Hamoodley Mining
Oil & Mining Company
South Africa's leading oil and mining corporation — headquartered in Mpumalanga. We secure, develop and deliver the nation's energy resources across the full value chain from upstream exploration to downstream distribution.
Hamoodley Mining Corp is South Africa's foremost integrated energy and mining corporation, headquartered in Mpumalanga — the heartland of South Africa's coal-producing region. We operate across the full spectrum of the energy value chain, from upstream exploration and production to downstream distribution and retail.
Established to safeguard the nation's energy sovereignty and drive industrial growth, we manage the State's petroleum interests, develop critical energy infrastructure, and operate extensive coal mining assets. Our mandate is clear: ensure South Africa's energy security, deliver economic value, and support the nation's just energy transition.
With operations spanning offshore exploration blocks along the Southern African coastline, midstream pipeline infrastructure, strategic crude oil storage, and one of South Africa's most productive coal portfolios, Hamoodley Mining Corp is the cornerstone of national energy policy.
From deep-sea exploration blocks off the Southern African coastline to coal seams beneath the Mpumalanga highveld, Hamoodley Mining Corp manages a vertically integrated portfolio that underpins South Africa's energy security.
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The principles that guide every decision, every operation, and every relationship across the Hamoodley Mining Corp group.
To be Africa's most trusted and impactful integrated energy and mining corporation — securing South Africa's energy independence, driving industrial growth, and enabling a sustainable energy future for all South Africans.
To manage, develop and optimise South Africa's petroleum resources and coal mining assets across the full energy value chain — ensuring national energy security, maximising economic benefit, supporting industrialisation, and championing the just energy transition in a commercially disciplined and socially responsible manner.
The Board of Directors of Hamoodley Mining and Oil Company leads one of the leading mining and oil companies in South Africa, combining expertise in executive leadership, ownership, finance, tax management, legal governance, operations, and strategic growth. The board is committed to driving innovation, maintaining compliance, and delivering excellence across South Africa's mining and oil sectors.
Our corporate headquarters is strategically situated in the prestigious Bankenveld Estate in Witbank, Mpumalanga, nestled right next to the serene Witbank Dam. Operating from a meticulously repurposed luxury mansion, the facility features a sprawling 12-car garage for executive and fleet parking, five dedicated high-tech office rooms, and four bathrooms to accommodate our leadership and administrative teams. Ensuring strict regulatory adherence, the building has been officially verified by the South African Revenue Service (SARS) for 100% office use. This prime location provides a secure, world-class, and highly productive environment for steering our national operations.
A selection of our operational assets deployed across the energy and mining value chain — from offshore exploration vessels to surface mining equipment.
Executive fleet — twin-turbo inline-6, 510 hp
Executive fleet — plug-in hybrid sports coupe
Executive fleet — V8 Biturbo, 585 hp
Executive fleet — naturally aspirated 6.0L V8
Executive fleet — naturally aspirated flat-6, 525 hp
Executive fleet — turbocharged inline-6, 382 hp
Executive fleet — V8 biturbo, 625 hp, limited edition finish
Field operations fleet — rugged 4x4 utility bakkie
Standard hi-vis coverall with flame-retardant rating FR-2
Underground-rated PPE with self-contained breathing apparatus compatibility
Corporate identity apparel for management and visitor engagement
Open-cast overburden removal — 90-cubic metre bucket capacity
Underground bord-and-pillar coal extraction unit
Semi-submersible rig deployed in Southern African block operations
High-pressure crude and gas transmission infrastructure
Proposed floating storage and regasification unit — East Coast SA
Above-ground floating-roof storage tanks — 12 million barrel capacity
400-tonne payload capacity — open-cast coal operations
ADR-certified road tankers for refined product distribution nationwide
Platform supply vessel supporting Southern African exploration operations
Hamoodley Mining Corp delivers consistent financial performance underpinned by diversified revenue streams across petroleum operations and coal mining. All figures are reported in South African Rand (ZAR).
| Income Statement (ZAR Millions) | FY2024 | FY2023 | FY2022 | Change YoY |
|---|---|---|---|---|
| Total Revenue | 68,412 | 63,165 | 58,940 | +8.3% |
| — Upstream Petroleum | 18,240 | 16,850 | 14,620 | +8.2% |
| — Midstream & Storage | 11,380 | 10,440 | 9,810 | +9.0% |
| — Downstream & Retail | 22,640 | 21,200 | 20,150 | +6.8% |
| — Coal Mining | 16,152 | 14,675 | 14,360 | +10.1% |
| Cost of Sales | (44,180) | (41,320) | (38,750) | +6.9% |
| Gross Profit | 24,232 | 21,845 | 20,190 | +10.9% |
| Operating Expenses | (10,012) | (9,210) | (8,640) | +8.7% |
| EBITDA | 14,220 | 12,635 | 11,550 | +12.5% |
| Depreciation & Amortisation | (3,840) | (3,510) | (3,280) | +9.4% |
| EBIT | 10,380 | 9,125 | 8,270 | +13.8% |
| Finance Costs | (1,820) | (1,740) | (1,660) | +4.6% |
| Profit Before Tax | 8,560 | 7,385 | 6,610 | +15.9% |
| Income Tax (28%) | (1,757) | (1,515) | (1,356) | +16.0% |
| Net Profit After Tax | 6,803 | 5,870 | 5,254 | +15.9% |
* Audited consolidated annual financial statements. Figures in ZAR millions. FY2024 = financial year ended 31 March 2024.
| Balance Sheet (ZAR Millions) | FY2024 | FY2023 |
|---|---|---|
| NON-CURRENT ASSETS | ||
| Property, Plant & Equipment | 28,450 | 26,840 |
| Exploration & Evaluation Assets | 4,820 | 4,210 |
| Right-of-Use Assets | 2,140 | 1,980 |
| Intangible Assets & Goodwill | 1,660 | 1,580 |
| CURRENT ASSETS | ||
| Inventories | 4,210 | 3,980 |
| Trade & Other Receivables | 5,340 | 4,870 |
| Cash & Cash Equivalents | 1,980 | 2,140 |
| TOTAL ASSETS | 48,600 | 45,600 |
| EQUITY | ||
| Share Capital | 6,200 | 6,200 |
| Retained Earnings | 15,900 | 13,940 |
| Total Equity | 22,100 | 20,140 |
| LIABILITIES | ||
| Long-Term Borrowings | 10,380 | 11,240 |
| Deferred Tax | 2,870 | 2,640 |
| Trade & Other Payables | 7,840 | 7,120 |
| Current Portion of Debt | 5,410 | 4,460 |
| TOTAL EQUITY & LIABILITIES | 48,600 | 45,600 |
* Consolidated statement of financial position as at 31 March 2024.
| Cash Flow Statement (ZAR Millions) | FY2024 | FY2023 |
|---|---|---|
| Net Profit After Tax | 6,803 | 5,870 |
| Add: Depreciation & Amortisation | 3,840 | 3,510 |
| Changes in Working Capital | (840) | (620) |
| Cash from Operations | 9,803 | 8,760 |
| Capital Expenditure — Mining | (2,840) | (2,410) |
| Capital Expenditure — Upstream | (1,620) | (1,280) |
| Capital Expenditure — Infrastructure | (980) | (860) |
| Total Capex | (5,440) | (4,550) |
| Free Cash Flow | 4,363 | 4,210 |
| Debt Repayments (net) | (1,380) | (1,240) |
| Dividends Paid | (1,728) | — |
| Net Change in Cash | (160) | 2,970 |
* FY2024 marks the inaugural dividend declaration following Board approval. Figures in ZAR millions.
| Segment (ZAR Millions) | Revenue | EBITDA | EBITDA Margin | Assets | Employees |
|---|---|---|---|---|---|
| Upstream Petroleum | 18,240 | 6,970 | 38.2% | 12,840 | 1,840 |
| Midstream & Gas | 11,380 | 3,870 | 34.0% | 9,610 | 2,100 |
| Storage & Logistics | — | — | — | 3,240 | 640 |
| Downstream & Retail | 22,640 | 2,490 | 11.0% | 11,320 | 4,820 |
| Coal Mining | 16,152 | 4,640 | 28.7% | 11,590 | 5,800 |
| Group Total | 68,412 | 14,220 | 20.8% | 48,600 | 14,200 |
* Storage revenues are consolidated within Midstream reporting. Group total excludes inter-segment eliminations of R3.12B.