Exxaro
Corporate brand
UnclaimedSouth African diversified resources company focused primarily on thermal, metallurgical and semi-soft coking coal, with interests in iron ore, base metals and renewable energy.
Last updated August 31, 2026
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Overview
Exxaro Resources Limited is a South African diversified resources company whose principal business is coal mining. The company is one of South Africa’s largest coal producers and supplies thermal coal to domestic power-generation customers as well as export markets. Its mining portfolio includes thermal, metallurgical and semi-soft coking coal operations, with assets located mainly in South Africa. The company was created in 2006 when Kumba Resources Limited changed its name to Exxaro Resources Limited. The rebranding marked the formation of a broader resources group rather than a company limited to a single mineral or mine. Coal remains the core of the business, but Exxaro has also maintained exposure to other natural resources and energy activities. These include an equity interest in Kumba Iron Ore through the Sishen Iron Ore Company, an interest in the Black Mountain lead-and-zinc mine, and renewable-energy activities conducted through Cennergi. Exxaro’s operating coal portfolio includes Grootegeluk, Leeuwpan, Belfast, Matla and Mafube. Grootegeluk is a major integrated operation producing thermal coal for domestic and export use, as well as metallurgical and semi-soft coking coal. Leeuwpan and Belfast produce coal for thermal and metallurgical markets, while Matla is a tied colliery associated with Eskom’s power-generation system. Mafube is operated as a joint venture with Thungela and supplies both domestic and export markets. The group’s diversification also includes renewable power. Exxaro Cennergi owns or develops renewable-energy projects, including wind facilities in South Africa’s Eastern Cape and solar and wind projects at different stages of development. Cennergi also provides asset-management services for renewable-energy projects. This activity reflects Exxaro’s effort to participate in the energy transition while retaining a substantial position in coal, a major component of South Africa’s electricity and industrial economy. Exxaro has presented technology, operational efficiency and sustainability as important elements of its long-term strategy. In 2012, it announced a “mine of the future” concept aimed at reducing waste and emissions, eliminating effluent and improving the sustainability of mining engineering. In 2019, the company moved to a new headquarters in Centurion, Gauteng. The building, known as the conneXXion or cXX, was designed to achieve a five-star energy rating. In 2020, Exxaro received approval for a secondary listing on the A2X stock exchange. Exxaro is listed on the Johannesburg Stock Exchange under the ticker EXX. It is controlled through Main Street 333 Proprietary Limited. The company’s identity combines a large South African coal-mining platform with selected interests in iron ore, base metals and renewable energy. Its principal strategic challenge is balancing the continuing economic importance of coal with decarbonisation pressures, environmental requirements and the expansion of lower-carbon energy activities.
History
Exxaro’s corporate history begins with Kumba Resources Limited, a South African resources company that was renamed Exxaro Resources Limited in November 2006. The new name established a broader corporate identity for a group whose principal activity was, and remains, mining. Exxaro subsequently developed into one of South Africa’s leading coal producers, with operations serving both the country’s domestic energy and industrial customers and international export markets. Coal became the centre of Exxaro’s operating portfolio. The group’s mines produce several grades and categories of coal, including thermal coal, metallurgical coal and semi-soft coking coal. Its principal operating assets include Grootegeluk, Leeuwpan, Belfast, Matla and Mafube. Grootegeluk is a particularly important operation within the portfolio, producing coal for domestic and export markets as well as metallurgical and semi-soft coking applications. Leeuwpan and Belfast also serve thermal and metallurgical markets. Matla operates as a tied colliery connected with Eskom’s power-generation requirements, while Mafube is a joint-venture colliery with Thungela. Exxaro has not been limited to coal. The company has an interest in Kumba Iron Ore through a 26% equity holding in the Sishen Iron Ore Company and an interest in the Black Mountain lead-and-zinc mine through a 25% holding. These investments give Exxaro exposure to iron ore and base metals alongside its core coal business. The group has also built a renewable-energy platform through Exxaro Cennergi. The company’s renewable-energy activities include operational wind farms in South Africa’s Eastern Cape, including Tsitsikamma and Amakhala Emoyeni. Cennergi has also been associated with solar development and the Karreebosch wind project, with projects supported through partnerships and project financing. In addition to owning and developing renewable facilities, Cennergi provides asset-management services for renewable-energy projects. This expansion gives Exxaro a route into electricity generation and lower-carbon energy while the group continues to operate substantial coal assets. Technology and sustainability became more visible themes in Exxaro’s strategic communications during the 2010s. In October 2012, the company announced a “mine of the future” concept. The concept targeted zero waste emissions, zero effluent, wash-to-zero processing and more sustainable engineering. It represented an attempt to link mining productivity with environmental performance and to anticipate changing expectations around resource extraction. In 2019, Exxaro relocated its headquarters to Centurion in Gauteng. The new building, called the conneXXion or cXX, was designed with a five-star energy rating and became a physical expression of the company’s emphasis on energy efficiency and a modern corporate identity. In 2020, Exxaro obtained approval for a secondary listing on the A2X exchange, extending its public-market presence beyond its primary Johannesburg Stock Exchange listing. As of the referenced 2025 operating description, Exxaro’s business remains anchored by its South African coal mines, complemented by investments in iron ore and lead-zinc mining and a growing renewable-energy portfolio. The company’s long-term position depends on managing the tension between coal’s continuing role in South African energy and export economies and the regulatory, financial and environmental pressure to reduce carbon intensity. Exxaro’s diversification into renewable energy and its focus on mine technology are central elements of that response.
- 2020
A2X secondary listing approved
[1]Exxaro received approval for a secondary listing on the A2X stock exchange.
- 2019
New conneXXion headquarters opens
[1]Exxaro moved its headquarters to the conneXXion building in Centurion, Gauteng, which was designed with a five-star energy rating.
- 2012
Mine-of-the-future concept announced
[1]Exxaro announced a mine-of-the-future concept targeting lower waste emissions and effluent together with more sustainable engineering and processing.
- 2006
Kumba Resources adopts the Exxaro name
[1]Kumba Resources Limited changed its name to Exxaro Resources Limited in November, creating the corporate identity used by the group today.
Products and positioning
A major South African coal producer diversifying its resources portfolio through iron ore, base metals and renewable energy while emphasizing operational technology and sustainability.
Coal
Thermal coal
Thermal coal is Exxaro’s principal product category. It is supplied to domestic South African customers, including power-generation uses, and to export markets. Grootegeluk, Leeuwpan, Belfast, Matla and Mafube contribute to the company’s thermal-coal portfolio, with Matla operating as a tied colliery associated with Eskom.
Coal
Metallurgical and semi-soft coking coal
Exxaro produces metallurgical coal and semi-soft coking coal for industrial and export applications. Grootegeluk is identified as producing both metallurgical and semi-soft coking coal, while Leeuwpan, Belfast and Mafube also have metallurgical-coal output.
Mineral investment
Iron ore
Exxaro has iron-ore exposure through its 26% equity interest in the Sishen Iron Ore Company, associated with Kumba Iron Ore. This is an investment interest rather than a separately identified Exxaro-operated mine in the referenced material.
Base-metal investment
Lead and zinc
Exxaro holds a 25% interest in the Black Mountain lead-and-zinc mine. The holding broadens the group’s mineral exposure beyond coal and iron ore.
Energy
Renewable energy
Through Exxaro Cennergi, the group owns or develops renewable-energy assets and provides asset-management services. The referenced portfolio includes operational wind farms in South Africa’s Eastern Cape, a solar project under development and the Karreebosch wind project under construction.
Brand decisions
2020
Obtain a secondary A2X listingStrategyBackground
Exxaro was already listed on the Johannesburg Stock Exchange and pursued an additional public-market listing.
Action taken
The company received approval for a secondary listing on the A2X stock exchange.
Aftermath
The approval expanded Exxaro’s exchange presence; the referenced material does not state subsequent trading or financial effects.
2012
Develop a mine-of-the-future modelStrategyBackground
Exxaro sought to address the environmental and operational challenges associated with mining through a concept centred on reduced waste emissions, no effluent and more sustainable engineering.
Action taken
The company announced a mine-of-the-future concept incorporating zero-waste-emissions, zero-effluent and wash-to-zero objectives.
Aftermath
The concept became part of Exxaro’s public positioning around technology and sustainable mining; the referenced sources do not quantify its financial or operational results.
Recent events
Reported
Exxaro and the University of Pretoria establish an XR technology research partnership[3]
Exxaro announced a partnership with the University of Pretoria to establish the Exxaro Chair in Extended Reality Technology, focusing on XR applications for mining challenges, including mining safety.
Reported
Exxaro announces sale of three coal operations to Overlooked Colliery[4]
Exxaro said it had sold its Dorstfontein, Forzando and Tumelo operations, collectively known as Exxaro Coal Central, to Overlooked Colliery. The transaction was awaiting regulatory approvals and was expected to close in the second half of 2021.
Exxaro announces 2020 results and record dividend[5]
Exxaro announced higher 2020 earnings and a record dividend distribution, including a cash dividend of 1,243 cents per share and a total 2020 dividend of 1,886 cents per share.
Mining companies and municipality launch enterprise development workshops[6]
Exxaro, Steve Tshwete local municipality and mining companies Arnot OpCo, Anglo American Coal South Africa and Glencore partnered to establish an enterprise development centre for local entrepreneurs in Mhluzi; executives attended the launch of industrial workshops on November 27.
Growthpoint-developed Exxaro headquarters receives WELL certification[7]
The Growthpoint-developed Exxaro headquarters in Pretoria received Silver Level WELL Core and Shell Certification from the International WELL Building Institute.
Sources7 sources
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