Company: Exxaro Resources
Country: South Africa
Sector: Mining
CEO: Ben Magara
Website: https://www.exxaro.com/
Careers Page: https://www.exxaro.com/careers/
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Centurion, Gauteng, South Africa
Founded: 2006
Valuation/Revenue: $1,974m revenue (African Business Top 250, FY2024/2025, rank 79); market cap approx. R53.4bn as of Dec 2021 (Wikipedia, dated)
Exxaro Resources is a Johannesburg Stock Exchange-listed South African mining company and one of the country’s largest black-empowered resources groups. It is best known as a top-five domestic coal producer, supplying thermal coal to Eskom and export markets, while also pushing into renewable energy generation and other minerals such as manganese as it diversifies away from fossil fuels.
What Does Exxaro Resources Do?
Exxaro mines and sells coal from operations across South Africa, supplying both the domestic power utility Eskom and seaborne export markets via the Richards Bay Coal Terminal. Beyond coal, the group has built a renewable-energy portfolio through its subsidiary Cennergi, which operates wind farms, and has been investing in future commodities including manganese as part of a stated strategy to “power a cleaner world.” The company was previously known as Kumba Resources before a 2006 restructuring split off the iron-ore business (which became Kumba Iron Ore) and left the remaining assets to be renamed Exxaro.
How Big Is Exxaro?
African Business’s Top 250 companies ranking placed Exxaro 79th by revenue, with turnover of roughly $1.97 billion. Its market capitalisation was estimated at about R53.4 billion (assets of R75.7 billion) at the end of 2021, though that figure predates several years of coal-price swings and would need updating from current JSE pricing for a precise 2026 snapshot. Exxaro is one of the larger diversified miners on the JSE and is regularly cited among South Africa’s biggest black-controlled industrial companies.
Who Is the CEO of Exxaro Resources?
Ben Magara serves as Chief Executive Officer of Exxaro Resources. According to the company’s own leadership pages, Magara is a mining veteran with more than three decades of experience and a background in both coal and platinum operations. He leads an executive committee that includes a finance director and executive heads covering coal, energy, metals, sustainability, technical services, strategy, commercial affairs and people functions — reflecting the group’s push to run coal, renewables and new-commodity businesses under one roof.
Who Owns Exxaro?
Exxaro is a subsidiary of Main Street 333 Proprietary Limited, an entity tied to the company’s broad-based black economic empowerment (BEE) ownership structure, which has long been a defining feature of Exxaro relative to peers on the JSE. The remaining shares trade freely on the open market. The stock is primarily listed on the Johannesburg Stock Exchange (JSE: EXX) with a secondary listing on the A2X exchange, approved in 2020 to widen trading access.
Is Exxaro Publicly Traded?
Yes. Exxaro has been listed on the JSE since its 2006 restructuring and separation from the iron-ore business, and it carries a secondary listing on A2X Markets. As a listed company it publishes interim and annual results, and its share price and coal-market exposure are closely tracked by South African mining analysts given the country’s continued reliance on coal-fired power generation.
Where Is Exxaro Headquartered?
Exxaro’s head office is in Centurion, Gauteng — specifically at what the company calls “the conneXXion” building on West Avenue in Die Hoewes, a site it moved into in 2019. Centurion sits between Pretoria and Johannesburg and hosts a number of major South African corporate headquarters.
How Do I Apply for a Job at Exxaro?
Exxaro posts vacancies through a dedicated careers section on its corporate website (exxaro.com/careers), which lists open roles across its coal operations, renewable energy business and corporate functions, along with graduate and bursary programmes that are common recruiting channels for South African mining companies.
What Has Exxaro Been in the News For Recently?
Exxaro’s recent coverage has centred on its energy transition strategy: expanding renewable generation capacity through Cennergi, refinancing activity to fund growth, and progress on manganese and other “future materials” projects intended to reduce the group’s long-term dependence on thermal coal. As with other South African coal miners, Exxaro continues to navigate a difficult balance between near-term profitability from coal (still a major revenue driver given Eskom’s ongoing reliance on coal-fired power) and long-term diversification pressure from investors and regulators focused on decarbonisation.
How Does Exxaro Compare to Its Competitors?
Exxaro competes most directly with other major South African coal producers such as Thungela Resources, Glencore’s South African coal operations, and Seriti Resources, as well as diversified miners like AECI and Sibanye-Stillwater in the broader JSE resources sector. Its BEE ownership structure and renewable-energy diversification differentiate it somewhat from pure-play coal peers like Thungela.
How Old Is Exxaro?
Exxaro traces its roots to the former Kumba Resources, from which it was formed in November 2006 when Kumba’s iron-ore assets were separated into a standalone company (Kumba Iron Ore) and the remaining diversified mining assets were renamed Exxaro. That makes Exxaro, in its current corporate form, roughly two decades old, though its underlying coal mining operations and BEE ownership heritage extend further back into South Africa’s mining-sector transformation efforts of the early 2000s.
Links
Website: https://www.exxaro.com/
Careers Page: https://www.exxaro.com/careers/
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is Exxaro legit?
Yes. Exxaro is a long-established, JSE-listed mining company with audited annual results, a public leadership team and decades of operating history in South African coal mining.
How old is Exxaro?
Exxaro was formed in 2006 when it was renamed and restructured following the unbundling of the former Kumba Resources.
Who is the CEO of Exxaro Resources?
Ben Magara is Exxaro’s Chief Executive Officer.
Is Exxaro publicly traded?
Yes, on the Johannesburg Stock Exchange (JSE: EXX), with a secondary listing on A2X Markets.
Where is Exxaro headquartered?
In Centurion, Gauteng, South Africa.
How do I contact Exxaro?
Through the contact and careers pages on exxaro.com; no public general-inquiry email address was found.