ABBREVIATIONS

AAatomic absorption
AASatomic absorption spectrometry
AARLAnglo American Research Laboratories
ADRAmerican Depositary Receipts
ADTsarticulated dump trucks
AIDSthe Acquired Immune Deficiency Syndrome
AMSLabove mean sea-level
BIDbase information date
BIFbanded iron formation
BQdiamond drill core size 36.5mm in diameter
CoGcut-off grade
CORCertificate of Registration
CPCCentral Processing Complex
CPIConsumer Price Index
CPRCompetent Persons’ Report
CSCoarse Sinter iron ore
CSOCentral Survey Office
DBIRDDepartment of Business, Industry and Resource Development (Australia)
DCF discounted cash flow
DEAT Department of Environment and Tourism (South Africa)
DIFR disabling injury frequency rate
DM dense medium
DME Department of Minerals and Energy
DMS Dense Medium Separation
DOIR Department of Industry and Resources (Australia)
DR direct reduction
DRS direct reduction sinter
DTM digital terrain model
DWAF Department of Water Affairs and Forestry
EB Expenditure Base
ECA Environmental Conservation Act (South Africa)
EIA Environmental Impact Assessment
EMP Environmental Management Programme
EMPR Environmental Management Programme Report
EOF Eastern Ore Field
EPA Environmental Protection Act (Australia)
EPL Exploration Prospecting Licences
EPBC Environmental Protection and Biodiversity Conservation
FA fire assay
FAT Fraser Alexander Tailings
FEL Front End Loader
FFR fatality frequency rate
FM Financial Models
FOB free onboard
GIS Geographical Information System
GPS Global Positioning System
GDP Gross Domestic Product
GG1 Grootegeluk coal benefication plant No.1
GG2 Grootegeluk coal benefication plant No. 2
GG3 Grootegeluk coal benefication plant No. 3
GG4 Grootegeluk coal benefication plant No. 4
GG5 Grootegeluk coal benefication plant No. 5
GG6 Grootegeluk coal benefication plant No. 6
GN Government Notice
H Horizontal
HIV Human immuno deficiency virus
HMC Heavy Mineral Concentrates
HMS Heavy Medium Separation
HQ diamond drill core size 63.5mm in diameter
ICRG International Country Risk Grade
IHM Iscor Heavy Minerals
IMC International Mining Consultants
IRR the Internal Rate of Return (the discount rate which applies when NPV = 0)
ISO International Standards Organisation
IWULA Integrated Water Use Licence Application
JORC Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy
JSE JSE Limited
LM Land Management
L Level
LAC Low Ash Coal
LHD Load haul dump
LME London Metal Exchange
LMPI low manganese pig iron
MCF Mine Call Factor
MEE Multiple of Exploration Expenditures
MMW Minimum mining width
MDL Mineral Deposits Limited
MDS Mineral Density Separator
MPRDA Mineral and Petroleum Resources Development Act
MRNL Madagascar Resources NL
MSP Mineral Separation Plant
NAR Net As Received calorific value is the lower expected useful calorific content taking into account the latent heat of the water vapour produced
NASDAQ National Association of Securities Dealers Automated Quotation System
NGO Non-Governmental organisation
NNR National Nuclear Regulator (South Africa)
No. Number
NYSE New York Stock Exchange, Inc
NPV Net present value
NUM National Union of Mineworkers
NQ diamond drill core size 47.6mm in diameter
OECD the Organisation for Economic Co-operation and Development
OHS Occupational Health and Safety
OHSAS Occupational Health and Safety Assessment Series
OK ordinary kriging
ONE Office de l’Environment (Madagascar)
PCI pulverised coal injection
PCP primary concentrating plants
PEM Prospectivity Enhancement Multiplier
PPP Purchase Price Parity
PWP Primary Wet Plant
QA/QC Quality Assurance and Quality Control
RoM Run-of-Mine
RoR Rate of Rise
SABS South African Bureau of Standards
RBCT Richard’s Bay Coal Terminal
RC Reverse circulation
RoR Rate of Rise
RSA Republic of South Africa
SAMREC South African Mineral Resource Committee
SANAS South African National Accreditation System
SANS South African National Standard
SARS South African Revenue Services
SEC United States Securities and Exchange Commission
SEDEX sedimentary exhalative base metal
SEP Sishen Expansion Project
SHE Safety, Health and Environment
SHEQ Safety, Health, Environment and Quality
SLP Social Labour Plan
SMU Selective Mining Unit
SR synthetic rutile
SRP synthetic rutile plant
SSF Sasol Synthetic Fuels
SRK collectively, SRK South Africa (Proprietary) Limited and Steffen, Robertson and Kirsten (UK)
SRK Group SRK Global Limited
TBE tetra-bromo-ethane
TBL terminal benefits liability
TEC Total Employees Costed
TE Models Technical Economic Models
TEMs Technical Economic Models
TEPs Technical Economic Parameters
THM Total Heavy Mineral
TIFR Total injury frequency rate
TZMI TZ Minerals International Proprietary Limited
UG underground
US the United States of America
USA the United States of America
V Vertical
VHM valuable heavy minerals
WACC weighted average cost of capital
WHIMS Wet High Intensity Magnetic Separation
WRC Water and Rivers Commission (Australia)
XRF X-Ray fluorescence



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