African Exploration Mining and Finance Corporation (AEMFC) is the State-Owned Mining Company established to support South Africa’s energy security through the mining and supply of coal for electricity generation, as well as securing strategic mineral resources that contribute to the country’s future energy and beneficiation value chain.
AEMFC operates as a subsidiary of the Central Energy Fund (CEF SOC Ltd) and is headquartered in Waterfall, Johannesburg. Since commencing mining operations in 2011, the company has continued to play a significant role in the South African mining sector through its operations near Ogies in Mpumalanga.
The organisation is driven by a team of dynamic professionals committed to delivering on the State’s vision through sustainable mining practices, operational excellence, sound corporate governance, and responsible resource management. AEMFC remains focused on creating long-term value while contributing towards economic growth, energy stability, and national development.
As the mining industry continues to evolve globally, AEMFC recognises the importance of innovation, environmental responsibility, technological advancement, and sustainable development in supporting South Africa’s future energy needs.
Mandate
African Exploration Mining and Finance Corporation (AEMFC) was established to secure South Africa’s energy supply primarily through the mining and supply of coal for the generation of electricity, as well as securing other resources that will provide energy for the future, including key minerals.
AEMFC is to acquire and hold mineral rights in respect of all energy related and other strategic minerals on behalf of the State and engage in the mining thereof. The company shall whenever deem expedient and as far as practicable, collaborate with BEE companies and other State-Owned Enterprises in executing its business mandate and in doing so to objectively comply with all legal and regulatory requirements including the MPRDA 28 of 2002. AEMFC is also required to sign a Shareholder Compact with the CEF allowing the AEMFC Board and Executive Management sufficient flexibility to manage the enterprise according to commercial principles
Vision
AEMFC’s Vision is to be one of the leading self-sustaining suppliers of current and future energy and other strategic minerals resources in South Africa and the rest of Africa for the security of strategic minerals supply for the country’s benefit and future development.
Mission
AEMFC’s Mission is to secure the achievement of its vision through the optimal exploration, acquisition and mining of strategic resources for the sustainability of the company without compromising quality, and safety whilst preserving the environment and enhancing customer and other key stakeholder satisfaction.
