1. Table 2: HDSA Market Capitalisation of Top 25 (approximate)
Company
Market Cap (Rm)
HDSA %
Gross HDSA Value (Rm)
Net Value (NV)
Yes/No
Value (Rm)
NV as % of Market Cap
African Rainbow Minerals Ltd
R40 173,00
55,00%
R22 095,15
Yes
1,16%
Impala Platinum Holdings Ltd
R108 528,00
16,10%
R17 473,01
0,91%
Assore Ltd
R31 326,00
26,10%
R8 176,09 No
0,43%
Exxaro Resources Ltd
R64 000,00
19,25%
R12 320,00
R0,00
0,00%
Royal Bafokeng Platinum Ltd
R10 254,00
57,13%
R5 858,11
Optimum Coal Holdings Ltd
R6 672,00
73,30%
R4 890,58
Northam Platinum Ltd
R15 109,00
26,60%
R4 018,99
Harmony Gold Mining Company Ltd
R38 381,00
8,20%
R3 147,24
Aquarius Platinum Ltd
R15 736,00
15,20%
R2 391,87
AngloGold Ashanti Ltd
R109 320,00
1,90%
R2 077,08
Gold Fields Ltd
R71 611,00
2,30%
R1 647,05
Anglo American Platinum Ltd
R158 111,00
1,00%
R1 581,11
Coal of Africa Ltd
R4 780,00
9,50%
R454,10
Great Basin Gold Ltd
R6 146,00
6,00%
R368,76
BHP Billiton Plc
R556 865,00
Anglo American plc
R445 035,00
Kumba Iron Ore Ltd
R162 958,00
Lonmin plc
R30 545,00
Uranium One Inc
R19 345,00
Palabora Mining Company Ltd
R6 241,00
Eastern Platinum Ltd
R5 413,00
Platmin Ltd
R3 605,00
Metorex Ltd
R8 436,00
Total
R1 910 154,00
4,53%
R86 499,14
R47 744,24
2,50%
Concluded BEE Deals at Holding Company Level
Concluded BEE Deals at Operational Level
Source: KIO Advisory Services, SAMDA, 2011&2010

2. Table 3: Analysis of the Top 11 companies
TOP 11 JSE MINING COMPANIES
Company
Revenue
Cost of Sales
SED
SA TAX
Employment Costs
Total Dividends
Local
Foreign
BHP Billiton Plc
R369 586,00
Not Disclosed
R12 321,00
R2 888,00
R9 432,00
Anglo American plc
R241 040,00
R18 600,00
R574,00
R8 776,00
R41 427,00
R6 340,00
R2 326,00
R4 014,00
AngloGold Ashanti Ltd
R9 072,00
R85,00
R1 279,00
R8 712,00
R351,00
R115,00
R235,00
Impala Platinum Holdings Ltd
R26 121,00
R11 745,00
R170,00
R3 389,00
R5 143,00
R7 822,00
R4 693,00
R3 128,00
Gold Fields Ltd
R29 087,00
R21 766,00
R17,00
R2 353,00
R1 854,00
Exxaro Resources Ltd
R17 155,00
R140,00
R655,00
R1 789,00
R1 134,00
African Rainbow Minerals Ltd
R11 425,00
R7 480,00
R73,00
R1 009,00
R1 491,00
R1 812,00
R0,00
Harmony Gold Mining Company Ltd
R11 284,00
R10 484,00
R81,00
R335,00
Non
Assore Ltd
R3 382,00
R4 787,00
R822,00
R358,00
Lonmin plc
R12 363,00
R9 640,00
R50,00
R920,00
R4 609,00
Northam Platinum Ltd
R3 900,00
R3 100,00
R333,00
R216,00
Total
R725 343,00
R96 674,00
R1 190,00
R19 871,00
R61 382,00
R32 863,00
R13 063,00
R18 517,00