Shareholder leaflet - Exxaro

23. Mineral Resources and Mineral Reserves
The annual revision of Exxaro’s mineral resources and mineral reserves is
in process. This include the compilation of updated geological models as
well as audits done on information, estimation methods, modifying factors
resources and the modeling. The revised estimated mineral resources and
mineral reserves will be published in the annual report.
24. Events after the reporting period
Subsequent to the reporting date of 31 December 2012, Mr U Khumalo
resigned as non-executive director effective 31 January 2013. The directors
are not aware of any significant matter or circumstance arising after
the statement of financial position date up to the date of this report, not
otherwise dealt with in this report.
25. Review report
The condensed group annual financial results for the year ended
31 December 2012 on page 2 to 21 in accordance with International
Standards on Review Engagements 2410 – “Review of interim financial
information performed by the Independent Auditors of the entity”
by PricewaterhouseCoopers Inc. Their unqualified review report is available
for inspection at the company’s registered office.
26. Salient features*
Year ended 31 December
2012 2011
Reviewed (Restated)
Rm
Rm
Net asset value per share (Rand) 80 67
Capital expenditure
– incurred 5 333 4 858
– contracted 6 283 7 614
– authorised, but not contracted 4 208 2 413
Capital expenditure contracted relating to
captive mines, Tshikondeni, Arnot and
Matla, which will be financed by
ArcelorMittal SA Limited and Eskom,
respectively 116 90
Operating lease commitments 18 59
Operating sublease rentals receivable 1 4
* Non-IFRS numbers.
Reviewed condensed group annual financial results and unreviewed physical information | 21