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We remain dedicated to leaving behind a positive legacy to our host communities

Communities

Our Social Partners

We recognise that our mining operations are located in areas where sustainable social and economic development is most needed. Our goal is to go beyond compliance with legal requirements as we strive for excellence and best practice in development.

Ensuring mutually beneficial relationships with our host communities is central to Kumba’s responsibility to society. We believe that we share the benefits from our business fairly with our stakeholders, balancing what is needed with what is possible.

Our five pillars of community engagement and development comprise

  • Building local businesses – contributing to enterprise development at local levels to help local economies thrive
  • Encouraging education – creating and growing educational projects from early childhood development to tertiary level by ensuring young people are taught by competent, qualified teachers in suitable facilities
  • Developing skills – offering portable and technical skills development programmes to young people and those leaving our employ
  • Keeping communities healthy – ensuring our communities, our employees and their dependants have access to well-run and equipped health and welfare facilities
  • Investing in infrastructure – helping to build and maintain the infrastructure that makes our communities healthy and welcoming places

Becoming part of the community

Our social licence to operate depends on our harmonious co-existence with the communities in which we operate. This hinges on regular engagement with our stakeholders, fostering relations and forming partnerships. Based on our vision of becoming a developmental partner of choice to these communities, we also seek to understand their traditional rights and cultural heritages.

We aim for candid and transparent interactions and to create a positive legacy that will last well beyond the life of our mines. Another objective is to minimise and mitigate any adverse impacts our activities may have on the communities. The effective management of social issues is a necessary element of good overall operational management, and a source of competitive advantage.

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Value distributed 2016

4.6 Billion

Total earned by employees

ZERO

Total shared with shareholders

R67 Million

Total community investment

R3.4 Billion

Total paid to government

R3.7 Billion

Total repaid to banks

Sharing values with all the stakeholders

Each year we need to generate enough revenue to meet the legitimate needs of stakeholders. While we’re doing this we also need to think about the future, and how to ensure we remain a viable business for years to come. To do this we need to mine efficiently, keep our costs low and invest a portion of capital generated into projects that will sustain us well into the future.

We also want to use our success to help build other healthy businesses that can contribute to the South African economy. As a result more than 60% of our procurement is with BEE-suppliers and much of this is with local companies in the communities around our operations.

Real Mining. Real People. Real Difference.
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Kumba Iron Ore