Twickenham Platinum Mine Presentation to Analysts 5 September 2007
Agenda Location Surface Infrastructure General Overview Performance Overview Community Engagement 2
Twickenham Mine - Location Locality Map Legend Mining Licences Joint Venture Prospecting Permits Lonmin PLC Northam Platinum Limited Southern Platinum Impala Platinum Mines POTGIETERSRUST PLATINUMS LIMITED MOKOPANE (POTGIETERSRUS) POLOKWANE (PIETERSBURG) Polokwane Smelter ð Namibia LEBOWA PLATINUM MINES Botswana Republic of South Africa Zimbabwe Mozambique AMANDELBULT LIMPOPO GA PHASHA JV TWICKENHAM Union Smelter ð UNION NORTHAM BAFOKENG/RASIMONE STYLDRIFT JV BELA BELA (WARMBATHS) MODIKWA DER BROCHEN BOOYSENDAL JV BURGERSFORT LYDENBURG NORTH-WEST ð RUSTENBURG RUSTENBURG Wateval Smelter PANDORA JV GAUTENG PRETORIA MPUMALANGA WITBANK ± 0 25 50 Kilometres 3
Twickenham Mine - Location ZEEKOEGAT DIAMAND Twickenham Mine Lease Area MIDDELPUNT UMKOANESTAD BRAKFONTEIN KLIPFONTEIN Twickenham Declines PASCHASKRAAL AVOCA Hackney Declines DE KAMP TWICKENHAM SURBITON BALMORAL HACKNEY 4
Twickenham Mine Surface Infrastructure COMPRESSOR STATION ESKOM SUBSTATION To Polokwane REVISED ESKOM POWERLINE S DOWNCAS T VENT SHAFT TWICKENHAM TWICKENHAM SHAFT SHAFT UPCAST VENT SHAFT CONCENTRATOR PLANT SERAFA CAMP EARLY MINING SEWER TREATMENT PLANT CENTRAL SECURITY COMPLEX MOPETSI CAMP R37 LEBALELO PIPELINE ESKOM JANUS SUBSTATION SITE A ESKOM OVERHEAD POWERLINES INTERSHAFT ROAD AND SERVITUDE CENTRAL OFFICES AREA GRAVEYARD ROAD CLIENTS LAYDOWN AREA CONTRACTORS LAYDOWN AREA TWICKENHAM AIRSTRIP MAIN ACCESS To Burgersfort UPCAST VENT SHAFT DOWNCAST VENT SHAFT HACKNEY HACKNEY SHAFT SHAFT 5
Twickenham Mine - General Overview History Investment proposal approved by AAplc board in September 2001 Two decline shaft systems and Serafa Hill 100 000 tons per month from each decline shaft system 50 000 tons per month from Serafa Hill Original design Trackless decline access Ore removal by means of conveyor Personnel transport by means of chairlift Trackless footwall access on the levels Down dip conventional stoping Production output planned at 250 000 tons per month Refined Pt ounces planned at 160 000 per annum Economics necessitated the review of all expansion projects in Anglo Platinum during second half of 2003 Decision taken to slow down project development in December 2003 6
Twickenham Mine General Overview Current Situation Limited surface infrastructure established Access roads Electrical power distribution Offices at Hackney Shaft Conveyor installed in decline up to RAW level at Hackney Shaft Decline portals established and declines advanced to: Hackney Shaft 760m Twickenham Shaft 240m Early mining operation at Hackney Shaft Planned production output of 20 000 tons per month Planned to deliver 1300 Pt ounces to concentrator per month Approx 500 employees Development of Mining Training Centre East at Twickenham Shaft 7
Twickenham Mine - General Overview Planned Future Feasibility study completed and in internal review process Project scheduled to be presented to AAplc board for approval in 2008 Two decline shaft systems Hackney Shaft Twickenham Shaft Each shaft system consists of three barrels located 30m in the footwall Trackless access Conveyor belt for ore removal Chairlift for people transport Footwall access on levels Breast stoping Concentrator constructed on site Approx 5000 employees 8
Twickenham Mine Performance Overview LTIFR (per 200 000 hours) 1.8 1.6 1.4 1.2 LTIFR 1 0.8 0.6 0.4 0.2 0 2005 2006 2007 9
Nov-07 Dec-07 Twickenham Mine Performance Overview IMA / IMS Face Length 1400 1200 1000 800 600 400 200 0 10 Sep-07 Oct-07 Aug-07 m 2004 2005 2006 2007 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 IMS FL IMA FL
Twickenham Mine - Performance Overview Stoping m 2 6000 5000 4000 m 2 3000 2000 1000 0 2004 2005 2006 2007 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Lack of IMS face length Disruption related to change of conditions of employment (Fixed Term Contractors to Enrolled) Services disruptions due to temporary infrastructure 11
Twickenham Mine - Performance Overview Tons Delivered to Concentrator Stocks 25000 20000 Tons 15000 10000 5000 0 2004 2005 2006 2007 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Additional low grade development tons delivered to concentrator to partially offset shortfall from stopes 12
Twickenham Mine - Performance Overview Tons Milled 25000 20000 15000 10000 5000 0 13 Nov-07 Dec-07 Oct-07 Sep-07 Aug-07 Tons 2004 2005 2006 2007 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Lebowa concentrator able to mill more tons than anticipated
Twickenham Mine - Performance Overview Stoping Width 100 95 90 cm 85 80 75 2004 2005 2006 2007 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Increase due to mining in an area where the parting between the TRC and leader 1 has increased In stope bolting system being developed to address this situation in the future (Qtr 2 2008) 14
Twickenham Mine - Performance Overview Pt Ounces in Concentrate 1200 1000 800 600 400 200 0 15 Nov-07 Dec-07 Oct-07 Sep-07 Pt Ounces 2004 2005 2006 2007 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Lebowa concentrator able to mill more tons than anticipated
Twickenham Mine Community Engagement Improving relationship with communities and managing their expectations Recruitment strategy Social investment Local procurement Lease payments Relocated families Community engagement structure to be established with representatives from: Tribal Authorities Local Government (Political and Administrative) Mine Representatives 16
End 17