1. Sponsor Update and Briefing to New Sponsors

2. Agenda Business Meeting AMIRA Overview
P9M Summary – achievements and benefits
P9N Proposal Summary
Sponsor Testimonials
Discussion
Technical Meeting
P9M Comminution Module
P9M Flotation Module
P9N Proposal Details

3. AMIRA Overview

4. 40 years of successful collaboration and delivery of value to sponsors
THE P9 Project
40 years of successful collaboration and delivery of value to sponsors

5. Industry driven – Mineral Processing Research
Collaboration and networking between researchers, major mining companies and suppliers
Outstanding leverage of research investment
Delivering benefits through new technologies and tools for processes design and optimisation
World’s leading mineral processing research teams

6. The “P9 Project” 1962-2003 and beyond ...
Site Trials
& Data
Mineral Industry
Trained
Staff
P9 Research
“Optimisation of Mineral Processes by Modelling and Simulation”
Research
Outcomes
Students IP
JKMRC
University of Cape Town
McGill University
Commercial
Products
Licensed to Suppliers
JKTech, UCT,
McGill

7. Achievements – over 40 years of delivery
Helped reshape industry understanding, design operational practice
Process improvements at > 100 operational sites
Mathematical models – eg breakage, classification, power draw etc

8. Achievements – over 40 years of delivery
Methodologies for process design & optimisation
Unique array of tools and software simulation products, ie JKSimMet, JKSimFloat
Products, ie JKJetLift etc
Hundreds of millions $’s value derived

9. Keys to Success Industry driven, tackling real issues
Active collaboration and open communication
Sharing of project costs and outcomes
Broad industry participation
Multi discipline, multi national research teams
Uptake of products by Supplier sponsors
Practical outcomes, implemented at sponsors sites
Sponsors circuits are often the research location

10. Keys to Success
4 year funding cycle with industry redefinition of needs
Efficient project management
Training new engineers, at least 150 MSc/PhD’s
Networking
Growing & nurturing research infrastructure
Leverage of sponsors $ investment – 50 to 90 times

11. Project Overview and Achievements
P9M Project
2000 – 2003
Project Overview and Achievements

12. P9M Project Overview
13th Extension of the project – Jan 2000 to Dec 2003
39 worlds leading mining companies and suppliers
Results, outcomes used and implemented at sponsors sites across 5 continents
Research team combines the skills and collaboration from leading researchers at JKMRC, UCT and McGill

13. Key Project Contacts Technical Contacts Overall Project Coordination
Project Leader J-P Franzidis
Flotation Module Leader J-P Franzidis & Emmy Manlapig
Comminution Module Leader Steve Morrell
Gravity Module Leader Peter Holtham
UCT Program Martin Harris
McGill Program Jim Finch
Overall Project Coordination
AMIRA Cape Town Peter Gaylard & Nicky Davies
AMIRA Melbourne David Stribley & Kate Bowman

14. Steering Committee Role
Sub-group of sponsors
Assist in project management and technical direction
Transparency maintained with all sponsors
Meet during SRM and at other appropriate opportunities
Advisory role representing all sponsors

15. Steering Committee Members
Anglo Platinum: Sandy Lambert
Teck Cominco: Barun Gorain
Lonmin: Bert Knopjes
Xstrata: Peter Rohner
Newmont: Rob Dunne
Rio Tinto: Ray Shaw
WMC Resources: Narayan Krishnan
JKMRC: JP Franzidis, Emmy Manlapig,
Steve Morrell
UCT: Martin Harris
McGill: Jim Finch
AMIRA: David Stribley, Peter Gaylard

16. P9M Sponsors Major Sponsors Alcoa Noranda/Falconbridge
Anglogold North Limited (Rio Tinto)
Anglo Platinum PT Freeport
BHP Billiton Rio Tinto
Lonmin Platinum Teck Cominco
MIM/Xstrata WMC Resources

17. P9M Sponsors Minor Sponsors Anglo American KCGM Northam Platinum
Cliffs Mining KBGM/Placer Pasminco
DeBeers Kumba Phelps Dodge
Impala Platinum Newcrest Western Metals
INCO Newmont

18. P9M Sponsors Supplier Sponsors BOC/Afrox ME Global Bradken Metso
Eimco Dorr Oliver Minproc
Hatch Outokumpu
JR/Roche Mining Samancor
Magotteaux Senmin

19. Project Reporting Major Progress Reports produced every 6 months
Project Bulletins provide updates to sponsors
Site reports produced for each site program
Final Report – Comminution & Flotation volumes
Minutes and presentation from all meetings

20. Technology Transfer Sponsor review meetings, two per year Workshops
Seminars
Individual sponsor meetings with project team
Technical visits to sponsors sites
Project web site
Networking between sponsors and researchers

21. Research in Comminution, Flotation, Gravity Modules
Financial & Management Structure
Mining Comp’s
Sponsors
Supplier Comp’s
Project Manage Team
AMIRA coord
Steering Committee
Reports, Outcomes, Benefits
Project Manager
$’s
Research in Comminution, Flotation, Gravity Modules
McGill Uni
UCT
JKMRC
$’s
$’s
NSERC
THRIP

22. P9M Sponsorship Costs – A$’s in 2003
Level of Sponsorship
Cost of Sponsorship
Number of Sponsors
Major
76 000 12
Minor
43 000 14
Supplier
23 000 13

23. Continent Origin of Sponsorship (by $’s)
North America 16
South East Asia
South Africa
Australia

24. Funding Leverage Significant funding leverage achieved through:
39 sponsors sharing cost
Complementary funding through South Africa (THRIP) and Canadian (NSERC) Government grants
Indirect leverage through growth of institutions
Research expenditure is up to times sponsors’
$ input

25. Project Web Site www.p9project.com contains all project details
Sponsor only area is password protected
contact AMIRA for password

26. Technical Program & Achievements Introduced by JP Franzidis
P9M Project
Technical Program & Achievements
Introduced by JP Franzidis
Frank Shi - Comminution Module
JP Franzidis - Flotation Module

27. P9N Project

28. Why Commence P9N Project?
P9M Industry sponsors requested the proposal to:
Continue the deliver of value to industry from the Technology developed in P9
Build on the foundations from P9M:
Project has track record of delivery
Researcher relationships and synergy
Networks established between participants
Proven project management processes
Student training

29. Development of the P9N Project
Sponsors and researchers involved
Extensive planning discussions
Industry questionnaires used to prioritise key project areas
Integrated approach
Final proposal circulated

30. Development Schedule

31. Project Overview
Project will commence Jan ‘04 and continue for 4 years
Program has been well developed with industry input
Structured as complementary projects – separately managed and resourced
Project teams resourced appropriately:
from JKMRC, McGill and UCT.
Outsource areas as required
Site specific work program available

32. P9N Project Proposal Overview of project vision, scope, benefits
Emmy Manlapig – Project Manager

33. P9N Project Management & Technology Transfer
Project management system in place
Project management team– key research personnel + AMIRA
Steering Committee
Six monthly progress reports & bulletins
New web site under construction
Other technology transfer initiatives under development

34. Preparation of Project Budget
AMIRA responsible for Project Financials
Work program developed to match available funding
Known costs and activities budgeted up-front
All sponsors input into final work program
Individual projects to manage separate budgets
Project Manager responsible for overall budget

35. P9N Sponsorship Levels Sponsor Levels Major Minor Supplier
Mining companies
Site specific research program
TwoTechnology transfer programs
Minor
No site work
OneTechnology transfer program
Supplier
Industry suppliers only
No technology transfer programs
All sponsors get:
All reports, attend all meetings
Access to all products, outcomes, IP & rights and use within operations

36. P9N Funding Structure A$’s in 2004
Level of Sponsorship Cost per year
Major
Minor
Supplier >US$2b T.O
<US$2b T.O

37. Where to from here?
Proposal circulated for sponsor consideration – Sept ‘03
Continuing roadshow meetings – Oct/Nov ‘03
Confirmations of sponsorship requested as soon as possible – Dec ’03 at latest
Project commencement – Jan 2004
Project startup meeting, Brisbane, March 2004
First sponsors review meeting around June 2004

38. Why join P9N? Well defined deliverables and benefits
Project management systems in place
Networks established
Significant $ leverage
Research infrastructure
Access to past successes & IP at no additional cost
Successful track record
Your best investment in mineral processing R&D

39. Examples of Direct Sponsor Benefits
BHPBilliton
P9 surveys and modelling tools used to design Cannington upgrade. Assisted in equipment selection while minimising testing and Capex (i.e. No need for 2nd grind line).
TeckCominco
P9 modelling approach used to quantify capacity requirements and configure circuits for Red Dog VIP project. Further work now planned due to success.
De Beers
Full verification of HPGR model now complete and utilised by them widely in simulations.

40. Examples of Direct Sponsor Benefits
Kumba
Using the comminution and flotation models in new plant design.
Alcoa
Implementation of TCPL has resulted in 20% increase in throughput at two locations. Benefits of the order of $20m over 3 yrs.
Lonmin Platinum
FCTR and other design tools have been used in design of 3 new concentrators (commissioned) and 2 more planned.

41. Examples of Direct Sponsor Benefits
Rio Tinto
Extensive surveys and modelling at NPC has enabled optimisation to be undertaken.
Phelps Dodge
Using the simulation tools in plant optimisation and new plant design.
KCGM
P9 modelling tools have resulted in removing secondary crushing costs at a saving of at least $2mpa
Cadia
Assistance in flowsheet design and commissioning

42. Anglo Platinum & Lonmin Testimonial

43. Questions