Glossary

4E

Four elements. The grade at BRPM is measured as the combined content of the four most valuable precious metals: platinum, palladium, rhodium and gold

ABAS

Anglo American Business Assurance Services

ABET

Adult basic education and training

AIDS

Acquired Immune Deficiency Syndrome

Anglo American Platinum

Anglo American Platinum Limited

ART

Antiretroviral treatment

Au

Gold

Base metal

A common metal that is not considered precious, such as copper, nickel, tin or zinc

BC

Bushveld Complex

BRMS

Bafokeng Rasimone Management Services (Pty) Ltd

BRPM

Bafokeng Rasimone Platinum Mine situated on the Boschkoppie farm

BSP

Bonus share plan

Cadsmine

Mine design software package proprietary to Anglo American Platinum

CD4 count

HIV infects and destroys a type of white blood cell called a CD4 cell (sometimes called a T-cell). When the immune system loses too many CD4 cells, it becomes weak and is unable to fight off germs. At this point the HIV+ person is at risk of contracting infections, called AIDS-related opportunistic infections (OIs), which can cause serious illness or death. The number of CD4 cells gives a picture of the health of the immune system. A normal CD4 cell count is about 500 — 1 500 cells per cubic millimetre of blood. CD4 cell counts usually fall as HIV disease progresses. A CD4 cell count can help a healthcare provider tell whether the HIV disease is progressing and the individual concerned should start HIV treatment

CED

Community enterprise development

Commercial Committee

This committee monitors the concentrate mass and contained metals in concentrate and the applicable prices for the concentrate despatched from RBPlat’s Boschkoppie concentrator

Concentrate

The product of the process of separating milled ore into a waste stream (tailings) and a valuable mineral stream (concentrate) by flotation. The valuable minerals in the concentrate contain almost all the base metal and precious metal minerals, these minerals are treated further by smelting and refining to obtain the pure metals (PGMs, Au, Ni and Cu)

Cu

Copper

DEA

Department of Environmental Affairs

Debt:equity ratio

Interest-bearing borrowings, including the short-term portion payable, as a ratio of shareholders’ equity

Decline

A generic term used to describe a shaft at an inclination below the horizontal and usually at the same angle as the dip of the reef

DMR

Department of Mineral Resources

DWA

Department of Water Affairs

EBITDA

Earnings before interest, tax, depreciation and amortisation

Employment equity

Percentage of historically disadvantaged South African managers in core and support functions — 2011 targets in terms of the Mining Charter

Employees who tested HIV positive

The number of employees that have been identified as HIV positive as indicated by the test results in the reporting period. The HIV positive rate is calculated as a percentage for the people that tested positive over the number that tested for HIV in the reporting period.

EMS

Environmental Management System

EPS

Earnings per share

Fatality

Death resulting from an accident

Flotation

In the flotation process, milled ore mixed with water (pulp) is passed through a series of agitating tanks. Various chemicals are added to the pulp in a sequence that renders the valuable minerals hydrophobic (water-repellent) and the non-valuable minerals hydrophilic (water-loving). Air is dispersed through the tanks and rises to the surface. The hydrophobic particles attach to the rising air bubbles and are removed from the main volume of pulp as a soapy froth. In this manner, various combinations of flotation cells in series are utilised to produce a concentrated stream of valuable mineral particles, called the ‘concentrate’ and a waste pulp stream, called ‘tailings’

GJ

Gigajoules (109 joules)

Greenfield project

A project situated on a previously undeveloped mineral resource

Greenhouse gas emissions scope 1 and 2

As per the the Greenhouse Gas Protocol (GHG Protocol) was jointly convened in 1998 by the World Business Council for Sustainable Development (WBCSD) and the World Resources Institute (WRI) protocol: scope 1 — LPG, acetylene gas consumption, the combustion of lubrication oil, explosives, generators (petrol and diesel), company-owned vehicles (petrol and deisel)
Scope 2 — electricity

GRI

Global Reporting Initiative, established in 1997 with the aim of designing globally applicable guidelines for the preparation of enterprise-level, sustainable development reports

g/t

Grams per tonne, the unit of measurement of grade

HDSA

Historically disadvantaged South African

HEPS

Headline earnings per share

IAS

International Accounting Standards

IASB

International Accounting Standards Board

HIV

Human Immunodeficiency Virus

HRD

Human resource development

IFRS

International Financial Reporting Standards

IMA

Immediately available ore reserves, which is ground available for mining without any further development

IMS

Immediately stopable faces which are fully-equipped spare mining faces that can be mined immediately

Incidence rate of TB

Total number of employees, including contractors, who tested infected with TB over the amount that did TB testing in the reporting period expressed as a percentage

Indicated Mineral Resource

“An ‘Indicated Mineral Resource’ is that part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a reasonable level of confidence. It is based on information from exploration, sampling and testing of material gathered from locations such as outcrops, trenches, pits, workings and drill holes. The locations are too widely or inappropriately spaced to confirm geological or grade continuity but are spaced closely enough for continuity to be assumed.” (SAMREC 2007)

Inferred Mineral Resource

“An ‘Inferred Mineral Resource’ is that part of a Mineral Resource for which volume or tonnage, grade and mineral content can be estimated with only a low level of confidence. It is inferred from geological evidence and sampling and assumed but not verified geologically or through analysis of grade continuity. It is based on information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes that may be limited in scope or of uncertain quality and reliability.” (SAMREC 2007)

In situ

The original, natural state of the ore body before mining or processing of the ore takes place

ISO 14001

ISO 14001 is applicable to any organisation that wishes to establish, implement, maintain and improve an environment management system and to assure itself of conformity with its stated environmental policy, and to demonstrate conformity with ISO 14001:2004 by making a selfdetermination and self-declaration, or seeking confirmation of its conformance by parties having an interest in the organisation, such as customers, or seeking confirmation of its self-declaration by a party external to the organisation, or seeking certification/registration of its environmental management system by an external organisation

Joint Evaluation Committee

This committee determines the transfer weights and qualities in terms of the weight, sample and assay of the concentrate RBPlat despatches from its concentrator

Kotula

Anglo American Platinum’s employee share ownership plan

koz

Thousand ounces

kt

Thousand tonnes

ktpm

Thousand tonnes per month

LED

Local economic development

LTIFR

Lost time injury frequency rate, which is the number of lost time injuries per 200 000 hours worked

MACHARORA

Made up of the four villages of Mafenya, Chaneng, Robega and Rasimone, surrounding our operations

Mahube Trust

Royal Bafokeng Platinum Mahube Trust

Mass pull

The mass of concentrate expressed as a percentage of total plants feed

Merensky Reef

The Merensky Reef is a layer in the Bushveld Complex (BC) containing one of the world’s largest concentrations of platinum group metals (PGMs)

Milling

A process to reduce broken ore to a size at which concentrating can be undertaken

Moz

Million ounces

Measured Mineral Resource

“A ‘Measured Mineral Resource’ is that part of a Mineral Resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with a high level of confidence. It is based on detailed and reliable information from exploration, sampling and testing of material from locations such as outcrops, trenches, pits, workings and drill holes. The locations are spaced closely enough to confirm geological and grade continuity.” (SAMREC 2007)

Mineral Reserve

“A ‘Mineral Reserve’ is the economically mineable material derived from a Measured or Indicated Mineral Resource or both. It includes diluting and contaminating materials and allows for losses that are expected to occur when the material is mined. Appropriate assessments to a minimum of a Pre-Feasibility Study for a project and a Life of Mine Plan for an operation must have been completed, including consideration of, and modification by, realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social and governmental factors (the modifying factors). Such modifying factors must be disclosed.” (SAMREC 2007)

Mineral Resource

“A ‘Mineral Resource’ is a concentration or occurrence of material of economic interest in or on the earth’s crust in such form, quality and quantity that there are reasonable and realistic prospects for eventual economic extraction. The location, quantity, grade, continuity and other geological characteristics of a Mineral Resource are known, or estimated from specific geological evidence, sampling and knowledge interpreted from an appropriately constrained and portrayed geological model. Mineral Resources are subdivided, and must be so reported, in order of increasing confidence in respect of geoscientific evidence, into Inferred, Indicated or Measured categories.” (SAMREC 2007)

MSDS

Material Safety Data Sheets

Mt

Million tonnes

Net asset value

Total assets less all liabilities, including deferred taxation, which equates to shareholders’ equity

Net asset value as a percentage of market capitalisation

Shareholders’ equity expressed as a percentage of market capitalisation

Ni

Nickel

NIHL

Noise-induced hearing loss

NUM

National Union of Mineworkers

Number of days without injury during the year

The number of calendar days on which no injury was reported or recorded at the BRPM Clinic. This can be for a specific area or the total mine depending on the area being reported on in the reporting period

Number of employees counselled (HIV counselling is compulsory for all employees during initial and periodic medical surveillance examination)

The number of employees that received HIV counseling before deciding if they are going to accept undergoing the HIV test.

Number of employees currently on antiretroviral treatment (ART)

The number of employees that have been identified to be HIV positive as indicated by the HIV test results and where the CD4 count is 350 or below.

Number of employees tested and were infected with TB

The total number of employees that have been identified as TB-infected as indicated by the test results in the reporting period

Number of fatalities

Any death resulting from an unexpected and unplanned occurrence, including acts of violence on the premises of the Company. Deaths arising out of or in connection with work, irrespective of the time between the injury and the occurrence of the death

OEM

Original equipment manufacturer

OHSAS 18001

OHSAS 18001 is an Occupational Health and Safety Assessment series for health and safety management systems. It is intended to help organisations control occupational health and safety risks. It was developed in response to widespread demand for a recognised standard against which businesses can be certified and assessed

PAYE

Pay-as-you-earn

Pd

Palladium

PGE

Platinum group elements

PGM

Platinum group metals, six elemental metals of the platinum group nearly always found in association with each other. Some texts refer to PGE. These metals are platinum, palladium, rhodium, ruthenium, iridium and osmium

PPA

Purchase price allocation

PPE

Property, plant and equipment

Probable Mineral Reserve

“A ‘Probable Mineral Reserve’ is the economically mineable material derived from a Measured or Indicated Mineral Resource or both. It is estimated with a lower level of confidence than a Proved Mineral Reserve. It includes diluting and contaminating materials and allows for losses that are expected to occur when the material is mined. Appropriate assessments to a minimum of a Pre-Feasibility Study for a project or a Life of Mine Plan for an operation must have been carried out, including consideration of, and modification by, realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social and governmental factors. Such modifying factors must be disclosed.” (SAMREC 2007)

Proven Mineral Reserve

“A ‘Proven Mineral Reserve’ is the economically mineable material derived from a Measured Mineral Resource. It is estimated with a high level of confidence. It includes diluting and contaminating materials and allows for losses that are expected to occur when the material is mined. Appropriate assessments to a minimum of a Pre-Feasibility Study for a project or a Life of Mine Plan for an operation must have been carried out, including consideration of, and modification by, realistically assumed mining, metallurgical, economic, marketing, legal, environmental, social and governmental factors. Such modifying factors must be disclosed.” (SAMREC 2007).

Pt

Platinum

RBA

Royal Bafokeng Administration

RBH

Royal Bafokeng Holdings (Proprietary) Limited

RBN

Royal Bafokeng Nation

RBPH

Royal Bafokeng Platinum Holdings (Proprietary) Limited

RBPlat

Royal Bafokeng Platinum Limited

RBPlat’s GRI application level assertion

Application B+ as per the GRI definition

RBP MS

Royal Bafokeng Platinum Management Services (Proprietary) Limited

RBR

Royal Bafokeng Resources (Proprietary) Limited

RCF

Revolving credit facility

Rh

Rhodium

RPM

Rustenburg Platinum Mines Limited

SAMREC

South African Code for the reporting of exploration results, Mineral Resources and Mineral Reserves

SDL

Skills development levy

Section 54

In terms of Section 54 of the Mine Health and Safety Act, No 29 of 1996, if an inspector of mines believes that any occurrence, practice or condition at a mine endangers or may endanger the health or safety of any person at the mine, the inspector may give any instruction necessary to protect the health or safety of persons at the mine including instructing that operations at the mine or a part of the mine be halted.

Section 55

If an inspector believes that an owner or manager has failed to comply with the provisions of this Act, the inspector may instruct that owner or manager in writing to take any steps that the inspector considers necessary to comply with the provision; and specifies in the instruction

SENS

Stock Exchange News Service

SIB

Stay-in-business capital expenditure

SIFR

Number of serious injuries per 200 000 hours worked

SLP

Social and labour plan

SMME

Small, Medium and Micro Enterprises

STC

Secondary tax on companies

Stoping

Operations directly associated with the extraction of reef

Tailings

That portion of the ore from which most of the valuable material has been removed by concentrating and that is therefore low in value but still available for future extraction pending technology development

TAWUSA

The Togetherness Amalgamated Workers Union of South Africa

Total energy consumption

Energy from electricity purchased, plus energy from fossil fuels consumed

tpm

Tonnes per month

UASA

United Associations of Trade Unions South Africa

UG2 Reef (Upper Group 2)

A chromite layer in the Bushveld Complex, often containing economic values of PGMs

UIF

Unemployment insurance fund

VAT

Value added tax

VCT

Voluntary counselling and testing

Water used for non-primary activities

Water used for non-primary activities is total new or makeup water entering the operation and use for non-primary activities, excluding internally recycled water. Non-primary activities are those activities in which the operation engages which are not required for the product of their products.

Water used for primary activities

Water used for primary activities consists of total new or make-up water entering the operation and used for the operation’s primary activities. This definition excludes internally recycled water and mine dewatering discharged to surface and not used for any primary activities. Primary activites are those in which the operation engages to produce their products.