ABOUT SOUTHSTONE
Southstone Minerals Limited is a Canadian junior mining company. Southstone holds a majority interest in the Oena Diamond Mine, an alluvial diamond property located in the Northern Cape Province, South Africa that produces on average diamonds valued in excess of USD 1600 per carat with significant revenue from production of >10.8 carat high value special diamonds.
Southstone has a continued development plan in place to grow the business using the successful business model of the South African operations, an established market presence and its proven successful operational reputation in the precious stone mining sector in Africa.
MISSION
Our mission is to become one of the leading producers of diamonds in the junior mining sector, while maintaining value to our shareholders and stakeholders.
VISION
It is our focus to build on management’s years of technical and business acumen in order to acquire properties that demonstrate potential to host mineral deposits, to explore and develop properties into producing and profitable business units. In doing so, we ensure that we balance strong returns to our shareholders with our commitment to health and safety, environmental stewardship and social responsibility.
STRATEGY
We always think and act long term in the pursuit of excellence from the moment we identify a possible mining opportunity from its initial exploration phase all the way to a mine’s eventual closure. As a diversified mining group, we focus on acquiring and developing properties that show near-term cash flow potential.
MAINTAINING EFFECTIVE OPERATING TEAMS
Being inherently an entrepreneurial and interactive learning organization, we encourage innovative thinking and promote the development of new ideas on how to do things better. We are inspired by what we do and approach our work with energy and commitment. We value our people, the value of diversity, the need for a level of independence between projects and healthy competition between teams, while still developing and respecting our people as individuals and inputs as valuable team members.
PERFORMANCE ACCOUNTABILITY
We distinguish between the concept of responsibility and accountability in that we measure our performance on an ongoing basis, while delivering against targets as promised. We take ownership of our mistakes and actions to rectify our standing should the circumstance require us to do so.
COMMUNITY DEVELOPMENT
We recognise the importance of and are committed to employing, develop and training citizens wherever possible from communities localised in the country of operation. Dignity, respect and care for the prevailing culture, demographics, language and history impacts management decision-making processes, strategic implementation thereof and guides operating ethos.
GOING BEYOND COMPLIANCE
We are committed to the effective stewardship of all resources within our care, being either human, natural or financial. Concern for the welfare and acknowledgement of the rights of all interested and affected parties is a central feature in our operating philosophy. We recognize the need for operations to strike a balance within its economic means, considering environmental constraints and socio-economic impact of operations, while not compromising on safety and health responsibilities. To achieve this, we are committed to promoting and maintaining good working practice while safeguarding our employees, contractors and visitors to our operations.
LEAVING A POSITIVE LEGACY
We believe the way we act to day should positively influence our destiny of tomorrow. We are sensitive to the notion that we from part of a greater socio-economic biosphere and acknowledge the need to invest to ensure a positive operating legacy and sustainable return for all stakeholders.
SUSTAINABLE BUSINESS DEVELOPMENT
Our moral compass on issues pertaining to sustainability provides guidance to our corporate investment strategy, and considers our responsibility as a corporate citizen and our operations impact on the regulative environment, socio-economic as well as its immediate surroundings.