Integrated report

Future performance objectives

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

• The management of Assmang’s Khumani Expansion Project, which will result in the mine increasing its capacity from 10 million to 16 million sales tons of iron ore per annum;
• Increasing the capacity of Assmang’s Gloria and Nchwaning manganese mines and processing plants, improving ore handling capabilities and establishing a sinter plant with a view to optimally utilise the manganese resources;
• Negotiating increased capacity allocation for iron and manganese ores railed from the Northern Cape;
• The optimisation of alloy production across the group’s ferromanganese and ferrochrome facilities; and
• The conclusion of the group’s third empowerment transaction, by establishing broad-based empowered trusts (refer Black Economic Empowerment Status report).