Mineral Resources					Mineral Reserves
	Mt	Cr2O3 %	FeO %			Mt	Cr2O3 %	FeO %
Measured	20,43	38,45	22,62		Proved	12,99	33,79	21,15
Indicated	34,60	37,91	22,50		Probable	26,16	34,12	21,33
Total Measured and Indicated 2012	55,03	38,11	22,54		Total Reserves 2012	39,15	34,01	21,27
Total Measured and Indicated 2011	48,77	39,05	23,03		Total reserves 2011	33,44	35,69	22,03
Inferred	48,17	38,35	22,96
Mineral Resources are inclusive of Mineral Reserves. Totals are rounded off. Modifying factors: pillar losses and mining losses.