The Belfast mine in Mpumalanga is under construction. This R3,3 billion development is the latest high-value-add coal mine under Exxaro’s stewardship. Belfast will ensure a thriving coal business in the region and Exxaro’s sustainability through strategic portfolio growth
The R4,8 billion expansion of the Grootegeluk complex, the GG6 beneficiation plant, will ensure increased throughput and enhanced processing efficiencies to ram-pup export coal production at this important site. The project aims to triple the capacity of the current GG6 plant, producing semi-soft coking coal suitable for the export market, as well as power station coal
In 2016, Dorstfontein West underground achieved its highest annual production of 1 062kt run-of-mine (ROM) per annum in its 18 years of operation. It broke this record in 2017 by producing 1 079kt ROM
Exxaro Resources continuously strives to enhance the level of estimation and reporting of mineral resources and reserves. The group is committed to the principles of transparency, materiality and competency in reporting its mineral resources and ore reserves.
The information in this report is aligned with the JSE Listings Requirements (section 12) and encapsulates information on reporting governance, competence, tenure, risk, liabilities and assurance as well as auxiliary descriptions of applicable projects, operations and exploration activities.
Mineral resources and ore reserves were estimated by competent persons on an operational or project basis and in accordance with the South African Code for Reporting of Exploration Results, Mineral Resources and Mineral Reserves, 2016 edition (SAMREC Code 2016) for African properties, except for Vedanta’s property, and the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 edition (JORC Code) for Australian and Vedanta’s properties.
For coal resources and reserves under Exxaro’s management control, estimation is in line with the South African National Standard: South African guide to the systematic evaluation of coal resources and coal reserves (SANS 10320:2004).
Resource and reserve estimates are quoted in full, irrespective of Exxaro shareholding.
Exxaro reports mineral estimates that are directly under its management control and includes estimates for entities in which we hold a 25% interest or more. Supplementary descriptions are provided for projects and operations directly under our management control. For projects and operations included in the Exxaro mineral resource and ore reserve statement but in which Exxaro does not have management control, the reader is referred to that company’s website, shown below, for supplemental information. This approach ensures maximum compliance to the principles of materiality and transparency.
Anglo American Coal operations and projects:
Kumba Iron Ore:
Vedanta Resources plc base metal operations and projects: http://www.vedantaresources.com/investor-relations/
CERTIFICATE BY GROUP COMPANY SECRETARY
In terms of section 88(2)(e) of the Companies Act 71 of 2008, as amended (Companies Act), I, Saret van Loggerenberg, in my capacity as group company secretary and legal, confirm that, to the best of my knowledge, for the year ended 31 December 2017, Exxaro Resources Limited (Exxaro) has filed with the Companies and Intellectual Property Commission all such returns and notices as required of a public company in terms of the Companies Act and that all such returns and notices appear to be true, correct and up to date.
SE van Loggerenberg
Group company secretary
7 April 2017
The Exxaro lead competent persons are appointed by the Exxaro executive management team.
The Exxaro lead mineral resource competent person is Henk Lingenfelder, a member of the Geological Society of South Africa and registered (400038/11) with the South African Council for Natural Scientific Professions. He has a BSc (hons) in geology and 22 years of experience as a geologist in coal, iron ore and industrial minerals.
The person in Exxaro designated to take corporate responsibility for mineral resources, Henk Lingenfelder, the undersigned, has reviewed and endorsed the reported estimates.
BSc geology (hons)
Pr Sci Nat (400038/11)
Group manager geoscience
Roger Dyason Road
The address for South African Council for Natural Scientific
Private bag x540
The Exxaro lead ore reserve competent person is Chris Ballot, a mining engineer registered (20060040) with the Engineering Council of South Africa. He has 21 years of experience in iron ore, mineral sands and coal in various technical and management roles. His qualifications include BEng (mining), GDE and MBA.
The person in Exxaro designated to take corporate responsibility for ore reserves, C Ballot, the undersigned, has reviewed and endorsed the reported estimates.
Manager mining processes
Roger Dyason Road
The address for Engineering Council of South Africa:
Private bag x691
Both parties are in the full-time employment of Exxaro, Mr Lingenfelder as the group manager geosciences and Mr Ballot as the group manager mining. Both parties have consented to the inclusion of resources and reserves estimates in the integrated annual report 2017.
We continuously strive to unlock maximum value within our valuable mineral resources and mineral reserves
|Grootegeluk||Thermal coal||20 616||23 405|
|Grootegeluk||Metallurgical coal||1 985||2 132|
|Matla||Thermal coal||7 900||7 400|
|ECC||Thermal coal||3 904||4 060|
|Leeuwpan||Thermal coal||3 774||3 355|
|NBC||Thermal coal||2 857||2 963|
|Mafube||Thermal coal||1 760||1 660|