| |
To the Directors of Impala Platinum Holdings Limited
We have undertaken a limited assurance engagement on selected sustainability information, as presented in the 2010 Impala Platinum Integrated Annual Report (the Report) of Impala Platinum Holdings Limited (Implats) as described in the Scope of Our Engagement paragraph below.
Directors’ responsibility
The Directors are responsible for the:
- Selection, preparation and presentation of the sustainability information;
- The identification of stakeholders, stakeholder requirements and material issues;
- For commitments with respect to sustainability performance; and
- Establishing and maintaining appropriate performance management and internal control systems from which the reported information is derived.
The Directors are also responsible for the selection and application of the following criteria in the evaluation of the selected sustainability information:
- The Global Reporting Initiative (GRI) G3 Guidelines, supported by Implats’ internally developed reporting guidelines which are available on request from Implats, for the selected performance information; and
- The GRI G3 Guidelines for Implats’ self declaration of the B+ application level.
Scope of Our Engagement
The sustainability information selected for the year ended 30 June 2010 is described below:
| 1. |
Selected performance information: |
| |
- Economic performance indicators – HDSA procurement as a percentage of total procurement: SA Operations (pg. 30);
- Social performance indicators – human capital: Number of employees on adult basic education and training (ABET): SA operations (pg. 107), number of employees who are classified as historically disadvantaged South Africans (HDSA) and who are employed at management levels: SA Operations (pg. 108), total number of women in mining: SA Operations (pg. 109)
- Social performance indicators – safety and health: Contractor and employee fatalities (pg. 50), contractor and employee lost time incident frequency rate (LTIFR) (pg. 50), new cases of noise induced hearing loss compensated (pg. 55), new cases of pulmonary tuberculosis diagnosed and treated (pg. 54)
- Social performance indicators – HIV & AIDS: Total number of participants on VCT (pg. 56), total number of employees on ART programme (pg. 57)
- Social performance indicators – socio-economic development: Socio-economic development (SED) spend: SA Operations (pg. 114)
- Environmental performance indicators: Total water withdrawn (pg. 122), total water consumption (pg. 121), total energy consumed (pg. 124), total direct CO2 emissions (pg. 124), total indirect CO2 emissions (pg. 124), direct SO2 emitted (for Rustenburg and Springs sites only) (pg. 125), total nitrogen oxide emitted (pg. 125)
|
2. Implats’ self-declaration of a GRI B+ application level (pg. 147)
Independence, Expertise and Limitation of Liability
We have complied with the International Federation of Accountants’ Code of Ethics for Professional Accountants, which includes comprehensive independence and other requirements founded on fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour.
Our engagement was conducted by a multidisciplinary team of health, safety, social, environmental and assurance specialists with extensive experience in sustainability reporting.
Our work has been undertaken to enable us to express conclusions contained in this Report solely to the Directors of Implats in accordance with the terms of our engagement, and for no other purposes. We do not accept or assume liability to any party other than the directors, for our work, for this report, or for the conclusions we have reached.
Our Responsibility
Our responsibility is to express conclusions on the selected sustainability information based on our work performed. We conducted our engagement in accordance with International Standard on Assurance Information (ISAE) 3000, Assurance Engagements other than the Audits or Reviews of Historical Financial Information, issued by the International Auditing and Assurance Standards Board. That standard requires that we plan and performed our engagement to obtain limited assurance about whether the selected information is free from material misstatement.
Summary of Work Performed
Our evidence-gathering procedures are more limited than where reasonable assurance is expressed and included:
- Interviewing management and senior executives at Group level to evaluate the application of the GRI G3 principles and to obtain an understanding of the internal control environment relative to the reported sustainability information.
- Inspecting documentation at Group level to corroborate the statements of management and senior executives in our interviews.
- Understanding the risk assessment process and the information system which includes the related sustainability reporting processes.
- Testing the processes and systems at Group level and site level which generate collate, aggregate, monitor and report the selected sustainability information.
- Visiting a risk based selection of four operation sites, including Rustenburg (mining, concentrating and smelting), Springs (refineries), Marula (mining and concentrating) and Mimosa (mining and concentrating).
- Conducting an application level check on the report to ensure all disclosure requirements of the GRI B+ application level have been adhered to.
- Evaluating whether the information presented in the report is consistent with our findings, overall knowledge and experience of sustainability management and performance at Implats.
Conclusions
| 1. |
On the selected performance information
Based on the work performed, nothing has come to our attention that causes us to believe that the selected performance information for the year ended 30 June 2010, as described in the scope of our engagement paragraph above, is not fairly stated in all material respects in accordance with the GRI G3 Guidelines supported by Implats’ internally developed reporting guidelines.
|
| 2. |
On Implats’ self-declaration of GRI G3 B+ application level
Based on the work described above, nothing has come to our attention that causes us to believe that Implats’ self-declaration of a B+ application level, is not fairly stated in all material respects in accordance with the GRI G3 Guidelines. |
KPMG Services (Pty) Limited
Per PD Naidoo
Director
Johannesburg
26 August 2010
|
