Failure to comply with the International Maritime Solid Bulk Cargoes (IMSBC) code for the safe transportation of solid bulk cargoes which have a potential to liquefy, poses a material risk as the impact could be a loss of cargo, vessel and ultimately, seafarer lives.

To mitigate this risk, we conduct an annual assessment of our moisture management procedures and we implement the necessary controls to ensure that our products will not liquefy when on board a vessel.

Our Marketing team regularly participate in the International Maritime Organisation sub-committee meetings on carriage of cargoes and containers.

Extensive test work conducted on the silicomanganese we produce has revealed that the product is not classified as a dangerous good in accordance with the International Maritime Dangerous Goods code, nor as a material hazardous only in bulk in accordance with the IMSBC code.

As such, we have taken the industry lead and worked closely with the Australian Maritime Safety Authority and amended the IMSBC code to include a new individual schedule for the shipping of a nonhazardous silicomanganese product.

We also took part in a global industry initiative that developed a new transportable moisture limit (TML) test method for bauxite. This new TML test method will be included in the next version of the IMSBC code to be published in 2019.