20 billion reasons to believe in the power of tomorrow with Exxaro

1 November 2019 - South Africa’s largest black empowered mining resources group, Exxaro, yesterday (31 October 2019) alongside SA Investment Conference (SAIC) held media tour for more than 50 journalists to highlight their commitment in contributing to the growth and economic development of the country.

Exxaro committed R20bn to building and expanding its production portfolio in the short to mid-term future. The media tour – which consisted of a tour of the Exxaro head office, the conneXXion and a site visit of the Belfast digital and connected mine – was an opportunity for Exxaro to showcase its current and future investments and to motivate the private sector to join in and support the Presidents Investment Drive to raise $100-billion in five years.

Exxaro CEO, Mxolisi Mgojo said: “We at Exxaro, know better than most the vital role that partnerships with government and other key stakeholders can play in achieving transformation in South Africa’s socio-economic landscape. Our R20 billion investment, between 2018 and 2023 is testament to our purpose, as it is about co-creating solutions with government to complex social and economic challenges facing our country.”

During his address, Yunus Hoosen, InvestSA CEO said: “We thank organisations such as Exxaro which continue to invest in South Africa, we call on more domestic companies to invest in the country and play their part in moving the country forward. And to attract more investments, government is convening the second South Africa Investment Conference (Accelerating Economic Growth by Building Partnerships) from 5 to 7 November this year at the Sandton Convention Centre.”

Exxaro is already underway with its growth ambitions and is injecting approximately R10 billion into expansion projects in the Lephalale region where the flagship Grootegeluk operation is located and another R10bn in the Mpumalanga area where the remainder if its mines are situated, including the Belfast mine, better known as the first ever digital and connected mine in South Africa.

The new mine - which is located about 10 km south-west of Belfast, on the southern side of the N4 highway – is also the first of its kind in South Africa to have a “digital twin”.

The digitally connected mine took more than 20 years to develop and its digital footprint perfectly captures the essence of Exxaro’s 2026 Strategy that combines technology and collaboration as a catalyst for significant change. Belfast Coal Mine aims to support the strategic vision of Exxaro by increasing steam coal production and diversifying its coal markets.

The Exxaro Belfast mine won an MTN IOT award last week for Best Industry Solution category, for an IOT-based production system that manages its mining fleet.