Exxaro

Exxaro Resources Limited (Exxaro, the company or the group) is a South Africa-based diversified resources company with a coal business and acquisitive growth prospects^{[clarification needed]} in minerals and energy.^[6]

Exxaro Resources

Company type	Public
Traded as	JSE: EXX
Industry	Mining
Founder	Unbundling of Kumba Resources, merged with Eyesizwe Coal and Namakwa Sands
Headquarters	Centurion, Gauteng (City of Tshwane Metropolitan Municipality) , South Africa
Key people	Geoffrey Qhena (Chairman), Bennetor Magara (CEO), PA Koppeschaar (CFO)
Products	Coal products and Energy
Revenue	R 32 771 billion[1] (2021)
Operating income	R 7 460 billion[2] (2021)
Net income	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	6648 (2016)
Website	www.exxaro.com

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 capitalisation of R53.4 billion. Exxaro Resources Ltd has been approved for a secondary listing on A2X Markets on Thursday, 2 April 2020.^[9]

Background

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.^[10]

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.^[11]

In 2019, the company moved to their new head office, in Centurion. This building was designed with a 5 star energy rating and is named the conneXXion (cXX).

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.