Exxaro bid puts Republic of Congo on iron-ore map

South Africa’s black-controlled diversified mining company Exxaro Resources is putting the Republic of Congo (RoC) on the map as a new African iron-ore development frontier with its R3-billion (A$338-million) cash takeover offer of African...

Exxaro sees New Tronox listing by Q2 of 2012

South African diversified miner Exxaro said on Tuesday it aims to list its planned New Tronox joint venture by the second quarter of next year. Exxaro, whose main focus is the production of coal, said last week it would sell its mineral sands...

Exxaro to step up capex to R7.1bn next year

JSE-listed Exxaro Resources plans to increase its capital expenditure (capex) to R7.1-billion in the 2012 financial year, which would further complement the miner’s diversification strategy. The group invested R1.8-billion on capex in the first...

Exxaro closes zinc refinery as it starts divestment from base metals

Hours after announcing the closure of its Gauteng Zincor refinery – a first step in its overall divestment away from base metals, diversified miner Exxaro reports the capital outlay that was funding its base metals projects will now be spread...

Exxaro’s planned iron-ore project advances to prefeasibility phase

Diversified miner Exxaro has moved its maiden iron-ore project into the prefeasibility study phase, however, it is still reluctant to provide any in depth insight as to where the project is likely to be located or when development of the project...

Exxaro denies report of environmental-related Mooifontein closure

Diversified miner Exxaro on Friday denied that its Arnot mine had been ordered to close over alleged environmental compliance issues, saying that it would continue to supply Eskom with about one-million tons a year of coal from the Mooifontein...

Increased demand from AMSA sees Exxaro deliver 29% more coking coal into local market

Exxaro, one of South Africa’s largest black economically-empowered mining companies, reported at its presentation of results for the six months ending June 30 that the company was pleased by the increased demand from steel producer ArcelorMittal...

Cash-flush Exxaro studying iron-ore options in Africa, Australia, S America

Diversified miner Exxaro, which has a R2-billion cash war chest, is studying a number of iron-ore options in Africa, South America and Australia, Exxaro CEO Sipho Nkosi tells Mining Weekly Online in a video interview. Nkosi says that that Exxaro,...

Zinc 'war room' up in 'next few weeks' – Exxaro

Zinc asset disposer Exxaro expects to have its zinc-sale "war room" established in the "next few weeks", Exxaro financial director Wim de Klerk told Mining Weekly Online on Tuesday. De Klerk said, after Exxaro announced the disposal of the...

SIOC reportedly not the lone applicant for ‘lost' Sishen right

The Sishen Iron Ore Company (SIOC) is reportedly not the only mining company to have applied to the Department of Mineral Resources (DMR) for the 21,4% undivided share of the Sishen iron-ore mine, which has reportedly been forfeited by JSE-listed...

Daily podcast - August 21, 2009

BHP Billiton CEO Marius Kloppers reported this week that Iron-ore pricing is heading towards greater transparency, JSE-listed diversified miner Exxaro has cut R1-billion off its planned R3-billion 2009 capital expenditure programme

Exxaro cuts R1bn capex, secures R4,5bn bridging facility for Medupi

JSE-listed diversified miner Exxaro has cut R1-billion off its planned R3-billion 2009 capital expenditure (capex) to take the total anticipated capex for the year to R2-billion. The company, which increased revenue 23% to R7,1-billion in the...