Sector: Basic Materials
The company is available at Interactive Brokers
Exxaro Resources Limited (JSE:EXX) has established itself as one of South Africa’s largest black-empowered resource companies. Exxaro is among the top five coal producers in South Africa, and a constituent of the JSE’s Top 40 index.
Exxaro operates in both the Mpumalanga and Limpopo regions, where the country’s highest coal resource concentrations can be found. 80% of the coal is sold to domestic markets, with the balance sold internationally. Equipped with a diversified portfolio of assets and a solid resource base, the company also has the only producing mine in the coal-rich Waterberg region through its flagship operation – Grootegeluk.
Exxaro strives for excellence in everything it does. Exxaro is more than just a mining business: the company strongly believes in making a positive impact in the world. Exxaro's purpose is to power better lives in Africa and beyond, by responsibly investing in commodities that will sustain life on the continent. Exxaro's primary commodity (coal) fuels the energy and electricity consumed by South Africans.
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An industrial-scale maggot plant north of Cape Town could hold a solution to the persistent problem of methane emissions, a big contributor to climate change.
2020-04-24 05:05 +02:00
South Africa’s power utility warned coal suppliers it may halt purchases of the fuel because a nationwide lockdown to deal with the coronavirus pandemic has curtailed demand for electricity.
2020-04-21 12:05 +02:00
Eskom has declared force majeure – unforeseen circumstances that prevent the fulfilment of a contract – on one of its biggest coal suppliers, Exxaro Resources, setting the stage for possible legal action.
2020-04-20 16:05 +02:00
State-owned power producer Eskom will be the “death knell” for South Africa’s mining industry unless the government enables mines to produce their own electricity, according to Exxaro Resources CEO Mxolisi Mgojo.
2020-01-14 04:57 +02:00Thungela Resources, South Africa`s largest shipper of thermal coal burned in power stations, said its shipments of the fuel have not been impacted by a workers` strike at the country`s key coal export hub.
2023-10-02
At least three South African miners are in the running to buy Botswana`s Khoemacau copper mine that is home to one of Africa`s largest copper deposits, several sources told Reuters, as growing demand for the metal ensures strong competition for the sought-after asset.
2023-09-05
South African coal miner Exxaro Resources is planning to build up a cash balance of up to 15 billion rand ($788.34 million), partly to fund acquisitions as it widens its search for clean energy minerals, executives said on Thursday.
2023-08-17(Reuters) -Anglo American`s South African iron ore unit said collaboration between private investors and government could help resolve mounting rail bottlenecks which are forcing it to stockpile more iron ore at its mines.
2023-07-25South Africa can boost coal shipments to ports after last year`s record decline if it secures locomotives that were idled following a dispute with a key Chinese supplier, South Africa`s state-owned rail and ports operator said on Tuesday.
2023-07-18South African coal miner Exxaro Resources on Tuesday said it expects its production and sales to decline in the first half of the year due to lower domestic demand, while persistent rail logistical problems continue to hobble exports.
2023-06-27(Reuters) -South Africa`s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warned prices were easing, partly due to high inventories at European power utilities.
2023-03-16South Africa`s Exxaro Resources reported on Thursday a 28% jump in its annual profit, supported by higher coal prices, and also declared a lower dividend payout as the miner still faces rail logistics problems.
2023-03-16JOHANNESBURG (Reuters) -Coal exports from South Africa`s Richards Bay Coal Terminal (RBCT) hit their lowest level since 1993 last year, at 50.35 million tonnes, reflecting a lack of trains to carry coal from mines to port.
2023-01-26
South African coal miner Exxaro Resources` diversification into green energy minerals has become more urgent as geopolitical tensions, inflation and high borrowing costs slow investment in the critical metals, Chief Executive Nombasa Tsengwa said on Thursday.
2022-08-18(Reuters) -South African state-owned logistics firm Transnet has issued a veiled threat to coal exporters after failing to agree to changes to transportation contracts, following its declaration of force majeure in April.
2022-07-06
* Fails to agree with some miners on transport contract changes
2022-07-06
South Africa`s state-owned logistics firm Transnet will this month begin talks on new medium to long-term contracts and has lifted force majeure on nine coal exporters with which it had reached agreement, it said.
2022-07-06
* Transnet sees issues persisting for "at least" next six months
2022-04-14
A 208-wagon coal train derailed in South Africa over the weekend partially shutting a rail line that links mines to the Richards Bay export terminal, state-owned freight firm Transnet said on Tuesday, hampering exports at a time of high coal prices.
2021-07-06
South Africa`s state water infrastructure entity, the Trans-Caledon Tunnel Authority (TCTA), which needs to raise 33 billion rand ($2.21 billion) in 2021, said on Tuesday delays by treasury in guaranteeing its debt were pressuring its funding plan.
2021-03-23Exxaro Resources Ltd`s Chief Executive Officer Mxolisi Mgojo will retire in May 2023 and be succeeded by managing director of minerals Nombasa Tsengwa, the South African mining company said on Thursday.
2021-03-18
South Africa`s rand jumped on Thursday as weak business confidence data was outweighed by big surprise move up in China`s April exports that also helped its commodity currency peers.
2020-05-07
South Africa`s struggling state-owned utility Eskom said on Monday it had sent letters to its coal suppliers warning that it could declare force majeure if demand continued to drop during the nationwide lockdown.
2020-04-20
* Profits boosted by stake in Sishen Iron Ore (Recasts with focus on renewable energy)
2020-03-12
South African miner Exxaro Resources on Thursday reported a 42% rise in half-year headline profit as income from equity investments offset lower core earnings.
2019-08-22
South African coal mining company Exxaro Resources Ltd said on Thursday its full-year earnings climbed 7 percent, boosted by higher coal prices and the absence of one-off transactions seen a year earlier.
2019-03-14
South African miner Exxaro Resources said on Friday it was looking to supply coal to state-owned power utility Eskom, which has been hit by supply shortages, posing a threat to the power supply in Africa`s most industrialised economy.
2018-10-12Production
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