• Pages
  • Editions
01 Cover
02 Welcome Letter / Sections
03 Index & Interview Directory
04 Section 1: Introduction
05 The Road to Recovery
06 ABSA Group Interview
07 PwC Interview
08 Regional Trends
09 Sustainability & ESG Gaining Momentum
10 SRK Consulting Interview
11 Nafasi Water & ZN Geo Services Interviews
12 Section 2: Production, Development and Exploration
13 Precious Metals
14 Gold Fields Interview
15 Harmony & Pan African Resources Interviews
16 Base and Energy Metals
17 Lepidico Interview
18 Trevali Mining Interview
19 Orion Minerals Interview
20 Vedanta Zinc International Interview
21 Kumba Iron Ore Interview
22 Diamonds
23 Lucara Diamond Interview
24 Debswana Interview
25 Section 3: South Africa
26 South Africa
27 Ministry of Mineral Resouces and Energy SA Interview
28 Minerals Council SA Interview
29 Seriti & Exxaro Resources Interviews
30 NSDV & ENSafrica Interviews
31 Insights on South African Mining Industry's Health
32 Section 4: Namibia
33 Namibia
34 Chamber of Mines Namibia Interview
35 RMB & Standard Bank Namibia Interviews
36 Walvis Bay Salt Holdings Interview
37 Insights on Namibia as a Mining Investment Destination
38 Section 5: Equipment and Services
39 The Journey to Modern Mining
40 Murray & Roberts Interview
41 Kal Tire Interview
42 Eazi Access Interview
43 METC Engineering Interview
44 Insights on Digital Mining Revolution in Africa
45 MEMSA Interview
46 Fabchem Mining Interview
47 Insights from Local Manufacturers
48 Energy
49 juwi Interview
50 Engie Impact & Vivo Energy Interviews
51 Howden Interview
52 Section 6: Sponsored Company Profiles
53 Trevali Company Profile
54 Murray & Roberts Company Profile
55 Concluding Remarks
56 Credits

Mike Teke, CEO,

SERITI

"Beyond coal, we will look for opportunities in, for example, manganese mining and others."

Can you give an overview of Seriti and the company’s role in the South African mining industry?

Seriti is a 91% black-owned and controlled South African mining company co-owned by four anchor shareholders - Community Investment Holdings, Masimong Group Holdings, Zungu Investments Company, and Thebe Investment Corporation. These shareholders came together when the opportunity arose to acquire Anglo American’s coal assets in 2017. We successfully secured three collieries - New Vaal, New Denmark, and Kriel - which are dedicated to supplying coal to Eskom power stations. In the transaction, we were also able to acquire the New Largo asset, a resource of 585 million mt and the potential to become a large-scale, long-life coal mine, able to supply Eskom’s adjacent Kusile power station with around 12 million mt/y of thermal coal over 50 years.

Having operated these three mines successfully for three years, Seriti made an offer to acquire South32’s SA Coal Holdings Proprietary Limited (SAEC). Seriti sees it as a good opportunity to grow and enter the export market. SAEC been renamed Seriti Power.

Beyond coal, we will look for opportunities in, for example, manganese mining and others.

What investments is Seriti exploring to increase the company’s presence in the renewable energy space?

If the opportunity arises for Seriti to become a player in the alternative energy generation space, we will not hesitate to take it. South Africa will, however, continue to depend on coal-fired power for at least another 20 years. The energy transition will reduce local demand for coal, but the export market will continue to offer opportunities.

Mxolisi Mgojo, CEO,

Nombasa Tsengwa, CEO-designate and Managing Director of Minerals,

Sakkie Swanepoel, Group Manager Marketing,

EXXARO RESOURCES

"The commissioning of our wind farms demonstrates that we are committed to powering a clean world with a portfolio of clean energy resources."

Can you give an overview of Exxaro and the company’s history in the region?

MM: Exxaro was established in 2006 and has grown to become one of the largest black-empowered diversified mining companies in South Africa with an asset portfolio that includes coal operations and investments in iron ore and zinc, residual pigment manufacturing, and renewable energy.

Can you elaborate on Exxaro’s ESG strategy?

NT: We want to ensure that our revenue is primarily generated from low-carbon business operations while moving towards carbon neutrality (scope 1 and 2) by 2050. We are committed to meeting our carbon neutrality target by consistently reducing our direct emissions and partnering with our suppliers and customers to reduce our indirect emissions. We have already started to move to electric vehicles and are conducting in-pit crushing to reduce our emissions.

MM: The just transition to a low-carbon business envisages social inclusion that will make our business resilient to climate change transitional and physical risks, sustain and create employment opportunities, and increase the adaptive capacity of communities relying on our operations.

The commissioning of our wind farms demonstrates that we are committed to powering a clean world with a portfolio of clean energy resources.

SS: With coal’s uncertain future, we must focus on our control over how we exploit our resources and what we do with these resources to leverage from where the value is in the market. We have thus implemented an Early Value Strategy that will optimize our coal resources to focus on realizing maximum value in the shortest period.

Next:

Interviews: NSDV & ENSafrica