19.

COMMITMENTS


	December 31, 2011		December 31, 2010		June 30, 2010
Capital expenditure
—authorized
South Africa—KDC		373.7		375.2		342.4
South Africa—Beatrix		87.1		96.8		87.2
South Africa—South Deep		433.1		573.4		568.9
Ghana—Tarkwa		126.5		67.7		148.9
Ghana—Damang		16.9		53.1		7.5
Peru—Cerro Corona		44.7		44.0		29.4
Australia—St Ives		150.3		22.3		58.1
Australia—Agnew		10.4		59.0		10.2
Other		0.4		0.1		0.2

		1,243.1		1,291.6		1,252.8

The above capital expenditure amounts are based on management accounts which are prepared based on IFRS.


Contracted for	245.7	167.4	236.9
Other guarantees	1.7	2.2	2.6

Guarantees consist of $1.2 million to the Department of Minerals and Energy in South Africa and $0.5 million for numerous other obligations. The Group also provides environmental obligation guarantees with respect to its Ghanaian and Australian operations. These guarantees, amounting to $56.3 million at December 31, 2011 (December 31, 2010: $49.3 million; June 30, 2010: $45.0 million) have not been included in the amount of guarantees of $1.7 million because they are fully provided for under the related asset retirement obligation.

Commitments will be funded from internal cash resources and borrowings as necessary.