Report scope and boundary

It forms part of a suite reports prepared for stakeholders listed under Engaging with our stakeholders. Other reports include:

• the abridged financial statements and the notice of meeting F2012 (PDF - 675KB);
• the annual integrated report F2012, which addresses the financial and non-financial performance of the company in a holistic way.

These reports are available in printed format on request.

The data which is used to populate this document is collated on a monthly basis and reviewed by management. Data for previous years is provided in certain instances for comparative purposes. Northam’s previous sustainable development was published in October 2011.

Unless otherwise specified, Northam uses the unit of three platinum group metal elements and gold (3PGE+Au) to report its production, reserves and resources.

This report is based primarily on the group’s Zondereinde mine and metallurgical complex. Certain information relating to the new Booysendal mine, which is due to be commissioned in H2 of F2013 is provided. This operation will be more fully incorporated into the group’s sustainability reporting after the start of production, when reporting will become more meaningful.

Northam’s primary listing is on the JSE Limited in South Africa, and the company reports in line with the JSE’s listings requirements, the International Financial Reporting Standards (IFRS), the new South African Companies Act (No 71 of 2008), and SAMREC’s guidance in respect of the reporting of mineral reserves and mineral resources.

Northam’s structure and reporting is also guided by the King Report on Governance for South Africa (King III) and, in line with this, the company has produced it second annual integrated report and reported on the application of these guidelines in the corporate governance section of the this report.

The company’s sustainable development report has been compiled in line with the G3 guidelines of the Global Reporting Initiative (G3.1) and the Broad-based Socio-economic Empowerment Charter for the South African Mining Industry (the Mining Charter). Northam has declared a B+ level of reporting (see Reporting in line with the GRI).

Northam has a significant level of internal and external controls in place. The internal audit function is undertaken by KPMG Services (Propriety) Limited (KPMG) on an outsourced basis, to provide an independent appraisal function with specific responsibility for examining and evaluating the group’s systems of internal control in the mitigations of business risks, and to assist members of management to effectively discharge their duties. The group’s consolidated annual financial statements have been audited by external auditor, Ernst & Young Inc. (E&Y).

Certain non-financial key performance indicators (KPIs) have been assured by independent assurance provider, Environmental Resources Management Limited (ERM) in respect of Northam’s application of the GRI, alignment with AA1000 AcountAbility Principles of Inclusivity, Materiality and Responsiveness and selected KPIs. ERM’s statement of assurance may be found within this report.

For more information on sustainability reporting at Northam, please contact:

Derek Wolstenholme
Tel: +27 11 759 6000
Fax: +27 11 759 6013
Email: Derek.Wolstenholme@norplats.co.za