Name of the Project
Leeuwpan LIFEX project.

Location
Mpumalanga, South Africa.

Client
Exxaro Resources.

Project Description
The Leeuwpan LIFEX optimisation project contains measured mineral resources of 54.8-million tonnes and 3.7-million tonnes in the inferred category.

The proposed project entails the development of an openpit coal mine with a ten-year life-of-mine to produce an estimated 2.5-million tonnes a year of thermal and metallurgical coal for the domestic and export markets.

The mine will produce coal for export and various domestic markets.

Jobs to be Created
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
Exxaro plans to spend R522-million on the optimisation of the mine.

Duration
Not stated.

Latest Developments
Owing to outstanding environmental approvals and mining right consolidation, a slight delay in the start of construction is expected.

Construction is expected to start in the second quarter of 2017 as the above legislative approvals are in the final stages.

The project team is continuing with project work to be ready for construction. Construction work that is on the critical path is ready to be issued to the market for tender.

Key Contractors and Suppliers
Andru Mining (boxcut development to a steady state for mining); JG Afrika (design of provincial and secondary roads).

On Budget and on Time?
The start of the project has been slightly delayed by two months.

Contact Details for Project Information
Exxaro Resources GM Mpumalanga area Bram van Stelten, email bram.vanstelten@exxaro.com.
Exxaro Resources executive head: strategy and stakeholder engagement Mzila Mthenjane, tel +27 12 307 7393 or email investorrelations@exxaro.com.