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$Furnace refractory erosion - Mintek$

Mintek Board of DirectorsMzi KhumaloChairman of the BoardChairman: MawenziResources Ltd. andMetallon Corporation Ltd.Dr. Paul Jourdanof MintekAbe MngomezuluChief Director: MineralInvestment and Policy,Department of Minerals andEnergyDr. Nozibele MjoliManaging Director:Hlathi DevelopmentServicesDr. Frank CrundwellConsultant:CrundwellManagement SolutionsProf. Phuti NgoepeDirector: MaterialsModelling Centre,School of Physicaland Mineral Sciences,University of LimpopoGugu MthethwaManager: AcquisitionsFinance Group,Standard BankRalph HavensteinCEO: Anglo AmericanPlatinum Corporation Ltd.Vinogaren PillayExecutive Director: CSIRMining Technologyannual report 2007 4
CHAIRMAN’S REVIEWI am pleased to report another year of above-averagegrowth – the second such year in succession - for Mintek’s coreresearch and development (R&D) business. Total income for theto R322.02 million, a year-on-year increase of 13.2 per cent, to which theScience Vote (core funding) contributed 32.4 per cent. Total expenditureR13.48 million in the sale of an associated company, as well as earned a sharemillion.Mr Mzi Khumalo,Chairman of Board.Fuelled by the resources boom, which shows little sign of abating, globalspending on mineral exploration reached a new high estimated at US$7.5 billionThis windfall has seen substantial investment in mineral exploration anda long time, and have required relatively little exploration investment, buthave required resolution of technical problems, a change in commodityprice, or changes in political environment, to make them commercialopportunities. Late-stage exploration, which involves a substantialcomponent of metallurgical test work, has also become increasinglydecision.The market for minerals technology is strongly dependent on capitalspending in the mining and metals industries. The current strengthof the market is due to the increasing consumption of metals andthe tight supply-and-demand balance. Supply is constrained bygrade (higher-cost) ore bodies and increased environmental andtechnological requirements.During the year under review, Mintek experienced substantialgrowth in its activities related to the platinum-group metals(PGMs), as a result of the continuing high level of interest in newon the optimisation of gold circuits, cyanide auditing and consulting,cyanide analyser and LeachStar advanced process control strategyhave been rapidly adopted by industry.5annual report 2007
Page 1 and 2: MINTEKANNUALREPORT2007
Page 3 and 4: MINTEKANNUAL REPORT2007CONTENTSMint
Page 5: THE MINING VALUE CHAINTechnologies
Page 9 and 10: Mr Harold Motaung, and new members
Page 11 and 12: CEO’S REPORTAs a result of the ph
Page 13 and 14: income grew frommillion in 2006/07,
Page 15 and 16: of the Mineral Development Branch a
Page 17 and 18: Organisational perspective Measure
Page 19 and 20: TECHNICAL REVIEWGOLD INDUSTRYAuTEK
Page 21 and 22: expected to be complete by the four
Page 23 and 24: of ore types and concentrate compos
Page 25 and 26: vast resources of iron, vanadium, a
Page 27 and 28: partitioned into several operating
Page 29 and 30: The recent interest shown in this t
Page 31 and 32: oute to remove the quartz and hemat
Page 33 and 34: COMMERCIALACTIVITIESMintek’s comm
Page 35 and 36: Heap leaching of nickel lateritesHe
Page 37 and 38: CAPITAL EQUIPMENTA 125 kilogram per
Page 39 and 40: MINERAL POLICYAND SUSTAINABLEDEVELO
Page 41 and 42: REACHAt the beginning of 2006, MESU
Page 43 and 44: KGABANE JEWELLERY INITIATIVEThe Kga
Page 45 and 46: PEOPLEHUMAN CAPITAL MANAGEMENTMinte
Page 47 and 48: management, relationships, and lega
Page 49 and 50: Science, engineering and technology
Page 51 and 52: Jourdan PP. Links with Domestic Ind
Page 53 and 54: ANNUALFINANCIAL STATEMENTSFOR THE Y
Page 55 and 56: INTERNAL CONTROLMintek maintains in
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AUDIT COMMITTEE REPORTThe Audit Com
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DIRECTORS’ REPORTThe directors ta
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REPORT OF THE AUDITOR-GENERALREPORT
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OTHER REPORTING RESPONSIBILITIESRep
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FINANCIAL STATEMENTS AND NOTES 2007
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AfDB - African Development BankAMI
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