| Mototolo Platinum Mine (non-managed – 50:50 joint venture with XK Platinum
Partnership) |
| Xstrata South Africa manages mining operations, while
Anglo Platinum manages concentrator operations. |
|
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| SAFETY |
| There were no fatalities at Mototolo in 2007. The mine
suffered three lost-time injuries during 2007, which
resulted in an LTIFR of 0.24. |
| |
| PRODUCTION |
| With its first equivalent refined platinum ounce
production delivered during the last quarter of 2006,
the Mototolo Joint Venture production levels increased
to 95,200 ounces from 12,800 in 2006. Development
of the on-reef decline clusters has progressed reasonably
with sufficient mine face-length exposed to sustain
steady-state production of 200,000 tonnes per month.
The mine production build-up was behind schedule due
to a high turnover of skilled operators and a slowerthan-
anticipated start, compounded by difficult ground
conditions. The mine recorded an increase in the 4E
built-up head grade as mining expanded and grades
increased by 10% from 3.23 g/t to 3.60 g/t. |
| |
| COSTS |
| Anglo Platinum's share of total cash on-mine costs
increased by 572% to R252 million due to a ramp-up in
production, inflation and increased initial training and
development costs for drilling employees. The cash onmine
costs per tonne milled increased by 19% to R280,
while cash on-mine costs per equivalent platinum ounce
decreased by 10% to R5,300. |
| |
 Mototolo concentrator |
| |
| CAPITAL EXPENDITURE |
| Anglo Platinum's share of capital expenditure at
Mototolo decreased by 79% or R324 million to
R86 million. The lower capital expenditure is due to
investment costs incurred in 2006 for the Anglo
Platinum concentrator not recurring in 2007. |
| |
| OUTLOOK |
| Mototolo is expected to increase production in 2008 as the mine was in ramp-up during 2007. |
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| Projects |
| Mototolo Joint Venture |
This UG2 mine comprises two decline shaft systems
which have been sunk on-reef and the mining method
is mechanised bord-and-pillar. Production is marginally
below the designed steady-state level and forecast to
reach this target in the second quarter of 2008. Capital
expenditure remains within budget.
The 200,000 tonnes per month MF2 concentrator is
performing according to design. The excellent safety
performance achieved during its construction and
commissioning phases was maintained by operations
with over 2 million lost-time injury-free shifts achieved
to date. All concentrate produced by the joint venture
is processed through Anglo Platinum's smelters and
refineries. At steady-state, the project will produce
130,000 ounces of platinum per annum. |
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