Minas-Rio Impairment Considerations and Project Delivery slide image

Minas-Rio Impairment Considerations and Project Delivery

IMPROVING PROJECT DELIVERY Efficiency Group reorganisation to allow Iron Ore Brazil (IOB) team to solely focus on Minas-Rio project delivery IOB organisation streamlined to focus on delivery and productivity Forward planning - solutions for rainy season, pre- assembling activities and monitoring the contractors activities closely Validated and developed a comprehensive work program to convert plans into timely actions ■ Licensing and Permitting Licence office established to monitor and track licences, permits and conditionings in advance of construction activities Government Relations strengthened Head of Government Relations appointed (extensive experience with government and multilateral institutions) Head of Licence Office appointed (12 years of experience working in the State environmental agency) ■ Monitoring and Governance Project Management Office implemented and integrated (reports directly to CEO of IOB) Early warning system to escalate risks and issues Clear accountability and responsibility incorporated into individuals performance targets Securing future capabilities Clear exploration and definition of a world class resource to support current development and future expansions Local employment (technical training in collaboration with Brazilian educational entities - SENAI) Social programmes to assure the social licence to operate (MOVER, PROMOVA) Future expansions will adopt the Anglo American Project Way 11
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