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Glossary of terms and acronyms

ABET

Adult Basic Education and Training, aimed at improving literacy levels and providing learners with nationally recognised qualifications.

ADRs

American Depositary Receipts, representing ownership of shares of a foreign company trading in the USA financial markets.

AIDS

Acquired Immune Deficiency Syndrome, a disease of the immune system caused by HIV infection. HIV & AIDS pose serious challenges for the government and the industry, as South Africa is one the countries worst affected by the pandemic.

ARD

Acid rock drainage referring to the outflow of acidic water formed as a result of mining activity and the egress of water following contact with certain types of orebodies and host rock.

AuTEK

A collaborative research project between Mintek (a South African researcher in the metallurgical field) and the South African gold mining industry.

BEE

Black Economic Empowerment a socio-economic process that contributes to the economic transformation of the country and increases the number of HDSAs (historically disadvantaged South Africans) participating in the economy.

CBOs

Community-based organisations.

CD4

Indication of the strength of a body’s immune system.

CDP

Carbon Disclosure Project is an independent not-for-profit organisation which acts as an intermediary between shareholders and corporations on all climate change related issues, providing primary climate change data from the world’s largest corporations, to the global market place.

CO₂ emissions

Total CO₂ emissions are calculated from direct emissions generated from petrol and diesel consumption and indirect emissions generated from electricity consumption and expressed in tonnes.

CSR

Corporate social responsibility

Cyanide Code

International Cyanide Management Code for the Manufacture, Transport and use of Cyanide in the production of Gold. The aim of the code is to promote responsible management of cyanide used in gold mining; to enhance the protection of human health and to reduce the potential for environmental impacts.

Cyanide usage

Cyanide used for gold extraction calculated at 100% concentration.

DMR

Department of Mineral Resources, (formerly DME), South Africa

DSM

Demand-side management

DTI

Department of Trade and Industry, South Africa

EMP

Environmental management plan

Energy

Energy use calculated from electricity purchased and diesel and petrol consumed during the consumption reporting period.

FIFR

Fatal injury frequency rate, the number of fatal injuries per million man hours worked.

Fresh water usage

Total new or make-up water entering the operation and used for the operation’s primary activities which include those activities in which the operation engages to produce their product and includes dust suppression within the operational area.

GHG

Greenhouse gas

GRI

Global Reporting Initiative is a multi-stakeholder governed institution collaborating to provide the global standards in sustainability reporting. These standards set out the principles and indicators that organisations can use to measure and report their economic, environmental, and social performance.

HAART

Highly active anti-retroviral therapy

HDSAs

Historically disadvantaged South Africans, all persons and groups who have been previously discriminated against on the basis of race, gender and disability. Defined by the MPRDA.

HIV

Human Immunodeficiency Virus which causes AIDS by infecting the helper T cells of the immune system. The HI virus is transmitted through blood or bodily secretions.

HPDs

Hearing protection devices

IDP

Integrated development plans provided for by the Local Government Municipal Systems Act. (No. 32 of 2000).

IDRs

International Depositary Receipts, a certificate representing ownership of stock securities by an investor outside the country of origin.

ILO

International Labour Organization

ISO 14001

Published in 1996 by the International Organisation for Environmental Standardisation, it specifies the actual requirements for an environmental management system (EMS).

JSE

JSE Limited

King II

King II is the abbreviated name for the King Report on Corporate Governance for South Africa published 2002 in South Africa.

KPIs

Key performance indicators

LED

Local economic development

LRA

Labour Relations Act 66 of 1995, South Africa

LTIFR

Lost time injury frequency rate, per million hours. Refers to work- related injuries which result in the employee being unable to attend work on the day following the day of the injury.

MBOD

Medical Bureau for Occupational Diseases

Mining Charter

The Broad-Based Social-Economic Empowerment Charter for the South African Mining Industry. The goal of the charter is to bring about an industry that reflects the promise of a non-racial South Africa.

MHSA

Mine Health and Safety Act 29 of 1996

MMJV

Morobe Mining Joint Venture

MPRDA

Minerals and Petroleum Resources Development Act 28 0f 2002.

MQA

Mining Qualifications Authority, a Sector Education Training Authority for the Mining and Minerals Sector. Its mission is to facilitate and promote human resources development in the sector.

NGOs

Non-governmental organisations

NIHL

Noise induced hearing loss reported as the number of new cases identified and submitted for compensation during the reporting period.

NPA

National Prosecuting Authorities, South Africa

NUM

National Union of Mineworkers, the largest collective bargaining agent representing workers in the mining, energy and construction industries in South Africa.

OLD

Occupational lung disease

PNG

Papua New Guinea

PwC

PricewaterhouseCoopers, independent auditors.

RMA

Rand Mutual Assurance company

RIFR

Reportable injury frequency rate, per million hours worked.

SAPS

South African Police Services

SEC

Securities and Exchange Commission, USA

SETA

Mining Sector Education Training Authority, South Africa

Significant incidents

Incidents that have an impact outside the company boundaries, which may cause irreparable harm, or require significant expenditure to remediate.

Silicosis

Silicosis reported as the number of new cases diagnosed and compensated amongst employees during the reporting period.

SLPs

Social and labour plans aimed at promoting employment and advancement of the social and economic welfare of all South Africans whilst ensuring economic growth and socio-economic development. Stipulated in the MPRDA.

SOx

Sarbanes - Oxley act designed to improve quality and transparency in financial reporting and independent audits and accounting services for public companies, to create a Public Company Accounting Oversight Board, to enhance the standard-setting process for accounting practices, to strengthen the independence of firms that audit public companies, to increase corporate responsibility and the usefulness of corporate financial disclosure, to protect the objectivity and independence of securities analysts, to improve Securities and Exchange Commission resources and oversight and for other purposes.

SRI Index

Socially responsible investment index of the JSE

STIs

Sexually transmitted infections

TB

Pulmonary tuberculosis reported as the number of new cases of cardio-pulmonary and non cardio-pulmonary tuberculosis diagnosed during the reporting period.

Teba

The Employment Bureau of Africa – an NGO aimed at socio-economic development in Southern Africa

Uasa

United Association of South Africa

VCT

Voluntary counselling and testing, a programme aimed at encouraging voluntary HIV testing in order for individuals to know their status.

WHO

World Health Organization