Latest Press Releases

Exxaro strengthens diversification, acquires portfolio of assets in Manganese

Press Release • 13 May 2025

Exxaro strengthens diversification, acquires portfolio of assets in Manganese

Exxaro strengthens diversification, acquires portfolio of assets in Manganese Exxaro Resources Limited (“Exxaro”) is pleased to announce its acquisition in a portfolio of manganese assets strategically located within the globally significant Kalahari Manganese Field (KMF) in South Africa’s Northern Cape province. This investment marks a significant milestone in our strategic journey – anchored in our strong coal resources, we are transitioning into a diversified minerals and energy-solutions business.

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Exxaro’s Strategic Investment in Manganese Unlocks Growth and Local Opportunities

Press Release • 13 May 2025

Exxaro’s Strategic Investment in Manganese Unlocks Growth and Local Opportunities

Exxaro’s Strategic Investment in Manganese Unlocks Growth and Local Opportunities Exxaro Resources Limited (“Exxaro”) is pleased to announce its acquisition in a portfolio of manganese assets strategically located within the globally significant Kalahari Manganese Field (KMF) in South Africa’s Northern Cape province. This investment marks a significant milestone in our strategic journey – anchored in our strong coal resources, we are transitioning into a diversified minerals and energy-solutions business.

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Exxaro and Eskom sign agreement to explore reducing carbon emissions, improving air quality and ensuring a just transition to a low-carbon economy

Press Release • 14 Apr 2025

Exxaro and Eskom sign agreement to explore reducing carbon emissions, improving air quality and ensuring a just transition to a low-carbon economy

Exxaro Resources and Eskom today signed a Memorandum of Understanding (MoU) that focuses on collaboration on strategic initiatives, research, and projects in the areas of Carbon Emissions Reduction, Air Quality and Just Transition. This is consistent with South Africa’s commitment to achieving the goals of the Paris Agreement, international environmental standards, and national regulatory frameworks.The agreement focuses on jointly measuring, managing, and reducing Scope 1, 2, and 3 emissions, and potentially investing in innovative technologies to drive decarbonisation. It also emphasises

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Exxaro delivers on guidance, achieving exceptional export performance, improves safety performance, and maintains superior shareholder returns

Press Release • 13 Mar 2025

Exxaro delivers on guidance, achieving exceptional export performance, improves safety performance, and maintains superior shareholder returns

Exxaro’s performance for the 2024 financial year demonstrated resilience and continued operational excellence. Our net cash position increased to R16.3bn (excluding Energy’s net debt) by the end of 2024, compared to R14.8bn at the end of 2023. As such the Board resolved to embark on a share repurchase programme of R1.2 billion subject to the prevailing market conditions and JSE Listings Requirements. The Board approved a gross final cash dividend of R8.66 per share, for the year ended 31 December 2024. Additionally, the Board approved a R1.2 billion share repurchase programme, subject to prevailing market conditions and JSE Listings Requirements.

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Appointment of Ben Magara as new chief executive officer of Exxaro

Press Release • 13 Mar 2025

Appointment of Ben Magara as new chief executive officer of Exxaro

Following an expedited and targeted selection process, the board of directors of Exxaro (“Board”) is pleased to announce the appointment of Mr Bennetor (“Ben”) Magara as the incoming CEO, effective 1 April 2025. Ben will succeed Acting CEO, Mr Riaan Koppeschaar, who will continue in his role as Finance Director.Ben is a qualified Mining Engineer and highly regarded mining veteran with over 35 years’ industry experience in both soft and hard rock mining at underground and open pit operations. He is renowned for driving operational excellence and providing strategic leadership at multiple large mining operations from his early days at Anglo American Coal and most recently, and notably, the stabilisation, restructuring, and turnaround of Lonmin Plc and its subsequent disposal

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Exxaro’s 2024 Financial Results prove that sustainable impact is truly at the core of the business

Press Release • 12 Mar 2025

Exxaro’s 2024 Financial Results prove that sustainable impact is truly at the core of the business

Exxaro Resources, South Africa’s black empowered diversified minerals and energy solutions business released its full-year financial results for the year ended 31 December 2024. Despite the challenging operational landscape and market conditions, the performance demonstrates resilience in a dynamic industry, reinforcing commitment to the group’s strategic objectives as well as value creation for stakeholders. Some of the highlights include 28 consecutive months without work related fatalities and improving lost time injury frequency rate. This demonstrates Exxaro’s effective safety strategy and dedication of all employees to towards reaching our goal of Zero-Harm. Exxaro Resources, South Africa’s black empowered diversified minerals and energy solutions business

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Exxaro’s energy solutions business, Cennergi in partnership with G7 Renewable Energies concludes a 20-year Power Purchase Agreement (PPA) to supply 140MW wind power to Northam Platinum

Press Release • 19 Feb 2025

Exxaro’s energy solutions business, Cennergi in partnership with G7 Renewable Energies concludes a 20-year Power Purchase Agreement (PPA) to supply 140MW wind power to Northam Platinum

Cennergi Holdings Ltd (Cennergi), a wholly owned subsidiary of Exxaro Resources Limited, in partnership with G7 Renewable Energies (G7) has successfully achieved financial close on the 140MW Karreebosch Wind Farm (RF) (Pty) Ltd (Karreebosch), marking a significant milestone in South Africa’s renewable energy landscape.Karreebosch, owned 80% by Cennergi and 20% by G7, is located between the towns of Sutherland in the Northern Cape and Matjiesfontein in the Western Cape. The wind farm will supply clean electricity to Northam Platinum’s

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Exxaro kicks of 2025 with investment in quality education with new classrooms and school hall at Nelsonskop Primary School in Lephalale, Limpopo

Press Release • 17 Jan 2025

Exxaro kicks of 2025 with investment in quality education with new classrooms and school hall at Nelsonskop Primary School in Lephalale, Limpopo

Exxaro Resources handed over a school hall and four (4) classrooms to Nelsonskop Primary School near its flagship site, Grootegeluk Mine in Lephalale, Limpopo. This project forms part of the organisation’s Social and Labour Plan (SLP) commitment, as well as its ongoing efforts to uplift and empower host communities by addressing critical gaps in line with its social impact pillars. The Nelsonskop Project, which valued at over R7 million represents a significant investment in the future of our youth and is expected to create new opportunities for quality education and community development in our Lephalale sphere of influence. Additionally this structural development, aimed towards

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Exxaro Remains Resilient, With A Strong Balance Sheet Despite Volatile Markets

Press Release • 15 Aug 2024

Exxaro Remains Resilient, With A Strong Balance Sheet Despite Volatile Markets

Exxaro, South Africa’s black empowered diversified minerals and energy solutions business released its half year results ended 30 June 2024, with the highlights including coal export sales of 3.2 million tonnes and a price realisation of 95% in line with our target. The group’s performance shows a continued resilience and flexibility to respond with agility to a volatile market. The company announced that it is still within its 2024 market guidance and maintains its R12 – R15 billion cash book and the board has approved an interim dividend of R7.96 per share. Exxaro’s Chief Executive Officer, Dr Nombasa Tsengwa said, “Our half year results demonstrate that our business performance continues to be resilient despite volatile markets locally and globally. Our Market-to-Resource optimisation strategy continues

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Exxaro, the Agricultural Research Commission (ARC), and the EKIM Wildlife Centre of Excellence Collaborate to Combat Climate Change

Press Release • 15 Jul 2024

Exxaro, the Agricultural Research Commission (ARC), and the EKIM Wildlife Centre of Excellence Collaborate to Combat Climate Change

Exxaro Resources the Agricultural Research Council (ARC) and the EKIM Wildlife Centre of Excellence this morning announced the signing of a Memorandum of Understanding (MoU) that strengthens a shared commitment to combating climate change and promoting sustainable development. This collaboration marks a significant step in leveraging research, innovation, and strategic initiatives to address the pressing challenges posed by climate change. At the heart of this collaboration is a mutual dedication to Environmental, Social, and Governance [(ESG)][1] principles. The MoU outlines the organisations’ joint efforts to align their company initiatives with the UN Sustainable

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Exxaro’s Executive Head for Stakeholder Affairs - Mzila Mthenjane appointed the Board Chairman for Impact Catalyst

Press Release • 26 Apr 2022

Exxaro’s Executive Head for Stakeholder Affairs - Mzila Mthenjane appointed the Board Chairman for Impact Catalyst

Exxaro has welcomed the appointment of its Executive Head for Stakeholder Affairs, Mzila Mthenjane as Chairman of the Board for the Impact Catalyst. The [Impact Catalyst][1] is an initiative that aims to create mechanisms that drive large-scale, socio-economic development initiatives through public-private partnerships. Founded in 2019 by Anglo American, Exxaro, the CSIR, World Vision South Africa. State-owned development finance institution (IDC) also joined in June 2021. And as a result of the increased partnerships – the Impact Catalyst has been able to respond to local sustainable development challenges in order to achieve the scale, speed, and impact necessary, in an integrated

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Exxaro launches the gender-based violence & femicide 100 day challenge

Press Release • 20 Apr 2022

Exxaro launches the gender-based violence & femicide 100 day challenge

Exxaro Resources has launched the Gender Based Violence and Femicide (GBVF) 100-Day Challenge, alongside the Presidency and the Minerals Council of South Africa (MCSA). This campaign, which will run between April to June 2022, is meant to encourage employees and employers to create a safer environment for women in the workplace. The Exxaro workforce were addressed by Tamara Braam, the Deputy Director General (DDG) at the Office of the Presidency responsible for the National Strategy Plan for GBVF; Dr Thuthula Balfour, the Head of Health from MCSA; Exxaro’s Vanisha Balgobind the Executive Head of Human Resources; and Exxaro’s Ronaldt Mafoko, General Manager of Grootegeluk Mine. In her address, Balgobind stated GBV is a human rights

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Exxaro and GIBS EDA are proud to present the first graduation ceremony for Contractor Development Programme cohorts

Press Release • 19 Apr 2022

Exxaro and GIBS EDA are proud to present the first graduation ceremony for Contractor Development Programme cohorts

Exxaro and the Gordon Institute of Business Science (GIBS) Entrepreneurship Development Academy ([EDA][1]) are proud to announce the first graduation ceremony for the Contractor Development Programme cohorts, which occurred on 12 April 2022. In November 2020, Exxaro, one of South Africa's largest black-empowered, diversified mining and renewable energy solutions companies, launched the Contractor Development Programme in partnership with the GIBS EDA, which was launched in 2012. The academy’s goal is to build an entrepreneurial spirit amidst a culture of innovation and social change.

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Historic return of rhinos to Mozambique

Press Release • 18 Apr 2022

Historic return of rhinos to Mozambique

The Governments of Mozambique and South Africa are pleased to announce the planned reintroduction of rhinos to Zinave National Park in 2022. After becoming locally extinct more than 40 years ago, diversified resources company Exxaro Resources, is spearheading a project to reintroduce both the critically endangered black rhino and the near threatened white rhino to the park. Zinave, which is co-managed between Mozambique’s National Administration for Conservation Areas (ANAC) and Peace Parks Foundation, will not only host the first founder population of both rhino species in a national park in Mozambique, but is also set to become the first “big five” national park in the country. In 2002, the Governments of Mozambique, South Africa and Zimbabwe entered into a Treaty to establish the Great

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Exxaro Holds Sustainability Summit Amidst 5 Fatality Free Years Milestone

Press Release • 11 Apr 2022

Exxaro Holds Sustainability Summit Amidst 5 Fatality Free Years Milestone

Empowered diversified mining and renewable energy solutions company Exxaro Resources held its annual Sustainability Summit today in Middelburg, Mpumalanga Province. The Sustainability Summit served as both an educational and celebratory event, highlighting the performance of the business within the sustainability areas of safety, health, wellness, and the environment. Exxaro CEO Mxolisi Mgojo explained that the theme of this year’s summit is the Power of 5! “Today is an important day, where we pause to reflect on our business and safety performance, good and bad. We also use this day of the Summit to recommit ourselves to leading a sustainable and responsible mining company. And in this regard, Exxaro and its partners pledged to a continuation of

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Eastern Cape youth have the wind at their back with Cennergi bursary programme

Press Release • 11 Apr 2022

Eastern Cape youth have the wind at their back with Cennergi bursary programme

Access to funding for tertiary education has always been a challenge for South African high school pupils from poor and working-class families. Exxaro Resources subsidiary, Cennergi Holdings, has established several bursary programmes and continuous community education initiatives. One of these initiatives, the Tsitsikamma Wind Farm Trust (TWFT) bursary programme, is proud to announce that its 23 bursary recipients have passed all of their subject modules. In addition, a total of 27 distinctions were obtained by beneficiaries in the first semester with 43% of the students attending contact classes, 35% using blended learning, and 22% attending virtual learning. The Tsitsikamma Community Wind Farm (TCWF) is a project

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Exxaro, mohlaloga investment donate safety equipment to keep emakhazeni learners safe

Press Release • 06 Apr 2022

Exxaro, mohlaloga investment donate safety equipment to keep emakhazeni learners safe

Exxaro’s Belfast Digital and Connected Coal mining operation, in collaboration with Mohlaloga Investment Group recently donated Personal Protective Equipment (PPE) to Emakhazeni Local Municipality for distribution to 17 schools to help keep learners safe. The donation included 225 litres of hand sanitiser; 650 litres of dilutable bleach; and 250 litres of hand soap to help schools to clean and disinfect surfaces and maintain hand hygiene. According to the World Health Organisation, cleaning and promoting hand hygiene are important everyday activities schools can take to slow the spread of COVID-19 and other infectious diseases and protect students and staff. Cleaning with products containing soap or detergent reduces germs on surfaces and objects

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Exxaro annual results for the financial year ending 31 december 2021

Press Release • 03 Mar 2022

Exxaro annual results for the financial year ending 31 december 2021

3 March 2022, Exxaro Resources Limited (Exxaro), the black empowered diversified resources group, reported a 46% increase in core EBITDA to R10 671 million (FY20: R7 291 million), and a 58% increase in core HEPS at R46.83 (FY20: R29.73) for the financial year ended 31 December 2021, a resilient performance despite the ongoing Covid-19 pandemic and a distressed local economy. In addition, extensive logistical challenges substantially impacted export volumes, but, performance was sustained through significant increases in realised coal prices across all markets. CEO, Mxolisi Mgojo said, “Given the challenges we have faced this year, I am very pleased to present these results, which not only underscore the resilience of our business

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Exxaro celebrates five-year fatality free milestone

Press Release • 01 Mar 2022

Exxaro celebrates five-year fatality free milestone

Exemplifying the highest recognition for its practice of, and commitment to, occupational health and safety, Exxaro Resources today is proud to announce that it has achieved five years without any fatalities across its mining operations. “Earning this milestone validates our commitment to our rigorous safety requirements,” says Exxaro Executive Head for, Mongezi Veti. “Employee safety is woven into every aspect of our business conduct.” This remarkable milestone is anchored on the Mineral Council of South Africa’s (MCSA) Zero Harm initiative, which led to the launch of Exxaro’s Khetha Ukuphepa (translated as Choose to be Safe) campaign, which was launched in 2019. The campaign has created widespread safety awareness, led to a change in behaviour and increased vigilance.

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Exxaro’s commitment to education powers the possibility for better lives

Press Release • 22 Feb 2022

Exxaro’s commitment to education powers the possibility for better lives

Everyone has a fundamental right to education. Education is able to arrest and reverse cycles of generational poverty and has proven to be a successful tool to uproot poverty. One of South Africa’s leading black empowered and diversified mining and energy solutions company, Exxaro Resources, has always recognised the importance of education and ensuring tangible change happens in improvised communities. Exxaro has undertaken a comprehensive assistance programme over the past 12 months to support our education system. From renovating school buildings; and supplying equipment, to hosting academic camps and sponsoring school shoes to children in need. The right to quality education is fundamental if we are to reduce poverty

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Exxaro supports a cause that encourages a positive future

Press Release • 16 Feb 2022

Exxaro supports a cause that encourages a positive future

Exxaro is continuing in its efforts to socio-economic impact of Covid-19, through a partnership with international charity organisation World Vision South Africa, to bring healthy food and hygiene packs to vulnerable children and their families. Exxaro is supporting a cause that encourages a positive future for vulnerable children, and through this partnership, it is giving them access to a basic human need – hygiene and food. The mining will donate R1.5 million to create sustainable food sources for two schools and a children’s home in Mpumalanga, in the form of food gardens, which will provide the source for healthy meals for the children and their families. which will be used to cook healthy meals for the children. World Vision identified Bonani Primary School in Bethal Bonginhlanhla Primary School

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Exxaro’s belfast coal mine celebrates its safety record - 500 days without a lost time injury

Press Release • 15 Feb 2022

Exxaro’s belfast coal mine celebrates its safety record - 500 days without a lost time injury

Building on its commitment to workplace safety, January marks a proud milestone for Exxaro Resources’ modern digital and connected mine - Belfast Coal in Mpumalanga, which has recorded 500 days free of workplace injuries.  The newly constructed Belfast Coal Mine started producing high grade thermal coal six months earlier than expected on 12 September 2019. “We completed 2021 without a lost time injury (LTI), which is a remarkable achievement. We are grateful that our employees and contractors could return to their loved one’s injury free,” said Belfast mine Business Unit Manager, Londolani Rampfumedzi. The Belfast team has maintained an overall Lost Time Injury Frequency Rate (LTIFR) of 0.00, above its target of 0.08.

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