The natural resources we rely on to run our business and create our products
Water scarcity: Operating in water-stressed areas limits reliable access to water, which is essential for mining and processing
Finite mineral resources: Coal reserves are finite. However, we observe a temporary resurgence in reliance on coal as delays in the energy transition unfold, contributing to coal's short-term resilience
Climate change impacts: Coal's climate impact and related risks affect operational resilience
The people who manage our business and perform our operational activities
Skilled workforce availability: Attracting and retaining skilled employees in a competitive market is critical, particularly as we transition the business
Workplace safety: Workplace safety considerations, especially in high-risk operational environments, add complexity to managing human capital
Diversity, equity and inclusion (DEI): Fostering a diverse and inclusive workforce requires ongoing efforts to increase the representation of women, youth and people with disabilities
The relationships that support our social licence to operate
Social licence to operate: Growing negative sentiment towards fossil fuels and heightened expectations for businesses to address social issues challenge our social licence to operate
Reputational risk management: Reliance on contractors and suppliers requires diligent oversight to protect our reputation and align operations with societal expectations
The physical mining, energy and property assets that enable us to deliver our products
Ageing physical infrastructure: Ageing infrastructure at key physical assets requires capital-intensive upgrades to maintain operational efficiency
Investment in sustainable technologies: The transition to lowcarbon operations demands significant investment in advanced technologies and renewable energy projects that enhance our manufactured capital to meet evolving environmental standards while strengthening operational resilience
The unique combination of knowledge, experience, innovation and systems that set us apart
Adapting to technological advancements: Remaining competitive in a fast-evolving industry requires continuous investment in skills, knowledge and digital transformation
Balancing innovation with operational needs: Effective use of intellectual capital requires balancing investments in emerging technologies with the operational demands of today
The financial assets that enable us to deliver on our strategy
Revenue volatility: Fluctuating commodity prices create revenue uncertainty, potentially impacting our ability to fund operations and strategicf initiatives
Rising operational costs: Increasing costs challenge our financial capacity to maintain profitability while investing in essential growth and sustainability projects
Capital allocation balance: Balancing financial resources between sustaining coal operations and investing in diversification, particularly in energy transition minerals, requires careful prioritisation to support short-term stability and long-term transformation
Energy operations
(own use and grid supply)
Diversified equity investments
Responsible mining
Strategising for future relevance and a low-carbon transition
Delivering sustainable impact and responsible practices
What we produce
Coal
39.5Mt product volumes
Renewable energy
725GWh wind energy
Iron ore (SIOC)
R3.4 billion adjusted equity-accounted income
Waste
2 662t hazardous waste
936ktCO2e scope 1 and 2 emissions
IR