Exxaro Resources Limited

Integrated report for the year ended
31 December 2023

Home
our business

our business

Our business

Exxaro is positioning itself to navigate a rapidly evolving landscape, with environmental sustainability and social equity as key drivers. Led by our purpose, we will not only adapt but thrive, transforming our operations to provide resources that contribute to a cleaner, more equitable world.

Navigating this report Building momentum and resilience for sustainable growth and impact About this report Delivering sustainable value creation

Snapshot of our long-term value creation Chairperson's statement Who we are Our operating context
How we
create value

How we
create value

Drivers of value creation

We are driven by our purpose to power better lives in Africa and beyond as we navigate a just transition, considering the needs of our stakeholders, towards a clean world.

Our business model Our material matters Our risks and opportunities Engaging our stakeholders
Positioning the
business for growth

Positioning the
business for growth

Strategically positioning the business for growth

Our Sustainable Growth and Impact strategy will deliver our long-term strategic objectives, measured and managed through KPIs for our progress on the journey to become carbon neutral by 2050.

CEO's report Our strategy Performance against our strategy and outlook
Building resilience
through governance

Building resilience
through governance

Building resilience through governance

Our governance processes and practices steer us in the right direction with the pillars of exemplary corporate citizenship – transparency, accountability and integrity – as our guides.

Our leadership Summarised governance report Board key matters in focus Ethical culture Performance and value creation Adequate and effective control Trust, good reputation and legitimacy Audit committee

Investment committee Logistics committee Nomination committee Remuneration committee Risk and business resilience committee Social, ethics and responsibility committee Combined assurance for effective governance
Our
performance

Our
performance

Our performance

Our values and culture are driving us towards our goals for society and the environment at large: we are empowered to grow and contribute within honest and responsible teams who are committed to excellence.

Finance director's overview Operational performance Business resilience Building momentum with people

Social impact Our environmental stewardship Responding to TCFD reporting requirements
Our Mineral Resources
and Mineral Reserves

Our Mineral Resources
and Mineral Reserves

Our Mineral Resources and Mineral Reserves

We are capitalising on our existing asset base, which underpins our transition from coal mining towards a future in minerals and energy, equipping us to flourish in a low-carbon economy.

Exxaro Resource and Reserve reporting strategy Notes on our operations and projects Glossary Administration
Downloads

Glossary

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

CMRR

Consolidated Mineral Resources and Mineral Reserves

COP28

2023 UN Climate Change Conference of the Parties

CSI

Corporate social investment

DEI

Diversity, equity and inclusion

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)

ECD

Early childhood development

ESD

Enterprise and supplier development

ESOP

Employee share ownership plan

ERM

Enterprise risk management

Exxaro

Exxaro Resources Limited

HEPS

Headline earnings per share

HPI

High-potential incident

IFRS

International Financial Reporting Standards

JKT

Japan, Korea and Taiwan

JSE

JSE Limited

King IV

King IV Report on Corporate Governance for South Africa^TM, 2016

KPI

Key performance indicator

LoM

Life of mine

LSP

Lephalale solar project

LTI

Lost-time injury

LTIFR

Lost-time injury frequency rate

Mining Charter III

Broad-based Socio-economic Empowerment Charter for the Mining and Minerals Industry 2018

MoI

Memorandum of incorporation

OHIFR

Occupational health incident frequency rate

PAIA

Promotion of Access to Information Act, 2002 (Act 2 of 2002)

POPIA

Protection of Personal Information, 2013 (Act 4 of 2013)

RBCT

Richards Bay Coal Terminal Proprietary Limited

RBR

Risk and business resilience

ROCE

Return on capital employed

RoM

Run of mine

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

STI

Short-term incentive

TCFD

Task Force on Climate-Related Financial Disclosures

TFR

Transnet Freight Rail

UNGC

United Nations Global Compact

Report Selector

Report Index