The group’s audited financial results and actual physical information for the
12-month periods ended 31 December 2008 and 2007 are not comparable as a result of the acquisition of Namakwa Sands and a
26% interest in Black Mountain Mining (Pty) Limited (Black Mountain) effective from 1 October and 1 November 2008 respectively.
The audited financial results for the 12-month period ended 31 December 2008 include Namakwa Sands fully consolidated for the last
three months with Black Mountain equity accounted for the final two months of the period. |