Independent assurance report on selected sustainability information

 


To the directors of Impala Platinum Holdings Limited

We have undertaken a limited assurance engagement on selected sustainability information, as described below, and presented in the Sustainable Development Report of Impala Platinum Holdings Limited (Implats) for the year ended 30 June 2011 (the report).

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, environmental and assurance specialists with extensive experience in sustainability reporting.

Selected sustainability information

We are required to provide limited assurance on the following selected sustainability information:

1. Selected performance information:

Social and labour indicators (only applicable to the South African based Implats’ operations)

  Description   Assured value   link  
  Number of new enrolments (employees) on adult basic education and training (ABET)  842 employees   link, link  
  Number of employees who are classified as historically disadvantaged South Africans (HDSA) and who are employed at management levels (excluding non-executive directors)  385 employees   link  
  Number of women employees in mining   2 740 employees   link  
  Total socio-economic development (SED) expenditure   R130 million   link  
  HDSA procurement (>25%) as a percentage of total discretionary procurement   55%   link (table 1) 

Health and safety indicators

  Description   Assured value   Page   
  Contractor and employee fatalities   Seven fatalities   link  
  Contractor and employee lost-time incident frequency rate (LTIFR)  4.94 pmhr   link, link  
  New cases of noise induced hearing loss (NIHL)  57 cases   link, link  
  New cases of pulmonary tuberculosis diagnosed and treated   350 cases   link, link  
  Number of patients on the HIV wellness programme – employee VCT uptake (tested cases) and employees on ART – net enrolment   14 072 VCT
tested cases
2 773 employees
on ART  
link, link  

Environmental indicators

Description   Assured value   Page   
Total energy consumed   18 222 (000 GJ)  link, link  
Total water withdrawn 27 045  
(000 kilo litres) 
link, link  
Total water consumed   41868 000  
kilo litres) 
link, link  
Total direct carbon dioxide (CO2) emissions   435 605 tonnes   link, link  
Total indirect carbon dioxide (CO2) emissions   3586 623 tonnes   link, link  
Total direct sulphur dioxide (SO2) emissions (only Zimplats, Springs and Rustenburg Operations)  18 881 tonnes   link, link  
Total indirect nitrogen oxide (NOx) emissions   15 307 tonnes   link  

2. Implats’ self-declaration of a Global Reporting Initiative (Gri) B+ Application Level (Pg 2)

Directors’ responsibilities
The directors are responsible for the selection, preparation and presentation of the sustainability information, the identification of stakeholders and stakeholder requirements, 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, and for such internal control as the directors determine is necessary to enable the preparation of the report that is free from material misstatement, whether due to fraud or error.

The directors are also responsible for the selection and application of the following reporting criteria used in the evaluation of the selected sustainability information:
  • The GRI G3 Guidelines applied to the selected performance information
  • The GRI G3 Guidelines for the B+ application level.

Our responsibility
Our responsibility is to express a limited assurance conclusion on the selected sustainability information based on our work performed. We conducted our engagement in accordance with International Standard on Assurance Engagements (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 perform our engagement to obtain limited assurance about whether the selected sustainability information is free from material misstatement.

Our procedures and the extent of our procedures depend on our judgement including the risks of material misstatement of the selected sustainability information. In making our risk assessments, we considered internal control relevant to Implats’ preparation of the report. In a limited assurance engagement, the evidence gathering procedures are less than where reasonable assurance is expressed. We believe the evidence we have obtained is sufficient and appropriate to provide a basis for our limited assurance conclusions.

Summary of work performed
Our work included the following evidence gathering procedures:
  • Interviewing management and senior executives at Group level to assess the application of the GRI G3 principles and to obtain an understanding of the general control environment relative to the reported sustainability information
  • Obtaining an understanding of the processes and systems which generate, aggregate and monitor the selected sustainability information;
  • Inspecting supporting documentation and performing analytical procedures;
  • Visiting a risk based selection of four operation sites, including Rustenburg (mining, concentrating and smelting), Springs (refineries), Marula (mining and concentrating) and Zimplats (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 our work performed, nothing has come to our attention that causes us to believe that the selected sustainability information set out in 1 above for the year ended 30 June 2011 is not fairly stated, in all material respects, in accordance with the GRI G3 Guidelines.

2. On Implats’ self-declaration of a GRI B+ application level

Based on our work performed, 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, on the basis of the GRI G3 Guidelines.

Limitation of liability
Our work has been undertaken to enable us to express a limited assurance conclusion on the selected sustainability information to the directors of Implats in accordance with the terms of our engagement, and for no other purpose. We do not accept or assume liability to any party other than Implats, for our work, for this report, or for the conclusion we have reached.


KPMG Services (Pty) Limited

Per PD Naidoo
Director

Johannesburg
17 August 2011