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Commitments
 12 Months Ended
Dec. 31, 2012
Commitments
20. COMMITMENTS

 

     December 31,
2012		      December 31,
2011		  
Capital expenditure      

Authorized

South Africa - KDC

   

 

401.0

  

   

 

373.7

  
     

South Africa - Beatrix

      104.8         87.1   

South Africa - South Deep

      446.3         433.1   

Ghana - Tarkwa

      110.9         126.5   

Ghana - Damang

      9.8         16.9   

Peru - Cerro Corona

      6.4         44.7   

Australia - St Ives

      175.7         150.3   

Australia - Agnew

      1.6         10.4   

Other

      0.8         0.4   
  

 

 

     

 

 

  
     1,257.3         1,243.1   
  

 

 

     

 

 

  

Contracted for

      244.6         245.7   

Other guarantees

      0.5         1.7   

The Group also provides environmental obligation guarantees with respect to its South African, Ghanaian and Australian operations. These guarantees, amounting to $193.8 million at December 31, 2012 (December 31, 2011: 154.4 million) have not been included in the amount of guarantees of $0.5 million (December 31, 2011: $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. All the contracted capital expenditure as at December 31, 2012 and December 31, 2011 relates to obligations within the next 12 months. The expenditure relates to mining development, infrastructure and hostel upgrades.