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Full Disclosure 2016

Merafe Resources Limited's disclosure of environmental non-compliances in annual reports

2016 update

2015 company reports

Merafe’s 2015 Integrated Annual Report states as follows:

The Venture has had no environmental fines, penalties or prosecutions at its operations for the past nine years. The Venture achieved its goal of no category 3, 4 or 5 incidents recorded in its operations in 2015 and no category 4 or 5 incidents have been recorded in the Venture’s operations for the past nine years.1

According to Merafe’s separate online integrated report under “Natural Capital tab” there were 27 Category 2 incidents (“causing minor, reversible environmental impact requiring minor remediation”) and 110 Level 1 incidents (“causing negligible, reversible environmental impact, requiring very minor or no remediation).2

Full Disclosure 2015

The company operates its own environmental incident classification system. Incidents are categorised according to severity, category 1 being the least severe incident and category 5 being the most severe.

2009 company reports

In 2009 the company reported 47 category 1 incidents and 22 category 2 incidents.3 No further information is provided as to the nature of the incidents.

2010 company reports

In 2010 the company reported 62 category 1 incidents and 24 category 2 incidents.4 No further information is provided as to the nature of the incidents.

2011 company reports

In 2011 the company reported 76 category 1 and 7 category 2 incidents.5 No further information is provided as to the nature of the incidents.

2012 company reports

In 2012 the company reported 89 category 1 incidents and 8 category 2 incidents.6 No further information is provided as to the nature of the incidents.

2013 company reports

In 2013 the company reported 95 category 1 incidents and 14 category 2 incidents.7 No further information is provided as to the nature of these incidents.

2014 company reports

In 2014 the company reported 111 category 1 incidents and 11 category 2 incidents.8 No further information is provided as to the nature of the incidents.

  1. Merafe Resources Integrated Report 2015, at p22.
  2. Merafe Resources Online Integrated Report 2015, available at: http://www.meraferesources.co.za/reports/ir_2015/per-nat-capital.php (last accessed 7 November 2016).
  3. Merafe Resources Annual Report 2009 at p58, available at http://www.meraferesources.co.za/pdf/reports/2009/ar_2009.pdf
  4. Merafe Resources Annual Report 2010 at p38, available at http://www.meraferesources.co.za/pdf/reports/2010/ar_2010.pdf
  5. Merafe Resources Annual Report 2011 at p92, available at http://www.meraferesources.co.za/pdf/reports/2011/ar_2011.pdf
  6. Merafe Resources Annual Report 2012 at p49, available at http://www.meraferesources.co.za/pdf/reports/2012/ar_2012.pdf
  7. http://www.meraferesources.co.za/reports/ir_2013/per-nat-capital.php (last accessed on 7 August 2015).
  8. http://www.meraferesources.co.za/reports/ir_2014/per-nat-capital.php (last accessed on 7 August 2015).