Kumba Annual Report 2005

REVIEW OF MINERAL RESOURCES AND RESERVES

The mineral resources and ore reserves attributed to Kumba’s current operations and growth projects are summarised in the tables below. Note that mineral resources are reported inclusive of ore reserves and at 100% irrespective of the percentage attributable to Kumba. Mineral resources and ore reserves were estimated by competent persons on an operational basis and in accordance with the SAMREC Code (2000) for South African properties and the JORC Code (2004) for Australian properties. All competent persons have sufficient relevant experience in the style of mineralisation, the type of deposit, mining method and in the activity for which they have taken responsibility to qualify as a “competent person” as defined in these codes. They have signed off their respective estimates in the original mineral resource and ore reserve statements for the various operations and consent to the inclusion of the information in this report in the form and context in which it appears. A list of Kumba’s competent persons is available from the company secretary on written request. The processes and calculations associated with the estimates have been audited by internal independent competent persons and, on a three- to four-year cycle basis, by external consultants. In addition, note that all operations and projects were externally audited as part of the Kumba/Newco due diligence process. The person within Kumba designated to take corporate responsibility for mineral resources and ore reserves, HJ van der Berg, the undersigned, has reviewed and endorsed the estimates reported.

HJ van der Berg

MSc (Geology), BSc (hons)

Pr Sci Nat (400099/01)

Manager, Mineral Assets

COMMENT

Kumba’s tenure over its mineral assets as listed in the tables was audited and is confirmed, with the following modifications and considerations. As of 15 November 2005, Kumba owns 100% of Ticor Australia and Ticor SA and therefore all the mineral resources and ore reserves in these companies. As cautioned in the previous annual report, Kumba no longer owns a 50% share in the Australian Hope Downs project and these iron ore resources are not reported. New-order prospecting rights applications based on mineral rights ownership on several farms included in the Leeuwpan and Strehla mineral resource figures have been refused by the Department of Minerals and Energy (DME). An appeal has been lodged and senior legal counsel is of the opinion that the decision will be reversed; therefore the affected mineral resources and ore reserves are still reported.

Kumba fully supports the objectives of the Minerals Act and has submitted applications to convert its old-order mining licences to new-order mining rights for all its mines except Leeuwpan, which will be submitted during 2006. The applications were audited by independent external consultants and declared compliant with the requirements of the act and other relevant regulations. All applications have been accepted by the DME and the administrative process will now follow its course. Three new mining rights applications were submitted during the year: Sishen South (iron ore); Inyanda (coal) and Fairbreeze C Extension (heavy minerals). The granting of these mining rights will allow notable production growth or extension of the productive mine life in these commodities.

The objective to optimise the use of mineral resources is being driven by the application of good mineral resource management principles and innovative approaches. Upgrading medium-grade iron ore through technology has proved viable and will be incrementally implemented at Sishen mine. This breakthrough has a significant impact on ore definition and therefore on both mineral resource and ore reserve estimation at Sishen (see DMS and jig plant material in tables). An extensive programme is under way to re-interpret the geology according to the changed ore definition and revise the modelling at Sishen South and Thabazimbi to evaluate the potential of medium-grade iron ore deposits previously excluded. At Grootegeluk, an extensive drilling programme is in progress on five farms adjacent to the present mining licence area. Eskom’s reported expansion in electricity generation and the buoyant market for char and coke necessitate upgrading Kumba’s coal resources to reserves in the Waterberg coalfield.

An effective exploration programme at Rosh Pinah has extended the mine’s life to eight years compared to the five to six years reported in 2004. The better zinc price has also created the opportunity to consider lower-grade ore that was previously excluded from reserves. Through innovative exploitation, these ores can make a significant difference to the mine’s future. These options are being pursued as a priority.

Although security of tenure has not yet been satisfactorily resolved, the second season of exploration has commenced in Senegal, with drilling on a number of ore bodies in the north of the Falémé iron ore area. Kumba has also started heavy minerals exploration on the Port Durnford prospecting right in KwaZulu-Natal and a drilling programme on the Ranobé heavy minerals project is under way in Madagascar.

Table 1: Kumba’s mineral resource estimates for 2004 and 2005

(Mineral resource estimates reported here are inclusive of ore reserve estimates reported in table 2. They have been estimated in accordance with the SAMREC and JORC codes for South African and Australian operations/projects respectively)


				2005			2004
		% attributable	Resource	Tonnes			Tonnes		%
Commodity	Operation	to Kumba	category	(million)	Grade		(million)	Grade	change
					%Fe			%Fe
Iron ore	Sishen Iron Ore Mine ⁽¹⁾	78,6	Measured	1 477	57,4		754	65,2
	– DMS + jig plant		Indicated	480	56,5		636	64,8
			Inferred	29	55,9		249	64,2
			Total	1 986	57,2		1 639	64,9	21,17
	Sishen Iron Ore Mine ⁽¹⁾	78,6	Measured	94	64,9		Additional underground
	–additional resources		Indicated	223	64,7		resources were reported
			Inferred	153	64,5		inclusive of Sishen resources in 2004
			Total	469	64,7				49,81
	Thabazimbi Iron Ore Mine⁽²⁾	100,0	Measured	10,9	62,1		51,0	63,1
	– within current pit layouts		Indicated	3,9	61,6		20,6	62,4
			Inferred	3,0	61,7		24,0	62,1
			Total	17,9	61,9		95,6	62,7	(35,91)
	Thabazimbi Iron Ore Mine ⁽²⁾	100,0	Measured	12,4	62,1		Additional resources were
	– additional resources		Indicated	14,3	61,3		reported inclusive of
			Inferred	16,8	60,0		Thabazimbi resources in 2004
			Total	43,4	61,0
	Sishen South ⁽³⁾	100,0	Measured	140,4	65,4		145,6	65,4
	– advanced project		Indicated	107,5	64,4		146,9	64,6
			Inferred	42,3	62,0		118,5	63,5
			Total	290,2	64,6		411,0	64,5	(29,38)
	Zandrivierspoort	50,0	Measured	–	–		–	–
	– project		Indicated	447	34,9		447	34,9
			Inferred	–	–		–	–
			Total	447	34,9		447	34,9	–
					Raw coal			Raw coal
Coal	Grootegeluk Coal Mine	100,0	Measured	1 428	Raw coal		1 463	Raw coal
			Indicated	2 075	Raw coal		2 075	Raw coal
			Inferred	2 513	Raw coal		2 513	Raw coal
			Total	6 016	Raw coal		6 052	Raw coal	(0,59)
	Leeuwpan Coal Mine ⁽⁴⁾	100,0	Measured	169,1	Raw coal		186,9	Raw coal
			Indicated	9,8	Raw coal		9,8	Raw coal
			Inferred	–	–		–	–
			Total	178,9	Raw coal		196,7	Raw coal	(9,05)
	Tshikondeni Coal Mine ⁽⁵⁾	100,0	Measured	25,7	Raw coal		27,2	Raw coal
			Indicated	10,1	Raw coal		10,1	Raw coal
			Inferred	–	–		–	–
			Total	35,8	Raw coal		37,3	Raw coal	(3,97)
	Moranbah South, Australia	100,0	Measured	–	–		–	–
			Indicated	586	Raw coal		586	Raw coal
			Inferred	124	Raw coal		124	Raw coal
			Total	710	Raw coal		710	Raw coal	–
	Inyanda Coal	50,0	Measured	15,3	Raw coal		15,3	Raw coal
			Indicated	–	–		–	–
			Inferred	–	–		–	–
			Total	15,3	Raw coal		15,3	Raw coal	–
	Strehla ⁽⁶⁾	100,0	Measured	–	–		–	–
			Indicated	22,5	Raw coal		22,5	Raw coal
			Inferred	–	–		–	–
			Total	22,5	Raw coal		22,5	Raw coal	–
					% Ilmenite			% Ilmenite
Heavy minerals	Hillendale Mine + Braeburn ⁽⁷⁾	100,0	Measured	48,7	3,8		56,0	3,7
			Indicated	–	–		–	–
			Inferred	–	–		–	–
			Total	48,7	3,8		56,0	3,7	(13,06)
	Fairbreeze A+B+C+C Ext ⁽⁸⁾	100,0	Measured	202	3,7		196	3,7
			Indicated	27	2,5		27	2,5
			Inferred	–	–		–	–
			Total	229	3,6		223	3,5	(2,69)
	Gravelotte sand	100,0	Measured	75,1	9,1		75,1	9,1
			Indicated	–	–		–	–
			Inferred	–	–		–	–
			Total	75,1	9,1		75,1	9,1	–
	KwaZulu-Natal	100,0	Measured	–	–		–	–
	– Block P ⁽⁹⁾		Indicated	40,6	3,1		40,6	3,1
			Inferred	–	–		–	–
			Total	40,6	3,1		40,6	3,1	–
	– Fairbreeze D ⁽⁹⁾	100,0	Measured	–	–		–	–
			Indicated	9,2	2,5		9,2	2,5
			Inferred	–	–		–	–
			Total	9,2	2,5		9,2	2,5	–

				2005			2004
		% attributable	Resource	Tonnes			Tonnes		%
Commodity	Operation	to Kumba	category	(million)	Grade		(million)	Grade	change
					% Ilmenite			% Ilmenite
Heavy minerals	Eastern Cape	100,0	Measured	232,9	4,5		232,9	4,5
(continued)	– Nombanjana, Ngcizele,		Indicated	–	–		–	–
	Sandy Point old and recent		Inferred	–	–		–	–
			Total	232,9	4,5		232,9	4,5	–
	Limpopo sand	100,0	Measured	12,5	10,5		12,5	10,5
	– Gravelotte pebbles and		Indicated	–	–		–	–
	Letsitele sand		Inferred	31,3	4,0		31,3	4,0
			Total	43,8	5,9		43,8	5,9	–
	Limpopo rock	100,0	Measured	–	–		–	–
	– Gravelotte rock and		Indicated	53,6	25,9		53,6	25,9
	Letsitele rock		Inferred	112,3	20,7		112,3	20,7
			Total	165,9	22,4		165,9	22,4	–
	Ranobé, Madagascar ⁽¹⁰⁾	100,0	Measured	–	–		The Ranobé heavy
	– Upper Sand Unit		Indicated	553	4,6		minerals project was not
			Inferred	–	–		reported in 2004
			Total	553	4,6
					% THM			% THM
	Tiwest, Australia	50,0	Measured	157	2,7		137	3,2
	– Cooljarloo		Indicated	302	2,4		322	2,4
			Inferred	25	1,8		28	1,9
			Total	484	2,5		487	2,6	(0,55)
	Tiwest, Australia ⁽¹¹⁾	50,0	Measured	–	–		44,0	4,6
	– Jurien		Indicated	25,6	6,0		9,1	5,5
			Inferred	–	–		–	–
			Total	25,6	6,0		53,1	4,8	(51,79)
	Ticor, Australia ⁽¹²⁾	100,0	Measured	1,3	6,9		1,3	6,9
	– Dongara*		Indicated	75,4	6,6		75,4	6,6
			Inferred	–	–		–	–
			Total	76,7	6,6		76,7	6,6	–
					% Zn	% Pb		% Zn % Pb
Base metals	Rosh Pinah ⁽¹³⁾	89,5	Measured	3,5	10,1	2,3	2,3	8,2 2,2
	(zinc and lead)		Indicated	2,3	8,1	2,6	3,5	11,0 3,0
			Inferred	1,1	8,8	2,4	0,6	9,0 3,8
			Total	6,9	9,2	2,4	6,5	9,8 2,8	6,32
					Metallurgical dolomite		Metallurgical dolomite
					% SiO2			% SiO2
Industrial minerals	Glen Douglas	100,0	Measured	142,3	<2,5		185,6	<2,5
	Dolomite Mine ⁽¹⁴⁾		Indicated	–	–		–	–
			Inferred	163,9	<2,5		117,3	<2,5
			Total	306,2	<2,5		302,9	<2,5	1,07
					Aggregate		Aggregate
					Raw material			Raw material
			Measured	40,1	Raw material		12,2	–
			Indicated	–	–		–	–
			Inferred	145,1	Raw material		145,0	Raw material
			Total	185,2	Raw material		157,2	Raw material	17,79
					Metallurgical dolomite		Metallurgical dolomite
	Bridgetown	50,0	Measured	7,3	<2,5		8,0	<2,5
	Dolomite Mine ⁽¹⁵⁾		Indicated	–	<2,5		–	–
			Inferred	3,8	<2,5		3,8	<2,5
			Total	11,1	<2,5		11,8	<2,5	(6,42)

The tonnages are quotes in metric tonnes and million tonnes is abbreviated as Mt.

Rounding of figures may cause computational discrepancies.

Figures reported at 100% irrespective of percentage attributable to Kumba.

Note that ALL operations and projects were externally audited in 2005 as part of the Kumba/Newco due diligence process.

1	The significant increase is due to the inclusion of jig plant ore (Sishen expansion project); lower Fe-grade rocks that can be beneficiated to a saleable product using jig technology. Additional resources with a grade >60% Fe that have underground mining potential outside of the optimised Sishen expansion project pit are reported separately in 2005.
2	Reclassification of 37,6Mt from 2004 mineral resources to mineral inventory partly explains the decrease in 2005. Note, the estimate reported in the 2004 report excluded 8,2Mt 55 to 60% Fe low-grade ore for the whole operation and 3,2Mt high-grade ore from one of the pits.
3	133Mt of inferred mineral resources were reclassified to mineral inventory.
4	Additional drilling led to an updated geological model and resulted in a decrease of coal resources (18Mt). See note 20 under ore reserves for comment on prospecting right.
5	The coal resources formerly reported for a portion not included in mine lease area have been excluded in the 2005 estimate (0,3Mt).
6	The mineral resources occur in an area for which the prospecting rights are under appeal; they are quoted pending the outcome of the appeal (SAMREC 5.5.1).
7	Mineral resources decreased by 6,3Mt as a result of additional drilling and subsequent deposit boundary revision.
8	Fairbreeze C and C Ext were updated with new data (0,2Mt, Fairbreeze C). The 2005 Fairbreeze C Ext mineral resource includes a 100m boundary zone, which was excluded in 2004 (5,8Mt). See note 23 under ore reserves for comment on mining licence.
9	Block P and Fairbreeze D were reported as a combined figure in 2004.
10	Mineral resources were not reported for Ranobé in 2004.
11	Resources are based on a pit boundary where revenues are 150% of current values. Deep deposits (27,5Mt) have been reclassified as mineral inventory. Certain resources were downgraded to ‘indicated’ because drilling is too widely spaced in places.
12	Reported as Magnetic Minerals in 2004. The Dongara geological models were updated with new mineralogical information.
13	The net increase in mineral resources at Rosh Pinah is the result of intensive exploration, which added 0,4Mt over and above losses to mineral inventory (0,6Mt) and mining depletion (0,6Mt).
14	Part of the measured metallurgical dolomite resource was reclassified as inferred. Updates and pit redesign resulted in increases in metallurgical and aggregate dolomite resources in 2005.
15	Bridgetown’s mineral resources have been decreased because of exploration and subsequent geology and model updates (0,4Mt) and mining depletion (0,3Mt).

Table 2: Kumba’s ore reserve estimates for 2004 and 2005

(Ore reserve estimates reported here are included in the mineral resource estimates reported in table 1. They have been estimated in accordance with the SAMREC and JORC codes for South African and Australian operations/projects respectively)


						2005					2004
		%		ROM					ROM
		attributable	Reserve	tonnes					tonnes		Saleable			%
Commodity	Operation	to Kumba	category	(million)	Grade	Saleable product			(million)	Grade	product			change
					%Fe	Iron ore (Mt)				%Fe	Iron ore (Mt)
Iron ore	Sishen Iron Ore Mine ⁽¹⁶⁾	78,6	Proved	727	59,3				510	63,6	436 @ 66,3% Fe
	– DMS + jig plant		Probable	294	58,1				208	63,7	178 @ 66,1% Fe
			Total	1 021	59,0	843 @ 65,2% Fe			717	63,6	614 @ 66,3% Fe			42,33
	Thabazimbi Iron	100,0	Proved	10,3	61,2	9 @ 64,1% Fe			15,2	60,9	13 @ 63,5% Fe
	Ore Mine ⁽¹⁷⁾		Probable	3,8	60,2	3 @ 63,6% Fe			1,2	61,5	1 @ 64,1% Fe
			Total	14,1	60,9	13 @ 63,9% Fe			16,3	60,9	14 @ 63,5% Fe			(13,44)
	Sishen South ⁽¹⁸⁾	100,0	Proved	100,5	64,8	N/A
			Probable	66,4	63,3	N/A					Not reported in 2004
			Total	166,9	64,2	N/A
						Coking	Thermal	Metall			Coking	Thermal	Metall
						coal	coal	coal			coal	coal	coal
Coal	Grootegeluk Coal Mine ⁽¹⁹⁾	100,0	Proved	673	–	41,9	245	38,4	706	–	35,1	264	40,0
			Probable	67	–	6,3	25	0,7	67	–	5,0	26	0,7
			Total	740	–	48,2	270	39,2	773	–	40,1	290	40,7	(4,32)
	Leeuwpan Coal Mine ⁽²⁰⁾	100,0	Proved	95,1	–	N/A	45,8		111,2	–	N/A	56,9
			Probable	47,6	–	N/A	27,1		47,6	–	N/A	23,2
			Total	142,7	–	N/A	72,9		158,8	–	N/A	80,1		(10,12)
	Tshikondeni Coal Mine ⁽²¹⁾	100,0	Proved	6,9	–	3,6	N/A		7,1	–	4,1	N/A
			Probable	–	–	–	N/A		–	–	–	N/A
			Total	6,9	–	3,6	N/A		7,1	–	4,1	N/A		(3,00)
						A-grade export steam coal					A-grade export steam coal
	Inyanda Coal	50,0	Proved	14,6	–	10,1			14,6	–	10,1
			Probable	–	–	–			–	–		–
			Total	14,6	–	10,1			14,6	–	10,1			–


						2005							2004
		%		ROM						ROM
		attributable	Reserve	tonnes		Total heavy mineral (THM)				tonnes		Total heavy mineral (THM)				%
Commodity	Operation	to Kumba	category	(million)	Grade	composition				(million)	Grade	composition				change
						THM composition							THM composition
					% THM	% Ilm	% Rut	% Zir	% Leu		% THM	% Ilm	% Rut	% Zir	% Leu
Heavy minerals	Hillendale Mine ⁽²²⁾	100,0	Proved	30,0	6,9	60	3,6	8	1,6	41,4	6,6	58	–	–	–
	(excluding Braeburn)		Probable	–	–	–	–	–	–	–	–	–	3,2	7	0,9
			Total	30,0	6,9	60	3,5	8	1,6	41,4	6,6	58	3,2	7	0,9	(27,53)
	Fairbreeze	100,0	Proved	137,4	6,1	60	3,1	8	1,4	137,9	6,1	60	–	–	–
	A+B+C+C Ext ⁽²³⁾		Probable	44,1	7,2	61	3,4	8	1,8	20,4	4,2	49	3,3	8	1,6
			Total	181,5	6,4	60	3,3	8	1,7	158,3	5,9	59	3,3	8	1,6	14,67
	Gravelotte sand	100,0	Proved	52,4	13,0	85	N/A	N/A	N/A	52,4	13,0	85	N/A	N/A	N/A
			Probable	–	–	–	–	–	–	–	–	–	–	–	–
			Total	52,4	13,0	85	N/A	N/A	N/A	52,4	13,0	85	N/A	N/A	N/A	–
	Tiwest, Australia	50,0	Proved	25,0	3,7	60	4,8	10	2,7	43	2,9	60	4,5	10	3,0
	– Cooljarloo		Probable	149,0	2,7	61	4,5	10	3,1	131	2,5	61	4,1	10	3,4
			Total	174,0	2,8	61	4,6	10	3,0	174,0	2,6	61	4,2	10	3,3	–
	Tiwest, Australia	50,0	Proved	–	–	–	–	–	–	13,9	6,3	55	8,4	11	2,1
	– Jurien ⁽²⁴⁾		Probable	15,7	7,9	54	6,8	10	2,3	1,9	6,6	54	6,1	7	1,6
			Total	15,7	7,9	54	6,8	10	2,3	15,8	6,3	55	8,1	11	2,1	(0,63)
	Ticor, Australia	100,0	Proved	–	–	–	–	–	–	–	–	–	–	–	–
	– Dongara ⁽²⁵⁾		Probable	20,2	10,2	50	6,7	9	1,3	22,1	10,0	48	7,0	10	2,0
			Total	20,2	10,2	50	6,7	9	1,3	22,1	10,0	48	7,0	10	2,0	(8,60)

2005

2004

ROM

attributable

Reserve

tonnes

Saleable

tonnes

Saleable

Commodity

Operation

to Kumba

category

(million)

Grade

product

(million)

Grade

product

change

metal

% Zn

% Pb

(kt)

% Zn

% Pb

(kt)

Base

Rosh Pinah Mine⁽²⁶⁾

89,5

Proved

2,7

11,1

2,4

300

1,0

9,5

2,7

metals

(zinc and lead)

Probable

1,9

7,7

2,3

148

2,7

10,9

2,6

299

Total

4,6

9,7

2,4

448

110

3,7

10,6

2,7

390

24,81

Metallurgical

Metallurgical

% SiO2

dolomite (Mt)

% SiO2

dolomite (Mt)

Industrial

Glen Douglas

100,0

Proved

40,3

<2,5

38,3

33,8

<2,5

N/A

minerals

Dolomite Mine⁽²⁷⁾

Probable

–

Total

40,3

<2,5

38,3

33,8

<2,5

N/A

19,28

Bridgetown

50,0

Proved

7,3

~1,0

4,0

7,7

~1,0

4,6

Dolomite Mine⁽²⁸⁾

Probable

–

Total

7,3

~1,0

4,0

7,7

~1,0

4,6

(5,85)

Aggregate (Mt)

Glen Douglas

100,0

Proved

13,0

Raw dolomite

12,3

12,2

Raw dolomite

N/A

Dolomite Mine⁽²⁷⁾

Probable

–

Total

13,0

Raw dolomite

12,3

12,2

Raw dolomite

N/A

–

Bridgetown

50,0

Proved

–

Plant fines

3,3

–

Plant fines

3,1

Dolomite Mine⁽²⁸⁾

Probable

–

Total

–

Plant fines

3,3

–

Plant fines

3,1

5,93

The tonnages are quoted in metric tonnes and million tonnes is abbreviated as Mt.

Rounding of figures may cause computational discrepancies.

Figures reported at 100% irrespective of percentage attributable to Kumba.

Note that ALL operations and projects were externally audited in 2005 as part of the Kumba/Newco due diligence process.

16	Ore reserves have increased significantly (42%) by the inclusion of jig plant ore (only DMS plant ore was reported in 2004). Note that 492Mt of the total mineral resource is banded iron formation (BIF) material of which about 55% can be blended for the jig plant; the remainder will be stockpiled. All stockpiled BIF at the end of the mine’s life is excluded from the reported ore reserves. The 2005 total saleable product comprises the following: 600Mt @ 65,7% Fe from the DMS plant and 243Mt @ 64,0% Fe from the jig plant.
17	Mining depletion of 3Mt accounts for most of the decrease in ore reserves. 2,95Mt inferred mineral resources are included in the pit shells – these are not included in the ore reserve figures reported.
18	Not reported in 2004. Estimates are for a 9Mt per annum open-pit operation.
19	There is a 7,8Mt increase in the saleable coking coal and 20,2Mt decrease in the saleable thermal coal tonnages due to a re-configuration of the beneficiation capabilities of Grootegeluk mine to create a higher-value product.
20	The reserve estimate includes 53,4Mt proved and 16,2Mt probable coal reserves that occur in an area where prospecting rights are under appeal. These reserves are quoted pending the outcome of the appeal (SAMREC 5.5.1). The decrease in coal resources resulted in a concomitant decrease in coal reserves.
21	Coal reserves formerly reported for a portion not included in the mine lease area have been excluded (0,2Mt) from the 2005 estimate.
22	Mining depletion (8,2Mt) and modification of the mining boundary in relation to the mining fence (2,2Mt) explain the decrease in ore reserves from 2004 to 2005. Leucoxene was not reported in 2004.
23	Fairbreeze C Ext is included pending the approval of the mining right application. As the mining right has not yet been granted, the measured mineral resources have been converted to probable ore reserves (SAMREC 5.1.1). Note that Fairbreeze C Ext ore reserves were estimated using a cut-off of 3% ilmenite not the 1,5% ilmenite used for Fairbreeze C. All valuable heavy minerals for Fairbreeze C and C Ext. and ilmenite for Fairbreeze A and B can be estimated with the highest confidence (proved). Fairbreeze A and B zircon, rutile and leucoxene are estimated with lower confidence (probable). Therefore, the 2005 proved and probable grades for zircon, rutile and leucoxene relate to 17Mt and 164Mt respectively. Leucoxene was not reported in 2004.
24	Proved ore reserves have been downgraded to probable ore reserves with the updating of the geological models and new mineral resource estimates.
25	Reported as Magnetic Minerals in 2004.
26	Mining depletion (0,6Mt) and the addition of ore reserves from the conversion of mineral resources delineated during the intensive exploration programme in 2005 explain the increase in ore reserves at Rosh Pinah in 2005.
27	The deepening and subsequent redesign of the pit resulted in increases of 7,7Mt (metallurgical) and 1,2Mt (aggregate) dolomite reserves.
28	The ore reserve was depleted by mining activities (0,3Mt), however, changes in saleable tonnes are due to an increase in fines production at the plant. Note the 2004 saleable aggregate tonnage was incorrectly reported as 3,9Mt instead of 3,1Mt.