• The capitals
• Connectivity of information

Key observations:

Kumba Iron Ore highlights the interdependencies of its capitals, as part of its business model. For each of its six capitals, it highlights the necessary inputs, outlines the challenges in securing the inputs, evidences the actions it has taken, and evaluates whether the ensuing outcomes were positive, neutral or negative. Kumba Iron Ore uses page references so that readers can find greater detail about the relevant actions the company is taking, and uses statistics to evidence its outcomes. The capitals are logically presented, in line with paragraph 3.8 of the <IR> Framework, and recognise that the value created is determined by the company’s interactions with the resources and relationships that the business model depends on.