Gloria

Manganese ore export volumes fell during the first half of the year but recovered in the second half with manganese ore sales volumes for the year totalling 1.678 million tonnes (FY2005: 1.811 million tonnes). High carbon ferromanganese sales volumes increased to record levels during FY2006 at 201 000 tonnes (FY2005 : 150 000 tonnes). Demand for refined ferromanganese was particularly strong and sales volumes were at a record 58 000 tonnes (FY2005: 46 00 tonnes). In June 2006, the 2006 mineral reserves at Gloria 1 Ore body increased by 2,7 Mt to 75,3 Mt (72,6 Mt in 2005).The 2006 evaluation reported a slightly higher tonnage after the block model was rebuilt.The Measured and Indicated mineral resources at Gloria 1 Ore body showed an increase from 94,3 Mt to 97,7 Mt. Only limited production took place at Gloria for the year under review.The mineral resources at Gloria 2 Ore body stayed the same at 138,2 Mt.