| Table 1.1 |
Compliance Cross-Reference |
| Table 1.2 |
Base-case Macro-economic Projections (2006 – 2025) |
| Table 1.3 |
Base-case Macro-economic Projections (2026 – 2045) |
| Table 2.1 |
Historical Milestones |
| Table 2.2 |
Salient Historical Operating Statistics |
| Table 2.3 |
Sishen Mine: Historical Production |
| Table 2.4 |
Sishen Mine: Current Infrastructure |
| Table 2.5 |
Sishen Mine: Historical Operating Statistics |
| Table 2.6 |
Thabazimbi Mine: Historical Production |
| Table 2.7 |
Thabazimbi Mine: Current Infrastructure |
| Table 2.8 |
Thabazimbi Mine: Historical Operating Statistics |
| Table 2.9 |
Iron Ore Exploration Properties: Development Stages |
| Table 2.10 |
Exploration, Iron Ore: Assen Project |
| Table 2.11 |
Exploration, Iron Ore: Kromdraai Project |
| Table 2.12 |
Exploration, Iron Ore: Sishen South Phase II Project |
| Table 2.13 |
Exploration, Iron Ore: Zandrivierpoort Project |
| Table 2.14 |
Exploration, Iron Ore: Falémé Project |
| Table 2.15 |
Exploration, Iron Ore: Phoenix Project |
| Table 2.16 |
Exploration, Iron Ore: Boven Zeekoebaart Project |
| Table 2.17 |
Grootegeluk Mine: Historical Production |
| Table 2.18 |
Grootegeluk Mine: Current Infrastructure |
| Table 2.19 |
Grootegeluk Mine: Historical Operating Statistics |
| Table 2.20 |
Leeuwpan Mine: Historical Production |
| Table 2.21 |
Leeuwpan Mine: Current Infrastructure |
| Table 2.22 |
Leeuwpan Mine: Historical Operating Statistics |
| Table 2.23 |
Tshikondeni Mine: Historical Production |
| Table 2.24 |
Tshikondeni Mine: Current Infrastructure |
| Table 2.25 |
Tshikondeni Mine: Historical Operating Statistics |
| Table 2.26 |
Arnot Colliery: Historical Production |
| Table 2.27 |
Arnot Colliery: Current Infrastructure |
| Table 2.28 |
Arnot Colliery: Historical Operating Statistics |
| Table 2.29 |
Matla Colliery: Historical Production |
| Table 2.30 |
Matla Colliery: Current Infrastructure |
| Table 2.31 |
Matla Colliery: Historical Operating Statistics |
| Table 2.32 |
New Clydesdale Colliery: Historical production |
| Table 2.33 |
New Clydesdale Colliery: Current Infrastructure |
| Table 2.34 |
New Clydesdale Colliery: Historical Operating Statistics |
| Table 2.35 |
North Block Complex: Historical Production |
| Table 2.36 |
North Block Complex: Current Infrastructure |
| Table 2.37 |
North Block Complex: Historical Operating Statistics |
| Table 2.38 |
Coal Exploration Properties: Development Stages |
| Table 2.39 |
Exploration, Coal: Grootegeluk West |
| Table 2.40 |
Exploration, Coal: Van Wykspan/Zonderwater |
| Table 2.41 |
Exploration, Coal: Vredehof |
| Table 2.42 |
Exploration, Coal: Strehla |
| Table 2.43 |
Exploration, Coal: Morambah South |
| Table 2.44 |
Exploration, Coal: Waterberg North and South |
| Table 2.45 |
Exploration, Coal: Sheepmoor North |
| Table 2.46 |
Exploration, Coal: Carolina |
| Table 2.47 |
Hillendale Mine: Historical Production |
| Table 2.48 |
Hillendale Mine: Current Infrastructure |
| Table 2.49 |
Hillendale Mine: Historical Operating Statistics |
| Table 2.50 |
Tiwest JV: Historical Operating Statistics |
| Table 2.51 |
Heavy Minerals Exploration Properties: Development Stages |
| Table 2.52 |
Exploration, Heavy Minerals: Manombe – Morombe Exploration Project |
| Table 2.53 |
Exploration, Heavy Minerals: Letsitele Project |
| Table 2.54 |
Exploration, Heavy Minerals: Gravelotte Project |
| Table 2.55 |
Exploration, Heavy Minerals: Port Durnford Project |
| Table 2.56 |
Exploration, Heavy Minerals: Fairbreeze Project Blocks A, B and D |
| Table 2.57 |
Exploration, Heavy Minerals: Kentani Project |
| Table 2.58 |
Rosh Pinah: Historical Production |
| Table 2.59 |
Rosh Pinah: Current Infrastructure |
| Table 2.60 |
Rosh Pinah: Historical Operating Statistics |
| Table 2.61 |
Zincor: Historical Operating Statistics |
| Table 2.62 |
Chifeng Phase II: Historical Operating Statistics |
| Table 2.63 |
Base Metals Exploration Properties: Development Stages |
| Table 2.64 |
Exploration, Base Metals: Zebrafontein Project |
| Table 2.65 |
Exploration, Base Metals: Rosh Pinah Project |
| Table 2.66 |
Exploration, Base Metals: Sperrgebiet Project |
| Table 2.67 |
Glen Douglas: Historical Production |
| Table 2.68 |
Glen Douglas: Current Infrastructure |
| Table 2.69 |
Glen Douglas: Historical Operating Statistics |
| Table 2.70 |
Kumba FerroAlloys: Historical Operating Statistics |
| Table 3.1 |
Sishen Mine: Typical In-situ Grades |
| Table 4.1 |
Sishen Mine: Mineral Resource and Reserve Statement (1 January 2006) |
| Table 4.2 |
Sishen South Project: Mineral Resource and Reserve Statement (1 January 2006) |
| Table 4.3 |
Thabazimbi Mine: Mineral Resource and Reserve Statement (1 January 2006) |
| Table 4.4 |
Iron Ore Mineral Resource Estimate (1 January 2006) |
| Table 4.5 |
Arnot Colliery: Physical and Quality Cut-off Parameters |
| Table 4.6 |
Matla Colliery: Physical and Quality Cut-off Parameters |
| Table 4.7 |
North Block Complex: Physical and Quality Cut-off Parameters |
| Table 4.8 |
Grootegeluk Mine: SRK – Audited Coal Resources and Coal Reserves (at 1 January 2006) |
| Table 4.9 |
Leeuwpan Mine: SRK – Audited Coal Resources and Coal Reserves (at 1 January 2006) |
| Table 4.9A |
Leeuwpan Mine: Effect of Land Tenure Application |
| Table 4.10 |
Tshikondeni Mine: SRK – Audited Coal Resources and Coal Reserves (at 1 January 2006) |
| Table 4.11 |
Arnot Colliery: SRK – Audited Coal Resources and Coal Reserves (at 1 January 2006) |
| Table 4.12 |
Matla Colliery: SRK – Audited Coal Resources and Coal Reserves (at 1 January 2006) |
| Table 4.13 |
New Clydesdale Colliery: SRK – Audited Coal Resources and Coal Reserves (at 1 January 2006) |
| Table 4.14 |
North Block Complex: SRK – Audited Coal Resources and Coal Reserves (at 1 January 2006) |
| Table 4.15 |
Inyanda Project: SRK – Audited Coal Resources and Coal Reserves (at 1 January 2006) |
| Table 4.16 |
Mafube JV Phase II Project: SRK – Audited Coal Resources and Coal Reserves (at 1 January 2006) |
| Table 4.17 |
Belfast Project: SRK – Audited Coal Resources and Coal Reserves (at 1 January 2006) |
| Table 4.18 |
Ingcamgbu Project: SRK – Audited Coal Resources and Coal Reserves (at 1 January 2006) |
| Table 4.19 |
Strehla Project – Coal Resources (at 1 January 2006) |
| Table 4.20 |
Moranbah South Project – Coal Resources (at 1 January 2006) |
| Table 4.21 |
Ticor SA: SRK – Audited Resources and Reserves (at 1 January 2006) |
| Table 4.22 |
Ticor: SRK – Audited Resources and Reserves (at 1 January 2006) |
| Table 4.23 |
Heavy Minerals: Mineral Resource Estimate (at 1 January 2006) |
| Table 4.24 |
Rosh Pinah: SRK – Audited Resources and Reserves (at 1 January 2006) |
| Table 4.25 |
Glen Douglas: Yield Factors and Densities |
| Table 4.26 |
Glen Douglas Mine: Mineral Resource and Reserves Statement (at 1 January 2006) |
| Table 5.1 |
Sishen Mine: Modifying Factors |
| Table 5.2 |
Sishen South Project: Modifying Factors |
| Table 5.3 |
Mining Methods of Coal Projects |
| Table 6.1 |
Sishen Mine: Main Plant Operating Statistics |
| Table 6.2 |
Sishen Mine: Main Plant Product Qualities |
| Table 6.3 |
SEP: Plant Product Qualities |
| Table 6.4 |
Sishen South Project: Plant Product Qualities |
| Table 6.5 |
Thabazimbi Mine: Plant Operating Statistics |
| Table 6.6 |
Thabazimbi Mine: Plant Product Qualities |
| Table 6.7 |
Tshikondeni Mine: Plant Product Specification |
| Table 6.8 |
Thshikondeni Mine: Plant Products |
| Table 7.1 |
Sishen Mine: Tailings Dam Capacities |
| Table 7.2 |
Thabazimbi Mine: Tailings Dams, Current Operating Specifications |
| Table 7.3 |
Thabazimbi Mine: Tailings Dams Capacities |
| Table 8.1 |
Estimated Real Capital Expenditures – Scenario I |
| Table 8.2 |
Estimated Real Capital Expenditures – Scenario II |
| Table 9.1 |
Historical and Current Workforce Deployment for the Material Properties |
| Table 9.2 |
Exxaro: Historical LoM Productivity Statistic |
| Table 9.3 |
Material Properties Terminal Benefits Liabilities |
| Table 10.1 |
Historical Safety Statistics – Fatalities |
| Table 10.2 |
Historical Safety Statistics – Fatality Rate |
| Table 10.3 |
Historical Safety Statistics – LTIFR |
| Table 11.1 |
Environmental Liabilities as at 31 December 2005 in ZARm |
| Table 12.1 |
Royalty Assumptions |
| Table 12.2 |
Sishen Mine: Projected TEPs – Scenario I |
| Table 12.3 |
Sishen Mine: Projected TEPs – Scenario II |
| Table 12.4 |
Sishen South Project: Projected TEPs |
| Table 12.5 |
Thabazimbi Mine: Projected TEPs |
| Table 12.6 |
Grootegeluk Mine: Projected TEPs – Scenario I |
| Table 12.7 |
Grootegeluk Mine: Projected TEPs – Scenario II |
| Table 12.8 |
Leeuwpan Mine: Projected TEPs |
| Table 12.9 |
Tshikondeni Mine: Projected TEPs |
| Table 12.10 |
Arnot Colliery: Projected TEPs |
| Table 12.11 |
Matla Colliery: Projected TEPs |
| Table 12.12 |
New Clydesdale Colliery: Projected TEPs |
| Table 12.13 |
North Block Complex: Projected TEPs |
| Table 12.14 |
Sintel Char Project: Projected TEPs |
| Table 12.15 |
Inyanda Project: Projected TEPs |
| Table 12.16 |
Mafube JV Phase II Project: Projected TEPs – Scenario I |
| Table 12.17 |
Mafube JV Phase II Project: Projected TEPs – Scenario II |
| Table 12.18 |
Belfast Project: Projected TEPs – Scenario II |
| Table 12.19 |
Ingcambu Project: Projected TEPs |
| Table 12.20 |
Hillendale Mine and Fairbreeze Project: Projected TEPs |
| Table 12.21 |
Ticor Smelter: Projected TEPs |
| Table 12.22 |
Tiwest JV: Projected TEPs |
| Table 12.23 |
Rosh Pinah: Projected TEPs |
| Table 12.24 |
Zincor: Projected TEPs |
| Table 12.25 |
Chifeng: Projected TEPs |
| Table 12.26 |
Glen Douglas: Projected TEPs |
| Table 12.27 |
Kumba FerroAlloys: Projected TEPs |
| Table 13.1 |
Base-case Spot Contract Price Projections for Iron Ore (2006 – 2025) |
| Table 13.2 |
Base-case Commodity Projections for Coal (2006 – 2025) |
| Table 13.3 |
Base-case Commodity Projections for Heavy Minerals (2006 – 2025) |
| Table 13.4 |
Base-case Commodity Projections for Base Metals (2006 – 2025) |
| Table 14.1 |
WACC Calculations for Material Properties Located in South Africa and Australia |
| Table 14.2 |
Taxation Input Parameters as at 1 January2006 |
| Table 14.3 |
Working Capital Input Parameters as at 1 January 2006: Opening Balances |
| Table 14.4 |
Working Capital Input Parameters as at 1 January 2006: Days |
| Table 14.5 |
Sishen Mine: FM in ZAR Nominal Terms (2006 to 2018) Scenario I |
| Table 14.6 |
Sishen Mine: FM in ZAR Nominal Terms (2019 to 2025) Scenario I |
| Table 14.7 |
Sishen Mine: FM in ZAR Nominal Terms (2006 to 2018) Scenario II |
| Table 14.8 |
Sishen Mine: FM in ZAR Nominal Terms (2019 to 2029) Scenario II |
| Table 14.9 |
Sishen South Project: FM in ZAR Nominal Terms (2006 to 2018) |
| Table 14.10 |
Sishen South Project: FM in ZAR Nominal Terms (2019 to 2029) |
| Table 14.11 |
Thabazimbi Mine: FM in ZAR Nominal Terms (2006 to 2010) |
| Table 14.12 |
Grootegeluk Mine: FM in ZAR Nominal Terms (2006 to 2025) Scenario I (Excluding Inferred Resources) |
| Table 14.13 |
Grootegeluk Mine: FM in ZAR Nominal Terms (2006 to 2025) Scenario II (Including Inferred Resources) |
| Table 14.14 |
Grootegeluk Mine: FM in ZAR nominal terms (2026 to 2045) Scenario II (Including Inferred Resources) |
| Table 14.15 |
Leeuwpan Mine: FM in ZAR Nominal Terms (2006 to 2020) |
| Table 14.16 |
Leeuwpan Mine: FM in ZAR Nominal Terms (2021 to 2035) |
| Table 14.17 |
Tshikondeni Mine: FM in ZAR Nominal Terms (2006 to 2014) |
| Table 14.18 |
Arnot Colliery: FM in ZAR Nominal Terms(1) (2006 to 2018) |
| Table 14.19 |
Matla Colliery: FM in ZAR Nominal Terms(1) (2006 to 2020) |
| Table 14.20 |
Matla Colliery: FM in ZAR Nominal Terms(1) (2021 to 2024) |
| Table 14.21 |
New Clydesdale Colliery: FM in ZAR Nominal Terms (2006 to 2012) |
| Table 14.22 |
North Block Complex: FM in ZAR Nominal Terms (2006 to 2012) |
| Table 14.23 |
Sintel Char Project: FM in ZAR Nominal Terms (2006 to 2025) |
| Table 14.24 |
Inyanda Project: FM in ZAR Nominal Terms (2006 to 2018) |
| Table 14.25 |
Mafube JV Phase II Project: FM in ZAR Nominal Terms (2006 to 2021) Scenario I (Excluding Nooitgedacht Inferred Resources) |
| Table 14.26 |
Mafube JV Phase II Project: FM in ZAR Nominal Terms (2006 to 2027) Scenario II (Including Nooitgedacht Inferred Resources) |
| Table 14.27 |
Belfast Project: FM in ZAR Nominal Terms (2006 to 2020) |
| Table 14.28 |
Belfast Project: FM in ZAR Nominal Terms (2021 to 2035) |
|
Table 14.29
| Ingcambu Project: FM in ZAR Nominal Terms (2006)
|
| Table 14.30 |
Hillendale Mine and Fairbreeze Project: FM in ZAR Nominal Terms (2006 to 2017) |
| Table 14.31 |
Ticor Smelter: FM in ZAR Nominal Terms (2006 to 2020) |
| Table 14.32 |
Ticor Smelter: FM in ZAR Nominal Terms (2021 to 2035) |
| Table 14.33 |
Tiwest JV: FM in AUD Nominal Terms (2006 to 2026) |
| Table 14.34 |
Rosh Pinah: FM in ZAR Nominal Terms (2006 to 2010) |
| Table 14.35 |
Zincor: FM in ZAR Nominal Terms (2006 to 2019) |
| Table 14.36 |
Zincor: FM in ZAR Nominal Terms (2020 to 2033) |
| Table 14.37 |
Chifeng: FM in RMB Nominal Terms (2006 to 2020) |
| Table 14.38 |
Chifeng: FM in RMB Nominal Terms (2021 to 2033) |
| Table 14.39 |
Glen Douglas: FM in ZAR Nominal Terms (2006 to 2020) |
| Table 14.40 |
Glen Douglas: FM in ZAR Nominal Terms (2021 to 2035) |
| Table 14.41 |
Kumba FerroAlloys: FM in ZAR Nominal Terms (2006 to 2020) |
| Table 14.42 |
Kumba FerroAlloys: FM in ZAR Nominal Terms (2021 to 2035) |
| Table 14.43 |
Sishen Mine: NPV at Various Discount Factors Scenario I |
|
Table 14.44 |
Sishen Mine: NPV Sensitivity to WACC Scenario I |
|
Table 14.45 |
Sishen Mine: Single Parameter NPV Sensitivity at the WACC Scenario I |
|
Table 14.46 |
Sishen Mine: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) Scenario I |
|
Table 14.47 |
Sishen Mine: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) Scenario I |
|
Table 14.48 |
Sishen Mine: NPV at Various Discount Factors Scenario II |
|
Table 14.49 |
Sishen Mine: NPV Sensitivity to WACC Scenario II |
|
Table 14.50 |
Sishen Mine: Single Parameter NPV Sensitivity at the WACC Scenario II |
|
Table 14.51 |
Sishen Mine: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) Scenario II |
|
Table 14.52 |
Sishen Mine: Twin Parameter NPV Sensitivity at the WACC (Re enue, Capital Expenditure) Scenario II |
|
Table 14.53 |
Sishen South Project: NPV at Various Discount Factors |
|
Table 14.54 |
Sishen South Project: NPV Sensitivity to WACC |
|
Table 14.55 |
Sishen South Project: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.56 |
Sishen South Project: Twin Parameter NPV Sensitivity at the WACC (Reenue, Working Costs) |
|
Table 14.57 |
Sishen South Project: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) |
|
Table 14.58 |
Sishen South Project: Twin Parameter IRR Sensitivity (Revenue, Working Costs) |
|
Table 14.59 |
Sishen South Project: Twin Parameter IRR sensitivity (Revenue, Capital Expenditure) |
|
Table 14.60 |
Thabazimbi Mine: NPV at Various Discount Factors |
|
Table 14.61 |
Thabazimbi Mine: NPV Sensitivity to WACC |
|
Table 14.62 |
Thabazimbi Mine: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.63 |
Thabazimbi Mine: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.64 |
Thabazimbi Mine: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) |
|
Table 14.65 |
Grootegeluk Mine: NPV at Various Discount Factors Scenario I |
|
Table 14.66 |
Grootegeluk Mine: NPV Sensitivity to WACC Scenario I |
|
Table 14.67 |
Grootegeluk Mine: Single Parameter NPV Sensitivity at the WACC Scenario I |
|
Table 14.68 |
Grootegeluk Mine: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) Scenario I |
|
Table 14.69 |
Grootegeluk Mine: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) Scenario I |
|
Table 14.70 |
Grootegeluk Mine: NPV at Various Discount Factors Scenario II |
|
Table 14.71 |
Grootegeluk Mine: NPV Sensitivity to WACC Scenario II |
|
Table 14.72 |
Grootegeluk Mine: Single Parameter NPV Sensitivity at the WACC Scenario II |
|
Table 14.73 |
Grootegeluk Mine: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) Scenario II |
|
Table 14.74 |
Grootegeluk Mine: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) Scenario II |
|
Table 14.75 |
Leeuwpan Mine: NPV at Various Discount Factors |
|
Table 14.76 |
Leeuwpan Mine: NPV Sensitivity to WACC |
|
Table 14.77 |
Leeuwpan Mine: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.78 |
Leeuwpan Mine: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.79 |
Leeuwpan Mine: Twin parameter NPV sensitivity at the WACC (Revenue, Capital Expenditure) |
|
Table 14.80 |
Tshikondeni Mine: NPV at Various Discount Factors |
|
Table 14.81 |
Tshikondeni Mine: NPV Sensitivity to WACC |
|
Table 14.82 |
Tshikondeni Mine: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.83 |
Tshikondeni Mine: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.84 |
Tshikondeni Mine: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) |
|
Table 14.85 |
Arnot Colliery: NPV at Various Discount Factors |
|
Table 14.86 |
Arnot Colliery: NPV Sensitivity to WACC |
|
Table 14.87 |
Arnot Colliery: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.88 |
Arnot Colliery: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.89 |
Matla Colliery: NPV at Various Discount Factors |
|
Table 14.90 |
Matla Colliery: NPV Sensitivity to WACC |
|
Table 14.91 |
Matla Colliery: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.92 |
Matla Colliery: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.93 |
New Clydesdale Colliery: NPV at Various Discount Factors |
|
Table 14.94 |
New Clydesdale Colliery: NPV Sensitivity to WACC |
|
Table 14.95 |
New Clydesdale Colliery: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.96 |
New Clydesdale Colliery: Twin Parameter NPV Sensitivity at the WACC (Revenue,Working Costs) |
|
Table 14.97 |
New Clydesdale Colliery: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) |
|
Table 14.98 |
North Block Complex: NPV at Various Discount Factors |
|
Table 14.99 |
North Block Complex: NPV Sensitivity to WACC |
|
Table 14.100 |
North Block Complex: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.101 |
North Block Complex: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.102 |
North Block Complex: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) |
|
Table 14.103 |
Sintel Char Project: NPV at Various Discount Factors |
|
Table 14.104 |
Sintel Char Project: NPV Sensitivity to WACC |
|
Table 14.105 |
Sintel Char Project: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.106 |
Sintel Char Project: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.107 |
Sintel Char Project: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) |
|
Table 14.108 |
Sintel Char Project: Twin Parameter IRR Sensitivity (Revenue, Working Costs) |
|
Table 14.109 |
Sintel Char Project: Twin Parameter IRR Sensitivity (Revenue, Capital Expenditure) |
|
Table 14.110 |
Inyanda Project: NPV at Various Discount Factors |
|
Table 14.111 |
Inyanda Project: NPV Sensitivity to WACC |
|
Table 14.112 |
Inyanda Project: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.113 |
Inyanda Project: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.114 |
Inyanda Project: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) |
|
Table 14.115 |
Inyanda Project: Twin Parameter IRR Sensitivity (Revenue, Working Costs) |
|
Table 14.116 |
Inyanda Project: Twin Parameter IRR Sensitivity (Revenue, Capital Expenditure) |
|
Table 14.117 |
Mafube JV Phase II Project: NPV at Various Discount Factors Scenario I |
|
Table 14.118 |
Mafube JV Phase II Project: NPV Sensitivity to WACC Scenario I |
|
Table 14.119 |
Mafube JV Phase II Project: Single Parameter NPV Sensitivity at the WACC Scenario I |
|
Table 14.120 |
Mafube JV Phase II Project: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) Scenario I |
|
Table 14.121 |
Mafube JV Phase II Project: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) Scenario I |
|
Table 14.122 |
Mafube JV Phase II Project: Twin Parameter IRR Sensitivity (Revenue, Working Costs) Scenario I |
|
Table 14.123 |
Mafube JV Phase II Project: Twin Parameter IRR Sensitivity (Revenue, Capital Expenditure) Scenario I |
|
Table 14.124 |
Mafube JV Phase II Project: NPV at Various Discount Factors Scenario II |
|
Table 14.125 |
Mafube JV Phase II Project: NPV Sensitivity to WACC Scenario II |
|
Table 14.126 |
Mafube JV Phase II Project: Single Parameter NPV Sensitivity to WACC Scenario II |
|
Table 14.127 |
Mafube JV Phase II Project: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) Scenario II |
|
Table 14.128 |
Mafube JV Phase II Project: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) Scenario II |
|
Table 14.129 |
Mafube JV Phase II Project: Twin Parameter IRR Sensitivity (Revenue, Working Costs) Scenario II |
|
Table 14.130 |
Mafube JV Phase II Project: Twin Parameter IRR Sensitivity (Revenue, Capital Expenditure) Scenario II |
|
Table 14.131 |
Belfast Project: NPV at Various Discount Factors |
|
Table 14.132 |
Belfast Project: NPV Sensitivity to WACC |
|
Table 14.133 |
Belfast Project: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.134 |
Belfast Project: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.135 |
Belfast Project: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) |
|
Table 14.136 |
Belfast Project: Twin Parameter IRR Sensitivity (Revenue, Working Costs) |
|
Table 14.137 |
Belfast Project: Twin Parameter IRR Sensitivity (Revenue, Capital Expenditure) |
|
Table 14.138 |
Ingcambu Project: NPV at Various Discount Factors |
|
Table 14.139 |
Ingcambu Project: NPV Sensitivity to WACC |
|
Table 14.140 |
Ingcambu Project: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.141 |
Ingcambu Project: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.142 |
Hillendale Mine and Fairbreeze Project: NPV at Various Discount Factors |
|
Table 14.143 |
Hillendale Mine, Fairbreeze Project and Block P: NPV Sensitivity to WACC Scenario I |
|
Table 14.144 |
Hillendale Mine and Fairbreeze Project: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.145 |
Hillendale Mine, Fairbreeze Project: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.146 |
Hillendale Mine, Fairbreeze Project and Block P: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) |
|
Table 14.147 |
Ticor Smelter: NPV at Various Discount Factors |
|
Table 14.148 |
Ticor Smelter: NPV Sensitivity to WACC |
|
Table 14.149 |
Ticor Smelter: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.150 |
Ticor Smelter: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.151 |
Ticor Smelter: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) |
|
Table 14.152 |
Tiwest JV: NPV at Various Discount Factors |
|
Table 14.153 |
Tiwest JV: NPV Sensitivity to WACC |
|
Table 14.154 |
Tiwest JV: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.155 |
Tiwest JV: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.156 |
Tiwest JV: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) |
|
Table 14.157 |
Rosh Pinah: NPV at Various Discount Factors |
|
Table 14.158 |
Rosh Pinah: NPV Sensitivity to WACC |
|
Table 14.159 |
Rosh Pinah: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.160 |
Rosh Pinah: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.161 |
Rosh Pinah: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) |
|
Table 14.162 |
Zincor: NPV at Various Discount Factors |
|
Table 14.163 |
Zincor: NPV Sensitivity to WACC |
|
Table 14.164 |
Zincor: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.165 |
Zincor: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.166 |
Zincor: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) |
|
Table 14.167 |
Chifeng Phase II and Phase III: NPV at Various Discount Factors |
|
Table 14.168 |
Chifeng Phase II and Phase III: NPV Sensitivity to WACC |
|
Table 14.169 |
Chifeng Phase II and Phase III: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.170 |
Chifeng Phase II and Phase III: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.171 |
Chifeng Phase II and Phase III: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) |
|
Table 14.172 |
Glen Douglas: NPV at Various Discount Factors |
| Table 14.173 |
Glen Douglas: NPV Sensitivity to WACC |
| Table 14.174 |
Glen Douglas: Single Parameter NPV Sensitivity at the WACC |
| Table 14.175 |
Glen Douglas: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
| Table 14.176 |
Glen Douglas: Twin Parameter NPV Sensitivity at the WACC (Revenue, Capital Expenditure) |
| Table 14.177 |
Kumba FerroAlloys: NPV at Various Discount Factors |
| Table 14.178 |
Kumba FerroAlloys: NPV Sensitivity to WACC |
|
Table 14.179 |
Kumba FerroAlloys: Single Parameter NPV Sensitivity at the WACC |
|
Table 14.180 |
Kumba FerroAlloys: Twin Parameter NPV Sensitivity at the WACC (Revenue, Working Costs) |
|
Table 14.181 |
Kumba FerroAlloys: Twin Parameter NPV Sensitivity at the WACC (Revenue,Capital Expenditure) |
|
Table 14.182 |
Kumba – Summary Valuation:
Mineral Rights, Exploration Properties and Non-LoM Mineral Resources |
|
Table 14.183 |
Eyesizwe – Summary Valuation: Mineral Rights, Exploration Properties and Non-LoM |
|
Table 14.184 |
Exxaro – Summary Valuation:
Mineral Rights, Exploration Properties and Non-LoM |
|
Table 14.185
|
Summary of Valuation Adjustments – Kumba |
|
Table 14.186
|
Summary of Valuation Adjustments – Eyesizwe |
|
Table 14.187
|
Summary of Valuation Adjustments – Exxaro |
| Table 15.1 |
Kumba Equity Value Analysis Scenario I |
| Table 15.2 |
Kumba Equity Value Analysis Scenario II |
| Table 15.3 |
Eyesizwe Equity Value Analysis Scenario I |
| Table 15.4 |
Eyesizwe Equity Value Analysis Scenario II |
| Table 15.5 |
Exxaro Equity Value Analysis Scenario I |
| Table 15.6 |
Exxaro Equity Value Analysis Scenario II |
| Table 15.7 |
Kumba Iron Ore Equity Value Analysis Scenario I |
| Table 15.8 |
Kumba Iron Ore Equity Value Analysis Scenario II |
| Table 15.9 |
Kumba Equity Value Analysis: WACC Sensitivity Analysis Scenario I |
| Table 15.10 |
Kumba Equity Value Analysis: WACC Sensitivity Analysis Scenario II |
| Table 15.11 |
Eyesizwe Equity Value Analysis: WACC Sensitivity Analysis Scenario I |
| Table 15.12 |
Exxaro Equity Value Analysis: WACC Sensitivity Analysis Scenario II |
| Table 15.13 |
Exxaro Equity Value Analysis: WACC Sensitivity Analysis Scenario I |
| Table 15.14 |
Exxaro Equity Value Analysis: WACC Sensitivity Analysis Scenario II |
| Table 15.15 |
Kumba: Single Parameter Equity Value Sensitivity at the WACC
Scenario I |
| Table 15.16 |
Kumba: Single Parameter Equity Value Sensitivity at the WACC
Scenario II |
| Table 15.17 |
Eyesizwe: Single Parameter Equity Value Sensitivity at the WACC
Scenario I |
| Table 15.18 |
Exxaro: Single Parameter Equity Value Sensitivity at the WACC
Scenario II |
| Table 15.19 |
Exxaro: Single Parameter Equity Value Sensitivity at the WACC
Scenario I |
| Table 15.20 |
Exxaro: Single Parameter Equity Value Sensitivity at the WACC
Scenario II |
| Table 16.1 |
Summary Equity Value and Share Price: Equity Value Ratios for Kumba |
| Table 16.2 |
Summary Equity Value: Equity Value for Eyesizwe |
| Table 16.3 |
Summary Equity Value: Equity Value for Exxaro |
back to top
