Rustenburg UG2

Anglo Platinum UG2 project. An expansion, resulting in an additional 400 000 tons per month production, consisting of:- 1. The development of the new Boschfontein West Mine, a decline cluster system with associated infrastructure. 2. The development of the new Boschfontein East Mine, a decline cluster system with associated infrastructure. 3. The extension of the existing Townlands shaft, and 4. The extension of the existing Frank shaft. However, in light of the changed economic environment and planning parameters, the Rustenburg strategy has been revised to one where the Merensky horizon is used as the base production reef to ensure sustained profitability and the UG2 horizon, where viable, is used to maintain output at infrastructural capacity levels. Estimated project value: R2.4 billion. (Union Section)