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Performance against KPIs

Investment of choice

Selected major projects

Completed in 2008
Sector Project Country Completion date Capex
$m(1)
Production volume(2)
Base Metals Collahuasi debottlenecking Chile Q4 2008 66 31 ktpa copper(3)
Diamonds Victor Canada Q3 2008 834 0.6 million carats pa
  Snap Lake Canada Q4 2008 796 1.6 million carats pa
  Voorspoed South Africa Q4 2008 185 0.7 million carats pa
Coal Dawson Australia Q4 2008 839 5.7 Mtpa coking, semi-soft and thermal
Approved
Sector Project Country First
production
date
Full
production
date
Capex
$m(1)
Production volume(2)
Platinum(4) Marikana JV South Africa Q1 2006 Q1 2009 36 145 kozpa refined platinum
  Mototolo JV South Africa Q4 2006 Q2 2009 200 130 kozpa refined platinum
  Amandelbult East Upper UG2 South Africa Q3 2007 Q4 2012 224 100 kozpa refined platinum
  Mogalakwena North expansion(5) South Africa Q4 2007 Q2 2010 692 230 kozpa refined platinum
  Mogalakwena North replacement(5) South Africa Q4 2007 Q2 2010 230 Replace 200 kozpa refined platinum
  Townlands ore replacement South Africa Q4 2007 Q4 2015 139 Replace 70 kozpa refined platinum
  Lebowa Brakfontein Merensky South Africa Q2 2008 Q1 2011 179 Replace 108 kozpa refined platinum
  Base metals refinery expansion South Africa Q3 2009 Q3 2010 279 11 ktpa nickel
  MC plant capacity expansion – phase 1 South Africa Q3 2009 Q3 2009 80 11 ktpa waterval converter matte
  Mainstream inert grind projects South Africa Q4 2009 Q3 2010 188 Improve process recoveries
  Slag cleaning furnace 2 South Africa Q4 2009 Q4 2010 134 650 tpd increased slag cleaning capacity
  Paardekraal South Africa Q2 2010 Q2 2015 316 Replace 120 kozpa refined platinum
  Twickenham South Africa Q4 2011 Q4 2016 800 180 kozpa refined platinum
  Amandelbult No 4 Shaft project South Africa Q1 2012 Q1 2019 1,602 Replace 271 kozpa refined platinum
  Styldrift Merensky phase 1 South Africa Q2 2017 Q2 2018 1,621 245 kozpa refined platinum
Base Metals Barro Alto Brazil Q1 2011 Q3 2012 1,600-1,800 36 ktpa nickel
  Los Bronces expansion Chile Q4 2011 Q4 2012 2,200-2,500 173 ktpa copper(3) (6)
Ferrous Metals Sishen expansion South Africa Q4 2007 Q4 2009 588 13.0 Mtpa iron ore
  Minas-Rio phase 1 Brazil Q2 2012 Q3 2013 3,627 26.5 Mtpa iron ore pellet feed (wet basis)
  Sishen South South Africa H1 2012 Q1 2013 924 9.0 Mtpa iron ore
Coal Cerrejón Colombia Q1 2007 Q1 2009 134 3.0 Mtpa (2nd stage) thermal
  Lake Lindsay Australia Q4 2007 Q1 2009 726 4.0 Mtpa coking and semi-soft
  Mafube South Africa Q4 2007 Q2 2008 214 5.4 Mtpa thermal
  MacWest South Africa Q3 2008 Q1 2009 49 2.7 Mtpa thermal
  Zondagsfontein South Africa Q2 2009 Q4 2010 473 6.6 Mtpa thermal
Future unapproved
Sector Project Country First
production
date
Full
production
date
Capex
$m
Production volume(2)
Base Metals Collahuasi expansion phase 1 Chile 2010 2011 450 485 ktpa copper(3) (8)
  Goias II Brazil 2013 2014 1,915 Fertiliser(7)
  Quellaveco Peru 2014 2016 2,500-3,000 225 ktpa copper(3)
  Jacaré phase 1 Brazil 2015 2017 2,200 40 ktpa nickel
  Morro Sem Bone Brazil 2016 2018 1,670 32 ktpa nickel
  Gamsberg South Africa 2016 2018 1,930 400 ktpa zinc
  Michiquillay Peru TBD TBD TBD 300 ktpa copper(3)
  Pebble United States TBD TBD TBD 350 ktpa copper(3)
Ferrous Metals Sishen Expansion Project phase 1B South Africa 2010 2010 60 0.4 Mtpa iron ore
  Sishen Expansion Project 2 South Africa 2013 2014 1,180 10.0 Mtpa iron ore
  Sishen C Grade South Africa 2013 2014 TBD 10.0 Mtpa iron ore
  Sishen Pellet South Africa 2014 2015 590 2.0 Mtpa iron ore pellets
  Minas-Rio phase 2 Brazil TBD TBD TBD 26.5 Mtpa pellet feed (wet basis)
Coal Heidelberg opencast South Africa 2010 2010 30 0.9 Mtpa thermal
  Elders opencast South Africa 2011 2011 475 6.4 Mtpa thermal
  Elders underground South Africa 2011 2012 225 3.2 Mtpa thermal
  Cerrejón P40 Colombia 2012 2014 1,065 8.0 Mtpa thermal
  New Largo South Africa 2012 2015 660 14.7 Mtpa thermal
  Heidelberg underground South Africa 2013 2014 290 4.2 Mtpa thermal

The Group has a number of other projects under evaluation, including Der Brochen, Waterval phase 5, Frank ore replacement UG2, Turffontein ore replacement UG2, Union deep shaft project, BRPM phase 3 UG2 and MR north shaft, Pandora JV and Ga-Phasha JV in Platinum, Cerrejón P50 in Coal and Gahcho Kué in Diamonds.

(1)
Capital expenditure shown on 100% basis in nominal terms. Platinum projects reflect approved capex.
(2)
Represents 100% of average incremental or replacement production, at full production, unless otherwise stated.
(3)
Pebble will produce molybdenum and gold by-products, Michiquillay will produce molybdenum, gold and silver by-products and other projects will produced molybdenum and silver by-products.
(4)
Anglo Platinum has rescheduled the timing of projects to match the 2009 production volume of 2.4 million ounces and project expenditure level of $600 million. The impact of this rescheduling beyond 2009 is currently under review.
(5)
Mogalakwena was formerly known as PPRust.
(6)
Production represents average over the first ten years of the project.
(7)
Incremental production of 70 ktpa DCP, 88 ktpa low analysis fertiliser and 414 ktpa high analysis fertiliser. The project will also produce sulphuric acid, phosphoric acid and niobium.
(8)
Total production of mine when project has ramped up to full production. Further phase expansions have the potential to increase production to 1 Mtpa.

Ferrous Metals projects, shown in the table above on a nominal basis, were expressed in real terms in the half year financial report. Had they been expressed in nominal terms the capex forecasts would have been:

Approved   At 30 June 2008  
Project Capex (real) $m Capex (nominal) $m
Sishen Expansion 754 797
Minas-Rio phase 1 3,456 3,543
Sishen South 782 1,017
Future unapproved   At 30 June 2008  
Project Capex (real) $m Capex (nominal) $m
Sishen Expansion Project 2 775 819
Sishen Pellet 338 359

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