Name of the Project
Thabametsi coal mine – Phase 1 project.

Location
Limpopo, South Africa.

Client
Exxaro Resources.

Project Description
The Thabametsi project has proven and probable reserves of 130-million tonnes.

The proposed openpit mine is expected to produce an average of 3.9-million tonnes a year in power station coal for the Thabametsi independent power producer coal-fired power plant, which, in turn, is expected to produce 600 MW by 2021.

Thabametsi has a mine life of more than 30 years.

Jobs to be Created
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
Phase 1 will be developed at an estimated cost of R3-billion.

Duration
The new mine is scheduled to produce its first coal in in the second quarter of 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

Latest Developments
The Thabametsi mine has all the required licences in place.

However, the environmental authorisation has been appealed and Exxaro is following due process to get the appeal finalised.

The rate of production ramp-up will ultimately depend on the developments with the coal baseload independent power producer procurement programme.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Exxaro Resources executive head: strategy and stakeholder engagement Mzila Mthenjane, tel +27 12 307 7393 or email investorrelations@exxaro.com.