Merafe and the Glencore-Merafe Chrome Venture Merafe relies on the Venture and Glencore to obtain quantitative data with regard to sustainability indicators of the Venture as set out in this report. The Venture, via the Glencore Sustainability Database, undergoes a process of internal and independent assurance reviews of their key sustainability indicators. The sustainability data and information falls under the Sustainability and Human Resources Development departments of both the Venture and Glencore. The information set out in this report is signed off by the Venture and Glencore. The Venture’s sustainability data and information was subjected to various internal and external review and audits during 2015. See the schedule detailing the Venture’s internal and external reviews and audits. With regard to the above internal and external audits and reviews, the Venture and Glencore have confirmed to the Board of Merafe that there are no material issues arising therefrom which would impact on the reliability, accuracy and completeness of the Venture’s information set out in this report. In addition, Deloitte was commissioned in 2015 as part of Glencore’s global audit and review process, to undertake independent third party assurance on key sustainability data of the Venture for 2014. The Venture and Glencore have confirmed that no material issues arose therefrom. Deloitte have again been appointed to conduct an independent third party assurance on key sustainability data of the Venture relating to the 2015 year end. The site for the 2015 audit was the Wonderkop operation. The assurance took place in the first half of 2016 and the Venture and Glencore have confirmed that no material issues arose therefrom. As a result of the internal and external reviews and audits as outlined (together with the signing off of the data by the Venture and Glencore), the Merafe Board is satisfied that the information set out in this report in respect of the Venture’s data is reliable, accurate and complete. The Venture’s Mineral resources and Mineral reserves statement to 31 December 2015 is signed off by a Competent Person as defined by the SAMREC Code, a summary of which is on the Abridged mineral resources and mineral reserves statement of this report. The full mineral resources and reserves statement is on our website. For the 2014 annual report KPMG Services were engaged to provide independent assurance on the directors’ statement that they had followed the materiality determination process described in identifying the material issues in the Annual Report. For the 2015 annual report the Board followed the same materiality determination process as 2014 as is set out on Material issues of this report. As a result of the fact that the Board followed the same processes it was of the view that it was not necessary to engage KPMG for the 2015 year end. KPMG were engaged as Auditors of the Company as set out on the inside front cover of this report. In respect of the Remuneration Policy of the Company and remuneration of the Company’s Board and executives, the Remuneration Committee appointed independent advisors to assist the committee in ensuring that the policy was in line with best practice and that remuneration was properly benchmarked. For more details in this regard see the Remuneration report of this report. |