Property, Plant And Equipment

12 Months Ended

Dec. 31, 2013

12.

PROPERTY, PLANT AND EQUIPMENT


	December 31, 2013			December 31, 2012
Cost		7,731.7			12,868.5
Accumulated depreciation and amortization		(2,798.7	)		(5,479.6	)

		4,933.0			7,388.9

Mining properties, mine development costs, mine plant facilities and mineral interests		4,594.5			6,344.5
Asset retirement costs		86.4			119.3
Other non-mining assets		252.1			925.1

		4,933.0			7,388.9

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


	December 31, 2013		December 31, 2012
South African operations		61.6		45.5
Tarkwa Mine		12.9		13.5
Cerro Corona		67.6		71.6

		142.1		130.6

Depreciation charge on property, plant and equipment for continuing operations amounted to $568.5 million (fiscal year ended December 31, 2012: $425.8 million and fiscal year ended December 31, 2011: $421.4 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. Refer note 16(f).

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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