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Annual Report and Accounts 2011

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Corporate Social Responsibility

Corporate social responsibility and sustainability is very important to Petra and is integral to the way the Group structures and operates its mining, development and exploration projects. The Petra Group now encompasses over 4,600 people in South Africa, Tanzania and Botswana, and as such is a significant employer in Africa. Petra is proud to have taken over various operations and to have put in place long mining lives, which will ensure continuous stable employment for the Company's workforce.


Petra recognises that its business and operations have an impact on a wide range of stakeholders. These include broader economic, social and environmental impacts. The Company recognises that it has a responsibility to mitigate potential negative impacts and to actively endeavour to initiate and support positive impacts that are sustainable after mining has ceased.

The Company has outlined its key sustainable development policies and practices below, but for more information shareholders should review Petra's Sustainable Development Report, which is available on the Group's website.

HSSE Committee

Petra recently formed the Group's Health, Safety, Social and Environmental ("HSSE") Committee. The HSSE Committee's role is to formulate and recommend to the Board the Group's policy on all relevant health, safety, social and environmental issues as they affect the Group's operations and it will ensure that the Board is cognisant of, and takes account of, mining corporate social responsibility best practice. In particular it will focus on ensuring that effective systems and standards, procedures and practices are in place and will monitor the correct and legal implementation of these procedures across the Group.

The HSSE Committee is also responsible in conjunction with the Executive Committee for reviewing management's investigation of incidents or accidents that occur in order to assess whether policy improvements are required.

Operational Health and Safety

The health and safety of employees is a priority for Petra and the Company adheres to the most stringent practices for health and safety. In addition to appropriate risk management processes, Petra has various strategies and systems in place to ensure that working places are safe and that employees are equipped to work safely. A great emphasis is based on training in this area and Petra's management continually strives to raise safety awareness at all levels. Petra encourages the active participation of employees and their representatives in health and safety issues and aims to encourage a healthy lifestyle for its workforce.

Community and Social

Petra is cognisant that, as a mining company, it is exploiting a finite resource and that there is a window of opportunity for the Company to play a role in the social and economic upliftment of the communities in which it operates. Petra is committed to identifying sustainable projects in conjunction with local communities themselves, as well as local authorities. The Group takes a holistic and structured approach to corporate social responsibility and uses training and skills development to enhance the lives of employees and community members alike.

Environment

Petra recognises and acknowledges the need to conduct environmentally sustainable exploration, mining and related activities. It is dedicated to promoting and maintaining high standards of environmental management within all of our operations by means of advocating environmental awareness to our employees as well as implementing sound and solid procedures and monitoring processes. The Company's operations are subject to significant environmental regulation under according to applicable local legislation.

The Kimberley Process

Petra will only ever operate in countries which are members of the Kimberley Process. The Kimberley Process is a collaboration between Governments, NGOs and the diamond industry, who joined together to stem the flow of "conflict diamonds" – rough diamonds used by rebel movements to finance wars against legitimate governments. It was set up to assure consumers that by purchasing diamonds they were not financing war and human rights abuses and the Kimberley Process Certification Scheme imposes extensive requirements on its members to enable them to certify shipments of rough diamonds as conflict free.

The nursery at Williamson has the capacity to raise 500,000 seedlings annually.
This rhino at the Cullinan nature reserve has been de-horned to protect it from poachers.
image of a plant image of a rhino
 

Petra's corporate social responsibility principles are as follows:

Principle

 

Description

Petra conducts itself according to the highest ethical and corporate governance standards

  Petra will operate according to the highest ethical and corporate governance standards and is committed to conducting itself in a way that is mindful of the economic, social and environmental impacts on society.

Petra is a fair employer

  Petra is a fair employer and treats its employees with respect and dignity. The Company will uphold the basic human rights of employees, contractors and community members.

Health and safety of employees is of the utmost priority

  The health and safety of employees is of the utmost priority for the Company. Health and safety committees, comprising both management and employee representatives, as well as health and safety collective agreements, are in place at all operations, in line with the relevant legislation in the Company's countries of operation. These committees meet on a regular basis to discuss and resolve health and safety related challenges.

A strong commitment to local economic development

  Petra has a strong commitment to local economic development and to having a positive impact on the social, economic and institutional development of its host communities. The Company works to purposefully identify sustainable projects in conjunction with local leaders and authorities, which will serve the community, making a long term contribution to the sustainability of the local communities.

Emphasis on environmental stewardship throughout life cycles of operations

  Petra places a great deal of emphasis on environmental stewardship throughout the life cycle of its operations – from exploration to closure. The Company will, as a minimum, comply with the environmental regulations in the countries in which it operates and will implement environmental management and auditing systems based on good practice.

The responsible mining and sale of our diamonds

  Petra believes in the responsible mining and sale of its diamonds. Petra will only operate in countries which are members of the Kimberley Process and, as a legitimate diamond miner operating in South Africa and Tanzania, 100% of Petra's production is fully traceable and conflict free.

Engagement with stakeholders

  Petra will engage with stakeholders – employees and unions, shareholders, community members, representatives from Government and regulators – in an open and transparent manner and will voluntarily report on its objectives and performance in respect of sustainable development on a regular basis.