A PRECIOUS METAL FOR A PRECIOUS PLANET 2009 Sustainable Development Report BOIKgANTSHO PROJECT (49% owned) Phase of project: Pre-feasibility POLOKWANE SMELTER Resources (million tonnes): 137.6 (100% owned) JV partners: Anooraq Resources (51%) Commenced operations in 2003 Concentrate smelted (000 tonnes): 436 Pipeline stocks (Pt oz): 34,944 mOgAlAKWENA mINE Costs per tonne: R993 (100% owned) Mine name means “Brave crocodile” BOKONI PlATINum mINE Commenced operations in 1992 (49% owned) Reefs mined: Platreef (100%) Pits: Sandsloot, Mine name means “Place of the north” in Pedi Zwartfontein South, Commenced operations in 1969 Mogalakwena South, Reefs mined: Merensky (62%) & UG2 (38%) Central & North Shafts: Vertical shaft, Brakfontein decline Annual production: Hoisting capacity: 524 ktpm 32.9 mtpy Max. working depth: 500 m below surface Max. pit depth: TumElA mINE 281 m below surface MORTIMER SMELTER (100% owned) gA-PHASHA PROJECT (100% owned) (49% owned) Reefs mined: Merensky (22%) Commenced operations 1981 & UG2 (78%) Phase of Project: Pre-feasibility Concentrate smelted (000 tonnes): 201 Shafts: Tumela 1 & Tumela 4 Resources (million tonnes): 247.0 Pipeline stocks (Pt oz): 17,833 Total hoisting capacity: 200 ktpm JV partner: Plateau Resources (Anooraq) (51%) Costs per tonne: R784 Max. working depth: 1,400 m below surface uNION mINE (85% owned) TWICKENHAm PlATINum mINE DISHABA mINE (100% owned) Commenced operations in 1949 (100% owned) Reefs mined: Merensky (37%) Commenced operations in 2005 & UG2 (63%) Mine name means “Coming together Reef mined: UG2 (100%) Shafts: Ivan, 22 Vertical, Richard, Spud of nations” Shafts: Hackney decline Total hoisting capacity: 515 ktpm Reefs mined: Merensky (53%) Hoisting capacity: 125 ktpm Max. working depth: 1,700 m below & UG2 (47%) Max. working depth: 110 m below surface surface Shafts: Dishaba 2 Total hoisting capacity: 210 ktpm Max. working depth: 1,347 m below mAgAZYNSKRAAl PROJECT surface mODIKWA PlATINum mINE (20% owned) (50% owned) Phase of project: Pre-feasibility Commenced operations in 2002 Resources (million tonnes): 81.6 Reefs mined: Merensky (1%) JV partners: Pallinghurst (33.35%) & UG2 (99%) Bakgatla (46.65%) Shafts: North, Mid & South shafts Hoisting capacity: 200 ktpm Max. working depth: 628 m below ZANDSPRuIT AgREEmENT surface (100% owned) Phase of project: Pre-feasibility mOTOTOlO PlATINum mINE Agreement partner: Boynton Platinum THEmBElANI mINE (50% owned) (100% owned) Mine name means “Mountain” Mine name means “Have faith” in isiXhosa Commenced operations in 2008 Reefs mined: Merensky (19%) & UG2 (81%) RUSTENBURG BASE METAL Reefs mined: UG2 (100%) Shafts: Thembelani 1 & Thembelani 2 REFINERS (100% owned) Shafts: Lebowa & Borwa shafts Total hoisting capacity: 213 ktpm Commenced operations in 1981 Hoisting capacity: 200 ktpm Max. working depth: 1,055 m below surface Base metals produced (tonnes): 25,541 Max. working depth: 190 m below Cash cost per tonne: R28,108 surface KHOmANANI mINE SHEBA’S RIDgE PROJECT DER BROCHEN PROJECT (100% owned) (35% owned) (100% owned) Phase of project: Feasibility Mine name means “Caring together” in seTswana PRECIOUS METALS REFINERS Phase of project: Pre-feasibility Reserves (million tonnes): 1.7 Reefs mined: Merensky (60%) & UG2 (40%) (100% owned) Resources (million tonnes): 241.0 Resources (million tonnes): 486 Shafts: Khomanani 1 & Khomanani 2 JV partner: Aquarius Platinum SA (65%) Total hoisting capacity: 213 ktpm Commenced operations in 1989 Max. working depth: 1,181 m below surface Pt oz produced (Moz): 2.45 Pipeline stock (Pt oz): 119,081 SIPHumElElE mINE Cash cost per Pt oz: R191 (100% owned) WATERVAL SMELTER (100% owned) Mine name means “We are successful” in WESTERN BuSHVElD JV isiXhosa Commenced operations 1967 (37% owned) Reefs mined: Merensky (44%) & UG2 (66%) Concentrate smelted (000 tonnes): 493 Shafts: Siphumelele 1,2 & 3 Pipeline stocks (Pt oz): 255,475 Phase of project: Feasibility Total hoisting capacity: 388 ktpm Converter matte (Moz): 2,40 Operation (100% owned) Reserves (million tonnes): 10.9 Max. working depth: 1,402 m below surface Costs per tonne: R1,257 Resources (million tonnes): 16.3 JV partners: Platinum Group Metals (37%) Wesizwe (26%) Operation (JV) BRPm (50% owned) Process (100% owned) Commenced operations in 2009 Reefs mined: Merensky (99%) & UG2 (1%) Project (100% owned) Shafts: North shaft & South shaft Total hoisting capacity: 264 ktpm Max. working depth: 491 m below PANDORA PROJECT surface (42.5% owned) Project (JV) KHuSElEKA mINE BATHOPElE mINE Phase of project: Feasibility (100% owned) (100% owned) Reserves (million tonnes): 3.8 Resources (million tonnes): 62.6 Mine name means “We are safe” in isiXhosa Mine name means “People fi rst” in seTswana JV partners: Lonmin (42.5%) Reefs mined: Merensky (36%) & UG2 (64%) Reefs mined: UG2 (100%) Bapo-Ba-Mogale Tribe (7.5%) Shafts: Khuseleka 1 & 2 Shafts: Bathopele East & Central Mvelaphanda Resources (7.5%) Total hoisting capacity: 346 ktpm Total hoisting capacity: 280 ktpm Max. working depth: 783 m below surface Max. working depth: 284 m below surface Overview 76 Human capital 2 Chief executive officer’s review 77 Healthy people 7 Our approach to reporting 80 Developing people 84 Respecting people’s rights SD and 16 our business 88 Social capital 18 Profile of operations and products 89 Western Limb community development 21 Strategy and sustainability context 92 Eastern Limb community development 21 Opportunities 22 Risks and material issues 94 26 Awards Natural capital 95 Environmental aspects and impacts 28 Material issues 95 Environmental management systems 29 Global financial crisis 31 Safety Manufactured 108 37 Health capital 41 Mining Charter 109 Market development and beneficiation 45 Community engagement 55 Energy, climate change and water Governance and 114 key references 66 Economic capital 115 Governance 69 Economic impacts 124 Our stakeholders 70 Indirect and other economic benefits 131 Safety statistics 71 HDSA procurement 132 Economic indicators 133 Social indicators 134 Environmental indicators 137 GRI indicator 143 Glossary of terms PLATINUM CAN HELP SAVE THE PLANET Imagine if a metal was that useful. That precious. Platinum is used to break down the pollutants in detergents, creating cleaner air. It’s also used in catalytic converters, which reduce harmful emissions from automobiles. Platinum is key in For a full appreciation of the Group’s activities and performance, read new technologies. It’s an essential ingredient in lifesaving cancer treatments, and in pacemakers to keep hearts beating. Imagine the possibilities of Platinum - a this report in conjunction with our Business Report, both available on metal of the future. the Company’s website: http://www.angloplatinum.com. ANGLO PLATINUM LIMITED 2 0 0 9 1 Overview SD and our business Material issues Economic capital Human capital A CONVERSATION WITH ANglO Platinum’S CEO, NevillE NicolAu Reshaping ouR competitiveness foR sustainability How would you sum up the past Even though the Company’s safety platinum price. This forced us to reduce year in general? performance has improved, people costs and improve our efficiency. We This has been one of the most challenging are still losing their lives at Anglo decreased our production target to years ever faced by Anglo Platinum and Platinum operations. Is there 2.4 million ounces and put some of our possibly the industry as a whole. The something that you should be doing operations under care and maintenance. economic situation made it difficult for differently? our business; I am proud of the ways in We have put a great deal of effort into In order to meet the reduced production which the people in the organisation safety and it is disheartening to see forecasts of 2.45 million ounces responded to the pressures. people losing their lives at our efficiently we have had to rightsize the operations. I, on behalf of my executive organisation and have therefore reduced We knew that this would be a team, extend our deepest condolences to our staff complement by 20%, or some particularly difficult year and therefore the families, friends and colleagues of 15,751 employees and contractors. This had to revert to a business that is based the people who lost their lives at our was achieved by focusing our resources on solid fundamentals. We continued to operationss during the past year. at the operations, and through natural put systems in place to improve safety attrition, the elimination of vacancies, performance. We also geared up We continue to learn from all safety- the replacement of contractors with production to be efficient and related incidents and we will continue permanent employees and voluntary strengthened our cost-containment to strive to improve on safety, with the severance packages. endeavours. However, most importantly, ultimate aim being that of zero harm. we had to make sure that we were Despite our cost-cutting actions, we did building an organisation with a culture This was a very successful year on our not compromise the safety and health of that will ensure that we deliver safe, journey to zero harm in terms of our workforce, the environmental profitable platinum and that we make it achievements; we have, for the first time performance of our operations, or the sustainable into the future. in Anglo Platinum’s history, achieved in development work taking place in our excess of 100 days fatality free, and our host communities. We in fact increased LTIFR of 1.37 is at a record low. A our community development spend by How have the new organisational number of our operations have achieved R104 million to R245 million in 2009. values launched last year affected their best records in fatality-free shifts and This is a testament to our commitment Anglo Platinum? injury-free shifts. All of these to sustainable development. The launch of the values was the achievements lead me to believe that we beginning of a process to foster a new are heading in the right direction. culture in Anglo Platinum. 2009 was a Although we will continue to refine our 2009 marked a significant challenging year, one that has put our strategy, we are confident that our four milestone in terms of the Mining values to the test.