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Sustainable Development 2011

Sustainable development report 2012

This sustainable development report addresses Northam’s performance in the areas of economic performance, governance, safety, heath, employment, community development, the environment and stakeholder engagement for the period 1 July 2011 to 30 June 2012. Continue reading

Performance 2012

Economic performance

Economic performance

  • Taxes paid to national, provincial and local government of R322.6 million
    (F2011: R343 million)
  • Township and land development amounted to R11.5 million (F2011: R8.8 million)
  • Dividends of R57.3 million paid to shareholders (F2011: R90 million)
MORE DETAIL
Safety, health and employee well-being

Safety, health and employee well-being

  • One million fatality free shifts achieved at Zondereinde in December 2011
  • 28 shifts lost as a result of section 54 stoppages
  • 1 659 VCT encounters
MORE DETAIL
Employment and human rights

Employment and human rights

  • Two-year wage agreement effective 1 July 2011
  • R10.8 million contributed to the Toro Employee Empowerment Trust
  • R15.4 million spent on training and development
MORE DETAIL
Northam in the community

Community development

  • R2.8 million spent on community upliftment and development
  • Revision of Zondereinde’s SLP
  • Land invasion at Booysendal
MORE DETAIL
Environmental performance

Environmental performance

  • Zondereinde granted water use licence
  • Continued roll-out of ISO14001 to surface infrastructure
  • ISO14001 principles incorporated in Booysendal EMP
MORE DETAIL
 

Chief executive’s review

This is Northam’s fourth consecutive sustainable development report in which we record the progress our company has made in the past year with respect to managing the performance of our business.

Stakeholder engagement

Northam ensures that the principles of openness, integrity and accountability are adopted at every level of engagement with identified stakeholders and endeavours to report timeous, relevant and meaningful information to all stakeholders.

Governance

Northam is committed to upholding and implementing principles of good corporate governance at all levels of the company. The board of directors ensures that all deliberations, decisions and actions of the company’s business and operational structures are based on good corporate governance and fundamentally sound values.

Reporting in line with GRI

Northam has self-declared a B+ level of reporting and has engaged external auditors ERM to assure certain key parameters and the group’s compliance with its stated application level.

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