Annual Report and Accounts 2011

Print this page Bookmark this page E-mail this page Make the text smaller Make the text bigger
Notes to the Annual Financial Statements
For the year ended 30 June 2011

Back to notes index

12. Directors' and employees' remuneration

Staff costs (excluding the Non-Executive Directors) during the year were as follows:

US$ million 2011 2010
Wages and salaries – mining 75.0 53.9
Wages and salaries – exploration 0.5 0.5
Wages and salaries – administration 4.3 3.4
Pension 0.1 0.1
79.9 57.9

In addition, during the year the Group capitalised US$4.7 million of wages and salaries relating to the rebuild and expansion projects at Williamson. During the prior year, the Group capitalised US$8.2 million of salaries and wages relating to the feasibility study at Williamson.

Number Number
The number of employees (excluding the Non-Executive Directors and contractors) at the various
mining and exploration operations of the Group at the end of the Period was 3,902
(30 June 2010: 3,701), employed as follows:
Mining and exploration 3,729 3,553
Administration 173 148
3,902 3,701

Remuneration in respect of Executive and Non-Executive Directors was as follows:

US$ million Base
Executive Directors
A Pouroulis 0.2 0.1 0.3 0.3
D Abery 0.4 0.3 0.7 0.6
J Dippenaar 0.4 0.3 0.7 0.6
J Davidson 0.4 0.3 0.7 0.6
1.4 1.0 2.4 2.1

The Directors are considered to be key management.

Non-Executive Directors

Non-Executive Directors received remuneration of US$0.1 million (30 June 2010: US$0.1 million).

Further detail in respect of Executive and Non-Executive Directors remuneration during the year is disclosed in the Directors' Remuneration Report. The IFRS 2 charge relating to the Executive Directors for the year was US$0.6 million (30 June 2010: US$0.7 million). See note 28 in respect of share-based payments.