investor and analyst site visit 12 april 2010/media/files/a/anglo... · 2015-01-02 · mogalakwena...
TRANSCRIPT
1
Mogalakwena Platinum Mine
Investor and Analyst Site Visit
12th April 2010
2
Mogalakwena Platinum Mine
Agenda• Our Values• Management Team• Orientation• Overview• Safety• Mining• Concentrator• Social Responsibility• Financial Highlights• Conclusion
3
Our Values
Safety
Deliver on promises
Caring
Honesty & integrity
Team work
Passion & pride
4
Management Team
Barry DavisSenior Concentrator Mng
Manie Potgieter
North Concentrator Mng
Ashina BalramSouth Concentrator Mng
Ted MuhajirGeneral Manager
Hendrik v NiekerkProduction Mng
Wanda v ZylProtection Serv Mng
Thembisile NkadimengCommunities
Frank PieterseSHE MngTumi Mbatha
Mng Finance
Vijay Kumar
MTS MngShela LedwabaHR Mng
Bertus SchoemanMng Engineering Mng Engineering Projects
William Matlhope
Mining
Concentrator
5
Management Team
• Over 150 Years mining experience
• Global management Experience
• Over 50% HDSA
• 40% Women
6
Orientation
Mogalakwena Platinum Mine
7
Locality of Mogalakwena Platinum Mine
MOGALAKWENA MINE
BOKONI MINE
TUMELA & DISHABA MINES
8
Mogalakwena Platinum Mine
• Largest Open-pit Platinum Mine in the world
• Medium-size mature open pit operation, capable of breaking and moving over 100Mt of hard rock.
• Largest hydraulic shovels in the world.
• Some of the largest trucks in Africa.
• Highest Basket price in AP.
• Lowest operating cost per ton milled.
• Building up to 400,000 oz capacity.
9
Mogalakwena Platinum Mine
• Ore Reserves > 500Mt• Measured & Indicated Ore Resources > 1,106 Mt• LOM > 55 Years • +1.6 Million Fatality free shifts.• 4 LTI’s for the year 2009.• Winner of Anglo Platinum Environmental award(2009). • Comprehensive community engagement and development
programme.• > 95 % of employees from within 50 km radius.• Water availability
10
• Mogalakwena: embedded flexibility
– Acceleration / Deceleration– Low cost operation– Highest basket price
Mogalakwena Platinum Mine
11
Mogalakwena Platinum Mine
SAFETY
12
Safety Performance
Concentrator LTI's versus Tons Milled
-
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
Tons
Mill
ed
0
1
2
3
4
5
6
LTI's
Tons Milled 4,535,000 4,595,000 4,187,000 7,180,000 9,722,000
LTI's 5 0 1 3 3
2005 2006 2007 2008 2009
13
Safety Performance
Mining LTI's versus Tons Mined
-
20,000,000
40,000,000
60,000,000
80,000,000
100,000,000
120,000,000
Tons
Min
ed
0
1
2
3
4
5
6
7
8
LTI's
Tons Mined 56,799,168 66,135,825 87,727,047 101,785,536 32,988,627
LTI's 6 6 1 7 1
2005 2006 2007 2008 2009
14
Mining
Mogalakwena Platinum Mine
15
Mogalakwena Platinum Mine – Mining Lease Area
16
• Strike Length – 21km
• Dip – 42o- 45o
• Depth – Outcrop to +500masl
• Ore Width – 20 – 80m
• Total Conc. Capacity – 985 ktpm
Resources & Reserves
ReefTonnes (Mt)
Grade (g/t 4E)
Tonnes (Mt)
Grade (g/t 4E)
Platreef Ore Reserves Proved 317.4 3.28 274.5 3.21 Proved Primay Ore Stockpiles 16.6 2.65 20.6 2.58 Probable 174.6 3.12 112.8 3.56
508.6 3.20 407.9 3.27 Platreef Ore Resources
Measured 192.9 1.95 152.4 1.85 Indicated 915.0 2.14 898.8 2.13 Inferred 1,160.6 1.89 1,331.3 1.89
2,268.5 2.00 2,382.5 2.00
2009 2008
17
Pit Layout - Sandsloot
• Remaining life of pit : 1 years
• Bench height 15m
• Current depth 255m
• Planned depth 270m
• Current length 1,700m
• Current width 600m
• Extension under review
18
Pit Layout – Zwartfontein South
• Remaining life of pit : 21 years
• Bench height 10m
• Current depth 120m
• Planned depth 260m
• Current length 1,500m
• Current width 450m
19
Pit Layout – Mogalakwena
• Remaining life of pit +39 years
• Bench height 15m
• Current depth 100m
• Planned depth 500m
• Current length 1500 m
• Planned length 7,000m
• Current width 350m
• Planned width 1,200m
20
Significant Risks and Mitigation
• Delayed Relocation: Negotiation at advanced stage, Plan B in place.
• Lightning: Advance warning systems.• Slope Stability: Radars etc• Trackless Mobile Machinery: Collision Avoidance System.• Blasting/Explosives: Electronic detonators etc.
21
Mining Sequence
22
Tonnes Mined
*
Tonnes mined
0
20,000
40,000
60,000
80,000
100,000
120,000
Tonnes mined 29,631 39,672 48,444 54,026 56,799 66,136 87,727 101,786 32,989
2001 2002 2003 2004 2005 2006 2007 2008 2009
Gearing up fo
r the 2
nd
concentrator
23
Tonnes Milled
Tonnes milled
0
2,000
4,000
6,000
8,000
10,000
12,000
Tonnes milled 4,375 4,465 4,470 4,535 4,595 4,187 7,180 9,722
2002 2003 2004 2005 2006 2007 2008 2009
Commiss
ioning
of 2
nd
conc
entra
tor
24
Equivalent Refined Platinum Ounces
Equivalent Refined Pt oz
0
50,000
100,000
150,000
200,000
250,000
Equivalent refined Pt oz 191,774 200,081 205,323 191,262 163,488 188,104 237,279
2003 2004 2005 2006 2007 2008 2009
25
Largest Electrical Hydraulic Face Shovel in the World
9 Hydraulic Shovels
26
One of the Largest Electric Drive Trucks in Africa
• 49 Trucks
27
Mining Technology
In-pit Surveillance
28
Mining Technology
Aquila
29
Mining Technology
Load Metrics Radars
HPGPS
30
Concentrator
Mogalakwena Platinum Mine
31
Mogalakwena North Concentrator
32
Mogalakwena North Concentrator
33
Process Flow Diagram
45000t3000t
18 x 36m
15000t
18 x 36m
15000t
Krupp Polysius
22/16-8 2.85MW
3.66 x 8.23m
Top: 15x55mm
Bot: 8 x 25mm
3.66 x 8.23m
Top: 85 x 85mm
Bot: 40 x 52mm
2.044 x 4.88m
80mm
Fuller Tralor
60 x 113
1000kW
3 x PF 144/144
35m High Rate – 22kW
100 m3
130 m3
40 m3
40 m3
4 x 12.5m dia
Ultra High Rate
6 x 12/10 FF-AHP-R
3 x Sandvik Hydrocone CH880 crushers
600 kW, Nominal capacity 1342 tph
FLS, 7.925 x 11.278m EGL Gearless drives
17.5 MW (ABB), Prim Grate & Sec Overflow
Ball load 33% (Prim 70mm & Sec 40mm)
Nominal capacity 900tph (current max 1050tph)
34
Overview
• Biggest single stream Platinum Concentrator in the World (600ktpm).
• Decision to build a single stream plant required some ground-breaking technology…..
• First:– HPGR installation for a platinum ore body– Gearless drive mills in Anglo Platinum
• Biggest:– Primary Gyratory crusher 60’’ with a 1000kW motor– Ball Mills in the world 26’ø x 37.6’ EGL with 17.5MW gearless drive– Centrifugal blower installation in Africa– Mill discharge pumps in SA – 1,45MW motors with gearbox drive– HPGR in Africa with the largest installed power in the world (2 x 2.85MW)
35
Energy Efficient Design
• Ultra high rate thickeners for tailings disposal
• High efficiency motors installed– More work per unit of electricity consumed
• Day-night switches for lights
• “Ready to float” material can bypass primary milling stage:– Creates additional primary milling capacity or save energy on primary
milling stage– No energy waste to pass sufficiently liberated material through
primary mill (incl. metallurgical benefits)
36
Social Economic Development
Mogalakwena Platinum Mine
37
Social Economic Development
•Social Economic Assessment Tool in place
•Social and Labour plan in place
•Strong focus on Sustainable / Equitable community projects
38
Financial Highlights
2005 2006 2007 2008 2009
Average Pt basket price(Mogalakwena Mine) R/oz 10,574 16,626 21,046 25,046 19,000
Average Pt basket price(Anglo Platinum) R/oz 8,871 13,852 18,167 22,348 14,115
Cash-on-mine cost / Ton Milled(Mogalakwena Mine) R/ton 219 208 282 288 196
Cash-on-mine cost / Ton Milled(Anglo Platinum) R/ton 273 296 388 475 453
39
• Creation of low cost, flexible operation over the last 5 years.
• Ability to respond to market condition in shortest time.
• Constantly evaluating growth opportunities within the group guidelines.
Conclusion
Geared to deliver “Safe , Profitable Platinum”