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CANCELLATION OF S341010 Anglo American Platinum quarterly review and production report for the period 01 October 2013 to 31 December 2013
ANGLO AMERICAN PLATINUM LIMITED
Incorporated in the Republic of South Africa)
Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
ANGLO AMERICAN PLATINUM LIMITED QUARTERLY REVIEW AND PRODUCTION
REPORT FOR THE PERIOD 01 OCTOBER 2013 TO 31 DECEMBER 2013
KEY FEATURES
- A record year for safety but regrettably 1 employee lost his life in Q4 2013
- Group equivalent refined platinum production was up 25% to 520 koz compared to 416 koz
during Q4 2012 due to normalisation of production at Rustenburg, Amandelbult and Union
mines that were impacted by the illegal industrial action in 2012
- Equivalent refined platinum production from own mines, including the Western Limb
Tailings Retreatment Plant (“WLTR”), of 311 koz, a 35% increase compared to 2012 mainly
due to the illegal industrial action that depressed Q4 2012
- Mogalakwena production increased by 24% year-on-year
- Industrial action was experienced at several Platinum operations in Q4 2013 between 27
September 2013 and 10 October 2013. Approximately 44,000 platinum ounces of production
were lost as a result.
REVIEW OF THE QUARTER
OPERATIONS
Safety performance in Q4 2013 improved from the prior quarter but disappointingly one
employee lost his life. The Lost Time Injury Frequency Rate for Q4 at managed operations
(“LTIFR”) decreased from 1.11 in Q3 (2013) to 0.92 in Q4 2013 per 200,000 hours worked.
Total equivalent refined platinum production (equivalent ounces are mined ounces expressed
as refined ounces) for Q4 2013 increased by 25% at 520 koz compared to 416 koz during Q3
2012.
Production from own operations and the Western Limb Tailings Retreatment (“WLTR”), was
311 koz, a 35% increase compared to 2012 mainly due to the illegal industrial action that
depressed Q4 2012. Production from joint ventures and associates, including both own mine
and purchased production, increased by 13% to 210 koz.
Mogalakwena production increased by 24% as a result of business improvement
programmes that has improved throughput at the concentrator and recoveries. In addition
material was processed on a toll basis in 2013 at a 3rd party concentrator.
Rustenburg, Amandelbult and Union increased production collectively by 38% in Q4 2013 in
comparison to particularly low production in Q4 2012 due to illegal industrial action. Further
industrial action was experienced at these Platinum operations in Q4 2013 between 27
September 2013 and 10 October 2013. Approximately 44,000 platinum ounces of production
were lost as a result.
Production at Rustenburg decreased 41% quarter-on-quarter as a result of Khomanani mine,
Khuseleka 2 shaft and Union North Declines having shut since August 2013, in line with the
proposed restructuring plans. The resources from these mines have now been integrated
into the surrounding operations.
Production at the Tumela and Dishaba mines were still affected in Q4 due to shortages of
production crews and supervisors, resulting from the extended Section 189 process. The
redeployment of labour programme has been concluded and productivity improvements will
be seen in 2014.
Refined platinum production in Q4 2013 was 692 thousand ounces; marginally lower than
2012 with total production for the year of 2.3 million ounces in line with production plans and
guidance.
Refined production of palladium and rhodium increased by 4% and decreased by (8)%
respectively as a result of a different source mix from operations and different pipeline
processing times for each metal. Nickel production saw a 33% increase as plant capacity
increased following the resolution of technical challenges in the new nickel tank house and
as ramp-up continues.
ANGLO AMERICAN PLATINUM
FIRST QUARTER PRODUCTION REPORT
PERIOD 01 OCTOBER 2013 T0 31 DECEMBER 2013
Unaudited Unaudited Unaudited
Quarter ended Quarter ended Quarter ended
31 December 2013 31 December 2012 30 September 2013
Attributable equivalent refined Pt production
(see note 1) 000 oz 520 416 623
Own Mines and WLTR 000 oz 311 230 406
Joint ventures - mined 000 oz 60 63 66
Joint ventures and associates - purchased 000 oz 138 110 134
Third parties - purchased 000 oz 12 12 17
Gross refined production
Platinum 000 oz 692 704 666
Palladium 000 oz 428 413 369
Rhodium 000 oz 84 91 85
Gold 000 oz 27 19 34
PGMs 000 oz 1,341 1,365 1,249
Nickel - Refined 000 tonne 5.2 3.8 4.9
Nickel - Matte (see note 2) 000 tonne 0.1 - 0.3
Copper - Refined 000 tonne 1.8 2.6 2.6
Copper - Matte (see note 2) 000 tonne 1.4 - 0.3
Pt from: Mining 000 oz 494 512 515
Purchase of concentrate 000 oz 198 185 151
Toll refining (see note 3) 000 oz - 7 -
Total Operations
Tonnes Milled 000 tonne 8,816 7,035 10,296
Grade (4E) g/t 3.19 3.22 3.36
Merensky milled % 7 6 9
Equivalent refined production 000 oz 520 416 623
Rustenburg Operations excl WLTR
Tonnes Milled 000 tonne 1,285 978 1,982
Grade (4E) g/t 3.75 3.46 4.10
Merensky milled % 32 30 35
Equivalent refined production 000 oz 78 54 132
Union Mine
Tonnes Milled 000 tonne 762 487 962
Grade (4E) g/t 3.24 3.18 3.47
Merensky milled % 2 1 1
Equivalent refined production 000 oz 35 21 48
Amandelbult Operations
Tonnes Milled 000 tonne 981 641 1,332
Grade (4E) g/t 4.66 5.70 5.19
Merensky milled % 15 16 18
Equivalent refined production 000 oz 73 59 111
Mogalakwena Mine
Tonnes Milled 000 tonne 2,652 2,525 2,968
Grade (4E) g/t 3.11 2.82 2.75
Equivalent refined production 000 oz 88 71 83
Unki Platinum Mine
Tonnes Milled 000 tonne 414 379 400
Grade (4E) g/t 3.41 3.37 3.32
Equivalent refined production 000 oz 17 14 17
Joint Venture Operations - mined (excl POC)
Tonnes Milled 000 tonne 1,173 1,144 1,267
Grade (4E) g/t 3.64 3.86 3.75
Merensky milled % - - -
Equivalent refined production 000 oz 60 63 66
Notes:
1. Mine's production converted to equivalent refined production using Amplats' standard smelting and refining recoveries
2. Nickel and copper refined through 3rd parties is now shown as production of nickel matte and copper matte.
3. Toll refining represents metal refined in respect of the recycling project and it was returned to the third party
4. Grades and production are reflected inclusive of low grade surface material at operations
Note: WTLR refers to Western Limb Tailings Retreatment plant. POC refers to Purchase of Concentrate
Note: Grade 4E is the grade measured as the combined ontent of the four most valuable precious metals; platinum, palladium,
rhodium and gold
Johannesburg, South Africa
29 January 2014
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
For further information, please contact:
Investors: Media:
Emma Chapman Mpumi Sithole
+44 (0) 20 7968 8451 +27 (0) 11 373 6246
emma.chapman@angloamerican.com mpumi.sithole@angloamerican.com
Notes to editors:
Anglo American Platinum Limited is a member of the Anglo American plc Group and is the
world’s leading primary producer of platinum group metals. The company is listed on the
Johannesburg Securities Exchange (JSE). Its mining, smelting and refining operations are
based in South Africa. Elsewhere in the world, the Group owns Unki Platinum Mine in
Zimbabwe and is actively exploring in Brazil. Anglo American Platinum has a number of joint
ventures with several historically disadvantaged South African consortia as part of its
commitment to the transformation of the mining industry. Anglo American Platinum is
committed to the highest standards of safety and continues to make meaningful and
sustainable difference in the development of the communities around its operations.
www.angloamericanplatinum.com
Anglo American is one of the world’s largest mining companies, is headquartered in the UK
and listed on the London and Johannesburg stock exchanges. Our portfolio of mining
businesses meets our customers’ changing needs and spans bulk commodities – iron ore
and manganese, metallurgical coal and thermal coal; base metals and minerals – copper,
nickel, niobium and phosphates; and precious metals and minerals – in which we are a
global leader in both platinum and diamonds. At Anglo American, we are committed to
working together with our stakeholders – our investors, our partners and our employees – to
create sustainable value that makes a real difference, while upholding the highest standards
of safety and responsibility across all our businesses and geographies. The company’s
mining operations, pipeline of growth projects and exploration activities span southern Africa,
South America, Australia, North America, Asia and Europe.
www.angloamerican.com
Date: 29/01/2014 09:44:59 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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