Rössing and sustainable development

Sustainable development is the distinctive, significant and characteristic centre of our overall approach to business.

Everything that we do, we do in line with the generally accepted definition of sustainable development as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs".

This suggests that meeting the needs of future generations depends on how well we balance social, economic and environmental needs when making decisions today. The aim of sustainable development is, therefore, to seek out win-win situations that can achieve environmental quality and increase economic wealth and social well-being - today and tomorrow.

Our vision remains to:

• Create long lasting positive effects for the people of the region and Namibia;
• Build capacity to ensure that it contributes to the future well-being of our employees;
• Minimise the negative impacts and optimise the positive impacts; and
• Maintain our reputation as responsible corporate citizen of Namibia.

When conducting our business we ensure that we maintain a balance in the way we:

• Utilise our assets (both our own resources and environmental resources);
• Contribute positively to our societal needs through the provision of support to our communities without creating dependency; and
• Generate economic wealth.

Driving the integration of sustainable development at Rössing Uranium are the following six themes:

People

Our workforce is central to our business. This means ensuring a safe and healthy workplace geared for human resource development, in order to attract and retain employees while maximising our contribution to their well-being.

Product stewardship

This theme focuses on expanding our understanding of the impact of our product on society by working with all interested and affected parties.

Environmental and asset resource stewardship

We aim to be the leader in environmental stewardship and to maintain our reputation as a responsible corporate citizen. This can be realised when we correctly understand and appreciate our natural resources, both biotic and abiotic, utilise them in a sustainable manner and create a net positive impact.

Communities

By understanding the diversity of the communities within which we operate and through continuous interaction with them, we are able to respond to their concerns and needs. Moreover, the communities who host us should realise a net benefit and long-lasting positive effect from our activities.

Economic viability

With the aim of providing the best returns on investment for our shareholders, we have to understand the long-term demand for our product, as well as the cost, resource availability and value creation associated with such demand. Economic viability also ensures that we continue to make significant contributions to the economy of the country and its people in various ways.

Corporate governance and compliance

We strive to be transparent and proactive in all our business operations. Thus, we have business systems in place which are auditable and these systems form the backbone of good corporate governance.

These six pillars not only form the backbone of our business, but are the axle which spins our business, taking it from strength to strength. The pillars are discussed in this report to stakeholders.