Property, Plant And Equipment

12 Months Ended

Dec. 31, 2012

10.

PROPERTY, PLANT AND EQUIPMENT


	December 31, 2012			December 31, 2011
Cost		12,868.5			12,083.9
Accumulated depreciation and amortization		(5,479.6	)		(5,067.1	)

		7,388.9			7,016.8

Mining properties, mine development costs, mine plant facilities and mineral interests		6,344.5			6,021.3
Asset retirement costs		119.3			112.3
Other non-mining assets		925.1			883.2

		7,388.9			7,016.8

Included in property, plant and equipment is cumulative capitalized interest, net of amortization, relating to the following assets:


	December 31, 2012		December 31, 2011
South African operations		45.5		32.5
Tarkwa Mine		13.5		14.4
Cerro Corona		71.6		75.4

		130.6		122.3

Depreciation charge on property, plant and equipment amounted to $729.9 million (fiscal year ended December 31, 2011: $745.3 million; six months ended December 31, 2010: $389.4 million; fiscal year ended June 30, 2010: $631.1 million).

Fleet assets in Ghana with a cost of $80.7 million have been pledged as security for the $60 million senior secured revolving credit facility. For further information, see Note 14(h).

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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