2. GOLD PRICES December 2000 to September 2011 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 US$ per Ounce Robertson Economic Information Services US$1 771

3. GOLD PRICES December 2000 to October 28 2011 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 US$ per Ounce Robertson Economic Information Services US$1 741

4. GOLD PRICES December 2000 to December 2011 Month-End Prices | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 US$ per Ounce Robertson Economic Information Services US$1 574

5. GOLD PRODUCTION VOLUMES Robertson Economic Information Services KILOGRAMS PER YEAR

6. GOLD PRODUCTION VOLUMES Robertson Economic Information Services KILOGRAMS PER YEAR FIRST 8 MONTHS 2011

7. MINING PRODUCTION PLATINUM Robertson Economic Information Services KILOGRAMS

8. MINING PRODUCTION PLATINUM Robertson Economic Information Services KILOGRAMS FIRST 8 MONTHS 2011

9. MINING PRODUCTION PALLADIUM Robertson Economic Information Services KILOGRAMS

10. MINING PRODUCTION RHODIUM Robertson Economic Information Services KILOGRAMS

11. MINING PRODUCTION VOLUMES TONNES Robertson Economic Information Services

12. MINING PRODUCTION VOLUMES - BASE MINERALS TONNES Robertson Economic Information Services

13. COAL PRODUCTION Tonnes per Month - Jan 1996 to Aug 2011 Robertson Economic Information Services To August 2011 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011

14. HWANGE COLLIERY Improving Performance First six months 20112010 Coal sales, millions of tonnes 1,161,18 Coking coal, tonnes 364 000319 159 Revenue US$’m48,645,2 ------------------------------------------------------------- US$180 million needed to update underground and opencast mining operations Robertson Economic Information Services

15. COAL PRODUCTION Tonnes per Month - Jan 1996 to Aug 2011 Robertson Economic Information Services | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011

16. MINING PRODUCTION HIGH CARBON FERROCHROME TONNES Robertson Economic Information Services

17. MINING PRODUCTION NICKEL TONNES PER YEAR Robertson Economic Information Services

18. TONNES PER YEAR Robertson Economic Information Services MINING PRODUCTION COPPER

19. MINING PRODUCTION COBALT TONNES

20. MINING PRODUCTION IRON ORE TONNES Robertson Economic Information Services

21. MINING PRODUCTION PHOSPHATE ROCK TONNES PER YEAR Robertson Economic Information Services

22. ASBESTOS PRODUCTION VOLUMES TONNES Robertson Economic Information Services

23. MINING PRODUCTION IRON ORE TONNES Robertson Economic Information Services

24. MINING PRODUCTION IRON ORE TONNES Robertson Economic Information Services

25. ZISCO STEEL SALES 2000 FIRST MERCHANT BANK TONNES PER MONTH

26. COMMODITY PRICES INDEX: DEC 2006=100 INDEX: December 2006=100 || 2007 | 2008 | 2009 | 2010 | 2011 |

27. PLATINUM PRICES | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | US$ per Ounce 2011 2010 Robertson Economic Information Services 2012

28. GOLD & PLATINUM PRICES | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | US$ per Ounce PLATINUM 2011 Robertson Economic Information Services GOLD

29. PALLADIUM PRICES | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | US$ per Ounce 2011 2010 Robertson Economic Information Services

30. GOLD PRICES | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | US$ per Ounce 2011 2010 Robertson Economic Information Services 2012

31. MINING PRODUCTION VOLUMES TONNES Robertson Economic Information Services

32. MINING PRODUCTION VOLUMES – PRECIOUS METALS Robertson Economic Information Services KILOGRAMS

33. RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue from the Mineral Sales exceeds Costs COSTS AFTER VERY LARGE CAPITAL OUTLAY

34. RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue from the Mineral Sales exceeds Costs COSTS AFTER VERY LARGE CAPITAL OUTLAY ARE INCREASED BY ADDITION OF ROYALTIES

35. RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue from the Mineral Sales exceeds Costs Revenue exceeds costs= Profit COSTS & REVENUE Value of minerals produced ROYALTIES CALCULATED AS A % OF TOTAL VALUE OF MINERALS PRODUCED

36. RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue from the Mineral Sales exceeds Costs Revenue exceeds costs Costs exceed revenue = Profit = Loss COSTS & REVENUE Value of minerals produced ROYALTIES CALCULATED AS A % OF TOTAL VALUE OF MINERALS PRODUCED …but after downturn in metal prices

37. RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue from the Mineral Sales exceeds Costs Revenue exceeds costs Costs exceed revenueLoss COSTS & REVENUE Value of minerals produced = Profit

38. RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue from the Mineral Sales exceeds Costs Revenue exceeds costs Costs exceed revenueLoss COSTS & REVENUE Value of minerals produced = Profit Mining company’s entire investment is to earn this profit

39. RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue from the Mineral Sales exceeds Costs Revenue exceeds costs Costs exceed revenue Profit Loss COSTS & REVENUE Value of minerals produced …but after downturn in metal prices

40. RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue from the Mineral Sales exceeds Costs Revenue exceeds costs Costs exceed revenue Profit Loss COSTS & REVENUE Value of minerals produced This profit not be sufficient to justify the mining company’s investment …but after downturn in metal prices

41. RESOURCE CONVERSION: Sales Revenue becomes Payments for Goods and Services needed to extract Minerals. Profits are made only if Revenue from the Mineral Sales exceeds Costs Revenue exceeds costs Costs exceed revenue Profit Loss COSTS & REVENUE Value of minerals produced If metal prices fall, company’s investment could experience loss

42. DIAMOND REVENUES 2011 US$122 256 491 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | US$’000

44. CHIADZWA DIAMONDS African Consolidated Resources Claim

45. CHIADZWA DIAMONDS Mbada Diamonds Marange Resources Marange Resources ZMDC

46. CHIADZWA DIAMONDS Mbada Diamonds Marange Resources Marange Resources ZMDC

47. CHIADZWA DIAMONDS Mbada Diamonds Marange Resources Marange Resources ZMDC CIO PRISONS ANJIN ARMY POLICE

48. CHIADZWA DIAMONDS Mbada Diamonds US$600m m Marange Resources Marange Resources ZMDC CIO PRISONS ANJIN ARMY POLICE

49. CHIADZWA DIAMONDS Mbada Diamonds US$600m m Marange Resources Marange Resources ZMDC CIO PRISONS ANJIN ARMY POLICE

50. MINING STATISTICS Jan to Aug 2011