Exxaro
South African mining company
From Wikipedia, the free encyclopedia
Exxaro Resources Limited (Exxaro, the company or the group) is a South African diversified resources company that primarily produces coal.[6]
 | |
| Company type | Public |
|---|---|
| JSE: EXX | |
| Industry | Mining |
| Founder | Unbundling of Kumba Resources, merged with Eyesizwe Coal and Namakwa Sands |
| Headquarters | , |
Key people | Geoffrey Qhena (Chairman), Bennetor Magara (CEO), PA Koppeschaar (CFO) |
| Products | Coal products and Energy |
| Revenue |  R 32 771 billion[1] (2021) |
| R 7 460 billion[2] (2021) | |
| R 16 373 billion[3] (2021) | |
| Total assets | R 75 717 1 billion[4] (2021) |
| Total equity | R 50 098 billion[5] (2021) |
Number of employees | 6,648 (2016) |
| Website | exxaro |
Exxaro is among the top five coal producers in South Africa.[7]
The company is listed on the Johannesburg Stock Exchange and at 31 December 2021, had assets of R75.7 billion [8] and a market capitalization of R53.4 billion.
History
The company was formerly known as Kumba Resources Limited and changed its name to Exxaro Resources Limited in November 2006. Exxaro Resources Limited is a subsidiary of Main Street 333 Proprietary Limited.[9]
Exxaro Resources announced in October 2012 plans for a "mine of the future" concept. The mine targets zero waste emissions, zero effluent, wash-to-zero and sustainable engineering.[10]
In 2019, Exxaro moved to their new headquarters, in Centurion, Gauteng. The building was designed with a 5-star energy rating and is named the conneXXion (cXX).
In 2020, Exxaro was approved for a secondary listing on the A2X stock exchange.[11]
Operations
Exxaro as at 2025 has the following operating mines:
- Grootegeluk - thermal (domestic and export), metallurgical and semi soft coking coal
- Leeuwpan - thermal (domestic and export), metallurgical coal
- Belfast - thermal (domestic and export), metallurgical coal
- Matla - tied colliery (with Eskom) providing thermal coal
- Mafube - JV colliery with Thungela providing thermal (domestic and export), metallurgical coal
Exxaro as at 2025 has the following equity investments:
- Kumba Iron Ore - 26% equity in Sishen Iron Ore Company (SIOC)
- Black Mountain - 25% equity in Black Mountain Lead Zinc Mine (Vedenta)
Exxaro also owns Cennergi - its own renewable company. Exxaro Cennergi's primary assets are its renewable energy facilities, which include operational wind farms in the Eastern Cape (Tsitsikamma and Amakhala Emoyeni), a solar power project (LSP) under development, and a new wind farm (Karreebosch) also under construction, supported by partnerships and project financing. Cennergi also offers asset management services for renewable energy projects.
