Exxaro

Last updated

Exxaro Resources
Type Public
JSE: EXX
IndustryMining
FounderUnbundling of Kumba Resources, merged with Eyesizwe Coal and Namakwa Sands
Headquarters,
Key people
Geoffrey Qhena (Chairman)
Dr Nombasa Tsengwa (CEO)
PA Koppeschaar (CFO)
ProductsCoal products and Energy
RevenueIncrease2.svg R 32 771 billion [1]  (2021)
Increase2.svg R 7 460 billion [2]  (2021)
Increase2.svg R 16 373  billion [3]  (2021)
Total assets Increase2.svg R 75 717 1 billion [4]  (2021)
Total equity Increase2.svg R 50 098 billion [5]  (2021)
Number of employees
6648 (2016)
Website www.exxaro.com

Exxaro Resources Limited (Exxaro, the company or the group) is a South Africa-based diversified resources company with a coal business and acquisitive growth prospects[ clarification needed ] in minerals and energy. [6]

Exxaro is among the top five coal producers in South Africa. [7]

The company is listed on the Johannesburg Stock Exchange and at 31 December 2021, had assets of R75.7 billion [8] and a market capitalisation of R53.4 billion. Exxaro Resources Ltd has been approved for a secondary listing on A2X Markets on Thursday, 2 April 2020. [9]

Background

The company was formerly known as Kumba Resources Limited and changed its name to Exxaro Resources Limited in November 2006. Exxaro Resources Limited is a subsidiary of Main Street 333 Proprietary Limited. [10]

Exxaro Resources announced in October 2012 plans for a "mine of the future" concept. The mine targets zero waste emissions, zero effluent, wash-to-zero and sustainable engineering. [11]

Related Research Articles

<span class="mw-page-title-main">BHP</span> Australian multinational mining and petroleum company

BHP Group Limited is an Australian multinational mining, metals, and natural gas petroleum public company headquartered in Melbourne, Victoria, Australia.

<span class="mw-page-title-main">Steel Authority of India</span> Central Public Sector Undertaking

Steel Authority of India Limited (SAIL) is a central public sector undertaking based in New Delhi, India. It is under the ownership of the Ministry of Steel, Government of India with an annual turnover of 105,398 crore (US$13 billion) for the fiscal year 2022-23. Incorporated on 24 January 1973, SAIL has 59,350 employees. With an annual production of 18.29 million metric tons, It is the largest government owned steel producer. The hot metal production capacity of the company will further increase and is expected to reach a level of 50 million tonnes per annum by 2025.

<span class="mw-page-title-main">Brookfield Corporation</span> Asset management company based in Toronto, Canada

Brookfield Corporation is a Canadian multinational company that is one of the world's largest alternative investment management companies, with over US$725 billion of assets under management in 2022. It focuses on direct control investments in real estate, renewable power, infrastructure, credit and private equity. The company invests in distressed securities through Oaktree Capital, which it bought in 2019. Brookfield's headquarters are in Toronto. It also has corporate offices in New York City, London, São Paulo, Mumbai, Shanghai, Dubai, and Sydney.

Anglo American plc is a British listed multinational mining company with headquarters in London, England. It is the world's largest producer of platinum, with around 40% of world output, as well as being a major producer of diamonds, copper, nickel, iron ore, polyhalite and steelmaking coal. The company has operations in Africa, Asia, Australia, Europe, North America and South America.

<span class="mw-page-title-main">Teck Resources</span> Natural resources company

Teck Resources Limited, known as Teck Cominco until late 2008, is a diversified natural resources company headquartered in Vancouver, British Columbia, that is engaged in mining and mineral development, including coal for the steelmaking industry, copper, zinc, and energy. Secondary products include lead, silver, gold, molybdenum, germanium, indium and cadmium. Teck Resources was formed from the amalgamation of Teck and Cominco in 2001.

<span class="mw-page-title-main">Coal India</span> Government owned coal producer in India

Coal India Limited (CIL) is an Indian central public sector undertaking under the ownership of the Ministry of Coal, Government of India. It is headquartered at Kolkata. It is the largest government-owned-coal-producer in the world. It is also the seventh largest employer in India with nearly 272,000 employees.

<span class="mw-page-title-main">Hub Power Company</span> Electric power company in Pakistan

Hub Power Company Limited, colloquially known as HUBCO, is the first and largest Pakistani Independent Power Producer (IPP) with a combined installed power generation capacity of 3250 MW.

<span class="mw-page-title-main">Adani Group</span> Indian multinational conglomerate

Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include port management, electric power generation and transmission, renewable energy, mining, airport operations, natural gas, food processing and infrastructure.

Glencore plc is a Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland. Glencore's oil and gas head office is in London and its registered office is in Saint Helier, Jersey. The current company was created through a merger of Glencore with Xstrata on 2 May 2013. As of 2015, it ranked tenth in the Fortune Global 500 list of the world's largest companies. In the 2020 Forbes Global 2000, Glencore International was ranked as the 484th-largest public company in the world. As of July 2022, it is the world's largest commodity trader.

Iron ore production in Africa is dominated by South Africa, Mauritania and Algeria. Many countries possess iron ore deposits that are as yet untapped/unmined. Countries and companies currently involved in production are listed here; measurements are in tonnes per annum(year).

Shenhua Group Corporation Limited was a Chinese state-owned mining and energy company. Shenhua Group was founded in October 1995 under the auspices of the State Council of the People's Republic of China. It was the largest coal-producing company in China. In 2014 Shenhua Group produced 437 million tonnes of coal and sold 588 million tonnes of coal. In 2014, Shenhua Group's revenue was 328.6 billion yuan, and the company ranked 196th in the Global Fortune 500. The same year the Shenhua Group's profit was 64 billion yuan. On August 28, 2017, SASAC announced that China Guodian Corporation and Shenhua Group would be jointly restructured, with Shenhua Group becoming China Energy Investment Corporation and absorbing China Guodian Corporation.

Arch Resources, previously known as Arch Coal, is an American coal mining and processing company. The company mines, processes, and markets bituminous and sub-bituminous coal with low sulfur content in the United States. Arch Resources is the second-largest supplier of coal in the United States, behind Peabody Energy. As of 2011 the company supplied 15% of the domestic market. Demand comes mainly from generators of electricity.

The mineral industry of Mozambique plays a significant role in the world's production of aluminium, beryllium, and tantalum. In 2006, Mozambique's share of the world's tantalum mine output amounted to 6%; beryllium, 5%; and aluminium, 2%. Other domestically significant mineral processing operations included cement and natural gas.

<span class="mw-page-title-main">STANLIB</span> Financial services provider

STANLIB is a South African asset manager based in Melrose Arch, Johannesburg which is a wholly owned subsidiary of JSE-listed Liberty Holdings Limited. STANLIB operates in nine African countries, and in key developed markets globally. The company was formed in 2002 when Liberty Asset Management (LIBAM) and Standard Corporate and Merchant Bank Asset Management merged. Both of these companies at the time were subsidiaries of Liberty Holdings and Standard Bank respectively. It is the biggest unit trust company by market share, managing capital for over 400,000 clients. It runs the oldest existing unit trust in South Africa which was developed by Liberty. STANLIB manages and administers R608 billion assets for more than 500,000 retail and institutional clients.

Kumba Iron Ore is an iron-ore mining company in South Africa. It is the fifth largest iron-ore producer in the world and the largest in Africa.

<span class="mw-page-title-main">Linc Energy</span>

Linc Energy was an Australian energy company that specialised in coal-based synthetic fuel production, as well as conventional oil and gas production. It was engaged in development and commercialisation of proprietary underground coal gasification technology. Produced gas was used for production of synthetic fuel through gas-to-liquid technology, and was also used for power generation. The company had its headquarters in Brisbane, Queensland.

<span class="mw-page-title-main">JSW Steel</span> Indian multinational steel company

JSW Steel Limited is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group. After the merger of Bhushan Power & Steel, Ispat Steel and Jindal Vijayanagar Steel Limited, JSW Steel became India's second largest private sector steel company.

The Grootegeluk Coal Mine is an open cast coal mine within the Waterberg Coalfield of the Limpopo province of South Africa. It is operated by Exxaro. The mine is 25 kilometres (16 mi) from Lephalale, and employs 2,000 people.

<span class="mw-page-title-main">Sibanye-Stillwater</span> The largest individual producer of gold from South Africa

Sibanye-Stillwater is a multinational mining and metals processing Group with a diverse portfolio of mining and processing operations and projects and investments across five continents. The Group is also one of the foremost global PGM auto catalytic recyclers and has interests in leading mine tailings retreatment operations.

The Exxaro Solar Power Station, also Lephalale Solar Power Station, is a planned 80 MW (110,000 hp) solar power plant in South Africa. The solar farm is under development by Cennergi, a subsidiary of Exxaro Resources Limited, a South African multinational mining group, active in Africa, Asia, Australia and Europe. The energy generated here will be sold to Exxaro Coal Plc, for use in their coal mine at Grootegeluk, under a long-term power purchase agreement (PPA), between the two Exxaro subsidiaries. The expected benefits to the group include (a) reduction of the group's carbon footprint (b) financial savings on energy acquisition and utilization and (c) to provide green, secure and sustainable electricity for mine operations at Grootegeluk Coal Mine.

References

  1. "Exxaro Resources Integrated Report 2021". Exxaro Resources Integrated Report 2021.
  2. "Exxaro Resources Integrated Report 2021". Exxaro Resources Integrated Report 2021.
  3. "Exxaro Resources Integrated Report 2021". Exxaro Resources Integrated Report 2021.
  4. "Exxaro Resources Integrated Report 2021". Exxaro Resources Integrated Report 2021.
  5. "Exxaro Resources Integrated Report 2021". Exxaro Resources Integrated Report 2021.
  6. "Exxaro Resources Integrated Report 2021". Exxaro Resources Integrated Report 2021.
  7. "Exxaro Resources Limited – Integrated report 2021 | About Exxaro". investor.exxaro.com. Retrieved 13 December 2022.
  8. "Exxaro Resources Limited – Integrated report 2021 | About Exxaro". investor.exxaro.com. Retrieved 14 December 2022.
  9. Publications, Crown (25 March 2020). "Exxaro to list on A2X". www.crown.co.za. Retrieved 15 December 2022.
  10. "Exxaro Resources Ltd", Bloomberg BusinessWeek , United Kingdom, 2012, archived from the original on 18 January 2013, retrieved 24 October 2012
  11. 'Mine of future' launch set for November, South Africa: Mining Weekly, 2012, retrieved 24 October 2012