Exxaro Resources Ltd

Exxaro Resources Ltd Organogram

Exxaro Resources Ltd is a diversified resources group engaged in the mining, extracting, and processing of minerals and metals including coal, mineral sands (titanium ore and titanium dioxide), base metals (primarily zinc, lead and copper) and selected industrial minerals as well as renewable energy solutions, with interests in South Africa, Europe, Asia and Australia. The coal operations are mainly situated in the Waterberg (Limpopo) and Mpumalanga regions. Coal commercial operations comprise the company holding a 100% stake in the Grootegeluk, Matla, Belfast and Leeuwpan mines, and a 50% interest in the Mafube mine (a joint venture with Anglo). Coal mining operations in South Africa comprise: • Grootegeluk complex - an open-cut mine with a Life of Mine (LoM) of over 19 years that produces between 26mtpa and 30mtpa of saleable thermal and metallurgical coal. • Matla - an underground mine with a LoM of 3 years that produces about 14mtpa thermal coal. • Belfast - an open-cut mine with a LoM of 11 years that produces 1.5mtpa of export-quality thermal coal and 800,000t of lower-quality thermal coal. • Leeuwpan - an open-cut mine with a LoM of 7 years that produces 2.6mtpa of saleable coal. • Mafube (50% JV) - an open cut mine with a LoM of over 21 years that produces thermal coal with a RoM of 5.44Mt. Coal exploration projects: • Thabametsi - an open-cut project with a LoM of 24 years to produce thermal coal. • Waterberg North - in closure • Waterberg South - in closure Non-controlled coal operations include: • 20.62% interest in Sishen Iron Ore Company (Pty) Ltd which extracts and processes iron ore. • 12.04% interest in Richards Bay Coal Terminal (Pty) Ltd which operates a coal export terminal. Renewable energy operations in South Africa comprise: • Cennergi (Pty) Ltd - an independent power producer that operates the following wind farms: - Amakhala Emoyeni windfarm (95% owned) - has a capacity of 95MW, 56 x 2.4MW turbines and a power purchase agreement of 20 years. - Tsitsikamma community windfarm (75% owned) has a capacity of 95MW, 31 x 3.1MW turbines and a power purchase agreement of 20 years. - Lephalale solar project (100% owned) - will have a capacity of 68MW with commercial operations estimated for 2025.