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MINTEKANNUAL REPORT2007CONTENTSMintek Mandate, Vision, Mission and Compact..................inside front coverHighlights 2006 - 2007..........................................................................2The Mining Value Chain.........................................................................3Chairman’s Review................................................................................4Board Structure...............................................................................................................4CEO’s Report.........................................................................................8Management Structure...................................................................................................8Performance against objectives...........................................................14Technical Review................................................................................16Gold................................................................................................17PGMs..............................................................................................20Ferrous metals..........................................................................................................22Non-ferrous metals.................................................................................................24Industrial minerals.................................................................................................28Quality, Environment and Safety........................................................................29Commercial Activities..................................................................30Participation in operating companies............................................................31Mintek business development projects........................................................31Process control products..............................................................................33Capital equipment........................................................................................35South African Reference Materials............................................................35Minerals Policy and Sustainable Development....................36Mineral Economics and Strategy...............................................................37Resource-Based Sustainable Development............................................38 Kgabane Jewellery Initiative....................................................................41People................................................................................42Human Capital Managment..................................................................43Transformation and Employment Equity................................................43Black Economic Empowerment (BEE)...............................................44Participative Approach: Mintek and NUM................................................44HIV and AIDS..........................................................................................44Wellness................................................................................44Diversity.................................................................................................45SAP and Human Economics...................................................................45Human Capital Development..................................................................45Mintek Publications.............................................................48Financial Statements 2007..................................................51Corporate Governance..............................................................................52Audit Committee Report..............................................................................55Directors’ Report.........................................................................................57Report of the Auditor-General.......................................................................59Financial statements and notes....................................................................62Glossary..............................................................inside back coverContact details.......................................................inside back coverannual report 2007