Prescient presentation - Petmin
Prescient presentation - Petmin
Prescient presentation - Petmin
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29<br />
Performance Summary 2010 and 2011 - Somkhele<br />
Anthracite (Somkhele)<br />
2011 Reviewed 2010 Audited Variance Variance %<br />
Average cost at mine gate per tonne (R) 555.31 438.18 117.13 26.7%<br />
Cost of run-of-mine coal 298.02 191.29 106.73 55.8%<br />
Plant processing 97.21 102.39 -5.18 -5.1%<br />
Other overhead costs (includes <strong>Petmin</strong> fees) 127.39 115.36 12.03 10.4%<br />
Depreciation 32.69 29.14 3.55 12.2%<br />
Average cost at mine gate per tonne (R) 555.31 438.18 117.13 26.7%<br />
• The increased amount of overburden to be moved in this higher strip ratio environment resulted in an increase in<br />
mining cost of 56% when moving from a strip ratio of 1.7:1 in Area 2 to a strip ratio of 4:1 in Area 1.<br />
• The increase in production and sales volumes combined with efficiency improvements enabled Somkhele to limit<br />
the increase in total cost per tonne (at mine gate) to 26.7%<br />
• Average Cost at Mine Gate estimated to be R 650 for 2012 as ALL production will come fro Area 1 (Revised strip<br />
ratio of 3.8:1).<br />
…turning …A STRONG development PLATFORM projects …exceeding FOR into cash FUTURE generative expectations GROWTH assets
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