ANGLO PLATINUM LIMITED ANGLO PLATINUM LIMITED CONCENTRATORS CONCENTRATORS ANALYST AND FUND MANAGER VISIT ANALYST AND FUND MANAGER VISIT 27 May 2005 27 May 2005
Location Location
Concentrators – Concentrators – capacity and context apacity and context Capacity 30 Throughput Concentrator day month 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 Safety Achievements Le Lebowa bowa - 466 IFD Amandelbult Amandelbult - 101 IFD Mortimer - 281 IFD Iva Mortimer - Ivan - 850 IFD Klipfontein Klipfontein - 1038 IFD Wval Wval UG2 UG2 - 1353 IFD Wval Wval Mer Mer - 360 IFD Frank Frank - 518 IFD PPL 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 Concentrating Strategy Strategy
Concentrating Strategy Concentrating Strategy • Match capacity to growth profile. • Match technology to ore type. • Reduce costs. • Do it safely.
SHE Strategy SHE Strategy • Total integration of Safety, Health and Environment in terms of Systems, People and Infrastructure.
Growth in capacity Growth in capacity • Group expansion profile is in place. • New capacity is built as required. • Introduce technology improvements • Optimisation over time.
Recovery Recovery Improvement Improvement
Strategic focus on Recovery Strategic focus on Recovery Process Stability Process Stability Process Optimisation Process ptimisation New technology New technology Process Control Drive Process Control Drive Plant su Pl ant surveys rveys Grinding testing Grinding testing programme programme Plant rec Pl ant recipes Circuit configuration- 2 Circuit configuration- 2 concentrate & Cr concentrate & Cr 2 O 3 Expert Control Systems Expert Control Systems Open circuit cleaning Open circuit cleaning DMS test programme DMS test programme Particle size measurement Particle size measurement as primary control input as primary control input Chemical & mineralogical siz Chemical & mineralo gical size Reagents development Reagent development by size on F, T and C by size on F, T and C Pl Plant:Mi ant:Mine bu ne buff ffer er Launders & circuit desi Launders & circuit design gn routinely routinely Modelling of circuits Modelling of circuits Ore typing at pilot pla e typing at pilot plant Reagent Reagent protocols protocols • 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 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 More focussed structure Concentrator Manager Plant Manager Technical Manager Resident Engineer HR Co-ordinator Accountant Day Shift Shifts Tailings Dam Section Engineer Leader Metallurgist Met. Laboratory Metal Accounting Occupational Hygiene Technologist Environmental Technician
Improve Smelter Recovery Improve Smelter Recovery • Excess Smelter capacity – Increase mass pull • Manage closing of window • Reducing chrome to the Smelter
Mass P Pull vs Rec vs Recover very P Prof ofile 110. 10.00 00 100. 00.00 00 90. 90.00 00 KU20 KU LVG2 LV Recovery Recovery CZD CZD512 80. 80.00 00 KU20 M 20 MP-REC LV LVG2 T TREND CZD CZD TRE TREND 70. 70.00 00 60.00 60. 00 50. 50.00 00 0. 0.00 00 1.00 1. 2.00 00 3.00 3. 00 4.00 4. 00 5.00 5. 6.00 00 Mass P Ma Pull
Cost Reduction Cost Reduction • Increased use of Supply Chain • Internal/External benchmarking initiatives. • Cost Awareness Campaign – culture change
Operational Operational Performance Performance
Anglo Platinum Concentrators Anglo Platinum Concentrators Concentrator Tons Treated Rustenburg Rustenburg Section ection 45,000,000 70.0% 60.0% 40,000,000 50.0% 35,000,000 40.0% %UG2 Tons 30.0% 30,000,000 20.0% 25,000,000 10.0% 20,000,000 0.0% 2002 2003 2004 Underground Tons Tailings UG2% (excluding WLTR) Concentrator profile supports mining profile
Anglo Platinum Concentrators Anglo Platinum Concentrators Combined Head Grade (4E) Rustenburg Section Rustenburg ection Excluding Western 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 Anglo Platinum Concentrators Head Grade (4E) Rustenburg Section Rustenburg ection 6.00 5.00 4.00 3.00 2.00 1.00 - 2002 2003 2004 Platreef Merensky UG2 Tailings
Anglo Platinum Concentrators Anglo Platinum Concentrators Rustenburg Section Rustenburg ection Recoveries (4E) 88.00 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 Operating Costs
Anglo Platinum Concentrators Anglo Platinum Concentrators Concentrator Cash Cost per Ton Milled Rustenburg Section Rustenburg ection 60.0 50.0 40.0 R/t milled 30.0 20.0 10.0 0.0 2002 2003 2004 38.8 40.5 42.1 R/ton milled Year
Anglo Platinum Concentrators Anglo Platinum Concentrators Concentrator Cash Cost per Equivalent Refined Pt OZ Rustenburg Section Rustenburg ection 800 700 600 500 R/Pt oz 400 300 200 100 0 2002 2003 2004 543 607 683 R/Pt oz Year
Key Business Issues Key Business Issues • Match capacity to growth profile. • Match technology to ore type. • Reduce costs. • Do it safely.
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