Anglo American Platinum Limited |
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Mototolo Platinum Mine
(the mine is managed by Xstrata SA (Proprietary) Limited, and the concentrator by Anglo American Platinum – 50:50 joint venture with XK Platinum Partnership)
SAFETY
Mototolo had no fatal incidents in 2009 and has not had a fatality in the four years since its inception. The LTFIR was 0.80 per 200,000 hours worked in 2009.
PRODUCTION
The Mototolo Mine produced 108,879 equivalent refined platinum ounces in 2009, which included 54,439 purchased ounces from the joint-venture partner. Production was 25% above that recorded in 2008. The mine is now operating at steady-state. The 4E built-up head grade was 2% higher, at 3.42 g/t, than the 3.37 g/t in 2008.
COSTS
Anglo American Platinum’s share of total on-mine cash costs increased by 28% to R430 million in 2009 as a result of the increase in production. The cash on-mine cost per tonne milled increased by 4% to R384, while cash operating cost per equivalent refined platinum ounce rose by 6% to R9,132.
CAPITAL EXPENDITURE;
Anglo American Platinum’s attributable share of capital expenditure was R96 million, a 57% increase over the figure for 2008.
OUTLOOK
The equivalent refined platinum ounce production in 2010 is expected to remain in line with 2009 achievements.
