New approach to safety

2007 marked a turning point in our approach to safety. Our past and current number of fatalities and injuries is simply unacceptable. I strongly believe that optimally run businesses have good safety records.

We have launched a series of new initiatives to drive consistent safety messages and practices across our business.

We have shown that we are prepared to do what is necessary to meet this challenge head on by shutting down mine shafts where safety performance has not been up to standard, to retrain affected employees and to conduct a thorough investigation of operating conditions.

Significant progress was made between the first and second halves of the year and I expect our operations to build upon this momentum in 2008.

Delivering our strategic objectives