OUR BUSINES S MODEL Or ganisa tional o v ervie w and s tr a t egy T he Miner als C ouncil cr ea t es v alue b y acting as the principal adv oca t e f or the South A frican mining indus try on behalf of our members our primary s tak eholder A t the Miner als C ouncil w e ar e s triving t o r eposition the indus try t o enable it t o further unlock its pot ential and t o optimise its c ontribution t o the South A frican ec onom y Much of the v alue cr ea t ed b y the Miner als C ouncil is indir ect and cannot be measur ed s trictly in financial t erms HO W WE CREA TE V AL UE WHA T WE DO Harmon y T shepong KEY RISK S T en k e y risks f acing the Miner als C ouncil and the South A frican mining indus try ar e T he thr ea t tha t C O VID 19 pr esents t o the indus try Electricity security of supply and c os t Mining Chart er 20 18 s impact on the indus try s global c ompetitiv enes s and ability t o a ttr act in v es tment Br oader unc ertainty of polic y and security of t enur e and rising c os ts po w er and labour especially C omple x oner ous and misaligned r egula t ory en vir onmental fr ame w ork including carbon tax Height ened e xpecta tions and demands fr om c ommunities Ef ectiv enes s of pa yment s y s t em f or oc cupa tional disease c ompensa tion Underperf ormanc e b y the indus try in meeting health and saf ety tar gets Inadequa t e applica tion of inno v a tion t o sus tain the indus try in the long t erm P ot ential f or labour r ela tions to des tabilise the sect or C OLLABORA TE IDENTIFY C OMMUNICA TE GUIDE Identify and unders tand main is sues of c onc ern t o members and s tak eholders Ex amine polic y is sues and ma tt ers of mutual c onc ern Engage and partner with s tak eholders t o addr es s c onc erns identifed and de vise s tr a t egies t o addr es s them ef ectiv ely Pr omot e c onsulta tion and c ollabor a tion and f acilita t e int er action among members and s tak eholders Pr omot e unders tanding of our indus try and its c ontribution t o the South A frican ec onom y b y adv oca ting on behalf of the indus try t o ensur e an enabling polic y legisla tiv e r egula t ory and oper a ting en vir onment Guide indus try in t erms of bes t pr actic e in ar eas of saf ety tr ansf orma tion indus trial r ela tions skills de v elopment oc cupa tional health and en vir onmental management P age 4