Integrated report 2020
Exxaro report selector 2020
Exxaro Resources Limited
Integrated report 2020
REPORT SELECTOR
Exxaro is more than a mining company. Guided by our purpose – powering better lives in Africa and beyond – we are a critical part of the South African economy and strive to be an active participant on the just transition to a low-carbon economy.
Exxaro Resources Limited (Exxaro, the company or the group) is among the top five coal producers in South Africa. Since 2006, Exxaro has become one of South Africa's largest and foremost black-empowered and diversified mining companies.
The group is a constituent of the JSE Limited (JSE) Top 40 Index and among the top 30 in the FTSE/JSE Socially Responsible Investment Index. Exxaro is also proud to embrace the principles of the Task Force on Climate-related Financial Disclosures (TCFD).
Based on our position as a major coal supplier in South Africa, we understand the importance of being carbon-neutral and finally net zero carbon. Therefore, we have started incorporating renewable energy solutions into our existing portfolio to reach this milestone by 2050. To this end, Exxaro is pleased to announce the acquisition from Khopoli Investments Limited (Khopoli), wholly owned by Tata Power Company Limited (Tata), of Khopoli's 50% interest in Cennergi Proprietary Limited (Cennergi) for a cash consideration of R1 739 million (including price adjustments). As of 1 April 2020, Exxaro assumed 100% ownership of Cennergi.
Read more about what this acquisition means for Exxaro on Our environment: stewardship and compliance.
Our diversified asset portfolio comprises interests in renewable energy (wind) and thermal and metallurgical coal, and equity-accounted investments in iron ore, zinc and residual pigment manufacturing. Exxaro also has business interests globally in Europe (comprising a marketing and logistics office in Switzerland), the United States of America (USA) (through Tronox Holdings plc) which we disposed of in February 2021 and Australia (comprising a joint venture with Anglo Coal (Grosvenor Proprietary Limited) in the Moranbah coal mine).
| Mining operations: South Africa |
Location | Asset type |
|
| 1 | Belfast | South of Belfast | Mine |
| 2 | Dorstfontein complex (74%) | North-east of Kriel | Mine |
| 3 | Forzando complex (87%) | North of Bethal | Mine |
| 4 | Grootegeluk complex | West of Lephalale | Mine |
| 5 | Leeuwpan | South-east of Delmas | Mine |
| 6 | Mafube (50%) | East of Middelburg | Mine |
| 7 | Matla | West of Kriel | Mine |
| 8 | Tumelo (49%) | North-west of Hendrina | Mine |
| Australia | Location |
| Moranbah Project (50%) | Queensland |
| Renewable Energy: South Africa (Cennergi) | Location |
| Eastern Cape | |
| Amakhala Emoyeni windfarm | Cookhouse |
| Tsitsikamma Community windfarm | Tsitsikamma |
For more information see our coal asset base and our renewable energy operations.
