Operations Review (Part 1) - Anglo Platinum

Operations Review (continued)Overview: ProjectsThe Projects Division, established in 2001, is responsible for the feasibility study, evaluationand execution of the major expansion projects required to meet the 2006 target of3,5 million annual ounces of platinum.During the year, in pursuit of the expansion objectives, theRustenburg Tailings Retreatment Project and a further expansion(Phase 2) to the Rustenburg UG2 project were announced.The Board approved, after year end, the joint venture withLonmin Platinum (the Pandora Project) to exploit the UG2reserves west of Brits. A portion of the project will be allocatedto empowerment partners.Agreement was reached with Government on several key miningauthorisations on the Eastern Limb of the Bushveld Complex.There will be four separate project areas, two of which will bedeveloped 100% by Anglo Platinum, these being Twickenhamand Der Brochen, and two adjacent projects, being Paschaskraaland Booysendal respectively, will be 50:50 joint ventures withempowerment consortiums.Further mining opportunities continue to be evaluated, both forthe purposes of Group expansion and replacement of depletedA training session at theAnglo Platinum DevelopmentCentre (ADC) in Rustenburg.reserves at existing operations. Additional mining projects willbe announced during 2003. Also, de-bottlenecking ofprocessing capacity will be necessary; option evaluation iswell-advanced and processing project announcements will bemade in 2003.S A F E T Y53A strong emphasis has been placed on safety in all project execution activities, traditionallya high-risk area. During 2002, in excess of 25 million man-hours were worked. There werea total of 30 lost-time injuries for the year, resulting in a world-class performance frequencyrate of 0,24, a drop of 18% on 2001. The division regrets the occurrence of three fatalities,two of which were caused by falls of ground.The strong support received from contracting companies in the area of safety is encouraging.52