Strategic objectives and performance

Constantly delivering on our strategic goals

Performance in 2021
Our focus in 2022
  • Meaningful organic growth
  • Meaningful organic growth
Performance in 2021
  • 1.68 Moz produced in 2021, up 2% year-on-year and 5% above original guidance
  • 7% increase in ore reserves
  • Nezhda launch ahead of schedule
  • Veduga The Board approved $471 million investment in the 4.0 Moz Veduga project
Our focus in 2022
  • Despite a wide range of uncertainties we will be working under in 2022, it is our current intention to operate as normally as possible, but remain agile to evolving circumstances
  • The Group reiterates its current production guidance of 1.7 Moz of GE for FY 2022
  • The scope of operational activities and capital project advancement is not expected to change materially
  • Global leadership in refractory ore processing
  • Global leadership in refractory ore processing
Performance in 2021
  • POX-2 project is 65% complete. We advanced construction of POX-2, which will fully de-risk our business model by bringing all concentrate processing in-house and eliminating our dependence on concentrate offtake from 2H 2023.
  • We also started the Pacific POX project, which addresses both the internal need for extra downstream capacity and provides us with strategic opportunities on the external market.
Our focus in 2022
  • Keeping POX-2 construction on track for launch in 2H 2023
  • Land plot securing and external infrastructure Unlocking the value of refractory reserves conditions approval for Pacific POX
  • High standards of ESG through impact assessment
  • High standards of ESG through impact assessment
Performance in 2021
  • 9% reduction in our GHG intensity (Scope 1 and Scope 2, compared with 2019)
  • 33% female directors
  • Received further external recognition of ESG efforts with improved ratings and scores from MSCI ESG Ratings, Sustainalytics, Vigeo Eiris, ISS ESG Corporate Rating S&P Global Bronze Class Sustainability Award
Our focus in 2022
  • Ultimate goal of zero fatalities and LTIFR ≤ 0.2 at all operations
  • Improve equality and diversity, with at least 33% of women in the Talent Poo
  • Achieve a 10% reduction in GHG intensity (Scope 1 and Scope 2) compared with 2019 baseline
  • Achieve a 42% reduction in freshwater intensity compared with 2019 baseline
  • 12% of all our tailings to be stored in the form of dry stacking
  • Continued compliance with global and local best practice
  • Capital discipline & sustainable dividends through the cycle
  • Capital discipline & sustainable dividends through the cycle
Performance in 2021
  • $635m dividend paid ($1.34 per share)
  • 1.13x Net debt/Adjusted EBITDA, below target of 1.5x
  • $1bn Our commitment to invest in decarbonisation until 2030
  • $400m New sustainability-linked financing with interest rates linked to GHG emission intensity reduction targets
Our focus in 2022
  • Maintaining a strong balance sheet and comfortable leverage position of Net debt/Adjusted EBITDA
  • Delivering significant positive free cash flow

You are downloading Integrated Annual Report . Please note that some ESG data are available in Sustainability Performance Data 2021 (GRI and SASB) that outlines our key non‑financial performance information for financial year 2021. While the selected annual report is being downloaded, we want to draw your attention to the Sustainability Report. It provides detailed information on ESG indicators.

While the selected files are being downloaded, we want to draw your attention to the reports on the sustainable development of the company. They provide detailed information on ESG indicators.

You can also download historical data on sustainable development.

2019