The world's largest primary producer of platinum and rhodium, and second largest producer of palladium;

The Group's five key mines are Rustenburg, Union, Amandelbult, Potgietersrust and Lebowa;

Joint ventures include:

- BRPM with the Royal Bafokeng;

- Modikwa with ARM

The Bill Information attachment states:

that the Bill provides for the "acquisition, possession, smelting, refining, beneficiation, use and disposal" of precious metals on a wider scale than previously, extending the length of licences and who may hold them.

Athough the Bill does not implicitly refer to beneficiation.

These have been stated as follows:

• New definitions are proposed;
• Administrative functions centralized under the Precious Metals Regulator;
• Introduction of a new 'precious metal beneficiation licence'; and
• Less restrictive legislation regarding transportation of precious metals.

• To provide greater downstream beneficiation opportunities; and
• To assist towards Government's implementation of its broad-based socio-economic empowerment charter.

• developing beneficiation;
• creating new jobs; and
• growing domestic investment.

However:

There are certain positive and negative elements to the Bill that will have implications both in terms of its execution and for the precious metals industry as a whole.

• Centralized administration rather than the current cumbersome process led by DME regional managers;
• Attempts to regulate precious metal transport in a more secure manner;
• Sets out all licences required by participants across
• the precious metals industry; and
• Consolidates the remaining provisions of various old laws.

• Definitions and descriptions are complex which will require costly laboratory analysis and expert opinion;
• Regulations restricting imports and exports, potentially interrupting metal flow, lead to uncertainty and are a precursor to short term market volatility and long term substitution;
• Consent to export, in particular, may restrict timeous supply, negatively impacting market confidence;
• Certified copies only of producers licences may lead to forgery, fraud and illegal trade in precious metals;
• An absence of clarity of the Minister's discretionary powers may lead to a transgression of Section 33 of the Constitution on Administrative Justice.

• Clarity is required on what the Bill is or is not too much importance sits with the Bill's intent (contained in a separate document) without any reference to the Bill itself;
• Modify the Bill to deal with administrative and security aspects only;
• A General Beneficiation Promotion Bill, incorporating all minerals, that provides definition, establishes clarity and captures the intent discussed above is a necessity;
• Drafting should be in conjunction with the dTI (e.g., MIDP).

• Anglo Platinum supports an extension to engage with the DME on the aforementioned aspects;
• The opinion of more downstream fabricators/manufacturers needs to be included, many of whom have not been part of the process and not had the opportunity to comment;
• Jointly addressing the clarity and certainty aspects of the Bill, and of beneficiation, will portray, both locally and internationally, positive cooperation and agreement at the highest level;

This will provide the platform that will attract foreign investors, stimulate domestic investment and create new employment opportunities.