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Exxaro

Exxaro Resources Ltd (“Exxaro”) today expressed its delight at Monday’s announcement by the Minister of Energy that the Thabametsi Power Project has been selected as a preferred bidder in terms of the first bid window of South Africa’s Coal-Baseload Independent Power Producer Procurement Programme (“CBIPPPP”). The coal-fired power station will be built near Lephalale, Limpopo Province, adjacent to Exxaro’s existing Grootegeluk Complex. It will produce 557.3MW (net) of electricity for the national grid from coal supplied by Phase 1 of Exxaro’s planned Thabametsi Mine. Exxaro will only be responsible for the supply of coal for a contractual period of 30 years.

Thabametsi Mine Phase 1 will be developed at an approximate cost of R3 billion to supply approximately 3.9 million tons of coal per year at full capacity. The new mine is scheduled to produce its first coal in Q2/2021 (and ramp-up until end 2022), in line with the development ramp-up schedule of the power station, which is expected to be operational in 2021. Thabametsi’s development creates opportunities to supply coal to other coal IPPs in the Waterberg that could bid in Window 2, as well as the mining of high value coal seams for the export market.

Recruiter of sector Manufacturing, located inLimpopo, From 51 to 200 workers
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