OVERVIEW  

• Tragically, one fatality occurred at Thembelani Mine in Q2 2015
• Group equivalent refined platinum production increased to 572 koz, up 60% over the strike affected Q2 2014
• Excellent mining performance from Mogalakwena - production up 5% to 101 koz year-on-year
• Amandelbult mines production showing marked improvement, up 26% over Q1 2015
• Refined platinum production increased by 33% to 561 koz compared to the strike affected Q2 2014

REVIEW OF THE QUARTER

OPERATIONS  

Anglo American Platinum tragically suffered one fatality at Thembelani Mine. On 12 May 2015, Mr Joseph Khesa was fatally injured by a fall of ground incident. The incident was investigated and the circumstances which led to this tragic event have been identified together with the required remedial actions to prevent a repeat, as we continue our journey to reach a target of zero harm.  

Total equivalent refined platinum production (equivalent ounces are mined ounces expressed as refined ounces) increased by 60% to 572 koz, compared to 358 koz in Q2 2014 which was impacted by the industrial action.  

Own mines and tailings retreatment platinum production more than doubled to 372,000 ounces as operations reached full ramp-up following the strike in H1 2014. Lost production in Q2 2014 as a result of the strike was approximately 229,000 ounces plus an additional 16,000 ounces lost during ramp-up upon settlement of the strike on 24th June. In addition, as part of the on-going optimisation of Union mine, production was 16,000 ounces lower as a result of the closure of the south declines at the end of 2014.  

Mogalakwena production increased by 5% to 101,000 ounces due to continued strong mining performance, higher achieved head grade and improved recoveries at the concentrator. The mine has produced in excess of 100,000 ounces in each of the two quarters of 2015.  

Amandelbult mine equivalent refined platinum production increased to 102,000 against 14,000 in the comparative period, which was affected by industrial action in 2014. The performance at Amandelbult improved significantly over Q1 of 2015 increasing by 26% despite S54 stoppages at the mines and concentrator.  

Unki mine produced 16,000 equivalent refined platinum ounces, 4% higher than the comparative period.  However, only 1,300 ounces in concentrate was dispatched, after the suspension of export of concentrate on 10 April 2015 as negotiations over export taxes were undertaken with the Government of Zimbabwe. Following the agreed postponement of the taxes, the export of concentrate re-commenced on 3 July 2015, with concentrate stockpiled at the mine.  

Rustenburg mines including Western Limb Tailings Retreatment plant increased equivalent refined platinum production from 26,000 ounces to 119,000 ounces while Union mine increased from 4,000 to 30,000 ounces due to the industrial action that impacted production in Q2 2014.  

Independently managed production (mined and purchased) decreased by 3% to 183,000 ounces driven mainly by lower production at BRPM and Mototolo. Production was impacted as a result of s54 safety stoppages and lower grades.  

Refined platinum production increased by 33% to 561,000 ounces, following a return to normal production after the industrial action in H1 2014. Refined palladium and rhodium also increased for similar reasons. The mix of metals has returned to normal compositions as all mines are producing at normal rates.  

The above information has not been reviewed or reported on by the Company’s external auditors.  

Download the Anglo American Platinum Limited Production Report for the second quarter ended 30 June 2015