Provision for Environmental Rehabilitation (Tables)

12 Months Ended

Dec. 31, 2014

Reconciliation of Total Liability for Environmental Rehabilitation

The following is a reconciliation of the total liability for environmental rehabilitation:


	December 31, 2014			December 31, 2013
Provision for environmental rehabilitation
Opening balance		269.2			373.6
Addition to liabilities - continuing operations		36.7			10.3
Liabilities settled - continuing operations		(2.8	)		(2.5	)
Accretion of liability - continuing operations		15.4			10.4
Accretion of liability - discontinued operations		—			2.2
Barrick Yilgarn asset purchase		—			55.0
Disposal of discontinued operations		—			(154.9	)
Foreign currency translation adjustment		(18.4	)		(24.9	)

Closing balance		300.1			269.2

Undiscounted Closure Cost Estimates

The provision is calculated using the following undiscounted closure cost estimates:


	December 31, 2014		December 31, 2013
South Africa		32.3		33.3
Ghana		89.4		83.3
Australia		212.7		196.6
Peru		56.4		42.0

Total closure cost estimate ¹		390.8		355.2

(1)

Includes discounting of $90.7 million in the year ended December 31, 2014 (December 31, 2013: $86.0 million) in order to reconcile the gross closure cost estimate of $390.8 million (December 31, 2013: $355.2 million) to the provision for environmental rehabilitation of $300.1 million (December 31, 2013: $269.2 million)