Palabora operates according to structured corporate guidelines on human rights, corporate governance, environmental management, corporate citizenship and business ethics - as aligned with relevant regulatory requirements and industry leading practice. These guidelines are set, approved and monitored by the company's Board of Directors. Palabora endeavours to apply both the letter and spirit of these guidelines to all areas of its operations.
Palabora is committed to the following strategic imperatives:
- Providing a safe and healthy work environment for all employees and contractor employees;
- Practicing sound environmental management to ensure the sustainable biodiversity of the natural environment within which it operates;
- Acknowledging and respecting stakeholder interests and concerns; and striving to be a leading corporate citizen within the mining industry;
- Supplying a high standard of quality products and services - reliably and responsibly.
Code of ethicsPalabora has developed and promulgated a formal written code of ethics. The code has been circulated throughout the company to provide employees with a clear guide on the conduct expected of them in their dealings with each other and the company's stakeholders. All employees are required to maintain the highest ethical standards to ensure that Palabora's business practices are conducted in accordance with the highest levels of integrity in dealing with all stakeholders, including its shareholders, directors, managers, employees, customers, suppliers and society at large.
View Palabora's Code of Ethics
Safety, health and environmental stewardshipPalabora strives to conduct its operations in strict compliance with South African legislation and industry benchmark standards - particularly in terms of safety, health and environmental (SHE) impacts.
We encourage the highest levels of knowledge and personal accountability in our people, facilitated through targeted training programmes for employees and contractors; whom we hold accountable for performance - particularly with regards to safety, health and environmental impacts in their specific areas of responsibility.
Operational benchmarks and performance indicators for SHE management are included in our risk framework, and systems have been implemented to identify, assess, monitor and control performance standards. A process of continuous monitoring and review enables us to adjust targets, always aspiring to higher levels of performance and compliance.
We communicate our SHE policy directives to employees, contractors and visitors to ensure that they understand their own obligations in respect of this policy. We further maintain open communications with all stakeholders - including employees, community stakeholders, government and non-governmental organisations - regarding SHE issues, and where applicable, contribute to the development of sound legislation.
Palabora strives to practice responsible environmental stewardship throughout its operations, not only by proactively managing natural systems on site, but also through the responsible consumption of natural resources. This includes the reasonable prevention of pollution where activities are performed; and the restoration of the environment to acceptable levels of land use and sustainable biodiversity when disturbance cannot be avoided
The company maintains a plan for eventual closure of Palabora's mining operation, including the management of social and environmental impacts. The plan contains estimates of closure costs and financial provision, and promotes continuous consultation and co-operation with local communities and other stakeholders.