Headquarters
    South Africa
    Stock Exchange Listings
    JSE: EXX
    Workforce
    Employees: 6,500 (31/12/2018)
    Contract workers: 10,000 (31/12/2018)
    Total: 16,500 (31/12/2018)
    Geographic Footprint
    Producing countries: 2
    Known tax jurisdictions: 7
    Revenues (in BUSD)
    Total Revenue: 1.777 (31/12/2018)
    Net Income: 0.487 (31/12/2018)
    State Ownership
    No State ownership
    2017 Fatalities
    Total worker fatalities: 1
    • Employees: 1
    • Contract workers: 0
    Others: Not reported
    2018 Fatalities
    Total worker fatalities: 0
    • Employees: 0
    • Contract workers: 0
    Others: Not reported
    Home countries, where the company is headquartered
    Producing countries, where the company has mining operations
    Mine sites selected for mine-site-level assessment

    Summary of Results


    Absolute results remain low overall and Exxaro Resources’ results are largely dependent on the formal commitments it has made, to prevent bribery and corruption, follow a lifecycle approach, and ensure safe and healthy working conditions. The company also shows evidence of an approach to closure planning that aims to ensure continued livelihood viability for affected communities.

    Exxaro Resources ranks 26th among the 38 companies on its mine-site-level results, with an average score of only 5% in the mine-site assessment.

    Exxaro Resources’ overall results in the company wide assessment are below the average across all 38 companies in four of the six thematic areas: Business Conduct, Community Wellbeing, Working Conditions, and Environmental Responsibility.

    Exxaro Resources’ results are limited by a lack of evidence of action on a number of key issues, including human rights. For example, while the company has a human rights policy, it shows no evidence of conducting human rights due diligence processes or tracking and reviewing its performance on managing human rights issues. In addition, Exxaro Resources shows no evidence of systematically assessing and addressing the risks of human rights abuses related to its security management, or the risks of child labour or forced labour in its operations and supply chains, and the company.

    Exxaro Resources is associated with a leading practice on disclosure of data on its Scope 3 greenhouse gas emissions.

    Moreover, the overall results of the five Exxaro Resources mine sites included in the mine-site assessment are strikingly weak. None of these five mine sites show any relevant evidence on seven of the ten issues covered: local employment, local procurement, community grievances, worker grievances, air quality, water quality and emergency preparedness.

    Overall results

    Economic Development

    1.71 / 6.002020
    1.80 / 6.002018

    Business Conduct

    1.63 / 6.002020
    1.08 / 6.002018

    Lifecycle Management

    1.86 / 6.002020
    0.94 / 6.002018

    Community Wellbeing

    0.53 / 6.002020
    0.40 / 6.002018

    Working Conditions

    1.64 / 6.002020
    2.06 / 6.002018

    Environmental Responsibility

    1.03 / 6.002020
    0.89 / 6.002018

    Average Mine-Site Score

    5%2020
    2020
    1.71
    score / 6
    2018
    1.80
    score / 6

    Economic Development

    2020
    1.63
    score / 6
    2018
    1.08
    score / 6

    Business Conduct

    2020
    1.86
    score / 6
    2018
    0.94
    score / 6

    Lifecycle Management

    2020
    0.53
    score / 6
    2018
    0.40
    score / 6

    Community Wellbeing

    2020
    1.64
    score / 6
    2018
    2.06
    score / 6

    Working Conditions

    2020
    1.03
    score / 6
    2018
    0.89
    score / 6

    Environmental Responsibility

    2020
    5
    %

    Average Mine-Site Score

    Results per measurement area

    Commitment

    (9 indicators)

    Action

    (42 indicators)

    Effectiveness

    (20 indicators)

    Results per indicator

    Economic Development

    Mine-site Results

    Mine sites selected for individual assessment (but not included in the overall company score)
    Dorstfontein complexGrootegelukLeeuwpanMafubeMatla
    Local Employment
    (score /3)
    0.00.00.00.00.0
    Local Procurement
    (score /3)
    0.00.00.00.00.0
    Post-Closure Plans
    (score /3)
    0.50.50.50.50.5
    Community Grievances
    (score /3)
    0.00.00.00.00.0
    Worker Grievances
    (score /3)
    0.00.00.00.00.0
    Air Quality
    (score /3)
    0.00.00.00.00.0
    Water Quality
    (score /3)
    0.00.00.00.00.0
    Water Quantity
    (score /3)
    0.51.01.00.51.0
    Tailings Management
    (score /3)
    0.00.00.01.00.0
    Emergency Preparedness
    (score /3)
    0.00.00.00.00.0
    Mine-site Score
    (%)
    3.35.05.06.75.0

    Operational mine sites

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining types
    Cooljarloo*-Australia24TitaniumOpen-pit
    Dorstfontein complexDCMW, DCME, Rietkuil, VhakoniSouth Africa74CoalOpen-pit, Underground
    ForzandoForzando North Colliery (FZON), Forzando South Colliery (FZOS)South Africa87CoalUnderground
    Green River*-USA0Trona oreOpen-pit
    Grootegeluk-South Africa100CoalOpen-pit
    KwaZulu-Natal Sands*KZNSouth Africa24TitaniumOpen-pit
    Leeuwpan-South Africa100CoalOpen-pit
    MafubeNooitgedachtSouth Africa50CoalOpen-pit
    Matla-South Africa100CoalUnderground
    Namakwa Sands*-South Africa24TitaniumOpen-pit
    North Block ComplexNBC, Glisa, Eerstelingsfontein, Strathrae, BelfastSouth Africa100CoalOpen-pit
    *not included in RMI assessment

    Closed mine sites (known)
    (controlled assets under care & maintenance, closure or post-closure management)

    Mine Site NameAliasesCountryCompany's share (%)ProductsMining typesYear of closure
    Arnot-South Africa100CoalUnderground2016
    New Clydesdale CollieryNCCSouth Africa100CoalUnderground2013
    Tshikondeni-South Africa100CoalUnderground2011
    Tumelo-South Africa49CoalUnderground2015

    Shareholders (known)

    As of: 31/10/2019Shares (%)
    Eyesizwe (RF) Proprietary Limited (ex-NewBEECo)30.00%
    Public Investment Corporation (SOC) Limited11.04%
    Coronation Fund Managers Limited7.67%
    Prudential Portfolio Managers (South Africa) (Pty) Ltd4.79%
    Investec Asset Management (Pty) Ltd.3.78%
    The Vanguard Group, Inc.2.48%
    Dimensional Fund Advisors, L.P.1.77%
    BlackRock Institutional Trust Company, N.A.1.24%
    APG Asset Management N.V.1.07%
    Sanlam Investment Management (Pty) Ltd.0.68%
    Causeway Capital Management LLC0.51%
    Old Mutual Investment Group (South Africa) (Pty) Limited0.44%
    Fairtree Asset Management (Pty) Ltd0.36%
    Momentum Asset Management (Pty) Ltd.0.33%
    Mellon Investments Corporation0.31%

    Beneficial Owners (known)

    As of: 31/12/2018Shares (%)
    MDM Mgojo1.31
    VZ Mntambo1.24
    D Mashile-Nkosi1.18
    PA Koppeschaar<0.01%

    Subsidiaries (known)

    As of: 31/12/2018Country
    Aquicure Proprietary Limited5South Africa
    Clipeus Investment Holdings Proprietary Limited6South Africa
    Coastal Coal Proprietary LimitedSouth Africa
    Colonna Properties Proprietary LimitedSouth Africa
    Cullinan Refractories Proprietary LimitedSouth Africa
    Dorstfontein Coal Mines Proprietary LimitedSouth Africa
    Dorstfontein Coal Mines Proprietary Limited (74)South Africa
    Eloff Mining Company Proprietary Limited (51)9South Africa
    Exxaro Australia Iron Holdings Proprietary Limited7Australia
    Exxaro Australia Iron Investments Proprietary Limited6Australia
    Exxaro Australia Proprietary LimitedAustralia
    Exxaro Base Metals and Industrial Minerals Holdings Proprietary LimitedSouth Africa
    Exxaro Base Metals China LimitedHong Kong
    Exxaro Base Metals International BVNetherlands
    Exxaro Chairman’s FundSouth Africa

    Tax Jurisdictions (known)

    Australia

    Botswana

    China

    Hong Kong

    Netherlands

    South Africa

    Switzerland

    Investor / State Disputes
    (since 2014)

    No case