About Exxaro

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. 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 (excluding price adjustments). As of 1 April 2020, Exxaro therefore assumed 100% ownership of Cennergi.

Read more about what this acquisition means for Exxaro here.

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