Exxaro

Exxaro. Exxaro is a South African-based mining company, listed on the JSE, with operations in South Africa, Australia, and Asia. The company was formed in 2006 through the merger of Kumba Iron Ore and Eyesizwe Mining, and is now one of the largest black economic empowerment companies in the mining industry. Exxaro's business is focused on coal mining, iron ore mining, and mineral sands mining, with a strong presence in the global market, including partnerships with companies like Glencore, Rio Tinto, and BHP.

Introduction

Exxaro is a leading mining company in South Africa, with a diverse portfolio of assets and a strong commitment to sustainable development. The company's operations are focused on the extraction of coal, iron ore, and mineral sands, with a significant presence in the global market. Exxaro's business is built on a foundation of social responsibility, with a strong focus on environmental management, community development, and labour relations, in line with the principles of the United Nations Global Compact and the International Council on Mining and Metals. The company's leadership team, including Mxolisi Mgojo and Derek Cooper, has a strong track record of delivering results and creating value for shareholders, including Old Mutual, Sanlam, and the Public Investment Corporation.

History

Exxaro was formed in 2006 through the merger of Kumba Iron Ore and Eyesizwe Mining, two leading mining companies in South Africa. The merger created a new entity with a diverse portfolio of assets and a strong presence in the global market. Since its formation, Exxaro has undergone significant transformation, including the acquisition of new assets and the disposal of non-core businesses, such as the sale of its Pierre Shale asset to Anglo American. The company has also invested heavily in research and development, including partnerships with universities like the University of the Witwatersrand and the University of Pretoria, to improve its operational efficiency and reduce its environmental footprint, in line with the goals of the Paris Agreement and the Sustainable Development Goals.

Operations

Exxaro's operations are focused on the extraction of coal, iron ore, and mineral sands, with a significant presence in South Africa, Australia, and Asia. The company's coal operations are located in the Mpumalanga and Limpopo provinces of South Africa, and include the Grootegeluk Coal Mine and the Leeuwpan Coal Mine, which supply coal to Eskom and other customers. Exxaro's iron ore operations are located in the Northern Cape province of South Africa, and include the Sishen Iron Ore Mine and the Kolomela Iron Ore Mine, which supply iron ore to ArcelorMittal and other customers. The company's mineral sands operations are located in Australia and Asia, and include the Tronox and Ilmenite mines, which supply mineral sands to DuPont and other customers.

Sustainability

Exxaro is committed to sustainable development and has implemented a range of initiatives to reduce its environmental footprint and improve its social performance, in line with the principles of the United Nations Environment Programme and the World Business Council for Sustainable Development. The company has set targets to reduce its greenhouse gas emissions and water usage, and has implemented a range of energy-efficient technologies and water-saving measures, such as the use of renewable energy and desalination plants. Exxaro has also invested in community development initiatives, including education and training programs, and has partnered with organizations like the World Wildlife Fund and the International Union for Conservation of Nature to protect and conserve the environment, including the Kruger National Park and the Cape Floristic Region.

Governance

Exxaro is listed on the JSE and is subject to the King IV Report on Corporate Governance, which provides a framework for good governance and corporate social responsibility. The company's board of directors is led by Mxolisi Mgojo and includes a range of experienced professionals with expertise in mining, finance, and sustainability, including Derek Cooper and Nolitha Fakude. Exxaro has a strong commitment to transparency and accountability, and publishes regular reports on its financial and sustainability performance, including its integrated report and sustainability report, which are reviewed by KPMG and other external auditors. The company is also a member of the Mining Industry Association of Southern Africa and the South African Chamber of Mines, and participates in industry-wide initiatives to promote responsible mining practices and sustainable development, such as the Initiative for Responsible Mining Assurance and the Fairmined certification scheme. Category:Mining companies of South Africa