Company report
Summary Results
Exxaro Resources’s achieves one of the five strongest results for Economic Development, largely due to its company-wide systems for skills development to enhance the national skills base and local employability within producing countries. The other area where Exxaro Resources sees its strongest results is Working Conditions, as it has made a formal commitment on providing a safe and healthy working environment, taken measures to operationalise this policy and track and improve its performance on this issue.
Overall, Exxaro Resources’s performance is limited by a lack of evidence of action on a number of Community Wellbeing issues. This includes, for example, no evidence of a formal commitment to respect human rights, no evidence of the company having conducted human rights due diligence, and no evidence of public reporting of its performance on managing human rights issues. In addition, the company shows no evidence of tracking its performance on managing its socio-economic impacts within local communities.
The maximum value of 1.000 represents the aggregation of best scores achieved for all indicators in a given thematic area, taking into account all companies’ results. As the aggregate best score varies from one area to another, these charts cannot be used to compare company performances across different areas.
All company results are based on public domain data that have been sourced by RMI analysts or provided by companies. In the case of a few companies, very little information was available. It is important to note that a low score may only reflect a lack of relevant information in the company’s publicly available documentation.
Relative company performance
Commitment (11 indicators)
Action (41 indicators)
Effectiveness (21 indicators)
Indicator-by-indicator results
Economic Development
A.01 National and Regional Socio-Economic Development Planning
A.02 Procurement
A.03 Capacity Building
A.04 Enhancing the National Skills Base
Selected Mine sites results
Mine sites individually assessed but not included
in the overall company score
| Mine Site Name | Local Procurement (score /6.00) | Local Employment (score /6.00) | Community grievance mechanism (score /6.00) | Workers grievance mechanism (score /6.00) | Water quality and quantity (score /6.00) | Biodiversity management (score /6.00) | Mine site (score /6.00) |
|---|---|---|---|---|---|---|---|
| Grootegeluk | 0 | 1 | 0 | 0 | 3 | 0 | 0.67 |
| Leeuwpan | 0 | 1 | 0 | 0 | 3 | 0 | 0.67 |
| Matla | 0 | 1 | 0 | 0 | 3 | 0 | 0.67 |
| North Block Complex | 0 | 1 | 0 | 0 | 3 | 0 | 0.67 |
List of all mine sites
| Mine Site Name | Aliases | Country | Company's share (%) | Products | Mining types |
|---|---|---|---|---|---|
| Cooljarloo | Australia | 43.98 | Titanium | Open-pit | |
| Green River | USA | 43.98 | Trona ore | Open-pit | |
| Grootegeluk | South Africa | 100 | Coal | Open-pit | |
| KwaZulu-Natal Sands | KZN | South Africa | 58.55 | Titanium | Open-pit |
| Leeuwpan | South Africa | 100 | Coal | Open-pit | |
| Mafube (Exxaro)* | Nooitgedacht | South Africa | 50 | Coal | Open-pit |
| Matla | South Africa | 100 | Coal | Underground | |
| Namakwa Sands | South Africa | 58.55 | Titanium | Open-pit | |
| North Block Complex | NBC, Glisa, Eerstelingsfontein, Strathrae, Belfast | South Africa | 100 | Coal | Open-pit |
Closed mine sites (controlled assets under care & maintenance, closure or post-closure management)
| Mine Site Name | Aliases | Country | Company's share (%) | Products | Mining types | Year of closure |
|---|---|---|---|---|---|---|
| Arnot | South Africa | 100 | Coal | Underground | 2016 | |
| Ingcambu | South Africa | 50 | Coal | Open-pit, Underground | 2007 | |
| New Clydesdale Colliery | NCC | South Africa | 100 | Coal | Underground | 2013 |
| Tshikondeni | South Africa | 100 | Coal | Underground | 2011 |
Assets sold during the assessment period
| Mine Site Name | Aliases | Country | Products | Mining types |
|---|---|---|---|---|
| Inyanda | South Africa | Coal | Open-pit |
Main Shareholders
| As of: 09/02/2018 | Shares (%) |
|---|---|
| Main Street 333 (Pty) Ltd. | 30.51 |
| Coronation Fund Managers Limited | 12.53 |
| Public Investment Corporation Limited | 5.91 |
| Investec Asset Management (Pty) Ltd. | 4.2 |
| The Vanguard Group, Inc. | 2.29 |
| Dimensional Fund Advisors, L.P. | 1.75 |
| Mntambo (V Zwelibanzi) | 1.41 |
| Prudential Portfolio Managers (South Africa) (Pty) Ltd | 1.33 |
| APG Asset Management | 1.08 |
| BlackRock Institutional Trust Company, N.A. | 1.05 |
| Zihlangu (Dalikhaya) | 0.68 |
| Causeway Capital Management LLC | 0.61 |
| AQR Capital Management, LLC | 0.45 |
| Caisse de Depot et Placement du Quebec | 0.39 |
| Goldman Sachs Asset Management International | 0.33 |
Known Subsidiaries
| As of: 31/12/2016 | Country |
|---|---|
| African Iron Exploration SA | Congo |
| African Iron Proprietary Limited | Australia |
| AKI Exploration (Bermuda) Proprietary Limited | Bermuda |
| AKI Exploration Proprietary Limited | Australia |
| AlloyStream Holdings Proprietary Limited | South Africa |
| AlloyStream Proprietary Limited | South Africa |
| Cennergi | South Africa |
| Clipeus Investment Holdings Proprietary Limited | South Africa |
| Coastal Coal Proprietary Limited | South Africa |
| Colonna Properties Proprietary Limited | South Africa |
| Cullinan Refractories Proprietary Limited | South Africa |
| DMC Iron Congo SA | Congo |
| DMC Mining Proprietary Limited | Australia |
| Dorstfontein Coal Mines Proprietary Limited | South Africa |
| Eloff Mining Company Proprietary Limited | South Africa |
Known Tax Jurisdictions
| Australia | Bermuda | Botswana | China | Congo | Hong Kong |
| Mauritius | Netherlands | South Africa | Switzerland | USA |
Recent involvements in Investor/State investment disputes (since 2014)
Disclaimer
The findings, conclusions and interpretations within this 2018 Responsible Mining Index (RMI) report do not necessarily represent the views of funders, trustees, and employees of the Responsible Mining Foundation, and others who participated in consultations and as advisors to the report.
This report is intended to be for information purposes only and is not intended as promotional material in any respect. The report is not intended to provide accounting, legal, tax or investment advice or recommendations, neither is it intended as an offer or solicitation for the purchase or sale of any financial instrument. In order to fully understand the methodology of the 2018 Responsible Mining Index, the respective sections on the website should be consulted.
The RMI seeks evidence of companies’ policies and practices on economic, environmental, social and governance (EESG) issues, but does not seek to measure the actual outcomes achieved on EESG issues. Results are based only on evidence sourced from the public domain or provided by companies as open data. Whilst this information is believed to be reliable, no guarantee can be given that it is accurate or complete, nor does it preclude the possibility that policies and practices may exist, but which the RMI has not been able to consider for purposes of assessment. In this respect, the results of the low-scoring companies do not necessarily reflect a lack of relevant policies and practices; as they may be due to a lack of public reporting by the companies, limitations in accessing information, and/or any difficulties in accessing the RMI company portal.
It should be noted that, prior to publication, all companies in the Index were invited to check the factual accuracy of the contextual data and evidence upon which the Index is based and to review company information in the RMI document library.
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