Report scope and boundary

This integrated report addresses the sustainability of the business in an holistic way, including both financial and non-financial performance and forms part of a suite of reports prepared for stakeholders, namely:

• Notice of annual general meeting and abridged report 2012 (PDF - 675KB), posted to shareholders.
• This annual integrated report 2012.
• The sustainable development report, which reports primarily on our non-financial performance.

These reports are all available in a printed format on request.

Northam Platinum Limited (Northam) is listed on the JSE Limited in South Africa, and the company reports in line with the JSE’s listings requirements. Reporting is also in line with International Financial Reporting Standards (IFRS), the new South African Companies Act, and SAMREC’s guidance in respect of the reporting of mineral reserves and mineral resources. Northam is committed to reporting in line with the King Report on Corporate Governance for South Africa 2009 (King III) and has reported on the application of these guidelines in the corporate governance section of its annual report. Northam has also adopted the Global Reporting Initiative’s G3 (GRI version 3.1) guidelines as the basis of reporting, and has declared a B+ level of report.

Northam has in place a significant level of internal and external control. The internal audit function is undertaken by KPMG Services Proprietary Limited (KPMG) on an outsourced basis, to provide an independent appraisal function with specific responsibility for examining and evaluating the group’s systems of internal control in the mitigation of business risks, and to assist members of management to effectively discharge their duties. The group’s consolidated annual financial statements have been audited by the external auditor, Ernst & Young Inc. (Ernst & Young), and the independent auditor’s report may be found in the annual financial statements. Certain nonfinancial key performance indicators (KPIs) have been assured by independent assurance provider, Environmental Resources Management Limited (ERM) in respect of Northam’s application of the GRI G3 application, alignment with AA1000 AccountAbility Principles of Inclusivity, Materiality and Responsiveness and selected Performance Indicators (KPIs). ERM’s statement of assurance may be found in the sustainability report.

Information in this report pertains to F2012, the period from 1 July 2011 to 30 June 2012. Data for previous years is provided in certain instances for comparative purposes. There have not been any significant restatements of data or information during the year.

Unless otherwise specified, Northam reports on its production, reserves and resources as 3PGE+Au – which is made up of a basket of platinum, palladium, rhodium and gold.

This report covers Northam’s core, managed operations - namely the Zondereinde mine and metallurgical complex, and the Booysendal mine – see the group structure.