gold prices december 2000 to september 2011

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GOLD PRICES December 2000 to September 2011. US$1 771. US$ per Ounce. | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011. Robertson Economic Information Services. GOLD PRICES December 2000 to October 28 2011. US$1 741. US$ per Ounce. - PowerPoint PPT Presentation

TRANSCRIPT

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GOLD PRICESDecember 2000 to September 2011

| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011

US

$ p

er O

un

ce

Robertson Economic Information Services

US$1 771

0

200

400

600

800

1 000

1 200

1 400

1 600

1 800

GOLD PRICESDecember 2000 to October 28 2011

| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011

US

$ p

er O

un

ce

Robertson Economic Information Services

US$1 741

0

200

400

600

800

1 000

1 200

1 400

1 600

1 800

2 000

GOLD PRICESDecember 2000 to December 2011

Month-End Prices

| 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011

US

$ p

er O

un

ce

Robertson Economic Information Services

US$1 574

GOLD PRODUCTION VOLUMES

0

5 000

10 000

15 000

20 000

25 000

30 000

19971998199920002001200220032004200520062007200820092010

Robertson Economic Information Services

KIL

OG

RA

MS

PE

R Y

EA

R

GOLD PRODUCTION VOLUMES

0

5 000

10 000

15 000

20 000

25 000

30 000

199719981999200020012002200320042005200620072008200920102011

Robertson Economic Information Services

KIL

OG

RA

MS

PE

R Y

EA

R

FIRST 8 MONTHS

2011

MINING PRODUCTION PLATINUM

01 0002 0003 000

4 0005 0006 0007 000

8 0009 000

10 000

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010Robertson Economic Information Services

KIL

OG

RA

MS

MINING PRODUCTION PLATINUM

01 0002 0003 000

4 0005 0006 000

7 0008 0009 000

10 000

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011Robertson Economic Information Services

KIL

OG

RA

MS

FIRST 8 MONTHS

2011

MINING PRODUCTION PALLADIUM

0

1 000

2 000

3 000

4 000

5 000

6 000

7 000

8 000

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010Robertson Economic Information Services

KIL

OG

RA

MS

MINING PRODUCTION RHODIUM

0

100

200

300

400

500

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Robertson Economic Information Services

KIL

OG

RA

MS

MINING PRODUCTION VOLUMES

0

1 000 000

2 000 000

3 000 000

4 000 000

5 000 000

2001 2002 2003 2004 2005 2006

Asbestos Black Granite Chrome Ore Coal

H/C Ferrochrome Iron Ore

TO

NN

ES

Robertson Economic Information Services

MINING PRODUCTION VOLUMES - BASE MINERALS

0

100 000

200 000

300 000

400 000

500 000

600 000

700 000

800 000

1998 2000 2002 2004 2006 2008 2010

Asbestos Black Granite Chrome Ore H/C FerrochromeIron Ore Lithium minerals Nickel Phosphate

TO

NN

ES

Robertson Economic Information Services

COAL PRODUCTION Tonnes per Month - Jan 1996 to Aug 2011

0

50 000

100 000

150 000

200 000

250 000

300 000

350 000

400 000

450 000

500 000

Tonnes

Robertson Economic Information ServicesTo August 2011

| 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011

HWANGE COLLIERYImproving Performance

First six months 2011 2010• Coal sales, millions of tonnes 1,16 1,18• Coking coal, tonnes 364 000 319 159• Revenue US$’m 48,6 45,2

-------------------------------------------------------------

US$180 million needed to update underground and opencast mining operations

Robertson Economic Information Services

COAL PRODUCTION Tonnes per Month - Jan 1996 to Aug 2011

0

50 000

100 000

150 000

200 000

250 000

300 000

350 000

400 000

450 000

500 000

Tonnes

Robertson Economic Information Services

| 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011

MINING PRODUCTION HIGH CARBON FERROCHROME

0

50 000

100 000

150 000

200 000

250 000

300 000

2001200220032004200520062007200820092010

TO

NN

ES

Robertson Economic Information Services

MINING PRODUCTION NICKEL

0

2 000

4 000

6 000

8 000

10 000

12 000

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

TO

NN

ES

PE

R Y

EA

R

Robertson Economic Information Services

0

5001 0001 5002 0002 5003 0003 5004 0004 5005 000

1998 2000 2002 2004 2006 2008 2010

TO

NN

ES

PE

R Y

EA

R

Robertson Economic Information Services

MINING PRODUCTION COPPER

MINING PRODUCTION COBALT

0

50

100

150

200

250

300

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

TO

NN

ES

MINING PRODUCTION IRON ORE

0

50 000

100 000

150 000

200 000

250 000

300 000

350 000

400 000

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

TO

NN

ES

Robertson Economic Information Services

MINING PRODUCTION PHOSPHATE ROCK

0

20 000

40 000

60 000

80 000

100 000

120 000

2001200220032004200520062007200820092010

TO

NN

ES

PE

R Y

EA

R

Robertson Economic Information Services

ASBESTOS PRODUCTION VOLUMES

0

20 000

40 000

60 000

80 000

100 000

120 000

140 000

160 000

180 000

199619971998199920002001200220032004200520062007200820092010

TO

NN

ES

Robertson Economic Information Services

MINING PRODUCTION IRON ORE

0

200 000

400 000

600 000

800 000

1 000 000

1 200 000

1 400 000

1 600 000

1 800 000

19781980198219841986198819901992199419961998200020022004200620082010

TO

NN

ES

Robertson Economic Information Services

MINING PRODUCTION IRON ORE

0

50 000

100 000

150 000

200 000

250 000

300 000

350 000

400 000

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

TO

NN

ES

Robertson Economic Information Services

ZISCO STEEL SALES

0

5 000

10 000

15 000

20 000

25 000

30 000

Jan Mar May Jul Sep Nov

Deformed Bars

Square Bars

Round Bars

Rods

Plough Beams

Fencing Standards

Window Section

Light Flats

Light Angles

Grader Blades

Plough Shares

Rails

Round Bars

Channels

Flats

Angles

Prime Billets

Pig Iron

2000FIRST MERCHANT BANK

TO

NN

ES

PER

MO

NTH

COMMODITY PRICESINDEX: DEC 2006=100

0

50

100

150

200

250

300

350CopperGoldNickelSilver

IND

EX

: D

ecem

ber

2006

=10

0

|| 2007 | 2008 | 2009 | 2010 | 2011 |

PLATINUM PRICES

0200400600800

1 0001 2001 4001 6001 8002 000

| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |

US

$ p

er O

un

ce

2011

2010

Robertson Economic Information Services

2012

GOLD & PLATINUM PRICES

0200400600800

1 0001 2001 4001 6001 8002 000

| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |

US

$ p

er O

un

ce

PLATINUM

2011Robertson Economic Information Services

GOLD

PALLADIUM PRICES

0100200300400500600700800900

1 000

| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |

US

$ p

er O

un

ce

2011

2010

Robertson Economic Information Services

GOLD PRICES

0200400600800

1 0001 2001 4001 6001 8002 000

| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |

US

$ p

er O

un

ce

2011

2010

Robertson Economic Information Services

2012

MINING PRODUCTION VOLUMES

0

50 000

100 000

150 000

200 000

250 000

300 000

2001 2002 2003 2004

Asbestos

H/C Ferrochrome

Phosphate

TO

NN

ES

Robertson Economic Information Services

MINING PRODUCTION VOLUMES – PRECIOUS METALS

Robertson Economic Information Services

KIL

OG

RA

MS

0

5 000

10 000

15 000

20 000

25 000

2001 2002 2003 2004 2005 2006

GoldPalladiumPlatinumSilver

RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue

from the Mineral Sales exceeds Costs

0

20

40

60

80

100

120

Payments ofwages and

salaries

Payments to

local

suppliers

Payments for

local

infrastructure Payments to

build housing Payments to

providetraining

Payment of

rents and feesto landowners Payments tocompensatelandowners Payment of

taxes to local

bodies

Payments for

health &educationservices

Payment ofroyalties

COSTS AFTER VERY LARGE CAPITAL OUTLAY

RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue

from the Mineral Sales exceeds Costs

0

20

40

60

80

100

120

Payments ofwages and

salaries

Payments to

local

suppliers

Payments for

local

infrastructure Payments to

build housing Payments to

providetraining

Payment of

rents and feesto landowners Payments tocompensatelandowners Payment of

taxes to local

bodies

Payments for

health &educationservices

Payment ofroyalties

COSTS AFTER VERY LARGE CAPITAL OUTLAYARE INCREASED BY ADDITION OF ROYALTIES

RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue

from the Mineral Sales exceeds Costs

0

20

40

60

80

100

120

Payments ofwages and

salaries

Payments to

local

suppliers

Payments for

local

infrastructure Payments to

build housing Payments to

providetraining

Payment of

rents and feesto landowners Payments tocompensatelandowners Payment of

taxes to local

bodies

Payments for

health &educationservices

Payment ofroyalties

Revenue exceeds costs = Profit

COSTS & REVENUEValue of mineral

s produce

d

ROYALTIESCALCULATEDAS A % OF TOTALVALUE OFMINERALS PRODUCED

RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue

from the Mineral Sales exceeds Costs

0

20

40

60

80

100

120

Payments ofwages and

salaries

Payments to

local

suppliers

Payments for

local

infrastructure Payments to

build housing Payments to

providetraining

Payment of

rents and feesto landowners Payments tocompensatelandowners Payment of

taxes to local

bodies

Payments for

health &educationservices

Payment ofroyalties

Revenue exceeds costs

Costs exceed revenue

= Profit

= Loss

COSTS & REVENUE

Value of mineral

s produce

d ROYALTIESCALCULATEDAS A % OF TOTALVALUE OFMINERALS PRODUCED

…but after downturn in metal prices

RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue

from the Mineral Sales exceeds Costs

0

20

40

60

80

100

120

Payments ofwages and

salaries

Payments to

local

suppliers

Payments for

local

infrastructure Payments to

build housing Payments to

providetraining

Payment of

rents and feesto landowners Payments tocompensatelandowners Payment of

taxes to local

bodies

Payments for

health &educationservices

Payment ofroyalties

Revenue exceeds costs

Costs exceed revenue Loss

COSTS & REVENUE

Value of mineral

s produce

d

= Profit

RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue

from the Mineral Sales exceeds Costs

0

20

40

60

80

100

120

Payments ofwages and

salaries

Payments to

local

suppliers

Payments for

local

infrastructure Payments to

build housing Payments to

providetraining

Payment of

rents and feesto landowners Payments tocompensatelandowners Payment of

taxes to local

bodies

Payments for

health &educationservices

Payment ofroyalties

Revenue exceeds costs

Costs exceed revenue Loss

COSTS & REVENUE

Value of mineral

s produce

d

= Profit

Mining company’s entire

investment

is to earn this profit

RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue

from the Mineral Sales exceeds Costs

0

20

40

60

80

100

120

Payments ofwages and

salaries

Payments to

local

suppliers

Payments for

local

infrastructure Payments to

build housing Payments to

providetraining

Payment of

rents and feesto landowners Payments tocompensatelandowners Payment of

taxes to local

bodies

Payments for

health &educationservices

Payment ofroyalties

Doubling ofroyalties

Revenue exceeds costs

Costs exceed revenue

Profit

Loss

COSTS & REVENUE

Value of mineral

s produce

d

…but after downturn in metal prices

RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue

from the Mineral Sales exceeds Costs

0

20

40

60

80

100

120

Payments ofwages and

salaries

Payments to

local

suppliers

Payments for

local

infrastructure Payments to

build housing Payments to

providetraining

Payment of

rents and feesto landowners Payments tocompensatelandowners Payment of

taxes to local

bodies

Payments for

health &educationservices

Payment ofroyalties

Doubling ofroyalties

Revenue exceeds costs

Costs exceed revenue

Profit

Loss

COSTS & REVENUE

Value of mineral

s produce

d

This profit not be sufficient to justify

the mining company’s investment

…but after downturn in metal prices

RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue

from the Mineral Sales exceeds Costs

0

20

40

60

80

100

120

Payments ofwages and

salaries

Payments to

local

suppliers

Payments for

local

infrastructure Payments to

build housing Payments to

providetraining

Payment of

rents and feesto landowners Payments tocompensatelandowners Payment of

taxes to local

bodies

Payments for

health &educationservices

Payment ofroyalties

Doubling ofroyalties

Revenue exceeds costs

Costs exceed revenue

Profit

Loss

COSTS & REVENUE

Value of mineral

s produce

d

If metal prices fall, c

ompany’s

investment could experience loss

DIAMOND REVENUES 2011US$122 256 491

| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |

US

$’00

0

CHIADZWA DIAMONDS

Afri

can

Con

solid

ated

Res

ourc

es C

laim

CHIADZWA DIAMONDS

Mbada Diamonds

MarangeResources

Marange Resources

ZMDC

CHIADZWA DIAMONDS

Mbada Diamonds

MarangeResources

Marange Resources

ZMDC

CHIADZWA DIAMONDS

Mbada Diamonds

MarangeResources

Marange Resources

ZMDC

CIO

PRISONS

ANJIN

ARMY

POLICE

CHIADZWA DIAMONDS

Mbada Diamonds

US$600mm

MarangeResources

Marange Resources

ZMDC

CIO

PRISONS

ANJIN

ARMY

POLICE

CHIADZWA DIAMONDS

Mbada Diamonds

US$600mm

MarangeResources

Marange Resources

ZMDC

CIO

PRISONS

ANJIN

ARMY

POLICE

MINING STATISTICSJan to Aug 2011

MineralVolume Value Volume Value Volume Value

Chrome 398 755,38 47 993 098,28 341 056,10 35 759 114,14 16,92 34,21Coal 1 240 656,00 48 491 369,00 1 137 725,00 41 227 034,00 9,05 17,62Cobalt 107,73 2 068 191,27 37,11 448 315,16 190,25 361,33Copper 4 205,35 29 370 658,71 3 097,04 18 398 070,00 35,79 59,64Gold 7 839,32 378 048 780,93 5 768,1323 215 347 366,30 35,91 75,55Graphite 1 615,00 753 413,00 741,00 271 893,00 117,95 177,10HC Ferrochrome 104 775,48 102 402 206,00 94 575,57 79 199 623,83 10,78 29,30Iridium 262,59 4 811 642,48 169,62 1 583 007,00 54,81 203,96Iron Pyrite 8 248,91 982 156,00Magnesite 169,28 29 776,00Nickel 5 086,32 103 429 673,55 4 099,22 71 672 919,00 24,08 44,31Paladium 5 457,30 120 043 260,59 4 606,16 61 753 589,00 18,48 94,39Phosphate 28 520,00 3 051 250,44 38 153,00 4 100 890,73 -25,25 -25,60Platinum 7 005,48 354 115 581,75 5 750,10 268 770 476,00 21,83 31,75Rhodium 614,95 36 605 599,80 479,17 34 347 174,00 28,34 6,58Rhuthenium 549,35 2 335 358,45 369,39 1 394 278,00 48,72 67,50

Value Total 1 234 532 016,25 853 020 543,18 44,72

PERCENTAGE CHANGE

FIRST 8 MONTHS 2011 FIRST 8 MONTHS 2010 FIRST 8 MONTHS 2011/2010