Strategy and risk Strategic objectives

Strategy

The strategy of the Assore group is to anticipate and react to changes in the markets in which it operates, to align and manage existing and available minerals and production with international market expectations, and to do so on a sustainable basis. The group seeks to optimise logistical capacities, both local and globally, in a manner that is consistent with production by group operations. Key performance indicators (KPIs) for the group include the following elements, as more fully set out and measured here:

 

In order to achieve the KPIs, the following requirements are essential to optimise the group’s performance and results:

 

Fundamental understanding of the markets in which the group operates and their evolution.   Management’s understanding and management of the characteristics of the orebodies.             The logistical arrangements across the range of the group’s commodities.   The configuration of the works in combination with customer requirements, taking technological developments and practical limitations into account.

Optimise prices and tonnages sold per segment and regional concentration of customers measured in "Operational review and commentary"   Sustainable exploitation of mineral deposits measured in “Mineral Resources and Reserves report”, located on the group’s website under “Annual reports” in the “Investor centre”   Compliance with the requirements of the Mining Charter#, specifically those relating to black economic empowerment (BEE) measured in "Black economic empowerment status report"   Ongoing improvement in the group’s safety record measured in “Sustainability report”, located on the group’s website under “Annual reports” in the “Investor centre”   Expansion and replacement projects completed on time, to specification and within budget measured in "Operational review and commentary"