SAFETY

Safety is a core value of OneSteel. As such, safety underpins all of OneSteel’s activities.

The first policy to be issued by OneSteel was the Occupational Health and Safety Policy. This policy sets the foundation for our approach and commitment to Occupational Health and Safety (OHS).

OCCUPATIONAL HEALTH AND SAFETY POLICY

Corporate Objective
OneSteel is committed to achieving the highest performance in occupational health, safety and welfare. The business will create and maintain a safe and healthy working environment and safety culture in every OneSteel business. This will be achieved with ‘zero’ work-related incidents, injuries or illnesses to employees, contractors, labour hire employees and visitors to OneSteel managed sites, or members of the public in areas that may be directly affected by OneSteel’s operations.

Consistent with this the Company will:

Establish and monitor measurable objectives and targets to continually improve health and safety performance. This will take into account evolving community expectations, management practices, scientific knowledge, technology, and business structure.

Comply with applicable health and safety laws, regulations and standards and other relevant requirements. Where these do not exist, adopt and apply adequate standards that reflect the Company’s commitment to health and safety.

Manage risk by implementing systems to identify hazards, assess, control and monitor risk measures, and implement the appropriate mitigating actions, taking into account the variable nature of workplace activities and related health and safety risks.

Consult with and involve employees and contractors in the development of health and safety policies. This includes the setting of objectives and targets, the development of procedures and systems, and the decision making process regarding the management of risks in the workplace.

Inform OneSteel employees, contractors, labour hire employees and visitors to OneSteel managed sites of their obligations regarding this policy, to manage policy implementation, facilitate stakeholder understanding and be committed to continual policy maintenance and improvement.

Educate and appropriately train employees, contractors and labour hire employees to enable them to work safely, and assign appropriate responsibilities and accountabilities to these individuals.

Communicate openly on health and safety matters and disseminate health and safety information to employees, contractors, labour hire employees and visitors.

Monitor and review health and safety management performance and trends. This includes regularly auditing occupational health and safety management systems, to assess effective implementation and maintenance of the OHS Policy. This will assist in identifying and responding to further improvement opportunities.

Support relevant occupational health and safety research and initiatives.

Geoff Plummer
Managing Director and CEO
September 2010

SAFETY

Our goal is to establish a workplace free from injuries, incidents and illnesses. OneSteel’s Safety Principles outline the philosophy guiding OneSteel’s approach to safety. OneSteel demonstrates a strong commitment to Occupational Health and Safety, believing that all injuries, occupational illnesses and incidents are preventable. OneSteel will not compromise on safety.

The OneSteel Safety Principles

• All injuries can be prevented

• Working safely is a condition of employment

• Employee involvement is essential

• Management is accountable for safety

• All operating exposures can be safeguarded

• Training employees to work safely is essential.

OneSteel achieved a further overall improvement in its safety performance measures for the 2011 financial year due to an increased emphasis on driving safety improvements across the business and facilitating greater employee involvement in safety activities. The Lost Time Injury Frequency Rate (LTIFR) of 1.3 was a further 7% improvement from the prior year. The Medical Treatment Injury Frequency Rate (MTIFR) improved 24% to 6.3. (Both figures are inclusive of employees and contractors but exclude the acquired Moly-Cop Group.)

OneSteel’s LTIFR of 1.3 is well below the World Steel Association’s 2010 Safety Metrics Survey average of 3.25 for the five-year period from 2006 until 2010. OneSteel prides itself on its strong safety performance and will continue to drive towards goal zero.

Occupational Health and Safety plan and leadership

The role of management in the area of Occupational Health and Safety is to provide direction and drive improvement within the business to encourage all employees, contractors and visitors in working towards the goal of ZERO