Entire Annual Report - Anglo American Platinum

More documents

Recommendations

Info

Business Development ReviewBusiness DevelopmentAs explained in the Chairman’s Statement, Anglo Platinum’s strategy is to develop theplatinum market and to exploit the growth opportunities thereby created throughthe expansion of its operations while at the same time moving down the cost curve.As indicated elsewhere in this report, the Anglo Platinum Board announced on16 May 2000 its decision to increase Group production from the 1999 base of2,0 million to 3,5 million ounces of refined platinum by the end of calendar year 2006at an estimated cost of R12,6 billion (in 2000 money terms). The additional metalwill be sourced from a number of new mines and from the expansion of existing minesin South Africa. To date, expansion projects accounting for some 1 million ounces ofplatinum per annum have been announced.Outlined below are details of the various mines and projects from which the additionalounces will be drawn.Mining expansion projectsBAFOKENG-RASIMONE PLATINUM MINEEstimated capital expenditureR1,2 billionProduction 200 000 tons per month and 250 000platinum ounces per year.Employees 2 800Life of mine25 yearsTargeted design capacity date2002 (first quarter)The Bafokeng-Rasimone Platinum Mine accounted for R370,7 million of the expansionexpenditure incurred during the year ended 31 December 2000.The opencast development has been completed, but development of the undergroundoperations was delayed by the excessive flooding in the first half of 2000. The designedmilling rate of 200 000 tons per month will be attained by October 2001, and refinedplatinum production is expected to exceed 190 000 ounces in 2001 owing to the plannedacceleration of future underground development as per the original plan.Designed underground output of 250 000 ounces per annum is expected to be reachedin 2002.AMANDELBULT UG2 EXPANSIONCapital expenditureR153,7 millionProduction60 000 tons per month and 72 000 platinumounces per year.Employees 478Life of mine80 yearsFull production date2000 (fourth quarter)The project was commissioned on time and within budget and is producing at theplanned rate of 72 000 ounces per annum.This project has proved to be an invaluable learning experience as regards UG2metallurgy, and is currently undergoing a process of further optimisation.Catalyst production line at Johnson Matthey48
Existing operationsEXISTING MINESW E S T ERN BUSHVELD•PietersburgRPM AMANDELBULTRPM UNIONPPRUST• •PotgietersrusThabazimbiLEBOWAEASTERN BUSHVELD•Northam• •Sun CityWarmbaths•SteelpoortZeerustPhokengBAFOKENG-RASIMONE• •••RustenburgBritsGroblersdal••LydenburgRPM RUSTENBURG•PretoriaBUSHVELD COMPLEX0 50kilometres•Witbank49
Page 2 and 3: Global markets for platinumANGLO Am
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: CREATING businessopportunities47
Page 53 and 54: Business Development Review" (conti
Page 55 and 56: 52Review of Operations
Page 57 and 58: Review of Operations - Overviews" O
Page 59 and 60: Review of Operations" Environmental
Page 61 and 62: Review of Operations" Environmental
Page 63 and 64: Review of Operations" Breakthrough
Page 65 and 66: Review of Operations" Technology Di
Page 67 and 68: Review of Operations" Technology Di
Page 69 and 70: Glossary of terms: OperationsGlossa
Page 71 and 72: 68Mining Operations
Page 73 and 74: NORTHERNPROVINCEPPRUSTLEPLATSRPM AM
Page 75 and 76: The Group produces platinum as a pr
Page 77: Review of Operations - Mining" Angl
Page 80 and 81: ANGLO PLATINUM GROUP COMBINED MINER
Page 82 and 83: CONSOLIDATED OPERATING PERFORMANCEF
Page 85 and 86: Review of Operations - Mining" Busi
Page 87: Review of Operations - Mining" Busi
Page 90 and 91: PRODUCTION STATISTICS AND EFFICIENC
Page 93 and 94: Review of Operations - Mining" Busi
Page 95: D W PelserBUSINESS MANAGER #B H Dav
Page 98 and 99: Ga-Pila villageNegotiations on the
Page 101 and 102:
Review of Operations - Mining" Busi
Page 103 and 104:
Page 105 and 106:
Page 107 and 108:
Review of Operations - Process" Bus
Page 109 and 110:
R P BuitendagENGINEERINGMANAGER #A
Page 111 and 112:
B G ForbesENGINEERINGMANAGER #G P H
Page 113 and 114:
Corporate" Finance Review . . .Fina
Page 115 and 116:
C o r p o r a t e" Finance Review .
Page 117 and 118:
Corporate" Finance Review (continue
Page 119 and 120:
Corporate" Human Resources Review .
Page 121 and 122:
Page 123 and 124:
Page 125 and 126:
Page 127 and 128:
Share Transactions Totally Electron
Page 129 and 130:
126Annual Financial Statements
Page 131 and 132:
Report of theIndependent AuditorsTO
Page 133 and 134:
Directors’ Report" (continued)FIN
Page 135 and 136:
Directors’ Report" (continued)Inc
Page 137 and 138:
Directors’ Report" (continued)Sha
Page 139 and 140:
Statement of Corporate GovernanceGe
Page 141 and 142:
Statement of Corporate Governance"
Page 143 and 144:
Principal Accounting PoliciesThe fi
Page 145 and 146:
Principal Accounting Policies" (con
Page 147 and 148:
Principal Accounting Policies" (con
Page 149 and 150:
Income Statements" for the year end
Page 151 and 152:
Group Statement ofChange in Shareho
Page 153 and 154:
United States Dollar EquivalentInco
Page 155 and 156:
United States Dollar EquivalentCash
Page 157 and 158:
Notes to theFinancial Statements" f
Page 159 and 160:
Page 161 and 162:
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Page 173 and 174:
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
N o t e s to theFinancial Statement
Page 183 and 184:
N o tes to theFinancial Statements"
Page 185 and 186:
Anglo American Platinum Corporation
Page 187 and 188:
Directorate" (continued)Alternate D
Page 189 and 190:
Corporate and Divisional OfficeMana
Page 191 and 192:
Notice to membersAnnual General Mee
Page 193 and 194:
Notice to members" (continued)gener
Page 195 and 196:
AcknowledgementsAcknowledgements fo
show all

Entire Annual Report - Anglo American Platinum

Create successful ePaper yourself

Delete template?

Save as template?