Transcript Document
Ken Mekani, Chief Executive Officer - Designate 8-10 October 2014 Metallon Corporation • Established African gold exploration, development & mining company • Active in Zimbabwe for 12+ years • 8Moz world class resource • Four gold mines in operation; one in development • Delivering on production 100,000oz in 2014 • Numerous expansion opportunities • Committed to socially responsible mining 2 Our operations in Zimbabwe • Operating mines – How Mine – flagship operation – Shamva Mine Zambia – Mazowe Mine – Arcturus Mine • Mine under development – Redwing Mine • Development potential – Motapa – Midwinter Mozambique Botswana South Africa 3 People - our primary asset • One of Zimbabwe’s largest employers - 3,500+ employees • 100% staffed by Zimbabwean nationals • Local recruitment a key focus • Delivering on training and development – graduate programmes, study assistance for local school-leavers – education provided to employees’ children, children from local communities • Education/training essential for future generations of employees 4 Zimbabwe: a golden opportunity • World-class Zimbabwean assets with exciting prospects • Quality mining operations – skilled labour force – good infrastructure – high grade – shallow – low cost • Expansion upside – mining, on- and near-mine – tailings retreatment 5 Gold production – 82,000oz in 2013 – 100,000oz forecast for 2014 – 20% of Zimbabwe’s total • All production sold to Zimbabwean Reserve Bank subsidiary, Fidelity Printers and Refiners • Contribution to fiscus – 25% corporate tax – 5% gold royalty – Government’s reduction from 7%, effective 1 October 2014 welcomed • strong incentive for gold sector growth 6 Government & community engagement • Long-established track record of social delivery to employees, local communities: – education – health – housing – other services • Indigenisation: – policy submitted and to be approved this year • Platform for further, sustained socio-economic development into the future – community trust model 7 Safety, health and environment (SHE) • SHE management based on internationally recognised standards – systems approach, providing for continual performance improvement • Objective - all mines certified to ISO14001, OHSAS18001, ISO9001 standards within four years • Vision - attain world-class SHE management practices • Strong working relationship with Zimbabwe’s Environmental Management Agency 8 Metallon – positioned for growth • A golden opportunity – 8Moz world class resource – established infrastructure Expansion projects at existing operations – skilled labour More investment in Zimbabwe More jobs, revenue Future exploration projects Focused M&A activities MID-TIER GOLD PRODUCER +500,000oz/pa 9 Conclusion Conclusion – a real opportunity Ambitious expansion plans, increasing our contribution Partner with government for mutual benefit World-class, mid-tier gold producer +500,000oz/pa Leave a POSITIVE and SUSTAINABLE LEGACY for future generations Encourage other global companies, through our success, to invest 10