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. ▇▇▇▇▇▇ 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. 6.1 Stakeholders The primary stakeholders are the Departments of Mineral Resources and Science & Technology. Users of financial statements: • Department of Mineral Resources • Department of Science & Technology • National Treasury • Banking institutions • South African Revenue Services • Suppliers and other creditors

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. 6.1 Stakeholders The primary stakeholders are the Departments of Mineral Resources and Science & Technology. Users of financial statements: • Department of Mineral Resources • Department of Science & Technology • National Treasury • Banking institutions • South African Revenue Services • Suppliers and other creditors

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. ▇▇▇▇▇▇ is managed by a CEO CEO, assisted by five General Managersfour 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, 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 Mintek▇▇▇▇▇▇’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. 6.1 Stakeholders The primary stakeholders are the Departments of Mineral Resources DMRE and Science & TechnologyDSI. Users of financial statements: • : i) Department of Mineral Resources • and Energy ii) Department of Science & Technology • and Innovation iii) National Treasury • iv) Banking institutions • South African Revenue Services • Suppliers and other creditorsinstitutions

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. 6.1 Stakeholders The primary stakeholders are the Departments of Mineral Resources and Science & Technology. Users of financial statements: •  Department of Mineral Resources •  Department of Science & Technology •  National Treasury •  Banking institutions •  South African Revenue Services •  Suppliers and other creditorscreditors Materiality refers to the extent or nature of a misrepresentation and/or omission of financial information which, individually or collectively, can, in the light of surrounding circumstances cause the judgment or decision of a reasonable person to be influenced by such misrepresentation and/or omission when making a decision on the basis of the said information. In addition to the overall quantitative materiality determined, all transactional items exceeding R50,000 in value which meet the necessary prerequisites for recognition as accruals at year-end, will be classified as such. Items less than R50,000 which meet the criteria will be considered on merit. Where it is too difficult to value small items, these will be regarded as immaterial. The overriding criteria, however, is that the aggregate of all such small items, individually judged to be immaterial, may not exceed 0.3% of Gross revenue. In addition, items that individually or collectively meet the definition of “significant” or “material”, as defined earlier in this framework will be considered separately for assessment of materiality and risk. The figure of R1.5million therefore, functions as a guideline to inform management in the overall consideration and management of risk.

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. 6.1 Stakeholders The primary stakeholders are the Departments of Mineral Resources and Science & Technology. Users of financial statements: • Department of Mineral Resources • Department of Science & Technology • National Treasury • Banking institutions • South African Revenue Services • Suppliers and other creditors