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This report reviews African Rainbow Minerals’ (ARM) economic, social and environmental performance for the financial year which covers the period from 1 July 2009 to 30 June 2010. The report highlights a number of positive achievements and developments that we have made, and identifies some of our focus areas and areas for improvement.
The report is targeted at a broad range of stakeholders and aims to present a balanced review of the issues material to these stakeholders.
ARM’s sustainability reporting is limited to the Platinum and Ferrous Divisions and excludes those investments in which the Company does not have direct management control, namely Harmony Gold and Xstrata Coal. The management of Goedgevonden has been outsourced to Xstrata Coal. The report also does not cover projects which are in exploration or development phase, nor does it cover Kalplats, which is at a feasibility phase.
All non-financial parameters are reported on a 100% basis, unless otherwise stated. All monetary amounts in the report are given in South African Rand, unless otherwise stated. To facilitate comparability with our previous reports, we have endeavoured to be consistent in the parameters reported against year-on-year. Data is provided for the last two years, and in some cases, the last three years. We continue to focus on enhancing the reliability and hence comparability of the year-on-year data we report. Significant restatements of data are noted where applicable.
This review has drawn on the G3 Sustainability Reporting Guidelines of the Global Reporting Initiative (GRI) for general guidance purposes and meets the B-Level reporting requirements. This year we are also reporting against the GRI’s mining and metals sector supplement. A response to each of the GRI reporting indicators is provided in a table towards the end of this report, together with the Independent Third Party Assurance statement and our response to the findings of this engagement. This report also includes a performance review against the principles of the ICMM, and the South African Mining Charter.
In addition to this standalone report on our sustainability performance, a summarised version has been published in our annual report. This more comprehensive version includes a further level of detail and a selection of case studies, compiled by an independent journalist, Peter Delmar, to illustrate some of the Local Economic Development (LED) and Corporate Social Investment (CSI) initiatives in which ARM and its associates are involved, in a frank and objective fashion.
We encourage you to share your thoughts with us on this report. To submit your comments, or to request further information, please contact:
Group Manager: Sustainable Development Reporting
African Rainbow Minerals Limited
PO Box 786136, Sandton, 2146, South Africa
Telephone: +27 (0) 11 779 1545;
Facsimile: +27 (0) 86 575 9024