PLATINUM - Anglo American Plc

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PLATINUM FINANCIAL HIGHLIGHTSPLATINUMAnglo American Platinum owns the largestplatinum reserves in the world and is the largestprimary producer of platinum, accounting forsome 40% of newly mined supply.Platinum and other platinum group metals(PGMs) are primarily used in autocatalystsand jewellery. They are also employed in thechemical, electronic, glass and petroleumindustries and in medical applications.FINANCIAL HIGHLIGHTSShare of Group netoperating assetsUnderlying earningsOperating margin20092009% m%200931201010304050Platinum production*Ounces 0510Share of Groupoperating profitPlatinum operating 36419,35401,0002,0003,0004,000PlatinumPalladium, rhodium and gold* Excludes share of Northern Platinum LimitedExcludes production of nickel and copper5,000-5051005,00010,00015,00020,000Cash operating cost per equivalentrefined Pt ounce*Cost of sales per total Pt ounce sold†* Cash operating cost per equivalent refinedPt ounce excludes ounces from purchasedconcentrate and associated costs†Total Pt ounces sold refined Pt ouncessold plus Pt ounces sold in concentrateAnglo American plc Fact Book 2012/1390

PLATINUM FINANCIAL DATAFINANCIALDATATotal refined productionPlatinum (troy ounces)Palladium (troy ounces)Rhodium (troy ounces)Nickel (tonnes)Turnover ( m)Subsidiaries and joint venturesAssociatesTotal turnoverEBITDADepreciation and amortisationOperating profit before special items and remeasurementsOperating special items and remeasurementsOperating profit after special items and remeasurementsNet interest, tax and non-controlling interestsTotal underlying earningsNet operating assetsCapital 9701,0111,150Anglo American plc Fact Book 2012/1391

PLATINUM BUSINESS OVERVIEWBUSINESSOVERVIEWUNDERLYING OPERATING(LOSS)/PROFIT(2011: 890 m) (120) mSHARE OF GROUP UNDERLYINGOPERATING PROFIT(2011: 8%)(2)%Key financial and non-financial performance indicators million (unless otherwise stated)Underlying operating (loss)/profitUnderlying EBITDA20118905801,67210,41911,191822970Share of Group underlying operating profit(2)%8%Share of Group net operating assets20%25%20122011712Net operating assetsCapital expenditureNon-financial indicatorNumber of fatal injuriesUNDERLYING EBITDALost-time injury frequency rate 580 mTotal energy consumed in 1,000 GJ(2011: 1,672 248Total greenhouse gas emissions in 1,000 tonnes CO2eTotal water used for primary activities in 1,000 m3Anglo American Platinum, based inSouth Africa, is the world’s leadingprimary producer of platinum, andaccounts for approximately 40% of theworld’s newly mined production of themetal. Platinum mines, processes andrefines the entire range of platinumgroup metals (PGMs): platinum,palladium, rhodium, ruthenium, iridiumand osmium. Base metals such asnickel, copper and cobalt sulphate areimportant secondary products and aresignificant contributors to earnings.Platinum’s operations exploit theworld’s richest reserve of PGMs,known as the Bushveld Complex,which contains PGM-bearingMerensky, UG2 and Platreef ores.Access to an excellent portfolio of orereserves ensures Platinum is wellplaced to be the world’s major platinumproducer for many years to come.Platinum wholly owns 10 miningoperations currently in production,a tailings re-treatment facility, threesmelters, a base metals refineryand a precious metals refinery.Concentrating, smelting and refiningof the output are undertaken atRustenburg Platinum Mines’ (RPM)metallurgical facilities.Platinum’s 100%-owned miningoperations currently consist of thefive mines at Rustenburg Section –Khomanani, Bathopele, Siphumelele,Thembelani and Khuseleka;Amandelbult Section’s two mines,Tumela and Dishaba; as well asMogalakwena and Twickenhammines. Union mine is 85% held, with ablack economic empowerment (BEE)partner, the Bakgatla-Ba-Kgafelatraditional community, holdingthe remainder. The Unki mine inZimbabwe is currently wholly ownedpending the implementation ofthe state’s recently approvedindigenisation plan.Platinum also has 50:50 joint ventureswith a BEE consortium, led by AfricanRainbow Minerals, at Modikwaplatinum mine; and with XK PlatinumPartnership in respect of the Mototolomine. In addition, Platinum has 50:50pooling and sharing agreementswith Aquarius Platinum covering theshallow reserves of the Kroondal andMarikana mines. The companyowns 49% of Bokoni mine andholds, through RPM, 27% of AtlatsaResources. Platinum is in partnershipwith Royal Bafokeng Resources,and has a 33% shareholding in thecombined Bafokeng-Rasimoneplatinum mine (BRPM) and Styldriftproperties. Platinum, through RPM,holds 12.6% of RB Plats’ issuedshare capital.Anglo American plc Fact Book 2012/1392

PLATINUM BUSINESS OVERVIEWOUR PLATINUMOPERATIONSKeyOperation OwnershipBafokeng-Rasimone JVBokoni Platinum MineModikwa JVPandora JVPolokwane SmelterMogalakwena MinePrecious Metal RefineryRustenburg Base Metals RefineryRPM Rustenburg SectionKhomanani MineBathopele MineSiphumelele MineThembelani MineKhuseleka MineRPM Amandelbult SectionTumela MineDishaba MineUnion North MineUnion South MineTwickenham MineMototolo JVKroondalMarikana JVUnkiDer Brochen33%49%50%42.5%100%100%100%100%100%Open PolokwanePolokwane SmelterBushveld ComplexProject (JV)Boikgantsho ProjectOperation (100% owned)Mogalakwena MineOperation (JV)LIMPOPOProject (100% owned)Process (100% owned)MokopaneBokoni Platinum MineMortimer SmelterGa-Phasha ProjectDishaba MineTwickenham Platinum MineTumela MineModikwa Platinum MineUnion MineMototolo Platinum MineMagazynskraal ProjectDer Brochen MineZandspruit AgreementSheba’s Ridge ProjectBRPMThembelani MineKhomanani MineSiphumelele MinePandora JVNORTHWESTPrecious Metals RefinersRustenburg Base Metal refinersWaterval SmelterPretoriaWitbankMarikana Platinum MineKroondal Platinum MineBathopele MineKhuseleka MineGAUTENGMPUMALANGAJohannesburgAnglo American plc Fact Book 2012/1393

PLATINUM INDUSTRY OVERVIEWINDUSTRYOVERVIEWOur Platinum business is the majorfunder and supporter of the PlatinumGuild International (PGI), which playsa key role in encouraging demand forplatinum and in establishing newplatinum jewellery markets. Since2000, China has been the leadingplatinum jewellery market, followedby Japan, North America and Europe.Platinum price2,00025,0001,80020,0001,600 (oz)15,000Rand (oz)PGMs have a wide range of industrialand high technology applications.Demand for platinum is drivenprimarily by its use in autocatalyststo control emissions from bothgasoline and diesel engine vehicles,and in jewellery. These uses areresponsible for nearly 70% of totalnet platinum consumption. PGMs,however, have a wide range of otherapplications, predominantly in thechemical, electronic, medical, glassand petroleum industries.1,40010,0001,2001,000800H1 2011 marketprice: 1,792/ozH1 2011 achievedbasket price:R20,194/ozJan 11Rand Pt. basketSource: Anglo AmericanH2 2011 marketprice: 1,650/ozH2 2011 achievedbasket price:R19,061/ozJun 11PlatinumH1 2012 marketprice: 1,558/ozH1 2012 achievedbasket price:R20,086/ozDec 11H2 2012 marketprice: 1,551/ozH2 2012 achievedbasket price:R19,504/ozJun 125,0000Dec 12Industrial applications for platinumare driven by technology and,especially in the case of autocatalysts,by legislation. With the rapid spread ofexhaust emissions legislation, morethan 94% of new vehicles now haveautocatalysts fitted. The intensifyingstringency of emissions legislationwill drive growth in PGM demand.Palladium’s principal application,accounting for some 67% of demand,is in autocatalysts, particularly ingasoline vehicles. The metal is alsoused in electronic components, dentalalloys and jewellery metal.Rhodium is an important metal inautocatalytic activity, which accountsfor nearly 80% of net demand.Anglo American plc Fact Book 2012/1394

PLATINUM MARKET INFORMATIONMARKETINFORMATIONLeading platinum consumers’000 ozLeading platinum supplyby countryGross platinum demandby applicationEuropeSouth Africa2008’000 oz’000 oz1,9254,250JapanRussia1,195790North AmericaNorth America3401,235China2,300Rest of World1,415Source: Johnson Matthey Interim Review 20122012 Share of worldplatinum production’000 ozTotal 5,85520092010Zimbabwe360Rest of World100Source: Johnson Matthey Interim Review ctricalGlassinvestmentIncorporating:Medical and BiomedicalPetroleumOtherSource: Johnson Matthey Interim Review 20129,000Anglo American Platinum 2,379 41%Rest of the world3,476 59%Source: Anglo American PlatinumAnglo American plc Fact Book 2012/1395

PLATINUM MARKET INFORMATIONMARKETINFORMATION continued2012 Platinum end use(Gross demand)%Autocatalyst 38.0%Jewellery 33.8%Investment 6.1%Industrial 22.1%Source: Johnson Matthey 2012 Interim Review2012 Share of worldpalladium production’000 ozTotal 6,540Anglo American Platinum 1,396 21%Rest of the world5,144 79%Source: Anglo American Platinum2012 Rhodium end use(Gross demand)%Autocatalyst 80.0%Glass 3.8%Chemical 8.6%Other 7.6%Source: Johnson Matthey 2012 Interim Review2012 Palladium end use(Gross demand)%Autocatalyst 66.6%Jewellery 4.6%Investment 4.0%Industrial 24.8%Source: Johnson Matthey 2012 Interim ReviewAnglo American plc Fact Book 2012/1396

PLATINUM STRATEGYSTRATEGYIn reformulating its strategy,Platinum has reviewed the businessacross the entire value chain toaddress structural challenges thathave eroded profitability over timewith the intention of creating a safe,sustainable, competitive and profitableplatinum business for the long termbenefit of all its stakeholders.This will be achieved through thealignment of baseline productionwith long term demand expectations,focusing on a high quality portfolioof operations to produce PGMs onan economically sustainable basis.An organisational design has beendeveloped to ensure that theoperations are supported by anappropriate level of overhead, whilethe commercial strategy aims toensure value and stability for Platinumand customers, while promoting newPGM applications. Operationally, thebusiness intends to increase exposureto lower risk, higher margin, lesscapital intensive mines, supporting asignificant reduction in the cost baseand a more efficient allocation ofcapital. Flexibility for long termgrowth options will nevertheless beretained, ensuring Platinum is wellpositioned should demand increaseabove expectation.Platinum continues to take its socialresponsibility seriously, particularlyto its employees and surroundingcommunities. The implementationof the strategy aims to deliver a stable,competitive and profitable businessthat will be best placed to sustain andcreate employment over the long term.Anglo American plc Fact Book 2012/1397

PLATINUM INCEPROJECT PIPELINE –KEY PROJECTSJohannesburgJohannesburgLIMPOPO enhamCountrySouth AfricaOwnership100% Anglo American PlatinumReplacement production180 kozpa refined platinumFull project capex 2bnFull production2021Overall capex: 2bnThe current macroeconomic environment has resulted in AngloAmerican Platinum having to review its capital expenditure overNORTHthe next three-year period. As a result, Twickenham Platinum MineJohannesburgWESTproject will defer its current ramp-up schedule and enter into aPROVINCEperiod whereby it is required to stay in business as an operatingmine without the support of significant capital funding for the nextUTENGthree years.MPUMALANGALIMPOPO PROVINCEDevelopment to support the mining scope will be confined to critical‘fit for purpose’ infrastructure. During this period, Twickenham’sdevelopment ore will be toll-treated by neighbouring mines.JohannesburgAdditional study work to improve the mine’s business case will becarried out during 2013.JohannesburgMokopaneBathopele Platinum Mine phase 4CountrySouth AfricaOwnership100% Anglo American PlatinumIncremental production65 kozpa refined platinumFull project capex 1bnFull production2013JohannesburgOverall capex: 1bnBathopele Mine is situated in the North West province of SouthAfrica, near the town of Rustenburg and within the Western Limbof the Bushveld Complex. The mine operates under a mining rightcovering a total area of 17 km2. Bathopele currently consists of2 declines; namely, East and Central which have been establishedto exploit the UG2 reserves at 280,000 tpm. Phase 4 is an orereplacement project and a natural progression of the previousUTENGphases (1 to 3) and employs a proven mine method. It is a fullymechanised operation that mines the UG2 horizon exclusively. Twotypes of mechanised equipment are utilised namely Low Profile(LP) and Extra Low Profile (XLP) equipment. The mining layoutapplied in the LP section is bord and pillar and in the XLP section,breast mining layout is applied. The project commenced in 2008 andplans to reach steady state in ruUNKIOverallcapex: 1bnPROJECTBathopele Platinum Mine phase 5CountrySouth AfricaOwnership100% Anglo American PlatinumReplacement production139 kozpa refined platinumFull project capex 1bnFull production2017Bathopele Mine is situated in the North West province of South Africa,near the town of Rustenburg and within the Western Limb of theBushveld Complex. The mine operates under a mining rightcovering a total area of 17 km2. Bathopele currently consists of2 declines; namely, East and Central which have been establishedto exploit the UG2 reserves at 280,000 tpm. Phase 5 is an orereplacement project and a natural progression of the previousphases (1 to 4) and employs a proven mine method. It is a fullymechanised operation that mines the UG2 horizon exclusively. Twotypes of mechanised equipment are utilised namely Low Profile(LP) and Extra Low Profile (XLP) equipment. The mining layoutapplied in the LP section is bord and pillar and in the XLP section,breast mining layout is applied. The project was approved forimplementation in December 2011 and plans to reach steady statein 2017. The scope of the project includes exploitation of UG2 toBathopele Mine’s boundaries by way of extension to the existingCentral and East Shafts and makes provision for a new sub-outcropdecline (West Shaft) which is configured per existing declines andconnected to Central Shaft by way of an upgraded ORTHWESTPROVINCEJohannesburgJohannesburgAnglo American plc Fact Book 2012/13Gweru98

PLATINUM PRODUCTION DATAPRODUCTIONDATATotal Refined ProductionRefined pperunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 .5349.990.94,751.219.511.2Bathopele mine100% ownedRefined pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined Khomanani mine100% ownedRefined pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined 0102009Thembelani mine100% ownedRefined pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined 213,12679.340.613.02.1155.60.50.213,972Khuseleka mine100% ownedRefined pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined 10.90.513,477Anglo American plc Fact Book 2012/132009157.076.022.05.2293.01.00.513,11899

PLATINUM PRODUCTION DATAPRODUCTIONDATA continuedSiphumelele mine100% ownedRefined pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined a mine100% ownedRefined pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined 45Dishaba mine100% ownedRefined pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined Union mine85% owned from 1 December 2006 (100% statistics shown)Refined pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined 268Union North mine85% owned (100% statistics shown)Refined pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined 16.61.3184.80.20.113,795Union South mine85% owned (100% statistics shown)Refined pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined .730.52.1330.70.40.212,963Anglo American plc Fact Book 2012/13100

PLATINUM PRODUCTION DATAPRODUCTIONDATA continuedMogalakwena mine100% ownedRefined pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined 5.811,710Unki Mine (Zimbabwe)100% ownedRefined pperCash operating 94.990.10.80.915,08720102009000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined �–––––––––Twickenham platinum mine project100% ownedRefined pperCash operating costs000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined �21,662Modikwa platinum mine50:50 JV with Aquarius Platinum (South Africa)Refined pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined ,740Kroondal platinum mine pooling-and-sharing agreement50:50 JV with Aquarius Platinum (South Africa)Refined production (mined and pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined .43720102009Marikana platinum mine pooling-and-sharing agreement50:50 JV with Aquarius Platinum (South Africa)Refined production (mined and pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined 3Anglo American plc Fact Book 2012/1338.216.76.60.471.30.1–11,037101

PLATINUM PRODUCTION DATAPRODUCTIONDATA continuedMototolo platinum mine50:50 JV with XK Platinum PartnershipRefined production (mined and pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined 0102009Western limb tailings retreatment100% ownedRefined pperCash operating costsunit000 oz000 oz000 oz000 oz000 oz000 tonnes000 tonnesR/oz equivalent refined nglo American plc Fact Book 2012/1332.410.41.83.850.90.20.29,621102

PLATINUM ORE RESERVES AND MINERAL RESOURCESPLATINUMOre Reserve and Mineral Resource estimates as at 31 December 2012PLATINUMThe Ore Reserve and Mineral Resource estimates were compiled in compliance with The South African Code for the Reporting of Exploration Results,Mineral Resources and Mineral Reserves (The SAMREC Code, 2007 Edition as amended July 2009). Operations and Projects outside South Africa werecompiled in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code, 2004) as aminimum standard. Details of the individual operations appear in Anglo American Platinum’s Annual Report. Merensky Reef and UG2 Reef Mineral Resourcesare reported over an economic and mineable cut appropriate to the specific reef. The figures reported represent 100% of the Mineral Resources and OreReserves attributable to Anglo American Platinum Limited unless otherwise noted. Rounding of figures may cause computational discrepancies.The Mineral Resource and Ore Reserve tables reflect estimates prior to the strategic announcement in January 2013. Changes associated with the strategicreview will most probably result in a reallocation of reported Ore Reserves to Mineral Resources in the Rustenburg and Union areas and the impact thereof willonly be reflected in the 2013 Annual Report.Anglo American plc’s interest in Anglo American Platinum Limited is 79.9%.Platinum – South Africa OperationsORE RESERVESClassificationMerensky Reef(4)(5)UG2 Reef(4)(6)Platreef(7)All TotalProvedProved primary ore vedProbableTotalPlatinum – Zimbabwe OperationsORE RESERVESClassificationMain Sulphide Zone(11) (12) (13)ProvedProbableTotalTonnes(1)Grade(2)Contained Metal(3)Contained Metal(3)20122011201220112012201120122011MtMt4E PGE4E PGE4E tonnes4E tonnes4E Moz4E 323.273.30–1.021.02Tonnes .216.2Contained .467.7112.263.9176.1–0.50.5Contained Metal(3)20122011201220112012201120122011MtMt4E PGE4E PGE4E tonnes4E tonnes4E Moz4E es: Quoted as dry metric tonnes.Grade: 4E PGE is the sum of Platinum, Palladium, Rhodium and Gold grades in grammes per tonne (g/t). The reported grades are as delivered for treatment.Concentrator recoveries for Merensky Reef range from 84% to 89%, UG2 Reef from 82% to 87%, Platreef from 64% to 74% and Main Sulphide Zone from 70% to 78%.(3)Contained Metal: Contained Metal is presented in metric tonnes and million troy ounces (Moz).(4) Merensky Reef and UG2 Reef: The pay limits built into the basic mining equation are directly linked to the 2013 Business plan prior to the strategic review announcement made in January2013. The pay limit is based on Cost 4, which consists of ‘Direct Cash Cost’ (on and off mine), ‘Other Indirect Costs’ and ‘Stay in Business Capital’ (on and off mine). The reserve pay-limit variesacross all operations between 2.0g/t and 5.6g/t (4E PGE). The range is a function of various factors including depth of the ore body, geological complexity, infrastructure and economicparameters.(5) Merensky Reef: The global Ore Reserve tonnage and 4E ounce content decreased, mainly in response to economic assumptions resulting in reallocation of Ore Reserves to Mineral Resourcesat Tumela Mine and Siphumelele 1 Mine. These decreases were partially offset by the increase in Ore Reserves mainly from Khuseleka Mine and Union South Mine where additional MineralResources have been converted to Ore Reserves. The global Ore Reserve grade decreased following the increase of the minimum resource cut from 90cm to 110cm due to improved rocksupport measures.(6) UG2 Reef: The global Ore Reserve tonnage and 4E ounce content decreased largely due to economic assumptions and the resulting reallocation of Ore Reserves to Mineral Resources atTumela Mine, Twickenham Mine and Siphumelele 2 Mine. These decreases were partially offset by the increase in Ore Reserves from Union South Mine, Siphumelele 1 Mine, Kroondal Mine,Marikana Mine and Modikwa Mine where Mineral Resources have been converted to Ore Reserves. The global Ore Reserve grade decreased following the increase of the minimum resourcecut from 90cm to 110cm due to an improved rock support measures.(7) Platreef: The Ore Reserves tonnage and 4E ounce content increased as a result of a revised pit design. Geotechnical study will commence in 2013 to validate the optimum pit design andincreased mining depth. For Mogalakwena North, Central and South the 4E pay limit is 1.0 g/t. For Sandsloot and Zwartfontein South the pay limit is 1.7 g/t.(8)Platreef stockpiles: Mined ore retained for future treatment. These are reported separately as Proved Ore Reserves and aggregated into the summation tabulations.(9)Alternative units – All Reefs Total: Tonnage in million short tons (Mton) and associated grade in troy ounces per short ton (oz/ton) for 2012 is:Total – 1,774.3 Mton (2011: 1,630.4 Mton)Total – 0.096 oz/ton (2011: 0.108 oz/ton)(10) Tailings: Operating tailings dams are not evaluated and therefore not reported as part of the Ore Reserves. At Rustenburg mines and at Union mines dormant tailings dams have been evaluatedand are separately reported as tailings Ore Reserves.(11) Main Sulphide Zone: The Ore Reserve tonnage and 4E ounce content increased after the conversion of Mineral Resources to Ore Reserves, which followed an increase in resource confidencebased on new drilling information.(12) Main Sulphide Zone: Anglo American Platinum currently has an effective 100% interest in Unki Mine, subject to the finalisation of the indigenisation agreement.(13)Alternative units – Main Sulphide Zone: Tonnage in million short tons (Mton) and associated grade in troy ounces per short ton (oz/ton) for 2012 is:Total – 59.2 Mton (2011: 42.6 Mton)Total – 0.110 oz/ton (2011: 0.110 oz/ton)(1)(2)Anglo American plc Fact Book 2012/13103

PLATINUM ORE RESERVES AND MINERAL RESOURCESPLATINUMOre Reserve and Mineral Resource estimates as at 31 December 2012Platinum – South Africa OperationsMINERAL RESOURCESClassificationMerensky Reef(4)(5)UG2 Reef(4)(6)Platreef(7)All ReefsTailings(9)MeasuredIndicatedMeasured and IndicatedInferred (in LOM Plan)Inferred (ex. LOM Plan)Total InferredMeasuredIndicatedMeasured and IndicatedInferred (in LOM Plan)Inferred (ex. LOM Plan)Total InferredMeasuredIndicatedMeasured and IndicatedInferred (in LOM Plan)Inferred (ex. LOM Plan)Total InferredMeasuredIndicatedMeasured and Indicated (8)Inferred (in LOM Plan)Inferred (ex. LOM Plan)Total InferredMeasuredIndicatedMeasured and IndicatedInferred (in LOM Plan)Inferred (ex. LOM Plan)Total InferredTonnes (1)Grade(2)Contained Metal(3)Contained Metal(3)20122011201220112012201120122011MtMt4E PGE4E PGE4E tonnes4E tonnes4E Moz4E 88.63,897

with Aquarius Platinum covering the shallow reserves of the Kroondal and Marikana mines. The company owns 49% of Bokoni mine and holds, through RPM, 27% of Atlatsa Resources. Platinum is in partnership with Royal Bafokeng Resources, and has a 33% shareholding in the combined Bafokeng-Rasimone platinum mine (BRPM) and Styldrift properties.

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