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Sustainability

Keaton Energy has made steady progress towards its two million tonnes per year objective by bringing the Klip Colliery into production and advancing its other development and exploration projects. The company’s social and environmental footprint is planned to increase, as further operations are brought to account. Keaton Energy’s commitment to corporate governance and disclosure will become increasingly important as the company grows and impacts positively on increasing numbers of stakeholders. The Board remains committed to steadily improving on its disclosure and reporting with a phased approach towards ultimately meeting the requirements of the Global Reporting Initiative’s (GRI) G3 guidelines.

Sustainability statement

Keaton Energy has the objective of becoming a long-term sustainable enterprise, profitably producing a primary commodity that remains vital as both a source of energy and foreign exchange for South Africa, thereby contributing to the sustainable development of the country.

The Board of Keaton Energy believes that mining companies have unique responsibilities relating to the safety and health of employees, contractors and communities, the environment generally and the socio-economic development of both the communities where they operate and the country generally.

Mines by their very nature are declining assets that necessarily have limited lives and the mining out of a coal resource brings with it serious responsibilities in terms of the environment, surrounding communities and employees.

It is the Board’s firm view that sound performance in the “triple bottom line”, comprising economic prosperity, the management of the environment and social equity, are fundamental to the continued sustainability of the company for the benefit of all stakeholders.