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Xstrata Alloys When the black majority government was elected in the 1990s, black empowerment was high on the agenda and to their credit, boards of directors have ensured that change has been real and introduced in a realistically short timescale. One such successful South African operation is Xstrata Alloys, which runs a string of mines from Rustenberg in the north- west to Swaziland in the east. Although Xstrata can trace its roots back to the 1920s, it was only in 2001 when the current management team took over what was a relatively small Swiss- listed mining company that the business as known today emerged. Under the guidance of CEO Mick Davis and CFO Trevor Reid, Xstrata plc was Your preferred provider of rock support solutions. Minova RSA, the South African operation of the worldwide Minova Group, provides safe, value driven and innovative rock support solutions to the African and South American mining and civil engineering industries. The company is Africa's only integrated supplier of resin support products, cement grouts, surface coatings, in- stope support drill rigs and accessories for rock bolting, rock consolidation and ventilation control. Minova RSA February 10 www. bus- ex. com 45

46 www. bus- ex. com February 10 floated on the London Stock Exchange, raising just under £ 1 billion but oversubscribed by a factor of seven and immediately entering the FTSE100 index! Today, Xstrata is the world's largest producer of export thermal coal; one of the top five producers of coking or metallurgical coal; the largest producer of ferrochrome; the fourth largest global copper producer; the fifth largest global nickel producer; and one of the world's largest sources of zinc. Perhaps fulfilling its ideals has come easier to Xstrata thanks to starting with a clean sheet; but its programme has been recognised as a working model thanks to winning the sustainability category of the Nedbank Capital Green Mining Awards for 2008. The need for such a programme was based on three fundamental pillars: it provided a moral licence to operate from all its stakeholders; it reduced the risk of socio- environmental damage; and it enhanced its overall reputation. Essentially, Xstrata wants to be welcomed as a neighbour in all the communities in which it operates, as well as in the broader South African society. Embarking on a corporate sustainability programme is no easy task for any large organisation but to ease its way, Xstrata appointed an executive director who established the necessary new departments and oversaw their activities. To ensure Xstrata personnel were close to community stakeholders, liaison learners were hired and trained in the art of social entrepreneurship. The resources created included skilled personnel, systems and procedures to engage all aspects of corporate sustainability. To fund these activities, Xstrata spends a minimum two per cent of net profit after tax per annum on community development, and up to three per cent of the salary bill on training and education. A number of targets have been set, covering a wide range of endeavours from health and safety, through biodiversity conservation, to water management. Not all of the targets have been met; but the majority have, and even where shortfalls have occurred, the performance gap is closing. In addition, Xstrata measures itself against the South African Mining Charter scorecard, which monitors a company's actions in improving the lot of what are collectively referred to as historically disadvantaged South Africans. All too often, black students leave school with little education, so many employers provide Adult Basic Education and Training ( ABET). Xstrata has ABET facilitators at all its plants. Xstrata has already met its initial target of having HDSAs in 40 per cent of management positions and employment