R/€ = 14.52 Change: 0.07
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Au 1346.70 $/oz Change: 14.71
Pt 953.50 $/oz Change: -4.07


Cause of fire at Exxaro reductants plant in Limpopo being investigated

By: Marleny Arnoldi     Updated 1 hour 39 minutes ago Diversified miner Exxaro Resources and the Department of Mineral Resources are investigating the cause of a fire that broke out at Exxaro’s Grootegeluk reductants plant, in Lephalale, Limpopo, on Wednesday.  

Mining companies stepping firmly into the new world of the Fourth Industrial Revolution

By: Martin Creamer     23rd March 2018 Mining companies are taking technology advances seriously. Two have stepped firmly into the world of the Fourth Industrial Revolution and another two have set targets and made proposals that reflect to the credit of the industry.  

Resources Watch  

     22nd March 2018 This week: Coal, rapid loadout projects under construction; Exxaro declares innovation an imperative; And, South African foundry aims to expand footprint in North America 

Resources Watch  

     15th March 2018 This week: Exxaro negotiating new business opportunities beyond mining German ruling likely blessing in disguise for platinum And, Implats harvests loss shafts, mulls more investment in profitable shafts 

Innovation, digitalisation taking center stage  

     14th March 2018 It’s interesting times ahead for innovation with mining company Exxaro Resources allocating R900-million to innovation initiatives while JSE-listed ELB Engineering Services believes it can push South Africa into the Fourth Industrial Revolution. Mining Weekly editor Martin Creamer has the story. 

Coal, rapid loadout projects under construction - Exxaro 

By: Martin Creamer     13th March 2018 Diversified mining company Exxaro Resources, which began a R13-billion coal expansion programme in the second half of last year, has three coal projects and a rapid loadout station under construction, and is at the ready to develop another two coal projects, pending Department of Energy and Eskom... 

Exxaro negotiating new business opportunities beyond mining 

By: Martin Creamer     8th March 2018 While retaining coal as its bedrock, Exxaro Resources has begun taking steps that will take the company beyond coal and even beyond mining, Exxaro CEO Mxolisi Mgojo said on Thursday. But this is all taking place while Exxaro continues to invest heavily in its long-term coal-mining business, which... 

Exxaro operations generate 23% more cash, one fatality

By: Martin Creamer     8th March 2018 Cash of R6.8-billion generated by the operations of Exxaro Resources was 23% higher in the 12 months to December 31, when net operating profit increased by 17% to R6.1-billion. Revenue rose 9% to R22.8-billion buoyed by the coal business, which benefitted from higher selling prices and volumes. 

Exxaro expects 30% to 40% increase in FY17 core HEPS

By: Nadine James     2nd March 2018 Diversified miner Exxaro Resources expects to report a 30% to 40% increase in core headline earnings per share (HEPS) for the year ended December 31. The core HEPS excludes one-off Items, including costs relating to the implementation of its replacement black economic empowerment transaction, as... 

Exxaro to pay special dividend of R4.5-billion

By: Simone Liedtke     13th February 2018 Diversified miner Exxaro Resources has resolved to pay a special dividend of R4.5-billion out of income reserves following the sale of a portion of its interest in US mineral sands producer Tronox. Exxaro in October 2017 sold about 22.4-million shares in Tronox for R6.5-billion. 

DRA signs coal preparation plant deal with Exxaro

By: Megan van Wyngaardt     26th January 2018 Global engineering firm DRA has secured a contract with Exxaro Coal Mpumalanga, a subsidiary of JSE-listed Exxaro Resources, to build a 500 t/h coal handling and preparation plant (CHPP), in Belfast, Mpumalanga. The CHPP will comprise primary and secondary sizing stations, an overland conveyor,... 

Exxaro eases BEE scheme replacement concerns

By: Natasha Odendaal     20th November 2017 Diversified miner Exxaro Resources on Monday moved to ease shareholder concerns over its new replacement black economic empowerment (BEE) scheme that will ultimately hold a 30% stake in the JSE-listed firm. Shareholders had queried the ultimate controller of K2016475450 (BEE SPV), the special... 

Exxaro spending R20bn on coal projects

By: Martin Creamer     27th October 2017 One of South Africa’s largest and foremost black-empowered mining companies, Exxaro Resources, is implementing a five-year, R20-billion capital expenditure (capex) programme on coal mining projects in Limpopo and Mpumalanga. The black-led JSE-listed company has seven coal projects under way, four... 

Shared vision needed for mining to boost entire economy – Mgojo

By: Martin Creamer     24th October 2017 A collective national vision, which must be viable, inclusive and transformative, is urgently needed to unleash mining’s latent ability to energise the entire South African economy, Chamber of Mines president Mxolisi Mgojo said on Tuesday. Speaking at a media lunch, Mgojo emphasised the folly of... 


By: Martin Creamer     13th October 2017 South African diversified resources company Exxaro Resources will invest 50% of its R20-billion coal capital expenditure programme over the next five years in the Waterberg area. The R10-million investment is a milestone, as it comes at a time when the mining sector is not investing in projects.... 

Exxaro sells Tronox shares for R6.5bn

By: Martin Creamer     11th October 2017 Diversified mining company Exxaro Resources has completed the sale of a portion of its shareholding in American mineral sands company Tronox for R6.5-billion. Exxaro, headed by CEO Mxolisi Mgojo, said on Wednesday that it had raised $474-million from the sale of 22 425 000 class A ordinary shares... 

Exxaro, Transnet ink ten-year coal transportation agreement

By: Anine Kilian     3rd October 2017 South African diversified resources company Exxaro Resources has signed a ten-year coal export transportation agreement with State-owned rail utility Transnet, which will increase coal volumes from the Limpopo-based Waterberg region to the Richards Bay Coal Terminal (RBCT), in KwaZulu-Natal,... 

NUM members to embark on strike at two Exxaro coal mines

By: Anine Kilian     13th September 2017 The National Union of Mineworkers (NUM) has served diversified miner Exxaro Resources with a notice to embark on a protected strike at the Grootegeluk mine, in Lephalale, Limpopo, and at the Leeuwpan mine, in Delmas, Mpumalanga.   The NUM submitted wage demands on April 13 and accuses Exxaro of... 

Exxaro H1 headline earnings rise on higher coal sales

By: Anine Kilian     17th August 2017 Diversified miner Exxaro Resources has posted headline earnings of R2.79-billion for the six months ended June 30, compared with headline earnings of R1.10-billion in the first half of 2016. Revenue rose 10% year-on-year to R10.74-billion, while group net operating profit increased by 35% to... 

Exxaro to report higher interim HEPS

By: Creamer Media Reporter      11th August 2017 Diversified miner Exxaro Resources expects to report headline earnings per share (HEPS) of 795c to 925c for the six months to June 30. This compares with HEPS of 309c for the six months to June 30, 2016. 

Chamber going to court to halt devastating charter blow to already battered mining sector 

By: Martin Creamer     15th June 2017 The Chamber of Mines of South Africa will be applying at the earliest opportunity for a court date for a declaratory order on continuing empowerment consequences, as well as immediately seeking an interim court interdict to suspend the implementation of Mining Charter Three, the devastating set... 

Renewable energy eclipsing coal – Fieldstone 

By: Martin Creamer     12th June 2017 Renewable energy is very rapidly ousting coal, which could present a blow to Botswana, which has been pinning its hopes on coal replacing the static diamond industry as its new platform for economic growth. “Renewable energy is just about the only thing being invested in,” Fieldstone Africa MD... 

Praveer Tripathi

By: Martin Creamer     9th June 2017 This week we feature Praveer Tripathi, Senior vice president Atha-Africa Ventures, an India-rooted company that is developing the Yzermyn underground coal project in South Africa 


By: Martin Creamer     2nd June 2017 The 128-year-old Chamber of Mines of South Africa is heading for a new beginning under new president Mxolisi Mgojo, 57, the CEO of the R40-billion, 6 000-employee, black-controlled mining company Exxaro Resources, a company with mining experience in coal, mineral sands, zinc and iron-ore and... 

Mgojo elected president as chamber heads for new beginning, new name, rebranding

By: Martin Creamer     24th May 2017 It is an organisation that is more relevant today than it has ever been in its 128-year history. Its role is so much more than mining. It operates in a changing environment and needs to contemplate its own new identity and name. 

Mining’s role as economic transformation lever must be used to the full

By: Martin Creamer     24th March 2017 For the past century, the view of mining by the governments of Africa has been deficient as it prioritised rent maximisation and ignored mining's innate ability to function as a powerful lever for structural economic transformation.  Rightfully, this point is being emphasised by the African... 

New dry beneficiation tech has multiple benefits

By: Marleny Arnoldi     17th March 2017 The Coaltech Research Association plans to further evaluate a new, dry dense medium separation (DMS) process later this year at a pilot plant at a coal mine in Witbank. Since mid-2015, Coaltech has been investigating the new process that was commercialised by electricity and coking company... 

Mining deaths up 31% since January

By: Ilan Solomons     17th March 2017 South African Colliery Management Association (Sacma) president Kevern Mattison has called for a “revolutionary step change” to achieve the mining industry’s goal of achieving ‘zero harm’. He highlighted that the local mining industry had to become “sexy, attractive and funky” to ensure that this... 

South Africa Inc must force government to repair damage its ineptitude is causing

By: Martin Creamer     17th March 2017 South Africa’s economic growth remains inadequate to drive the changes required for the country’s socioeconomic challenges and the continued delay in the promulgation of key minerals legislation is deterring the investment required to make South Africa’s mining industry fire on all cylinders.... 

Anglo's South African coal bidders said to consider listings

By: Bloomberg     15th March 2017 The two main bidders for Anglo American’s South African coal mines plan to list their companies if they are successful in buying the operations, according to three people familiar with the plans. Phembani Group, founded by MTN Group chairperson Phuthuma Nhleko, and Masimong Minerals are seen as... 

Coal-boosted Exxaro’s earnings soar

By: Martin Creamer     9th March 2017 Diversified mining company Exxaro delivered a strong performance in the 12 months to December 31, with its higher net operating profit boosted by higher coal selling prices. The headline earnings of the JSE-listed company, headed by CEO Mzolisi Mgojo, were 185% higher at R4 621-million. 

Exxaro begins mineral sands exit

By: Martin Creamer     8th March 2017 Diversified mining company Exxaro Resources on Wednesday announced its intention to begin exiting its stake in mineral sands company Tronox. The Exxaro board would explore available alternatives to monetise the Tronox shareholding in a thoughtful, efficient and staged process over time, the... 

High Court rules in favour of Earthlife Africa in South Africa’s first climate change case 

By: Kim Cloete     8th March 2017 The North Gauteng High Court has ruled in favour of environmental justice organisation, Earthlife Africa (ELA), on the basis that the climate change impacts of the proposed Thabametsi coal-fired power station, were not  properly considered. In South Africa’s first climate change court case, ELA... 

Judgment reserved in South Africa’s first climate change court case  

By: Kim Cloete     7th March 2017 The outcome of South Africa’s first climate change court case could set an important precedent. Judgment has been reserved, following compelling arguments in the Pretoria High Court by lawyers for Earthlife Africa, the Department of Environmental Affairs (DEA) and the developers of the 557.3 MW... 

Slide in BEE ownership to 30% won’t affect Eskom supply deals, says Exxaro

By: Ilan Solomons     9th December 2016 Diversified miner Exxaro Resources has assured investors that despite its black ownership falling below the 51% required by State-owned power utility Eskom for all its supply contracts, this will not affect its existing supply contracts with the utility. The company is set to introduce a new... 

Eskom reiterates 50%-plus black ownership requirement for coal suppliers

By: Megan van Wyngaardt     5th December 2016 State-owned electricity provider Eskom on Monday reiterated its commitment to procure coal for its power stations from companies that have a black ownership of more than 50%, throughout the life of the mine. This comes after Exxaro Resources recently revealed a new black economic empowerment... 

Exxaro confident Eskom contracts safe, despite BEE ownership decreasing to 30%

By: Ilan Solomons     25th November 2016 Diversified miner Exxaro Resources has assured investors that despite its black ownership falling below the 51% required by State-owned power utility Eskom for all its supply contracts, this will not affect its existing supply contracts with the utility. The company is set to introduce a new... 

Exxaro outlines new BEE deal, R3.5bn share repurchase scheme

By: Ilan Solomons     23rd November 2016 Diversified miner Exxaro Resources will put in place a new black economic empowerment (BEE) scheme once the unwinding of its existing BEE agreement has been completed. Since its establishment in 2006, Exxaro’s BEE partner has been Main Street 333 (MS333), which owns 50.19% of the issued ordinary... 

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