Investment Analysts And Fund Investment Analysts And Fund Managers - PowerPoint PPT Presentation

Investment Analysts And Fund Investment Analysts And Fund Managers Visit Managers Visit Bafokeng Rasimone Plat latinum Mine inum Mine Bafokeng Rasimone P 11 March 2005

Agenda Agenda � Salient Features � Location & Mine infrastructure layout � Safety and Environment � Resources and Reserves � Mining Method � Production � Operating Cost � Capital Programme � Human Resources � Key Business Issues � Styldrift

Salient Features: 2004 Salient Features: 2004 � Good safety performance � Increase in immediately available ore reserves � Increased understanding of orebody � Tons from underground up 4% � Conversion to breast mining accelerated (increased from 30% in 2003 to the current 80%) � Concentrator recoveries significantly increased (Ounces from underground up 7%) � Wet screening plant commissioned � Cost per ounce increased by 7.6% notwithstanding the wage strike � JV fully operational from March 2004

Location Location

BRPM JV lease area BRPM JV lease area Styldrift Frisch-gewaagd Boschkoppie

Mine infrastructure layout Mine infrastructure layout T R O O EASTERN EXTREMITY OF P PROPOSED TOWNSHIP E D DEVELOPMENT ( V.K.E.) e R n E i L D y to THABAZIMBI a o w t l ROBEGA i a R g n i t s i x E Existing Reservoir Waste Dump 74 Ktpm NORTH CONCENTRATOR SHAFT Servitude TRUE NORTH BOSCHKOPPIE RASIMONE 104 JQ OFFICES SOUTH SHAFT 98 Ktpm W to GA- LUKA a SOUTH D s t 44Ktpm e FARM SUB- DIVISION D u m p TAILINGS M to RUSTENBURG E R IMPALA PLATINUM LTD. DAM to RUSTENBURG U E to BOSHOEK STATION 1km SEWAGE G N RW DAM 2 S K S Y U B S - U O B U O T U C R T C O R P O P

Safety Milestones Safety Milestones � One Million Fatality Free Shifts = 4 Times – Dates: • 23 September 2001 • 13 January 2003 • 8 December 2003 • 18 January 2005 � North Shaft 2 Million Fatality free April 2004 � South Shaft 1 Million Fatality free shifts April 2004 � OHSAS 18001 Certification November 2004 � Process plant 5 years without a lost time Injury � Logistic`s 4 Years without a lost time Injury � Opencast 3½ year project completed without a lost time injury � Process awarded with MMMA for 4 years (last one October 2004) � Cementation mining = 5 Star NOSA awards at both shafts � ISO 14001 Certification Apr 2002 � Won EMEM award in 2000 and again 2002

Safety Lost Time Injury Frequency Rate 2.00 1.50 1.00 0.50 - 2002 2003 2004 1.70 0.64 0.62 LTIFR

Safety Fatal Injury Frequency Rate 0.04 0.03 0.03 0.02 0.02 0.01 0.01 - 2002 2003 2004 0.03 0.01 0.01 FIFR

Environment Environment � EMS Status – Continued ISO14001 Certification confirmed in third CAV audit in 2004 � Waste management – Effective system with permitted landfill site on mine � Dust – Dust fall out low except within plant area near ROM stockpile and crusher. � Public Participation – Bi-annual environmental committee meeting held � Social Issues – Transformation forum – Addicted to business program – Environmental awarness interventions at local schools – Aligned with minerals act and charter

Resources and Reserves Resources and Reserves

Reserves and Resources (50%)* Reserves Merensky Reef Mt 4E grade Proved 10,1 @ 4.90 g/t Probable 7.5 @ 4.84 g/t Total 17,6 @ 4.87 g/t Resources Merensky Reef UG2 Reef Mt 4E grade Mt 4E Grade Measured 1.7 @ 5.20 g/t Indicated 22.5 @ 5.69 g/t 7.9 @ 5.19 g/t Inferred 63.9 @ 6.39 g/t 95.1 @ 5.09 g/t Total 86.4 @ 6.20 g/t 104.7 @ 5.10 g/t The above reserves and resources are the 50% attributable to Anglo Platinum following finalisation of the JV * At 31 December 2004, reserves are in addition to resources

Merensky reef: Merensky reef: resources and reserves resources and reserves Schematic Boschkoppie Proved Reserve Probable Reserve Indicated Resource Inferred Resource

Boschkoppie: : Boschkoppie Merensky reef Strategy Merensky reef Strategy Merensky Depletion South D 2 years South shaft 11 years North shaft 19 years

Immediately Available Ore Reserves 14 12 10 8 6 4 2 0 2000 2001 2002 2003 2004 3 7.3 6.7 10.3 11.7 Months • Planned increase to 18 months in 2006

Stratigraphic Section Section Stratigraphic BASTARD REEF 9m MERENSKY REEF 75m – 90m UG2 CHROMITITE LAYER 18m – 25m UG1 CHROMITITE LAYER

BRPM – – Schematic section showing reef Schematic section showing reef BRPM variations variations Pegmatoidal reef Contact reef 0.4m POTHOLE REEF An FW 1 FW 1 POTHOLE FAC POTHOLE FACIES ES FW 1 1.6m 0 MID 2 FW 2 0.4m 1 2 FW 3 FW 3 POTHOLE FAC POTHOLE FACIES ES FW 3 3 5 m 4 FW 4 0.2m Merensky pyroxenite 1.5m FW 6 FW 6 POTHOLE FAC POTHOLE FACIES ES FW 5 FW 6 1 m

Mining Method Mining Method

Original Design Original Design � Original Design 200 ktpm Merensky Operation � 2 Twin Decline Shaft Clusters – North and South Shafts � Dip Mining � Conveyor Manriding � Flatter Structures � English Literate Employees � Team Concept � Multiskilling � Total Package Remuneration

Additional Projects Additional Projects � Opencast Merensky - Complete � Opencast UG2 - Complete � South D Mechanised Section Commenced 2001 – Initially XLP bord and pillar section – Converting to hybrid mechanised mining – Depletion early 2007

Changes to Original Design Changes to Original Design � Planned Steady State Production Increased To 220 ktpm – Mitigate Lower Grade � Converting To Breast Mining From Dip Mining – Currently 80% breast mining from 30% in 2003 – Results in reduced development requirements � Chairlifts Planned For Phase 2 Deepening � Reverting To Single Skilled Operators

Up- -Dip To Breast Conversion Dip To Breast Conversion Up Schematic Schematic UP-DIP LAYOUT Not Pre-Raised Down dip cross-cuts Direction OF Mining No boxes in haulage Boxfront Haulage Double SPD Cross Cut Travelling Way BREAST LAYOUT Direction OF Mining Direction OF Mining Open Up Down dip cross-cuts Raise X-Cut Spacing No boxes in haulage Boxfront No SPD’s Haulage Travelling Way Cross Cut

Production Production

Stoping – Centare Profile BRPM Total Square Metres Strike 60 50 Square Metres (000's) 40 30 20 10 0 F- M- A- M- A- S- O- N- D- F- M- A- M- A- S- O- N- D- F- M- A- M- A- S- O- N- D- F- M- A- M- A- S- O- N- D- F- M- A- M- A- S- O- N- D- J-00 J-00 J-00 J-01 J-01 J-01 J-02 J-02 J-02 J-03 J-03 J-03 J-04 J-04 J-04 00 00 00 00 00 00 00 00 00 01 01 01 01 01 01 01 01 01 02 02 02 02 02 02 02 02 02 03 03 03 03 03 03 03 03 03 04 04 04 04 04 04 04 04 04 0 0 0 0 1 1 3 8 10 11 12 11 14 14 12 11 18 18 16 23 23 24 23 15 24 27 29 33 36 31 32 36 36 42 44 29 45 38 39 41 44 42 55 50 48 51 46 37 48 45 48 45 51 53 54 51 45 36 50 41 Actual/Fcast 5 5 5 5 5 5 5 5 5 5 5 5 2000 Avg 18 18 18 18 18 18 18 18 18 18 18 18 2001 Avg 33 33 33 33 33 33 33 33 33 33 33 33 2002 Avg 45 45 45 45 45 45 45 45 45 45 45 45 2003 Avg 47 47 47 47 47 47 47 47 47 47 47 47 2004 Avg 2005 Avg YTD Plan

Development (excl sinking) BRPM Development Metres (Excluding Sinking) Strike 3,500 3,000 2,500 2,000 Metres 1,500 1,000 500 - J- F- M- A- M- J- J- A- S- O- N- D- J- F- M- A- M- J- J- A- S- O- N- D- J- F- M- A- M- J- J- A- S- O- N- D- J- F- M- A- M- J- J- A- S- O- N- D- J- F- M- A- M- J- J- A- S- O- N- D- 00 00 00 00 00 00 00 00 00 00 00 00 01 01 01 01 01 01 01 01 01 01 01 01 02 02 02 02 02 02 02 02 02 02 02 02 03 03 03 03 03 03 03 03 03 03 03 03 04 04 04 04 04 04 04 04 04 04 04 04 849 946 1,5 1,3 1,7 1,8 1,6 1,4 1,6 1,3 840 939 1,5 1,3 1,9 1,4 2,2 2,0 1,9 2,0 2,0 2,3 2,1 1,4 1,9 2,1 2,8 2,4 2,8 2,1 2,8 2,8 2,6 2,9 2,9 2,1 2,8 2,4 2,5 2,0 2,5 2,7 3,0 2,6 2,6 2,9 2,6 2,0 2,4 2,0 2,7 2,0 2,6 2,9 2,8 3,0 2,6 1,9 2,9 2,5 Actual 42 04 83 29 64 76 09 89 01 68 68 13 23 66 89 22 80 88 85 86 02 20 25 79 34 27 25 65 12 31 33 64 62 28 42 42 36 57 91 00 44 02 51 32 79 44 62 24 83 61 67 23 23 16 87 76 1,3 1,3 1,3 1,3 1,3 1,3 1,3 1,3 1,3 1,3 1,3 1,3 2000 Avg 47 47 47 47 47 47 47 47 47 47 47 47 1,8 1,8 1,8 1,8 1,8 1,8 1,8 1,8 1,8 1,8 1,8 1,8 2001 Avg 91 91 91 91 91 91 91 91 91 91 91 91 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2002 Avg 51 51 51 51 51 51 51 51 51 51 51 51 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2003 Avg 91 91 91 91 91 91 91 91 91 91 91 91 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2004 Avg YTD 79 79 79 79 79 79 79 79 79 79 79 79 Plan

Tons Milled Tons Milled 3,000 2,500 Tons Milled (000's) 2,000 1,500 1,000 500 - 1999 2000 2001 2002 2003 2004 101 1,191 970 633 198 4 Tons Milled Surface 342 921 1,858 2,283 2,377 Tons Milled U/G 101 1,533 1,892 2,491 2,481 2,381 Total Tons Milled • Build up to 220ktpm in H2 2005