Operations Review (Part 1) - Anglo Platinum

P R O C E S S I N G P R O J E C T S U N D E R C O N S T R U C T I O NCapitalexpenditure,real 2003PlannedDate Scheduled terms steady-stateapproved completion R millions productionAnglo Platinum July Phase A:Converting Process 2000 2003 1 800* 72 000t matte p.a.(ACP) Phase B: 33 000t Ni p.a.2004 3,5Moz Pt p.a.Polokwane Smelter December 650kt2000 2003 1 500 concentrate p.a.Slag-cleaning FurnaceJuly(Waterval Smelter) 2001 2003 270 —PMR Expansion May 2002 2005 1 500 3,5Moz Pt p.a.*refers to Phase A and B.Anglo Platinum Converting Process (ACP)The objectives of the ACP project were to improve the control of sulphur emissions and, inso doing, achieve a new global benchmark, while providing converter capacity for theGroup’s expansion programme. Developed in conjunction with Ausmelt and others, the plantutilises a Sirosmelt process adapted to the requirements of nickel-copper matte smelting.This innovative technology was extensively tested during the project design and studyphase. This has led to the very successful results of trial smelting carried out as part of thecommissioning of Phase A that began in March 2002. Progress is continuing according toplan and it is anticipated that the ACP will be fully operational by the end of 2003. Theexisting convertors and the acid plant will be retained on standby during the construction ofthe second ACP reactor, Phase B, which is scheduled to be commissioned during 2004.Opening the new Ausmeltfurnace taphole with an oxygenlance to remove converter matteat the Anglo Platinum ConvertingProcess (ACP) in Rustenburg.