Key features 2010

Strategy

• Safety remains a priority
• Restructured company
• Improving grades
• Positioned to deliver

Operations

• Production of 1.43Moz* of gold
• Commercial production begins at Hidden Valley
• Wafi-Galpu resource increases significantly
• Projects start to gear up
• Mineral reserve levels maintained

Financials

• Revenue of R11.3 billion (US$1.5 billion)
• Operating margins maintained at a healthy 26%
• Dividend of 50 SA cents per share

• Integrated approach to reporting

Safety and health

• 21 fatalities in South Africa and one in PNG
• Illegal miners remain an important area of concern at Free State operations
• Focus on occupational health and employee well-being

Community

• In South Africa, R58.8 million spent on local economic development projects and R23.1 million on corporate social responsibility projects
• In PNG, US$1.1 million was spent on community programmes
• BBBEE procurement expenditure totalled R2.04 billion (38% of total expenditure)

Labour practices and human rights

• 7% decrease in employee numbers, a result of shaft closures in South Africa and end of construction in PNG
• In South Africa:
  • HDSAs made up 40% of management and women, 12% of total workforce

  Environment

  • Formal environmental management systems are being rolled out across the group
  • Studies undertaken and plans being developed to mitigate impact of operations on Watut River in PNG
  • New environmental strategy developed, with group targets set for reductions in fresh water consumption, energy usage, CO₂ emissions, among others.
  • Good progress with implementation of Cyanide Code
  • Framework developed to establish an internal GHG management strategy for PNG