Our five capitals
- Sustained operational recovery at Zondereinde.
- Sales revenues 20% higher year on year at
(F2012: R3.7 billion).
- Increases in operating and cash unit costs contained.
- Operating margin improves to 13.7% (F2012: 9.2%).
- 62.6% increase in earnings per share to 132.0 cents per share (F2012: 81.2 cents per share).
- Successful commissioning of the Booysendal concentrator plant.
- Booysendal South sale agreement lapses.
Northam is nothing without its people. The company is dependent on a healthy, skilled, trained and committed workforce, capable of completing tasks safely and productively. Efforts to develop and empower employees are on-going, and form part of a drive to continuously improve the quality of life of those who sustain the company’s business. More on human capital
Northam understands that it does not operate in isolation from the communities and environments in which its mines are located. As a result, the company plays a responsible and co-operative role in these areas, providing meaningful and relevant contributions to their social and economic upliftment, wherever possible. More on social capital
Northam acknowledges that, as a PGM development, mining and processing company, its activities inevitably have an impact on the environment in which its operations are found. Conserving and optimising the use of resources including land, water, energy and fuel, are among Northam’s highest priorities and most significant challenges. More on natural capital
PGMs are used in a wide range of applications which contribute to human health and wellbeing. They also provide various environmental health benefits. Northam’s strategic intent in terms of refining, distributing and selling its product is to maintain its positioning in the global marketplace as a reliable independent and competitive supplier of high-quality refined PGMs. More on manufactured capital
CHIEF EXECUTIVE OFFICER’S REVIEW
As a responsible corporate citizen, we are deeply conscious at Northam of compliance with legislation, regulations, reporting standards and norms, and we keep abreast of changes in the thinking around reporting. I alluded last year to the growing number of “sustainable” and “responsible” indices and guidelines we need to consider in our reporting and my concern about reporting for reporting’s sake.GT Lewis Read review
A map of stakeholders and material issues
Northam ensures that the principles of openness, integrity and accountability are adopted at every level of engagement with identified stakeholders. The company defines its stakeholders as those individuals, groups and entities directly affected, both positively and negatively, by its activities. Northam believes that its ability to conduct its dayto- day business is influenced by its capacity to develop and maintain longstanding relationships with its stakeholders.See the map