OPERATING GOLD MINES AND RECOVERY PLANTS IN THE REPUBLIC OF SOUTH AFRICA 2008

Transcription

1 DIRECTORY D3/2008 OPERATING GOLD MINES AND RECOVERY PLANTS IN THE REPUBLIC OF SOUTH AFRICA 2008 DIRECTORATE: MINERAL ECONOMICS

2 DIRECTORY D3/2008 OPERATING GOLD MINES AND RECOVERY PLANTS IN THE REPUBLIC OF SOUTH AFRICA 2008 DIRECTORATE: MINERAL ECONOMICS Compiled by: Alex Conradie Issued by and obtainable from The Director, Mineral Economics, Mineralia Centre, 234 Visagie Street, Pretoria Private Bag X59, Pretoria 0001 Telephone: , Telefax:

3 DEPARTMENT OF MINERALS AND ENERGY Director-General Adv. S Nogxina MINERAL POLICY AND PROMOTION BRANCH Deputy Director-General Ms. N P Zikalala MINERAL PROMOTION CHIEF DIRECTORATE Chief Director Mr. S Sikhosana DIRECTORATE: MINERAL ECONOMICS Director Mr. M B Mabuza Deputy Director: Precious Metals and Minerals and Ferrous Minerals Mr. T R Masetlana FIRST PUBLISHED IN APRIL 1984 THIS, THE TWELFTH REVISED EDITION, PUBLISHED IN MARCH 2008 WHEREAS THE GREATEST CARE HAS BEEN TAKEN IN THE COMPILATION OF THE CONTENTS OF THIS PUBLICATION, THE DEPARTMENT OF MINERALS AND ENERGY DOES NOT HOLD ITSELF RESPONSIBLE FOR ANY ERRORS OR OMISSIONS ISBN: COPYRIGHT RESERVED

4 FOREWORD This twelfth edition of the Gold Directory, like its predecessors, is intended to provide a complete coverage of the gold mining industry in South Africa. An overview of gold occurrences with a locality map is presented, followed by an account of South Africa's position in terms of world gold production, current production within the Republic and an outline of the structure of the gold mining industry. The main body of the Directory consists of an alphabetical list of the operating companies, and includes details of factors such as production, mineral reserves and financial results. Information contained in the Directory was obtained from Mineral Economics Directorate statistics and company financial reports. It is hoped that this compilation will provide a useful reference for all industry participants as well as prospective investors. M B Mabuza Director i

5 TABLE OF CONTENTS Page FOREWORD ABBREVIATIONS AND SYMBOLS i iii A. THE OCCURRENCE AND PRODUCTION OF GOLD IN SOUTH AFRICA 1 1. INTRODUCTION 1 2. OCCURRENCES 1 3. PRODUCTION 3 B. CORPORATE STRUCTURE OF THE SOUTH AFRICAN GOLD MINING INDUSTRY 7 C. GOLD MINES AND RECOVERY PLANTS 10 D. BY-PRODUCT GOLD PRODUCERS 30 E. INDEX 47 F. REFERENCES 49 TABLES 1. WORLD GOLD RESOURCES, SOUTH AFRICA'S GOLD PRODUCTION AND TOTAL SALES VALUE, ILLUSTRATIONS Figure 1. THE WITWATERSRAND BASIN, SHOWING THE POSITION OF THE DIFFERENT GOLD FIELDS 2 2. WORLD GOLD PRODUCTION, GOLD PRODUCERS OUTSIDE THE WITWATERSRAND BASIN 5 ii

6 ABBREVIATIONS AND SYMBOLS A$ - Australian Dollar $ - US Dollar - Pounds Sterling g/t - gram per ton kg - kilogram kt - kiloton Mt - megaton (million tons) na - not available R - rand (RSA currency) t - metric ton iii

7 A. THE OCCURRENCE AND PRODUCTION OF GOLD IN SOUTH AFRICA 1. INTRODUCTION Gold s attractive colour, bright lustre, and high malleability and durability, (to the point of indestructibility) has endeared it to man throughout history. In the ancient times, gold was mined extensively in southern Africa, but apparently only to a limited extent within South Africa. The first recorded discovery of gold in South Africa during the modern era, occurred on the farm Eersteling, near Polokwane, in the Limpopo Province, during This was closely followed by findings in Mpumalanga Province, at Pilgrims Rest (1872), Kaapse Hoop (1874) and Barberton (1882). The discovery of gold in conglomerates on the farm Langlaagte, on the Witwatersrand, in 1886, led to the exploitation of the largest gold deposits the World has known to date. Mining on extensions of these conglomerates, particularly those belonging to the Main Reef zone, spread rapidly in the Central Rand, West Rand and East Rand gold fields. In time, discoveries of even more fabulous reefs were made further afield within the Witwatersrand Basin, resulting in the opening up of the West Wits, Klerksdorp, Free State and Evander gold fields (Fig. 1). 2. OCCURRENCES By far the most important occurrences of gold in South Africa are found within conglomerates in the upper division of the Witwatersrand Supergroup and the basal formation of the overlying Ventersdorp Supergroup. The vast majority of current mining operations are concentrated on gold-bearing rocks of these Supergroups. The Witwatersrand rocks were deposited over a time span of some 190 million years, commencing about million years ago. Currently, seven gold fields are being exploited within the Witwatersrand Basin. They are preserved in structural depressions and downwarps in the Witwatersrand Basin and consist of fans or fan deltas deposited by fluvial systems that accumulated erosional debris from an uplifted northwestern edge, before debouching into an inland sea or lake. Relatively smaller gold deposits occur within greenstones of Archaean age (older than million years), especially in the Barberton Mountain Land and the Murchison Range. Gold is also found in the Transvaal Supergroup (2 000 to million years old), notably in the Black Reef Formation and the Chuniespoort Group. Occurrences are also known in the Cape (300 to 500 million years old) and Karoo (200 to 250 million years old) Supergroups. 1

8 Fig. 1 - THE WITWATERSRAND BASIN, SHOWING THE POSITION OF THE DIFFERENT GOLD FIELDS (Sources: Gold in South Africa, The Mineral Resources of South Africa) 2

9 3. PRODUCTION In 2006, South Africa's known gold resources represented 40 per cent of the world total (Table 1). South Africa's contributions to world mine production in 2006 is illustrated in Figure 2, while the country's gold production and revenue gained from exports and local sales from 1997 to 2006 is reflected in Table 2. Approximately 92,9 per cent of the gold produced in South Africa in 2006 was won from mines exploiting reefs in the Witwatersrand Basin. Retreatment plants, producing gold mainly from residue dumps in the Central Rand and Klerksdorp areas, contributed about 2,4 per cent to total gold production. The remaining 4,0 per cent was sourced, in roughly equal amounts, from gold mines outside the Witwatersrand, and as a by-product from platinum-group metal mines, uranium mines and several base metal mines (Fig. 3). After smelting, which takes place on the larger individual mines, bullion bars containing about 85 per cent gold, 9 per cent silver and 4 to 5 per cent base metals, are taken to the Rand Refinery near and processed to either 99,5 per cent purity or 99,9 per cent purity to meet specialised demands from certain industries. The Rand Refinery then sells the refined gold to its customers on behalf of the gold-producing companies. Rand Refinery has as its customer base the major accredited international bullion banks and acts as the sales agent for the gold producers. TABLE 1 WORLD GOLD RESOURCES, 2006 COUNTRY RESERVE BASE t % Rank South Africa ,1 1 Australia ,7 2 China ,6 3 Peru ,6 3 USA ,1 5 Canada ,9 6 Russia ,9 6 Indonesia ,1 8 Other ,0 - TOTAL Source: USGS,

10 Fig. 2 - WORLD GOLD PRODUCTION, 2006 South Africa 11.1% Other 34.3% USA 10.3% China 10.1% Canada 4.2% Indonesia 4.7% Russia 7.0% Peru 8.3% Australia 10.0% Source: Klapwijk, et al,

11 NUMBER MINE NAME 1 Fairview 2 Kalgold 3 Klipwal 4 Lily 5 New Consort 6 Sheba 7 Transvaal Gold Mining Estates Fig. 3 - GOLD PRODUCERS OUTSIDE THE WITWATERSRAND BASIN 5

12 TABLE 2 SOUTH AFRICA S GOLD PRODUCTION AND TOTAL SALES VALUE, YEAR PRODUCTION (t) TOTAL SALES VALUE (R 000) , , , , , , , , , , Source: Department of Minerals and Energy 6

13 B. CORPORATE STRUCTURE OF THE SOUTH AFRICAN GOLD MINING INDUSTRY MARCH 2008 ANGLOGOLD ASHANTI LTD Great Noligwa Vaal River Operations Kopanang Moab Khotsong Tau Lekoa Mponeng West Wits Operations Savuka TauTona BARBERTON MINES (PTY) LTD Fairview New Consort Sheba BOSVELD MINES (PTY) LTD Klipwal DRDGOLD SOUTH AFRICAN OPERATIONS (PTY) LTD Blyvooruitzicht Crown Section ERPM Section EASTERN GOLDFIELDS LTD Lily 7

14 GOLD FIELDS LTD Beatrix Driefontein Kloof South Deep GOLDPLAT RECOVERY (PTY) LTD Goldplat Recovery HARMONY GOLD MINING COMPANY LTD Elandskraal Evander Freegold Free State Operations Kalgold Randfontein Target MANHATTAN CORPORATION (PTY) LTD Gravelotte MINTAILS SA (PTY) LTD HVH Gold Mogale 8

15 PAMODZI GOLD LTD Orkney Consolidated Modderfontein Pamodzi Gold East Rand (Pty) Ltd Grootvlei Nigel Pamodzi Gold West Rand (Pty) Ltd Middelvlei President Steyn RAPPA HOLDINGS (PTY) LTD Waste Product Utilisation SIMMER AND JACK MINES, LTD Buffelsfontein Transvaal Gold Mining Estates 9

16 C. GOLD MINES AND RECOVERY PLANTS 1. ANGLOGOLD ASHANTI LIMITED 76 Jeppe Street Newtown PO Box Marshalltown, 2107 Telephone: Facsimile: E - mail: investors@anglogoldashanti.com Website: Control: Anglo American plc (17,3 per cent) Financial Year: Ends 31 December SOUTH AFRICAN PRODUCTION UNITS IN THE COMPANY Vaal River Operations: (Klerksdorp Gold Field) (Mine code: 0670) Great Noligwa Kopanang Moab Khotsong Tau Lekoa West Wits Operations: (West Wits Line Gold Field) (Mine code: 0713) Mponeng Savuka TauTona 10

17 Financial year TOTAL ATTRIBUTABLE PRODUCTION Tonnes treated Gold (kt) (kg) Yield (g/t) , , , , ,31 Financial year SOUTH AFRICAN PRODUCTION Tonnes treated Gold (kt) (kg) Yield (g/t) 2002* , * , , , ,55 Note: * Includes Ergo 11

18 SOUTH AFRICAN MINERAL RESERVES (Estimated as at 31 December 2006) Tonnes Grade Classification (Mt) (g/t) Gold (t) Proven - Great Noligwa 8,8 7,61 67,0 Probable - Great Noligwa 8,2 7,10 58,2 Proven Kopanang 1,5 8,87 13,3 Probable Kopanang 16,5 8,31 137,1 Proven - Moab Khotsong 0,2 8,93 1,8 Probable - Moab Khotsong 8,2 11,86 97,3 Proven Mponeng 1,8 11,22 20,2 Probable Mponeng 22,3 8,56 190,9 Proven Savuka 0,6 5,96 3,6 Probable Savuka 0,4 5,30 2,1 Proven - Tau Lekoa 2,1 4,75 9,9 Probable - Tau Lekoa 8,1 3,89 31,5 Proven TauTona 0,6 11,40 6,8 Probable TauTona 13,2 11,27 148,8 Probable - Vaal River Surface 104,8 0,57 59,7 Proven Total 15,6 7,86 122,6 Probable Total 181,7 3,99 725,6 FINANCIAL RESULTS FOR SOUTH AFRICAN OPERATIONS (R millions) Gold Year Income Costs Gross Profit Capital Expenditure Na na

19 2. BARBERTON MINES (PTY) LIMITED Viewpoint House Corner of Main Street and Orchard Ave Bordeaux Randburg PO Box 2768 Pinegowrie, 2123 Telephone: Facsimile: E - mail: nicole@paf.co.za Website: Control: Pan African Resources plc (74 per cent), Shanduka Gold (Pty) Limited (26 per cent) Financial Year: Ends 30 June PRODUCTION UNITS IN THE COMPANY Fairview (Barberton Greenstone Belt) (Mine code: 0036) New Consort (Barberton Greenstone Belt) (Mine code: 0180) Sheba (Barberton Greenstone Belt) (Mine code: 0179) PRODUCTION Financial year Tonnes treated (kt) Gold (kg) Yield (g/t) 2003* Na 138 na , , , , , , , ,5 Note: * From 16 June 2003 (effective date of acquisition from Avgold Ltd) 13

20 Classification MINERAL RESERVES (Estimated as at 30 June 2007) Tonnes Grade (kt) (g/t) Gold (kg) Proven 1 077,3 8, Probable 601,8 9, BOSVELD MINES (PTY) LIMITED Klipwal Gold Mine Pongola Private Bag X29 Piet Retief, 2380 Telephone: Facsimile: E - mail: vicb@klipwal.co.za PRODUCTION UNITS IN THE COMPANY Klipwal (Pongola Gold Field) (Mine code: 0063) 4. DRDGOLD SOUTH AFRICAN OPERATIONS (PTY) LIMITED EBSCO House Pendoring Avenue Blackheath Randburg PO Box 390 Maraisburg,

21 Telephone: Facsimile: E - mail: ilja.graulich@za.drdgold.com Website: Control: DRDGOLD Limited (74 per cent), Khumo Gold SPV (Pty) Limited (20 per cent), DRDGOLD SA Employee Trust (6 per cent) Financial Year: Ends 30 June PRODUCTION UNITS IN THE COMPANY Blyvooruitzicht (West Wits Line Gold Field) (Mine code: 0054) Crown Section (Central Rand Gold Field) (Mine code: 3173) ERPM Section (Central Rand Gold Field) (Mine code: 0176) Financial year TOTAL ATTRIBUTABLE PRODUCTION * Tonnes treated Gold (kt) (kg) Yield (g/t) , , , , ,94 Note: * DRDGOLD Ltd 15

22 ATTRIBUTABLE SOUTH AFRICAN PRODUCTION * Tonnes treated Gold Financial year (kt) (kg) Yield (g/t) , , , , ,70 Note: * DRDGOLD Ltd ATTRIBUTABLE SOUTH AFRICAN MINERAL RESERVES * (Estimated as at 30 June 2007) Tonnes Grade Classification (Mt) (g/t) Gold (t) Proven - Blyvooruitzicht 29,728 3,58 106,425 Probable - Blyvooruitzicht 10,051 5,26 52,835 Proven Crown 11,135 0,50 5,599 Probable Crown 12,426 0,58 7,220 Proven ERPM 11,551 1,21 13,952 Probable ERPM 0,968 7,11 6,885 Proven Total 52,414 2,40 125,976 Probable Total 23,445 2,86 66,940 Note: * DRDGOLD Ltd FINANCIAL RESULTS FOR SOUTH AFRICAN OPERATIONS (R millions) Year Revenue Cost of Sales Gross Profit Capital Expenditure , ,6 122,4 97,1 2004* 1 541, ,2 (166,1) 101,8 2005* 942, ,6 (222,7) 26, ,6 958,9 11,7 90, , ,1 137,7 139,4 Notes: * Only Blyvooruitzicht and the North West Operations Includes Crown and ERPM, from 1 December 2005, and Blyvooruitzicht ( ) Loss 16

23 5. EASTERN GOLDFIELDS LIMITED 8 Streak Street Nelspruit PO Box 820 Nelspruit, 1200 Telephone: Facsimile: E - mail: info@easterngoldfields.com Website: Control: Eastern Goldfields SA (Pty) Limited (74 per cent), Lomshiyo Investments (Pty) Limited (26 per cent) Financial Year: Ends 31 December PRODUCTION UNITS IN THE COMPANY Lily (Barberton Greenstone Belt) (Mine code: 1443) PRODUCTION Financial year Tonnes treated (kt) Gold (kg) Yield (g/t) ,7 397,5 2, ,3 377,4 2,27 Classification MINERAL RESERVES (Estimated as at 31 December 2006) Tonnes Grade (kt) (g/t) Gold (kg) Proven 90,0 2,58 232,2 Probable 2 090,0 5, ,6 17

24 FINANCIAL RESULTS ($ thousands) Year Gold Sales Operating Costs Gross Profit Capital Expenditure , ,3 396,7 na , , ,9 na 6. GOLD FIELDS LIMITED 24 St Andrews Road Parktown Postnet Suite 252 Private Bag X30500 Houghton, 2041 Telephone: Facsimile: E - mail: williej@goldfields.co.za Website: Financial Year: Ends 30 June SOUTH AFRICAN PRODUCTION UNITS IN THE COMPANY Beatrix (Free State Gold Field) (Mine code: 1178) Driefontein (West Wits Line Gold Field) (Mine code: 0172) Kloof (West Wits Line Gold Field) (Mine code: 0344) South Deep (West Rand Gold Field) (Mine code: 0711) 18

25 Financial year TOTAL ATTRIBUTABLE PRODUCTION Tonnes treated Gold (kt) (kg) Yield (g/t) , , , , ,4 Financial year SOUTH AFRICAN PRODUCTION Tonnes treated Gold (kt) (kg) Yield (g/t) , , , , ,4 SOUTH AFRICAN MINERAL RESERVES (Estimated as at 31 December 2006) Tonnes Grade Classification (Mt) (g/t) Gold (t) Proven Beatrix 15,8 5,4 85,3 Probable Beatrix 31,8 5,6 177,6 Proven Driefontein 21,1 8,4 177,2 Probable Driefontein 59,3 8,2 487,2 Proven Kloof 12,0 10,7 128,4 Probable Kloof 40,8 7,2 292,5 Proven South Deep 11,7 7,3 85,4 Probable South Deep 143,9 6,0 865,7 Proven Total 60,6 7,9 476,3 Probable Total 275,8 6, ,0 19

26 FINANCIAL RESULTS FOR SOUTH AFRICAN OPERATIONS (R millions) Year Revenue Operating Costs Operating Profit Capital Expenditure , , , , , ,6 788,4 877, , ,3 733,5 635, , , , , , , , ,0 7. GOLDPLAT RECOVERY (PTY) LIMITED Daveyton Road Benoni PO Box 40 Benoni, 1500 Telephone: Facsimile: E - mail: info@goldplat.com Website: Control: Goldplat plc Financial Year: Ends 30 June PRODUCTION UNITS IN THE COMPANY Goldplat Recovery (East Rand Gold Field) (Mine code: 1283) 20

27 FINANCIAL RESULTS ( thousands) Year Revenue Cost of Sales Gross Profit Capital Expenditure na 8. HARMONY GOLD MINING COMPANY LIMITED Corporate Office: Randfontein Office Park Corner of Main Reef Road and Ward Avenue Randfontein PO Box 2 Randfontein, 1760 Telephone: Facsimile: E - mail: corporate@harmony.co.za Website: Financial Year: Ends 30 June SOUTH AFRICAN PRODUCTION UNITS IN THE COMPANY Elandskraal (West Wits Line Gold Field) (Mine code: 0192) Evander (Evander Gold Field) (Mine codes: 3765 to 3767) Freegold (Free State Gold Field) (Mine code: 1829) Free State Operations (Free State Gold Field) (Mine code: 0261) Kalgold (Kraaipan Greenstone Belt) (Mine code: 3065) Randfontein (West Rand Gold Field) (Mine code: 0528) Target (Free State Gold Field) (Mine code: 0370) 21

28 Financial year TOTAL ATTRIBUTABLE PRODUCTION Tonnes treated Gold (kt) (kg) Yield (g/t) , , , , ,51 Financial year SOUTH AFRICAN PRODUCTION Tonnes treated Gold (kt) (kg) Yield (g/t) , , , , , , ,70 22

29 SOUTH AFRICAN MINERAL RESERVES (Estimated as at 30 June 2007) Tonnes Grade Classification (Mt) (g/t) Gold (t) Proven Elandsrand 6,4 7,62 48,8 Probable Elandsrand 25,3 8,25 208,6 Proven Evander 4,9 6,67 32,5 Probable Evander 65,9 7,10 468,2 Proven Freegold 206,2 0,72 148,5 Probable Freegold 53,1 6,15 326,3 Proven Free State 9,3 5,52 51,1 Probable Free State 7,7 5,31 41,1 Proven Kalgold 3,7 1,00 3,7 Probable Kalgold 3,9 1,81 7,1 Proven Randfontein 6,9 3,99 27,5 Probable Randfontein 4,3 5,93 25,5 Proven Target 7,9 7,17 56,7 Probable Target 12,1 6,33 76,8 Proven Total 245,3 1,50 368,8 Probable Total 172,3 6, ,6 FINANCIAL RESULTS FOR SOUTH AFRICAN OPERATIONS (R millions) Year Revenue Production Costs Cash Operating Profit Capital Expenditure

30 9. MANHATTAN CORPORATION (PTY) LIMITED 1 Hospital Road Brakpan PO Box 750 Benoni, 1500 Telephone: Facsimile: E - mail: info@manhattancorp.com Website: Financial Year: Ends 28 February PRODUCTION UNITS IN THE COMPANY Gravelotte Mines Limited (East Rand Gold Field) (Mine code: 1369) 10. MINTAILS SA (PTY) LIMITED Lord Charles Office Park 337 Brooklyn Road Brooklyn Pretoria PO Box Menlo Park, 0102 Telephone: Facsimile: E - mail: info@mintails.com 24

31 Website: Control: Mintails Limited (100 per cent) Financial Year: Ends 30 June PRODUCTION UNITS IN THE COMPANY HVH Gold (East Rand Gold Field) (Mine code: 3786) Mogale (West Rand Gold Field) (Mine code: 3577) PRODUCTION Financial year Tonnes treated (kt) Gold (kg) Yield (g/t) ,8 0,31 FINANCIAL RESULTS (A$ millions) Year Revenue Expenses Profit Capital Expenditure ,9 33,7 (16,8) na Note: ( ) Loss 11. PAMODZI GOLD LIMITED Building C Eastgate Office Park South Boulevard Bruma PO Box 670 Bedfordview, 2008 Telephone:

32 Facsimile: E - mail: info@pamodzigold.co.za Website: Financial Year: Ends 31 December PRODUCTION UNITS IN THE COMPANY Consolidated Modderfontein (East Rand Gold Field) (Mine code: 1148) Grootvlei (East Rand Gold Field) (Mine code: 0254) Middelvlei (West Rand Gold Field) (Mine code: 4191) Nigel (East Rand Gold Field) (Mine code: 2937) Orkney (Klerksdorp Gold Field) (Mine code: 3172) President Steyn (Free State Gold Field) (Mine code: 0511) PRODUCTION Financial year Tonnes treated (kt) Gold (kg) Yield (g/t) , , , , ,84 Notes: Bema Gold Corporation acquired the Consolidated Modderfontein, Grootvlei and Nigel mines from Petra Mining Limited effective 14 February On 9 October 2006, through a merger transaction, Pamodzi Gold acquired these mines. 26

33 MINERAL RESERVES (Estimated as at July 2006) Classification Tonnes (Mt) Grade (g/t) Gold (t) Proven - Cons Modder 0,92 4,42 4,06 Probable - Cons Modder 0,35 4,84 1,71 Proven Grootvlei 1,57 4,12 6,46 Probable Grootvlei 0,20 5,30 1,06 Proven Middelvlei 1,20 3,87 4,65 Probable Middelvlei 0,48 2,59 1,24 Proven Nigel 0,35 3,51 1,24 Probable Nigel 0,25 3,43 0,84 Proven Orkney 3,91 6,7 26,20 Probable Orkney 2,84 5,0 14,20 Proven President Steyn * 2,05 5,46 11,19 Probable - President Steyn * 7,55 6,68 50,43 Proven Total 10,00 5,38 53,80 Probable Total 11,67 5,95 69,48 Note: * At 31 December 2006 FINANCIAL RESULTS (R millions) Year Revenue Cost of Sales Gross Profit Capital Expenditure ,5 41,5 (3,0) na Note: ( ) Loss 12. RAPPA HOLDINGS (PTY) LIMITED 1 Homestead Road Knights Germiston 27

34 PO Box Knights, 1413 Telephone: Facsimile: E - mail: wpu@wpu.co.za PRODUCTION UNITS IN THE COMPANY Waste Product Utilisation (Central Rand Gold Field) (Mine code: 3339) 13. SIMMER AND JACK MINES, LIMITED 5 Press Avenue Selby PO Box Southdale, 2135 Telephone: Facsimile: E mail: info@simmers.co.za Website: Financial Year: Ends 31 March PRODUCTION UNITS IN THE COMPANY Buffelsfontein (Klerksdorp Gold Field) (Mine code: 4130) Transvaal Gold Mining Estates (Sabie - Pilgrims Rest Gold Field) (Mine code: 2494) 28

35 PRODUCTION Financial year Tonnes treated (kt) Gold (kg) Yield (g/t) , , , , , , na na 2007 na na MINERAL RESERVES (Estimated as at 31 March 2007) Classification Tonnes Grade Gold (kt) (g/t) (t) Proven & probable Buffelsfontein ,49 150,0 Proven & probable TGME ,74 1,0 Proven & probable Total ,27 151,0 Year Revenue FINANCIAL RESULTS (R millions) Cost of Production Gross Profit Capital Expenditure ,9 44,2 7,7 13, ,3 47,8 (9,5) 13, ,9 37,8 (6,9) 7, ,3 255,5 (55,2) 68, ,9 640,1 (37,2) 338,8 Note: ( ) Loss 29

36 D. BY-PRODUCT GOLD PRODUCERS 1. BAFOKENG-RASIMONE PLATINUM MINE 55 Marshall Street PO Box Marshalltown, 2107 Telephone: Facsimile: E - mail: traymond@angloplat.com Website: Control: Anglo Platinum Limited (50 per cent), Royal Bafokeng Resources Holdings (Pty) Limited (50 per cent) PRODUCTION Gold (kg) 292,4 232,4 249,8 225,9 276,7 Note: Gold is produced as a by-product of platinum-group metal mining in the Rustenburg district of the North-West Province. Mine code: CONSOLIDATED MURCHISON Cradock Heights 21 Cradock Avenue Rosebank 30

37 PO Box 2814 Saxonwold, 2132 Telephone: Facsimile: E - mail: ir@metorexgroup.com Website: Control: Metorex Limited (100 per cent) PRODUCTION Gold (kg) 912,1 819,2 728,0 658,6 578,2 Note: Gold is produced as a by-product of antimony mining in the Letaba district of the Limpopo Province. Mine code: CROCODILE RIVER Platinum Place Turnberry Office Park 48 Grosvenor Road Bryanston Postnet Suite 177 Private Bag X51 Bryanston, 2021 Telephone: Facsimile: E - mail: info@eastplats.com 31

38 Website: Control: Barplats Investments Limited (100 per cent) PRODUCTION Gold (kg) ,0 15,0 Note: Gold is produced as a by-product of platinum-group metal mining in the Brits district of the North-West Province. Mine code: DOMINION REEFS URANIUM MINE Empire Park 55 Empire Rd Parktown Postnet Suite 271 Private Bag Houghton, 2041 Telephone: Facsimile: E - mail: carol.smith@uranium1.com Website: Control: Uranium One Inc. (100 per cent) 32

39 PRODUCTION Gold (kg) ,3 Note: Gold is produced as a by-product of uranium mining in the Klerksdorp district of the North-West Province. Mine code: EVEREST PLATINUM MINE Block A The Great Wall Group Building 5 Skeen Boulevard Bedfordview PO Box 1282 Bedfordview, 2009 Telephone: Facsimile: E - mail: info@aquariussa.co.za Website: Control: Aquarius Platinum (South Africa) (Pty) Limited (100 per cent) PRODUCTION Gold (kg) ,5 Note: Gold is produced as a by-product of platinum-group metal mining in the Lydenburg district of the Mpumalanga Province. Mine code:

40 6. IMPALA PLATINUM MINE 2 Fricker Road Illovo Private Bag X18 Northlands, 2116 Telephone: Facsimile: E - mail: investor@implats.co.za Website: Control: Impala Platinum Holdings Limited (100 per cent) PRODUCTION Gold (kg) 1 607, , , ,9 1241,0 Note: Gold is produced as a by-product of platinum-group metal mining in the Rustenburg district of the North-West Province. Mine code: KROONDAL PLATINUM MINE Block A The Great Wall Group Building 5 Skeen Boulevard Bedfordview PO Box 1282 Bedfordview,

41 Telephone: Facsimile: E - mail: info@aquariussa.co.za Website: Control: Aquarius Platinum (South Africa) (Pty) Limited (50 per cent), Anglo Platinum Limited (50 per cent) PRODUCTION Gold (kg) 39,6 29,0 33,4 58,5 31,0 Note: Gold is produced as a by-product of platinum-group metal mining in the Rustenburg district of the North-West Province. Mine code: LEBOWA PLATINUM MINES 55 Marshall Street PO Box Marshalltown, 2107 Telephone: Facsimile: E - mail: traymond@angloplat.com Website: Control: Anglo Platinum Limited (100 per cent) 35

42 PRODUCTION Gold (kg) 182,9 185,9 191,5 184,8 190,7 Note: Gold is produced as a by-product of platinum-group metal mining in the Sekhukhuneland district of the Limpopo Province. Mine code: LONMIN PLATINUM LIMPOPO Northdowns 17 Georgian Crescent Bryanston East PO Box Sloane Park, 2152 Telephone: Facsimile: E - mail: contact@lonmin.com Website: Control: Lonmin plc (82 per cent), Incwala Resources (Pty) Limited (18 per cent) PRODUCTION Gold (kg) ,2 57,5 66,0 Note: Gold is produced as a by-product of platinum-group metal mining in the Zebediela district of the Limpopo Province. Mine code:

43 10. MARIKANA MINING Northdowns 17 Georgian Crescent Bryanston East PO Box Sloane Park, 2152 Telephone: Facsimile: E - mail: contact@lonmin.com Website: Control: Lonmin plc (82 per cent), Incwala Resources (Pty) Limited (18 per cent) PRODUCTION Gold (kg) Note: Gold is produced as a by-product of platinum-group metal mining in the Rustenburg district of the North-West Province. Mine code: MARIKANA PLATINUM MINE Block A The Great Wall Group Building 5 Skeen Boulevard Bedfordview PO Box 1282 Bedfordview,

44 Telephone: Facsimile: E - mail: info@aquariussa.co.za Website: Control: Aquarius Platinum (South Africa) (Pty) Limited (50 per cent), Anglo Platinum Limited (50 per cent) PRODUCTION Gold (kg) - 18,8 19,1 24,5 19,0 Note: Gold is produced as a by-product of platinum-group metal mining in the Rustenburg district of the North-West Province. Mine code: MARULA PLATINUM MINE 2 Fricker Road Illovo Private Bag X18 Northlands, 2116 Telephone: Facsimile: E - mail: investor@implats.co.za Website: Control: Impala Platinum Holdings Limited (77,5 per cent), Mmakau Mining (Pty) Limited (7,5 per cent), Marula Community Trust (7,5 per cent), Tubatse Platinum (Pty) Limited (7,5 per cent) 38

45 PRODUCTION Gold (kg) Note: Gold is produced as a by-product of platinum-group metal mining in the Sekhukhuneland district of the Limpopo Province. Mine code: MODIKWA PLATINUM MINE ARM House 29 Impala Rd Chislehurston Sandton PO Box Sandton, 2146 Telephone: Facsimile: E - mail: ir.admin@arm.co.za Website: Control: Anglo Platinum Limited (50 per cent), African Rainbow Minerals Limited (41,5 per cent), local community (8,5 per cent) PRODUCTION Gold (kg) 21,8 77, Note: Gold is produced as a by-product of platinum-group metal mining in the Sekhukhuneland district of the Limpopo Province. Mine code:

46 14. MOTOTOLO PLATINUM MINE Portion 27 of Waterval 306 JQ Rustenburg Private Bag X82288 Rustenburg, 0300 Telephone: Facsimile: E - mail: pjnienaber@xstrata.co.za Website: Control: Xstrata Alloys (37 per cent), Anglo Platinum Limited (50 per cent), Kagiso Trust Investments (Pty) Limited (13 per cent) PRODUCTION Gold (kg) ,3 Note: Gold is produced as a by-product of platinum-group metal mining in the Lydenburg district of the Mpumalanga Province. Mine code: NKOMATI NICKEL MINE ARM House 29 Impala Road Chislehurston Sandton PO Box Sandton,

47 Telephone: Facsimile: E - mail: ir.admin@arm.co.za Website: Control: African Rainbow Minerals Limited (50 per cent), Norilsk Nickel (50 per cent) PRODUCTION Gold (kg) 42,5 34,5 33,4 20,1 23,6 Note: Gold is produced as a by-product of nickel mining in the Waterval-Boven district of the Mpumalanga Province. Mine code: NORTHAM PLATINUM MINE Albury Park Magalieszicht Avenue Dunkeld West Sandton PO Box Craighall, 2024 Telephone: Facsimile: E - mail: svanderspuy@corp.norplats.co.za Website: Control: Northam Platinum Limited (100 per cent) 41

48 PRODUCTION Gold (kg) 201,4 226,8 200,3 217,0 229,0 Note: Gold is produced as a by-product of platinum-group metal mining in the Thabazimbi district of the Limpopo Province. Mine code: PALABORA MINING COMPANY LIMITED 1 Copper Road Phalaborwa PO Box 65 Phalaborwa, 1390 Telephone: Facsimile: E - mail: enquiries@palabora.co.za Website: Control: Rio Tinto plc (57 per cent), Anglo American plc (17 per cent) PRODUCTION Gold (kg) 565,6 46,8 159,5 462,0 489,6 Note: Gold is produced as a by-product of copper mining in the Ba-Phalaborwa district of the Limpopo Province. Mine code:

49 18. POTGIETERSRUST PLATINUMS 55 Marshall Street PO Box Marshalltown, 2107 Telephone: Facsimile: E - mail: traymond@angloplat.com Website: Control: Anglo Platinum Limited (100 per cent) PRODUCTION Gold (kg) 514,7 652,4 667,8 676,4 668,3 Note: Gold is produced as a by-product of platinum-group metal mining in the Mokopane district of the Limpopo Province. Mine code: RUSTENBURG PLATINUM MINES AMANDELBULT SECTION 55 Marshall Street PO Box Marshalltown, 2107 Telephone: Facsimile: E - mail: traymond@angloplat.com 43

50 Website: Control: Anglo Platinum Limited (100 per cent) PRODUCTION Gold (kg) 648,1 621,7 668,3 604,2 740,1 Note: Gold is produced as a by-product of platinum-group metal mining in the Thabazimbi district of the Limpopo Province. Mine code: RUSTENBURG PLATINUM MINES RUSTENBURG SECTION 55 Marshall Street PO Box Marshalltown, 2107 Telephone: Facsimile: E - mail: traymond@angloplat.com Website: Control: Anglo Platinum Limited (100 per cent) PRODUCTION Gold (kg) 1153,9 1057,8 1157,1 1028,0 1259,3 Note: Gold is produced as a by-product of platinum-group metal mining in the Rustenburg district of the North-West Province. Mine code:

51 21. RUSTENBURG PLATINUM MINES UNION SECTION 55 Marshall Street PO Box Marshalltown, 2107 Telephone: Facsimile: E - mail: traymond@angloplat.com Website: Control: Anglo Platinum Limited (85 per cent), Bakgatla-Ba-Kgafela community (15 per cent) PRODUCTION Gold (kg) 178,5 168,8 181,5 164,1 201,0 Note: Gold is produced as a by-product of platinum-group metal mining in the Thabazimbi district of the Limpopo Province. Mine code: TWO RIVERS PLATINUM MINE ARM House 29 Impala Road Chislehurston Sandton PO Box Sandton,

52 Telephone: Facsimile: E - mail: ir.admin@arm.co.za Website: Control: African Rainbow Minerals Limited (55 per cent), Impala Platinum Holdings Limited (45 per cent) PRODUCTION Gold (kg) ,3 Note: Gold is produced as a by-product of platinum-group metal mining in the Lydenburg district of the Mpumalanga Province. Mine code:

53 E. INDEX Page African Rainbow Minerals Limited 39, 41, 46 Anglo Platinum Limited 30, 35, 38, 39, 40, 43, 44, 45 Anglo American plc 10, 42 AngloGold Ashanti Limited 10 Aquarius Platinum (South Africa) (Pty) Limited 33, 35, 38 Bafokeng-Rasimone Platinum Mine 30 Bakgatla-Ba-Kgafela community 45 Barberton Mines (Pty) Limited 13 Barplats Investments Limited 32 Beatrix 18 Blyvooruitzicht 15 Bosveld Mines (Pty) Limited 14 Buffelsfontein 28 Consolidated Modderfontein 26 Consolidated Murchison 30 Crocodile River 31 Crown Section 15 Dominion Reefs Uranium Mine 32 Driefontein 18 DRDGOLD Limited 15 DRDGOLD SA Employee Trust 15 DRDGOLD South African Operations (Pty) Limited 14 Eastern Goldfields Limited 17 Eastern Goldfields SA (Pty) Limited 17 ERPM Section 15 Elandskraal 21 Evander 21 Everest Platinum Mine 33 Fairview 13 Freegold 21 Free State Operations 21 Gold Fields Limited 18 Goldplat plc 20 Goldplat Recovery 20 Goldplat Recovery (Pty) Limited 20 Gravelotte Mines Limited 24 Great Noligwa 10 47

54 Grootvlei 26 Harmony Gold Mining Company Limited 21 HVH Gold 25 Impala Platinum Mine 34 Impala Platinum Holdings Limited 34, 38, 46 Incwala Resources (Pty) Limited 36, 37 Kagiso Trust Investments (Pty) Limited 40 Kalgold 21 Khumo Gold SPV (Pty) Limited 15 Klipwal 14 Kloof 18 Kopanang 10 Kroondal Platinum Mine 34 Lebowa Platinum Mines 35 Lily 17 Lomshiyo Investments (Pty) Limited 17 Lonmin plc 36, 37 Lonmin Platinum Limpopo 36 Manhattan Corporation (Pty) Limited 24 Marikana Mining 37 Marikana Platinum Mine 37 Marula Community Trust 38 Marula Platinum Mine 38 Metorex Limited 31 Middelvlei 26 Mintails Limited 25 Mintails SA (Pty) Limited 24 Mmakau Mining (Pty) Limited 38 Moab Khotsong 10 Modikwa Platinum Mine 39 Mogale 25 Mototolo Platinum Mine 40 Mponeng 10 New Consort 13 Nigel 26 Nkomati Nickel Mine 40 Norilsk Nickel 41 Northam Platinum Limited 41 Northam Platinum Mine 41 Orkney 26 48

55 Palabora Mining Company Limited 42 Pamodzi Gold Limited 25 Pan African Resources plc 13 Potgietersrust Platinums 43 President Steyn 26 Randfontein 21 Rappa Holdings (Pty) Limited 27 Rio Tinto plc 42 Royal Bafokeng Resources Holdings (Pty) Limited 30 Rustenburg Platinum Mines Amandelbult Section 43 Rustenburg Platinum Mines Rustenburg Section 44 Rustenburg Platinum Mines Union Section 45 Savuka 10 Shanduka Gold (Pty) Limited 13 Sheba 13 Simmer and Jack Mines, Limited 28 South Deep 18 Target 21 Tau Lekoa 10 TauTona 10 Transvaal Gold Mining Estates 28 Tubatse Platinum (Pty) Limited 38 Two Rivers Platinum Mine 45 Uranium One Inc. 32 Vaal River Operations 10 Waste Product Utilisation 28 West Wits Operations 10 Xstrata Alloys 40 F. REFERENCES Klapwijk P, Walker P, et al, Gold Survey 2007: GFMS Ltd, London, 121 pp Robb, L.J. and Robb, V.M., Gold in the Witwatersrand basin in The Mineral Resources of South Africa (M.G.C. Wilson and C.R. Anhaeusser, eds): Handbook, Council for Geoscience, 16, p US Geological Survey, Mineral Commodity Summaries, 2007: Internet Website: Virtual Metals Research and Consulting Limited, Gold in South Africa: 212 pp 49