Exxaro Media & Insights: Press Releases

Latest Press Releases

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

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.

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

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

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

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

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

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

Press Release • 08 Mar 2024

Exxaro’s Annual Results for the Twelve Months Ended 31 December 2023 Press Release

14 March 2024, Exxaro Resources Limited (Exxaro), the black empowered diversified resources and renewable energy group, reported its second highest EBITDA performance of R13.4 billion (FY22: R19 billion) and HEPS of 46.81 (FY22: R60.16) for the financial year ended 31 December 2023, a robust performance despite lower export prices and lower domestic and export sales volumes, demonstrating the exceptional performance of its coal business, driven by high-quality product mix.Speaking on the results, Exxaro’s Chief Executive, Nombasa Tsengwa said, “We remain confident in our ability to foster value creation as shown by our FY23 financial performance. Yet again, we have maintained our stakeholder returns, robust balance sheet and strong cash flows despite

Press Release • 05 Dec 2023

Exxaro Resources and the Council of Geoscience Unite Forces in Landmark Agreement for Decarbonisation

As a mining and renewable energy solutions company that believes in sustainable value creation through its relationships, impact, and vision, Exxaro is committed to ensuring economic and social stability, energy security and supply. In collaboration with the Council of Geoscience (CGS), Exxaro has entered a memorandum of understanding (MOU) to further its sustainability and decarbonisation efforts. The CGS is a national science council in South Africa which is mandated with custodianship of geological information and knowledge. The MOU expresses an intention to collaborate on carbon capture, utilisation and storage (CCUS) initiatives towards the reduction of greenhouse gas emissions, thereby promoting climate change adaptation

Press Release • 03 Dec 2020

FINANCE DIRECTORS PRE CLOSE MESSAGE DEC 2020

Finance directors pre close message Dec 2020

Press Release • 02 Dec 2020

EXXARO COLLABORATES WITH THE STEVE TSHWETE LOCAL MUNICIPALITY AND PARTNER MINING COMPANIES TO EMPOWER LOCAL ENTREPRENEURS

Exxaro Resources has partnered with the Steve Tshwete Local Municipality and mining companies Arnot OpCo, Anglo-American Coal South Africa and Glencore to establish enterprise development centres for local entrepreneurs in the township of Mhluzi. The establishment of an Enterprise Development Centre (EDC) is one of the Local Economic Development projects which Exxaro committed to in the Social and Labour Plan of 2013 – 2017, through Arnot Coal which has since become Arnot Opco. The objectives of the EDC is not only to provide facilities to conduct business activities, but also to offer developmental

Press Release • 01 Dec 2020

IMPACT AND SUPPORT TO EXXARO ESD BENEFICIARIES DURING COVID-19

The restrictions imposed by the Covid-19 pandemic and the lockdown have taken a toll on all economic sectors in South Africa, and have presented additional hurdles for small, medium and micro enterprises (SMMEs). A survey undertaken by the Centre for Development and Enterprise (CDE) on the readiness of South African small enterprises to respond to Covid-19 implications in March 2020, revealed that 86% did not know where to go to access emergency funding, 87% were unable run their business from home and 87% were unable to support themselves or their families during the lockdown. These findings are in line with the business impact survey of the Covid-19 pandemic in South Africa, conducted by Statistics South Africa in April 2020.

Press Release • 24 Nov 2020

Exxaro’s new partnership with gibs empowers local entrepreneurs

Exxaro, one of South Africa’s largest black-empowered resource companies, has announced a new supplier development partnership with internationally accredited University of Pretoria’s, Gordon Institute of Business Science (GIBS). The two organisations are launching a new Contractor Development Programme. The programme aims to promote and support the advancement and empowerment of local Exxaro suppliers by providing business education and mentorship. Thus far, 31 businesses have been approved to enrol in the course, with the first intake running from November 2020 to November 2021. It is anticipated that a total of 90 participants will be enrolled through three intakes. The programme will provide a unique intervention that combines

Press Release • 20 Nov 2020

LESS COAL, MORE WIND IN ITS SAILS.

Exxaro Resources, at present a predominantly coal mining company, has started to diversify away from fossil fuels towards alternative resource opportunities. The company has a 20% stake in Kumba’s Sishen Iron Ore Company. It also has two wind farms in the Eastern Cape with a generation capacity of 239MWthrough its ownership of Cennergi, which owns and operates the Tsitsikamma Community and Amakhala Emoyeni wind farms. “Renewable energies will be a future growth area,” says Exxaro CEO Mxolisi Mgojo. “We have been very deliberate about how we diversify Exxaro’s portfolio towards cleaner energy resources.” In March, Exxaro published its climate change position statement, which includes its target to be carbon neutral by 2050. Mgojo says the company is cognisant of the physical

Press Release • 17 Nov 2020

EXXARO TAKES A STAND AGAINST FRAUD THIS INTERNATIONAL FRAUD AWARENESS WEEK

Organisations worldwide lose an estimated 5% of their annual revenues to fraud. Corporate fraud, consumer fraud, tax fraud, and identity theft – these are just a few of the many ways fraud can take shape. It is therefore vital that everyone becomes more aware of the serious impact it has on businesses and our country as a whole. Exxaro is committed to stamping out fraud and corruption. As part of our fight against corruption we have committed our support to the International Fraud Awareness Week through the Association of Certified Fraud Examiners (ACFE). Our CEO, Mr Mxolisi Mgojo, elaborates on this commitment saying, “One of our cornerstone values is to speak the truth

Press Release • 26 Oct 2020

EXXARO OFFICIALLY BEGINS THE REHABILITATION OF BELFAST’S STREETS

As South Africa’s largest black-empowered resource company, Exxaro prepared for a sod-turning ceremony to mark the start of the rehabilitation of Belfast’s internal streets and associated storm water management systems. The event, aimed at bringing together stakeholders and other key social partners, took place on 23 October 2020 at 10:00, and was set to highlight Exxaro’s commitment to local economic development. The objective is to rehabilitate Fitzgerald, Boult, Duggen, and McDonald streets, and improve their current conditions to paved roads with storm water drainage systems. Belfast is the heartbeat of the Emakhazeni municipality, an important area of Mpumalanga. Exxaro’s investment

Press Release • 21 Oct 2020

COMMUNITY UNREST IN LEPHALALE LOCAL MUNICIPALITY

Exxaro Resources (“Exxaro”) acknowledges with great sadness the loss of life of a local community member of Lephalale. The deceased was part of a community protest that entered the private property owned by Exxaro near its Grootegeluk mine operations, which protestors set fire to a part of the veld and a conveyor belt leading out of the mine. The community member died on the scene after a fatal rubber bullet shot following an exchange with a private security company. We convey our sympathies to the family and community members on this unfortunate loss of life. We will be liaising with the family pending the police investigation. Over the past few weeks, Exxaro and key Lephalale Local Municipality leaders, led by the LLM Mayor Councilor Jack

Press Release • 19 Oct 2020

EXXARO WARNS COMMUNITIES OF TENDER SCAMS, SAYS ‘DON’T SUPPORT IT! REPORT IT!’

Exxaro has recently rolled out its ‘zero-tolerance’ anti-fraud – anti-corruption campaign. The company is powering possibility and protecting stakeholders and employees by investing in further education and awareness on their procurement systems, anti-fraud measures, whistleblower protections, and how to avoid falling prey to tender scams. Counteracting false tender advertisements that recently circulated in Mpumalanga, Exxaro’s awareness campaign reasserts the company’s commitment to healthy business practices and integrity in order to protect its staff, communities, and the nation. The company’s procurement system is a five-stage process involving pre-assessing, pre-qualifying, verifying, developing, and giving

Press Release • 19 Oct 2020

67CEOS FOUNDATION IS ADVANCING SMME SUPPORT IN SOUTH AFRICA

The 67CEOs Foundation will organise its 4th Global Entrepreneurship Week - GEW in South Africa from 16 till 21 November 2020. The programme is themed: Advancing SMME Support - Survive & Thrive. Traditionally, GEW is a one-week in-person event, however, it is understandable that times are different, therefore this year’s programme will be completely virtual. More than ever before SMMEs need the support of all business development ecosystem stakeholders to survive the indelible impact of COVID19 pandemic and thrive beyond the crises. Many of the businesses 67CEOs Foundation supports have remained sustainable before the global pandemic outbreak, currently, they are facing new challenges that require ‘new normal’ solutions.

Press Release • 19 Oct 2020

CENNERGI EMPOWERS ITS COMMUNITIES THROUGH IMPACTFUL DEVELOPMENT PROJECTS

Committed to powering a clean world with a mixed portfolio of clean energy resources, Cennergi which is 100% wholly-owned by Exxaro aspires to be the leading diversified Independent Power Producer (IPP) in Southern Africa. Cennergi launched its operations in the South African renewable energy sector in 2012 and was awarded the bids for two wind farm projects (i.e. Tsitsikamma Community Wind Farm and Amakhala Emoyeni Wind Farm) in the Eastern Cape by participating in the Department of Energy’s Renewable Energy Independent Power Producers Procurement Programme (REIPPPP). Tsitsikamma Community Wind Farm (RF) Pty Ltd (TCWF) is a company formed

Press Release • 25 Sep 2020

CENNERGI – MAKING A DIFFERENCE IN COVID-HIT COMMUNITIES WHEN AND WHERE IT MATTERS MOST

As the economic heartbeat of so many of the communities in which it operates, Cennergi invested in the people it serves. While the effects of the COVID-19 pandemic have left no nation or community untouched, bringing untold loss and devastation, it is also provided a platform for Cennergi to demonstrate their hearts for the people of the Eastern Cape Province. COVID-19 Community Support Initiatives In the efforts to realise their commitment to driving socio-economic development and sustainability, both the Amakhala Emoyeni Community Fund Trust (AECFT) and the Tsitsikamma Wind Farm Trust (TWFT) which were founded by Cennergi have established a network of community

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Latest Press Releases

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

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

Appointment of Ben Magara as new chief executive officer of Exxaro

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

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

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

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

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

Exxaro’s Annual Results for the Twelve Months Ended 31 December 2023 Press Release

Exxaro Resources and the Council of Geoscience Unite Forces in Landmark Agreement for Decarbonisation

Press Release Archive

FINANCE DIRECTORS PRE CLOSE MESSAGE DEC 2020

EXXARO COLLABORATES WITH THE STEVE TSHWETE LOCAL MUNICIPALITY AND PARTNER MINING COMPANIES TO EMPOWER LOCAL ENTREPRENEURS

IMPACT AND SUPPORT TO EXXARO ESD BENEFICIARIES DURING COVID-19

Exxaro’s new partnership with gibs empowers local entrepreneurs

LESS COAL, MORE WIND IN ITS SAILS.

EXXARO TAKES A STAND AGAINST FRAUD THIS INTERNATIONAL FRAUD AWARENESS WEEK

EXXARO OFFICIALLY BEGINS THE REHABILITATION OF BELFAST’S STREETS

COMMUNITY UNREST IN LEPHALALE LOCAL MUNICIPALITY

EXXARO WARNS COMMUNITIES OF TENDER SCAMS, SAYS ‘DON’T SUPPORT IT! REPORT IT!’

67CEOS FOUNDATION IS ADVANCING SMME SUPPORT IN SOUTH AFRICA

CENNERGI EMPOWERS ITS COMMUNITIES THROUGH IMPACTFUL DEVELOPMENT PROJECTS

CENNERGI – MAKING A DIFFERENCE IN COVID-HIT COMMUNITIES WHEN AND WHERE IT MATTERS MOST

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Media and Insights

Latest Press Releases

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

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

Appointment of Ben Magara as new chief executive officer of Exxaro

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

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

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

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

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

Exxaro’s Annual Results for the Twelve Months Ended 31 December 2023 Press Release

Exxaro Resources and the Council of Geoscience Unite Forces in Landmark Agreement for Decarbonisation

Press Release Archive

FINANCE DIRECTORS PRE CLOSE MESSAGE DEC 2020

EXXARO COLLABORATES WITH THE STEVE TSHWETE LOCAL MUNICIPALITY AND PARTNER MINING COMPANIES TO EMPOWER LOCAL ENTREPRENEURS

IMPACT AND SUPPORT TO EXXARO ESD BENEFICIARIES DURING COVID-19

Exxaro’s new partnership with gibs empowers local entrepreneurs

LESS COAL, MORE WIND IN ITS SAILS.

EXXARO TAKES A STAND AGAINST FRAUD THIS INTERNATIONAL FRAUD AWARENESS WEEK

EXXARO OFFICIALLY BEGINS THE REHABILITATION OF BELFAST’S STREETS

COMMUNITY UNREST IN LEPHALALE LOCAL MUNICIPALITY

EXXARO WARNS COMMUNITIES OF TENDER SCAMS, SAYS ‘DON’T SUPPORT IT! REPORT IT!’

67CEOS FOUNDATION IS ADVANCING SMME SUPPORT IN SOUTH AFRICA

CENNERGI EMPOWERS ITS COMMUNITIES THROUGH IMPACTFUL DEVELOPMENT PROJECTS

CENNERGI – MAKING A DIFFERENCE IN COVID-HIT COMMUNITIES WHEN AND WHERE IT MATTERS MOST

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Latest News And Top Stories

Presentations And Speeches

Bursaries and Skills Development