Wrap Text
Correction: Production report for the second quarter ended 30 June 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
CORRECTION: PRODUCTION REPORT FOR THE SECOND QUARTER ENDED 30 JUNE 2015
Shareholders are referred to the Anglo American Platinum Production report released on the Stock Exchange News Service
at 8am today, and are advised to please disregard the earlier release, and refer to the correct information below:
OVERVIEW
- Tragically, one fatality occurred at Thembelani Mine in Q2 2015
- Group equivalent refined platinum production increased to 572 koz, up 60% over the strike
affected Q2 2014
- Excellent mining performance from Mogalakwena - production up 5% to 101 koz year-on-year
- Amandelbult mines production showing marked improvement, up 26% over Q1 2015
- Refined platinum production increased by 33% to 561 koz compared to the strike affected Q2
2014
REVIEW OF THE QUARTER
OPERATIONS
Anglo American Platinum tragically suffered one fatality at Thembelani Mine. On 12 May 2015, Mr
Joseph Khesa was fatally injured by a fall of ground incident. The incident was investigated and the
circumstances which led to this tragic event have been identified together with the required remedial
actions to prevent a repeat, as we continue our journey to reach a target of zero harm.
Total equivalent refined platinum production (equivalent ounces are mined ounces expressed as
refined ounces) increased by 60% to 572 koz, compared to 358 koz in Q2 2014 which was impacted
by the industrial action.
Own mines and tailings retreatment platinum production more than doubled to 372,000 ounces as
operations reached full ramp-up following the strike in H1 2014. Lost production in Q2 2014 as a
result of the strike was approximately 229,000 ounces plus an additional 16,000 ounces lost during
ramp-up upon settlement of the strike on 24th June. In addition, as part of the on-going optimisation of
Union mine, production was 16,000 ounces lower as a result of the closure of the south declines at
the end of 2014.
Mogalakwena production increased by 5% to 101,000 ounces due to continued strong mining
performance, higher achieved head grade and improved recoveries at the concentrator. The mine has
produced in excess of 100,000 ounces in each of the two quarters of 2015.
Amandelbult mine equivalent refined platinum production increased to 102,000 against 14,000 in the
comparative period, which was affected by industrial action in 2014. The performance at Amandelbult
improved significantly over Q1 of 2015 increasing by 26% despite S54 stoppages at the mines and
concentrator.
Unki mine produced 16,000 equivalent refined platinum ounces, 4% higher than the comparative
period. However, only 1,300 ounces in concentrate was dispatched, after the suspension of export of
concentrate on 10 April 2015 as negotiations over export taxes were undertaken with the Government
of Zimbabwe. Following the agreed postponement of the taxes, the export of concentrate re-
commenced on 3 July 2015, with concentrate stockpiled at the mine.
Rustenburg mines including Western Limb Tailings Retreatment plant increased equivalent refined
platinum production from 26,000 ounces to 119,000 ounces while Union mine increased from 4,000 to
30,000 ounces due to the industrial action that impacted production in Q2 2014.
Independently managed production (mined and purchased) decreased by 3% to 183,000 ounces
driven mainly by lower production at BRPM and Mototolo. Production was impacted as a result of s54
safety stoppages and lower grades.
Refined platinum production increased by 33% to 561,000 ounces, following a return to normal
production after the industrial action in H1 2014. Refined palladium and rhodium also increased for
similar reasons. The mix of metals has returned to normal compositions as all mines are producing at
normal rates.
The above information has not been reviewed or reported on by the Company’s external auditors.
ANGLO AMERICAN PLATINUM SECOND QUARTER PRODUCTION REPORT PERIOD 01 APRIL 2015 TO 30 JUNE 2015
Unaudited Unaudited Unaudited
Quarter
ended Quarter ended Quarter ended
30 June 2015 30 June 2014 31 March 2015
Attributable equivalent refined Pt
production 1 000 oz 572 358 536
Own mines and WLTR 000 oz 372 157 349
Joint ventures - mined 000 oz 58 58 56
Joint ventures and associates -
purchased 000 oz 124 130 116
Third parties - purchased 000 oz 17 13 15
Sale of metal in concentrate 000 oz - - -
Gross refined production
Platinum 000 oz 561 421 542
Palladium 000 oz 388 295 348
Rhodium 000 oz 77 49 65
Gold 000 oz 30 27 30
PGMs 000 oz 1 150 850 1 062
Nickel - Refined 000 tonne 6.0 5.5 5.7
Nickel - Matte 2 000 tonne - 2.7 0.4
Copper - Refined 000 tonne 4.0 3.8 3.9
Copper - Matte 2 000 tonne - 2.3 0.3
Total Operations
Tonnes Milled 000 tonne 9 799 6 783 9 607
Grade (4E) g/t 3.27 2.77 3.14
Merensky milled % 9 1 8
Equivalent refined production 000 oz 572 358 536
Mogalakwena mine
Tonnes Milled 000 tonne 3 054 3 073 2 892
Grade (4E) g/t 3.04 3.00 3.22
Equivalent refined production 000 oz 101 96 100
Amandelbult mine
Tonnes Milled 000 tonne 1 540 449 1 364
Grade (4E) g/t 4.14 2.07 3.75
Merensky milled % 19 2 17
Equivalent refined production 000 oz 102 14 81
Unki Platinum mine
Tonnes Milled 000 tonne 405 399 413
Grade (4E) g/t 3.10 3.07 3.09
Equivalent refined production 000 oz 16 15 16
Joint Venture Operations - mined (excl POC)
Tonnes Milled 000 tonne 1 157 1 173 1 076
Grade (4E) g/t 3.71 3.58 3.61
Merensky milled % - 3 -
Equivalent refined production 000 oz 58 58 56
Rustenburg mine (incl WLTR)
Tonnes Milled Rustenburg mine 000 tonne 1 927 337 1 847
Grade (4E) Rustenburg mine g/t 3.53 2.59 3.62
Merensky milled Rustenburg mine % 28 2 29
Equivalent refined production 000 oz 119 26 118
Rustenburg mine 000 oz 108 13 106
Western Limb tailings retreatment 000 oz 11 13 12
Union mine
Tonnes Milled 000 tonne 557 102 574
Grade (4E) g/t 3.72 2.72 3.82
Merensky milled % 5 17 3
Equivalent refined production 000 oz 30 4 32
Johannesburg, South Africa
16 July 2015
Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact:
Investors:
Emma Chapman
Head of Investor Relations
Tel: +27 (0)11 373 6239
emma.chapman@angloamerican.com
Media:
Mpumi Sithole
Tel: +27 (0)11 373 6246
mpumi.sithole@angloamerican.com
About Anglo American Platinum
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: 16/07/2015 09:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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