Transcript Document

Ken Mekani, Chief Executive Officer - Designate
8-10 October 2014
Metallon Corporation
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Established African gold
exploration, development &
mining company
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Active in Zimbabwe for
12+ years
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8Moz world class resource
•
Four gold mines in operation;
one in development
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Delivering on production 100,000oz in 2014
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Numerous expansion
opportunities
•
Committed to socially
responsible mining
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Our operations in Zimbabwe
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Operating mines
– How Mine – flagship operation
– Shamva Mine
Zambia
– Mazowe Mine
– Arcturus Mine
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Mine under
development
– Redwing Mine
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Development potential
– Motapa
– Midwinter
Mozambique
Botswana
South Africa
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People - our primary asset
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One of Zimbabwe’s largest employers - 3,500+ employees
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100% staffed by Zimbabwean nationals
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Local recruitment a key focus
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Delivering on training and development
– graduate programmes, study assistance for local school-leavers
– education provided to employees’ children, children from local communities
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Education/training essential for future generations of employees
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Zimbabwe: a golden opportunity
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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
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Gold production
– 82,000oz in 2013
– 100,000oz forecast
for 2014
– 20% of Zimbabwe’s total
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All production sold to
Zimbabwean Reserve Bank
subsidiary, Fidelity Printers
and Refiners
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Contribution to fiscus
– 25% corporate tax
– 5% gold royalty
– Government’s
reduction from 7%,
effective 1 October
2014 welcomed
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strong incentive for
gold sector growth
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Government &
community engagement
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Long-established track record
of social delivery to employees,
local communities:
– education
– health
– housing
– other services
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Indigenisation:
– policy submitted and to be
approved this year
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Platform for further, sustained
socio-economic development into
the future
– community trust model
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Safety, health and
environment (SHE)
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SHE management based on
internationally recognised
standards
– systems approach, providing
for continual performance
improvement
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Objective - all mines certified to
ISO14001, OHSAS18001, ISO9001
standards within four years
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Vision - attain world-class SHE
management practices
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Strong working relationship with
Zimbabwe’s Environmental
Management Agency
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Metallon – positioned for growth
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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
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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
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