TRANSACTION PAPER

Strategic long-term planning at Anglo Platinum

G.L. Smith; D.C. Anderson; J. Pearson-Taylor

Anglo Platinum Limited

SYNOPSIS

This paper consolidates the key elements of seven contributions, on strategic long-term planning, to two of the three international conferences on Strategic versus Tactical approaches in Mining held over the period 2005-2008.
The holistic concept of strategic long-term planning as developed and implemented at Anglo Platinum is described. Consideration is given to the planning cycle, principles supporting the construction of the long-term plan, and aspects of unique best practice as developed in Anglo Platinum. Further description of Anglo Platinum's approach to corporate governance, including the processes, methodology, systems, unique tools and techniques that are applied to value and select capital investment options is also given.

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References

ANDERSEN, D.C., PEARSON-TAYLOR, J., and SMITH, G.L. The strategic long-term planning process at Anglo Platinum. First International Seminar on Strategic versus Tactical Approaches in Mining, South African Institute of Mining and Metallurgy, Symposium Series S40, Johannesburg, South Africa, September 2005.         [ Links ]

BALLINGTON, I.R. and SMITH, G.L. Discounted Cash Flow Analysis-Methodology, Inputs and Sensitivity, SAIMM Colloquium: The Valuation of Mineral Projects and Properties: an African Perspective, South African Institute of Mining and Metallurgy Johannesburg, South Africa, 2002.         [ Links ]

BALLINGTON, I.R., SMITH, G.L., LANE, G.R., and HUDSON, J. The systemic interdependency closure decisions at shaft level. First International Seminar on Strategic versus Tactical Approaches in Mining, South African Institute of Mining and Metallurgy, Symposium Series S40, Johannesburg, South Africa, September 2005.         [ Links ]

HALL, B.E. How mining companies improve share price by destroying shareholder value, Proceedings CIM Mining Conference and Exhibition, Montreal, 2003.         [ Links ]

MARSH, A.M., NAIDOO, D., and SMITH, G.L. The application of Hyperion Strategic Finance in strategic long-term planning at Anglo Platinum. First International Seminar on Strategic versus Tactical Approaches in Mining, South African Institute of Mining and Metallurgy, Symposium Series S40, Johannesburg, South Africa, September 2005.         [ Links ]

PEARSON-TAYLOR, J. and SMITH, G.L. The concept of project value tracking and its application in strategic mine planning at Anglo Platinum. Second International Seminar on Strategic versus Tactical Approaches in Mining, Australia Centre for Geomechanics, Symposium Series S40, Perth, Australia, March, 2006.         [ Links ]

SMITH, G.L. and BALLINGTON, I.R. The application of discounted cash flow modelling in strategic mine planning. First International Seminar on Strategic versus Tactical Approaches in Mining, South African Institute of Mining and Metallurgy, Symposium Series S40, Johannesburg, South Africa, September 2005.         [ Links ]

SMITH, G.L. and PEARSON-TAYLOR, J. Alignment of capital and strategic intent-challenges and responses at Anglo Platinum. Second International Seminar on Strategic versus Tactical Approaches in Mining, Australia Centre for Geomechanics, Symposium Series S40, Perth, Australia, March, 2006.         [ Links ]

SMITH, G.L., ANDERSEN, D.C., PEARSON-TAYLOR, J., and MARSH, A.M. Project valuation, capital investment and strategic alignment-tools and techniques at Anglo Platinum. 2nd International Platinum Conference-Platinum Surges Ahead, South African Institute of Mining and Metallurgy, Sun City, South Africa, October 2006.         [ Links ]

TURNBULL, N. and COMMITTEE. Internal Control-Guidance for Directors on the Combined Code. The Institute of Chartered Accounts in England and Wales, September 1999.         [ Links ]