Kumba

KUMBA IRON ORESUSTAINABLE DEVELOPMENT REPORT 2011

APPROACH AND OVERVIEW

KEY FEATURES OF THE YEAR

KEY FEATURES OF THE YEAR

STAKEHOLDER ENGAGEMENT
  • New stakeholder engagement policy developed and approved
  • Significant progress made with Dingleton resettlement planning, in line with International Finance Corporation (IFC) guidelines
GOVERNANCE OF SUSTAINABILITY
  • First integrated report published
  • Sustainable development report published with A+ level of reporting, checked by GRI
ECONOMIC PERFORMANCE
  • Total dividend cash flow of R17.9 billion distributed to shareholders, of which R4.2 billion paid to BEE shareholders
  • Envision capital distribution of R2.7 billion to employees
  • R8.7 billion paid to the South African government in taxes and royalties
  • 45.6% of discretionary procurement expenditure spent with BEE suppliers
SOCIAL PERFORMANCE

Safety

  • No fatal accidents for the first time since listing in 2006
  • Lost-time injury frequency rate (LTIFR) improved by 33% to 0.08 per 200,000 hours worked
  • Sishen and Thabazimbi mines retained OHSAS18001 certification

Employment

  • 86% of employees represented by unions or collective bargaining agreements
  • No significant disputes or work stoppages
  • 80 hours of training per employee, with R120.4 million spent on training and development

Human rights

  • No human rights disputes
  • Continued signatory to the United Nations Global Compact

Social and community development

  • All social and labour plan (SLP) targets, with the exception of hostel conversion, met or exceeded
  • R191 million spent on social and community development (SCD), including inter-Anglo American contributions
  • R527 million in dividends to SIOC CDT, facilitating investments in the company’s communities
ENVIRONMENT
  • Sishen and Thabazimbi mines retained ISO14001 certification
  • Seven Level 3 environmental incidents with no fines or regulatory directives