Exxaro eyes South32's coal assets, export quota - CEO

3rd October 2018 By: Reuters

JOHANNESBURG – South African miner Exxaro is eyeing South32's local coal assets, which include an export quota, as it looks to increase its exports, Exxaro's CEO told Reuters on Wednesday.

"We have expressed interest at this very early round in the South32 assets," Mxolisi Mgojo said on the sidelines of the Joburg Indaba mining conference.

"Our primary objective is to get further exposure on the export side and the South32 assets also come with Richard Bay Coal Terminal entitlements," he said.