Social Development

• Fully licensed to operate
• Target 100% renewable energy within three years of commissioning
• Existing underground mine with negligible surface impact, with all environmental approvals in place
• Ongoing rehabilitation of historical footprint
• Rare earths – Critical contributor to the low-carbon energy industry
• Thorium – Clean energy fuel of the future (molten salt reactors) and source of radioactive isotopes for cancer treatment
• Ongoing Social Development projects to leave a legacy driven primarily through the Enock Mathebula Foundation (“EMF”)
• Broad-based employee equity partnership through the acquisition as an initial phase by Bora Mining Investments and EMF of 30% of the shares in SMM with the aim of acquiring full ownership within the next 3 years
• Commitment to transparent and sustainable governance principles

Steenkampskraal sees Social Development as more than just as a regulatory requirement in terms of the MPRDA under the umbrella of the Social and Labour Plan (S&LP).

We take immense pride in the fact that we have a strategic partnership with the Enock Mathebula Foundation which gives us the capability of going above and beyond the normal strategy of an operation in a similar environment through the following objectives;

• Increase self-esteem and leadership capacity among young people.
• Provide educational and motivational programs for young people to achieve excellence academically, socially, morally, physically, and emotionally.
• Provide Guidance and constructive evaluation of efforts towards self-improvement.
• Increase knowledge of various academic career and entrepreneurship opportunities.
• Afford practical training and safe supportive, learning environments which foster sharing, collaboration, and networking.
• Provide opportunities for the youth to give back to their communities by regular participation in community service and service-learning projects.

Developing social strategies for a mine like Steenkampskraal Monazite Mine involves engaging with local communities, prioritizing their needs, and fostering sustainable development.

Community Engagement and Consultation:
This begins by actively engaging with local communities to understand their needs, concerns, and aspirations. Hold regular meetings, establish community liaison committees, and ensure transparency in decision-making processes.

Stakeholder Collaboration:
Collaborate with local governments, NGOs, and other stakeholders to leverage resources, expertise, and support for social development initiatives. This can include joint projects, sharing best practices, and coordinating efforts to maximize impact.

Skills Development and Employment Opportunities:
Implement training programs to enhance local skills and employability, particularly in areas relevant to the mining industry. Prioritize hiring local residents for both skilled and unskilled positions within the mine, fostering economic empowerment and reducing unemployment.

Infrastructure Development:
Invest in the development of infrastructure such as roads, schools, healthcare facilities, and clean water supply systems. These initiatives not only improve quality of life for local residents but also contribute to long-term sustainable development in the region.

Environmental Conservation and Management:
Implement measures to minimize environmental impact and promote sustainable mining practices. This includes responsible waste management, rehabilitation of mined areas, and conservation of biodiversity.

Cultural Preservation and Heritage:
Respect and preserve the cultural heritage of local communities. Support initiatives that celebrate traditional practices, languages, and customs, while also promoting cultural exchange and understanding between different groups.

Health and Safety:
Prioritize the health and safety of workers and surrounding communities. Implement rigorous safety protocols, provide access to healthcare services, and support initiatives that promote wellness and disease prevention.

Economic Diversification:
Support initiatives that promote economic diversification and resilience beyond the mining sector. This can include supporting local entrepreneurship, investing in alternative industries, and fostering innovation and technology transfer.

Monitoring and Evaluation:
Continuously monitor the effectiveness of social development initiatives through robust data collection and evaluation processes. Solicit feedback from local communities and stakeholders to identify areas for improvement and adjust strategies accordingly.

Long-Term Commitment:
Social development is a long-term process that requires ongoing commitment and investment. Maintain open communication channels with local communities and stakeholders, and adapt strategies as needed to ensure positive social outcomes over the lifespan of the mine.