1 / 31

ARM Platinum Moving into overdrive

ARM Platinum Moving into overdrive. RBC Platinum conference 16 May 2008. 90%. Perfect diversified commodity mix. Growing diversified commodity business. Attributable EBIT split between operations. 12 months to 30 June 2007. 6 months to 31 December 2007. * Nkomati operating profit split:

dior
Télécharger la présentation

ARM Platinum Moving into overdrive

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ARM PlatinumMoving into overdrive RBC Platinum conference 16 May 2008

  2. 90% Perfect diversified commodity mix

  3. Growing diversified commodity business Attributable EBIT split between operations 12 months to 30 June 2007 6 months to 31 December 2007 * Nkomati operating profit split: Nickel (86%) and Chrome (14%) * Nkomati operating profit split: Nickel (52%) and Chrome (48%) Attributable EBIT split between operations calculated from published EBIT (or segmental results) before corporate and exploration expenses and excluding the 45% minority interest in Two Rivers

  4. Attributable PGMS (‘000 oz) ARM Platinum volume growthExplorers, Juniors,????, Majors

  5. Power mitigation • Dayshift – Nightshift • Compressed Air vs Diesel / Electric • Diesel / Gas Generators • Stockpile management • Shallow Deposits / Opencast

  6. Platinum Mine Optimisation • Western – Eastern – North – Zimbabwe • Reef Type, Width, Grade, Prill Split, F/W and H/W • Dip, Strike (4 – 5 km), Depth • Mining Method – Production Statistics • Infrastructure - Water,power,road,rail,towns • Project Management • Timing • Capex • Opex

  7. Mine project – time versus depth 500m Depth from surface Modikwa Two Rivers Nkomati Opencast Plant 0 years 4 years 8 years Mine development

  8. Two Rivers: Introduction • Eastern Limb of Bushveld Complex • PGM Producer • 2.7 Mtpa (225,000 tpm) • 220,000 PGE oz pa (120,000 Pt oz pa) • Joint Venture • ARM (55%) Management • Impala (45%) Smelting, Refining, Marketing • Fundamentals • Owner operator • Outsource concentrator & tailings operations • Undertaking to employ local labour

  9. Two Rivers: Mine – Shallow Deposit • Dec 01 : Land Purchase • Sep 02 : Bulk Sample Shaft • Jan 04 : Trial Mining • Jun 05 : Project Approval • Aug 06 : Plant Commissioning (1 month early and 12% below budget) • Jan 07 : North Decline • Mar 07 : Plant Full Production • Mar 08 : UG Mining Full Production 7 Years

  10. Two Rivers: Geology

  11. Two Rivers UG2 Reef Section : North - South

  12. Two RiversResource & Reserve StatementAs at Feb 2008 Merensky Reef 120m above UG2 Analyst Visit

  13. Two Rivers: Mining

  14. Two Rivers: Decline Cross Section 560m 430m Analyst Visit – Sep 07

  15. Two RiversOperational Summary Statistics

  16. Tons per Month Two Rivers: Tonnes Milled Profile Unprotected Strike Ramp Up

  17. Industry Cost CurveR/ton Milled 2007 v Two Rivers Steady State: 275 R/t v Source: BJM research

  18. Locality – Modikwa Platinum Mine

  19. Mpumalanga Province Modikwa Platinum Mine – lease area 24.8km Total lease area 14 278 ha

  20. ModikwaResource Classification – Tonnage100 % JV (Millions) • Resource discounted for geological losses December 2007 Resource Statement

  21. UG2 Investment Centres S3# S2# N3# N2# S1# N1# Merensky Investment Centres S2# N3# N2# N1# S1# ModikwaBoth Reefs under continuous evaluation

  22. Footwall Drive Mining Direction Mining Direction ASG 105 m PILLARS Mined Out Area Unmined Area See Enlargement 200 m 10 m Enlargement 4 m 4 m 30 m 8 m Footwall Drive Cross Cut Muck Bay Travelling Way & SO 210 m Final Layout ModikwaBreast stoping layout with footwall development

  23. Modikwa Conversion from Dip to Breast Mining • Only breast mining is taking place (dip mining completely phased out) • All panels are expected to be on the standard 210m breast spacing by 2010

  24. ModikwaAverage Tons Milled per Month • H1 07 – Strike • Steady State – 240 kt / month Merensky trial mining

  25. ModikwaBuilt-up Headgrade

  26. Nkomati Nickel Project Nkomati Nickel is a 50:50 JV between ARM and Norilsk Nickel Total nickel in concentrate: 20 500 tpa Average grade: 0.35% Ni; Total plant capacity: 625 ktpa PCMZ Nickel in concentrate: 5 000 tpa Average grade: 0.25%Ni; PCMZ plant: 250 ktpm MMZ Nickel in concentrate: 15 500 tpa Average grade: 0.45%Ni; MMZ plant: 375 ktpm CHROME a significant value contributor • Oxidised lumpy chrome sales of 1 mtpa for 4 yrs • Chrome concentrate sales of 1 mtpa (2011) from PCMZ plant completed and processing of chrome fines currently being stockpiled Other By-products include: • 110 000 ounces of PGM (Pt:Pd 1:2.7) • 9 000 tpa Copper • 250 tpa Cobalt Project released Sept 2007 Open cast mine expected to produce at a steady state C1 cash cost of c.$3.50/lb Ramp-up: 2009 Full production: 2011 Capital cost of R3.2 billion, >20% committed, mainly funded from Nkomati cash flows

  27. Nkomati

  28. Kalplats • Exploration • Pre-feasibility in progress • Opencast Potential • Platinum Australia presentation later

  29. 2 x 2010 Delivering on growth plans in ARM Platinum

  30. ARM Platinum Summary • Eastern Limb • Shallow, Long Life Assets • Established PGM Producer • Positive Cash Flows • Growth Potential

  31. Questions?

More Related