Annexure: acronyms
Adjusted Group Earnings
Group core net profit after tax (excluding SIOC core equity-accounting income)
less NCI of Exxaro subsidiaries (excluding NCI of Eyesizwe)
Amakhala SPV
Amakhala Emoyeni RE Project 1 (RF) Proprietary Limited
AMSA
Arcelor Mittal SA Limited
API4
All publications index 4 (FOB Richards Bay 6 000/kcal/kg)
BEE
Black economic empowerment
BEE Parties
Black Mountain Mining Proprietary Limited
Black Mountain
Black Mountain Proprietary Limited
Capex
Capital expenditure
Cennergi
Cennergi Proprietary Limited group of companies
Chifeng
Chifeng NFC Zinc Co. Limited
Companies Act
Companies Act of South Africa No 71 of 2008, as amended
cps
Cents per share
DCF
Discounted cash flow
DMRE
Department of Mineral Resources and Energy
DMTN
Domestic Medium-Term Note
EBITDA
Net operating profit before interest, tax, depreciation, amortisation, impairment
charges or impairment reversals and net losses and gains on the disposal of
assets and investments (including translation differences recycled to profit or
loss)
ECC
Exxaro Coal Central Proprietary Limited
ECL(s)
Expected credit loss(es)
ESD
Enterprise and supplier development
Exxaro
Exxaro Resources Limited (the group or the company)
Eyesizwe
Eyesizwe (RF) Proprietary Limited, a special purpose private company which has
a 30.81% shareholding in Exxaro
FerroAlloys
Exxaro FerroAlloys Proprietary Limited
Ferroland
Ferroland Grondtrust Proprietary Limited
FOB
Free on board
FVOCI
Fair value through other comprehensive income
FVPL
Fair value through profit or loss
GDP
Gross domestic product
GWh
Gigawatt hour
HEPS
Headline earnings per share
IAS
International Accounting Standard(s)
IASB
International Financial Reporting Standards
IFRIC
IFRS Interpretations Committee
IFRS
International Financial Reporting Standard(s)
Insect Technology
Insect Technology Group Holdings UK Limited
JIBAR
Johannesburg Interbank Average Rate
JSE
JSE Limited
JV
Joint venture
KPMG
KPMG Inc.
kt
Kilo tonnes
LightApp
LightApp Technologies Limited
Listings Requirements
JSE Listings Requirements
LoM
Life of mine
LSP
Lephalale Solar Photovoltaic Project
LTIFR
Lost-time injury frequency rate
Mafube
Mafube Coal Proprietary Limited
MPRDA
Mineral and Petroleum Resources Development Act 28 of 2002
Mt
Million tonnes
NCI(s)
Non-controlling interest(s)
OCI
Other comprehensive income
Overlooked Colliery
Overlooked Colliery Proprietary Limited
Prime Rate
South African prime bank rate
RBCT
Richards Bay Coal Terminal Proprietary Limited
Rbn
Rand billion
Rm
Rand million
SAICA
The South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves, 2016 edition
SIOC
Sishen Iron Ore Company Proprietary Limited
SLP(s)
Social, ethics and responsibility committee
SMME(s)
Small, medium and micro-enterprises
SPA
Sale and purchase agreement
SSCC
Semi-soft coking coal
TFR
Transnet Freight Rail
Thungela
Thungela Resources Limited, through its subsidiary South Africa Coal
Operations Proprietary Limited
Tsitsikamma SPV
Tsitsikamma Community Wind Farm Proprietary Limited
UK
United Kingdom
US
United States of America
US$
United States dollar
VAT
Value Added Tax
WANOS
Weighted average number of shares