Entire Annual Report - Anglo American Platinum

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Global markets for platinumANGLO American Platinum Corporation Limited (the Group) mines,processes, refines and markets platinum and other platinum group metals(PGMs) and base metals.The Group strives to enhance its international status and position as theworld’s leading primary producer of PGMs through" development of its human resources" introduction and implementation of the most advanced technology andsystems available to achieve maximum cost effectiveness" optimal exploitation of its mineral interests" maximum utilisation of its sophisticated global marketing network.Its management and operational efforts are dedicated to optimising the use ofits resources for the benefit of local and foreign stakeholders.Business Development and Operational Reviews together with CorporateReviews in respect of Finance and Human Resources are included in thisannual report to provide stakeholders with a wider understanding of theGroup’s affairs.
ContentsNATURE OF GROUP BUSINESS(inside front cover)2 VISION AND VALUES6 CHAIRMAN’S STATEMENT24 MARKET REVIEW46 BUSINESS DEVELOPMENT REVIEW52 REVIEW OF OPERATIONS:54 – Overview of Safety and Health 56 – Environmental Review60 – Breakthrough Initiatives 62 – Technology Division 66 – Glossary of Terms: Operations68 – Operations and End-Product Flow ChartReview of Operations – Mining:74 – OverviewBusiness Unit Reports:80 – Rustenburg Section 84 – Amandelbult Section 88 – Union Section92 – Potgietersrust Platinums (PPRust) 96 – Lebowa Platinum Mines (Leplats)100 – Bafokeng-Rasimone Platinum Mine (BRPM)Review of Operations – Process:104 – Waterval Smelter 106 – Rustenburg Base Metals Refiners (RBMR)108 – Precious Metals Refiners (PMR)110 CORPORATE:110 Finance Review112 – Salient Statistics 113 – Glossary of Terms: Finance 114 – Ten Year Review116 Human Resources Review124 SHARE TRANSACTIONS TOTALLY ELECTRONIC (STRATE)127 FINANCIAL INDEX*129 – Directors’ Report 136 – Statement of Corporate Governance 146 – Income Statements147 – Balance Sheets 149 – Cash Flow Statements150 – United States Dollar Equivalent Financial Statements 153 – Value Added Statement182 DIRECTORATE185 MANAGEMENT AND ADMINISTRATION188 NOTICE TO MEMBERS191 SHAREHOLDERS’ DIARYFORM OF PROXY*Detailed index on page 1271
Page 4: Vision and ValuesOUR VISION" to inc
Page 7 and 8: B E Ngubane" EXECUTIVE DIRECTOR: HU
Page 9 and 10: L Boyd" CHAIRMANThe above factors,
Page 12: Chairman’s Statement" (continued)
Page 15 and 16: PALLADIUMStill more pronounced than
Page 18 and 19: Chairman’s Statement" (continued)
Page 20 and 21: Chairman’s Statement" (continued)
Page 22: Chairman’s Statement" (continued)
Page 25 and 26: E Ford" EXECUTIVE DIRECTOR: OPERATI
Page 27 and 28: CREATING growth in anexpanding mark
Page 29 and 30: elationship with JM provides intell
Page 31 and 32: Platinum supply 2000South Africa 72
Page 33 and 34: Heavy photochemical smog in Tokyo,
Page 35 and 36: Fuel cell stackDomestic sales of mo
Page 37 and 38: PLATINUM JEWELLERYDespite the stron
Page 39 and 40: Platinum jewellery is firmly establ
Page 41 and 42: GlassThe increase in demand for per
Page 43 and 44: ● Toyota Motor Corporation and Ge
Page 45 and 46: Gross palladium demand for the auto
Page 47 and 48: hodium from autocatalyst scrap, whi
Page 49 and 50: CREATING businessopportunities47
Page 51 and 52: Existing operationsEXISTING MINESW
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Business Development Review" (conti
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52Review of Operations
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Review of Operations - Overviews" O
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Review of Operations" Environmental
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Review of Operations" Environmental
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Review of Operations" Breakthrough
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Review of Operations" Technology Di
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Review of Operations" Technology Di
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Glossary of terms: OperationsGlossa
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68Mining Operations
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NORTHERNPROVINCEPPRUSTLEPLATSRPM AM
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The Group produces platinum as a pr
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Review of Operations - Mining" Angl
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ANGLO PLATINUM GROUP COMBINED MINER
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CONSOLIDATED OPERATING PERFORMANCEF
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Review of Operations - Mining" Busi
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PRODUCTION STATISTICS AND EFFICIENC
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D W PelserBUSINESS MANAGER #B H Dav
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Ga-Pila villageNegotiations on the
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Review of Operations - Process" Bus
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R P BuitendagENGINEERINGMANAGER #A
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B G ForbesENGINEERINGMANAGER #G P H
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Corporate" Finance Review . . .Fina
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C o r p o r a t e" Finance Review .
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Corporate" Finance Review (continue
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Corporate" Human Resources Review .
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Share Transactions Totally Electron
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126Annual Financial Statements
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Report of theIndependent AuditorsTO
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Directors’ Report" (continued)FIN
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Directors’ Report" (continued)Inc
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Directors’ Report" (continued)Sha
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Statement of Corporate GovernanceGe
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Statement of Corporate Governance"
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Principal Accounting PoliciesThe fi
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Principal Accounting Policies" (con
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Principal Accounting Policies" (con
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Income Statements" for the year end
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Group Statement ofChange in Shareho
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United States Dollar EquivalentInco
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United States Dollar EquivalentCash
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Notes to theFinancial Statements" f
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N o t e s to theFinancial Statement
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N o tes to theFinancial Statements"
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Anglo American Platinum Corporation
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Directorate" (continued)Alternate D
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Corporate and Divisional OfficeMana
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Notice to membersAnnual General Mee
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Notice to members" (continued)gener
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AcknowledgementsAcknowledgements fo
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