https://www.engineeringnews.co.za

PIC increases investment in Exxaro

Mxolisi Mgojo

Mxolisi Mgojo

Photo by Creamer Media

26th June 2020

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

The Public Investment Corporation (PIC) has increased its shareholding in coal and renewable-energy company Exxaro Resources to just over 15%, the JSE-listed Exxaro stated in a stock exchange news service announcement this month.

South Africa’s State-owned PIC is Africa’s largest asset manager, with R2.083-trillion in assets under management as of March 31, 2018.

Exxaro has established itself as one of South Africa’s largest black-empowered resource companies, operating in the Mpumalanga and Limpopo regions, where the country’s highest coal resource concentrations are located.

Eighty per cent of the coal it mines is sold to domestic markets, with the balance sold internationally.

Headed by CEO Mxolisi Mgojo, the company has the only producing mine in the coal-rich Waterberg region through its Grootegeluk operation.

The company states that it is committed to contributing positively to the achievement of the United Nations Sustainable Development Goals.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







301

sq:0.044 0.793s - 122pq - 2rq
Subscribe Now