Exxaro has turned the corner. So where to from here?
EXXARO Resources CEO Ben Magara is hoping a one-fifth improvement in Exxaro’s share price in following its half-year results August is the beginning of something greater.…
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…
Exxaro to buy manganese assets from Ntsimbintle for R11.67bn
EXXARO Resources on Tuesday announced an agreement to buy manganese assets in South Africa’s Northern Cape, principally from Ntsimbintle Holdings which owns 50.1% of the 3.4…
Exxaro reaches separation deal with former head of coal
EXXARO Resources said on Monday it had reached a separation agreement with Kgabi Masia, head of coal for the company since March, 2022. “This development will not affect 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 says NUM claims over Magara “unfounded”
EXXARO Resources said a meeting with the National Union of Mineworkers (NUM) scheduled for today regarding its “unfounded allegations” failed to take place. This was after the…
Exxaro targets “first” manganese deal this year
EXXARO Resources said on Thursday it hoped to convert “interesting conversations” with South African manganese miners into an investment during this year. “We have been engaging…
New Exxaro boss Ben Magara commits to battery metals
EXXARO Resources said on Thursday it had appointed the former Lonmin boss Ben Magara as its new CEO, effective April 1. Magara, currently a non-executive director at Exxaro,…
Anglo to retain stake in South African manganese
ANGLO American said it planned to retain its 40% stake in the Samancor Manganese Joint Venture in South Africa with 60% partner South32. Duncan Wanblad, CEO of Anglo said in an…
Northam’s Dunne to lead Minerals Council until May
SOUTH Africa’s Minerals Council said Paul Dunne would continue as caretaker president until the organisation’s annual general meeting in May. This follows the resignation of…
Exxaro CEO resigns citing biased investigation
THE suspended CEO of South African coal producer Exxaro Resources resigned over the handling of a probe into allegations over her conduct, according to a report by Bloomberg News…
Tsengwa lawyer promises to lift veil on “rogue” Exxaro
THE lawyer for suspended Exxaro Resources CEO Nombasa Tsengwa promised to “expose an agenda” waged against his client and the company’s board, led by chair Geoffrey Qhena. Eddie…
Suspended Exxaro CEO Nombasa Tsengwa starts fightback
AN online petition supporting the reinstatement of suspended Exxaro Resources CEO Nombasa Tsengwa had been signed by more than 100 employees, said Business Times in a report on…
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…
“New information” led to Tsengwa suspension, says Exxaro chair
NEW information had emerged regarding Exxaro Resources CEO Nombasa Tsengwa’s conduct warranting her suspension despite the board previously exonerating her, the firm’s chair…
Green shoots for Transnet as coal export deliveries race higher
THERE were more green shoots for Transnet Freight Rail (TFR), South Africa’s state-owned ports and rail company following its strongest coal export performance in years. TFR was…
Exxaro to retain up to R15bn in net cash for dealmaking
EXXARO Resources expected to retain up to R15bn in net cash to fund diversification plans which it said previously were focused on manganese in South Africa. Commenting in its…
Exxaro said to be suffering exodus of senior leaders
EXXARO Resources had suffered an exodus of senior employees owing to the management style of the coal miner’s CEO of two years Nombasa Tsengwa, said Business Times – a claim that…
Thungela has best leverage to coal price, Transnet improvements
ONE way of playing the global geopolitical distress is to exploit coal, the reputation of which has been slightly rehabilitated of late. Commenting at the Joburg Indaba, Caroline…
Exxaro targets manganese deals in South Africa
EXXARO Resources has targeted a deal in South Africa’s manganese industry, according to a report on Friday by Bloomberg News. “We believe that the manganese industry requires a…