Operations Review (Part 1) - Anglo Platinum

will be doubled in capacity to 800 000 tons per month. The mining part of the project willexploit the UG2 reef at the existing Frank and Townlands vertical shafts to produce155 000 tons per month, and two new decline shafts will be established at BoschfonteinEast and Boschfontein West to produce an extra 245 000 tons per month. The projectis expected to cost some R3,7 billion in 2003 money terms andwill reach full production in 2007.Twickenham Platinum MineAn empowerment consortium was allocated mineral rightsadjacent to the original project area and will contribute theseto the project. A 50:50 joint venture will be established overa portion of the area (Paschaskraal and Klipfontein), nowknown as the Paschaskraal joint venture. The remainder of theproject area (Twickenham and Hackney), now known as theTwickenham Platinum Mine, will be developed and owned 100%by Anglo Platinum.In December 2002, mining authorisation was granted forthe Twickenham Platinum Mine. Trial mining operations areunderway and full site establishment was recently completed.Final mine designs, production rates and funding requirementsare being evaluated, in conjunction with the JV consortiumwhere applicable.Industrial theatre at ModikwaPlatinum Mine.TWICKENHAM PLATINUM MINE PROJECT0 5kmTWICKENHAM114 KT SURBITON115 KTBALMORAL508 KSHACKNEY116 KT1FOREST HILL117 KT1LEGENDMining AuthorisationMerensky ReefUG2 ReefMain Portal55