Our Business

We are building Exxaro into a sustainable and impactful business that catalyses economic growth, environmental stewardship, and positive change.

The Board of Directors is accountable for Exxaro’s governance and performance, balancing the company’s interests as a responsible corporate citizen with the legitimate needs and expectations of stakeholders.

MVULENI GEOFFREY  QHENA
MVULENI GEOFFREY QHENA

BOARD CHAIRMAN

Following the announcement to the market, it is my pleasure to inform you that the board of directors (“Board”) has approved the appointment of Mr Mvuleni Geoffrey Qhena (“Geoffrey”) to the Board as an independent non-executive director and the chairperson designate, with effect from 19 April 2021.

Geoffrey’s early career started at KPMG, where he completed his articles, and thereafter joined Eskom for a brief period in their treasury function. He moved to Vista University (now known as University of Johannesburg) to lecture accounting and auditing. During this time Geoffrey also passed his chartered accountant board exams. He briefly joined the Industrial Development Corporation of South Africa Limited (“IDC”) and thereafter moved to Transnet SOC Limited (“Transnet”). Geoffrey, rejoined the IDC where he enjoyed a meteoric rise and later became the Chief Financial Officer of the organization. It was not long after this period that Geoffrey ascended to the highest role as its Chief Executive Officer until the end of 2018. Geoffrey was involved in the establishment of numerous sector-changing initiatives, funding black empowerment companies, transformation of the corporate leadership landscape and the development of new sectors in the reshaping of the South African economy. His appreciation of climate change issues and the value of coal in the South African and African economy landscape is telling of his depth of business acumen. Geoffrey gained extensive board leadership on the IDC investee boards, including as a non executive director of a Spanish listed stainless steel company, Acerinox and chairman Foskor (Pty) Ltd, a wholly owned subsidiary of IDC. He was Chairman of the interim board of SAA until end June 2021, He is presently a non executive independent board member of Investec Bank Limited. With the IDC being a significant shareholder of Exxaro over a number of years, Geoffrey brings with him a clear understanding of the company and the sector in which it operates."

MXOLISI DONALD MBUYISA  MGOJO
MXOLISI DONALD MBUYISA MGOJO

CHIEF EXECUTIVE OFFICER

BSc Computer Science, BSc (Hons) Energy Studies, MBA, Advanced Management Programme (Wharton)

Mxolisi Mgojo has been in the mining industry since 2001. Prior to that, his career includes 10 years as a software engineer and 8 years in the finance industry including Societé Generale Investment Banking. Mgojo has been with Exxaro Resources since its inception in 2006, heading the Base Metals and Industrial Minerals business before being appointed as the Executive Head of Coal in August 2008. In May 2015 he was appointed as CEO Designate and took over the reins from Sipho Nkosi as Chief Executive Officer on 1 April 2016. Before joining Exxaro, Mgojo was a founder member of Eyesizwe Coal where he was the Marketing and Logistics Manager. Mgojo sits on the boards of Exxaro Resources and Tronox Limited. On 24 May 2017 Mgojo was elected as the President of the Minerals Council South Africa (MCSA) after serving on the then Executive Council of the Council since 2015 and the Collieries Committee of the Council prior to becoming a member of the Council’s Executive Council. Mgojo got re-elected again for a fourth term as the President of MCSA in June 2020. Mgojo has a BSc degree in Computer Science (Northeastern University, USA), an Honours degree in Energy Studies (Rand Afrikaans University), a Diploma in International Financial Management and an MBA (Henley Management College, UK). He has also completed a Societé Generale Investment Banking and Corporate Finance Programme (Kellogg, USA) and an Advanced Management Programme (Wharton). In January/February 2018 Mxolisi attended the Executive Programme at Singularity University in San Francisco, USA."

DR NOMBASA  TSENGWA
DR NOMBASA TSENGWA

CEO DESIGNATE

Ph.D. (Agronomy), University of Maryland, College Park, US, Executive Development Programme (EDP) Insead, France

As Executive Head Coal Operations, it is my responsibility to oversee the operations and functioning of the Coal Business and its ventures that are managed by Exxaro Coal, where I have been working for the past fourteen years. Additionally, I assist the CEO with the formulation and execution of Exxaro’s strategy. Managing the growth of the Coal commodity through strategic initiatives, as well as the marketing and logistics of all products, is my mandate."

PIETER ADRIAAN  KOPPESCHAAR
PIETER ADRIAAN KOPPESCHAAR

FINANCE DIRECTOR (EXECUTIVE DIRECTOR)

BCom (Hons), CA (SA), Advanced Management Programme (INSEAD), Advanced Certificate in Taxation, Advanced Certificate in Treasury Management

After completing his articles at Coopers & Lybrand in 1995, Riaan held various managerial positions in treasury and corporate finance at Iscor Limited, Kumba Resources Limited, and Exxaro Resources Limited. Riaan was our general manager for corporate finance and treasury for ten years until he was appointed finance director in July 2016."

GERALDINE  FRASER-MOLEKETI
GERALDINE FRASER-MOLEKETI

LEAD INDEPENDENT DIRECTOR (SOCIAL AND ETHICS COMMITTEE CHAIR, REMUNERATION AND NOMINATION COMMITTEE)

Leadership Programme (Wharton), Fellow of the Institute of Politics (Harvard)

In addition to her role as a lead independent non-executive director, Geraldine is a member of both Exxaro’s Social and Ethics Committee, and Remuneration and Nomination Committee. She is a fellow of the Institute of Politics at the Harvard Kennedy School and has completed a leadership course at Wharton Business School at the University of Pennsylvania. She has been recognised with several awards, including the OP Dwivedi Public Service Award from the International Association of Schools and Institutes of Public Administration, and a special award for outstanding achievement from the University of Pretoria’s School of Public Management and Administration. Geraldine serves as chancellor of the Nelson Mandela University, and as a non-executive director on the board of the Standard Bank Group and Standard Bank South Africa."

LIKHAPHA  MBATHA
LIKHAPHA MBATHA

DIRECTOR (DEVELOPMENT PRACTITIONER, SOCIAL AND ETHICS COMMITTEE)

BA LLB (University of Lesotho), LLM (University of the Witwatersrand)

Likhapha is a coach at the National Movement of Rural Women (NMRW), mentoring coordinators on development methods and systems, project preparation, finance, and management. Here, she also supervises and evaluates small and medium development projects. Likhapha understands that a lack of education, poor health and nutrition, government policies, and the exploitative nature of humans are uncontrolled variables that can lead to poverty. As such, she focuses on development as an opportunity for affected individuals to still lead quality lives within their communities, despite their circumstances."

VINCENT ZWELIBANZI  MNTAMBO
VINCENT ZWELIBANZI MNTAMBO

NON-EXECUTIVE DIRECTOR (REMUNERATION AND NOMINATION COMMITTEE)

BJuris, LLB (North-West University), LLM (Yale)

Zwelibanzi is executive chairman of Xalam Performance. He was previously a senior lecturer at the University of Natal, executive director of IMSSA, director-general of the Gauteng Province and chairman of the Commission for Conciliation, Mediation and Arbitration. He is chairman of Main Street 333 (Pty) Ltd. He is also a director of SA Tourism Proprietary Limited and a trustee of the Palaeontological Scientific Trust."

LENAMILE ISAAC  MOPHATLANE
LENAMILE ISAAC MOPHATLANE

INDEPENDENT NON-EXECUTIVE DIRECTOR (INVESTMENT COMMITTEE CHAIR, AUDIT COMMITTEE, SOCIAL AND ETHICS COMMITTEE)

BA (University of Pretoria)

Isaac is a co-founder, shareholder, and director of the Randvest Group – a private investment firm that specialises in leveraged acquisitions and strategic investments in technology companies. Isaac is also a co-founder of BCX, one of Africa’s leading technology companies, and currently serves as an independent NED of Crossfin Technology, a fintech investment holding company. Isaac is chairman of Bothomed and a member of the Black Management Forum, the Electronics Industries Federation of South Africa, and the Black Information Technology Forum. He is also non-executive deputy chairman of the Catholic Institute of Education and trustee of the St Patrick's Christian Brothers' College in Kimberley."

MANDLESILO  MSIMANG
MANDLESILO MSIMANG

MSC (REGULATION), LONDON SCHOOL OF ECONOMICS; BA CORNELL UNIVERSITY

Ms Mandlesilo "Mandla" Msimang to the Board as an independent non-executive director, with effect from 15 March 2021.

Mandla is the Chief Executive Officer of Nozala Investments, a woman owned private equity firm with a diversified portfolio in the minerals and energy sector and in industrial and consumer services. Nozala's assets include blue chip South African companies such as Sasol Oil and Woodlands Dairy. Prior to joining Nozala, Mandla established and ran a pan-African ICT policy and regulatory advisory firm whose clients include mobile operators, regulators and governments across Africa and the Middle East. Prior to that Mandla gained telecoms experience working at the sector regulator and with a mobile operator in senior roles. Mandla is a seasoned executive who has operated at C-suite level, an entrepreneur and an ICT regulations and policy expert. With her richness of skills and experience in the governance and ICT sector, both nationally and internationally, including the African continent, and strong leadership capability, Mandla will support Exxaro's growth strategy in energy."

VUYISA  NKONYENI
VUYISA NKONYENI

INDEPENDENT NON-EXECUTIVE DIRECTOR (AUDIT COMMITTEE CHAIR, INVESTMENT COMMITTEE)

BSc (Hons), Postgraduate Diploma in Accounting, CA(SA)

Vuyisa has over 15 years’ experience in private equity and investment banking. He served his training contract as a chartered accountant with PricewaterhouseCoopers and then joined Deutsche Bank in 1997, where he gained investment banking experience in corporate and project finance advisory work. He serves on the boards of Emira Property Fund and Idwala Industrial Holdings Proprietary Ltd. He has served as financial director of Worldwide African Investment Holdings (Pty) Ltd and director at Actis LLP in their black-economic-empowerment funding unit. He was appointed chief executive officer of Kagiso Tiso Holdings in January 2012".

CHANDA JOANNE  NXUMALO
CHANDA JOANNE NXUMALO

INDEPENDENT NON-EXECUTIVE DIRECTOR

MEng (University of Oxford)

Chanda has 15 years of experience working in the renewable energy and power sector. Having worked across North America and Europe, she has experience delivering technical, commercial and environmental advisory services in the renewables sector. As a director of Harmattan Renewables, she has been responsible for providing technical consultancy and asset management services for renewable energy projects across Sub-Saharan Africa. For the past decade, Chanda has been instrumental in driving the renewable energy roll-out in South Africa, acting as the spokesperson for the South African Photovoltaic (“PV”) Association as well as consulting on some of the first renewable projects to be delivered as part of South Africa’s Renewable Energy Independent Power Producer Procurement Program. Chanda holds an honours degree in Mechanical Engineering, Economics and Management from Oxford University. With her richness of skills and experience in the energy field, both nationally and internationally, including the African continent, and strong leadership capability, Chanda will support Exxaro’s growth strategy in energy."

PETRUS CASPARUS CHRISTIAAN HENDRIK  SNYDERS
PETRUS CASPARUS CHRISTIAAN HENDRIK SNYDERS

INDEPENDENT NON-EXECUTIVE DIRECTOR (SUSTAINABILITY, RISK AND COMPLIANCE COMMITTEE CHAIR, INVESTMENT COMMITTEE, SOCIAL AND ETHICS COMMITTEE)

BEng (Mining), Diploma in Marketing Management, MCom in Business Management, Mine Manager’s Certificate of Competency (Coal and Metalliferous)

Peet currently works at Submex Investment – a company focused on niche coal projects. With 14 years of experience as a director, he has held positions of COO at Sable Mining Africa and Continental Coal, director of operations at Keaton Energy, managing director at Riversdale Holdings, and business manager at Anglo Platinum. He is currently a member of the South African Institute of Mining and Metallurgy, having previously served as chairman for their northern region. Peet also filled the position of vice president of the South African Colliery Managers' Association."

ISAAC  MALEVU
ISAAC MALEVU

NON-EXECUTIVE DIRECTOR AND MEMBER OF THE INVESTMENT COMMITTEE

CA(SA) Bachelor of Commerce: (University of Witwatersrand) Post Graduate Diploma in Accounting: (University of Natal) Member of South African Institute of Chartered Accountants (SAICA)

Mr Malevu is a registered chartered accountant with the South African Institute of Chartered Accountants and is the current Chief Financial Officer of the Industrial Development Corporation (“IDC”). Before joining the IDC, he was an audit partner at EY and then joined Standard Bank Corporate Investment Banking as finance executive.

Bennetor  Magara
Bennetor Magara

INDEPENDENT NON-EXECUTIVE DIRECTOR

BSc Honours (Mining Engineering), Advanced Management Programme (GIBS), Accelerated Management Development Programme (London Business School)

Ben is a mining veteran of over 30 years has a strong technical foundation in coal and platinum mining coupled by business leadership and operational management in both underground and surface mining as well as soft and hard rock mining. Some of his past roles include the Executive Head (Engineering and Projects) for Anglo American Platinum, and Chief Executive Officer of Anglo Coal South Africa. Ben’s most recent role was Chief Executive of Lonmin Public Limited Company. His previous board memberships include Anglo American South Africa, Foskor, Rustenburg Platinum Mines and Chairman of Richards Bay Coal Terminal. He is the founder and chairman of Africa Mining & Metals Group and is a current non-executive director on the boards of both The Weir Group Public Limited Company and Grindrod Limited.

Billy  Mawasha
Billy Mawasha

INDEPENDENT NON-EXECUTIVE DIRECTOR

BSc Engineering (Electrical), Government Certificate of Competency for Engineers, Factories (Electrical), Government Certificate of Competency for Engineers, Mines and Works (Electrical), Global Leadership and Public Policy for the 21st Century, Harvard Kennedy School, Advanced Management Programme, Kellogg School of Management, Accelerated Development Programme, London Business School, Programme for Management Development (GIBS)

He is a certified director with the Institute of directors of Southern Africa and the South African Institute of Electrical Engineers. Billy offers strong operational and technical leadership experience in the mining sector as former Kumba Iron Ore head of operations and integration and former Country Head of Rio Tinto in South Africa. He is the founder of an investment company, and also provides strategic and technical leadership to his investee companies. Previous board memberships include Foskor Limited Technical Committee and Sishen Iron Ore Company Limited. He is currently a non-executive director of Murray & Roberts Holdings Limited and Metair Investments Limited

Karin  Ireton
Karin Ireton

INDEPENDENT NON-EXECUTIVE DIRECTOR

MA (International Political Economy), University of Leeds; International Programme for the Management of Sustainability, Netherlands; Environmental Impact Assessment and Management, University of Aberdeen

Karin has over 30 years of experience in sustainability matters in coal power generation mining and banking sectors. She is an international specialist in sustainability issues. She is currently an independent consultant focused on strategies for growth, risk identification and management, transparency, and disclosure. A significant focus of her current work is the impact of climate change on business and the need to reduce emissions and adapt business strategies. Prior to this she was the Group Head of Sustainability for Standard Bank Group and a Head of Sustainable Development for Anglo American Public Limited Company, amongst others. Previous board experience includes Aureus Mining Incorporated, National Business Initiative and Member Representative for Standard Bank, Institute of Directors South Africa Chairman Sustainable Development Forum, JSE Limited SRI Advisory Committee, UNEP Finance Initiative Chairman Climate Change Action Group Global Steering Committee Member.

Phumla  Mnganga
Phumla Mnganga

INDEPENDENT NON-EXECUTIVE DIRECTOR

PhD (Entrepreneurship/Entrepreneurial Studies) (Wits Business School), MBL (Business and Management), (UNISA), BEd, University of KwaZulu-Natal, BA, University of KwaZulu-Natal

Dr Pumla Mnganga is the founder and Managing Director of Lehumo Women’s Investment Holdings, a woman owned and managed investment holding company. Prior to this, she was employed as group head of human resources for the Tongaat Hulett Group with oversight over investor relations, and previously as a change management senior consultant at Deloitte. Dr Mnganga has previously chaired the board of the University of KwaZulu Natal, the board of Gold Circle Proprietary Limited and of the Siyazisa Trust, a large rural community. She currently serves as an independent non-executive director on four JSE listed companies which include the Altron Group, Adcorp, the Spar Group and Novus Holdings.

The Executive Committee drives the strategy, sets performance and culture expectations, and the governance framework for Exxaro, including its subsidiary companies, trusts, and joint ventures.

MXOLISI DONALD MBUYISA  MGOJO
MXOLISI DONALD MBUYISA MGOJO

CHIEF EXECUTIVE OFFICER

BSc Computer Science, BSc (Hons) Energy Studies, MBA, Advanced Management Programme (Wharton)

Mxolisi Mgojo has been in the mining industry since 2001. Prior to that, his career includes 10 years as a software engineer and 8 years in the finance industry including Societé Generale Investment Banking. Mgojo has been with Exxaro Resources since its inception in 2006, heading the Base Metals and Industrial Minerals business before being appointed as the Executive Head of Coal in August 2008. In May 2015 he was appointed as CEO Designate and took over the reins from Sipho Nkosi as Chief Executive Officer on 1 April 2016. Before joining Exxaro, Mgojo was a founder member of Eyesizwe Coal where he was the Marketing and Logistics Manager. Mgojo sits on the boards of Exxaro Resources and Tronox Limited. On 24 May 2017 Mgojo was elected as the President of the Minerals Council South Africa (MCSA) after serving on the then Executive Council of the Council since 2015 and the Collieries Committee of the Council prior to becoming a member of the Council’s Executive Council. Mgojo got re-elected again for a fourth term as the President of MCSA in June 2020. Mgojo has a BSc degree in Computer Science (Northeastern University, USA), an Honours degree in Energy Studies (Rand Afrikaans University), a Diploma in International Financial Management and an MBA (Henley Management College, UK). He has also completed a Societé Generale Investment Banking and Corporate Finance Programme (Kellogg, USA) and an Advanced Management Programme (Wharton). In January/February 2018 Mxolisi attended the Executive Programme at Singularity University in San Francisco, USA."

DR NOMBASA  TSENGWA
DR NOMBASA TSENGWA

CEO DESIGNATE

Ph.D. (Agronomy) (University of Maryland) Executive Development Programme (INSEAD)

As Managing Director Minerals, it is my responsibility to oversee the operations and functioning of the Coal Business and its ventures that are managed by Exxaro Coal, where I have been working for the past fourteen years. Additionally, I assist the CEO with the formulation and execution of Exxaro’s strategy. Managing the growth of the Coal commodity through strategic initiatives, as well as the marketing and logistics of all products, is my mandate."

PIETER ADRIAAN  KOPPESCHAAR
PIETER ADRIAAN KOPPESCHAAR

FINANCE DIRECTOR (EXECUTIVE DIRECTOR)

BCom (Hons), CA (SA), Advanced Management Programme (INSEAD), Advanced Certificate in Taxation, Advanced Certificate in Treasury Management

After completing his articles at Coopers & Lybrand in 1995, Riaan held various managerial positions in treasury and corporate finance at Iscor Limited, Kumba Resources Limited, and Exxaro Resources Limited. Riaan was our general manager for corporate finance and treasury for ten years until he was appointed finance director in July 2016."

MONGEZI  VETI
MONGEZI VETI

EXECUTIVE HEAD: SUSTAINABILITY

National Higher Diplomas in Metalliferous Mining and Coal Mining (Technicon Witwatersrand), MBL (Unisa), Advanced Management Programme (Wharton), Mine Overseer’s Certificate and Mine Manager’s Certificate of Competency for Fiery Mines

Mr Veti holds a Masters Degree in Business Leadership (MBL) from UNISA. He also holds a Mining Engineering Diploma from the University of Johannesburg. In 2009, he completed advanced management program at Wharton, University of Pennsylvania in the USA. He also holds a Mine overseer's Certificate and Mine Manager's Certificate of Competency for fiery mines. In the early '80, Veti worked for Anglo Gold Western deep Levels and later joined Sasol Mining In 1994. In 2002, he became Mine Manager at Arnot and was appointed General Manager Area 2 in Exxaro soon after the merger. In 2010, Mr Veti was appointed General Manager: Safety Health Environment and Community. In 2012 Mr Veti was elected President of the South African Colliery Managers' Association (SACMA). In 2015, Mr Veti was appointed Executive Head: Sustainability, which is his current position."

JOHAN GERHARD  MEYER
JOHAN GERHARD MEYER

EXECUTIVE HEAD: PROJECTS AND TECHNOLOGY

B Eng (Metallurgy), MBA, Advanced Management Programme (INSEAD)

Being an innovative and passionate executive, Johan works to shape and implement Exxaro’s core strategy. Managing coal growth projects to create future value beyond 2025 and optimising Exxaro’s ‘Resources to Market’ journey all fall under his scope of responsibility. However, the most important facet of Johan’s work is being an authentic leader, creating hope for Exxaro employees and the citizens of South Africa."

VANISHA  BALGOBIND
VANISHA BALGOBIND

EXECUTIVE HEAD: HUMAN RESOURCES

BA (Hons) (Industrial Psychology), M (Industrial Psychology), Management Development Programme (GIBS), Masters in Business Leadership (UNISA)

Vanisha is a registered industrial psychologist with over 20 years’ experience in the mining industry. She first started her career in 1997 as an HR graduate trainee. Since then, she was appointed at Exxaro as the manager for the talent management and centre of expertise, manager for corporate projects and HR optimisation and the group manager for talent and learning. She is the chairperson of the Exxaro Women in Mining Committee and serves on various other Exxaro subsidiary companies. Her passion lies in education and women empowerment as well as finding integration between work and having quality family time."

MZILA ISAAC  MTHENJANE
MZILA ISAAC MTHENJANE

EXECUTIVE HEAD: STAKEHOLDER AFFAIRS

BSc (Mining Eng), Senior Management Development Programme (GIMT)

Mzila is a mining engineer with combined experience in mining and investment banking of 20 years. This includes seven years in deep-level gold mining at AngloGold Ashanti and Gold Fields Limited in senior mine management and corporate development roles, respectively; and six years in investment banking at RMB and Deutsche Bank. His knowledge of business sustainability was honed over six years as an executive at Royal Bafokeng Holdings and Royal Bafokeng Platinum. He assumed his current role in May 2013. Mzila also serves as the 2019/2020 president of the Southern African Institute of Mining and Metallurgy (SAIMM)."

ALEX  DE ANGELIS
ALEX DE ANGELIS

EXECUTIVE HEAD: STRATEGY AND BUSINESS TRANSFORMATION

BSc Mechanical Engineering

Alex has a mechanical engineering background, with mining experience across a range of commodities. In his early career, Alex worked at several platinum and gold mines across South Africa and Australia. He later moved into strategy consulting, where he spent 13 years working on large-scale strategy, transformation, and innovation projects across a variety of companies and industries. In 2018, Alex joined Exxaro where he has been leading business excellence, with a focus on integrating lean process improvements through digital tools and enablers.


The governing body should set the tone and lead ethically and effectively, govern the ethics of the organisation in a way that supports the establishment of an ethical culture and ensure that the organisation is and is seen to be a responsible corporate citizen.

Ethical culture
Performance and value creation
Adequate and effective control
Trust, good reputation, and legitimacy