Creating sustainable value
Annual Report 2006

Quicklinks to financials

Balance sheets
Income statements
Cash flow statements
Statement of changes in equity
Notes


Quicklinks to commentary

Chairman's letter to shareholders
Ceo's review of the year
Group four-year financial review
Financial review
Review of operations


Quicklinks to sustainability

Introduction
Corporate Governance


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Vision

To evolve during the Mining Charter period into an operating, diversified mining company by pursuing value accretive acquisitions throughout Africa, based on an inclusive approach to empowerment and leveraging our entrepreneurial flair and brand.


Mission

To use our ability to contribute financially and through management’s operational expertise to facilitate and include new historically disadvantaged South African entrants in future transactions in the mining sector as well as exploration and development joint ventures.


Chairman's letter to shareholders

Tokyo Sexwale

It remains Mvela Resources’ vision to be one of the leading, broad-based, pan-African empowerment companies...

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Ceo's review of the year

Pine Pienaar At a purely financial level, the results of the company have been pleasing, with a significant increase in headline earnings per share...

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Highlights

  • Sharp increase in headline earnings per share to 1,663 cents for the year ended 30 June 2006, compared with 91 cents for the year ended 30 June 2005.
  • Rising gold price drives a R3.4 billion increase in fair value of investment in Gold Fields to R7.4 billion.
  • Acquisitive and growth potential strengthened by R145 million attributable cash-flow from Northam.
  • Mvela Holdings’ acquisition of a 29% stake in Mvela Resources enhances and brings certainty to Mvela Resources’ long-term empowerment status.
  • Due to Mvela Resources’ exposure to precious metals, it has significantly outperformed the FTSE/JSE Resources Index.

Share Price Outperformance

Share Price Outperformance