Podcasts about Exxaro

Leon Groenewald, besturende direkteur van Cennergi, 'n filiaal van Exxaro, gesels oor sy agtergrond, loopbaan, industrie, en wat hy doen om te ontspan. Volg RSG Geldsake op Twitter

Scope Prime's Kea Nonyana unpacks Exxaro's manganese move — and whether a truce on tariffs could dull gold's sparkle. Absa's Abrie Rautenbach weighs in on how tariffs are biting into South Africa's agri sector. Tax Consulting SA's John-Paul Fraser on why expats are among the millions eyeing the two-pot cash.

Nosipho Radebe speaks to Saki Macozoma, Chairman at Ntsimbintle HoldingsSee omnystudio.com/listener for privacy information.

Riaan Koppeschaar, finansiële direkteur van Exxaro, verduidelik waarom hulle in mangaan diversifiseer en watter finansiële verskil die verkryging sal maak. Volg RSG Geldsake op Twitter

Stephen Grootes speaks to Moss Ngoasheng, CEO at Safika Holdings, about the company's R11.67 billion acquisition of select manganese assets, highlighting its strategic move into energy-transition metals and growth potential in the sector. We apologise for spots of poor audio on this clip. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Nosipho Radebe speaks to Sonwabise Mzinyathi, Acting Chief Investor Relations & Liaison Officer at Exxaro ResourcesSee omnystudio.com/listener for privacy information.

Stephen Grootes delves into a trio of key topics, including the historic EU-South Africa summit, expert strategies for recession-proofing investment portfolios, and in-depth analysis of financial results with CEOs from Standard Bank and Exxaro. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.Thank you for listening to The Money Show podcast.Listen live - The Money Show with Stephen Grootes is broadcast weekdays between 18:00 and 20:00 (SA Time) on 702 and CapeTalk.There’s more from the show at www.themoneyshow.co.zaSubscribe to the Money Show daily and weekly newslettersThe Money Show is brought to you by Absa.Follow us on:702 on Facebook: www.facebook.com/TalkRadio702702 on TikTok: www.tiktok.com/@talkradio702702 on Instagram: www.instagram.com/talkradio702702 on X: www.x.com/Radio702702 on YouTube: www.youtube.com/@radio702CapeTalk on Facebook: www.facebook.com/CapeTalkCapeTalk on TikTok: www.tiktok.com/@capetalkCapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalkSee omnystudio.com/listener for privacy information.

Exxaro het vandag finansiële resultate bekendgemaak. Die omset is 5% hoër. Riaan Koppeschaar, waarnemende uitvoerende hoof en finansiële direkteur, bespreek die resultate. Volg RSG Geldsake op Twitter

Stephen Grootes speaks to Riaan Koppeschaar, CEO at Exxaro Holdings to discuss the company's significant developments, including the appointment of Ben Magara as CEO and a notable 36% decline in profits. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.Thank you for listening to The Money Show podcast.Listen live - The Money Show with Stephen Grootes is broadcast weekdays between 18:00 and 20:00 (SA Time) on 702 and CapeTalk. There’s more from the show at www.themoneyshow.co.za Subscribe to the Money Show daily and weekly newslettersThe Money Show is brought to you by Absa. Follow us on:702 on Facebook: www.facebook.com/TalkRadio702 702 on TikTok: www.tiktok.com/@talkradio702702 on Instagram: www.instagram.com/talkradio702702 on X: www.x.com/Radio702702 on YouTube: www.youtube.com/@radio702CapeTalk on Facebook: www.facebook.com/CapeTalk CapeTalk on TikTok: www.tiktok.com/@capetalk CapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalk See omnystudio.com/listener for privacy information.

This evening we look at the markets with Sanlam Private Wealth, cover results out of Standard Bank, Exxaro, and Growthpoint Properties; the Banking Ombud gives us a lesson on authorised push payment scams, and in our SME of the Week feature we speak to Waxd, a payment solutions company trying to revolutionise the local taxi industry. SAfm Market Update - Podcasts and live stream

Riaan Koppeschaar – Acting CEO, Exxaro SAfm Market Update - Podcasts and live stream

Stephen Grootes speaks to David McKay, Editor at Miningmx about the suspension of Exxaro CEO Nombasa Tsengwa amid allegations of misconduct.   In other interviews on the Money Show, Matete Thulare, Head of FX Execution at RMB explains how SA's energy crisis impacted the rand and the economic outlook.See omnystudio.com/listener for privacy information.

Johan Gouws, hoof van welvaartadviesdienste by PPS gesels oor SAL, Exxaro se uitvoerende hoof wat voorlopig geskors is. Volg RSG Geldsake op Twitter

Stephen Grootes speaks to David McKay, Editor at Miningmx, about the suspension of Exxaro CEO Nombasa Tsengwa amid allegations of misconduct.See omnystudio.com/listener for privacy information.

Matete Thulare from RMB on Exxaro's results which saw a decrease in profits as coal demand and prices fell. Leanne Emery Hunter from the Youth Employment Service discusses tackling SA's unemployment crisis, with a focus on bridging the gender gap. Simon's take on just how much we could save when interest rates finally start to drop.

Watching the markets, Stephen Grootes speaks to Standard Bank Group CEO Sim Tshabalala diving into the bank's half-year results, discussing highlights, challenges, and future outlook.  Exxaro CEO Dr. Nombasa Tsengwa shares strategies for navigating interim results and driving future growth.And in other news, Mark Barnes, Purple Group CEO and former SA Post Office CEO, reveals the secret sauce for thriving metros and communities, pinpointing the essential elements that drive success and prosperity in local governance and development. See omnystudio.com/listener for privacy information.

Riaan Koppeschaar, finansiële direkteur van Exxaro gesels oor die groep se finansiële resultate. Volg RSG Geldsake op Twitter

Stephen Grootes speaks to Dr. Nombasa Tsengwa, CEO of Exxaro Resources, breaking down the company's interim results and their implications for future growth and success.See omnystudio.com/listener for privacy information.

Riaan Koppeschaar – CFO, Exxaro Resources SAfm Market Update - Podcasts and live stream

•    Multiple subsea cable breaks causing internet chaos in South Africa.  Arthur Goldstuck, Founder and CEO at World Wide Worx explains the widespread problems are affecting the internet in the country.  •    Sim Tshabalala, CEO at Standard Bank Group reported a 6% increase active , digital transactions up 30%, assets under management up 7%. Despite 2023's global uncertainty, South Africa's inflation peaked at 7.1% and ended at 5.1%, with GDP growth at 0.6%. Tshabalala emphasises resilience, strategic focus, and commitment to sustainable finance and Africa's growth. •    Exxaro Resources delivered robust results despite tough conditions: zero fatalities, lower revenue of R38.7 billion (down 17%), and EBITDA at R13.4 billion (down 29%). The coal business stood out despite challenges, and Exxaro declared dividends totaling approximately R5.4 billion. CEO Nombasa Tsengwa highlighted safety achievements and a focus on sustainable growth.  •    The splitting of retirement funds is a double-edged sword and could lead to not having sufficient retirement capital, according to retirement planning with consultant Bruce Cameron, co-author of 'The Ultimate Guide to Retirement in South Africa'. However, Christopher Axelson - Acting Head of Tax & Financial Sector Policy at National Treasury says do not be afraid.See omnystudio.com/listener for privacy information.

Riaan Koppeschaar, finansiële direkteur van Exxaro gesels oor die groep se finansiële resultate en transnet-probleme. Volg RSG Geldsake op Twitter

Guest: Dr Nombasa Tsengwa | Exxaro CEOSee omnystudio.com/listener for privacy information.

Riaan Koppeschaar – Financial Director, Exxaro SAfm Market Update - Podcasts and live stream

This audio is brought to you by Wearcheck, your condition monitoring specialist. Group wind power generation last year increased by 8% and the Lephalale solar power project is on its way to being operational in the first quarter of next year, Exxaro CE Dr Nombasa Tsengwa highlighted during the company's presentation of double-dividend 2023 results. The increased wind performance resulted in 727 GWh of high-margin of green electricity being generated into the market at a high earnings before interest tax depreciation and amortisation (Ebitda) margin - and, were it not for a fault that occurred on the distribution network of State-owned power utility Eskom, there would have been 15 GWh more. The 2023 Ebitda margin or the energy business was 80% for the second consecutive year, emphasising the stability of the renewable energy business. Additional good news on the climate change mitigation front is that the 68 MW Lephalale solar power project under construction is poised to provide Exxaro's Grootegeluk coal mine with 176 GWh/y of green energy in the first quarter of 2025 - earlier than the operational date reported by Mining Weekly in a previous report. Regarding wind energy, Exxaro FD Riaan Koppeschaar pointed out that the project financing of R4.3-billion for the Cennergi wind farms - which will be fully settled in 2031 and which have no recourse to the Exxaro balance sheet - are hedged through interest rate swops at an effective interest rate of 12.8%. Koppeschaar also noted that hedge accounting is also applied to the Lephalale solar project, which ensures limited volatility on the profit-and-loss account. The empowered coal, energy, and ferrous-linked company declared a final dividend of R10.10 a share, which is roughly R3.4-billion, and drew loud applause when it announced a special dividend of R5.72 a share, which is about R2-billion as well. Exxaro's shareholder distribution has totalled more than R45-billion over five years. Exxaro reported its second highest Ebitda performance of R13.4-billion for the financial year ended December 31, despite lower coal export prices and reduced domestic and export sales volumes of coal. Coal revenue decreased 18% to R37-million and coal Ebitda decreased by 36%. "We remain committed to our sustainable growth and impact strategy as we transition towards becoming a more diversified business," Tsengwa said. (Also watch attached Creamer Media video.) One of Exxaro's strategic priorities is to grow its energy business and become carbon neutral by 2050, while integrating environmental social governance (ESG). "We continue to benchmark above our peers on global ESG best practice," Tsengwa revealed. The R1.6-billion Lephalale solar photovoltaic power plant will provide Exxaro with a 27% reduction in Scope 2 emissions, carbon intensity has been reduced by 20% and a memorandum of understanding has been signed with the Council of Geosciences to explore carbon capture usage and storage to mitigate difficult-to-abate carbon emissions. 'WONDERFUL MARKET' During the media briefing, Exxaro Energy MD Leon Groenewald provided additional insight into the renewables business in response to Mining Weekly's questions. Regarding the Lephalale solar power, he said: "Our aim is to be operational in the first quarter of next year and it will help us, firstly for us as a business, to make some decent money, but also saving some 27% of Scope 2 emissions, and then making a healthy dent in the Eskom monthly account. "We think the renewables market is quite healthy currently, both for organic and inorganic opportunities, and we are pursuing both," he said, amid the current request for information (RFI) environment. "We're building a pipeline to participate in the RFIs that are being issued and we are in the market and awaiting feedback on some of these processes, so we're quite bullish. "On the merger and acquisition front, we're active in most of data rooms, and the moment you're in a data room, the confidentiali...

Noluthando Mthonti-Mlambo speaks to Exxaro Resources CFO, Riaan Koppeschaar about the company's results. The share dividend of R10.10 a share is roughly R3.4-billion and on top of that, the special dividend of R5.72 a share totals some R2-billion. The declarations are described as being in line with Exxaro's strategic approach to capital allocation.See omnystudio.com/listener for privacy information.

Mia Kriegler, navorsing en fondsbestuur direkteur van Kruger Internasionaal gesels oor Pick n Pay, Sasol se jaarvergadering, Exxaro se windplase, en TFG se handelsverklaring. Volg RSG Geldsake op Twitter

The imposition of sanctions on Russia may have contributed to the reshaping of the global coal market and provided opportunities for new entrants, but conversations around net zero emissions have triggered a shift towards greener energy solutions. Business Day TV spoke to Nombasa Tsengwa, CEO of Exxaro, at the Coal & Energy Transition Day about how Exxaro is preparing for the shift away from fossil fuels.

CEOs can build up a business from nothing or turn around a company that is on the verge of bankruptcy. Inspiring with their relentless drive, strong leadership and innovation that can turn whole industries on their heads, they are the dynamos of our economy. What is the X factor that ensures a CEO's success? KC Chesaina seeks to uncover the unique personality traits, business acumen and leadership values that have turned CEOs into captains of industry. Based on extensive research and focused interviews with the leaders of some of South Africa's top companies, including Vodacom, Bidvest, Capitec Bank, RMB, Dis-Chem, Discovery Health, Nedbank, Sanlam, Momentum, Curro, Exxaro, Harmony Gold and MTN, Chesaina's book takes you to the heart of corporate South Africa. In this episode of Pagecast, we have the pleasure of listening to KC in conversation with Rolland Simpi Motaung, avid reader, book reviewer, founder, educator, and facilitator at Trymph Education. Enjoy this episode!

Mining Weekly Editor Martin Creamer discusses Cennergi's power purchase agreement which will see it supply renewable energy to Exxaro's flagship mine; the proudly South African High Pressure Water Technology that has gone mainstream; and the Venetia mine rapidly becoming a flagship in advancing De Beers' climate ambition.

Financial close has been achieved for the 68 MW Lephalale solar project to supply renewable energy to the Grootegeluk coal mine in Limpopo. This was announced on Wednesday by Cennergi, the wholly owned subsidiary of Exxaro Resources, Grotegeluk's owner and operator. Cennergi will supply renewable energy to the flagship mine for 25 years through a power purchase agreement. The project will result in energy cost savings, increased energy security and decarbonisation benefits for Exxaro, as well as fostering sustainable development and enhancing the socioeconomic benefits for local communities. Leveraging solar power to meet Grootegeluk's energy needs is a follow-through of the commitment of the Johannesburg Stock Exchange-listed Exxaro to pursue business sustainability and support the green energy transition. Funding will take the form of limited recourse project finance debt from lenders, as well as equity investment from Cennergi as sole shareholder. An engineering, procurement and construction contract will be awarded for the 19-month construction of the project, for which an operations and maintenance contract will also be awarded. “This project represents a significant milestone in South Africa's renewable energy landscape and showcases the enormous potential of clean energy in driving economic growth and reducing carbon emissions,” Exxaro CEO Dr Nombasa Tsengwa stated in a media release to Mining Weekly. The Lephalale solar project, which will serve as a direct behind-the-meter clean energy source, spans 236 ha of Exxaro land, near Eskom's Matimba coal-fired power station, to which Exxaro supplies coal on contract, as well as the town of Marapong. A thrilled Exxaro Resources MD energy Leon Groenewald described the solar project as a landmark renewable energy partnership.

Sanlam's Nick Kunze on investing into China as it moves beyond zero-Covid and a look at the upcoming FOMC meeting. Serfaas Badenhorst from Momentum Securities on the investment case for Exxaro. Kunaal Mehta of Clearwater Capital on the acceleration of digital transformation: the key trend for 2023.

The ‘other' coal miner, while benefiting from high coal prices at this stage, is also poised for the future positioning of renewables: Serfaas Badenhorst – Momentum Securities.

Marcus speaks to Mzila Mthenjane, Head of Stakeholder Affairs at Exxaro Resources, one of the largest coal producers in South Africa. Mzila joined Exxaro in 2013 after stints at AngloGold, Gold Fields Limited, RMB and Deutsche Bank. In this episode Mzila gives an insight into Exxaro' journey to transition from a coal base to a minerals and renewable energy solutions business. He speaks about the social and economic implications of ‘just transition' and the responsibility this bestows on a company like Exxaro in a nation like South Africa, which faces both an energy crisis and an unemployment crisis.

Newly appointed Energy Council of South Africa CEO James Mackay says he will prioritise initiatives that will help unlock sustainable energy investments in South Africa, which he describes as being at the start of what will be a challenging multidecade transition. Mackay's appointment as the council's inaugural CEO was announced on September 8 and will become effective from October 17. Established in 2021 following calls by Mineral Resources and Energy Minister Gwede Mantashe for the energy industry to speak with a unified voice, the council's formation drew some criticism for excluding emerging renewables and storage companies. All of its founding members represent large incumbent firms, including Anglo American, Sasol, Eskom, the Central Energy Fund, Exxaro, the Industrial Development Corporation, TotalEnergies, Toyota and the Automotive Business Council. However, chairperson Fleetwood Grobler stressed at the launch that emerging companies had not been excluded by design and promised that the council would be broadened in future to ensure greater stakeholder representation. Mackay tells Engineering News that the council will be “technology agnostic” and that he has not experienced any “bad blood” towards the formation during recent engagements with those energy sector practitioners whose companies were not included among the founding members. “I think there is a broad acknowledgement that the energy transition is going to be difficult and that there is a need for a national organisation to take a leadership role in this space.” He says the activities of the council will be guided by three key principles, including: an acknowledgment of the threat posed by climate change and the need for South Africa to contribute to humanity remaining within "planetary boundaries”; an acceptance that technology and innovation will shape the future energy landscape and that, while remaining technology agnostic, the council will favour solutions that are aligned with climate resiliency, business sustainability and social justice; and that access to finance will be critical to ensuring that the energy transition is implemented at a pace and scale required for security of supply, business and environmental sustainability and greater social equity. The council, he adds, will be data driven in its decision-making and will seek to play a constructive role in ensuring that South Africa has a vision for the energy transition that is supportive of accelerated investment. “There's only one real thing that's going to move the dial on energy and that's investment. “And so, our biggest focus and primary focus is going to be on unlocking investment in energy at all levels,” he says, adding that he is also determined to ensure that more attention is given to demand-side investments. Mackay will be the council's first formal employee and he will temporarily lead the organisation from office space donated by Sasol at its head office in Sandton. “We are acutely aware of our need to be independent, so we will be appointing our own employees and setting up our own offices soon,” he stresses. Mackay, who has professional qualifications in engineering and finance, has over 20 years of diverse experience in the public and private sectors and has worked extensively across Africa. He is currently the PwC energy lead with specific focus on energy strategy and net zero and acknowledges that the decision to take up the new role was a difficult one, as he was only recently appointed as a partner. “It was a tough decision to resign, but the leadership at PwC support me in taking up this new role.” He tells Engineering News that he is looking forward to engaging with, and supporting all energy stakeholders, and promises to adopt a “listening attitude” as he does so. “I'm very committed to being open to opinion, to listening and to understanding how we can work together with all of the other organisations,” he concludes.

Newly appointed Energy Council of South Africa CEO James Mackay says he will prioritise initiatives that will help unlock sustainable energy investments in South Africa, which he describes as being at the start of what will be a challenging multidecade transition. Mackay's appointment as the council's inaugural CEO was announced on September 8 and will become effective from October 17. Established in 2021 following calls by Mineral Resources and Energy Minister Gwede Mantashe for the energy industry to speak with a unified voice, the council's formation drew some criticism for excluding emerging renewables and storage companies. All of its founding members represent large incumbent firms, including Anglo American, Sasol, Eskom, the Central Energy Fund, Exxaro, the Industrial Development Corporation, TotalEnergies, Toyota and the Automotive Business Council. However, chairperson Fleetwood Grobler stressed at the launch that emerging companies had not been excluded by design and promised that the council would be broadened in future to ensure greater stakeholder representation. Mackay tells Engineering News that the council will be “technology agnostic” and that he has not experienced any “bad blood” towards the formation during recent engagements with those energy sector practitioners whose companies were not included among the founding members. “I think there is a broad acknowledgement that the energy transition is going to be difficult and that there is a need for a national organisation to take a leadership role in this space.” He says the activities of the council will be guided by three key principles, including: an acknowledgment of the threat posed by climate change and the need for South Africa to contribute to humanity remaining within "planetary boundaries”; an acceptance that technology and innovation will shape the future energy landscape and that, while remaining technology agnostic, the council will favour solutions that are aligned with climate resiliency, business sustainability and social justice; and that access to finance will be critical to ensuring that the energy transition is implemented at a pace and scale required for security of supply, business and environmental sustainability and greater social equity. The council, he adds, will be data driven in its decision-making and will seek to play a constructive role in ensuring that South Africa has a vision for the energy transition that is supportive of accelerated investment. “There's only one real thing that's going to move the dial on energy and that's investment. “And so, our biggest focus and primary focus is going to be on unlocking investment in energy at all levels,” he says, adding that he is also determined to ensure that more attention is given to demand-side investments. Mackay will be the council's first formal employee and he will temporarily lead the organisation from office space donated by Sasol at its head office in Sandton. “We are acutely aware of our need to be independent, so we will be appointing our own employees and setting up our own offices soon,” he stresses. Mackay, who has professional qualifications in engineering and finance, has over 20 years of diverse experience in the public and private sectors and has worked extensively across Africa. He is currently the PwC energy lead with specific focus on energy strategy and net zero and acknowledges that the decision to take up the new role was a difficult one, as he was only recently appointed as a partner. “It was a tough decision to resign, but the leadership at PwC support me in taking up this new role.” He tells Engineering News that he is looking forward to engaging with, and supporting all energy stakeholders, and promises to adopt a “listening attitude” as he does so. “I'm very committed to being open to opinion, to listening and to understanding how we can work together with all of the other organisations,” he concludes.

Mia Kruger on Exxaro and Curro results.Jonathan Hurvitz group CEO Teljoy on the importance of brands and the shift to access over ownership. Simon thoughts on the Nasdaq is now in a bull market.

Mining Weekly Editor Martin Creamer discusses Exxaro's renewables company Cennergi's agreement with Enertrag for the development of renewable projects in Mpumalanga; Exxaro eyeing green hydrogen; and Thungela's renewables move, as well as its free cash sharing and its initiative to plant a million trees.

Riaan Koppeschaar – finansiële hoof, Exxaro

Guest: Riaan Koppeschaar | Finance Director  at Exxaro See omnystudio.com/listener for privacy information.

Exxaro's delivered a 48% jump in half-year revenue and a 26% increase in headline earnings per share, mainly due to a strong showing by its coal business. Business Day TV unpacked the results with CEO, Nombasa Tsengwa.

Dr Nombasa Tsengwa – CEO, Exxaro Resources

Exxaro FD Riaan Koppeschaar

Diversified minerals and energy company Exxaro is eyeing green hydrogen, new Exxaro CEO Dr Nombasa Tsengwa disclosed on Thursday when the JSE-listed company reported 147%-higher half-year group earnings before interest, taxes, depreciation and amortisation (Ebitda) of R10 603-million on mainly the 142% increase in coal Ebitda in the six months to June 30. Responding to Mining Weekly on Teams on the possibility of the group entering the green hydrogen space, Tsengwa said: “We know we have to look at it, because you can see countries are already negotiating with one another about which one will be the generator and which one will then be the offtaker of green hydrogen.” (Also watch attached Creamer Media video.) Green hydrogen, she said, would be part of the green energy solution, "and therefore we've got to look at it, and we're doing a lot of studies in this regard. “Hopefully, within the next year or so, we'll be able to say whether that's something that we want to do ourselves, or something that we want to partner with others in doing. “We know the likes of Sasol are already in that space and it's something maybe that, over time, talking to the likes of Sasol, we may find each other, and probably look at collaboration, but it is of interest to us because it is a solution in the industry that we're in,” added Tsengwa. The renewables strategy within Exxaro that is being executed by wholly owned Exxaro company Cennergi is very much the key driver in the group's carbon neutrality plans. Going forward, combined renewables plans already in place are poised to slash Scope 2 emissions at Exxaro Resources' Grootegeluk coal mine, at Lephalale, in Limpopo, by up to 90%. Moreover, Cennergi has 200 MW of solar and wind projects at advanced stages of development, much of the megawattage in Mpumalanga, aimed at helping to catalyse South Africa's crucial just energy transition. Mining Weekly: What will Cennergi be doing at your own mines? We've got a lot of projects lined up for ourselves. At Lephalale, you may be aware of our solar PV plant of about 70 MW that has just been registered by Nersa. We're looking at the first quarter of 2024 when we'll start seeing the generation of those new electrons into that operation. We hope that we can make the excess electrons available to other players in that area or elsewhere as the wheeling policy becomes sorted out by government. We are also looking to do the same in Mpumalanga. We're partnering with Enertrag, who've got a lot of capacity as well space to assist us in making sure that we create a renewable energy hub in the Mpumalanga area, which will cover all of our mines in Mpumalanga and the mines of others, who may be in need of decarbonisation capacity. What will Cennergi be doing at the mines of others? The market in South Africa is really opening up. We've heard what the President is saying. Anyone who can provide those excess electrons to the grid is solving our problem as a country. We have already got capacity of 229 MW from our two existing wind farms. We need to look at increasing, from a distributed generation point of view, with this liberalisation of beyond 100 MW. We need to see ourselves getting to a position of growth, making sure that we identify where those opportunities are, which we think we know. There should be some of them around the areas where we operate. We think we can really grow those spaces behind the meter, to make sure that we can actually even provide the communities. There are opportunities for municipalities, so with this partnership with Enertrag, we believe that we can do so much more. I see that the Ebitda margin of your renewables company Cennergi was a sky-high 80%. Does that reflect what the situation is likely to be going into the future? The team worked under very difficult conditions from a wind factor point of view - we've seen all over the world, where the wind has been really underperforming, but I think the availabilities of the wind turbines ha...

Coal and renewable energy company Exxaro has built a renewable energy business that is said to be well positioned to contribute significantly to addressing South Africa's electricity deficit. Emphasised by the JSE-listed company is that South Africa's economic growth and social progress depends on energy security, which it is setting out to help to provide. (Also watch attached Creamer Media video.) “We have installed 229 MW of wind energy, which is a strong base from which we will build and grow this business,” new Exxaro CEO Dr Nombasa Tsengwa said after the company presented 147%-higher group earnings before interest, taxes, depreciation and amortisation (Ebitda) of R10 603-million on mainly the 142% increase in coal Ebitda in the six month to June 30. Cash flow from operations increased 137% to R9 433-million and, together with the dividends received from its equity-accounted investments of R3 030-million, was sufficient to fund capital expenditure and dividends paid. An average equipment plant availability of 97.4% allowed Exxaro's wholly owned renewable energy company Cennergi to generate 307 GWh of electricity at an Ebitda margin of a whopping 80%. In Exxaro's endeavour to green its energy business, Cennergi has concluded a joint development agreement with Enertrag South Africa to collaborate on the development and execution of renewable energy products for the Mpumalanga region, on an exclusive basis. Enertrag South Africa is a subsidiary of Enertrag SE, the German-based renewable energy company founded in 1992 by owner, Jörg Müller, who conceptualised his first wind farm in 1989, constructed it in 1993 and which is still operating in Germany's Uckermark region, the company's website states. Both Cennergi and Enertrag will contribute skills and project pipelines in realising our joint ambitions, which will accelerate renewable solutions for our mines and beyond. Furthermore, both companies also have strong presence within the region and therefore this partnership helps to support the company's just energy transition strategy, Tsengwa told the presentation covered by Mining Weekly. REPRIORITISED IMMEDIATE INVESTMENT IN SOUTH AFRICA Although Exxaro communicated a 3 GW growth target by 2030, with the rapid and positive local policy developments in this sector, it has repaced its growth to 1.6 GW by 2030 and reprioritised immediate investment and development in South Africa. “Overall, it's really imperative to be agile whenever market opportunities change, looking at how you really want to optimise the balance sheet to service the needs of the business. “There are going to be opportunities that come up that are going to challenge our repacing of our energy strategy, and those opportunities will be looked at very carefully. But there will also be opportunities that arise, because of market conditions, that call on us to repace, and that's the agility we are talking about. “We believe that this approach is responsible and its value goes beyond just returns but also to look at the direct impact to the people of South Africa and our economy,” Tsengwa emphasised. As the energy transition continues to guide the pace, Exxaro's ability to supply key minerals to support clean energy technologies has become much more urgent. A common theme in copper, bauxite and manganese, its three chosen minerals, is the expectation of insufficient supply in the long term, relative to demand. The Russia/Ukraine war has heightened global geopolitical tensions resulting in increasing political instability and a higher inflation environment. Higher borrowing costs and political instability brought about by inflation, threaten to further widen the supply deficit of these critical minerals by delaying investments necessary for the growth of additional supply. “The bottom line is that the world needs significant investments to be made in these minerals to support the much-needed energy transition, and failure to make investments today in preparation ...

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