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 • 22 Sep 2020

EXXARO ENRICHES THE LIVES OF YOUNG STUDENTS AND TEACHERS IN THE SEKHUKHUNE DISTRICT

With most students still unable to attend school after months of no or limited learning, education has been one of the most hard-hit sectors during the COVID-19 pandemic. Mining innovator and South Africa’s leading resources company, Exxaro, has responded to this dire situation with a drive to empower young minds through school donations. The mining group recently donated R500 000 to Magukubjane Senior Secondary School, based in Magukubjane Village in the Sekhukhune District of Limpopo. The school was severely damaged by a storm in 2015 and left with dilapidated buildings. Former Minister of Agriculture, Forestry and Fisheries, Mr Zokwana approached Exxaro in 2018 for funding on behalf of the school.

Press Release • 14 Sep 2020

EXXARO COLLABORATES WITH TRADE UNIONS TO CURB COVID-19 STIGMA

“Viruses don’t discriminate, people do.” A powerful HIV-related slogan that reminds us that we are all at risk of contracting COVID-19, regardless of our gender, race, age, abilities, or social standing. Yet, we still tend to stigmatise those affected by the virus, labelling them as being ‘high-risk’, ‘infected’ or ‘victims’. This us versus them mentality segregates families, communities, and countries, undermining all efforts to prevent and treat COVID-19. Exxaro recognises the importance of standing against stigma to unite and protect all South Africans. As such, the forward-thinking mining group has partnered with various trade unions on an anti-stigma communications campaign to support employees who have been affected by the virus.

Press Release • 11 Sep 2020

LOCAL COMMUNITY MEMBERS LOOK FORWARD TO MOVING INTO THEIR NEW HOMES AS EXXARO’S LEEUWPAN MINE RESETTLEMENT PROJECT NEARS COMPLETION

Exxaro’s Leeuwpan Lifex project located in Delmas, Mpumalanga, is a strategic project that was undertaken to help the mining company achieve its sustainability goals. The R500 million extension project is expected to increase the life of mine by 10 years and provide an additional 4.7 million tonnes a year of mining capacity. The Rietkuil community It was anticipated that the project would affect a farm called Rietkuil, where a small community of 143 people had been living in 20 separate households. As part of the continued safe operation of the mine, a resettlement project was initiated following extensive

Press Release • 09 Sep 2020

EXXARO ACKNOWLEDGED FOR EXCELLENCE IN PRESTIGIOUS VIGEO EIRIS ‘BEST EMERGING MARKET PERFORMERS’ RANKING

Exxaro has featured in the latest Vigeo Eiris ranking of the best emerging market performers. The ranking comprises the 100 best performing companies listed in emerging markets, in terms of their approach and ongoing dedication to social responsibility. The Vigeo Eiris ranking is updated every six months, in June and December, and the ‘Top 100’ are selected from over 850 companies in 31 different countries from 32 sectors. Stringent criteria applied Companies included in this index have achieved the highest scores, as determined by a review of various indicators assessed using Vigeo Eiris’ exclusive methodology. The indicators reflect a company’s performance

Press Release • 08 Sep 2020

EXXARO EMPLOYEES RAISE THEIR VOICE IN MOVEMENT TO STOP GENDER-BASED VIOLENCE AND DRIVE POSITIVE CHANGE.

Statistically recorded, in times of crisis violence against women and girls increases, which explains the heightened rates of reported violence in the past few months in South Africa and around the world. According to the United Nations Population Fund, every three months of lockdown around the world during the global pandemic may have resulted in 15 million more cases of domestic violence than would typically be expected. In South Africa, one in three women experience domestic violence, and the rate of femicide (the killing of a woman by her intimate partner) is five times higher than the global average. In response to this, the Minerals Council South Africa

Press Release • 07 Sep 2020

COMMUNITY HEALTH WORKERS TACKLE SOCIAL COMMUNITY ISSUES IN MOGALAKWENA

Impact Catalyst is an exciting new initiative consisting of partnerships between Anglo American, Exxaro, the CSIR, World Vision and Zutari who all share a vision of creating enhanced social impact in the mining communities in Limpopo and will expand to other provinces. Their aim is to establish inclusive, collaborative, cross-sectoral platforms, initiatives and partnerships to achieve systemic socio-economic impact through public-private partnerships. One of the first Impact Catalyst initiatives concerns Community-Oriented Primary Care (COPC). This is a joint initiative with the University of Pretoria’s Department of Family Medicine and it has been rolled out in three communities: Mapela, Phafola and Mosesetjane around the Mogalakwena

Press Release • 01 Sep 2020

Covid-19 testing hits 100 mark at exxaro’s private labs

Proactive management of employee health and safety has been elevated to a new normal due to COVID-19. In South Africa, as previously suspected, the national COVID-19 testing capacity in both the public and private sector has come under severe strain as the pandemic progresses across the country. In response, Exxaro has invested in opportunities to increase the private testing capacity by setting-up two (2) COVID-19 PCR testing laboratories, one at Grootegeluk Mine’s Marapong occupational health facility in Lephalale, Limpopo; and the other at Matla Coal Mine’s occupational health centre in Kriel, Mpumalanga. These laboratories will be used for testing employees free of charge (as the company will cover the costs). In the event of an active case, isolation, and quarantine facilities

Press Release • 31 Aug 2020

EMPOWERING WOMEN TO SURVIVE AND THRIVE BEYOND 2020

In the wake of the global pandemic, a murky ‘shadow pandemic’ has emerged from which no country is immune. Violence and abuse against women and girls have been intensified by security, health and financial concerns, and compounded by the lockdown measures in many countries. President Cyril Ramaphosa faced the ugly truth when he stated, “As a country, we find ourselves in the midst of not one, but two, devastating pandemics. Although very different in their nature and cause, they can both be overcome – if we work together, if we each take personal responsibility for our action and if we each take care of each other.” As the number of Covid-19 infections rises in South Africa, the impact on women is becoming more obvious.

Press Release • 28 Aug 2020

EXXARO EMPOWERS BLACK-OWNED FARMING BUSINESSES IN STRATHRAE WITH 2 282 HECTARES OF LAND

We are constantly looking at proactive solutions to challenges facing those in our host communities. However, for us to live up to this ideal – we have placed greater focus on investments that go beyond the traditional CSI model. As part of our future plans to continue powering possibility and to showcase our support of the country’s land redistribution policy, Exxaro has embarked on a minerals succession programme that maps the potential agri-economies in our communities. In 2019, for example, our land management goals for 2026 included transferring 90% of post-mining land to emerging farmers in local communities while creating strategic partnerships with farmers to advance these agri-economies.

Press Release • 13 Aug 2020

EXXARO RESILIENT AMIDST TOUGH TRADING CONDITIONS

13 August 2020: Exxaro Resources Limited (Exxaro) – the black empowered diversified resources group - reported positively resilient results for the six-month period ended 30 June 2020, a notable achievement in the face of global trade tensions, a challenging local economy and a decline in thermal coal pricing. Headwinds were compounded by the impact of COVID-19 during the period. Consolidated group revenue was up 18%, mainly due to 15% increase in coal revenue and the addition of clean energy revenue relating to Cennergi, contributing 100% from 1 April 2020. The coal revenue increase is attributable to higher volumes to Eskom as well as record export volumes. Core HEPS increased by 11% to 1 339 cents per share. Exxaro achieved its key strategic objective of zero fatalities reporting a Group

Press Release • 06 Aug 2020

OVERCOMING GENDER INEQUALITY IS A PRIORITY AT EXXARO

While gender inequality in the workplace continues to be of concern in South Africa (and the rest of the world), businesses like Exxaro have been looking for ways to bridge the gap. In a male-dominated industry like mining, women have proven themselves to be just as competent and valuable - despite the industry-related stigma and stereotypes. At Exxaro, we know that giving more women a seat at the table is key to facilitating growth and innovation within the business. This has further encouraged the management team to find ways to bridge this gap and empower women to promote a more diverse and inclusive mining sector. I’m proud to say that Exxaro has been involved with some incredibly impactful initiatives targeted at empowering women.

Press Release • 05 Aug 2020

HOW TO HELP YOU CLIENTS BECOME SUPPLIERS TO LARGE FIRMS AND TAKE PART IN ESD PROGRAMMES

Giving small businesses the tools, they need to succeed is crucial in ensuring economic sustainability in Africa. As part of our drive to power better lives in Africa and beyond, we have developed programmes aimed at assisting the small enterprises we engage with. While these initiatives have proven to be successful, we cannot do it alone. Business support practitioners are an important ally in amplifying this success. Business support practitioners need to find ways to encourage their small business clients to position themselves as enterprises that are able to supply goods and services to larger, more established firms. We aspire to implement leading practices in ESD across some core functional

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

EXXARO ENRICHES THE LIVES OF YOUNG STUDENTS AND TEACHERS IN THE SEKHUKHUNE DISTRICT

EXXARO COLLABORATES WITH TRADE UNIONS TO CURB COVID-19 STIGMA

LOCAL COMMUNITY MEMBERS LOOK FORWARD TO MOVING INTO THEIR NEW HOMES AS EXXARO’S LEEUWPAN MINE RESETTLEMENT PROJECT NEARS COMPLETION

EXXARO ACKNOWLEDGED FOR EXCELLENCE IN PRESTIGIOUS VIGEO EIRIS ‘BEST EMERGING MARKET PERFORMERS’ RANKING

EXXARO EMPLOYEES RAISE THEIR VOICE IN MOVEMENT TO STOP GENDER-BASED VIOLENCE AND DRIVE POSITIVE CHANGE.

COMMUNITY HEALTH WORKERS TACKLE SOCIAL COMMUNITY ISSUES IN MOGALAKWENA

Covid-19 testing hits 100 mark at exxaro’s private labs

EMPOWERING WOMEN TO SURVIVE AND THRIVE BEYOND 2020

EXXARO EMPOWERS BLACK-OWNED FARMING BUSINESSES IN STRATHRAE WITH 2 282 HECTARES OF LAND

EXXARO RESILIENT AMIDST TOUGH TRADING CONDITIONS

OVERCOMING GENDER INEQUALITY IS A PRIORITY AT EXXARO

HOW TO HELP YOU CLIENTS BECOME SUPPLIERS TO LARGE FIRMS AND TAKE PART IN ESD PROGRAMMES

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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

EXXARO ENRICHES THE LIVES OF YOUNG STUDENTS AND TEACHERS IN THE SEKHUKHUNE DISTRICT

EXXARO COLLABORATES WITH TRADE UNIONS TO CURB COVID-19 STIGMA

LOCAL COMMUNITY MEMBERS LOOK FORWARD TO MOVING INTO THEIR NEW HOMES AS EXXARO’S LEEUWPAN MINE RESETTLEMENT PROJECT NEARS COMPLETION

EXXARO ACKNOWLEDGED FOR EXCELLENCE IN PRESTIGIOUS VIGEO EIRIS ‘BEST EMERGING MARKET PERFORMERS’ RANKING

EXXARO EMPLOYEES RAISE THEIR VOICE IN MOVEMENT TO STOP GENDER-BASED VIOLENCE AND DRIVE POSITIVE CHANGE.

COMMUNITY HEALTH WORKERS TACKLE SOCIAL COMMUNITY ISSUES IN MOGALAKWENA

Covid-19 testing hits 100 mark at exxaro’s private labs

EMPOWERING WOMEN TO SURVIVE AND THRIVE BEYOND 2020

EXXARO EMPOWERS BLACK-OWNED FARMING BUSINESSES IN STRATHRAE WITH 2 282 HECTARES OF LAND

EXXARO RESILIENT AMIDST TOUGH TRADING CONDITIONS

OVERCOMING GENDER INEQUALITY IS A PRIORITY AT EXXARO

HOW TO HELP YOU CLIENTS BECOME SUPPLIERS TO LARGE FIRMS AND TAKE PART IN ESD PROGRAMMES

YOU MAY ALSO BE INTERESTED IN

Latest News And Top Stories

Presentations And Speeches

Bursaries and Skills Development