Future performance objectives

Taking into account management’s assessment of the risks and opportunities identified under “Risks and opportunities”, the specific key performance indicators (KPIs) for the short and medium term include:

  • the continuation of ramp-up to full production of the Wet High Intensity Magnetic Separation (WHIMS) plant at Khumani Iron Ore Mine to increase recovery of high-grade fines material;
  • maintaining steady-state production performance from Khumani Iron Ore Mine, by optimising the off-grade washing plant, to ensure realisation of planned life of mine;
  • finalisation of the preparatory work to commence mining of the Village Pit at Beeshoek Iron Ore Mine. The resource in the Village Pit will increase the life of the mine significantly;
  • execution of the sustainability and expansion project at Black Rock Manganese Mines to increase and sustain production from the various shafts at higher volumes, achieving sustainable production of 4 million tonnes per annum of manganese ore in the long term. This project involves work on the underground infrastructure, surface plant, load-out facilities and housing;
  • continuing to develop the group’s market for the material produced from the upper seam at Nchwaning Manganese Mine;
  • progressing the construction of the Sakura ferromanganese smelting facility in Sarawak Province of Malaysia to meet the full production date of July 2016 (refer “Operational review and commentary”);
  • the continued optimisation of alloy production at the group’s ferromanganese facilities in order to mitigate increases in the prices of electricity, which are expected to exceed inflation rates;
  • enhancement of the group’s position in South Africa’s chrome ore market and to ensure a smooth transition of all of Dwarsrivier’s operations into the group (refer “Operational review and commentary”);
  • the expediting of the installation of mechanised roof bolters at Dwarsrivier Chrome Ore Mine to further reduce employee exposure to risks and enhance underground safety; and
  • securing early-stage opportunities in the group’s core commodities and related products, specifically with respect to prospecting activities under way in Gabon (IronRidge) (refer “Chairman’s statement”).