https://www.miningweekly.com

PIC now owns 15% of Exxaro’s shares

22nd February 2021

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

The State-owned Public Investment Corporation (PIC) has increased its shareholding in coal and renewable energy company Exxaro Resources to just over 15.13%, the company announced on February 22.

Exxaro is headed by Mxolisi Mgojo and is the only producing mine in the coal-rich Waterberg region where its Grootegeluk operation is located.

The company regularly reiterates its commitment to contributing positively to the achievement of the United Nations Sustainable Development Goals (SDGs), the most recent example of which is the company’s announcement at this year’s virtual Investing in African Mining Indaba event, during which Mgojo said the diversified miner “will no longer invest in thermal coal assets”.

This forms part of the company’s transition to becoming carbon-neutral by 2050 in terms of Scope 1 and Scope 2 emissions.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION