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NEXT RESULTS 15 Feb 2017


We announced our 2016 Annual Results on Wednesday 15 February 2017.

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Financial results centre

2016 Annual Results

  • Key strategic success in repositioning the portfolio:
  • Rustenburg Operations divestment completed, with R1.5 billion upfront proceeds received
  • Sales and purchase agreement (SPA) signed for sale of mineral resources to Northam
  • SPA signed for sale of Pandora stake to Lonmin
  • SPA signed for sale of Union and Masa Chrome operations to Siyanda (post year-end)
  • Operational improvements at all mines, with record production from Mogalakwena
  • Unit cost increase of 1.4%, below South African CPI, with strict cost discipline mitigating mining inflation
  • Delivered R700 million overhead cost reduction, with full run rate of R1 billion achieved in Q4 2016
  • Generated R3.5 billion free cash flow from operations
  • Reduced net debt by R5.5 billion to R7.3 billion


Interim Results
Annual Results
Interim results
Investor Day
Annual results
Interim results
Investor Day
Annual results
Interim results
Investor Day
Real Mining. Real People. Real Difference.