AFRICAN RAINBOW MINERALS LIMITED Enter
2023
Environmental, social and governance report
We do it better | ||||||||||||||||||||
www.arm.co.za |
OUR 2023 SUITE OF REPORTS
IAR 2023 integrated annual report
A holistic assessment of ARM's ability to create sustainable value, with relevant extracts from the annual financial statements, the environmental, social and governance (ESG) report and Mineral Resources and Mineral Reserves report.
AFS 2023 annual financial statements
The audited annual financial statements have been prepared according to International Financial Reporting Standards (IFRS).
ESG 2023 ESG report
A detailed review of our performance on key environmental, social and governance matters. The ESG report includes the full remuneration report and should be read in conjunction with the additional ESG information available on our website, including the GRI Index.
CCW 2023 climate change and water report
A detailed review of our performance on our key climate change and water matters, in line with the Task Force on Climate-related Financial Disclosures (TCFD).
Information available on our website www.arm.co.za
Information available elsewhere in this report
KING 2023 King IVTM* application register
A summary of how ARM implements the principles and practices in King IV to achieve the governance outcomes envisaged.
MRMR 2023 Mineral Resources and Mineral Reserves report
In line with JSE Listings Requirements, ARM prepares Mineral Resources and Mineral Reserves statements for all its mining operations as per SAMREC guidelines and definitions (2016).
AGM 2023 notice to shareholders
- Notice of annual general meeting
- Form of proxy
- Commitment to good governance
- Board of directors
- Report of the audit and risk committee
- Report of the social and ethics committee chairman
- Summarised remuneration report
- Summarised directors' report
- Summarised consolidated financial statements
TM Copyright and trademarks are owned by the Institute of Directors in South Africa NPC and all its rights are reserved.
All monetary values in this report are in South African rand unless otherwise stated. Rounding may result in computational discrepancies.
Contents
Overview
About our ESG report | 4 |
Reporting in terms of the ICMM performance | |
expectations and mining principles | 6 |
Context, frameworks and reporting | 8 |
Our strategy | 10 |
Where we operate | 16 |
Our value contribution | 18 |
Value created | 19 |
Sustainability performance for 2023 | 20 |
Social and ethics committee chairman's report | 22 |
Chief executive officers' statement | 27 |
Our approach to ESG and value creation
Our approach to sustainable value creation | |
Governance overview | |
Enterprise risk management | |
Stakeholder engagement |
Environment
Environmental management | |
Climate change and energy | |
Water management | |
Waste management | |
Responsible management of tailings | |
storage facilities | |
Air quality | |
Land use management and biodiversity |
Social
Our people
Safety | |
Occupational health and wellness | |
Human resources management | |
Our social impact | |
Community impacts |
Governance
Corporate governance | |
Risk management | |
IT governance | |
Remuneration report | |
Independent assurance report |
Supplementary information
Glossary | |
Contact details |
ARM's reporting against the United Nations Global Compact, the ICMM Performance Expectations, the United Nations Sustainable Development Goals (SDGs), sustainability data tables, and GRI index are available on www.arm.co.za
African Rainbow Minerals (ARM) is a leading South African diversified mining and minerals company with operations in South Africa and Malaysia. ARM mines and beneficiates iron ore, manganese ore, chrome ore, platinum group metals (PGMs), nickel and coal. It also produces manganese alloys and has a strategic investment in gold through Harmony Gold Mining Company Limited (Harmony Gold).
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2023
1
Overview
Black Rock Tailings Storage Facility
2
About our ESG report | 4 |
Reporting in terms of the ICMM performance | |
expectations and mining principles | 6 |
Context, frameworks and reporting | 8 |
Our strategy | 10 |
Where we operate | 16 |
Our value contribution | 18 |
Value created | 19 |
Sustainability performance for 2023 | 20 |
Social and ethics committee chairman's report | 22 |
Chief executive officers' statement | 27 |
As an ICMM member, ARM is committed to mining with principles. We strive to ensure zero harm to employees, contractors, communities and the environment.
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2023
3
About our ESG report
This 2023 environmental, social and governance (ESG) report provides additional information for stakeholders about our ESG practices and performance for the financial year 1 July 2022 to 30 June 2023 (F2023).
The integrated annual report (IAR) | Disclosures in this report focus | • | South Africa's National | |
is the primary report for African | on our most material matters, guided | Development Plan (NDP) | ||
Rainbow Minerals Limited (ARM | by the member requirements of the | • | The United Nations Global | |
or the company), providing | International Council on Mining and | Compact | ||
information on the company's | Metals (ICMM), International | • | The ICMM Sustainable | |
financial and operational | Financial Reporting Standards (IFRS) | Development Framework | ||
performance to meet the needs | Foundation's Integrated Reporting | • | JSE Sustainability and Climate | |
of shareholders, potential investors | Framework, GRI Standards and GRI | Disclosure Guidance | ||
and other providers of capital. This | mining and metals sector | • | World Economic Forum's | |
report should be read with the ARM | supplement. Our approach to ESG | International Business Council's | ||
2023 IAR, the 2023 climate change | is also informed by industry initiatives | stakeholder capitalism metrics | ||
and water report and the rest of the | and good practice, guidelines and | • Initiatives under the Minerals | ||
2023 reporting suite (available on | frameworks including: | Council South Africa (MCSA) | ||
• | The Extractive Industries | • | IFRS Foundation Sustainability | |
Transparency Index (EITI) | Standards S1 and S2 | |||
Reporting guidelines | • | The FTSE/JSE Responsible | • | Global Industry Standard |
The ESG reporting process | Investment Index | on Tailings Management (GISTM) | ||
is informed by the relevant regulatory | • | The South African National | • | UN Sustainable Development |
guidelines, frameworks, industry | Strategic Plan (NSP) 2017-2022 | Goals (SDGs) | ||
initiatives and codes of good | • | The GRI/WBCSD/WRI GHG | ||
practice applicable to the South | Protocol. |
African and global mining sector.
See pages 8 and 9.
MATERIALITY DETERMINATION PROCESS
Determining materiality
ARM's most material matters determine the contents of the IAR and disclosures in this report. These were derived through a formal externally facilitated process with ARM's senior executives
in F2022 and reviewed in F2023 for developments during the year.
Boundary and basis for inclusion
ESG information is included in this report for all operations where ARM has direct or joint management control, namely those in the ARM Ferrous and ARM Platinum divisions. Although the financial results
of Machadodorp Works are reported separately in the IAR and financial statements, ESG information for the operation is included in ARM Ferrous disclosures, in line with operational reporting lines. It excludes operations, joint ventures and investments that we do not manage directly (ARM Coal, the Sakura Ferroalloys smelter and Harmony Gold), as well as projects
in exploration, development or feasibility phases.
ARM acquired Bokoni Mine on 1 September 2022. The environmental and social metrics reported in this report do not include Bokoni Mine. Mine management
Combined assurance
The combined assurance model (page 140) integrates the ARM enterprise risk management (ERM) processes, internal and external audit processes, and assurance from specialists/subject-matter experts to ensure a coordinated and integrated approach to assurance. In doing so, it helps to identify potential gaps in assurance, eliminate duplication and reinforce comprehensive risk-based assurance processes and reporting.
Independent limited assurance was provided by KPMG Inc. over selected key performance information in this report.
See pages 190 to 193. for independent assurance statement
Consistency of disclosure
The ESG data in this report covers ARM's activities for F2023 on a 100% basis (as if ARM owned 100% of all operations), except for pulmonary tuberculosis (PTB) infection and cure rates, which are reported for calendar 2022 to align with legislation on these disclosures.
Note that the total workforce figure used for occupational health and safety statistics is the average
of 19 783 employees and contractors eligible for induction and/or medical
the ICMM's updated Water Reporting Good Practice Guide. Prior-year water figures have been restated
to disclose diversions (as defined
in the previous guidance) separately.
Total land disturbed at the end
of F2022 was revised for updated survey results (see footnote on page 76).
Stakeholder feedback
We value feedback on our ESG reporting, practices and performance. Contact details are included at the back of this report.
Directors' responsibility
The ARM board is ultimately responsible for this ESG report and has mandated the social and ethics committee to oversee the reporting process. The board reviewed the ESG report and believes that, read together with the 2023 IAR and 2023 climate change and water report, it provides an accurate and balanced reflection of the group's activities for the year and appropriately addresses the most material issues.
Dr RV Simelane | Phillip Tobias |
Chairman of | Chief executive |
the social and | officer |
ethics committee |
How we create value
How our activities create value
Our business model | IAR | page 6 |
Impacts on value creation | |||
Operating | External trends and impacts from the | ||
operating environment. Risk and | |||
environment | |||
opportunities that have a material | |||
impact on value. | |||
IARpage 6 | |||
Stakeholder | The material interests of | ||
interests | our key stakeholders. | ||
OUR STRATEGY
How these affect our strategy and how we respond
page 10
Material matters
Integrated report
The most significant risks and opportunities (including ESG issues) that might influence report users' assessment of future cash flow (addressed throughout the integrated report)
Double materiality
ESG report
ARM's most significant ESG impacts (positive, negative, direct and indirect)
is focused on setting up reporting systems for safety, health and environment as well as addressing the risk framework and ESG reporting systems. The formal ESG reporting system will be in place from the start of F2024.
surveillance, and contributing to safety statistics over the year. The total labour figure reported in the human resources management section and IAR of 22 931 is the headcount as at 30 June 2023. From F2023, operational water withdrawal and other managed water is disclosed separately, in line with
10 October 2023 |
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2023
4
5
Reporting in terms of the ICMM performance expectations and mining principles
ARM is proud to be a member of the International Council on Mining and Metals (ICMM), and shares its commitment to mining with principles.
The graphic below references ARM's alignment with the ICMM's mining principles.
OVERVIEW OUR APPROACH
Since F2010, we have reported in terms of the ICMM's original ten sustainable development principles and position statements. The report of the independent assurance provider on page 190 provides an opinion on this report's alignment with ICMM subject matters 1 to 5:
- ICMM subject matter 1: The alignment of ARM's sustainability policies, management standards and procedures to the ICMM principles, any mandatory requirements set out in ICMM position statements and the performance expectations (PEs).
-
ICMM subject matter 2:
ARM's material sustainability risks and opportunities based on its own review of the business and the views and expectations of its stakeholders. - ICMM subject matter 3:
ARM's implementation of systems and approaches used to manage its identified material sustainable development risks and opportunities. - ICMM subject matter 4: ARM's reported performance during the reporting period for the identified material sustainability risks and opportunities.
-
ICMM subject matter 5: ARM's description of the prioritisation process for the selection of assets for
PE validation.
In 2020, the ICMM launched enhanced membership requirements that further strengthen members' social and environmental requirements, underpinned by the 38 PEs. These support progress towards the global targets of the UN SDGs and the Paris agreement on climate change.
The enhanced requirements include robust asset1 and corporate-level validation, credible assurance and transparent disclosure to maximise the industry's benefits to host communities and minimise negative impacts to effectively manage issues of concern to society. All assets subject to PE validation are required to conduct self-assessments once every three years and third-party validation of prioritised assets within a three-year validation cycle.
By September 2022, members were required to complete self- assessments for all assets and prioritise assets for validation in the first three-year cycle. ARM started piloting self-assessments of
PEs in F2019 and in F2022, self- assessments were conducted at Cato Ridge Works, Khumani and Two Rivers mines, and ARM Corporate, with independent third-party validation by the ESG report assurance provider.
ARM's prioritisation of assets selected for PE validation aligns with the ESG report assurance process, with operations selected for external assurance visits in a given year also prioritised for PE validation. In F2023, independent third-party validation of the asset self-assessments was carried out at Modikwa and Khumani mines.
All assets will be subject to external PE validation over a three-year cycle.
Gaps in alignment with the PEs identified in these processes are being addressed.
ARM's self-assessments against the ICMM PE for all assets are available on www.arm.co.za.
As a member of the ICMM, ARM subscribes to the Extractive Industries Transparency Initiative (EITI) - a global standard promoting transparency and the management of revenues from natural resources.
Apply ethical business practices and sound systems of corporate governance and transparency to support sustainable development.
Integrate sustainable development
in corporate strategy and decision-making processes.
Respect human rights and the interests, cultures, customs and values of employees and communities affected by our activities.
Implement effective risk-management strategies and systems based on sound science, and which account for stakeholder perceptions of risk.
Pursue continual improvement in health and safety performance with the ultimate goal of zero harm.
Pursue continual improvement
in environmental performance issues, such as water stewardship, energy use and climate change.
Contribute to the conservation
of biodiversity and integrated approaches to land-use planning.
Facilitate and support the knowledge base and systems for responsible design, use, reuse, recycling and disposal of products containing metals and minerals.
Pursue continual improvement in social performance and contribute to the social, economic and institutional development of host countries and communities.
Proactively engage key stakeholders
on sustainable development challenges and opportunities in an open and transparent manner, effectively report and independently verify progress and performance.
Social and ethics committee chairman's report (page 22) Our approach to sustainable value creation (page 32) Independent sustainability assurance provider report (page 190)
Executive chairman's report (IAR) (page 22) IAR
Social and ethics committee chairman's report (page 22) Our approach to sustainable value creation (page 32)
Social and ethics committee chairman's report (page 22) Our approach to sustainable value creation (page 32) Independent sustainability assurance provider report (page 190)
Our social impact (page 104)
Our approach to sustainable value creation (page 32) Enterprise risk management (page 36)
Executive chairman's report (IAR) (page 22) IAR
Social and ethics committee chairman's report (page 22) Safety (from page 82)
Occupational health and wellness (from page 86)
Environment (from page 54) | CCW |
Climate change and water report |
Environment (from page 54)
Sustainability data tables (biodiversity management) (available on our website)
Our value chain (page 111)
Our value contribution (page 18)
Human resources management (from page 94) Community impacts (from page 104) Stakeholder engagement (from page 46)
Stakeholder engagement (page 46)
AND VALUE CREATION ENVIRONMENT SOCIAL GOVERNANCE SUPPLEMENTARY INFORMATION
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
1The ICMM defines an asset as operations involved in the production or refining of minerals and metals for sale or further processing. It may comprise several sites in different locations under the same management control which support the production and sale.
6
2023
7
Context, frameworks and reporting
We consider sustainable value creation in the context of:
Relevant legislation
OVERVIEW OUR APPROACH
INDUSTRY INITIATIVES AND GOOD PRACTICE
The Minerals Council South Africa (MCSA) | |
PRINCIPLES | POSITION STATEMENTS |
PERFORMANCE EXPECTATIONS | |
CORPORATE SD REPORTING AND ASSURANCE, | |
PE VALIDATION AND DISCLOSURE |
GUIDELINES AND FRAMEWORKS
King IV code
Extractive Industries Transparency Index (EITI)
FTSE/JSE Responsible Investment Index
GRI Standards
Task Force on Climate-related Financial Disclosures (TCFD)
The National Strategic Plan for HIV, TB and STIs 2023 - 2028 (NSP 2023-2028)
South Africa's National Development Plan (NDP)
United Nations Global Compact (UNGC)
United Nations Sustainable Development Goals (UN SDGs)
ICMM Sustainable Development Framework
IFRS Foundation's Integrated Reporting FrameworkIFRS Foundation's sustainability standards S1 and S2
World Economic Forum's International Business Council's stakeholder capitalism metrics
JSE Sustainability and Climate Disclosure Guidance
Global Industry Standard on Tailings Management (GISTM)
ENVIRONMENT
National Environmental Management Act (NEMA) and Regulations
National Environmental Management: Air Quality Act
National Environmental Management: Biodiversity Act
National Environmental Management: Waste Act
National Water Act
National Heritage Resources Act
National climate change response policy
National greenhouse gas reporting regulations
National climate change bill
Mineral and Petroleum Resources Development Act (MPRDA)
COMMUNITIES AND
TRANSFORMATION
MPRDA
Mining charter III
Department of Trade, Industry and Competition revised Codes of Good Practice (dtic CoGP)
Compensation for Occupational Injuries and Diseases Act
SAFETY AND
OCCUPATIONAL HEALTH
Mine Health and Safety Act (MHSA)
Occupational Health and Safety Act (OHSA)
Mining charter III
MPRDA
Disaster Management Act
Occupational Diseases in Mines and Works Act (ODMWA)
Compensation for Occupational Injuries and Diseases Act (COIDA)
HUMAN RESOURCES
MANAGEMENT
Skills Development Act
Employment Equity Act
MPRDA
Basic Conditions of Employment Act
Labour Relations Act
Disaster Management Act
Protection of Personal Information Act (POPIA)
Employment Equity Act
TO ESG AND VALUE CREATION ENVIRONMENT SOCIAL GOVERNANCE SUPPLEMENTARY INFORMATION
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT
Black Rock Tailings Storage Facility
8
2023
9
Our strategy
Deliver competitive returns and sustainable value
Our longer-term strategy is unchanged but we continually review short-term issues - to prioritise our strategic objectives and integrate emerging issues, particularly decarbonisation - into our short, medium and longer-term view.
ENABLED BY | |
STRATEGY | Owner-operator |
DELIVER COMPETITIVE | |
RETURNS AND CREATE | Entrepreneurial |
SUSTAINABLE VALUE FOR | management |
ALL STAKEHOLDERS |
Delivering on our strategy
RESPONSIBLE
HOW
- Drive operational efficiencies and ensure competitive position on global cost curve
- Contain unit cost increases
- Implement appropriate innovation and technology
- Ensure a safe and healthy work environment
- Invest in our people's personal and professional wellbeing
- Enhance relationships with key stakeholders by driving positive and sustainable impact in communities neighbouring our operations
- Remain responsible stewards of the environment.
WHY | Protect value by responsibly and efficiently |
operating our assets and managing people |
MEASURED BY
- Position on the global cost curve for each operation
- Unit cost increases relative to mining infation
- Efficiencies as measured by volumes and unit cost performance
- Safety and health indicators including: fatalities, lost-time injury frequency rate and eliminating occupational illnesses
- Human capital investment to attract, develop and retain talent; promote diversity, equity and inclusion; and minimise turnover
- Total investment in host communities (including impact of social and labour plans, local economic development and corporate social investment)
- Reducing greenhouse gas (GHG) emissions in support of a sustainable transition to achieve net-zero GHG emissions from mining by 2050
- Water withdrawn and water reused
- Conformance of our tailings storage facilities to global standards
- Adequate provision for environmental rehabilitation.
Operate our | Focus on | Investing in |
portfolio of assets | value-enhancing | our employees |
safely, responsibly | and integrated | |
and efficiently | growth | Partnering with |
Allocate capital to | communities and other |
stakeholders | |
value-creating | |
investments | |
Application of | |
innovative technology |
RESILIENT
HOW
- Ensure effective allocation of financial capital
- Manage a robust financial position that enables us to be opportunistic and resilient
- Integrate ESG criteria in investment decisions to ensure positive and sustainable impact.
WHY | Create and sustain value through prudent |
management of financial capital |
MEASURED BY
- Returns on capital investment including net present value (NPV), internal rate of return (IRR) and payback period
- Benchmarking returns from investment opportunities to returns from share buybacks
- Dividends
- Total shareholder returns
- Net cash/debt position
- Debt funding capacity
- Investing in value-accretive growth opportunities that meet ARM's strategic imperatives.
RESPONSIBLE
Strategic objective
Operate our portfolio of assets safely,
responsibly and efficiently
RESILIENT
Strategic objective
Allocate capital to
value-creating investments
Underpinned by our values
READY
Strategic objective
Focus on value-enhancing
and integrated growth
READY
HOW
• | Drive innovation and capitalise on value-accretive |
opportunities for growth | |
• | Support inclusive business opportunities in communities |
neighbouring our mines | |
• | Focus on local and preferential procurement from |
women/youth-owned businesses | |
• | Drive shift to net-zero GHG emissions from mining |
by 2050 |
WHY | Create and unlock additional value by investing |
in growth and innovation supporting sustainable | |
responses to the changing operating environment |
MEASURED BY
• | Returns including IRRs, NPV, payback periods |
• | Successful commercialisation of more efficient |
smelting technology | |
• | Optimised energy consumption in smelting process |
• | Local and preferential procurement spend and number |
of SMMEs supported | |
• | Impact and sustainability of community investment |
• | Decarbonisation pathways and year-on-year reduction |
ENVIRONMENTAL, SOCIAL AND GOVERNANCE
Aim for operational excellence | Provide a safe and healthy work environment | Maintain a non-discriminatory workplace | Improve the lives of those living in communities neighbouring our operations | Work responsibly to achieve balance between the economic, social and environmental aspects of our business | Maintain the highest standards of corporate governance
10
• | Invest in skills of the future |
• | Continually assess portfolio for disposal opportunities |
or points of exit. |
in GHG emissions |
• Investment in skills training. |
REPORT 2023
11
Our strategy continued
Completed and future growth projects
Completed growth projects
BLACK ROCK AND GLORIA PROJECTS
The Black Rock Project was completed in September 2022 and within the approved budget of R7.4 billion,
with 1.4 million fatality-free shifts and a LTIFR of 0.22.
Key benefits: improved tramming cycle times, lower cost of production and enhanced control
of ore quality.
TWO RIVERS PLANT EXPANSION
Fully commissioned, now ramping up to mill the additional 40 000 tonnes per month capacity, and minimise
impact of grade reduction in ore tonnes milled.
12
Future growth projects
TWO RIVERS MERENSKY PROJECT
The Two Rivers Merensky project is on target for completion in Q2 F2025, with first PGM concentrate
production in Q4 F2024.
Additional 182 000 6E PGM ounces, 1 600 tonnes nickel and 1 300 tonnes copper per annum.
BOKONI PLATINUM MINE
Good progress in advancing the definitive feasibility study (DFS) based on a phased
development approach.
The DFS will now advance to bankable feasibility and then be presented to the board
for approval.
OVERVIEW OUR APPROACH TO ESG AND VALUE CREATION ENVIRONMENT SOCIAL GOVERNANCE SUPPLEMENTARY INFORMATION
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2023
13
Our strategy continued
This report focuses on the following material matters arising from our strategic priorities:
• | Climate change | • | Safety |
• | Energy | • Occupational health and wellness | |
• | Water | • | Human resources management |
• | Atmospheric pollution | • | Communities. |
- Land use management
- Responsible tailings management.
As a responsible mining company, ARM is contributing to the implementation of almost all SDGs in many ways (detailed on our website). However, the above material matters are aligned with the following SDGs:
SDG (Goal) | ARM indicators | ||||
Ensure healthy lives and promote | 1 | Pulmonary tuberculosis (TB) | 4 | Number of fatalities | |
wellbeing for all at all ages | 2 | HIV prevalence | 5 | LTIFR | |
3 | Employees and contractors receiving | ||||
antiretroviral therapy (ART) | |||||
Ensure inclusive and equitable | 1 | Training spend per employee | 5 | Bursaries awarded | |
quality education and promote | 2 | Training days per employee | 6 | Bursars employed by ARM | |
lifelong learning opportunities for | 3 | Training spend as a % of payroll | 7 | Bursaries to children of ARM employees | |
all | 4 | Adult education and training (AET) | 8 | Studies funded for ARM employees | |
Achieve gender equality and | 1 | Workforce breakdown by race | 3 | Female representation in management (%) | |
empower all women and girls | and gender | 4 | Female representation on the board (%) | ||
2 | Female representation in the | ||||
workforce (%) | |||||
Ensure availability and sustainable | 1 | Water recycling and reuse | 4 | Water reuse efficiency (%) | |
management of water and | 2 | Water use efficiency | 5 | Water supplied to neighbouring | |
sanitation for all | 3 | Water stress | communities, farms and other users (m3) | ||
Ensure access to affordable, | 1 | Energy consumption intensity per unit of output per commodity | |||
reliable, sustainable and modern | 2 | Investment in renewable energy and energy optimisation | |||
energy for all | 3 | Energy-related community investment | |||
Promote sustained, inclusive and | 1 | Value-added, net value-added | 4 | Number of employees and contractors | |
sustainable economic growth, full | 2 | Fatality frequency rate (FFR); lost-time | 5 | Procurement of goods and services from | |
and productive employment and | injury frequency rate (LTIFR); total | host communities (R billion) | |||
decent work for all | recordable injury frequency rate (TRIFR) | ||||
3 | Percentage of workforce belonging | ||||
to a trade union | |||||
Build resilient infrastructure, | 1 | Percentage of local procurement | |||
promote inclusive and sustainable | 2 | Percentage of procurement from women | |||
industrialisation and foster | and youth-owned businesses | ||||
innovation | |||||
14
SDG (Goal) | ARM indicators | |||
Ensure sustainable consumption | 1 | Hazardous waste | ||
and production patterns | 2 | Recycled waste | ||
Climate action | 1 | Scope 1 and 2 GHG emissions | ||
2 | Reduction in GHG emissions from | |||
specific initiatives | ||||
Promote peaceful and inclusive | 1 | Number of board meetings and | 5 Value of corruption-related fines paid | |
societies for sustainable | attendance rate | or payable due to settlements | ||
development, provide access to | 2 | Board members by age range | 6 Average number of hours of training | |
justice for all and build effective, | 3 | Number of committee meetings and | in anti-corruption issues per employee | |
accountable and inclusive | attendance rate | per year (as total hours of training in | ||
institutions at all levels | 4 | Total compensation per board member | anti-corruption issues per year divided | |
(executive and non-executive directors) | by total employees) | |||
Strengthen the means of | 1 | Taxes and other payments to the government | ||
implementation and revitalise the | 2 | Community investment - local economic development (LED) and corporate social | ||
Global Partnership for Sustainable | investment (CSI) | |||
Development | ||||
Working on the railway at Black Rock
OVERVIEW OUR APPROACH TO ESG AND VALUE CREATION ENVIRONMENT SOCIAL GOVERNANCE SUPPLEMENTARY INFORMATION
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 2023
15
Where we operate
ARM operations lie in the Northern Cape, Limpopo, Mpumalanga and KwaZulu- Natal provinces in South Africa.
In Malaysia, the Sakura Ferroalloys
MalaysiaSABAH
South China Sea
Sakura
LIMPOPO
Bokoni1 | ||||
Two Rivers | Modikwa | |||
Participative Coal | Machadodorp | |||
Business (PCB) | Nkomati | |||
Goedgevonden (GGV) | ||||
South Africa | Nchwaning and Gloria | MPUMALANGA | ||
Khumani | ||||
Beeshoek |
OVERVIEW OUR APPROACH
ARM Platinum ARM Ferrous ARM Coal
KHUMANI | BEESHOEK | NCHWANING AND GLORIA |
(collectively Black Rock) | ||
1 ARM Platinum acquired Bokoni on 1 September 2022.
IRON ORE
IRON ORE
MANGANESE ORE
MODIKWA | TWO RIVERS | NKOMATI |
◆
●
LoM
EMPL
Open-pit mechanised mine
13.1Mt iron ore
24 years |
3 658 |
◆
●
LoM
EMPL
Open-pit mechanised mine
3.1Mt iron ore
13 years |
1 199 |
◆
●
LoM
EMPL
Underground mechanised mine
4.1Mt manganese ore
>30 years
4 233 |
6E PGM
6E PGM
NICKEL
(By-products including PGM, chrome, copper and cobalt)
LTIFR
0.17 |
LTIFR
0.06 |
LTIFR
0.24 |
- Underground mine
◆
Underground mechanised mine
◆
Open-pit mechanised mine
Scope 1 and 2
emissions
Operational water
withdrawal
CSI and LED spend
313 073tCO2e |
4.0 million m3
R22.7 million
Scope 1 and 2
emissions
Operational water
withdrawal
CSI and LED spend
76 266tCO2e |
4.6 million m3
R14.8 million
Scope 1 and 2
emissions
Operational water
withdrawal
CSI and LED spend
181 033tCO2e |
2.0 million m3
R54.3 million
●
LoM
EMPL
295 000 6E PGM ounces
>30 years*
5 728 |
●
LoM
EMPL
302 000 6E PGM ounces
>30 years*
6 060 |
●
LoM
EMPL
Currently on care and maintenance
Currently on care and maintenance
122
IAR page 68.
IAR page 68.
IAR page 68.
LTIFR
Scope 1 and 2
emissions
0.47 |
324 831tCO2e |
LTIFR
Scope 1 and 2
emissions
0.21 |
293 932tCO2e |
LTIFR
Scope 1 and 2
emissions
0.00
7 437tCO2e |
CATO RIDGE | SAKURA FERROALLOYS | MACHADODORP |
Operational water
withdrawal
CSI and LED spend
4.0 million m3
R6.2 million
Operational water
withdrawal
CSI and LED spend
3.1 million m3
R15.8 million
Operational water
withdrawal
CSI and LED spend
0.2 million m3 |
Rnil
IAR page 58.
IAR page 58.
IAR page 58.
FERROMANGANESE
FERROMANGANESE |
FERROMANGANESE |
BOKONI | GOEDGEVONDEN (GGV) | PARTICIPATIVE COAL |
◆
LoM
EMPL
Smelter
116 000t ferromanganese
635
◆ | Smelter |
LoM | 253 000t ferromanganese |
EMPL | Not reported by ARM |
◆ | Smelter |
Currently being utilised to | |
● | develop energy-efficient |
smelting | |
BUSINESS (PCB) |
ENVIRONMENTAL,
LTIFR
Scope 1 and 2
emissions
Operational water
withdrawal
CSI and LED spend
0.00
596 191tCO2e
0.2 million m3
R1.7 million
LTIFR | Not reported by ARM |
Scope 1 and 2 | |
Not reported by ARM | |
emissions | |
Operational water | |
Not reported by ARM | |
withdrawal | |
CSI and LED spend Not reported by ARM |
LoM | 118 |
EMPL | 240 |
LTIFR | 0.00 |
Scope 1 and 2 | |
11 316tCO2e | |
emissions | |
Operational water | |
PLATINUM
- Combined mineral resources
- Not yet reported
LoM Not yet reported
THERMAL COAL
- Open-pitmechanised mine
● | 6.3Mt saleable thermal |
coal | |
LoM | 24 years |
THERMAL COAL
- Open-pitmechanised mine
- 10.2Mt saleable thermal coal
LoM | 12 years |
SOCIAL AND
IAR page 68.
IAR page 68.
withdrawal | 0.08 million m3 |
CSI and LED spend Rnil |
EMPL 923
LTIFR Not yet reported
EMPL | Not reported by ARM |
LTIFR | Not reported by ARM |
EMPL | Not reported by ARM |
LTIFR | Not reported by ARM |
GOVERNANCE
◆ | Mine/operation type | LTIFR | F2023 lost-time injury frequency rate (LTIFR) |
● | F2023 production volumes (100% basis) | Mt | per 200 000 man-hours |
LoM | Approximate life-of-mine | million tonnes | |
t | tonnes | ||
(* including resources not yet converted to reserves) | |||
oz | ounces | ||
EMPL | Number of employees at 30 June 2023 (full-time employees | ||
PGM | platinum group metals | ||
16 | and contractors) | ||
IAR page 58.
Scope 1 and 2 | Not reported by ARM |
emissions | |
Operational water | |
Not reported by ARM | |
withdrawal | |
CSI and LED spend Not reported by ARM |
IAR page 80.
Scope 1 and 2 | Not reported by ARM |
emissions | |
Operational water | |
Not reported by ARM | |
withdrawal | |
CSI and LED spend Not reported by ARM |
IAR page 80.
REPORT 2023
17
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Disclaimer
ARM - African Rainbow Minerals Ltd. published this content on 26 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2023 15:49:21 UTC.
