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Exxaro concludes R3.6bn share repurchase scheme

By: Natasha Odendaal     17th January 2017 JSE-listed Exxaro on Tuesday said all conditions precedent to the specific repurchase of shares from its black economic empowerment (BEE) partner Main Street 333 (MS333) have been met. Exxaro will acquire nearly 44-million ordinary shares from MS333 in a deal valued at around R3.5-billion. 

Anglo American to sell stake in Exxaro

By: Henry Lazenby     1st December 2016 Global diversified miner Anglo American announced Wednesday that it would sell its 9.7% stake in South African miner Exxaro, using the proceeds to reduce debt. Exxaro’s controlling black economic empowerment shareholder, Main Street 333, will also sell its Exxaro stake, Anglo American stated. 

Exxaro forecasts higher coal sales, production by year-end

By: Megan van Wyngaardt     23rd November 2016 South African coal producer Exxaro expects thermal coal production from its commercial mine to increase by 6% year-on-year in the second half of its financial year, owing to the inclusion of Exxaro Coal Central (ECC) before the 2016 financial year end. However, the JSE-listed miner noted that... 

Exxaro over the moon on independent coal power selection

By: Martin Creamer     12th October 2016 The selection of Thabametsi as a preferred independent coal-fired power project has delighted black-owned mining company Exxaro, which will chip in a R3-billion first phase coal mine to supply 3.9-million tons of coal a year for 30 years to its power plant partners. Energy Minister Tina... 

Exxaro concludes Inyanda sale to Burgh, Lurco

By: Megan van Wyngaardt     4th October 2016 The Competition Commission has approved the acquisition of the Inyanda colliery by a consortium comprising Burgh Group and Lurco Group from Exxaro. Burgh and Lurco will continue to use the Inyanda plant, situated in the eMalahleni district in Mpumalanga, for coal beneficiation and foresees the... 

Mine land, water should be used for agriculture – Exxaro 

     21st September 2016 Black-controlled mining company Exxaro recently pleaded for mine land and mine water to be used for community development through agriculture.  

On-The-Air (16/09/2016) 

By: Martin Creamer     16th September 2016 Black-controlled mining company Exxaro this week pleaded for mine land and mine water to be used for community development through agriculture; Anglo American Platinum has taken another firm step towards establishing the fuel cell as a new clean force in transport and electricity generation; The... 

Mine land, water should be used for agriculture – Exxaro CEO 

By: Martin Creamer     14th September 2016 The vast tracts of land and abundant water supply held by mining companies around their mines should be used for community development through agriculture. “We sit on land, vast land. We sit on water resources, where because of new legislative requirements, we have to make sure that we put in... 

Capital follows certainty, Cennergi warns amid IPP flux 

By: Terence Creamer     8th September 2016 South African independent power producer (IPP) Cennergi, which is a joint venture between Exxaro and Tata Power, warns of possible investor “flight” unless the prevailing uncertainty surrounding the future of IPPs in South Africa is urgently resolved. Speaking to Engineering News Online ahead of... 

Think long

By: Terence Creamer     15th July 2016 For some time now, State-owned electricity utility Eskom has been signalling that it intends overhauling the way it sources coal. Ever since Brian Molefe took over as CEO, he has questioned whether it is appropriate for Eskom to invest directly in mines through cost-plus supply contracts with... 

Gasification could reinvigorate coal mining – Mast-Ingle 

By: Martin Creamer     6th July 2016 Coal mining in Africa and in South Africa in particular could provide the key to powering up growth on the continent if the opportunity presented by recent developments in underground-coal-to-gas (UCG) technology is seized and implemented. Project management consultant and UCG thought leader... 

Vanderbilt Commercial to fund $30m Tango loan for Botswana project

By: Henry Lazenby     28th March 2016 California-based financial lender Vanderbilt Commercial Lending has presented TSX-V-listed Tango Mining with a proposal outlining a $30-million loan commitment to fund Tango’s acquisition and the capital required to restart the BK11 kimberlite diamond mine (BK11 mine), in Botswana. Pending... 

Coal baseload bidder expects IPP project evaluation to begin early April 

By: Terence Creamer     18th March 2016 One of the two bidders for the first round of South Africa’s Coal Baseload Independent Power Producer Procurement Programme (CBIPPPP), Marubeni, of Japan, expects the evaluation of bids to begin in April, following an initial delay in the Independent Power Producer (IPP) Office receiving the... 

Changes To The Board Of Directors Of Exxaro Resources Limited

     4th March 2016 In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders of diversified resources group Exxaro are advised that Mr WA (Wim) de Klerk will, after much consideration and deliberation, be stepping down as Finance Director of the Company.  The Company’s Board of... 

De Klerk to step down as Exxaro FD

By: Megan van Wyngaardt     4th March 2016 Wim de Klerk will step down as FD of diversified resources group Exxaro at end-August. De Klerk was requested to, during this period, assist outgoing CEO Sipho Nkosi to coordinate the process of identifying and appointing a successor, as well as assisting with the transition process, finalising... 

Eskom, Exxaro infighting must end – NUM

By: Megan van Wyngaardt     4th March 2016 The National Union of Mineworkers (NUM) on Friday expressed its disappointment over the standoff between coal miner Exxaro and State-owned Eskom regarding the possible closure of Exxaro’s Arnot coal mine, in Mpumalanga, which was no closer to being resolved. This followed reports on Thursday that... 

Lower commodity prices impact Exxaro results

By: Megan van Wyngaardt     25th February 2016 As a result of the current weakness in the ferrochrome industry and the lack of demand for semi-coke products, JSE-listed miner Exxaro expects its headline earnings for the year ended December 31 to drop by between 65% and 73% – or R3.15-billion to R3.53-billion – year-on-year. The company also... 

Eskom CEO concedes price hike to impact economy 

By: Natasha Odendaal     5th February 2016 As public hearings continued into State-owned power utility Eskom’s request for higher electricity tariffs, CEO Brian Molefe on Friday conceded that a spike in prices would impact the entire economy. Eskom had applied for a 16% hike to recover the billions of rands it spent on diesel power... 

Mine fatalities reach all-time low, occupational disease incidences fall 3% 

By: Ilan Solomons     28th January 2016 In 2015 South Africa recorded its lowest-ever number of mine fatalities - 77, down from 84 the year before, Mineral Resources Minister Mosebenzi Zwane revealed on Thursday. Gold mines reported 33 fatalities in 2015 – an improvement on the 44 fatalities the year before; however, the number of... 

Cost-plus mines under scrutiny as Eskom rolls out new coal procurement strategy

By: Terence Creamer     26th January 2016 Eskom group executive for generation Matshela Koko reports that the utility has taken an in principle decision to migrate from investing in cost-plus coal mines, which are increasingly underperforming, to fixed-price coal contracts. Speaking exclusively to Engineering News Online, Koko also... 

Local JV to start coal beneficiation hub in Mpumalanga

By: Megan van Wyngaardt     8th December 2015 Coal beneficiation and the future supply of beneficiated coal for energy generation in South Africa has received a significant boost following a joint venture (JV) partnership between Lurco Group and Burgh Group for the acquisition and development of a coal beneficiation complex in the eMalahleni... 

Exxaro to continue talks with Eskom about Arnot mine closure 

By: Megan van Wyngaardt     2nd December 2015 Coal miner Exxaro is continuing discussions with parastatal Eskom to reach a joint closure solution for the Arnot mine, as prescribed in its coal supply agreement. The miner said in a statement late on Tuesday that during a high-level meeting between senior executives of the parties on November... 

Eskom on Arnot job losses: SA can't afford output costs

By: News24Wire      1st December 2015 Power utility Eskom has expressed concern over reports about the possible closure of Arnot coal mine and the job losses that would inevitably follow such a move, as well as anger with what it termed the leaking of confidential information. "Eskom is deeply concerned about the recent media reports... 

Exxaro likely to move more coal in FY2015; cuts expansion capex

By: Natalie Greve     20th November 2015 Coal and heavy minerals miner Exxaro expects coal production and sales volumes for the 2015 financial year to top that of the prior 12 months, noting in a market update this week that the scheduled ramp-up of the Medupi power station and the inclusion of coal output from Exxaro Coal Central (ECC)... 

Exxaro commissions R385m Grootegeluk coal slimes facility

By: Megan van Wyngaardt     13th November 2015 Coal and heavy minerals miner Exxaro has commissioned a R385-million, 4.6-million cubic metre, environment-friendly cyclic-operated coal slimes ponds facility at its Grootegeluk mine, in Lephalale. The facility, which comprised four ponds, provided unlimited capacity owing to continuous... 

Universal reports lower output in Sept quarter

By: Esmarie Swanepoel     30th October 2015 South Africa-focused coal miner Universal Coal has reported a 13% decline in run-of-mine (RoM) coal production to 686 900 t for the quarter ended September, compared with the 790 687 t delivered in the previous quarter. The lower production was owing to a reconfiguration of the Kangala colliery... 

Exxaro’s BEE shareholder secures IDC guarantee

By: Natasha Odendaal     23rd October 2015 Diversified miner Exxaro on Friday said its majority black economic-empowerment shareholder consortium Mainstreet 333 (MS333) had secured a R700-million guarantee from the Industrial Development Corporation (IDC). In July, Exxaro said it would provide MS333 a R400-million loan to repay a portion... 

Zwane calls on mining companies to provide more bursaries 

By: Megan van Wyngaardt     22nd October 2015 Mineral Resources Minister Mosebenzi Zwane on Thursday called on mining companies to offer more bursaries to students in need. Speaking at a housing project, launched by mining company Exxaro, Zwane appealed for the sector to contribute more toward funding education and skills development. 

Coal strike, wage talks continue

By: African News Agency      13th October 2015 Centralised collective bargaining discussions between National Union of Mineworkers (NUM) and coal producers continue on Tuesday, the Chamber of Mines said. Thousands of coal mine workers have been on strike for just over a week. 

Energy sector contributions recognised

     9th October 2015 The recipients of the 2015 South African National Energy Association (Sanea)/South African National Energy Development Institute Energy (Sanedi) Awards were announced at a ceremony and banquet in Sandton last month. Sanea chairperson Brian Statham named Exxaro CEO Sipho Nkosi as the recipient of... 

Exxaro sets sights on coal to revive earnings 

By: Natasha Odendaal     20th August 2015 Diversified miner Exxaro is placing its bets on coal as the South African mining industry battles the “stormy waters” that have “pushed it into trouble”. Outgoing CEO Sipho Nkosi on Thursday said that amid challenging market conditions, declining commodity prices and extensive financial strain... 

Black-owned Exxaro commits to fresh BEE in rejigged coal deal

By: Martin Creamer     12th August 2015 Black-owned mining company Exxaro, which has succeeded in negotiating a $210-million cut in the purchase price of Total Coal South Africa, continues to be statutorily obliged to find a black economic-empowerment (BEE) partner as a government condition for the transfer of ownership to it. While it... 

Eskom unveils new coal-sourcing strategy as it pursues R2bn Optimum claim  

By: Terence Creamer     11th August 2015 State-owned electricity utility Eskom has confirmed an overhaul to its coal-sourcing model, which could result in it withdrawing from its historical cost-plus arrangements with “tied collieries” in favour of arms-length commercial contracts with coal suppliers. The change in strategy came amid a... 

Exxaro H1 loss a share likely to recover by 20%

By: Natalie Greve     7th August 2015 South Africa-based diversified resources group Exxaro expects its attributable loss a share for the six months ended June 30 to recover by some 20%, while headline earnings a share would likely improve by the same margin. It added in a trading statement on Friday that it expected to swing to a... 

Exxaro to loan majority BEE shareholder R400m

By: Creamer Media Reporter      24th July 2015 Diversified miner Exxaro on Friday said it would provide its majority black economic-empowerment shareholder consortium Mainstreet 333 (MS333) a R400-million loan to repay a portion of a refinanced preference share facility. On the back of the commodity price slump and its impact on Exxaro’s... 

R250m water treatment plant unveiled at Matla 

By: Creamer Media Reporter      7th May 2015 Diversified miner Exxaro has unveiled the first of three water treatment plants designed to mitigate underground water storage constraints, protect scarce natural water resources and ensure the safety of mineworkers.  

Logistics company RTMS-accredited

By: Pimani Baloyi     17th April 2015 JSE-listed logistics service provider Onelogix Group has obtained its Road Traffic Management System (RTMS) accreditation, which the company believes will add to the high-quality service that it already offers. Onelogix group CEO Ian Lourens tells Engineering News that the company regards the... 

On-The-Air (10/04/2015) 

By: Martin Creamer     10th April 2015 South Africa’s power problems are presenting platinum miners with a huge new growth opportunity 

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