Each year, we invest our financial and human resources into mining from our natural resources, processing and marketing. We convert the metals we mine into products that create value for stakeholders globally, while minimising our impact on the environment and society.
We are on track to deliver the change necessary to ensure that the business remains resilient in a challenging and ever-evolving macro-economic environment, thus enabling it to deliver its full potential. We have taken the difficult but necessary decisions required to create a more efficient and effective organisation that is focused on operational excellence.
This integrated report spans Valterra Platinum’s transition from a member of Valterra Platinum to an independent company listed on the JSE Limited.
Operating countries
Number of sites
TRIFR1 up
Total number of fatalities
(at Dishaba, Amandelbult)
Total contribution to society
Returns to shareholders (including dividends to Thobo employee trust)
The world’s PGM Mineral Resources
Women in senior management (5% above target)
“At all times, but arguably more so at present, we harness the expertise of the board and management to mitigate challenges while capitalising on opportunities in the best interests of the company and its stakeholders.”
Norman Mbazima
Chairman
“The action plan implemented this year to enhance competitiveness in a challenging environment, marked by low PGM prices and rising costs, is testament to our agility in challenging conditions and already yielding tangible results.”
Craig Miller
Chief executive officer
“As we prepare for our transition to a standalone business in 2025, the robustness of our financial performance underscores our readiness. Our sustainable cost and capital optimisation initiatives delivered R7 billion in operational cost savings from a 2023 baseline and a R5 billion reduction in stay-in-business capital expenditure.”
Sayurie Naidoo
Chief financial officer
As an independent company, we will operate with clear focus and enhanced strategic flexibility. Our key strengths were developed from a track record built over decades. Together, they make Valterra Platinum a more focused, independent global leader in the PGM industry, with the scale and foundations to maximise the potential from our business, assets and people.
Our strategic priorities start with safety and health and include a simplified organisation, operational excellence, value-accretive investment in the portfolio and effective marketing. Sustainability will be integrated into everything we do.
As a leading primary producer of PGMs, we remain committed to leading the way as our industry plays an increasingly important role in the global economy and technologies of tomorrow.
