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••ANGLO SD REPORT 2010.Indb 2010 ANGLO PLATINUM LIMITED SUSTAINABLE DEVELOPMENT REPORT PLATINUM, A PRECIOUS METAL FOR A PRECIOUS PLANET KEY FEATURES • Continued strong improvement in safety performance with LTIFR down to 1.17 from 1.37; tragically eight employees lost their lives during the year • Mining rights granted by the DMR on 21 July 2010 • 47,197 employees received VCT (97%) • No level 2 or 3 environmental incidents • A multi-billion-rand economic empowerment transaction designed to promote long-term sustainable development in host communities and key labour sending areas to be announced Bushveld Complex Operation (100% owned) Operation (JV) BOIKANTSHO PROJECT Polokwane POLOKWANE SMELTER Process (100% owned) MOGALAKWENA MINE Project (100% owned) Mokopane BOKONI PLATINUM MINE Project (JV) Provincial boundaries GA-PHASHA PROJECT TWICKENHAM PLATINUM MINE TUMELA MINE Bela Bela DISHABA MINE MORTIMER SMELTER MODIKWA PLATINUM MINE LIMPOPO UNION MINE N MAGAZYNSKRAAL PROJECT MOTOTOLO PLATINUM MINE DER BROCHEN PROJECT NORTH WEST ZANDSPRUIT AGREEMENT WESIZWE THEMBELANI MINE PROJECTS SHEBA’S RIDGE PROJECT KHOMANANI MINE PRECIOUS METALS REFINERS, RUSTENBURG, BASE METALS REFINERS AND WATERVAL SMELTER MPUMALANGA SIPHUMELELE MINE BRPM GAUTENG Unki Mine PANDORA PROJECT Pretoria KHUSELEKA MINE Brits Cape Town Rustenburg Pretoria BATHOPELE MINE Kilometres MARIKANA MINE KROONDAL MINE Emalahleni FIRST PROOF • 15 DECEMBER 2010 CONTENTS CEO’s message 2 Our approach to reporting 9 SD and our business 19 Profile of operations and products 20 Management of sustainable development 20 Disclosure on overall management approach 22 Our relationship with Anglo American plc 22 Integrating into strategy 27 Our approach to stakeholder engagement 27 Awards Material sustainability issues 29 Financial sustainability 31 Safety and health performance 42 Regulatory and minerals legislation compliance 47 Community impacts and benefits 56 Access and allocation of resources Our economic contribution 73 Our economic contribution 74 Direct value creation 76 Indirect value creation – procurement, HDSA procurement and supply 76 Supply chain responsibility Our employees and their rights 83 Healthy people 89 People development 94 Respecting people’s rights 99 Housing Community development and human rights 101 Community development: issues, spend and interventions Our environmental footprint 107 Environmental aspects and impacts 107 Environmental management systems 118 Compliance Stewardship of our products 123 Market development and beneficiation 124 Products and REACH Governance and key information 127 Principles of corporate governance and structures 134 Our stakeholders 142 Human capital indicators 145 Economic indicators 146 Social indicators 148 Environmental indicators 150 GRI indicators 157 Glossary of terms FRONT COVER: Image of water droplets on a leaf reflecting key components of sustainable development. ANGLO PLATINUM LIMITED 2010 1 AN INTERVIEW WITH ANGLO PLATINUM LIMITED’S CEO, NEVILLE NICOLAU DELIVERING ON OUR PROMISES 2010 was a year where we started to really see the benefits of the organisational change process we embarked upon some two years ago. There is still much to be done but I am confident we are on the right track to deliver. Against an improving economic backdrop, what to restrain inflation, allowing the South African Reserve Bank to would you say were the key highlights this year? cut interest rates. However, as the year progressed, there were Our performance in a number of areas has been pleasing. We growing concerns about the rand’s continuing strength amid optimised our production output; continued to manage our costs broader worries about currency appreciation in many commodity- better; made good progress on the safety front, moving closer to our producing countries. goal of achieving ‘zero harm’; and improved our marketing efforts. Together, these successes have contributed to Anglo Platinum’s Clearly we benefited from the higher commodity prices and the operational objective of delivering safe, profitable platinum. I am also Group’s financial position and performance improved significantly in pleased that our mining rights were granted by the Department of 2010. Net revenue increased strongly as the result of stronger US Mineral Resources in July. dollar metal prices attained despite a stronger rand/US dollar exchange rate. Headline earnings per ordinary share increased by 570% to 1,935 cents; and the Company successfully managed to There has been some recovery in the global contain the cash operating cost per equivalent refined platinum economy, but this is still somewhat unstable. How ounce to a year-on-year nominal increase of just over 4%. This was has the Company responded to this change? a significant achievement in the light of inflationary pressure on the The world economy continued to recover throughout 2010. While industry. growth in the major advanced economies remained subdued, the strengthening recovery in large emerging economies such as Based on this strong turnaround, the Board has decided that it would China and India helped to lift commodity prices. The South African be appropriate to recommence the payment of dividends and has economy profited from robust global demand for commodities, and declared a final ordinary dividend of 683 cents per ordinary share, from improving domestic fundamentals. The stronger rand helped amounting to R1.8 billion in respect of the 2010 financial year. 2 ANGLO PLATINUM LIMITED 2010 “Even though I believe that CEO, Neville Nicolau we are on the right path and feel encouraged by the improvements we have The Company’s improved lost-time injury-frequency rate and the reduction in fatalities last year amounted to a significant step made, true success to me forward in safety. Would you agree that this means that we have means ‘zero harm’.” reached ‘safety success’ at last? Our LTIFR improved by 15% year on year, to 1.17, and indeed this is our best rate ever. I am certainly encouraged to see what we have achieved in many parts of the business; during the year, we had entire mines moving to beyond 3.5 million shifts without a fatality. At the same time, the number of injury-free operations at Anglo Platinum continued to grow. However, we lost eight of our colleagues in mining-related incidents in the course of 2010, and it is with deep regret that we mourn their deaths. One cannot begin to quantify the impact of these losses on families, friends and colleagues. It is imperative to recognise that fatalities entail the loss of cherished and valuable people – not merely the tracking of statistics. But to answer your question: even though I believe that we are on the right path and feel encouraged by the improvements we have made, true success to me means ‘zero harm’. This continues to be our ultimate goal and I will declare success only when we have achieved that. Our positive trend has ensured that we are on track to meet the 2013 milestones set by the tripartite summit for the South African mining industry in 2002. We have again committed to significant investment in the area of safety, and will continue to focus tirelessly on our journey to achieve zero harm in our Company. ANGLO PLATINUM LIMITED 2010 3 AN INTERVIEW WITH ANGLO PLATINUM LIMITED’S CEO, NEVILLE NICOLAU You have repeatedly stated that the entrenchment of the Anglo Platinum Limited values are key to the Company’s new culture. What was done in 2010 to strengthen and facilitate this process? We did a lot of work this year on driving change in the culture of the organisation. Even though we believe that we have made good progress, we know that we are not there yet. This became evident from a number of real issues that were raised and uncovered through self-audits, pointing to problems that we must still address. Much work lies ahead, but I am confident that we are on the right track. Our people and their development are core components of our strategy. We exist because of all the individual contributions that our people make. We have therefore placed emphasis on training programmes and personal change workshops, to make sure that we have better- qualified people and that we instil a culture that safety is paramount in every action and decision taken. The mining industry is infamous for using noisy equipment that leads to noise-induced hearing loss. In light of your goal of zero harm, what are you doing to reduce this common condition? Our most prominent occupational disease is indeed noise-induced hearing loss (NIHL). A campaign to reduce our use of equipment emitting more than 110 dB(A) was launched a few years ago, and we have reduced the number of such pieces of equipment from over 2,000 in 2007 to under 50 in 2010. This has been achieved by replacing or silencing equipment. Sadly, we diagnosed NIHL in 19 employees this year compared to 42 in 2009, a 55% improvement. By investing in addressing noise at source, we are placing ourselves on good ground to prevent people losing their hearing in years to come. HIV/AIDS is a pressing issue, not only for Anglo Platinum Limited but for the whole country. What is the Company doing to limit the impact of the disease? I am pleased with our HIV/AIDS voluntary counselling and testing (VCT) programme. In 2010 we encouraged and aided the majority of our employees (97%) to check their HIV status and we continue to provide leadership in best practice, by ensuring that our workforce has access to the right HIV testing facilities and to the required medical assistance. Smaller in number, but significant nevertheless, are the 29,000 family members and contractors who have also been able to utilise our VCT facilities. In total we are treating 2,952 people for ART through our extensive wellness programmes. Although HIV/AIDS on its own remains a significant challenge for Anglo Platinum, when compounded with TB it becomes an even bigger challenge to manage. Last year alone we lost 77 people to TB, of whom 74 were HIV positive.
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