Integrated Annual Report 2014

Business overview

Reported G4 indicators:
  • G4-2
  • G4-4
  • G4-9
  • G4-10
  • G4-EC9
  • G4-EN1
  • G4-EN3
  • MM3
  • G4-LA1
  • MM10

How we leverage resources to address material issues

Securing
today’s business

Gold produced
49,432kg (1.59Moz)
Procurement
R12 billion
Average gold price
R440,615/kg (US$1,267/oz)
Number of employees
44,411
Water used
116,850.67Ml
Energy consumed
199,969,735TJ
Rock mined
7.7Mt
Rock milled
18.24Mt

Sustaining the business for tomorrow

Capital expenditure
R3.3 billion
Training and development turnover
R353 million
Gold Mineral Resources
103.9Moz
Gold Mineral Reserves
28.4Moz
Uranium Mineral Resources
227Mlb
Uranium Mineral Reserves
102.5Mlb

Securing the business for tomorrow

  • Technology and innovation
  • Securing sufficient water and energy
  • Manage costs and capital
 
  • TIMBER USED

    104.5Mt

    CEMENT USED

    145t

    BLASTING AGENTS

    4,175t

  • ROCK MINED

    7.7Mt

  • TOTAL ORE (SURFACE AND UNDERGROUND) MILLED

    18.2Mt

  • MATERIAL REMOVED TO ROCK DUMPS

    0.6Mt

  • SURFACE MATERIAL RECYCLED

    10.9Mt

  • TAILINGS PRODUCED AND REMOVED TO TAILINGS STORAGE FACILITIES

    15.7Mt

  • SLAG REMOVED

    63.7t

  • ELECTROWINNING SLUDGE

    66,845t

  • CYANIDE USED

    11,758t

    CAUSTIC SODA USED

    2,947t

    HYDROCHLORIC ACID USED

    3,579t

  • DORÉ PRODUCED

    56,8t

  • GOLD PRODUCED

    49,432kg (1.59Moz)

Operating model

  • Thumbs up [icon]
    Reduce costs and payments
  • Thumbs up [icon]
    Increase flexibility
  • Thumbs up [icon]
    Increase margins
  • Thumbs up [icon]
    Optimise all capital, including balance sheet
  • Thumbs up [icon]
    Strong cash flows
  • Thumbs up [icon]
    Robust dividends

 
Activities

  • EXPLORATION AND NEW BUSINESS

    Prospective targets are identified and exploration or due diligence is undertaken. Worthwhile opportunities undergo intensive evaluation.

  • UNDERGROUND MINING

    Vertical shafts are in place to transport people and equipment to and from orebodies (more than 1,000m below surface) and to bring the ore mined to surface. Gold-bearing ore is drilled, blasted and the ore is brought to surface.

  • TREATMENT AND PROCESSING

    Once mined, gold ore is processed into doré (unrefined gold bars) at the operations and dispatched to Rand Refinery for further beneficiation.

  • REFINING

    At Rand Refinery, the gold doré is refined and sold to bullion banks in South Africa and internationally, or to jewellery fabrication industries. Gold is a significant component in a number of medical applications and lends itself to recycling.

  • RE-TREATMENT

    The surface operations re-treat tailings, a product of processing, for residual gold and uranium. This re-mining serves as a form of rehabilitation as the tailings storage facilities are removed permanently.

  • REHABILITATION AND CLOSURE

    Rehabilitation of the land disturbed by mining is an integral aspect of a mine plan from the beginning and throughout the life of an operation. Closure plans take the livelihoods of communities into account.

  • What makes Sibanye different
  • Large high-grade resources
  • Low capital mature operations
  • Benchmark dividend yield
  • Value-accretive projects and acquisitions