Press Release • 24 May 2023
Diversified mining and renewable energy solutions company, Exxaro Resources’ partnership with the Youth Employment Services (‘YES’) programme, has led to 259 youth in its host communities from Mpumalanga and Limpopo provinces being afforded job opportunities, since the inception of the programme in quarter one of 2022. Given the risks and opportunities inherent in the communities where Exxaro operates, the company’s Human Rights Policy has identified the right to equal opportunities/non-discrimination and transformation as key areas of potential impact related to Human Rights that the business aims to address. According to the Statistics South Africa - youth unemployment rate
Press Release • 20 Apr 2023
Top Employer company, Exxaro Resources, hosted its annual Sustainability Summit today in Lephalale – Limpopo Province. The prestigious event remains a strategic platform to celebrate the groups’ sustainability achievements and to reflect on its safety, health, employee wellness and environmental performance. Aligned with its Human Rights Policy – Exxaro strives to provide its employees and contractors with a safe and healthy work environment. The diversified mining and renewable energy solutions company also celebrated its 33 years Fatality Free milestone at its open-pit operation at Leeuwpan, 10 years Fatality Free milestone at its flagship operation at Grootegeluk, and its 6 years
Press Release • 17 Mar 2023
16 March 2023, Exxaro Resources Limited (Exxaro), the black empowered diversified resources and renewable energy group, reported a record 78% increase in EBITDA to R19 002 million (FY21: R32 771 million), and a 28% increase in HEPS at R60.16 (FY21: RR46.83) for the financial year ended 31 December 2022, a resilient performance mainly due to the exceptional performance of its coal business, driven by high-quality product mix, and increases in export and domestic sales prices. CEO, Nombasa Tsengwa said, “In spite of the obstacles we have faced this year, Exxaro has once again displayed its agility in navigating through the challenging business operating environment. I am very pleased to present these impressive results
Press Release • 22 Feb 2023
Exxaro Resources, a leading mining and renewable energy solutions company in South Africa, has been formally recognised as the Top Employer in South Africa for 2023 and a major company to work for. This is the fourth time Exxaro has been honoured by the international Top Employers Institute for its Human Resources (HR) policies and practices. Exxaro first achieved the award in 2014 and subsequently in 2021 and 2022. Established over 30 years ago, the [Top Employers Institute][1] has certified 2 053 organisations worldwide in 121 regions across five continents. These certified Top Employers positively impact the lives of over nine million employees globally. The Top Employers Institute certifies companies and organisations
Press Release • 14 Feb 2023
Exxaro’s robust commitment towards a Just Transition has resulted in the organisation becoming the only basic resources company with an improved Environmental Social and Governance (ESG) rating of Level 4.0 in December 2022. According to the FTSE Russell ESG Index Ratings, Exxaro’s rating increased from 3.7 in December 2021 and 3.8 in June 2022. The FTSE Russell ESG Index Rating’s provides investors with an understanding of the company’s exposure to, and management of environmental, social and governance issues. The ESG Rating is an average rating that streams into underlying Pillar and Theme Exposures and Scores - built on over 300 individual indicator assessments.
Press Release • 08 Feb 2023
As one of South Africa’s largest black-empowered diversified mining and renewable energy solutions companies, Exxaro Resources is proud to announce that it has been recognised in the 2023 Bloomberg Gender Equity Initiative (GEI) for the fourth consecutive year. This is a testament to our commitment to gender equality and inclusion. Bloomberg’s Gender Reporting Framework uses a standardised global reporting method to acquire comprehensive workplace gender data. The GEI framework defines a set of metrics used to determine a company’s progress towards equal representation of gender through the various employment levels of the organisation. Therefore, various global experts submit the Bloomberg social
Press Release • 02 Feb 2023
We are proud to announce that Exxaro Resources will be participating in the 2023 Mining Indaba, which is aptly themed “Unlocking African Mining Investment: Stability, Security, and Supply”. The Mining Indaba is dedicated to pursuing the successful capitalisation and development of mining interests on the African continent.
Press Release • 25 Nov 2022
Amidst South Africa's carbon-reduction ambitions, notably the Just Transition, the envisaged socio-economic impacts will require multi-pronged socio-economic diversification. The Just Transition puts communities and SMMEs at the centre of the economic transformation, requiring that the private and public sectors work together as well as intimately with communities to create decent work opportunities, while transitioning to [lower-carbon economic][1] activities. Maximizing the socio-economic opportunities of the transition and simultaneously minimising and mitigating any challenges is a cornerstone of the Just Transition, and will require intensive dialogue among all
Press Release • 22 Nov 2022
South Africa has seen a steep increase in climate related disasters over the past few years that have left vulnerable communities worse off. In the province of KwaZulu-Natal (KZN), heavy rain between 11 – 13 April 2022 resulted in severe flooding and landslides that led to the death of over 400 people and the destruction of more than 25,000 households. And add to that, between 2019 and 2021, the Western Cape (WC) has been the site of more than 8600 shack fires. Factoring in the loss of lives and damage of integral infrastructure such as roads, schools and health centres, President Cyril Ramaphosa declared a state of disaster. Aligning not only with its purpose, to power better lives, and to be more supportive of vulnerable communities
Press Release • 15 Nov 2022
The diversified mining and renewable energy solutions company, Exxaro Resources, is proud to announce that it is ranked in the 5th position of the prestigious 2022 Sunday Times Top 100 Companies Awards. This is the second year that Exxaro ranks in the Top 5 of the Top 100 Companies Awards. In 2021, Exxaro ranked in 5th position at the annual awards, an achievement that represents admirable progression from 13th in 2020 and up 32 places from its 37th position in 2019. The Sunday Times Top 100 Companies Awards recognizes JSE-listed companies for their contribution to the economy and social progress through investments, initiatives, and job creation opportunities. The awards also applaud these private-sector companies for...
Press Release • 02 Nov 2022
Exxaro and the Gordon Institute of Business Sciences’ (GIBS) Entrepreneurship Development Academy (EDA) are proud to have hosted the final graduation ceremony for Contractor Development Programme cohorts, which took place recently at the GIBS campus in Johannesburg. This year’s graduation ceremony saw 49 companies being represented by 52 graduates, which proves Exxaro’s commitment to help develop sustainable enterprises for its host communities and suppliers. Through this programme, an entrepreneurial spirit blossomed amidst a culture of innovation and social change. To empower people to create sustainable impact, this programme not only helped promote and support the advancement of local Exxaro
Press Release • 27 Sep 2022
Exxaro Resources is proud to announce that in accordance with the Environmental, Social and Governance (ESG) ratings by Morgan Stanley Capital International (MSCI), the diversified [minerals and renewable energy][1] solutions company has sustained its “A” rating and improved in the “E” (Environmental) category. The MSCI ESG Ratings aim to measure a company’s management of relevant ESG risks and opportunities by adapting a rules-based methodology to identify industry leaders and laggards and how they manage those risks. Exxaro Group Manager: Integrated Reporting and ESG Performance, Malusi Buthelezi says, “through our Sustainable Growth and Impact (SG&I) strategy, our various initiatives