Anglo American Platinum Limited |
|
Performance Overview
WITH THE FUTURE IN MIND
- The significant improvement in safety performance has continued
in 2012, with a 42% year-on-year reduction in fatalities. Regrettably, 7 employees lost their lives in 2012 - Equivalent refined platinum production down 8% year-on-year to 2.22 million ounces mainly owing to lost production relating to the illegal industrial action
- Cash operating costs up 21% year-on-year to R16,364 per equivalent refined platinum ounce owing to the illegal industrial action and above-inflation increases in input costs
- Headline earnings down 141% to a loss of R1,468 million owing to lower sales volumes, higher mining inflation and lower realised metal prices
- Recommendations of the Anglo American Platinum portfolio review were announced on 15 January 2013; constructive engagement with all stakeholders progressing
|
OPERATIONAL INDICATORS |
|
2012 |
|
2011 |
||||||
|
Tonnes milled |
|
000 tonnes |
|
38,677 |
|
41,507 |
||||
|
4E built-up head grade |
|
g/t |
|
3.20 |
|
3.24 |
||||
|
Equivalent refined Pt ounces1 |
|
000 Pt oz |
|
2,219.1 |
|
2,410.1 |
||||
|
Refined Pt ounce per operating employee |
|
Per annum |
|
29.3 |
|
32.5 |
||||
|
REFINED PRODUCTION |
|
|
|
|
||||||
|
Platinum (Pt) |
|
000 oz |
|
2,378.6 |
|
2,530.1 |
||||
|
Palladium (Pd) |
|
000 oz |
|
1,395.9 |
|
1,430.7 |
||||
|
Rhodium (Rh) |
|
000 oz |
|
310.7 |
|
337.6 |
||||
|
Gold (Au) |
|
000 oz |
|
105.2 |
|
105.1 |
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|
PGMs |
|
000 oz |
|
4,640.6 |
|
4,887.4 |
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|
FINANCIAL PERFORMANCE |
|
|
|
|
||||||
|
Net sales revenue |
|
R million |
|
42,838 |
|
51,117 |
||||
|
Gross profit on metal sales |
|
R million |
|
890 |
|
8,555 |
||||
|
Headline (loss)/earnings |
|
R million |
|
(1,468) |
|
3,566 |
||||
|
Net debt |
|
R million |
|
10,491 |
|
3,662 |
||||
|
Debt:equity ratio |
|
|
|
1:4.0 |
|
1:9.5 |
||||
|
Capital expenditure (including capitalised interest) |
|
R million |
|
7,201 |
|
7,504 |
||||
|
Gross profit margin |
|
% |
|
2.1 |
|
16.7 |
||||
|
Net sales revenue |
|
R/oz Pt sold |
|
19,764 |
|
19,595 |
||||
|
Cost of sales |
|
R/oz Pt sold |
|
19,354 |
|
16,306 |
||||
|
Cash on-mine costs |
|
R/tonne milled |
|
625 |
|
529 |
||||
|
Cash operating costs |
|
R/oz refined Pt |
|
15,660 |
|
12,869 |
||||
|
ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) |
|
|
|
|
||||||
|
Employees (as at 31 December) |
|
Number |
|
56,379 |
|
58,541 |
||||
|
HDSAs in management |
|
% |
|
58.3 |
|
56 |
||||
|
Fatalities |
|
Number |
|
7 |
|
12 |
||||
|
Lost-time injury-frequency rate |
|
Rate/200,000 hrs |
|
1.15 |
|
1.27 |
||||
|
Sulfur dioxide emissions |
|
000 tonnes |
|
20.1 |
|
18.8 |
||||
|
GHG emissions, CO2 equivalents2 |
|
000 tonnes |
|
5,743 |
|
5,991 |
||||
|
Water used for primary activities |
|
Megalitres |
|
28,755 |
|
31,248 |
||||
|
Energy use |
|
Terajoules |
|
24,392 |
|
25,168 |
||||
|
Number of Level 3, 4 and 5 environmental incidents |
|
Number |
|
0 |
|
0 |
||||
|
Corporate social investment |
|
R million |
|
276.1 |
|
186.5 |
||||
|
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