Performance Overview

WITH THE FUTURE IN MIND

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  • 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

PGMs

 

000 oz

 

4,640.6

 

4,887.4

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

1 Mines' production and purchases of metal in concentrate, secondary metals and other metals converted to equivalent refined production using Anglo American Platinum Limited's standard smelting and refining recoveries.
2 Excludes Scope 3 emissions