African Rainbow Minerals | Integrated annual report 2022 | Value distributed

African Rainbow Minerals Integrated annual report 2022

Value distributed

The value created by our activities is distributed to a range of stakeholders. In F2022, R27.1 billion of financial value on a segmental basis was distributed as illustrated below.

Contributions from ARM operations over the last five years (100% basis unless otherwise stated) included:

R25.2 billion paid as taxes and royalties¹
R783 million invested in community development
757 bursaries provided
Paid R19.6 billion¹ to employees as salaries, wages and benefits
Invested R1.1 billion in training initiatives to improve the skills of employees

¹	On a segmental basis.

Refer to ESG report for discussion on how ARM contributes to the SDGs.

R33 billion paid in procurement. Preferential procurement at the operations aims to increase procurement of goods and services from HDSA, women- and youth-owned companies
Providing employment for 21 610 employees and contractors (at 30 June 2022)

Improved HDP representation in management from 55% in F2017 to 68% in F2022
Provided adult education and training to 456 employees and 1 125 community members at ARM facilities, increasing their confidence and employability

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Social and ethics committee chairman's report

ARM’s strategic priorities to operate safely, responsibly and efficiently, and to partner with communities and other stakeholders, are founded on responsible environmental, social and governance (ESG) practices and our commitment, as ICMM members, to mining with principles.

Climate change and energy

Climate-change considerations are continually integrated into our business strategy. Climate risks influence our short-term strategy through the need to manage related operating costs (including through reduced energy consumption). Our long-term strategy incorporates expected climate-related changes in regulation that will affect costs (particularly energy costs in geographies where fossil fuels have traditionally been dominant), energy supply and the availability of water.