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 • 04 Aug 2020

EXXARO COVID-19 CRISIS MANAGEMENT

The mining sector has been exposed to numerous crises in various forms. From social unrest to earthquakes and disease outbreaks, the possibilities are endless. It is, therefore, important for mining companies to be disciplined when it comes to managing a crisis - as failure to properly execute an appropriate strategy can be dangerous and puts workers’ lives at risk. As one of the first sectors to be given the green light to operate at 50% capacity during our most recent crisis, the spotlight was on the mining industry to see how we managed to operate and mitigate the effects of the virus. By using our government's guidelines, Exxaro was able to make the necessary changes to adapt and evolve. Exxaro’s response to government guidelines South Africa is currently in a state of national disaster, and our government

Press Release • 24 Jul 2020

EXXARO CELEBRATES FOUR EMPLOYEES ANNOUNCED AS PRAGMA VALUE ADD AMBASSADOR WINNERS

Every six months, future-focused engineering services company Pragma, awards industry achievers in the mining, retail, government, manufacturing and oil and gas sectors for their meaningful contribution to their respective organisations. Pragma aims at helping their clients to perform at their peak while balancing asset management, cost and risk. Diversified and dynamic mining group Exxaro, is one such enterprise that continues to achieve success in all these areas, striving for excellence in every operation. Four of the company’s employees – Lizile Xulu, Adel van der Merwe, Mpendulo Makhanya and Heinrich Fouche – were announced as Pragma Value Add Ambassador

Press Release • 23 Jul 2020

EXXARO COMMEMORATES MANDELA DAY BY INSPIRING AND EDUCATING THE YOUTH

In honour of Mandela Day this past weekend, black-empowered mining leader Exxaro, continued its unwavering commitment to supporting South African youth in need. One of the company’s core operations, Exxaro Coal Central (ECC), pulled out all the stops to ensure that the needs of our future leaders at Bonani Primary School and Lethithemba Drop-In Centre were catered for. ECC, in partnership with their mining contractors Stefanutti Stocks and Kwena Mining Project donated kitchen appliances, a kitchen container and dignity packs to the school in Kriel. The mine ensured that the drop-in centre’s roof was replaced from asbestosis to a corrugated iron roof, while the pupils were equally treated to a few dignity packs.

Press Release • 22 Jul 2020

YOUNG TALENT CONTINUES TO BLOSSOM IN THE ENVIRONMENTAL SECTOR

As South Africa celebrated Youth Month on 16 June – 44 years since the historical uprising against an oppressive learning regime – we recognise young women making a tangible impact in the mining industry. Women like, Cebisile Majola, a 29-year-old Environmental Practitioner at Exxaro Coal Central. “Straight after completing my BSc degree (Life and Environmental Sciences with specialisation in Environmental Management and Geology), I applied for a geology trainee programme at Total Coal South Africa and soon after entering the room, I realised I was being interviewed for a positionin Environmental Management. Two hours later, I got the job, and the rest is history,” she recalls. Exxaro’s ongoing investment in young women

Press Release • 21 Jul 2020

JOINT ANNOUNCEMENT BY EXXARO AND SBI

Exxaro and the Small Business Institute (“SBI”) today announced a collaboration to promote the development of small and medium-sized enterprises (SMEs) in South Africa. The partnership will focus on the functional and economic viability of small towns beyond the life of mines in these towns and importantly will support Phase 2 of SBI’s research into facts about small businesses so that interventions are evidence led. “Through this relationship and our partnership in Impact Catalyst (more information below), Exxaro is demonstrating its support of South Africans with the courage to start and run small businesses and the people they employ. Once the economic devastation of Covid-19 is behind us, we will work together to create an environment in which it is possible

Press Release • 07 Jul 2020

PRIORITISING YOUTH DEVELOPMENT ONE INITIATIVE AT A TIME

While the celebration of Youth Day relates to the hardships faced by young, underprivileged South Africans, it’s equally important to focus on efforts in place aimed at bridging the educational gap in our country where some organisations take it upon themselves to offer opportunities for growth and development to ensure a positive future. As a company with empowerment at its core, Exxaro’s purpose, values and investing in the development towards our youth population with the aim of becoming future leaders for. In 2019, the company invested a total of R224 million in job-related, bursaries and scholarships. “We want to make a positive impact on the country through the work we do. We are more than just a coal producer. By allowing people to take part

Press Release • 02 Jul 2020

EXXARO’S MATLA MINE ACHIEVES MILESTONE SAFETY RECORD

This month marks a significant milestone for empowered diversified mining group, Exxaro and its unwavering commitment to the safety of its workforce. Plant and Central Engineering Workshops (CEWS) – work areas within the organisation’s Matla Coal Mine – achieved 730 lost-time injury (LTI) free days. This achievement is equivalent to two years of zero mineworker LTIs. This month marks a significant milestone for empowered diversified mining group, Exxaro and its unwavering commitment to the safety of its workforce. Plant and Central Engineering Workshops (CEWS) – work areas within the organisation’s Matla Coal Mine – achieved 730 lost-time injury (LTI) free days. This achievement is equivalent to two years of zero mineworker LTIs.

Press Release • 02 Jul 2020

DON’T SUPPORT IT. REPORT IT!

Conducting business with honesty and integrity is a non-negotiable commitment we expect from all our employees and business partners. To this end, we recently launched our “Don’t support it. Report it!” campaign. The campaign encourages all Exxaro employees and stakeholders to help us in the fight against dishonest conduct by anonymously reporting any suspected unethical and/or illegal activities. Conflicts of interest arise when an opportunity that benefits you as an employee, also affects the company. The expectation is that the employee is true to the company's code of conduct and will act in the best interests of the employer and not for their own personal gain. These opportunities may pose a dilemma, which can be challenging to deal with because they often seem harmless but can cause serious

Press Release • 30 Jun 2020

Exxaro’s relentless journey to zero harm continues as matla mine achieves 730 lost-time injury-free days

This month marks a significant milestone for empowered diversified mining group, Exxaro and their unwavering commitment to the safety of their workforce. Plant and Central Engineering Workshops (CEWS) – work areas within the organisation’s Matla Coal Mine – achieved 730 lost-time injury (LTI) free days. This achievement is equivalent to two years of zero mineworker LTIs. This accomplishment forms part of Exxaro’s Khetha Ukuphepha safety campaign, which was launched in 2019 across all business units to address the risky nature of mining work. The cornerstone of the company’s zero-harm pledge, the campaign ensures that every employee adheres to strict safety standards

Press Release • 17 Jun 2020

Exxaro’s new Belfast BU manager, Londolani Rampfumedzi, sets out to make a valuable impact on the business, fellow employees and surrounding community

Driving the success of the organisation and its commitment to powering better lives in Africa and beyond, Exxaro’s people are its life force. The mining leader invests significantly in the personal and professional growth of its employees, equipping workers across all levels with the necessary skills and knowledge for the future requirements of the industry. Building an empowered, diverse and innovative workforce of tomorrow, Exxaro seeks out to find the ideal candidate for every role. Most recently, this includes newly appointed Business Unit Manager,

Press Release • 15 Jun 2020

Exxaro unites to power better lives for south african students and teachers

After months of home-schooling and e-learning, South African learners in their final years of primary and high school, have finally been given the go-ahead to return to class as the COVID-19 lockdown is eased. On Monday 8 June, most public and independent schools across the country reopened with grade 7 and 12 students being the first group to be phased in. Another cluster of grades is set to return to school on 6 July with the final pupils filtering in on 3 August. With this in mind, a group of six Exxaro employees came together to donate 200 masks to Emasangweni Primary School in Mamelodi. Handmade with care, these protective masks were given to grade 7 learners and teachers at the school to limit the spread of COVID-19.

Press Release • 05 Jun 2020

Exxaro’s sustainability summit achieves platinum status

The second annual Sustainability Summit was held at one of South Africa’s greenest buildings – the conneXXion –...

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