Investment Analysts And Fund Managers Visit Union Platinum Mine 7 - - PowerPoint PPT Presentation

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Investment Analysts And Fund Managers Visit Union Platinum Mine 7 - - PowerPoint PPT Presentation

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Investment Analysts And Fund Managers Visit Union Platinum Mine 7 May 2004 Agenda Location Safety and Environment Geology Resources and Reserves Mining Method Production Metallurgy Operating Cost Capital

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Investment Analysts And Fund Managers Visit

Union Platinum Mine

7 May 2004

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Agenda

  • Location
  • Safety and Environment
  • Geology
  • Resources and Reserves
  • Mining Method
  • Production
  • Metallurgy
  • Operating Cost
  • Capital Program
  • Human Resources
  • Key Business Issues
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Location

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% 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

UNION LOCATION

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Plan of RPM Union

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SHE Strategy

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! Creating a culture of safety, participation, quality, excellence and being performance driven.

  • By being focused on:-
  • Safe and sound mining practices
  • Employee development
  • Employee relations
  • Cost efficiency
  • Care for the environment
  • Strategic management which will ensure ore body optimization,

sustainable delivery and growth

Union Section’s Vision

We at Union Section Support the Vision & Values of Anglo Platinum by:

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  • Care for our people
  • Environmental care
  • Consistent performance
  • Continuous improvement
  • Ensure sustainability

Union Section’s Ethos

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RECENT SAFETY MILESTONES ON THE ROAD TO EXCELLENCE

  • 1.4 Million underground fatality free shifts.
  • Surface Section
  • 6,5 million fatality free shifts
  • fatality free for more than 9 years.
  • Achieved ISO 14001 accreditation.
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Union Section LTIFR– 2000 to 2003

0.5 1 1.5 2 2.5 3 3.5 4 4.5 5

ACTUAL 4.42 3.17 1.31 1.25 2000 2001 2002 2003

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Safety Strategy

Greater participation by all Behaviour Based Safety Restructuring of SHE resource Safer methods and equipment Permanent Engineering solutions Contractor Management Fall of Ground prevention strategy

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Geology

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! (

AMANDELBULT UNION ROODERAND BAFOKENG/RASIMONE RUSTENBURG PANDORA JV RUSTENBURG

´

10 Kilometres

UNION LOCATION ON LANDSAT IMAGE

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Merensky - 20 Year Plan

Union Section

2004 - 08 2009 - 13 2014 - 18 2019 - 23

N

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Union Section

UG2 - 20 Year Plan

2004 - 08 2009 - 13 2014 - 18 2019 - 23

N

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ALL DRILLING SPACING

LEGEND UNDERGROUND DRILLHOLES SURFACE DRILLHOLES

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m

36 18 54

CONTACT REEF LENS REEF

MERENSKY REEF

MAIN REEF SINGLE CHROME POTHOLE REEF POTHOLE REEF SHALLOW SLUMP REEF SLUMP REEF

Pseudo Marker TARENTAAL XENOLITH PYROXENITE PYROXENITE

UG1 CHROMITITE LAYER UG2 CHROMITITE LAYER UG2 SLUMP

Mottled Anorthosite NORITE

PYROXENITE

DOWNDIP UPDIP

UNION ECONOMIC STRATIGRAPGY

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MINERALISATION

" Merensky Reef Mining predominantly Regional Pothole Merensky Reef. Consistent width and grade Dip angle 18 degrees

" UG2 Reef

Consistent width and grade Leaders mined with main seam The UG2 structure on the flanks is more complex than the central area. Minor slumping Dip angle 18 degrees

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HW PYROXENITE MAIN REEF PEGMATOID FOOTWALL ANORTHOSITE

5 15 10 20 25

MAIN REEF CHARACTERISTICS

AVE~220CM

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10 20 30 40 50 60

g/t

  • o o
  • o o

O /\ /\ O O /\ /\ O O /\ /\ O O /\ /\ O O /\ /\ O O /\ /\ O O /\

FELSPATHIC HARTZBURGITE PEGMATOIDAL FELSPATHIC PYROXENITE PYROXENITE

POTHOLE REEF CHARACTERISTICS

20CM

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5 10 15

g/t

O O O O O O O O

  • /\

/\ O Feldspathic Harzburgite Chromitite Chromitite Chromitite Pyroxenite Pyroxenite Pegmatoidal Felspathic Pyroxenite

Main Seam Leader seams

80CM 155CM

UG2 CHARACTERISTICS

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MAJOR STRUCTURAL FEATURES

DYKES FAULTS

30M 25M 200M 150M 500M

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Resources and Reserves

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RESOURCES

8.16 31.7 Total Resources 9.00 3.8 Indicated Resources 8.04 27.9 Inferred Resources Merensky Reef 4E Ounces 4E In situ Grade Tonnage (Mt) Category Ore Body 4.63 159.4 Total Resources 4.38 5.8 Indicated Resources 4.64 153.6 Inferred Resources UG2 Reef 4E Ounces 4E In situ Grade Tonnage (Mt) Category Ore Body 1.16 78.4 Indicated Resources

Tailings

4E Ounces 4E In situ Grade Tonnage (Mt) Category Ore Body

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Reserves

6. 6.67 67 20 20.0 .0 Total Reserves 6. 6.64 64 15 15.1 .1 Probable Reserves 6. 6.75 75 4. 4.9 Proved Reserves Merensky Reef 4E Ounces 4E Head Grade Tonnage (Mt) Category Ore Body 3. 3.93 93 47 47.1 .1 Total Reserves 3. 3.90 90 34 34.1 .1 Probable Reserves 4. 4.01 01 13 13.1 .1 Proved Reserves UG2 Reef 4E Ounces 4E Head Grade Tonnage (Mt) Category Ore Body

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MONTHS AVAILABLE ORE RESERVES

5 10 15 20 25 1999 2000 2001 2002 2003

YEAR MONTHS

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Mining Method

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Mining Methods Mine Design

Scattered Merensky Breast special precautions

Mined Conventional Breast Mined

Mechanised Low Profile with Belts

Mined Low Profile Breast mining Decline Section Spud & Richard Shaft UG2

Merensky

Mining Methods

Mechanised F/W Access with conventional Mining

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Tamrock Low Profile Roof Bolter

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Sulzer Rig

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4 South Portal

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4 B Portal 4 B Portal

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Production

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Equivalent Refined Pt Ounces 250000 260000 270000 280000 290000 300000 310000 320000 330000 Ounces Ounces 307300 291,100 269,500 276,700 318,200 1999 2000 2001 2002 2003

Union Section

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Tons Milled 2000000 2500000 3000000 3500000 4000000 4500000 5000000 5500000 6000000 6500000 Tons Milled Tons Milled 3749000 4159000 4466000 4562000 5882000 1999 2000 2001 2002 2003

History

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Metallurgy

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Metallurgical processing

UG2 Mer 4E % of 4E Total % 100.00% 100.00% 4E Platinum (% of 4E split) 60.74% 61.73% 4E Palladium (% of 4E split) 27.52% 28.96% 4E Rhodium (% of 4E split) 11.18% 7.34% 4E Gold (% of 4E split) 0.56% 1.96% Pt Iridium (% of Pt split) 6.37% 3.89% Pt Osmium (% of Pt split)

  • Pt

Ruthenium (% of Pt split) 24.24% 17.20% Prill Splits

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Ivan Plant Tailings Retreatment

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Operating Costs

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RPM Union Section

Cash on-mine cost per equivalent refined ounces

500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 Cash on-mine cost per equivalent refined ounce 2786 3489 3876 4232 2000 2001 2002 2003

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RPM Union Section

Cash on-mine cost per ton milled

150 175 200 225 250 Cash on-mine cost per ton milled 195 211 235 229 2000 2001 2002 2003

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Pie Graph - Cost Comparison 2003

Labour 40% Contractors 9% Stores 31% Utilities 6% Sundries 6% Amortisation 8%

Labour Contractors Stores Utilities Sundries Amortisation

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COST INITIATIVES

  • Concentration of Production
  • Lower Cost Decline Production
  • On-mine Cost Reduction
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  • Move from deep mining to shallow mining.
  • Move from conventional mining to safer, mechanised mining where

appropriate and cost effective.

  • Convert current high profile mechanised to low profile mechanised.
  • Increase UG2 M2 production at Spud shaft and Declines.
  • Extra UG2 to be milled at Ivan plant.
  • Mining, Metallurgical, People optimisation.

STRATEGY STRATEGY

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Capital Programmes

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Capital Expenditure 2000 to 2003

100000 200000 300000 400000 500000 600000 700000 2000 2001 2002 2003 R'000

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  • 4B and 4South
  • Mortimer plant
  • Airfields tailings dam
  • Infrastructure

Capital Programs

Main items 2002 and 2003

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4 South Portal

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Fully Automatic Low Profile Roof Bolter Fully Automatic Low Profile Roof Bolter

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Tamrock EJC Low Profile Loader

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Tip-point chain feeder

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Mortimer UG2 Expansion to 230000 tpm

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Slag Flotation Plant

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Airfields Tailings Dam & Tailings Thickener

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Larox Filter

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Surface Railway

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Northam Road Upgrades

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Human Resources

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Human Resources strategy

Union HR Summary of Strategic Thrusts

  • Business Planning
  • Performance Management
  • Employee Communications
  • Work Design
  • Human Resources Development
  • Recruitment Selection & Assessments
  • Employment Equity
  • Employee Relations
  • Socio-Economic Development
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Human Resources

  • Employee Relations

– Employee relations are sound and are guided by the employee relations policy which has been signed and accepted by all players.

  • Employment of local employees.

– 43.5 % of the UNION SECTION’S labour is from local communities

  • Contractors

– Contractors will be utilized in accordance with established policies and procedures when and where it can be done in the most cost effective way.

  • Training

– UNION SECTION has both underground and surface training centers. – Anglo Platinum training department is certified ISO9001 compliant. (The

  • n mine facility compliance audit is scheduled for 13 May 2004.)

– Focus for 2004 will be supervisory development, mentorship, implementation of FOG regulations, Strata Control and Rock Engineering training.

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Key Business Issues

  • Efficiency Improvements
  • Cost Optimisation
  • HIV/Aids
  • Charter Compliance
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