Anglo American Annual Report 2012

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OPERATING AND FINANCIAL REVIEW STRATEGY IN ACTIONSTRATEGIC ELEMENT: Investing in world class assets and the most attractive commoditiesSURPASSINGSTANDARDSWITH THE FUTURE IN MIND14 Anglo American plc Annual Report 2012
We have a clear strategy of deployingcapital in those commodities withstrong fundamentals and the mostattractive risk-return profiles that deliverlong term, through-the-cycle returnsfor our shareholders.EXCEEDING EXPECTATIONSKumba’s Kolomela mine, which was brought intoproduction five months ahead of schedule inDecember 2011, is a key element of our SouthAfrican iron ore growth strategy. Although, initiallythe operation was expected to ramp up through2012 to produce between 4 and 5 Mt of saleableproduct, it surpassed expectations to achievedesign capacity by the third quarter, shipping8.5 Mt of iron ore to customers in the year. Safetyperformance at Kolomela has been outstanding;the project and operations achieved a combined29 million man hours, without a fatal incidentor lost-time injury between March 2010 andOctober 2012, setting a new benchmark forthe Group and for projects of this nature inSouth Africa.718HOMES ARE BEING BUILT TO ACCOMMODATEKOLOMELA’S EMPLOYEES. BY THE END OF2012, 615 HAD BEEN COMPLETED, WITH THEREMAINDER DUE BY Q2 2013.Operating and financial review01IRON ORE PRODUCTION FOR KUMBA (MT)70 MtpaKumba plans to grow organically to achieve productionof 70 Mtpa from South Africa.70.041.9 43.4 41.3 43.1022009 2010 2011 2012 Target“It is such occasions as today, theopening of a new mine, the creationof new economic activity andjobs which makes one proud andemphasises the importance ofmining in our country.”Susan ShabanguSouth Africa’s Ministerof Mineral Resourcesc. 85%OF PERMANENT EMPLOYEESARE FROM THE NORTHERN CAPEPROVINCE, VERSUS A TARGETOF 75%.“Kumba is studyingopportunities toexpand Kolomela’sproduction through abeneficiation process,which could add afurther 6 Mtpa of production.”Norman MbazimaCEO, Kumba Iron Ore63.7% FeAVERAGE GRADE OFUNBENEFICIATED ORE – KOLOMELA.Main Fitter MarthaZenda at Kolomelairon ore plant’sload-out stationfeed conveyor. Theconveyor transfersiron ore from thestacker reclaimeryard to binswhich feed theSishen-Saldanhaexport rail system.01 The Kumba/Kolomela rail loadingfacility is designedto transfer iron orerapidly to rail wagonson the export railsystem.02 Maintenanceoperator MattieusDikwidi at theKolomela plant.Anglo American plc Annual Report 2012 15
Page 1 and 2: A BALANCEDPORTFOLIOWITH THE FUTURE
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GOVERNANCE INTRODUCTIONGOVERNANCESi
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GOVERNANCE DIRECTORS’ REPORTIssue
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GOVERNANCE STATEMENT OF DIRECTORS
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FINANCIAL STATEMENTSRESPONSIBILITY
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ORE RESERVES AND MINERAL RESOURCESE
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OTHER INFORMATION PRODUCTION STATIS
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OTHER INFORMATIONEXCHANGE RATES AND
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OTHER INFORMATIONKEY FINANCIAL DATA
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OTHER INFORMATIONRECONCILIATION OF
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OTHER INFORMATIONTHE BUSINESS - AN
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OTHER INFORMATIONSHAREHOLDER INFORM
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Anglo American plc20 Carlton House
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Anglo American Annual Report 2012

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