 7,180,000 9,722,000 LTI's 5 0 1 3 3 12
Slide 13: Safety Performance: Mining LTIs versus Tons Mined
Safety Performance Mining LTI's versus Tons Mined 120,000,000 8 7 100,000,000 6 80,000,000 5 Tons Mined LTI's 60,000,000 4 3 40,000,000 2 20,000,000 1 - 0 2005 2006 2007 2008 2009 Tons Mined 56,799,168 66,135,825 87,727,047 101,785,536 32,988,627 LTI's 6 6 1 7 1 13
Slide 14: Mining
Mogalakwena Platinum Mine Mining 14
Slide 15: Mogalakwena Platinum Mine – Mining Lease Area
Mogalakwena Platinum Mine – Mining Lease Area 15
Slide 16: Resources & Reserves
Resources & Reserves • Strike Length – 21km • Dip – 42o- 45o • Depth – Outcrop to +500masl • Ore Width – 20 – 80m • Total Conc. Capacity – 985 ktpm 2009 2008 Tonnes Grade Tonnes Grade Reef (Mt) (g/t 4E) (Mt) (g/t 4E) Platreef Ore Reserves Proved 317.4 3.28 274.5 3.21 Proved Primay Ore Stockpiles 16.
Slide 17: Pit Layout - Sandsloot
Pit Layout - Sandsloot • Remaining life of pit : 1 years • Bench height 15m • Current depth 255m • Planned depth 270m • Current length 1,700m • Current width 600m • Extension under review 17
Slide 18: Pit Layout – Zwartfontein South
Pit Layout – Zwartfontein South • Remaining life of pit : 21 years • Bench height 10m • Current depth 120m • Planned depth 260m • Current length 1,500m • Current width 450m 18
Slide 19: Pit Layout – Mogalakwena
Pit Layout – Mogalakwena • Remaining life of pit +39 years • Bench height 15m • Current depth 100m • Planned depth 500m • Current length 1500 m • Planned length 7,000m • Current width 350m • Planned width 1,200m 19
Slide 20: Significant Risks and Mitigation
Significant Risks and Mitigation • Delayed Relocation: Negotiation at advanced stage, Plan B in place. • Lightning: Advance warning systems. • Slope Stability: Radars etc • Trackless Mobile Machinery: Collision Avoidance System. • Blasting/Explosives: Electronic detonators etc. 20
Slide 21: Mining Sequence
PLATINUM Mining Sequence EST EAST CUT 1 OMIDISED toon re nrc rede ns CURRENT PIT ----->->= ----ko--- a NORTE T = MINING ROCK MASS RATING eae pio0 = BOREHOLE === 800m reek T > OVERALL SLOPE = __. tr BERM - hn T ER4LL SLOPE =
Slide 22: Tonnes Mined
Tonnes Mined Tonnes mined 120,000 nd e2 h 100,000 ort r u p f rato t r ing ncen a 80,000 Ge co 60,000 40,000 * 20,000 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 Tonnes mined 29,631 39,672 48,444 54,026 56,799 66,136 87,727 101,786 32,989 22
Slide 23: Tonnes Milled
Tonnes Milled Tonnes milled 12,000 nd of2 ng r i to 10,000 i on tra s is cen m n m o 8,000 Co c 6,000 4,000 2,000 0 2002 2003 2004 2005 2006 2007 2008 2009 Tonnes milled 4,375 4,465 4,470 4,535 4,595 4,187 7,180 9,722 23
Slide 24: Equivalent Refined Platinum Ounces
Equivalent Refined Platinum Ounces Equivalent Refined Pt oz 250,000 200,000 150,000 100,000 50,000 0 2003 2004 2005 2006 2007 2008 2009 Equivalent refined Pt oz 191,774 200,081 205,323 191,262 163,488 188,104 237,279 24
Slide 25: Hydraulic Shovels
Largest Electrical Hydraulic Face Shovel in the World 9 Hydraulic Shovels 25
Slide 26: Trucks
One of the Largest Electric Drive Trucks in Africa • 49 Trucks 26
Slide 27: In-pit Surveillance
Mining Technology In-pit Surveillance 27
Slide 28: Mining Technology: Aquila
ANGLO PLATINUM N: 14320.84 E: 5394.50 El: 1175.62 Mining Technology
Slide 29: Load Metrics Radars, HPGPS
Mining Technology Load Metrics Radars HPGPS 29
Slide 30: Concentrator
Mogalakwena Platinum Mine Concentrator 30
Slide 31: Mogalakwena North Concentrator
Mogalakwena North Concentrator 31
Slide 32: Mogalakwena North Concentrator
Mogalakwena North Concentrator 32
Slide 33: Process Flow Diagram
Process Flow Diagram 3 x Sandvik Hydrocone CH880 crushers 600 kW, Nominal capacity 1342 tph 3.66 x 8.23m Top: 85 x 85mm Fuller Tralor Bot: 40 x 52mm 60 x 113 1000kW 3000t 2.044 x 4.88m 45000t 80mm 3.66 x 8.23m Top: 15x55mm Krupp Polysius 22/16-8 2.85MW 18 x 36m Bot: 8 x 25mm 15000t 18 x 36m 15000t 3
Slide 34: Overview
Overview • Biggest single stream Platinum Concentrator in the World (600ktpm). • Decision to build a single stream plant required some ground- breaking technology….. • First: – HPGR installation for a platinum ore body – Gearless drive mills in Anglo Platinum • Biggest: – Primary Gyratory crusher 60
Slide 35: Energy Efficient Design
Energy Efficient Design • Ultra high rate thickeners for tailings disposal • High efficiency motors installed – More work per unit of electricity consumed • Day-night switches for lights • “Ready to float” material can bypass primary milling stage: – Creates additional primary milling capacity or sa
Slide 36: Social Economic Development
Mogalakwena Platinum Mine Social Economic Development 36
Slide 37: Social Economic Development
Social Economic Development •Social Economic Assessment Tool in place •Social and Labour plan in place •Strong focus on Sustainable / Equitable community projects 37
Slide 38: Financial Highlights
Financial Highlights 2005 2006 2007 2008 2009 Average Pt basket price (Mogalakwena Mine) R/oz 10,574 16,626 21,046 25,046 19,000 Average Pt basket price (Anglo Platinum) R/oz 8,871 13,852 18,167 22,348 14,115 Cash-on-mine cost / Ton Milled (Mogalakwena Mine) R/ton 219 208 282 288 196 Cash-on-mine co
Slide 39: Conclusion
Conclusion • Creation of low cost, flexible operation over the last 5 years. • Ability to respond to market condition in shortest time. • Constantly evaluating growth opportunities within the group guidelines. Geared to deliver “Safe , Profitable Platinum” 39