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Our strategy, objective & values
Key features of the financial year
 
Chairman’s statement
 
Board of directors
 
Executive committee
 
Chief executive officer’s
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Market review
 
Finance review
 
Operations review
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Black economic empowerment
Ore reserves and mineral resources review
Principal risks and uncertainties
Company statistics
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Glossary
 
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Administration
 
Notice to members
 
Shareholders’ diary
 
Form of proxy
 
Appendix A
 
 

KEY FEATURES OF THE FINANCIAL YEAR

GROUP HIGHLIGHTS

Noticeable improvement in safety performance
Record headline earnings, up 8% to R13.3 billion
Produced 2.39 million refined platinum ounces
Rand basket price per platinum ounce up 23% to R22,348
Implemented an Employee Share Ownership Plan
 
 

MAIN FEATURES

 
    2008   2007 %
change
MINING AND CONCENTRATOR ATTRIBUTABLE PRODUCTION  
Tonnes milled 000 tonnes 42,611   41,563 2.5
4E built-up head grade g/t 3.36   3.63 (7.2)
Equivalent refined Pt ounces1 000 Pt oz 2,465.3   2,471.4 (0.2)
REFINED PRODUCTION    
Platinum (Pt) 000 oz 2,386.6   2,474.0 (3.5)
Palladium (Pd) 000 oz 1,318.8   1,389.7 (5.1)
Rhodium (Rh) 000 oz 299.3   328.8 (9.0)
Gold (Au) 000 oz 78.5   97.9 (19.8)
PGMs 000 oz 4,530.8   4,787.1 (5.4)
OPERATIONAL INDICATORS    
Cash on-mine costs R/tonne milled 475   388 22.4
Cash operating costs R/oz equivalent refined Pt1 11,093   8,181 35.6
Cost of sales R/oz Pt sold 14,922   10,711 39.3
FINANCIAL FEATURES (R MILLION)        
Net sales revenue   50,765   46,616 8.9
Gross profit on metal sales   17,083   19,097 (10.5)
Headline earnings   13,292   12,325 7.8
Net debt (13,459)   (4,086) 229.4
Debt:equity ratio   1:1.8   1:3.5
Capital expenditure   14,388   10,653 35.1
Gross profit margin (%)   33.7   41.0 (17.8)
Net sales revenue per platinum ounce sold (R)   22,348   18,167 23.0
1. Mines’ production and purchases of metal in concentrate, secondary metals and other metals converted to equivalent refined production using Anglo Platinum’s standard smelting and refining recoveries. 
 
   
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