Wrap Text
Anglo American Platinum first quarter production report period 01 January 2015 to 31 March 2015
ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
(“The Company" or "Anglo American Platinum")
ANGLO AMERICAN PLATINUM LIMITED
PRODUCTION REPORT FOR THE FIRST QUARTER ENDED 31 MARCH 2015
OVERVIEW
- Tragically, one fatality occurred at the Twickenham project in Q1 2015
- Group equivalent refined platinum production increased to 536 koz, up 50% over the strike
affected Q1 2014
- Mogalakwena production increased to 100 koz, a 13% increase due to improved mining
performance, recoveries and higher grades
- Refined platinum production increased by 25% to 542 koz compared to the strike affected Q1
2014
REVIEW OF THE QUARTER
OPERATIONS
Anglo American Platinum tragically suffered one fatality at the Twickenham project. On 26 January
2015, Mr Michael Malesa was fatally injured when he was struck by a utility vehicle. We are
investigating the circumstances which led to this tragic event and will implement the necessary
remedial actions to prevent a repeat, as we continue our journey to reach a target of zero harm. The
Lost time Injury Frequency Rate (“LTIFR”) per 200,000 hours at managed operations for the quarter
was 0.97, marginally higher than the normalised LTIFR (adjusting for the strike) of 0.95 for 2014.
Total equivalent refined platinum production (equivalent ounces are mined ounces expressed as
refined ounces) increased by 50% to 536 koz, compared to 357 koz in Q1 2014 which was impacted
by the industrial action. Production at Rustenburg (106 koz) continued on the strong momentum as
seen in Q4 2014, but Amandelbult (81 koz) and Union (32 koz) were impacted in the quarter due to
Section 54 safety stoppages. The first quarter of the year has less working shifts than the final quarter
and therefore production was marginally lower than the fourth quarter of 2014.
Mogalakwena had another strong production performance, increasing 13% to 100 koz, due to
improved mining performance, recoveries and higher grades.
Production from the Joint Venture and Associate operations (mined and purchased) decreased by 6%
to 172 koz compared to 183 koz in Q1 2014. Production was impacted at Bafokeng-Rasimone
Platinum Mine (BRPM) due to a fatal incident at the BRPM North Shaft and at Kroondal due to
Section 54 safety stoppages at the mine.
Refined platinum production increased by 25% to 542,400 ounces, following the industrial action in
Q1 2014. Refined palladium and rhodium increased for similar reasons. The mix of metals has
returned to normal compositions as all mines are now producing around normal production rates.
Unaudited Unaudited Unaudited
Quarter ended Quarter ended Quarter ended
31 March 2015 31 March 2014 31 December 2014
Attributable equivalent refined Pt production (see note 1) 000 oz 536 357 594
Own Mines and WLTR 000 oz 349 167 380
Joint ventures - mined 000 oz 56 60 58
Joint ventures and associates - purchased 000 oz 116 123 136
Third parties - purchased 000 oz 15 12 19
Sale of metal in concentrate 000 oz - -5 -
Gross refined production
Platinum 000 oz 542 435 574
Palladium 000 oz 348 257 358
Rhodium 000 oz 65 61 72
Gold 000 oz 30 25 29
PGMs 000 oz 1 062 856 1 120
Nickel - Refined 000 tonne 5.7 4.9 4.8
Nickel - Matte (see note 2) 000 tonne 0.4 1.4 1.8
Copper - Refined 000 tonne 3.9 3.2 2.6
Copper - Matte (see note 2) 000 tonne 0.3 1.2 1.4
Pt from: Mining 000 oz 402 329 410
Purchase of concentrate 000 oz 140 106 163
Toll refining (see note 3) 000 oz - - 0
Total Operations
Tonnes Milled 000 tonne 9 607 6 702 10 153
Grade (4E) g/t 3.14 2.86 3.19
Merensky milled % 8 3 8
Equivalent refined production 000 oz 536 357 594
Rustenburg Operations excl WLTR
Tonnes Milled 000 tonne 1 847 454 1 802
Grade (4E) g/t 3.62 3.05 3.66
Merensky milled % 29 20 29
Equivalent refined production 000 oz 106 22 106
Union Mine
Tonnes Milled 000 tonne 574 166 892
Grade (4E) g/t 3.82 2.87 3.44
Merensky milled % 3 1 1
Equivalent refined production 000 oz 32 7 43
Amandelbult Operations
Tonnes Milled 000 tonne 1 364 339 1 449
Grade (4E) g/t 3.75 3.80 4.42
Merensky milled % 17 16 16
Equivalent refined production 000 oz 81 20 103
Mogalakwena Mine
Tonnes Milled 000 tonne 2 892 2 755 3 050
Grade (4E) g/t 3.22 3.16 2.99
Equivalent refined production 000 oz 100 89 98
Unki Platinum Mine
Tonnes Milled 000 tonne 413 378 412
Grade (4E) g/t 3.09 3.17 3.02
Equivalent refined production 000 oz 16 15 15
Joint Venture Operations - mined (excl POC)
Tonnes Milled 000 tonne 1 076 1 199 1 136
Grade (4E) g/t 3.61 3.58 3.59
Merensky milled % - 3 -
Equivalent refined production 000 oz 56 60 58
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: WLTR refers to Western Limb Tailings Retreatment plant. POC refers to Purchase of Concentrate
Note: 4E Grade is the grade measured as the combined content of the four most valuable precious metals: platinum, palladium, rhodium and gold
Johannesburg, South Africa
23 April 2015
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact:
Investors: Media:
Emma Chapman Mpumi Sithole
(SA) +27 (0) 11 373 6239 (SA) +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 a global and diversified mining business that provides the raw materials essential
for economic development and modern life. Our people are at the heart of our business. It is our
people who use the latest technologies to find new resources, plan and build our mines and who mine,
process and move and market our products – from bulk commodities and base metals to precious
metals and diamonds (through De Beers) – to our customers around the world. Our diversified
portfolio of products spans the economic development cycle and, as a responsible miner, we are the
custodians of precious resources. We work together with our key partners and stakeholders to unlock
the long-term value that those resources represent for our shareholders, but also for the communities
and countries in which we operate – creating sustainable value and making a real difference. Our
mining operations, growth projects and exploration and marketing activities extend across southern
Africa, South America, Australia, North America, Asia and Europe.
www.angloamerican.com
Date: 23/04/2015 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
