Impala Platinum Holdings Limited · JSE:IMP
Impala Platinum — Citi lunch, Cape Town (November 2011)
11 slides from Impala Platinum's conference presentation, Nov 22, 2011
Slide 1: Citi lunch – 1st Quarter update
25/11/2011 Citi lunch Cape Town 22 November 2011 One Team One Vision With Pride 1st Quarter update • Three employees lost their lives – all at Impala Rustenburg • Significant increase in high impact Section 54 notices – 8 000 ounces lost in this quarter • Gross platinum production declined by 12% to
Slide 2: Issues facing the mining industry
25/11/2011 Issues facing the mining industry • Health – HIV pandemic maturing – Infection rate increased by 3.5% to 23% – Highest among key production people • RDOs – 30% • Winch operators – 25% – Overall sickness levels deteriorating • Currently at 4 to 4.5% • Highest among key production people •
Slide 3: Indigenisation update
25/11/2011 Indigenisation One Team One Vision With Pride Indigenisation update • Commitment to establish community trust (10% equity) – part of revised Indigenisation plan • A revised indigenisation plan was approved by the Implats and Zimplats Boards • Plan to be submitted to Government • Plan base
Slide 4: Projects update – Shaft
25/11/2011 Projects update One Team One Vision With Pride Project update – 20 Shaft • Specialised trackless mechanised development reached its target of 60m per month in the airway and conveyor spines • This method now being used in material and chairlift spines • Adverse ground conditions continue
Slide 5: Project update – 16 Shaft
25/11/2011 Vent Shaft NO 20 SHAFT PROJECT Main OCT 2011 Shaft 22 spines ‐6d 23 spines +12d 22 spines +21d 23 spines +25d WHITE = Complete RED = Oct 2011 progress One Team One Vision With Pride Project update – 16 Shaft • Main shaft sinking and equipping on schedule as stated in Annual Report FY2011
Slide 6: No 16 Shaft current status; Project update – 17 Shaft
25/11/2011 No 16 Shaft – Current status 21 Level 22 Level 23 Level 24 Level 25 Level 26 Level Completed Excavations 27 Level Belt Level One Team One Vision With Pride Project update – 17 Shaft • Sinking on schedule • Benefiting from lessons learnt on 16 and 20 Shafts • First production remains on sc
Slide 7: Shaft Scope and Layout
25/11/2011 Current Forecast Start of shaft July 2015 equipping Main shaft October 2016 commissioned First reef November 2016 production Fridge Shaft 1 437m Vent Shaft Main Shaft 1 517m 1 512m Completed Oct 2011 Planned FY 2013 One Team One Vision With Pride Remaining FY 2012 Shaft Scope and Layout •
Slide 8: Half year update – Zimplats Phase project
25/11/2011 Project update - Zimplats Phase 2 • Portal 3 – Construction of north and south declines underway • Concentrator, materials handling and infrastructure – Work on crusher, surface offices and workshops, overland conveyor, silos and tailings dam in progress • Dam – Excavation of both north a
Slide 9: Half year update – Mine-to-market and IRS
25/11/2011 Half year update • Mine-to-market lease area – Section 54s continued to impact production in October and November – Impact being partially mitigated by the treatment of various sources of surface material One Team One Vision With Pride Half year update • Mine-to-market other – Production
Slide 10: Half year update – Costs
25/11/2011 Half year update • Costs – The impact of lower volumes at Rustenburg due to the deferral of 20 Shaft and Section 54 notices as well as the effect of the stronger US dollar on Zimbabwean operations continue to exert upward pressure on costs which rose by 10.8% as reported for the first qua
Slide 11: Forward-looking statement
25/11/2011 Forward-looking statement Certain statements contained in this presentation other than the statements of historical fact contain forward-looking statements regarding Implats’ operations, economic performance or financial condition, including, without limitation, those concerning the econo
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