Exxaro

Exxaro Resources

Company type	Public
Traded as	JSE: EXX
Industry	Mining
Founder	Unbundling of Kumba Resources, merged with Eyesizwe Coal and Namakwa Sands
Headquarters	Centurion, Gauteng (City of Tshwane Metropolitan Municipality) , South Africa
Key people	Geoffrey Qhena (Chairman), Bennetor Magara (CEO), PA Koppeschaar (CFO)
Products	Coal products and Energy
Revenue	R 32 771 billion [1]  (2021)
Operating income	R 7 460 billion [2]  (2021)
Net income	R 16 373  billion [3]  (2021)
Total assets	R 75 717 1 billion [4]  (2021)
Total equity	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 that primarily produces coal. ^[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]

In 2019, the company moved to their new head office, in Centurion. This building was designed with a 5 star energy rating and is named the conneXXion (cXX).

Operations

Exxaro as at 2025 has the following operating mines:

• Grootegeluk - thermal (domestic and export), metallurgical and semi soft coking coal
• Leeuwpan - thermal (domestic and export), metallurgical coal
• Belfast - thermal (domestic and export), metallurgical coal
• Matla - tied colliery (with Eskom) providing thermal coal
• Mafube - JV colliery with Thungela providing thermal (domestic and export), metallurgical coal

Exxaro as at 2025 has the following equity investments:

• Kumba Iron Ore - 26% equity in Sishen Iron Ore Company (SIOC)
• Black Mountain - 25% equity in Black Mountain Lead Zinc Mine (Vedenta)

Exxaro also owns Cennergi - its own renewable company. Exxaro Cennergi's primary assets are its renewable energy facilities, which include operational wind farms in the Eastern Cape (Tsitsikamma and Amakhala Emoyeni), a solar power project (LSP) under development, and a new wind farm (Karreebosch) also under construction, supported by partnerships and project financing. Cennergi also offers asset management services for renewable energy projects.

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