Progress against Mining Charter targets
Harmony is a truly empowered company. We report on our performance in relation to the Mining Charter throughout this integrated report. The table below sets out the requirements of the Mining Charter and our performance against it. Further information on what we have done in relation to the Mining Charter can be found in the approach to sustainability section.
| Description | Measure | Compliance by 2014 | Our performance in FY14 |
|---|---|---|---|
| Ownership | |||
| Minimum target for effective ownership by historically disadvantaged South Africans | Meaningful economic participation and full shareholder rights | 26% | 28% to 38% |
| Housing and living conditions | |||
| Conversion and upgrading hostels to attain the occupancy rate of person per room | Percentage reduction of occupancy rate towards 2014 target | Occupancy rate of one person per room | Employees: housing and living conditions: South Africa |
| Conversion and upgrading hostels into family units | Percentage conversion of hostels into family units | Family units established by 2014 | |
| Procurement and enterprise development | |||
| Procurement spent on black economic empowerment entities | Capital goods | 40% | Communities: procurement |
| Services | 70% | ||
| Consumable goods | 50% | ||
| Multinational suppliers’ contribution to the social fund | Annual spend on procurement from multi-national suppliers | 0.5% | |
| Employment equity | Diversification of the workplace to reflect the country’s demographics to attain competitiveness | Top management (board) | 40% | Employees: employment equity |
| Senior management | 40% | ||
| Middle management | 40% | ||
| Junior management | 40% | ||
| Core and critical skills | 40% | ||
| Human resources development | |||
| Developing requisite skills, including support for South African based research and development initiatives intended to develop solutions in exploration, mining, technology, beneficiation and environmental conservation | Human resources development expenditure as percentage of total annual payroll (excluding mandatory skills development levy) | 5% | Employees: Training and development in South Africa |
| Mine community development | |||
| Conduct ethnographic community consultative and collaborative processes to delineate community needs analysis | Implement approved community projects | 1% of profit after tax | Communities |
| Sustainable development and growth | |||
| Improvement of the industry’s environmental management | Implement approved environmental management programmes (EMPs) | 100% | Environmental performance |
| Improvement of the industry’s mine health and safety performance | Implementation of tripartite action plan on health and safety | 100% | Safety and Health |