| FY14 | FY13 | FY12 | |
|---|---|---|---|
| Number of employees | |||
| – Permanent | 2 868 | 3 098 | 3 087 |
| – Contractors | 118 | 233 | 140 |
| Total | 2 986 | 3 331 | 3 218 |
| Operational | |||
| Volumes milled (000t) | 670 | 868 | 933 |
| Gold produced (kg) | 2 718 | 3 616 | 3 220 |
| Gold produced (oz) | 87 385 | 116 256 | 103 526 |
| Grade (g/t) | 4.06 | 4.17 | 3.45 |
| Productivity (g/TEC) | 78.00 | 99.88 | 93.66 |
| Development results | |||
| Total metres (excl. capital metres) | 10 079 | 10 600 | 10 081 |
| Reef metres | 1 547 | 1 574 | 1 602 |
| Financial | |||
| Revenue (Rm) | 1 171 | 1 640 | 1 349 |
| Average gold price received (R/kg) | 432 416 | 455 782 | 421 106 |
| Production profit/(loss) (Rm) | 188 | 665 | 505 |
| Capital expenditure (Rm) | 168 | 171 | 208 |
| Cash operating cost (R/kg) | 360 006 | 272 403 | 263 900 |
| All-in sustaining cost (R/kg) | 450 210 | 346 557 | 351 665 |
| Safety | |||
| No of fatalities | 2 | 1 | 0 |
| Lost-time injury frequency rate per million hours worked | 15.80 | 7.31 | 13.52 |
| Environmental | |||
| Electricity consumption (GWh) | 196 | 208 | 208 |
| Water consumption – primary activities (ML) | 874 | 891 | 1 577 |
| greenhouse gas emissions (000t CO2e) | 195 | 206 | 206 |
| Intensity data per tonne treated | |||
| – energy | 0.29 | 0.24 | 0.22 |
| – water | 1.30 | 1.03 | 1.69 |
| – greenhouse gas emissions | 0.29 | 0.23 | 0.22 |
| Number of reportable environmental incidents | 0 | 0 | 0 |
| Community | |||
| Local economic development (Rm)* | 17 | 15 | 8 |
| Training and development (Rm) | 20.3 | 13.4 | 17.0 |
* Included in the total for FY14 is an amount of R11 million that was capitalised as part of the hostel upgrades
Production fell below expectations due to a shortage of accessible stope face length, while the available high-grade B reef block has been depleted. Efforts have continued to address these issues and the need for cleaner mining. Operating and profitability improvements include the investigation into mining the remaining high-grade reef pillars on the B and Basal reef horizons to increase the face grade, and into reducing maintenance capital spending to levels commensurate with a mature mine’s needs.
Restructuring in terms of labour was completed. Face length availability increased during the year and this together with the reduced number of stoping crews resulted in greater mining flexibility.
Both delivered and recovered grade declined during the year and various steps were taken to improve these, including mining of the Basal reef pillars and known high-grade B reef areas. This will assist in increasing gold production in the short term.
Illegal mining poses a challenge to the safety of our employees and our operation at Masimong. A project to ensure the security of this operation was conducted and illegal miners were apprehended and arrested. Steps were taken to prevent them from accessing the mine.