We believe that Earth’s rare and precious legacy can, through responsible mining, create abundant outcomes for our people, communities, investors, customers and all other stakeholders in giving expression to life’s special moments.
Diversified portfolio consistently delivering high-value blue, pink and large Type II white diamonds
Cullinan Mine is a world class asset which produces some of the world’s most iconic diamonds
World’s largest independent natural diamond producer, supporting further growth potential
Production on track to grow by c.1 Mcts by FY 2026
Feasibility studies underway for further expansion projects to extend life of existing assets beyond 2030
Well positioned for further growth opportunities
Current projects self-funded
Operating model that drives stability and cash generation
A focus on gross debt reduction and returns to shareholders
Demand anticipated to outstrip supply following peak in global diamond production
Global luxury sales remain buoyant
Supply expected to be limited for the next half decade
Natural Diamond Supply (Mcts)
People
Safety is our number one priority; LTIFR at 0.19 (H1 2023)
Planet
2030 GHG emissions reductions target for Scope 1 and 2 emissions of 35-40%
Partnerships
59%;89% of procurement spend with local suppliers in South Africa; and Tanzania
Production
Operating Model focused on cash generation
Risk Governance – Five lines of defense model
5th LineBoard and sub-committees
Perform oversight and set tone
- Approves Enterprise Risk Management (ERM) Framework
- Establishes risk appetite/tolerance and strategy
- Leverages risk information into decision making
- Evaluates the strategy and business’ performance on a risk-adjusted basis
4th LineExternal assurers
For example:
- Regulatory audits (DMRE)
- ISO certificaction audits
- Technical audits (mineral resources and reserves)
3rd LineInternal audit (test and verify)
Planning and execution informed by ERM; aims to identify control weaknesses
2nd LineRegulatory/Legal compliance & Enterprise Risk Management (ERM)
Regulatory/Legal compliance
- Monitors compliance with regulations
- Informed by ERM
- Risk-based compliance testing
Enterprise Risk Management (ERM)
- Designs Group’s ERM framework
- Monitors compliance with framework and reports on aggregated risks
1st LineBusiness units
- Management: identifies, owns, mitigates and reports on risks for ERM
