Group Statistics

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for the year ended 31 December
 

SALIENT FEATURES
    2011 2010 2009 2008 2007
Average market prices achieved            
Platinum US$/oz 1,707 1,611 1,199 1,570 1,302
Palladium US$/oz 735 507 257 355 355
Rhodium US$/oz 2,015 2,424 1,509 5,174 4,344
Gold US$/oz 1,556 1,259 1,002 885 697
Nickel US$/lb 10.50 9.70 6.54 9.79 17.04
Copper US$/lb 4.04 3.23 2.20 3.15 3.18
US$ basket price – Pt (net sales revenue per Pt oz sold) US$/oz Pt sold 2,698 2,491 1,715 2,764 2,579
US$ basket price – PGM (net sales revenue per PGM oz sold) US$/oz PGM sold 1,510 1,336 926 1,449 1,262
Platinum R/oz 12,426 11,733 9,893 12,640 9,149
Palladium R/oz 5,322 3,690 2,107 2,887 2,499
Rhodium R/oz 14,642 17,731 12,462 42,145 30,593
Gold R/oz 11,504 9,106 8,105 7,580 4,901
Nickel R/lb 75.42 71.23 52.85 77.30 121.13
Copper R/lb 29.02 23.62 17.76 25.85 22.36
R basket price – Pt (net sales revenue per Pt oz sold) R/oz Pt sold 19,595 18,159 14,115 22,348 18,167
R basket price – PGM (net sales revenue per PGM oz sold) R/oz PGM sold 10,968 9,740 7,621 11,716 8,892
Exchange rates            
Average exchange rate achieved on sales ZAR/US$ 7.2625 7.2890 8.2327 8.0850 7.0431
Exchange rate at end of the year ZAR/US$ 8.1055 6.6031 7.3787 9.2999 6.8360
Unit cost performance            
Cash operating cost per equivalent refined Pt ounce1 R 13,552 11,730 11,236 11,096 8,181
Cash operating cost per refined Pt ounce R 12,869 11,336 11,261 11,448 8,129
Cost of sales per total Pt ounce sold2 R 16,306 14,986 13,359 14,922 10,711
Cost of sales per total Pt ounce sold (mining and retreatment activities) R 15,909 14,765 13,427 13,286 9,711
Productivity            
m2 per total operating employee per month3   6.32 7.06 6.33 5.73 6.11
Refined platinum ounces per employee4   32.5 32.7 27.3 23.9 27.5
1 Cash operating cost per equivalent refined platinum ounce excludes ounces from purchased concentrate and associated costs.
2 Total platinum ounces sold: refined platinum ounces sold plus platinum ounces sold in concentrate.
3 Square metres mined per operating employee including processing, but excluding projects, opencast and Western limb Tailings Retreatment employees.
4 Refined platinum ounces per employee: mined refined platinum ounces dividend by own and attributable Anglo American Platinum Limited joint venture operational employees.
 

REFINED PRODUCTION
TOTAL OPERATIONS   2011 2010 2009 2008 2007
Refined production from mining operations            
Platinum 000 oz 1,943.4 1,989.3 1,966.8 1,946.8 2,164.0
Palladium 000 oz 1,122.1 1,133.0 1,098.0 1,071.1 1,199.0
Rhodium 000 oz 257.9 252.7 278.1 243.4 285.8
Gold 000 oz 85.6 67.0 78.6 68.9 87.2
PGMs 000 oz 3,764.5 3,811.7 3,808.9 3,692.7 4,155.1
Nickel 000 tonnes 17.0 15.7 17.3 13.9 17.3
Copper 000 tonnes 11.0 9.4 10.1 7.9 9.9
Refined production from purchases of metals in concentrate from joint-venture mines            
Platinum 000 oz 255.6 396.6 341.4 307.3 274.5
Palladium 000 oz 156.7 220.7 192.9 175.7 161.4
Rhodium 000 oz 46.0 54.6 51.8 41.6 37.8
Gold 000 oz 3.8 9.4 8.7 7.8 9.4
PGMs 000 oz 542.3 775.0 675.5 599.7 551.3
Nickel 000 tonnes 0.6 1.7 1.6 1.4 1.7
Copper 000 tonnes 0.3 0.9 0.8 0.8 1.0
Refined production from purchases of metals in concentrate from third parties            
Platinum 000 oz 84.4 98.5 114.4 132.5 35.5
Palladium 000 oz 38.4 43.5 49.8 72.0 29.3
Rhodium 000 oz 13.6 15.3 18.0 14.3 5.2
Gold 000 oz 1.5 1.2 1.8 1.8 1.3
PGMs 000 oz 166.0 194.7 216.0 238.4 80.7
Nickel 000 tonnes 0.4 0.3 0.3 0.2 0.2
Copper 000 tonnes 0.1 0.1 0.1 0.1 0.1
Refined production from purchases of metals in concentrate from associates1            
Platinum 000 oz 246.7 85.5 29.0    
Palladium 000 oz 113.5 51.3 19.8    
Rhodium 000 oz 20.1 6.3 2.0    
Gold 000 oz 14.2 3.7 1.8    
PGMs 000 oz 414.6 155.5 50.8    
Nickel 000 tonnes 2.3 0.8 0.3    
Copper 000 tonnes 1.4 0.5 0.2    
Total refined production            
Platinum 000 oz 2,530.1 2,569.9 2,451.6 2,386.6 2,474.0
Palladium 000 oz 1,430.7 1,448.5 1,360.5 1,318.8 1,389.7
Rhodium 000 oz 337.6 328.9 349.9 299.3 328.8
Gold 000 oz 105.1 81.3 90.9 78.5 97.9
PGMs 000 oz 4,887.4 4,936.9 4,751.2 4,530.8 4,787.1
Nickel 000 tonnes 20.3 18.5 19.5 15.5 19.2
Copper 000 tonnes 12.8 10.9 11.2 8.8 11.0
1 Refined production from purchases of metals in concentrate from associates represents purchases from Bokoni Platinum Mine with effect from 1 July 2009 and Bafokeng-Rasimone Platinum Mine with effect from 1 November 2010.
 

PIPELINE CALCULATION
TOTAL OPERATIONS     2011       2010       2009       2008       2007  
Equivalent refined platinum production1 000 oz   2,410.1       2,484.0       2,464.3       2,465.3       2,471.4  
  Bathopele Mine     112.5       138.7       131.8       120.1       111.2  
  Khomanani Mine     97.2       99.1       104.0       97.4       96.6  
  Thembelani Mine     101.2       95.6       78.3       75.8       81.5  
  Khuseleka Mine     126.5       129.0       154.8       184.3       215.7  
  Siphumelele Mine     96.0       94.2       109.1       127.8       160.4  
  Tumela Mine     264.0       295.3       294.4       310.8       410.5  
  Dishaba Mine     150.3       152.5       150.3       144.9       166.2  
  Union Mine     254.2       292.0       297.8       314.1       309.4  
    Union North Mine     91.5                                  
    Union South Mine     162.7                                  
  Mogalakwena Mine     306.3       260.3       237.3       188.1       163.5  
  Twickenham Platinum Mine     0.9       2.9       7.7       9.5       9.3  
  Unki Platinum Mine     51.6       –       –       –       –  
  Modikwa Platinum Mine     124.8       129.6       134.4       135.4       117.7  
  Kroondal Platinum Mine (net of ounces sold)2     208.6       252.8       231.6       213.4       130.3  
  Marikana Platinum Mine (net of ounces sold)2     47.0       52.6       39.7       32.2       23.2  
  Mototolo Platinum Mine     109.4       108.0       108.8       87.2       95.2  
  Bafokeng-Rasimone Platinum Mine3     180.0       184.6       173.3       175.0       193.6  
  Bokoni Platinum Mine4     59.6       62.7       60.9       74.2       94.3  
  Western Limb Tailings Retreatment     40.9       41.8       34.2       43.4       45.3  
  Purchases from third parties     79.1       92.3       115.9       131.7       47.5  
                                         
Pipeline stock adjustment     35.5       (34.0)       8.5       46.8       9.8  
Refined platinum production     (2,530.1)       (2,569.9)       (2,451.6)       (2,386.6)       (2,474.0)  
  Mining     (1,943.4)       (1,989.3)       (1,966.8)       (1,946.8)       (2,164.0)  
  Purchases of concentrate     (586.7)       (580.6)       (484.8)       (439.8)       (310.0)  
                                         
Platinum pipeline movement     (84.5)       (119.9)       21.2       125.5       7.2  
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 (Anglo American Platinum’) standard smelting and refining recoveries.
2 Production attributable to Anglo American Platinum after accounting for metal concentrate sold to Impala Platinum in terms of an offtake agreement that was in place when the pooling-and-sharing agreements commenced. Metal concentrate surplus to the volumes stipulated in the offtake agreement is refined by Anglo American Platinum.
3 Associate with effect from 1 November 2010.
4 Associate with effect from 1 July 2009.
 

GROSS PROFIT ON METAL SALES FROM MINING AND PURCHASING ACTIVITIES
    Mined
Rm 		      Purchased
metals1
Rm 		      Total
Rm 		 
2011                      
Gross sales revenue   40,090       11,394       51,484  
Commissions paid   (285)       (82)       (367)  
Net sales revenue   39,805       11,312       51,117  
Cost of sales   (31,828)       (10,734)       (42,562)  
On-mine   (25,237)       –       (25,237)  
  Cash operating costs   (21,950)       –       (21,950)  
  Depreciation   (3,243)       –       (3,243)  
  Deferred waste stripping   (44)       –       (44)  
Purchase of metals and leasing activities   75       (9,268)       (9,193)  
Smelting   (2,336)       (465)       (2,801)  
  Cash operating costs   (1,705)       (340)       (2,045)  
  Depreciation   (631)       (125)       (756)  
Treatment and refining   (1,888)       (428)       (2,316)  
  Cash operating costs   (1,459)       (329)       (1,788)  
  Depreciation   (429)       (99)       (528)  
Increase/(decrease) in metal inventories   351       (554)       (203)  
Other costs   (2,793)       (19)       (2,812)  
                       
Gross profit on metal sales   7,977       578       8,555  
Gross profit margin (%)   20.0       5.1       16.7  
Cost of sales per total Pt ounce sold (R)   15,909       17,609       16,306  
2010                      
Gross sales revenue   36,434       9,918       46,352  
Commissions paid   (255)       (72)       (327)  
Net sales revenue   36,179       9,846       46,025  
Cost of sales   (29,041)       (8,950)       (37,991)  
On-mine   (23,227)       –       (23,227)  
  Cash operating costs   (19,919)       –       (19,919)  
  Depreciation   (3,275)       –       (3,275)  
  Deferred waste stripping   (33)       –       (33)  
Purchase of metals and leasing activities   (377)       (8,838)       (9,215)  
Smelting   (2,181)       (393)       (2,574)  
  Cash operating costs   (1,560)       (286)       (1,846)  
  Depreciation   (621)       (107)       (728)  
Treatment and refining   (1,484)       (301)       (1,785)  
  Cash operating costs   (1,220)       (247)       (1,467)  
  Depreciation   (264)       (54)       (318)  
Increase in metal inventories   396       599       995  
Other costs   (2,168)       (17)       (2,185)  
                       
Gross profit on metal sales   7,138       896       8,034  
Gross profit margin (%)   19.7       9.1       17.5  
Cost of sales per total Pt ounce sold (R)   14,765       15,752       14,986  
1 Consists of purchased metals in concentrate, secondary metals and other metals.