Common use of Control Environment Clause in Contracts

Control Environment. The Board of Directors consists of independent non-executive members who are appointed by the Minister of Mineral Resources. The Audit and Risk Committee consists of some Board members and two independent non- Board members. Mintek is managed by a CEO assisted by five General Managers, who together make up the Executive Management team. Mintek maintains a system of internal controls designed to provide reasonable assurance as to the integrity and reliability of its financial statements, to safeguard its assets and to minimise the risk of fraud. In terms of the Audit Committee charter, the Audit and Risk Committee reviews the effectiveness of the system of internal controls. A Risk Steering Committee assists in reviewing the risk management process and significant risks facing the organisation. In terms of the Risk Management Framework, this review is delegated to the CEO. The Internal Audit function is established and operational. The performance of the Internal Audit function is subject to evaluation by the Audit and Risk Committee, in terms of the Audit and Risk Committee and Internal Audit charters. Additionally, the Audit and Risk Committee reviews and approves the Internal Audit charter, internal audit plans and ongoing internal audit reports on the effectiveness of Mintek’s internal controls. Although Mintek is an entity within the Department of Mineral Resources (DMR), it is also accountable to the Department of Science & Technology (DST) for its Research and Development (R&D) and technology related activities. Strategic goals encompassing economic, technical, social and environmental objectives, determined by the Government and DMR, provide Mintek with a basis for evaluating its activities. These criteria are, therefore, also used in the assessment of significant risks facing Mintek.

Control Environment. The Board of Directors consists of independent non-executive members who are appointed by the Minister of Mineral Resources. The Audit and Risk Committee consists of some Board members and two independent non- non-Board members. Mintek is managed by a CEO assisted by five General Managers, who together make up the Executive Management team. Mintek maintains a system of internal controls designed to provide reasonable assurance as to the integrity and reliability of its financial statements, to safeguard its assets and to minimise minimize the risk of fraud. In terms of the Audit Committee charter, the Audit and Risk Committee reviews the effectiveness of the system of internal controls. A Risk Steering Committee assists in reviewing the risk management process and significant risks facing the organisationorganization. In terms of the Risk Management Framework, this review is delegated to the CEO. The Internal Audit function is established and operational. The performance of the Internal Audit function is subject to evaluation by the Audit and Risk Committee, in terms of the Audit and Risk Committee and Internal Audit charters. Additionally, the Audit and Risk Committee reviews and approves the Internal Audit charter, internal audit plans and ongoing internal audit reports on the effectiveness of Mintek’s Mintek‟s internal controls. Although Mintek is an entity within the Department of Mineral Resources (DMR), it is also accountable to the Department of Science & Technology (DST) for its Research and Development (R&D) and technology related activities. Strategic goals encompassing economic, technical, social and environmental objectives, determined by the Government and DMR, provide Mintek with a basis for evaluating its activities. These criteria are, therefore, also used in the assessment of significant risks facing Mintek.

Control Environment. The Board of Directors consists of independent non-executive members who are appointed by the Minister of Mineral Resources. The Audit and Risk Committee consists of some Board members and two independent non- non-Board members. Mintek Xxxxxx is managed by a CEO CEO, assisted by five General Managersfour general managers, who – together – make up the Executive Management team. Mintek Xxxxxx maintains a system of internal controls designed to provide reasonable assurance as to the integrity and reliability of its financial statements, statements to safeguard its assets and to minimise the risk of fraud. In terms of the Audit Committee charterCharter, the Audit and Risk Committee reviews the effectiveness of the system of internal controls. A Risk Steering Committee assists in reviewing the risk management process and significant risks facing the organisation. In terms of the Risk Management Framework, this review is delegated to the CEO. The Internal Audit internal audit function is established and operational. The performance of the Internal Audit internal audit function is subject to evaluation by the Audit and Risk Committee, in terms of the Audit and Risk Committee and Internal Audit charters. Additionally, the Audit and Risk Committee reviews and approves the Internal Audit charterCharter, internal audit plans and ongoing internal audit reports on the effectiveness of MintekXxxxxx’s internal controls. Although Mintek is an entity within the Department of Mineral Resources (DMR)DMRE, it is also accountable to the Department of Science & Technology (DST) DSI for its Research R&D and Development (R&D) and technology technology-related activities. Strategic goals encompassing goals, which encompass economic, technical, social and environmental objectives, objectives determined by the Government government and DMRDMRE, provide Mintek with a basis for evaluating its activities. These criteria are, therefore, also used in the assessment of significant risks facing Mintek.

Control Environment. The Board of Directors consists of independent non-executive members who are appointed by the Minister of Mineral Resources. The Audit and Risk Committee consists of some Board members and two independent non- Board members. Mintek is managed by a CEO assisted by five General Managers, who together make up the Executive Management team. Mintek maintains a system of internal controls designed to provide reasonable assurance as to the integrity and reliability of its financial statements, to safeguard its assets and to minimise the risk of fraud. In terms of the Audit Committee charter, the Audit and Risk Committee reviews the effectiveness of the system of internal controls. A Risk Steering Committee assists in reviewing the risk management process and significant risks facing the organisation. In terms of the Risk Management Framework, this review is delegated to the CEO. The Internal Audit function is established and operational. The performance of the Internal Audit function is subject to evaluation by the Audit and Risk Committee, in terms of the Audit and Risk Committee and Internal Audit charters. Additionally, the Audit and Risk Committee reviews and approves the Internal Audit charter, internal audit plans and ongoing internal audit reports on the effectiveness of Mintek’s internal controls. Although Mintek is an entity within the Department of Mineral Resources and Energy (DMRDMRE), it is also accountable to the Department of Science & Technology Innovation (DSTDSI) for its Research and Development (R&D) and technology related activities. Strategic goals encompassing economic, technical, social and environmental objectives, determined by the Government and DMRDMRE, provide Mintek with a basis for evaluating its activities. These criteria are, therefore, also used in the assessment of significant risks facing Mintek.