Acronyms
Adjusted Group Earnings |
Group adjusted net profit after tax (excluding SIOC adjusted equity-accounting income) less NCI of Exxaro subsidiaries (excluding NCI of Eyesizwe) |
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Amakhala SPV |
Amakhala Emoyeni RE Project 1 (RF) Proprietary Limited |
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AMSA |
Arcelor Mittal South Africa Limited |
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API4 |
All publications index 4 (FOB Richards Bay 6000/kcal/kg) |
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BEE |
Black economic empowerment |
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BEE Parties |
External shareholders of Eyesizwe |
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Black Mountain |
Black Mountain Proprietary Limited |
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Capex |
Capital expenditure |
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Cennergi |
Cennergi Proprietary Limited group of companies |
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Chifeng |
Chifeng NFC Zinc Co. Limited |
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Companies Act |
Companies Act of South Africa No 71 of 2008, as amended |
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CV |
Calorific Value |
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DCF |
Discounted cash flow |
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DMRE |
Department of Mineral Resources and Energy |
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DMTN |
Domestic Medium-Term Note |
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DWS |
Department of Water and Sanitation |
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EBITDA |
Net operating profit before interest, tax, depreciation, amortisation, impairment charges or impairment reversals and net losses or gains on the disposal of assets and investments (including translation differences recycled to profit or loss) |
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ECC |
Exxaro Coal Central Proprietary Limited or ECC group of companies |
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ECL(s) |
Expected credit loss(es) |
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ESD |
Enterprise and supplier development |
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Exxaro |
Exxaro Resources Limited (the group or the company) |
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Eyesizwe |
Eyesizwe (RF) Proprietary Limited, special purpose private company which has a 30.81% shareholding in Exxaro |
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FerroAlloys |
Exxaro FerroAlloys Proprietary Limited |
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FEC(s) |
Forward foreign exchange contract(s) |
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Ferroland |
Ferroland Grondtrust Proprietary Limited |
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FOB |
Free on board |
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FVOCI |
Fair value through other comprehensive income |
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FVPL |
Fair value through profit or loss |
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GDP |
Gross domestic product |
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GWh |
Gigawatt hour |
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HEPS |
Headline earnings per share |
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IAS |
International Accounting Standard(s) |
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IASB |
International Accounting Standards Board |
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IFRS |
International Financial Reporting Standard(s) |
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JIBAR |
Johannesburg Interbank Average Rate |
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JSE |
JSE Limited |
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JV |
Joint venture |
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KPMG |
KPMG Inc. |
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kt |
Kilo tonnes |
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LoM |
Life of mine |
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LSP |
Lephalale Solar Photovoltaic Project |
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LSP SPV |
Lephalale Solar Proprietary Limited |
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LTIFR |
Lost-time injury frequency rate |
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Mafube |
Mafube Coal Proprietary Limited |
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Mt |
Million tonnes |
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NCI(s) |
Non-controlling interest(s) |
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OCI |
Other comprehensive income |
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Overlooked Colliery |
Overlooked Colliery Proprietary Limited |
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PPI |
Producer Price Index |
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Prime Rate |
South African prime bank rate |
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RBCT |
Richards Bay Coal Terminal Proprietary Limited |
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Rbn |
Rand billion |
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Rm |
Rand million |
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SAICA |
South African Institute of Chartered Accountants |
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SIOC |
Sishen Iron Ore Company Proprietary Limited |
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SMME(s) |
Small, medium and micro-enterprise(s) |
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SSCC |
Semi-soft coking coal |
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TFR |
Transnet Freight Rail |
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Thungela |
Thungela Resources Limited, through its subsidiary South Africa Coal Operations Proprietary Limited |
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Tsitsikamma SPV |
Tsitsikamma Community Wind Farm Proprietary Limited |
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UK |
United Kingdom |
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US$ |
United States dollar |
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USA |
United States of America |
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VAT |
Value Added Tax |
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WANOS |
Weighted average number of shares |