Integrated report 2019
Exxaro Resources Limited
Environmental, social and governance report
MDM Mgojo - Mxolisi (59)CEO Qualifications: BSc Computer Science, BSc (Hons)(Energy Studies), MBA, Advanced Management Programme (Wharton) Experience: Previously at Eyesizwe Coal, Mxolisi was responsible for marketing and logistics. After Exxaro's formation, he managed the base metals and industrial minerals commodity business before being appointed to head coal operations from August 2008. Mxolisi was appointed CEO designate on 1 May 2015 and CEO on 1 April 2016. Mxolisi is a director of Talent10 Holdings and Dynamo Investment Holdings. He was elected president of the Chamber of Mines (now Minerals Council South Africa) on 24 May 2017. V Balgobind - Vanisha (46)Executive head: human resources Qualifications: BA (Hons)(Industrial Psychology), MA (Industrial Psychology), Management Development Programme (GIBS). Masters in Leadership (UNISA) Experience: Vanisha is a registered industrial psychologist with 20 years' experience in the mining industry. She joined former Iscor Mining in 1997 as a human resources graduate trainee. She was employed at Kumba Resources as a human resource business partner and within the talent management area between 1998 and 2006. Since then she has been appointed at Exxaro as manager of the talent management and staffing centre of expertise, manager of corporate projects and human resource optimisation, and group manager for talent and learning. She is chairperson of the Exxaro women in mining committee and serves on various other Exxaro subsidiary companies. Her passion is in education and women empowerment as well as finding integration between work and quality family time. JG Meyer - Johan (51)Executive head: projects and technology Qualifications: BEng (metallurgy), MBA, Advanced Management Programme Experience: Johan started his career in production management at Iscor Pretoria Steel Works. He has worked at KZN Sands, headed the research and development in Kumba Resources, part of the leadership team at Mineral Sands (Tronox), and has been business unit manager of Zincor and Exxaro corporate office. His current role as executive is focused on delivering the coal growth projects of approximately R20 billion and developing integrated resource and reserve life-of-mine plans. He is passionate about leading people and powering better lives. MI Mthenjane - Mzila (49)Executive head: stakeholder affairs Qualifications: BSc (Eng)(Mining), Senior Management Development Programme (GIMT), Executive Development Programme (EDP), Advanced Management Programme (INSEAD, France) Experience: Mzila is a mining engineer with more than 25 years' combined experience in mining, investment banking and sustainability. This includes seven years in precious metals in deep-level gold mining at AngloGold Ashanti and Gold Fields in senior mine production management and corporate development roles, and six years in the platinum sector as senior investment manager and executive: business sustainability at Royal Bafokeng Holdings and Royal Bafokeng Platinum, respectively. His tenure in investment banking included four years at Rand Merchant Bank and two years at Deutsche Bank in various roles, including corporate and project finance. Mzila has been with Exxaro, in his current role, leading our stakeholder management and communication portfolio, since May 2013. N Tsengwa - Nombasa (55)Executive head: coal operations Qualifications: PhD (Agronomy) (University of Maryland, College Park, US), Executive Development Programme (INSEAD, France) Experience: Dr Tsengwa has more than 18 years of executive management and board experience in the public and private sectors. In 2003, she joined Kumba Resources as general manager: safety, health and environment. In 2007, she became executive general manager: safety and sustainable development. In 2010, she became directly involved with the management of coal operations, as general manager of captive mines and general manager of Mpumalanga operations. In 2015, she was appointed acting executive head of coal operations and then executive head of coal operations in July 2016. She is the 2017 winner of the Standard Bank Business Woman of the Year award and the 2018 winner of the Pan African Award for Africa's most influential woman in business and government within the mining category. An avid long-distance runner, she has completed nine Comrades marathons. |
AW Diedericks - Wim (52)Executive head: strategy and business development Qualifications: BEng (Mining) (University of Pretoria), Executive Development Programme (Darden, USA) Experience: Wim started his career as a bursar at former Iscor from 1986 to 1990 and was appointed as an engineer-in-training at Thabazimbi mine in 1992. He was further employed at Iscor's Durnacol, Tshikondeni, Sishen and Rosh Pinah, as well as the Kumba Resources head office and Thabazimbi mine. Since Exxaro's formation, he has held senior leadership positions at KZN Sands, Grootegeluk, Mpumalanga Coal Commercial Region and corporate office. PA Koppeschaar - Riaan (49)Finance director Qualifications: CA(SA), Advanced and Associate programmes in Treasury Management, Advanced Diploma in Taxation, Advanced Management Programme (INSEAD, France), Certificate in Theory of Accounting. Member of the Association of Corporate Treasurers of South Africa Experience: Riaan started his career with Coopers and Lybrand. After completing his articles, he branched into the fields of treasury, investment management and corporate finance. He has held various senior management positions at Iscor, Kumba Resources and Exxaro until his appointment as finance director of Exxaro on 1 July 2016. He is a director of several Exxaro subsidiary companies, joint ventures and a trustee and investment committee member of the Exxaro Pension and Provident funds. M Veti - Mongezi (52)Executive head: sustainability Qualifications: National Higher Diploma in Metalliferous Mining and Coal Mining (Technikon Witwatersrand), MBL (Unisa), Advanced Management Programme (Wharton), Mine Overseer's Certificate and Mine Manager's Certificate of Competency for Fiery Mines Experience: In the early 1980s, Mongezi worked for AngloGold at Western Deep Levels. He 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, before assuming his current role in February 2010. Mongezi was later, in May 2015, appointed as executive head: sustainability at Exxaro. SE van Loggerenberg - Saret (44)Qualifications: BLC, LLB (Pretoria) Eur Int (cum laude), LLM (Eur) (European Institute, University of Saarland), Certificate in compliance risk management (Johannesburg), Certificate in mining law (Witwatersrand), Advanced certificate in corporate and securities law (Unisa), Fellow of Institute of Chartered Secretaries, Member of International Institute of Risk Management Experience: Saret joined KPMG in 2002, advising clients on the legal aspects of information security, privacy and data protection. She joined Exxaro in 2008 as assistant company secretary, becoming manager: risk and compliance in 2012, security, privacy and data protection. As senior manager of the regulatory and compliance services team, she advised clients on compliance programmes and reviews as part of internal and external audit. |
Diversity of our executive team
| (i) Racial diversity | (ii) Gender diversity | (iii) Diversity of age | ||
| Executive – racial diversity (%) | Executive – gender diversity (%) | Executive – age diversity (%) | ||
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Role and responsibility of the executive committee
The executive committee assists the CEO in acting for the board in managing the business of the company when the board is not in session, subject to the statutory limits and the board's limitations on delegation of authority to the CEO and the executive committee specifically. The executive committee, in carrying out its duties, has due regard to the code of governance principles in the King IV and the memorandum of incorporation of the company.
The board therefore reserved overall responsibility for establishing the business objectives and targets of the company as well as the strategic direction and control of the company's business activities. Between meetings of the board, the executive committee is authorised, subject to the powers delegated to it and subject to reporting its significant decisions to the next available meeting of the board, to take on behalf of the board whatever management action it considers to be necessary to safeguard the interests of the company and to further the strategy, business objectives and targets established by the board.
Within the authorities delegated to it by the board, our executive committee is responsible for:
Attendance
The executive team had four executive committee meetings and four special executive committee meetings in the reporting period. The high level of attendance is testament to their commitment to managing the business.
| Executive committee member | Designation | Attendance (%) | |
| MDM Mgojo | Chief executive officer and chairman | 75 | |
| V Balgobind | Executive head: human resources | 100 | |
| AW Diedericks | Executive head: business development | 100 | |
| PA Koppeschaar | Finance director | 100 | |
| JG Meyer | Executive head: projects and technology | 75 | |
| MI Mthenjane | Executive head: stakeholder affairs | 88 | |
| N Tsengwa | Executive head: coal operations | 88 | |
| M Veti | Executive head: sustainability | 75 | |
| SE van Loggerenberg (ex officio) | Group company secretary | 88 |
Group company secretary
Ms SE van Loggerenberg was appointed as the group company secretary from 1 October 2017. The board recognises the pivotal role that the group company secretary plays in the establishment of effective processes and systems to ensure that good corporate governance forms part of the fibre of the organisation and is entrenched in the organisation's culture.
The role and responsibilities of the group company secretary are to:
In compliance with paragraph 3.84(i) of the JSE Listings Requirements, an annual evaluation of the incumbent company secretary was carried out to consider and satisfy itself of Ms van Loggerenberg's competence, qualifications and experience.
The formal evaluation confirmed:
The board is comfortable that she maintains an arm's length relationship with individual directors and confirms that she is neither a director nor a public officer of the company or any of its subsidiaries.
