Audited condensed consolidated financial report for the year ended
31 December 2008 and final cash dividend declaration

Production report

Quarterly overview

Total iron ore production increased by 6% in the fourth quarter from a year earlier to 9,6Mt. This was due mainly to the 1,6Mt of production delivered by the Jig plant.

	Quarter ended			Quarter ended
	31 Dec	31 Dec	Change	30 Sep	30 Sep	Change
‘000 tonnes	2008	2007	%	2008	2007	%
Iron ore	9 552	8 992	6	10 084	7 813	29
– Lump	5 897	5 221	13	5 965	4 661	28
– Fines	3 655	3 771	(3)	4 119	3 152	31
Mine production	9 552	8 992	6	10 084	7 813	29
– Sishen Mine	8 857	8 268	7	9 394	7 210	30
DMS plant	7 028	8 095	(13)	7 346	7 210	2
Jig plant	1 647	173	—	1 808	—	—
Other	182	—	—	240	—	—
– Thabazimbi Mine	695	724	(4)	690	603	14

Yearly overview

Sishen Mine – DMS plant

28,4Mt was produced by the DMS plant for the year, 1,1Mt less than the record production achieved from the plant in 2007. Production was negatively affected due to a reduction in the yield of the plant due to a lower feed grade fed to the plant.

Sishen Mine – Jig plant (Sishen Expansion Project)

Production from the Jig plant for the year was 4,7Mt. This production level was lower than anticipated and was impacted by several technical difficulties as well as the late commissioning of the crushing and sample plants and the scaling back on throughput in the fourth quarter. Based on the recent performance from the Jig plant, it is anticipated that an annualised production rate of 13Mt should be achieved during the fourth quarter of 2009. Production may need to be scaled back if stable market demand does not prevail during 2009.

	Twelve months ended
	31 Dec	31 Dec	Change
‘000 tonnes	2008	2007	%
Iron ore	36 699	32 401	13
– Lump	22 042	19 044	16
– Fines	14 657	13 357	10
Mine production	36 699	32 401	13
– Sishen Mine	34 039	29 728	15
DMS plant	28 395	29 555	(4)
Jig plant	4 747	173	100
Other	897	—	100
– Thabazimbi Mine	2 660	2 673	—