Glossary of terms and acronyms

ABET
Adult basic education and training
ADR
American Depositary Receipt
AEL
Atmospheric emissions licence
AMCU
Association of Mineworkers and Construction Union
AMD
Acid mine drainage
ASM
Artisanal and small-scale mining
ASTM
American Society for Testing and Materials International
BAC
Bulk air cooler
BAP
Biodiversity action plan
BBBEE
Broad-based black economic empowerment
BEE
Black economic empowerment
CCMA
Commission for Conciliation, Mediation and Arbitration
CDM
Clean Development Mechanism
CEO
Chief Executive Officer
CER
Certified emission reduction
CIPS
Chartered Institute of Purchasing and Supply
CMS
Carbon Management Strategy
CO2
Carbon dioxide
COAD
Chronic obstructive airways disease
CRTB
Cardio-respiratory tuberculosis
CSI
Corporate social investment
CSP
Concentrated solar power
dBA
Decibel
DEA
Department of Environmental Affairs
DMR
Department of Mineral Resources
DoE
Department of Education
DoH
Department of Health
DoL
Department of Labour
DSM
Demand Side Management
DWA
Department of Water Affairs
EIA
Environmental impact assessment
EMP
Environmental Management Programme
EMPR
Environmental Management Programme Report
EMS
Environmental Management System
EPC
Environmental Policy Committee
ESOP
Employee Share Ownership Plan
ETF
Exchange-traded fund
Exco
Executive Committee
FIFR
Fatal injury frequency rate
FSDoE
Free State Department of Education
GAAP
Generally Accepted Accounting Principles
gbm
Gold-bearing mercury
GHG
Greenhouse gas
GRI
Global Reporting Initiative
HAART
Highly active anti-retroviral treatment
HDSA
Historically disadvantaged South African
HIV/AIDS
Human immunodeficiency virus/Acquired immunodeficiency syndrome
ICMM
International Council on Mining and Metals
IDP
Integrated Development Plan
IECMS
Integrated Energy and Carbon Management Strategy
IFRS
International Financial Reporting Standards
IIRC
International Integrated Reporting Council
ISAE
International Standard on Assurance Engagements
ISO
International Organization for Standardization
IT
Information technology
IWUL
Integrated water use licence
IX
Ion exchange
JSE
Previously the Johannesburg Stock Exchange and the JSE Securities Exchange
King III
The Code of and Report on Governance Principles for South Africa, issued by the King Committee on Corporate Governance
KPI
Key performance indicator
LBMA
London Bullion Market Association
LED
Local economic development
LTIFR
Lost-time injury frequency rate
LOA
Living-out allowance
MDR-TB
Multi-drug resistant tuberculosis
MEC
Member of the Executive Council
MESH
Methane Emergency Preparedness Safety Health
MHSC
Mine Health and Safety Council
Mining Charter
Broad Based Socio-economic Empowerment Charter for the South African Mining and Minerals Industry
MPRDA
Mineral and Petroleum Resources Development Act, 2002 (Act No 28 of 2002)
MTIFR
Medically treated injury frequency rate
NCCRP
National Climate Change Response Policy
NEM
National Environmental Management
NGO
Non-governmental organisation
NIHL
Noise-induced hearing loss
NNR
National Nuclear Regulator
NUM
National Union of Mineworkers
NYSE
New York Stock Exchange
PM
Particulate matter
PPE
Personal protective equipment
R&D
Research and development
RIFR
Reportable-injury frequency rate
SADC
Southern African Development Community
SAICA
South African Institute of Chartered Accountants
SAMREC
South African Code for Reporting of Exploration Results, Mineral Resources and Mineral Reserves
SANS
South African National Standards
SARS
South African Revenue Service
SEC
US Securities and Exhange Commission
SED
Socio-economic development
SETA
Sector Education and Training Authority
SIFR
Serious-injury frequency rate
SiO2
Free silica
SLP
Social and Labour Plan
SME
Small and medium enterprise
SMME
Small, medium and micro enterprise
SRI
Socially Responsible Investment
STI
Sexually transmitted infection
TB
Tuberculosis
TSF
Tailings storage facility
TSX
Toronto Stock Exchange
UASA
United Association of South Africa
UNFCCC
United Nations Framework Convention on Climate Change
UNGC
United Nations Global Compact
VCT
Voluntary counselling and testing
VCU
Voluntary carbon unit
VLP
Village linkage person
WBCSD
World Business Council for Sustainable Development
WGC
World Gold Council
WIM
Women in mining
WPM
Work Place Management
WRI
World Resources Institute
WUL
Water use licence

SED definitions

  1. I. LOCAL ECONOMIC DEVELOPMENT (LED)

    This is spending aimed at furthering economic development, in particular job creation and enterprise development, in communities surrounding our mines. LED can be further broken down into three key categories:

    • Enterprise Development: Direct assistant in helping SMEs, independent contractors and suppliers to the Group owned by historically disadvantaged individuals.
    • Procurement: Development of historically disadvantaged companies, individuals, including women and the disabled, through procurement spend.

    • Infrastructure Investment: Jobs created by the Group’s community development and support, such as building of crèches and clinics, and housing programmes for the community.
  2. II. EDUCATION

    Support of community education facilities, external bursaries (with/without employment obligations), sponsorship of academic institutions that support skills development, as well as R&D institutions doing research into mining-related activities.

  3. III. TRAINING

    Community training skills development for the unemployed,ABET among staff and among affected communities, artisan training, training support for retrenched workers, and other training initiatives (school support and post-matric programmes).

  4. IV. HEALTH

    Spending on building community clinics. Financial support for health programmes and disease-awareness programmes (HIV/AIDS and malaria) in communities and nursing college training.

  5. V. SPORT

    Support for development programmes, sports facilities, and individual and sports team sponsorships. It includes facilities and programmes to promote sports and wellbeing among employees.

  6. VI. CHARITABLE GIVING AND GIFTS IN KIND

    Voluntary donations to charities and NGOs falling outside the sectors listed above.