Resources we rely on
Financial capital
Long-term
sustainable value is
created by reinvesting
in the
business, funding
growth opportunities
and rewarding
shareholders
Human capital
Human capital is a
key element in
creating value
for shareholders. It is
important to attract
and retain ethical,
skilled and
experienced talent
while ensuring
a non-discriminatory
and safe working
environment
Manufactured
capital
Managing the
manufactured capital
effiiciently ensures
effective mining
processes in a
cost-effective manner
Intellectual capital
Investment in
technology and
intellectual capital
ensures that the
group remains
abreast of
development in the
industry, ensuring a
competitive cost
position
Social and
relationship capital
Shared values with
key stakeholders
ensure that the
Assore brand is
synonymous with
long-term
conservative growth,
ethical conduct and
value creation for
communities,
employees,
government
and regulators
Natural capital
Protecting the group’s
natural capital
ensures
long-term value for
stakeholders
Inputs
Value creation
| 2018 | 2017 | |||||||
|---|---|---|---|---|---|---|---|---|
 Financial capital |
||||||||
| – Net cash balance (Assore group) (Rbn) | 7,9 | 5,0 | ||||||
| – Dividends paid (Assore group) (Rbn) | 1,9 | 1,1 | ||||||
 Human capital |
||||||||
| – Number of employees and contractors (Assore group) | 2 631 | 2 521 | ||||||
| – Number of employees and contractors (Assmang operations – excluding Sakura) | 11 821 | 11 918 | ||||||
| – Fatalities (Assore operations) | – | – | ||||||
| – Fatalities (Assmang operations) | 1 | – | ||||||
| – LTIFR (Assore operations) | 0,27 | 0,25 | ||||||
| – LTIFR (Assmang operations) | 0,13 | 0,17 | ||||||
 Manufactured capital |
||||||||
| – Capital expenditure (Assore group) (Rm) | 389 | 153 | ||||||
| – Capital expenditure (Assmang) (Rm) | 3 082 | 2 817 | ||||||
 Social and relationship capital |
||||||||
| – Funding of community economic development projects (Assore operations) (Rm) | 31,5 | 27,6 | ||||||
| – Funding of community economic development projects (Assmang operations) (Rm) | 101,2 | 69,5 | ||||||
| – Portion of payroll spent on training (Assore operations) (%)* | 10,9 | 4,5 | ||||||
| – Portion of payroll spent on training (Assmang operations) (%)* | 13,9 | 7,5 | ||||||
 Natural capital |
||||||||
| – Greenhouse gas (GHG) emissions | To be reported in 2019 | |||||||
| – Balancing the availability and consumption of water | ||||||||
| – Land stewardship | ||||||||
Assmang figures are reflected at 100%.
Assore operations consist of Dwarsrivier, Wonderstone, Rustenburg Minerals and Zeerust.
| * | This percentage is calculated, in accordance with the definition contained in the Mining Charter, on all training-related expenditure, including training relating to community projects and is based on payroll costs relating to historically disadvantaged South African (HDSA) employees. |
