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Exxaro Resources Limited
Integrated report 2022

Glossary

ALL
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
U
W
Adjusted earnings
Group earnings adjusted for non-recurring items (referred to as non-core adjustments)
AGM
Annual general meeting
API4
Argus/McCloskey Coal Price Index
B-BBEE
Broad-based black economic empowerment
Black Mountain
Black Mountain Mining Proprietary Limited
BU
Business unit
Cennergi
Cennergi Proprietary Limited
CEO
Chief executive officer
CMRR
Consolidated Mineral Resources and Mineral Reserves
COP27
2022 UN Climate Change Conference of the Parties
CSI
Corporate social investment
DFFE
Department of Forestry, Fisheries and the Environment
DMRE
Department of Mineral Resources and Energy
dtic
Department of Trade, Industry and Competition
DWS
Department of Water and Sanitation
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 transaction differences recycled to profit or loss)
ECC
Exxaro Coal Central Proprietary Limited (divestment concluded in September 2021)
EME
Exempt micro-enterprises
ESD
Enterprise and supplier development
ESG
Environmental, social and governance
ESOP
Employee share ownership plan
ERM
Enterprise risk management
EWP
Employee wellness programme
Exxaro
Exxaro Resources Limited
FECs
Forward exchange contracts
GBV
Gender-based violence
GDP
Gross domestic product
GG6
Grootegeluk 6
GHG
Greenhouse gas
HEPS
Headline earnings per share
HPI
High-potential incident
IDC
Industrial Development Corporation
IFRS
International Financial Reporting Standards
IPP
Independent power producer
JSE
JSE Limited
King IV
King IV Report on Corporate Governance for South Africa, 2016
KPI
Key performance indicator
LoM
Life of mine
LTI
Lost-time injury
LTIFR
Lost-time injury frequency rate
MCWAP
Mokolo Crocodile Water Augmentation Project
MCWAP2
Mokolo Crocodile Water Augmentation Project Crocodile River system
Mining Charter III
Broad-based Socio-economic Empowerment Charter for the Mining and Minerals Industry 2018
MoI
Memorandum of incorporation
NBI
National Business Initiative
NDC
Nationally determined contribution
NGO
Non-governmental organisation
NPAT
Net profit after tax
OHIFR
Occupational health incident frequency rate
PIT
Professionals in training
POPIA
Protection of Personal Information, 2013 (Act 4 of 2013)
QSE
Qualifying small enterprise
RBCT
Richards Bay Coal Terminal Proprietary Limited
RBR
Risk and business resilience
ROCE
Return on capital employed
RoM
Run of mine
RRODA
Renewable energy risk and opportunity domain analysis
SAMREC Code
The South African Code for the Reporting of Exploration Results, Mineral Resources and Mineral Reserves, 2016 edition
SDG
Sustainable Development Goal
SERC
Social, ethics and responsibility committee
SIOC
Sishen Iron Ore Company Proprietary Limited
SLP
Social and labour plan
SMME
Small, medium and micro-enterprise
SPV
Special purpose vehicle
STI
Short-term incentive
TCFD
Task Force on Climate-Related Financial Disclosures
TFR
Transnet Freight Rail
Tronox SA
Tronox KZN Sands Proprietary Limited and Tronox Mineral Sands Proprietary Limited
UNGC
United Nations Global Compact
WUL
Water use licence
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UNDERSTANDING OUR BUSINESS
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Driving transition through leadership
Driving value creation through transition
About our integrated report
Chairperson's statement
About Exxaro
Sustainable growth and impact
Our operating context

DRIVERS OF VALUE CREATION
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Our business model
Our material matters
Our business risks and opportunities
Creating value through stakeholder engagement

TRANSITIONING THE BUSINESS FOR GROWTH
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CEO's report
Our strategy: positioning Exxaro for sustainable growth and impact
Performance against our strategy and future focus
2022 strategic key performance indicators
Key strategic trade-offs

GOVERNANCE FOR VALUE CREATION
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Our leadership
Summarised governance report
Combined assurance for effective governance

OUR PERFORMANCE
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Finance director's overview
Operational performance
Business resilience
Our people
Social licence to operate: enabling our legitimacy
Our environment: stewardship and compliance
Responding to TCFD reporting requirements

OUR MINERAL RESOURCES AND MINERAL RESERVES
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Our mineral resources and mineral reserves

ADDITIONAL INFORMATION
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Glossary
Administration