• The capitals
• Connectivity of information

Key observations:

The business model is explained with a clear reference to other parts of the report for more detailed information. The model mainly consists of capitals, systems to optimize the use of capitals and value delivery. Value delivery is uniquely divided into two dimensions – (i) transformation of capitals (business activities) and (ii) results (products).

Since the company's business relies heavily on mining reserves, the report identifies social and natural capitals as the critical capitals and source of risks and opportunities.

It also specifies the company's key aspects in sustaining this model. These key aspects are concisely summarized as integration to the group's value chain activities, employment of experience and technologies the best quality throughout the value chain, project success and risk management. Readers are guided to further information on these key areas as they read through the report.