Through seven managed coal mines, Exxaro produces almost 40Mtpa of power station, steam and coking coal. All power station coal is supplied to the national power utility, Eskom, and municipal power stations. Grootegeluk is one of the most efficient mining operations in the world, and operates the world’s largest coal beneficiation complex. It is the only producing mine in the coal-rich Waterberg, adjacent to Eskom’s existing Matimba and new Medupi power stations.

Base metals

Exxaro’s remaining base metals portfolio includes only our effective 11,7% and 26% interests in Chifeng zinc refinery in Inner Mongolia and Black Mountain in South Africa, respectively. We will maintain the investment in Black Mountain, while considering divesting from Chifeng in 2016, when we reach the end of a 10-year tax regime.


Our 2012 acquisition of African Iron Limited gave substance to our strategy of expanding into the ferrous metals sector. This operation and related exploration opportunities in the Republic of the Congo, an iron ore development frontier, are an attractive platform for further growth in a key commodity. We believe the fundamentals of iron ore are positive in the medium to long term and we are drawing on inhouse expertise and experience in mining bulk commodities to unlock this potential. The board made a strategic decision not to commit further capital funds until the mining convention and rail and port agreements have been finalised.

Exxaro FerroAlloys produces gas-atomised ferrosilicon for use in dense medium separation plants. An expansion programme has been approved.

Other interests

  • Tronox Limited
  • Sishen Iron Ore Company
  • Cennergi