ken mekani, chief executive officer - designate 8-10 october 2014
TRANSCRIPT
Ken Mekani, Chief Executive Officer - Designate
8-10 October 2014
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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
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Our operations in Zimbabwe
• Operating mines
– How Mine – flagship operation
– Shamva Mine
– Mazowe Mine
– Arcturus Mine
• Mine under development
– Redwing Mine
• Development potential
– Motapa
– Midwinter
Zambia
Mozambique
South Africa
Botswana
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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
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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
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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
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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
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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
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Metallon – positioned for growth
• A golden opportunity
– 8Moz world class resource
– established infrastructure
– skilled labour
RAMP-UP
TO IN
STALL
ED CAPA
CITY
Expansion projects at existing operations
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
World-class, mid-tier gold producer
+500,000oz/paPartner with government
for mutual benefit
Ambitious expansion plans, increasing our
contribution
Encourage other global companies, through our
success, to invest
Leave a POSITIVE and SUSTAINABLE LEGACY for future generations
Conclusion – a real opportunity