2013/01/25

1

Loulo – Gounkoto mine complex

Mali January 2013

Introduction…

1. INTRODUCTION (C. BERTHE-General Manager)

2. EXPLORATION WEST AFRICA ( Joe Holliday - RRL Exploration West Africa)

3. EXPLORATION LOULO COMPLEX (Analia - RRL Exploration )

4. RESOURCES AND RESERVES (A. FAMANTA - Mineral Resources Manager)

5. SHE (M.Kanta - SHE Manager)

6. MINING OPEN PIT (T. Frempong- Open Pit Manager)

7. MINING UNDERGROUND (M. TOURE - Underground Manager)

8. 5 YEAR MINING CAPACITY (G. Lawrie – Operations Manager )

9. PROCESSING (D. ARAMA - Process Manager)

10.ENGINEERING (A. COULIBALY - Engineering Manager )

11.CAPITAL PROJECT (A. SALON - Capital Project Manager )

12.LOGISTIC and SUPPLY ( C. KONARE - Supply Chain Manager)

13.QUESTIONS

2013/01/25

2

Location of mines …Loulo and Gounkoto

Loulo & Gounkoto

Permits

Senegal

Mali

1981…Syndicat Or (JV BRGM + DNGM) discovered Loulo-0 deposit;

1989…Somilo was created in purpose to mine Loulo-0 deposit;

1992…BHP- Minerals Mali Inc. Acquired BRGM shares in Syndicat Or;

1996..Randgold Resources aquired BHP Minerals Mali Inc in Aug;

1996…Yalea discovery Trench excavated in November increasing total

resources to + 3.0 million ounces;

1997…Randgold submitted the feasibility study.

1999…Mining permit granted;

2003…Randgold updated the feasibility study followed by the Board approval

2004…Construction commences;

2005…Opening of Loulo gold mine in November 12th;

2005…UG Feasibility approval in December

2006…Commenced UG development

2009…Gounkoto deposit discovered;

2010…Gounkoto was Incorporated as a separate Mining Company

Loulo history…

2013/01/25

3

Complex Cumulative Profit from Mining Activity

Loulo Complex…Production Statistics

121 132 179 652 297 357 438 074 702 229 1 006 873

121 132 58 520 117 705 140 717 264 155 304 644

0

200 000

400 000

600 000

800 000

1 000 000

1 200 000

2005/2007 2008 2009 2010 2011 2012

9

Months

Yalea South OC pushback Started on time during 2012 and will be

completed February 2013

Mining Gounkoto

Mining at Gounkoto reached steady state during

2012 and continues to produce 50% + of ore for

the Mill

Purple Patch

At the last analyst visit announced the top of the

purple patch had been exposed and during 2012

stoping of the purple patch commenced as per

plan

Gara ore development April 2011 Full out stoping during 2012

Yalea development and stoping progress

During 2012 Yalea managed to consistently

produce more than 100 000ore tonnes and

1000m per month

New UG design

New design improved and implemented. Now

multiple declines with reduced waste

development

Pillar and pastefill mining

New design implements for pillar mining at 73%

extraction and 100 % extraction where paste fill

will be implemented

ANALYST PRESENTATION SCORECARD

Requirement…Jan 2012 (1/2)

2013/01/25

4

Gara development and stoping profile

During 2012 Gara encountered difficulties when we

encountered flat dipping ore bodies which we were

unable to mine with our existing design. This resulted

in production profiles not being met, but well on our

way to resolving this issue

CAF

Has been introduced to allow secondary high grade

stopes to be mined prior to the implementation of

pastefill

600 000to 650 000 oz production profile

over next 8 years

New production profile 600 000 to 750 000 oz profile

next 5 years

Metworx introduced in plant during 2011 Fully implemented on the plant and is now being

introduced to the UG mining sections

Third mill installation

Third mill commissioned early in 2012 and has

created huge flexibility in the plant in terms of

increasing through put

HFO introduction to reduce power cost Construction underway for the implementation of this

project

ANALYST PRESENTATION SCORECARD

Requirement…Jan 2012 (2/2)

Loulo…fiscal regime and financing

3 years Exemption from TVA ended in November 2008

3 years duties holiday ended in November 2008

5 years income tax holiday ended in November 2010

Fuel exonerated from duty for LOM

6% royalty on revenue

20% Government participatory shareholding, 100% funded by

Randgold Resources

2013/01/25

5

Gounkoto…fiscal and financial regimes

Gounkoto convention signed on 21 March 2012

3 years exemption from VAT starting from 1 June 2011

3 year duties holiday

2 year exemption from corporate tax - further extensions for 5

years in the event of additional capital investments

Fuel exonerated from duty for LOM

6% royalty on revenue

20% Government participatory shareholding, 100% funded by

Randgold Resources (10% priority dividend)

First dividend (US$ 69 million) paid in July 2012 and second

dividend (US$ 69 million) paid in November 2012

Loulo contribution to Mali economy…

from inception to Q3 2012

99

129

708

Royalties

Direct and

Indirect taxes

Payment to

local suppliers,

local salaries.

Community

investment

Total payment US$ 0.9 billion

2013/01/25

6

Exploration…

West Africa Craton

Gold mines

Birimian Basinal sediments

Birimian Belt

Proterozoic Plutonic Rocks

Mali Burkina

Faso

Ivory Coast

Ghana

Senegal

Youga

Yatela

Sadiola

Yalea

Gara

Sabodala

Morila

Syama

Tongon

Ity

Bonikro

Prestea

Chirano

Bibani

Ahafo

Akyem

Obuasi

Damang

Tarkwa

Essakane

Mana

Kalsaka

Taparko

Inata

Lefa

Tabakoto Massawa

Kalana

Gounkoto

Gold mines

Birimian Basinal sediments

Birimian Belt

Proterozoic Plutonic Rocks

Siguiri

2013/01/25

7

Kedougou Kenieba Inlier…

Andesite

Andesite

Basalt

Clastic Metasediments

Granitoids

Limestone

Metasediments

QT

Volcaniclastics

Metasediments/volcanics

Dalema - Kofi

Diale - Keniebandi

Mako - Saboussire

Randgold Resources permits

!

!

!

!

!

!

!

SM

SZ

SENEGAL MALI

Yatela

Sadiola

Gara

Yalea

Sabodala

100 km

Massawa Segala

Tabakoto

Gounkoto

Millenium Highway

Loulo district…

a proven world class destination

Analytical signal Airborne EM Geology Geochemistry

N

2013/01/25

8

Gravity

Isosurfaces

GARA

Loulo 3

YALEA

Gounkoto

Faraba

Image shows NS linear on

gravity links Yalea and

Gounkoto

Structure associated with

break in the density values

New generative study

including prospectivity

analysis highlights new

targets

Loulo district…exploration adds further

resolution to the regional model Baboto

N

Loulo…Yalea upside

Yalea Long section looking W

N

100m

YDH259

5.2m @ 8.11g/t

Incl 1.9m @ 17.24g/t

YDH258

8.6m @ 0.22g/t

YDH263

16.7m @ 11.11g/t

YDH264

14.7m @ 18.02g/t

YDH261

11.8m @ 3.09g/t Au (g/t)

>8 5 – 8 3 – 5 1 – 3

0.5 – 1

2013/01/25

9

Planned UG infill & Deep DDH

Mined out pit

Measured surface

Inferred surface

Looking East

Gara…upside

Pending

Infill hole Pending

Infill hole Pending

Infill hole

Pending

Infill hole

Pending

Infill hole

Deep

hole Deep

hole

Deep

hole

Au (g/t)

>8 5 – 8 3 – 5 1 – 3

0.5 – 1

Loulo permit…Loulo 3

Loulo District exploration generates pipeline of multiple

targets for future growth:

10 targets tested, 8 rejected and 2 advanced (Iron Hill

and Yalea Ridge South)

Loulo 3 Main Zone with Q2 drill intersections

IRON HILL 9m @ 2.40g/t

incl 1m @ 8.90g/t

5m @ 3.47g/t

incl 2m @ 7.72g/t

200m

Loulo permit showing Loulo 3 and new Iron Hill and Yalea Ridge S targets

YALEA RIDGE S

L3DH109

25.1m @ 5.73g/t

L3DH111

14.13m @ 3.48g/t

L3DH104

7.64m @ 2.46g/t

L3DH105

23.12m @ 1.29g/t

L3DH106

12.15m @ 1.57g/t

L3DH107

7.9m @ 2.05g/t

L3DH108

1.6m @ 9.39g/t

Au (g/t)

>8 5 – 8 3 – 5 1 – 3

0.5 – 1

GARA

LOULO 3

YALEA

N

5km

2013/01/25

10

Loulo Permit…

Baboto target shows potential

Soil

250ppb

100ppb

50ppb

25pb

structure

Baboto North inferred

154 939 oz @ 1.60g/t

Baboto Centre inferred

43 375oz @ 1.39g/t

Baboto South indicated

154 525 oz @ 3.41g/t

GARA

LOULO 3

YALEA

BABOTO

Reserve definition

Indicated Resource

Inferred Resource

Advanced Target

Follow up Target

Identified Target

Generative Target

Legend

Q3 Prioritized Target

Farandi South NNE structure which is the continuity of

Farandi structure with crosscut NS

shear.

PA P1 North Yalea structure turn from NS to NNW

and is crosscutter by NE structure

passing by PQ10 and Baboto south.

Loulo1 East Yalea ridge structure intersect Yalea

structure to the east of Loulo1 and a

major NE crosscut both.

Detailed regolith/geology completed

P125 NE NNE structure // to Yalea structure

composed of strongly sheared quartzite

which regional RAB with anomalous

values around P125.

Yalea Ridge south NNE trend structure probably located in

the anticline hinge of regional fold.

Goldfinger fold Hinge zone of parallel NE of

transpressional fold along a NNE axis

and NNW strike-slip deformation.

Goldfinger East NE structure intersecting Conjugate

Thrust NE and NW at the lithological

boundary.

8

Gara South NNE structure (continuity of Gara)

Anomalous lithosamples only tested by

regional RAB.

7

Iron Hill NS structure in the contact limestone

/intrusive identified in RC drilling.

Detailed regolith/geologycompleted

2

FarNW NNW structure identified in previous

RAB following an elongate soil anomaly.

Detailed regolith/geology completed

4

10

1

3

6

9

5

Loulo permit…target prioritisation

2013/01/25

11

Gounkoto exploration…

Gounkoto history…

2009 - 7 diamond drill holes were drilled and confirmed Gounkoto

as a significant new discovery

2010 - Gounkoto was Incorporated 21 Dec

2010 - ESIA approved by the government 06th December

2010 - Mine construction started in November

2011 - Mining operations started 19 Jan

2011 - Implementation of toll treatment agreement 1 Jun

2011 - First gold poured 8 Jun

2012 - Capital paid back after one year production in Q2 2012

2012 - Successful opening of the mine 6 Aug 2012

2012 - First dividend of US$69m paid to the Shareholders in July

2012 – Second dividend of US$69m paid in Nov 2012

2013/01/25

12

Schematic representation of the planned pit positions at the end of 2013…

Gounkoto pit at end 2013

20RL 120RL

105RL

0RL Gounkoto pit at end 2012

Underground

potential Resource: 4.62 Moz @ 4.65 g/t

Reserve: 2.76 Moz @ 5.06 g/t

Gounkoto deposit…

1,720m 3

00

m

>8 5 – 8 3 – 5 1 – 3

0.5 – 1

2013/01/25

13

Gounkoto…Grade/tonnage reconciliation

confirms original orebody model

Tonnes Grade Ounces

Original

Resource Model

Grade Control

Block Model

Actual

Tonnes 000s Grade g/t Oz 000s

Gounkoto contribution to Mali economy…

from inception to Q3 2012

36

12

23 110

US$ million

Royalties

Direct and

Indirect taxes

Payment to

local suppliers,

local salaries.

Community

investment

Total payment US$ 0,18 billion

Dividends paid

2013/01/25

14

GK JZ MZ2 LongSection Looking West onto Oct2012 BM, Indicated Surface & $ 950 Pit

Shell

50m

-

400

m

0m

-

600

m

Gounkoto underground potential…

Jog Zone MZ2

GKDH325

13.10m @ 5.53g/t

GKTWDH14

14.30m @ 9.69g/t

GKDH220

25.8m @ 19.85g/t

and

6.20m @ 1.66g/t

GKTWDH12

19.05m @ 11.33g/t

GKDH227

18.90m @ 3.83g/t

GKDH353

12.20m @ 6.46g/t GKDH244

7.80m @ 0.93g/t

GKDH087

31.35m @ 6.04g/t

Au (g/t) >8

5 – 8 3 – 5 1 – 3

0.5 – 1

GKDH323

1.70m @ 30.54g/t

GKDH282

1.60m @ 3.41g/t

GKDH322

2.00m @ 2.76g/t

GKDH288

7.60m @ 9.73g/t

GKDH352

40.8m @ 12.68g/t

GKDH330

3.70m @ 17.74g/t

GKDH348

32.40m @ 6.51g/t

GKDH351

55.50m @ 5.81g/t

GKDH289

17.20m @ 6.31g/t GKDH347

4.30m @ 0.81g/t

GK MZ3 LongSection Looking West Onto Oct2012 BM, Indicated Surface

& $ 950 Pit Shell

-400m

0m

-600m

-200m

Gounkoto underground potential…

Jog Zone MZ3

GKDH291

14.10m @ 1.65g/t

GKDH271

31.70m @ 23.91g/t

GKDH290

30.60m @ 17.21g/t

GKTWDH16

85.45m @ 7.87g/t

GKDH217

27.20m @ 3.14g/t

and

21.50m @ 1.85g/t

GKDH320

91.50m @ 3.43g/t

GKDH329

50.85m @ 1.70g/t

GKDH328

12.60m @ 6.00g/t

GKDH322

11.90m @ 5.06g/t

GKDH106

21.00m @ 10.34g/t

Au (g/t)

>8 5 – 8 3 – 5 1 – 3

0.5 – 1 50m

2013/01/25

15

Deposits with underground potential require an interface analysis

OP – UG interface…

Jog zone and

underground target

$/oz shell Ore tonnes Waste

tonnes Strip Ratio

Incremental

Cost

increase

$/ore t

increase

950 16 893 743 161 684 304 9.57 (22 132 116) -49.12

1000 17 376 549 172 992 491 9.96 (39 759 744) -82.35

1050 17 882 280 184 286 075 10.31 (38 618 610) -76.36

1100 18 342 697 195 342 907 10.65 (39 276 250) -85.31

1150 21 415 925 281 779 849 13.16 (315 482 403) -102.66

Au (g/t)

>8 5 – 8 3 – 5 1 – 3

0.5 – 1

Gounkoto underground prefeasibility…

Potential for 1Moz at 6g/t below the pit

Drilling underway to confirm geological model and convert remaining inferred to indicated

Geotechnical review complete – no fatal flaws, but do need to deal with poor ground conditions in host rocks

Busy with initial hydrological review.

Current concept has us prioritising the southern pit with a decline commencing from pit to open up the jog zone underground, and then integrate the lower grade northern portion of the open pit and Faraba with high grade sweetener from underground.

Underground production rate likely to be limited by backfill rate – currently looking at CAF or CRF options.

Current timeline - busy with prefeasibility which we expect complete in Q1 2013. Feasibility complete by end of 2013 and decline to start in 2014 with plan to supplement open pits by 2016.

Loulo Permit

Gounkoto Permit

Gara

Loulo Plant Loulo 3

Yalea

Gounkoto

Faraba

2013/01/25

16

Toronto Advanced target

P64 Inferred resource

60 000oz @ 2.8g/t

Gounkoto 5.07Moz @ 4.23g/t

Potential for

1 Moz underground

Faraba Inferred resource

335 000oz @ 2.11g/t

Identified target

Existing deposit

Gounkoto Permit.. anomalies and targets

N

Gounkoto Permit…upside

Ground IP gegophsics, seeing below transported river alluvium

Mineral Resources…

2013/01/25

17

0.5 - 1.0 g/t

1.0 - 3.0 g/t

3.0 - 5.0 g/t

5.0 - 8.0 g/t

> 8.0 g/t

90

0m

Reserves…4.09 Moz @ 5.48 g/t

Resources…6.29 Moz @ 4.89 g/t

Loulo complex resources and reserves…

Yalea deposit

0.5 - 1.5 g/t

1.5 - 4.0 g/t

4.0 - 6.0 g/t

> 6.0 g/t

75

0m

Loulo complex resources and reserves…

Gara deposit…

Reserves…1.98 Moz @ 4.59 g/t

Resources…3.12 Moz @ 4.04 g/t

2013/01/25

18

<0.5

0.5 to 1

1 to 3

3 to 5

5 to 10

≥10.

GRADE (g/t)

500m

Loulo complex resources and reserves…

Gounkoto deposit

Reserve…2.76 Moz @ 5.06 g/t

Resource…4.62 Moz @ 4.65 g/t

Health, Safety and Environment…

2013/01/25

19

Occupational health and Safety Management System implemented as

per OHSAS 18001 requirements

OHSAS 18001 Certification audit was conducted by NQA in Q3-2012

the mine has been recommended for the certification.

ISO 14001 certification maintained Dec 2012

Community development strategies based on:

Primary health care

Basic education

Potable water

Food security

Economic development

Safety, Health and Environmental…

Safety, Health and Environmental…

0

0.5

1

1.5

2

2.5

3

3.5

4

2006 2007 2008 2009 2010 2011 Q1-2012 Q2-2012 Q3 2012

Safety Statistics and Trend

LTIFR/Million Hrs( Incl FI) FIFR/Million Hrs

Linear (LTIFR/Million Hrs( Incl FI))

2013/01/25

20

Open Cast Mining…

Schematic representation of the planned pit

positions at the end of 2013…

-25 RL

-20 RL

Gounkoto pit at end 2013

105RL

0RL

Yalea South pit at end 2013

2013/01/25

21

Underground Mining…

Yalea Stoping in the Purple Patch commenced December 2012

Continuous improvement of development since Quarter 4’ 2010

Commissioning 88Level ore and waste passes system improving

ore and waste handling system

Yalea phase two ventilation commenced, introducing independent

blasting between Yalea Nth and Yalea Somilo section

Gara Primary ventilation phase two completed

Introduction of the Up holes emulsion in both Yalea and Gara

Settle an optimal mine design through an iterative process in both

Gara and Yalea

Backfill trade off complete and Paste plant in progress

Underground…important milestones

2013/01/25

22

Loulo UG tons and meters profile last

12 months…

Production increase 282%

last 12 months

Development meters

increase 55% last 12 months

-50,000

50,000

150,000

250,000

350,000

450,000

Q4-2011 Q1 - 2012 Q2 - 2012 Q3 - 2012

GARA UG YALEA UG

0

1,000

2,000

3,000

4,000

5,000

6,000

Q4-2011 Q1 - 2012 Q2 - 2012 Q3 - 2012

GARA UG YALEA UG

Yalea Pit

Yalea South

Somilo

Section

Decline

Yalea Nth

Decline

2nd 500kW

Vent System

Yalea Main

Decline

VD2

P125 Main

500kW Fan

South

Decline

Full extraction on high grade with backfill

New design introduced from January 2012 that reduces footwall development and

optimizes the capital expenditure

Introducing CAF filling until Paste Fill project commissioned in Jan 2014.

Yalea UG…

New design

multiple

spiral

declines

2013/01/25

23

Gara Pit

CD3

1st 500kW Fan

(153mᶟ/s)

VD1 & CD1

South Decline

2nd 500kW

Fan (295mᶟ/s)

Central

Decline Nth Decline

Mining design optimal with multiple spiral ramps and eliminate footwall drives on

three consecutive levels.

200m strike length in both directions from Spiral Ramps

Future optimisation involves the final location of the crusher and conveyor decline at

85Level at Gara

Gara UG…

New design

multiple

spiral

declines

Inter-level distances 25m

First five years Top down with combination of Sub Level open

Stoping (SLOS) and pillars with Primary and Secondary stopes

Gara Develop flatter dipping blocks on existing levels

Improve on available minable reserves in 2013 with the introduction

of CAF (Cemented Aggregate Fill)

Introduction of Paste Aggregate Fill in 2014 for 100% extraction

strategy

Optimise between Top down and Bottom up sequences for long term

plan

Capex footwall drives every 100meters (32% reduction)

Mining strategy…

2013/01/25

24

Mining Method Descriptions… Top Down SLOS (25 Sub Level Intervals)

2014

2013

Mined Out

2016

2015

2017

Yalea Mine Plan

Gara Mine Plan

5 year mining plan…

2013/01/25

25

Yalea CAF Implementation…

Processing…

2013/01/25

26

Plant throughput ramp up…

Gold Production…

2013/01/25

27

2013 focus

Recovery Improvement

Install additional 4 (four) CIL Tanks

Retention time to be put back to 40 hrs

Elution Circuit Improvement

Increase elution batches

Additional unit of Secondary or Tertiary crusher

Increase of grinding section capacity to 5-10%

Reduce of scats in the grinding circuit

Oxygen Supply Upgrade

Additional 10tons PSA to optimize oxygen distribution per tank

New return damn at TSF

Improve water management

Reagent optimization

Install Lime auto dosing

Processing Output…

Simplified metallurgical flow sheet…

Smelt-house

Coarse

Stockpile

Elution

Primary

Secondary

Tertiary

Crushing

SOFT ORE

HARD ORE

Conveyor

CIL Tank Farm

Cyclones

Knelson

Concentrators

Mineral

Sizer

Eluate

Gravity

concentrate

TAILINGS DISPOSAL DAM

8km

Upgraded

pipeline

Gold Bullion

Thickener and Clarifier

Accounting Sampling points

Fine

Stockpile

Ball Mills

Ball Mills

Primary Mill

AARL

2013/01/25

28

Engineering…

Key performances 2012…

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2010 82.80 76.20 76.90 70.00 77.50 78.90 77.00 87.60 90.70 84.10 87.60 83.60

2011 83.30 79.40 77.80 83.80 82.30 87.90 85.40 85.10 87.90 86.50 89.60 87.90

2012 89.70 92.40 84.30 84.90 87.60 87.40 88.20 86.90 87.30

65.00%

70.00%

75.00%

80.00%

85.00%

90.00%

95.00%

100.00%

Pla

nn

ed

Ava

ila

bil

ty =

85

%

Crusher Engineering Availabilities

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2010 93.10 89.60 90.80 86.70 78.40 83.70 92.00 93.50 95.20 94.20 96.40 92.20

2011 95.80 89.60 92.70 93.10 87.90 91.80 86.70 92.50 95.30 91.80 92.80 95.90

2012 95.90 94.70 95.60 95.30 93.70 92.70 96.40 95.30 96.40

70.00%75.00%80.00%85.00%90.00%95.00%

100.00%

Pla

nn

ed

Ava

ila

bil

ity =

9

5%

Plant Engineering Availabilities

2013/01/25

29

Focus 2013

Upgrade crushing circuit

Continue to optimize power plant operation, improve fuel

efficiency

Upgrade CIL train and elution capacity for better gold stripping

Component, Equipment rebuild and exchange plan

Completion of Gara conveyor installation

Installation of Yalea primary pump station

Continue Engineering integration, Manpower development

within the group

Engineering…

Capital Projects…

2013/01/25

30

New Power Plant – Medium Speed Engines 7 to 8

Medium Speed Engines 7 & 8

Engine 7 - On line 28 January 2012

Engine 8 - On line 12 February 2012

Additional power required for the Primary Mill project.

Primary Mill Project

Installation of a new SAG Mill raise

throughput and accommodate the harder

Gounkoto ore and eliminate all the scats –

10% monthly average. Completed Feb

2012.

New Stockpile

In line with Loulo Milling expansion, to enable and

effectively processing of 300ktpm of harder ( higher work

index) crushed ore from Yalea , Gara & Gounkoto, the

Installation of a New Stockpile is essential . Completed

May 2012.

Completed projects…2012

HFO Plant Conversion

Heavy fuel oil storage farm to feed the 8

medium speed Installation of a new engines.

Order placed on equipments with APS and

Plate works with ATC. . Target completion 30

June 2013.

Gara Overland Conveyors

Gara Surface overland conveyor is the means

of transporting ore from the portal of Gara

underground to the stockpile feeding. It

comprises Conveyor # 1 = 248m, Oveland

conveyor 429m and stockpile feed & transfer

tower 289 m. Target Completion 30 Jan 2013.

UG Paste Backfill – Intermediate plant

Project comprises of Intermediate plant, Gara

& Yalea paste plant. It’s a UG project,

managed and implemented by Surface

Capital Projects,

Target completion 30 Dec 2013.

Ongoing projects…2012 - 2013

2013/01/25

31

Gara Box cut retaining wall cut back

Additional CIL tanks - 4 off

C M 9 & 10

PCD Extension completion

Lime Storage Shed 24m x 70m

Replacement of Old sewage plant

Surface capital focus projects…2013

Logistics and Supply…

2013/01/25

32

New warehouse software (SAP) implemented ; Better control of

supply chain processes and interface with Finance; March 31,2012

Total Fuel Management System implemented (Lafon system), No

SOMILO fuel stock; SOMILO pays for actual consumed volumes;

May 01,2012

2012 Number of months stock : actual 9.9 vs. target of 11.4

Achievements 2012…

Number of Months Stock Trend 2012

(excluding strategic)…

Jan-12

Feb-12

Mar-12

Apr-12

May-12

Jun-12

Jul-12

Aug-12

Sep-12

Oct-12

Nov-12

Dec-12

NMS(actual) 15.4 15.1 14.9 14.9 14.8 15.3 13.9 12.4 12.9 11.9 11.9 9.9

NMS (target) 11.4 11.4 11.4 11.4 11.4 11.4 11.4 11.4 11.4 11.4 11.4 11.4

0

2

4

6

8

10

12

14

16

18

NMS(actual)

NMS (target)

2013/01/25

33

The millennium road, expected yearly savings of more than

1.5 million USD on transport cost of goods. Opening

scheduled for February 2013

Continued reduction in stock on hand through enhanced

supply chain management

Opportunities…

Questions?...