Anglo American Plc · LSE:AAL
Anglo American — Anglo American Platinum — Corporate Update (November 2016)
19 slides from Anglo American's corporate update, Nov 23, 2016
Slide 1: Anglo American Site Visit – Mogalakwena Mine – Platinum
PLATINUM ANGLO AMERICAN SITE VISIT MOGALAKWENA MINE – PLATINUM 23 NOVEMBER 2016 Mogalakwena Mine – load and haul operations including rope shovel
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT Disclaimer: This presentation has been prepared for Anglo American Platinum Limited and the entities in the Anglo American Platinum group (“Anglo American Platinum”) and comprises the written materials/slides for a presentation concerning Anglo American Platinum. By attending th
Slide 3: Mogalakwena Mine – Overview
MOGALAKWENA MINE – OVERVIEW The Northern Limb of the Bushveld Mogalakwena overview(1) Complex is located in the Limpopo Ore Reserves ~116.0 Province of South Africa (Contained 4E million troy ounces) Inclusive Resources ~286.4 The Northern Limb is approximately (Contained 4E million troy ounces)
Slide 4: Mogalakwena Leadership Team
MOGALAKWENA LEADERSHIP TEAM World class leadership team adding value through the cycle 4
Slide 5: Safety Performance
SAFETY PERFORMANCE Safest platinum mine in the world Lost time injury frequency rate (per 200,000 hrs) 0.45 Mogalakwena operation benchmarks 0.42 favourably with international best Incidents per 200 000 hours 0.36 practice safety performance The team has a well structured safety 0.21 strategy in
Slide 6: Geology and Resources
GEOLOGY AND RESOURCES 6
Slide 7: Geological Setting & Regional Activity
GEOLOGICAL SETTING & REGIONAL ACTIVITY Uniquely positioned for open pit mining The Northern Limb complex of the Waterberg Bushveld complex has a strike of 120km PGM Activity Mogalakwena is the only operational Mining Harriet’s Wish mine in the region currently Sylvania Actively exploring Not exp
Slide 8: Resource Endowment
RESOURCE ENDOWMENT Most valuable PGM resource in the world ≈ 6.5km ≈ 2.0km ≈ 8.0km Boikgantsho Mogalakwena super-pit Zwartfontein Sandsloot Tweefontein North Tweefontein Hill 100 600 1 100 metres 1 600 2 100 2 600 3 100 3 600 Exclusive Drenthe Scheduled Mohlosane Sandsloot Dolomite Pre resource reso
Slide 9: Delivering Value
DELIVERING VALUE Valuable basket of metals in high quality concentrate 2015 revenue split between metals Highest Rand basket price in the 32,850 (1) industry at R32,850 per platinum ounce 20% 23,961 23,413 23,500 The major differentiator of 14% 6% 6% Mogalakwena concentrate is base metal loading
Slide 10: Operational Performance
OPERATIONAL PERFORMANCE 10
Slide 11: A Focus on Continuous Improvement
A FOCUS ON CONTINUOUS IMPROVEMENT Mining strategy improvements creating significant value Planned mining volumes (Mt) 220 200 180 Mine planning driving 160 140 significant value 120 100 80 Optimised cut-back schedule 60 40 20 Strike extensions preferred 0 34 14 16 18 20 22 24 26 28 30 32 36 38
Slide 12: Delivering Higher Production and Cash Flow
DELIVERING HIGHER PRODUCTION AND CASH FLOW Mogalakwena production continues to improve Platinum production (‘000 ounces) 392 c.400 Record production performance in 2015 376 23 – up 6% to 392 koz 341 22 305 16 Forecast to improve production in 2016 1 400 354 369 Unit costs reduced 7% in 2015 du
Slide 13: A Focus on Continuous Improvement
A FOCUS ON CONTINUOUS IMPROVEMENT Ongoing concentrator improvements Annual throughput (tonnes milled kt) Concentrator capacity increase – exceeding expectation 12,754 34,848 Baobab opportunity seized with further 11,731 11,725 11,031 benefits to come through as a result of 10,480 33,215 the Pand
Slide 14: Tonnes Mined
TONNES MINED Focus on stability and removing volatility has led to an increase in tonnes mined Annual mining volumes (tonnes mined kt) 267 Average daily tonnes mined increased 263 48% between 2012 and 2016F 259 Focus on maintaining stability and removing volatility in mining Improvement in ove
Slide 15: Overall Equipment Effectiveness
OVERALL EQUIPMENT EFFECTIVENESS World-class performance from a world-class fleet Komatsu 930E truck fleet hours for 2016 (annualised) Benchmarking of 170 operations globally places Mogalakwena in the top 10% of all global Komatsu 930E Mogalakwena fleet average truck fleets in terms of overall Ø 6,
Slide 16: Baobab Concentrator Throughput
BAOBAB CONCENTRATOR THROUGHPUT Baobab increasing throughput with further value to be realised from Pandora transaction Baobab average monthly throughput (kt milled) +94% Optimised feed ore ratio resulting in 73 increased throughput 51 50 38 Integrated into Mogalakwena North concentrator dry circ
Slide 17: Social Performance
SOCIAL PERFORMANCE CLIMATE Community relations improving through engagement at all levels Good relations with the National Union of Mineworkers (NUM) – the major union All engagement structures in place and effective High literacy level with minimum entry level matric mathematics and science
Slide 18: Conclusion
CONCLUSION World class operation in the Northern limb with the only operational open-pit mine Safest platinum mine in the world – no fatalities for 5 years Extremely long life asset with large reserves and resources Expansion potential – but competing for capital in current environment Sus
Slide 19: Platinum Q&A
PLATINUM Real Mining. Real People. Real Difference.
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