Property, Plant And Equipment

12 Months Ended

Dec. 31, 2014

12.

PROPERTY, PLANT AND EQUIPMENT


	December 31, 2014			December 31, 2013
Cost		7,453.4			7,731.7
Accumulated depreciation and amortization		(3,000.1	)		(2,798.7	)

		4,453.3			4,933.0

Mining properties, mine development costs, mine plant facilities and mineral interests		3,807.2			4,285.1
Asset retirement costs		105.7			89.3
Other non-mining assets		540.4			558.6

		4,453.3			4,933.0

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


	December 31, 2014		December 31, 2013
South African operations		67.4		50.0
Tarkwa Mine		9.0		10.9
Cerro Corona		34.5		43.0

		110.9		103.9

Depreciation charge on property, plant and equipment for continuing operations amounted to $677.3 million (fiscal 2013: $568.5 million and fiscal 2012: $425.8 million).

Fleet assets in Ghana with a carrying value of $176.6 million have been pledged as security for the $70 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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