Operations Review (Part 1) - Anglo Platinum

Operations Review (continued)Overview: ProjectsRustenburg Tailings RetreatmentThe tailings plant will be situated near the Brakspruit shaft and will draw feedstock from anumber of tailings dams in the Klipfontein and Waterval areas. Capital expenditure isestimated at R1,6 billion in 2003 money terms. The plant is expected to commence operationin 2004, reaching full production in 2006 at an average rate of120 000 ounces of refined platinum and 38 000 ounces ofpalladium per annum. At the planned production rate, theproject’s resource base is sufficient to sustain production forsome 15 years.Styldrift (BRPM Expansion); joint venture with Royal BafokengNation (RBN)Preliminary design and project engineering work progressed wellin 2002, including a 3D seismic survey and scoping studies forthe Environmental Management Programme (EMP). Site accessremains on hold pending the outcome of negotiations with thejoint venture partner, the RBN, on optimising the mine design.Pandora; joint venture with Lonmin PlatinumInstructor J Seraiseconducting temporary supportinstallation and barring training.The Pandora project to exploit the UG2 reserves west of Britswas approved by the Anglo Platinum Board and the joint ventureagreement has been signed with Lonmin Platinum. The projectwill have mineable UG2 reserves and resources in excess of130 million tons and is expected to produce 230 000 annualounces of refined platinum per annum over its expected life of30 years. A portion of the project will be allocated toempowerment partners: the Bapo Ba Mogale Tribe and Northam.f fLEGENDProject AreaMerensky ReefUG2 ReefFaultfPANDORA JVfROODEKOPJES 417 JQHARTEBEESTPOORT "B" 410 JQUITVALGROND 416 JQfff0 5kmf56