Northam Platinum | Sustainable Development Report 2011

SUSTAINABLE DEVELOPMENT PERFORMANCE F2011

Economic
performance
- 37 days were lost as a result of industrial action at Zondereinde
- Total of R688 million (F2010: R132.4 million) spent on capital expenditure at Booysendal mine during F2011
- Average rand price received for basket of metals increased from R288 255/kg to R323 899/kg
- Shareholders received R90 million (F2010: R216 million) by way of dividends
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Safety, health and
employee well-being
- Five fatalities (F2010: 1)
- FIIR of 0.06 per 200 000 hours worked, rising from 0.01
- LTIIR of 1.34 per 200 000 hours worked, rising from 0.83
- 28 shifts lost as a result of section 54 stoppages
- 93 new cases of tuberculosis (TB) identified (F2010: 127)
- 577 employees on ART (F2010:434)
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Employment and
human rights
- Six-week strike
- 6.6% women in mining
- 45% HDSAs in management
- Labour turnover dropped to 6.6%
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Community
development
- Development of community engagement policy and strategy at Booysendal
- Agreement on local economic development projects as part of the submission and approval of Northam’s SLPs
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Environmental
performance
- Energy usage – 601 890MWh
- Energy saved – 8 068MWh
- New water used – 4 832 000m³
- Water recycled – 91%
- SO₂ emissions – 6 374 tonnes
- CO₂e emissions – 635 401 tonnes
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REPORT SCOPE AND BOUNDARY

This annual sustainable development report addresses the governance, social, economic and environmental performance of the group.

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CHIEF EXECUTIVE’S REVIEW

This is Northam’s fourth consecutive sustainable development report in which we record the progress our company has made in the past year with respect to managing the performance of our business.

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Northam is committed to upholding and implementing principles of good corporate governance at all levels of the company. The board of directors ensures that all deliberations, decisions and actions of the company’s business and operational structures are based on good corporate governance and fundamentally sound values.

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REPORTING IN LINE WITH GRI

Northam has self-declared a B+ level of reporting and has engaged external auditors ERM to assure certain key parameters and the group’s compliance with its stated application level.

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STAKEHOLDER ENGAGEMENT

Northam ensures that the principles of openness, integrity and accountability are adopted at every level of engagement with identified stakeholders and endeavours to report timeous, relevant and meaningful information to all stakeholders.

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