The IAR has been prepared on the basis of the group's consolidated financial statements, prepared in accordance with IFRS and relevant facts, issues and risks that are pertinent to the group's operations. The following guidelines were used in compiling the separate elements of the IAR include:

Report element

Mineral Resources and Reserves

Corporate governance and risk management

Black economic empowerment status report

Sustainability

Annual financial statements

Guidelines

South African Code for Reporting Mineral Resources and Mineral Reserves (SAMREC Code), and the Australian Institute of Mining and Metallurgy Joint Ore Reserves Committee Code (JORC Code)

King Code on Corporate Governance, issued in November 2016 (King IV™*)

Mineral and Petroleum Resources Development Act and the Broad-based Socio-economic Empowerment Charter for the South African Mining Industry issued thereunder (the Mining Charter) and Codes of Good Practice, issued by the Department of Trade and Industry (dti)

Various relevant guidelines, as well as those contained in the Global Reporting Initiative (GRI) indicators

International Financial Reporting Standards (IFRS), the SAICA Financial Reporting Guides as issued by the Accounting Practices Committee, Financial Pronouncements as issued by the Financial Reporting Standards Council, South African Companies Act, as amended, and JSE Listings Requirements

Reference

The complete Mineral Resources and Reserves report is located under “Annual reports” under the “Investors & Media” tab

Corporate governance report and throughout

Black economic empowerment status report

Sustainability report, throughout complete sustainability report, located under “Annual reports”, “Investors & Media” tab

The annual financial statements, available on the group’s website (referred to throughout as the annual financial statements)

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