Our Business

Our History

In November 2006, Kumba Resources Limited unbundled, and Kumba’s coal and other assets merged with Eyesizwe Coal to create Exxaro Resources Limited. Exxaro has since grown to become one of the largest black-empowered and diversified mining companies in South Africa. The company operates facilities and offices in Africa, Asia, Europe and Australia. It’s listed on the JSE and, on 31 December 2016, had assets of R59.931 billion and a market capitalisation of R32.05 billion.

  • On 27 November 2006, Kumba Resources unbundled its iron ore business and created two separate focused mining groups – Exxaro Resources and Kumba Iron Ore (listed on the JSE Limited in the general mining sector)

  • Exxaro assets

    • Coal
    • Mineral sands
    • Base metals and industrial minerals
  • 2006 closing share price: R56.00

  • Medupi coal supply agreement signed

  • Namakwa Sands acquired

  • Deal of the Year Award

  • Top employer in South African mining industry (Top Employers Institute)

  • 2007 closing share price: R103.45

  • Signatory to UNGC

  • Included in JSE Socially Responsible Investment Index

  • 2008 closing share price: R71.90

  • Exxaro’s Evergreen Awards instituted to recognise top performers in various categories of the organisation

  • 2009 closing share price: R104.50

  • Reduced HIV/Aids prevalence to 13% (national prevalence rate was 25%)

  • 2010 closing share price: R136.24

  • Progress with energy and carbon management to measure across business

  • Top 10 in EY Excellence in Integrated Reporting Awards

  • 2011 closing share price: R168.00

  • Zeeland water treatment giant near Lephalale in Limpopo receives Blue Drop certification

  • Carbon Disclosure Project Leadership Index top score of 100 points received

  • Among the top 10 companies worldwide delivering the highest returns to shareholders over 10 years (Boston Consulting Group)

  • Cennergi (joint venture with Tata Power) formed to realise renewable energy ambitions

  • 2012 closing share price: R169.00

  • Frost and Sullivan Visionary Innovation Leadership Award

  • Deloitte Best Company to Work For Award (second place in mining category)

  • Carbon Disclosure Project Leadership Index score of 97 points received

  • Best Risk Information System Implementation Award from Institute of Risk Management South Africa

  • Top 10 in EY Excellence in Integrated Reporting Awards

  • 2013 closing share price: R146.46

  • Top employer in South African mining industry (Top Employers Institute)

  • Deloitte Best Company to Work For Award (resources sector)

  • Top 10 global leaders in Carbon Disclosure Leadership Index

  • Top 10 in EY Excellence in Integrated Reporting Awards

  • 2014 closing share price: R103.50

  • Global bronze medal in RobecoSAM 2015 sustainability reference guide (for ESG performance)

  • Best Corporate Governance Award for Africa region (Ethical Boardroom magazine)

  • Merit Award in EY Excellence in Integrated Reporting Awards

  • 2015 closing share price: R44.04

  • New CEO appointed: Mxolisi Mgojo replaces Sipho Nkosi

  • Merit Award in EY Excellence in Integrated Reporting Awards

  • Exxaro’s 10-year BEE ownership structure unwinds

  • Cennergi wind farms commissioned

  • Thabametsi project approved

  • 2016 closing share price: R89.50

  • Replacement black economic empowerment transaction implemented

  • Merit Award in EY Excellence in Integrated Reporting Awards

  • Business of Tomorrow team formed

  • 2017 closing share price: R162.50

  • Mid-cap winner in Chartered Secretaries Southern Africa Integrated Reporting Awards

  • Belfast project breaks ground

  • 2018 closing share price: R137.87

  • Fatality-free year and zero high potential incidents

  • Coal Safe Awards for Matla Mine 1 and Leeuwpan Mine for 40 fatality-free years

  • Move to the conneXXion

  • Partnership with Accenture awarded silver in the Loerie Awards for the MyNexxt learning and developmental platform

  • Finalist in the 2019 South African Graduate Employers Association Awards Employer of Choice: Mining and Resources

  • Newcomer Award in Absa Business Day Supplier Development Awards 2019

  • Localisation and Enterprise and Supplier Development Recognition Award at the 2019 South African Investment Conference

  • Top 40 winner in Chartered Secretaries Southern Africa Integrated Reporting Awards

  • 2019 closing share price: R131.14

  • 100% acquisition of Cennergi

  • Three fatality-free years achieved

  • Top Employer (Human Capital) South Africa winner for

  • Accenture Students’ Choice Awards of 2020 – second most sought after mining company to work for in the Mining and Metals category by thousands of tertiary students

  • Exxaro head office building achieved a six-star As-Built rating from the Green Building Council South Africa (GBCSA) under the Green Star New Build certification system

  • 100 SA companies under scrutiny for the transparency and implementation of anti-corruption programme (Governance) – Exxaro ranked third in the Transparency and Corporate Reporting: South Africa 2020 (TRAC SA 2020)

  • Grad Star Student Choice Awards of 2020 (Human Capital) – second most sought after mining company to work for in the Mining and Metals category by thousands of tertiary students

  • Accenture Rising Star 2020 – Mohloana Magwai awarded the Accenture Rising Star award in the Mining and Minerals category

  • Transparency in Corporate Reporting (Governance) – Exxaro ranked third of 100 listed corporations operating in South Africa

  • Exxaro ranked 13th in the Sunday Times Top 100 (Financial Capital) Companies in South Africa in the 2020 listing

  • Mail & Guardian (Human Capital) – Mondli Magagula announced as one of the 200 most outstanding young South Africans in 2020

  • ERIS best 100 emerging markets ESG ranking (Sustainable Development) – Exxaro featured in the Vigeo Eiris ranking of the best emerging market performers. The ranking comprises of 100 best performing companies listed in emerging markets in terms of their approach and ongoing dedication to social responsibility.

  • WELL certification (Manufactured Capital) – Silver level WELL certification for Core and Shell by the International WELL Building Institute (IWBI)

  • 2020 closing share price: R131.14