INTEGRATED APPROACH TO REPORTING
Kumba has adopted an integrated approach as the basis for its
annual reporting for the 2011 financial year, that is, from
1 January 2011 to 31 December 2011.
Kumba has therefore produced an integrated report as its primary vehicle for communicating with the company’s broad range of stakeholders and interested and affected parties, including shareholders, employees, customers, communities, suppliers and the public at large. This report is intended to provide a holistic picture of the business, covering the group’s operating context and markets, the opportunities and challenges it faces, its strategy, its operational, financial and non-financial performance for the year, and its objectives and outlook for the year ahead. Cognisance is taken also of the issues and concerns raised by stakeholders.
In embarking on this journey towards fully integrated reporting, Kumba recognises that there is still a need to develop and publish a sustainable development report. Its previous report, called the Responsibility Report, was published for 2010.
This Sustainable Development Report 2011 has been developed in line with the G3.0 Guidelines of the Global Reporting Initiative (GRI) and GRI’s Mining and Metals Sector Supplement. Kumba has declared an A+ level of reporting, and this has been assured by PricewaterhouseCoopers (PwC). PwC’s statement of assurance may be found in the Assurance. This report has also been checked by GRI, whose statement appears on the Statement from the Global Reporting Initiative. The previous report was aligned with a C+ level of reporting.
This Sustainable Development Report 2011 also takes the framework and principles of the International Council on Mining and Metals (ICMM) into consideration, of which Anglo American plc is a member.
While this report provides greater detail on the economic, social and environmental objectives, strategy and performance of the group during 2011, it recognises the need to address the business case for sustainable development, and focuses on those issues that are most material to the business and its stakeholders. Kumba has followed a structured and disciplined process in identifying its stakeholders and in arriving at its material issues, which has been informed by GRI’s guidance on defining report content, quality and boundaries. Further discussion on material issues and stakeholder engagement may be found under Material issues and Stakeholder engagement sections.
The report covers the primary operations owned and managed by the group, namely Sishen, Thabazimbi and Kolomela mines, as well as the group’s corporate office. The report also includes the performance of contractors in respect of certain key parameters, such as safety.
Production at Kolomela mine started during the year under review and is reported for the first time. As this operation is still in a start-up phase, some information is either not available or not yet meaningful and is therefore not yet provided. Historical information is supplied for context where appropriate. Also supplied are targets and projections where these support an understanding of the strategy of the business.
Kumba has internal systems in place for data collation, and these are aligned with the requirements of the Anglo American plc Group of companies. Internal and external audits of the group’s systems and data integrity are carried out on a regular basis. Where relevant, data measurement techniques and the bases of calculations, including assumptions and techniques underlying estimations applied to the compilation of indicators, are indicated in the report, or in the glossary of terms found on Glossary of terms and acronyms. Should further clarity be required, stakeholders are invited to contact the company.
Stakeholders are encouraged to provide feedback on Kumba’s reports and its reporting. Feedback and suggestions will be taken into consideration as the group continues its integrated reporting journey. A feedback form is provided as an insert at the back of this report and on the website.
Any questions regarding this report or its contents should be addressed to:
Manager: social and community development
Kumba Iron Ore
Centurion Gate Building 2B
124 Akkerboom Road
Tel: +27 (0) 12 683 7000