Integrated Annual Report 2012
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Integrated report
Profile
Scope and boundary
Organisational overview and activities
- Business model
- Assurance
- History of the group
- Group at a glance
- Location of markets
- Location of operations
- Group structure of operating companies
- Governance structure
Risks and opportunities
- Operating context
Strategic objectives
- Strategy
- Key performance indicators
Operational review and commentary
Future performance objectives
Remuneration
Financial highlights
Strategic objectives
Key performance indicators
Key performance indicator |
Measurement |
Recorded net profit for the year |
Financial highlights and Chairman’s review |
Tonnages sold (per segment) and regional concentration of customers |
Operational review and commentary |
Sustainable exploitation of mineral deposits |
Risks and opportunities and Mineral Resources and Reserves |
Compliance with the requirements of the Mining Charter, specifically those pertaining to black economic empowerment (BEE) |
Refer “Black economic empowerment status report” |
Ongoing improvement in the group’s safety record |
Sustainability report |
In order to achieve the KPIs, management’s understanding of the characteristics of the orebodies, the logistical arrangements across the range of the group’s commodities, and the configuration of the works in combination with customer requirements, both local and offshore, are all essential requirements to ensure consistently excellent results. It is essential, therefore, that sufficiently experienced staff manage these issues as efficiently as possible in order to maximise value for all of the group’s stakeholders. In consequence, appropriate remuneration policies and targeted incentivisation aligned with the group’s long-term strategies and needs to be continually reviewed.