ANGLO PLATINUM LIMITED CONCENTRATORS ANALYST AND FUND MANAGER VISIT 27 May 2005
Location
Concentrators capacity and context Concentrator Capacity 30 day month Throughput aver pm 2004 RS Tailings retreatment 400,000 362,000 Frank Plant 155,000 145,000 Waterval Plant 360,000 351,000 Klipfontein Plant 120,000 109,000 Waterval UG2 Plant 400,000 419,000 Ivan Plant 120,000 141,000 Mortimer Merensky Plant 80,000 80,000 Mortimer UG2 Plant 250,000 233,000 Amandelbult Mer Plant 340,000 288,000 Amandelbult UG2 Plant 220,000 210,000 Amandelbult Opencast Plant 30,000 40,000 BRPM Plant 200,000 198,000 PPL Plant 385,000 373,000 LPM UG2 Plant 50,000 64,000 LPM Merensky Plant 80,000 85,000 Modikwa Plant 200,000 197,000 Total 3,390,000 3,295,000 Total number of Employees 3,233 Group Average Cash cost per ton milled R 42 Group Average Cash cost per Refined Pt ounce R 683
Safety Achievements Lebowa - 466 IFD Amandelbult - 101 IFD Mortimer - 281 IFD Ivan - 850 IFD Klipfontein - 1038 IFD Wval UG2-1353 IFD Wval Mer -360 IFD Frank - 518 IFD PPL - 231 IFD (IFD Injury Free Days) Klipfontein won the MMMA safety competition for Category A for having Zero reportable injuries for the period June 03 to July 04. All the other Rustenburg concentrators received a MMMA certificate of merit for having Zero reportable injuries for the period June 03 to July 04 ISO 14001 Accreditation OSHAS 18000 Accreditation
Concentrating Strategy
Concentrating Strategy Match capacity to growth profile. Match technology to ore type. Reduce costs. Do it safely.
SHE Strategy Total integration of Safety, Health and Environment in terms of Systems, People and Infrastructure.
Growth in capacity Group expansion profile is in place. New capacity is built as required. Introduce technology improvements Optimisation over time.
Recovery Improvement
Process Stability Process Control Drive Plant recipes Expert Control Systems Particle size measurement as primary control input Plant:Mine buffer Strategic focus on Recovery Process Optimisation Plant surveys Circuit configuration- 2 concentrate & Cr 2 O 3 Open circuit cleaning Chemical & mineralogical size by size on F, T and C routinely Modelling of circuits Ore typing at pilot plant Reagent protocols New technology Grinding testing programme DMS test programme Reagents development Launders & circuit design Close coordination of technical support function with the operating plants Technical support, DML & Consulting Metallurgist & R&D ARC- AARL developments Process Control Group Enhanced process focus Fit for Future
Recovery Imperatives Consistent Operation Focus on Basics Sound Circuit Configuration Optimise Ore Distribution/Blending Grade/Recovery matching with Smelter Enhanced Technical Focus Fit For Future
More focussed structure Concentrator Manager Plant Manager Technical Manager Resident Engineer HR Co-ordinator Accountant Shifts Day Shift Leader Tailings Dam Section Engineer Metallurgist Met. Laboratory Metal Accounting Occupational Hygiene Technologist Environmental Technician
Improve Smelter Recovery Excess Smelter capacity Increase mass pull Manage closing of window Reducing chrome to the Smelter
Mass Pull vs Recovery Profile 110.00 100.00 Recovery 90.00 80.00 70.00 KU20 LVG2 CZD512 KU20 MP-REC LVG2 TREND CZD TREND 60.00 50.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 Mass Pull
Cost Reduction Increased use of Supply Chain Internal/External benchmarking initiatives. Cost Awareness Campaign culture change
Operational Performance
45,000,000 Anglo Platinum Concentrators Concentrator Tons Treated Rustenburg Section 70.0% 40,000,000 60.0% 50.0% Tons 35,000,000 30,000,000 40.0% 30.0% %UG2 20.0% 25,000,000 10.0% 20,000,000 2002 2003 2004 Underground Tons Tailings UG2% (excluding WLTR) 0.0% Concentrator profile supports mining profile
Anglo Platinum Concentrators Combined Head Grade (4E) Rustenburg Excluding Western Section Limb Tailings 4.80 4.60 4.40 4.20 4.00 3.80 3.60 3.40 3.20 3.00 2002 2003 2004 Combined
Anglo Platinum Concentrators 6.00 Head Grade (4E) Rustenburg Section 5.00 4.00 3.00 2.00 1.00-2002 2003 2004 Platreef Merensky UG2 Tailings
88.00 Anglo Platinum Concentrators Rustenburg Recoveries Section (4E) 40.00 86.00 35.00 84.00 30.00 82.00 25.00 80.00 20.00 78.00 15.00 76.00 10.00 74.00 5.00 72.00 2002 2003 2004 - Platreef Merensky UG2 Tailings
Operating Costs
Anglo Platinum Concentrators 60.0 Concentrator Cash Cost per Ton Milled Rustenburg Section 50.0 R/t milled 40.0 30.0 20.0 10.0 0.0 2002 2003 2004 R/ton milled 38.8 40.5 42.1 Year
Concentrator Cash Cost per Equivalent Refined Pt OZ Rustenburg Section 800 700 600 Anglo Platinum Concentrators R/Pt oz 500 400 300 200 100 0 2002 2003 2004 R/Pt oz 543 607 683 Year
Key Business Issues Match capacity to growth profile. Match technology to ore type. Reduce costs. Do it safely.
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