Exxaro in advanced talks on copper diversification
EXXARO Resources is in advanced discussions regarding a potential copper investment which it hopes to advance in the next 12 months, the group’s head of business development said…
Exxaro boosts payout as Iran crisis drives coal higher
EXXARO Resources declared a R10 per share (R3.4bn) final dividend today following robust headline profits for the year ended December. The payout, 15% higher than last year, was…
From millstone to option value: How SA has changed for Anglo
THE perceived regulatory and social risks of South Africa used to weigh heavily on Anglo American’s investment rating. Known as the ‘South African discount’, Anglo executives…
Exxaro cuts renewable energy target as revises capital plans
EXXARO Resources confirmed it is reviewing its dividend policy, an outlook CEO Ben Magara first made clear last year after agreeing to buy the manganese assets of Ntsimbintle…
Exxaro manganese deal becomes unconditional
EXXARO Resources’ acquisition of manganese mines from Ntsimbintle Holdings and OMH Mauritius Corp. was today declared unconditional. First announced in May, the deal – which…
SA coal exports flat in 2025 despite Transnet progress
COAL railed for export from South Africa so far this year implied total volumes for 2025 of 56.4 million tons, less than last year’s 56.9Mt. Commenting in his pre-close…
Exxaro sells ferrosilicon assets for R250m to EverSeed
EXXARO Resources announced on Monday the sale of its ferrosilicon assets for R250m which it said was in line with its strategy to focus on coal and manganese. Built in 1997 with…
Glencore in talks on Mokala manganese offtake deal
GLENCORE said on Wednesday it had exercised its tag along rights in respect of an offer for the Mokala manganese mine in South Africa’s Northern Cape province. It’s understood…
Exxaro looks to higher dividend payments after manganese deal
EXXARO Resources held up well in the six months to end-June increasing headline earnings 13% and raising its interim dividend as management focussed on completing the major…
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…
Macozoma’s Ntsimbintle has vehicle for manganese consolidation following Gilbertson ouster
THE ousting in mid-October of Brian Gilbertson from Australia’s Jupiter Mines will have important consequences for South Africa’s manganese industry as it hands management…
Gilbertson ousted from Jupiter Mines after shareholders rebel against executive pay
BRIAN Gilbertson, the revered South African mining executive, has been ousted from the board and chairmanship of Jupiter Mines following a shareholder revolt over executive pay.…
SA mining icon Brian Gilbertson may be forced off board amid executive pay furore
A BOARD coup is underway at Sydney-listed Jupiter Mines after shareholders resoundingly voted down the company’s remuneration report and refused to re-elect two directors.…