Analyst and Fund Manager facility visit 09 November 2006 1 1 - - PowerPoint PPT Presentation

▶
analyst and fund manager facility visit
SMART_READER_LITE
LIVE PREVIEW

Analyst and Fund Manager facility visit 09 November 2006 1 1 - - PowerPoint PPT Presentation

Jul 24, 2023 235 likes •789 views

Potgietersrust Platinums Ltd Analyst and Fund Manager facility visit 09 November 2006 1 1 Potgietersrust Platinums Ltd Agenda Location & Infrastructure Layout Safety & Sustainable Development Geology Resources

slide-1
SLIDE 1

1 1

Potgietersrust Platinums Ltd

Analyst and Fund Manager facility visit

09 November 2006

slide-2
SLIDE 2

2

Potgietersrust Platinums Ltd

Agenda

  • Location & Infrastructure Layout
  • Safety & Sustainable Development
  • Geology
  • Resources and Reserves
  • Mining and development
  • Production
  • Operating Costs
  • Capital expenditure
  • HR
slide-3
SLIDE 3

3 3

Potgietersrust Platinums Ltd

Location & Infrastructure Layout

slide-4
SLIDE 4

4

Potgietersrust Platinums Ltd

% U % U % U % U % U % U % U % U % U

AMANDELBULT UNION BAFOKENG/RASIMONE STYLDRIFT JV RUSTENBURG POTGIETERSRUST PLATINUMS LIMITED TWICKENHAM DER BROCHEN LEBOWA PLATINUM MINES

ð

LIMPOPO MPUMALANGA GAUTENG NORTH-WEST

RUSTENBURG

PRETORIA

WITBANK MOKOPANE (POTGIETERSRUS) POLOKWANE (PIETERSBURG) BELA BELA (WARMBATHS)

JOHANNESBURG

NORTHAM PANDORA JV BOOYSENDAL JV MODIKWA

BURGERSFORT LYDENBURG

PASCHASKRAAL JV

Legend

Bushveld Complex Anglo Platinum Anglo Platinum - Joint Venture Impala Platinum Mines Lonmin PLC Northam Platinum Limited Southern Era Merensky UG2 Platreef

UNKI PROJECT

Botswana Zimbabwe Mozambique Namibia

±

Republic

  • f

South Africa Polokwane Smelter

20 10 Kilometres

slide-5
SLIDE 5

5

Potgietersrust Platinums Ltd

PPRust North Pit Zwartfontein- South Pit Sandsloot Pit Tweefontein North Tweefontein Hill

slide-6
SLIDE 6

6

Potgietersrust Platinums Ltd

Aerial Photo - PPRust

SS ZW S PPRN

slide-7
SLIDE 7

7 7

Potgietersrust Platinums Ltd

SS ZWS PPRN Plant New Plant Tailings New Tailings Sterkwater Ga- Sekhaolelo Ga- Puka Waste Waste

Location of villages and infrastructure

slide-8
SLIDE 8

8

Potgietersrust Platinums Ltd

Ore Flow Diagram

Sandsloot Concentrator PPRust North Pit Zwartfontein South Pit Sandsloot Pit

Ore Flow Diagram

PPRust North Concentrator

slide-9
SLIDE 9

9 9

Potgietersrust Platinums Ltd

Safety & Sustainable Development

slide-10
SLIDE 10

10

Potgietersrust Platinums Ltd

Safety & Sustainable Development

  • Safety is our highest priority - target zero

– ISO 14001, OSHAS 18001 Certified – Mobile machinery, slope stability – Noise induced hearing loss

  • Sustainable Development

– Legacy

  • Social
  • Environmental
  • Economic
  • HIV/Aids

– ART for employees plus spouses – Community initiatives

slide-11
SLIDE 11

11

Potgietersrust Platinums Ltd

Fatalities

1 2 3 1999 2000 2001 2002 2003 2004 2005 2006

slide-12
SLIDE 12

12

Potgietersrust Platinums Ltd

Lost Time Injuries Lost Time Injuries

5 10 15 20 25 30 35 40

  • No. of injuries

LTI's 36 21 14 9 6 3 11 5 1999 2000 2001 2002 2003 2004 2005 2006 H1

slide-13
SLIDE 13

13

Potgietersrust Platinums Ltd

Total number of injuries

20 40 60 80 100 120

  • No. of injuries

Total 103 84 62 67 37 22 14 2000 2001 2002 2003 2004 2005 2006 YTD

slide-14
SLIDE 14

14 14

Potgietersrust Platinums Ltd

Geology

slide-15
SLIDE 15

15

Potgietersrust Platinums Ltd

slide-16
SLIDE 16

16

Potgietersrust Platinums Ltd

Core Drilling Statistics

Sandsloot (SS) 11,634 2001 SS, PN, TW 79,493 2005 SS, PPRN, Zwartfontein South (ZS) 183,165 2003

Main Areas Metres drilled Year

PN, TW SS, ZS, PN, Tweefontein (TW) SS, PPRust North (PN) 41,755 2006 H1 80,445 2004 50,436 2002

slide-17
SLIDE 17

17

Potgietersrust Platinums Ltd

N

PPRust North - Geological Model 2005

  • Size of grid
slide-18
SLIDE 18

18

Potgietersrust Platinums Ltd

Pit sections and designs

slide-19
SLIDE 19

19

Potgietersrust Platinums Ltd

Example Section through Sandsloot

slide-20
SLIDE 20

20

Potgietersrust Platinums Ltd

Final Pit design for Sandsloot

  • Width : 600m
  • Length : 1,700m
  • Depth : 270m
slide-21
SLIDE 21

21

Potgietersrust Platinums Ltd

Example section through Zwartfontein South pit

slide-22
SLIDE 22

22

Potgietersrust Platinums Ltd

Final Pit design for Zwartfontein South

  • Width : 690m
  • Length : 1,655m
  • Depth : 265m
slide-23
SLIDE 23

23

Potgietersrust Platinums Ltd

Example Section through PPRust North

slide-24
SLIDE 24

24

Potgietersrust Platinums Ltd

Final Pit design for PPRust North

  • Width : 1,100m
  • Length : 5,800m
  • Depth : 350m
slide-25
SLIDE 25

25 25

Potgietersrust Platinums Ltd

Resources and Reserves

slide-26
SLIDE 26

26

Potgietersrust Platinums Ltd

Resource & Reserve Statement Sandsloot (31/12/2005)

R esource Category Tons (‘000) P GE (g/t) 4E Oz (‘000) Measured 35,620 2.48 2,830 Indicated 26,010 3.08 2,580 Inferred 54,530 2.55 4,480

Total R esource 116,150 2.65 9,890

R eserve Category Tons (‘000) P GE (g/t) 4E Oz (‘000) P roved 15,230 2.79 1,370 P robable 7,100 3.19 730

Total R eserve 22,330 2.92 2,100

slide-27
SLIDE 27

27

Potgietersrust Platinums Ltd

Resource & Reserve Statement Zwartfontein South (31/12/2005)

R esource Category Tons (‘000) P GE (g/t) 4E Oz (‘000) Measured 31,630 2.3 2,340 Indicated 23,270 2.6 1,940 Inferred 65,330 2.02 4,250

Total R esource 120,230 2.21 8,530

R eserve Category Tons (‘000) P GE (g/t) 4E Oz (‘000) P roved 17,130 3.61 1,980 P robable 8,36 3.63 980

Total R eserve 25,490 3.62 2,970

slide-28
SLIDE 28

28

Potgietersrust Platinums Ltd

Resource & Reserve Statement PPRust North (31/12/2005)

R esource Category Tons (‘000) P GE (g/t) 4E Oz (‘000) Measured 97,960 2.07 6,510 Indicated 216,540 2.67 18,550 Inferred 413,260 1.91 25,370

Total R esource 727,760 2.16 50,430

R eserve Category Tons (‘000) P GE (g/t) 4E Oz (‘000) P roved 256,890 3.19 26,350 P robable 43,580 3.24 4540

Total R eserve 300,470 3.2 30,880

slide-29
SLIDE 29

29

Potgietersrust Platinums Ltd

Resource & Reserve Statement Total PPRust (31/12/2005)

R esource Category Tons (‘000) P GE (g/t) 4E Oz (‘000) Measured 206,140 2.58 17,080 Indicated 715,030 2.46 56,490 Inferred 1,472,510 1.79 84,530

Total R esource 2,393,670 2.05 158,100

R eserve Category Tons (‘000) P GE (g/t) 4E Oz (‘000) P roved 289,250 3.19 29,710 P robable 59,050 3.29 6240

Total R eserve 348,290 3.21 35,940

slide-30
SLIDE 30

30

Potgietersrust Platinums Ltd

4E Prill split history

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

P latinum 45.93% 43.80% 43.45% 43.76% 42.06% P alladium 45.34% 47.31% 47.90% 47.76% 49.20% R hodium 3.37% 3.38% 3.32% 3.21% 3.23% G

  • ld

5.36% 5.51% 5.33% 5.28% 5.52% 2002 2003 2004 2005 2006 YTD

slide-31
SLIDE 31

31

Potgietersrust Platinums Ltd

4E Prill split per pit (life of pit)

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

P latinum 41.21% 42.94% 41.97% P alladium 47.78% 47.04% 48.41% R hodium 3.63% 3.27% 3.04% G

  • ld

7.38% 6.74% 6.58% Sandsloot Zwartfontein South P P R ust North

slide-32
SLIDE 32

32

Potgietersrust Platinums Ltd

Ni & Cu content (life of pit)

0% 5% 10% 15% 20% 25%

Nickel 17.39% 19.47% 21.43% Copper 9.23% 9.62% 11.53% Sandsloot Zwartfontein South P P R ust North

slide-33
SLIDE 33

33 33

Potgietersrust Platinums Ltd

Mining & Development

slide-34
SLIDE 34

34

Potgietersrust Platinums Ltd

Pit Layout - Sandsloot

  • Life of mine : 3 years
  • 20,000,000t in 2006
  • 55,000t per day
  • bench height 15m
  • current depth 255m
  • planned depth 270m
  • current length 1,700m
  • current width 600m
  • ramp gradient 10%
  • ramp width 35m
  • stripping ratio 7.9:1
slide-35
SLIDE 35

35

Potgietersrust Platinums Ltd

Pit Layout – Zwartfontein South

  • Life of mine : 8 years
  • 30,000,000t in 2006
  • 82,000t per day
  • bench height 10m
  • current depth 110m
  • planned depth 245m
  • current length 1,300m
  • current width 430m
  • ramp gradient 10%
  • ramp width 35m
  • stripping ratio 11:1
slide-36
SLIDE 36

36

Potgietersrust Platinums Ltd

Pit Layout – PPRust North

  • Life of mine : >30 years
  • 16,500,000t in 2006
  • 45,000t per day
  • bench height 15m
  • current depth 30m
  • Planned depth 350m
  • current length 300m
  • planned length 5,800m
  • current width 200m
  • planned width 1,100m
  • ramp gradient 10%
  • ramp width 40m
  • stripping ratio 8:1
slide-37
SLIDE 37

37

Potgietersrust Platinums Ltd

Equipment list

  • Dump Trucks

– Caterpillar 785 Dump x 23 – Caterpillar 793 x 1 – Unit Rig MT 3700 x 6 – Unit Rig MT 4000 x 1

  • Shovels

– O&K RH 200 x 4 – O&K RH 340 x 3

  • Drills

– Drilltech 1190E x3 – Pit Viper 351 x 2

slide-38
SLIDE 38

38

Potgietersrust Platinums Ltd

PPRust PPRust’ ’s s Truck and Shovel operation Truck and Shovel operation

slide-39
SLIDE 39

39

Potgietersrust Platinums Ltd

PPRust PPRust’ ’s s Truck and Shovel operation Truck and Shovel operation

slide-40
SLIDE 40

40

Potgietersrust Platinums Ltd

PPRust PPRust’ ’s s Drill & Blast operations Drill & Blast operations

slide-41
SLIDE 41

41 41

Potgietersrust Platinums Ltd

Production

slide-42
SLIDE 42

42

Potgietersrust Platinums Ltd

Tons mined Tons mined

10 20 30 40 50 60

Mt

PPR ust North

  • 3.7

Zwartfontein South 1.2 16.8 27.7 31.3 18.1 Sandsloot 29.6 38.5 31.6 26.3 25.5 6.2 2001 2002 2003 2004 2005 2006 H1

  • Ga-Pila relocation 2002 – increased stripping ratio
  • Zwartfontein South pit commenced 2002
  • PPRust North project 2006
slide-43
SLIDE 43

43

Potgietersrust Platinums Ltd

Tons milled

500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000

Tons ('000)

Zwartfontein South 674 2,033 2,241 1,152 Sandsloot 4,270 4,375 3,693 2,437 2,294 1,073 2001 2002 2003 2004 2005 2006 H1

  • Increased capacity from incremental process enhancements
slide-44
SLIDE 44

44

Potgietersrust Platinums Ltd

Platinum ounces (equivalent refined production)

50,000 100,000 150,000 200,000 250,000 Zwartfontein South 50,870 91,475 100,565 51,208 Sandsloot 211,400 164,700 140,930 108,625 104,735 47,907 2001 2002 2003 2004 2005 2006 H1

  • 2002 – Ga-Pila relocation and low grade intrusion
  • Variance expected as PPRust North pit is introduced
slide-45
SLIDE 45

45

Potgietersrust Platinums Ltd

Built-up head grade (4E g/t)

0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 4E g/ t BUH grade 4.38 3.53 3.99 4.12 4.03 4.20 2001 2002 2003 2004 2005 2006 H1

  • 2002 – Ga-Pila relocation and low grade intrusion
  • Variance expected as PPRust North pit is introduced
slide-46
SLIDE 46

46 46

Potgietersrust Platinums Ltd

Operating Costs

slide-47
SLIDE 47

47

Potgietersrust Platinums Ltd

Cash on-mine costs (R/ton milled)

0.0 50.0 100.0 150.0 200.0 250.0 R and R /ton milled 139.0 147.0 183.0 191.3 219.3 222.9 2001 2002 2003 2004 2005 2006 H1

  • Primary cost drivers: stripping ratio, US$ inflation
  • US$ inflation : US CPI, US$ commodity pices, Rand/US$
slide-48
SLIDE 48

48

Potgietersrust Platinums Ltd

Cash on-mine costs (R/Pt Oz eq. ref.)

1,000 2,000 3,000 4,000 5,000 6,000 Rand R / Pt oz equiv. refined 2,815 3,903 4,249 4,273 4,844 5,005 2001 2002 2003 2004 2005 2006 H1

  • Primary cost drivers: stripping ratio, US$ inflation, concentrator capacity
  • US$ inflation : US CPI, US$ commodity pices, Rand/US$
slide-49
SLIDE 49

49 49

Potgietersrust Platinums Ltd

Capital expenditure

slide-50
SLIDE 50

50

Potgietersrust Platinums Ltd

Capital Expenditure

50 100 150 200 250 300 350 400

R m

E xpansion 5.9 4.3 67.9 181.3 Ongoing 230.4 213.1 194.0 186.2 306.0 150.4 2001 2002 2003 2004 2005 2006 H1

  • Variance due to equipment purchases and overburden stripping
  • Life of mine average ongoing capex R400m / annum
slide-51
SLIDE 51

51 51

Potgietersrust Platinums Ltd

Human Resources

slide-52
SLIDE 52

52

Potgietersrust Platinums Ltd

Human Resources

  • Attraction and Retention

– Desirability of area e.g. schooling and health – Global open pit skills competition

  • Employment Equity – well positioned

– HDSA in management and women in mining

  • Adult Basic Education

– Employees – Community members

slide-53
SLIDE 53

53

Potgietersrust Platinums Ltd

Key issues

  • Safety
  • Blending and recovery
  • Operating cost reduction
  • Optimise remaining life of existing pits
  • Integration of new pit
slide-54
SLIDE 54

54 54

Potgietersrust Platinums Ltd

Analyst and Fund Manager facility visit

Questions