Code of ethics

Palabora has developed and promulgated a formal written code of ethics. The code has been circulated throughout the company to provide employees with a clear guide on the conduct expected of them in their dealings with each other and the company's stakeholders. All employees are required to maintain the highest ethical standards to ensure that Palabora's business practices are conducted in accordance with the highest levels of integrity in dealing with all stakeholders, including its shareholders, directors, managers, employees, customers, suppliers and society at large.