The purpose of LoM planning underlying our Resource and Reserve estimation is to unlock maximum value from the coal in the ground for Exxaro, taking margin and net value into consideration. Each orebody has a unique mining methodology, processing parameters and targeted market segment that deliver maximum value to shareholders. This is impacted by updated Resource information, developments in mining and processing technology and changes in market dynamics.
Consequently, the optimum exploitation strategy needs to be continually reviewed to ensure applicable Resources reach the most lucrative markets. This ongoing iterative process is illustrated below. A relentless drive to reduce the environmental footprint of operations is embedded in the process, and the continuous impact of the evolving legislative landscape is reflected in designs.
Figure 3: Resource-to-market model