Company: Exxaro Resources
Country: South Africa
Sector: Coal
CEO: Ben Magara (CEO)
Website: https://www.exxaro.com
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Centurion, Gauteng, South Africa
Founded: 2006 (renamed from Kumba Resources Limited; company marked its 20th anniversary in 2026)
Valuation/Revenue: $2,223.7m revenue and $2,817.5m market value (African Business Top 250, 2025 ranking); market capitalization was reported at R53.4bn as of December 2021 in older Wikipedia sourcing
Exxaro Resources is one of South Africa’s largest diversified mining companies, ranking among the country’s top coal producers while also expanding into iron ore, mineral sands and renewable energy. Headquartered in Centurion, Gauteng, and listed on the Johannesburg Stock Exchange, Exxaro describes itself as one of South Africa’s largest black-empowered resources companies.
What Does Exxaro Do?
Exxaro’s core business remains coal mining, supplying both the South African domestic market — notably state utility Eskom’s coal-fired power stations — and export markets. Its major coal operations include the Grootegeluk, Matla, Belfast and Leeuwpan mines. Beyond coal, Exxaro holds equity investments in iron ore (through its stake in Sishen Iron Ore Company) and lead-zinc mining, and has built out a renewable energy portfolio, including wind and solar assets through its Cennergi subsidiary. The company has publicly stated an ambition to transition “from a coal base to a minerals and renewable energy solutions business,” positioning itself for South Africa’s longer-term energy transition while continuing to derive the bulk of current earnings from coal.
How Big Is Exxaro?
African Business magazine’s Top 250 African companies ranking for 2025 placed Exxaro’s revenue at roughly $2.22 billion and its market value at approximately $2.82 billion. Older sourcing had put the company’s market capitalization at around R53.4 billion as of the end of 2021, though this figure predates several years of commodity price cycles and would not reflect current market pricing. Exxaro is a constituent of major JSE indices and holds a secondary listing on the A2X exchange, which it obtained in 2020.
Who Owns Exxaro?
Exxaro Resources Limited is majority held through Main Street 333 Proprietary Limited, a broad-based black economic empowerment (BBBEE) vehicle, reflecting the company’s structure as one of South Africa’s most prominent black-empowered mining groups. The remaining shares are held by public and institutional shareholders through its JSE listing.
Who Is the CEO of Exxaro?
Ben Magara serves as CEO of Exxaro, as confirmed in 2026 press coverage of the company’s operational and renewable-energy milestones. He leads the group’s strategy of balancing continued coal production with expansion into minerals and renewable energy assets.
What Has Exxaro Been in the News For Recently?
In 2026, Exxaro was covered for continuing to expand its wind and solar generation assets “without shrinking coal” output, reflecting the tension many South African mining and energy companies face between decarbonization commitments and the near-term reality of coal demand from Eskom and export markets. The company also marked its 20th anniversary in 2026, having been created in 2006 through the renaming and restructuring of the former Kumba Resources.
How Does Exxaro Compare to Its Competitors?
Within South African coal, Exxaro’s main competitors include Thungela Resources (which was spun out of Anglo American’s South African coal assets), Glencore’s South African coal operations, and Seriti Resources, which has taken over several coal assets divested by international majors. In iron ore, Exxaro’s equity stake gives it exposure alongside dominant producer Kumba Iron Ore (itself part of Anglo American), while in renewables it competes with a broader set of independent power producers active in South Africa’s REIPPPP programme and private power market.
Where Is Exxaro Headquartered?
Exxaro’s head office, known as “The Connexxion,” is located at 263B West Avenue, Die Hoewes, Centurion, Gauteng, South Africa.
Links
Website: https://www.exxaro.com
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Who is the CEO of Exxaro?
Ben Magara.
What does Exxaro produce?
Primarily coal, with additional exposure to iron ore, mineral sands and renewable (wind/solar) energy.
Is Exxaro publicly traded?
Yes, on the Johannesburg Stock Exchange, with a secondary listing on A2X.
Who owns Exxaro?
Main Street 333 Proprietary Limited, a black economic empowerment vehicle, is the majority shareholder; the rest is held by public/institutional investors via the JSE.
How old is Exxaro?
It was formed in 2006 through the renaming of Kumba Resources, marking 20 years in 2026.
Where is Exxaro based?
Centurion, Gauteng, South Africa.
How Does Exxaro’s Coal Business Fit Into South Africa’s Energy Mix?
South Africa remains heavily dependent on coal for electricity generation, with state utility Eskom operating a fleet of coal-fired power stations that have historically consumed the majority of domestically mined coal. Exxaro’s position as a top-five domestic coal producer makes it a strategically important supplier to Eskom, even as the company publicly commits to diversifying toward renewables and minerals over the medium to long term. This dual role — supplying a still-coal-dependent grid while investing in the post-coal transition — is a defining tension in Exxaro’s current corporate strategy and a theme regularly picked up in South African financial and energy press coverage.
What Is Exxaro’s Workforce and Operational Footprint?
Exxaro operates multiple large-scale coal mining complexes across South Africa’s Mpumalanga and Limpopo coal belts, including the Grootegeluk mine — one of the largest coal mining operations in the country by volume — alongside Matla, Belfast and Leeuwpan. These operations support thousands of direct jobs and many more in surrounding mining communities, making Exxaro a significant contributor to regional employment and, through its BBBEE ownership structure via Main Street 333, a notable example of broad-based black economic empowerment in South African heavy industry.