Tsengwa proud despite acrimonious Exxaro exit
FORMER Exxaro Resources CEO Nombasa Tsengwa said her controversial departure from the mining giant earlier this year cannot overshadow her fulfilling two-decade career with the…
Can Ben Magara make the difference at Exxaro?
WHEN Ben Magara was officially named CEO of Exxaro Resources, people in the room applauded; some even cheered. “They always do that,” an analyst said when asked if the…
Exxaro should stick with coal and pay out its cash
EXXARO Resources said last year it will press on with plans to diversify production into “green metals”. In the case of the JSE coal miner, read manganese — which is used to make…
Busa urges mining industry to guard against corruption
AN impassioned plea to not let corruption yet again ruin South Africa’s promising growth prospects was made today by Business Unity South Africa (BUSA) president Mxolisi Mgojo at…
Exxaro’s ‘money or the box’ conundrum
Three years after announcing a strategy to diversify from coal, Exxaro is still searching for an investment. Nombasa Tsengwa, CEO since mid-2022, acknowledges that it’s been a…
Transnet to name new executive appointments by month-end
TRANSNET was expected to finalise the appointment of a new permanent CEO and someone to head its largest division, Transnet Freight Rail by the end of the month, said the group’s…
Exxaro raises prospect of first battery metals deal by next year
TIME is as scarce a resource as rail for Exxaro CEO Nombasa Tsengwa. Speaking at the Joburg Indaba, Tsengwa said Exxaro once believed it had as many as 20 to 30 years to…
Defiant Mzimela blames “Chinese retaliation” for TFR failure
A DEFIANT Sizakele Mzimela, CEO of Transnet Freight Rail (TFR), faced the Joburg Indaba mining summit today just hours after announcing her resignation and blamed the lack of…
Siza Mzimela resigns TFR post – report
SIZA Mzimela, CEO of Transnet Freight Rail (TFR) has resigned, according to a report by News24. The publication said today Mzimela sent out a letter to staff thanking them for…
“Nowhere to hide at Transnet” as overhaul gains momentum
THERE’S no longer any hiding place at Transnet in the drive to reform the organisation as could be seen from the developments over the past week, according to former Exxaro…
MC Mining chair resigns a month ahead of critical EGM saying coal firm in better shape
MC MINING chairman Bernard Pryor has stepped down from the board a month before a critical extraordinary general meeting (EGM) which called for his resignation, as well as that…
SA mining firms say options limited to export into European supply deficits
SOUTH African mining firms said production and logistical constraints would make it difficult to supply metals and minerals that might be disrupted owing to Russia’s invasion of…
Russia sanctions opens door to new European thermal coal market, says Exxaro’s Mgojo
SANCTIONS on Russia in the wake of its invasion of Ukraine could herald a shift in Europe’s energy market that could see it turn to South Africa for high quality coal, said…
Exxaro CEO Mgojo to step down year early leaving diversification to designate Nombasa Tsengwa
EXXARO Resources CEO, Mxolisi Mgojo is to relinquish his role a year early paving the way for CEO in waiting Nombasa Tsengwa to lead the company from August. In terms of…
Grindrod to triple capacity of Mozambique port as SA coal exporters avoid Transnet logjam
AN increase in coal deliveries for export from South Africa is behind plans by Johannesburg-listed logistics operator Grindrod wanting to triple capacity at its drybulk port…
SA coal exporters lose out as prices fall after Transnet fell short on rail capacity.
The boom times are over for South Africa’s coal exporters after a year during which thermal coal export prices spiked to more than $180/t fob (free on board) Richards Bay in…
Mantashe fails to make point about coal cuts amid concern pressure is neo-colonialist
GWEDE Mantashe, South Africa’s mines and energy minister, has justifiably received flak for skipping a meeting with foreign donors this month. These comprised the European Union,…
SA coal exports may face more disruption following fire at Transnet bulk terminal
THERMAL coal exports from South Africa could face more disruption after a fire broke out at the Richards Bay Bulk Terminal operated by the government-owned freight and logistics…
Coal boss says world should allow SA to conduct energy transition at its own pace
SOUTH Africa ought to be given the same energy transition Europe allowed itself, said Mxolisi Mgojo, outgoing CEO of Exxaro Resources. Speaking at the Financial Times Mining…
Laudable, lofty, but is Exxaro’s breakout growth plan risking ten years of coal cash?
THE last time Exxaro Resources publicised a shift in strategy it provided so little detail that investors heavily sold the firm’s shares. That was in 2018 when CEO Mxolisi Mgojo…