Exxaro plans to acquire African Iron for $349m
South African mining firm Exxaro Resources has made an offer worth up to A$338m ($349m) to buy a controlling stake of African Iron, targeting the latter's Mayoko iron …
Exxaro moves to exploit Mayoko iron ore project in Congo
Exxaro's Mayoko iron ore project in Congo Cape Town, South Africa — 05 June 2012 – South African diversified miner Exxaro is to upgrade a railway line in the Republic of Congo to transport at least 10Mtpa by 2016 as it moves to exploit its recently acquired Mayoko iron ore project in that country. The French-built railway, constructed in 1931, currently has a …
Hydro plant considered for iron ore project in DRC
Plans are being considered for development of a hydroelectric project to supply power to Exxaro Resources' Mayoko iron-ore project in the Democratic Republic of Congo. …
Exxaro Resources ends coal miners' strike in South Africa
The Syama mine, owned by Australian company Resolute Mining, comes out on top with 141 tonnes of gold reserves. Reuters | August 22, 2024 | 9:25 am Copper exports from DRC to the US begin via ...
Exxaro hopes to fast-track Congo iron ore project
Congo's harbour of Pointe-Noire "' facing major expansion to handle iron ore exports Pretoria, South Africa — 10 May 2012 – South African-based and JSE-listed mining group Exxaro Resources Limited is studying the possibility of speeding up an iron-ore project in the Republic of Congo, after its 20% stake in a mine producing the commodity contributed …
Exxaro reports highest ever dividend from high coal and iron ore …
Exxaro Resources, South Africa's biggest coal producer that paid its highest interim dividend to June 2021 on firm iron ore prices, said yesterday that the coal export industry had recorded its ...
Exxaro's Belfast Coal is more than just a mining …
It's the first mine in South Africa a new mine has been developed incorporating a digital twin. The minegained further kudos when it is announced that it will start producing coal six months ahead of schedule. Exxaro's Belfast …
Exxaro closes in on critical metals deal
Exxaro was among the investors that lost out to China's MMG in a bid for Botswana's Khoemacau copper mine last year, and it is now conducting due diligence on some potential acquisitions ...
Exxaro sells Mayoko Iron Ore Project in Congo
South African company Exxaro Resources has completed the sale of its Mayoko Iron Ore Project in Congo to Sapro.. The Mayoko Project was acquired by Exxaro in 2012 and its loss in production was announced in June 2014 due to a fall in iron ore prices.
Miners to negotiate regulations as DRC's Kabila unmoved …
MINING companies operating in the Democratic Republic of Congo (DRC), including Randgold Resources and Glencore, agreed with the government to negotiate the mining regulations related to Mining Code changes adopted by parliament. This follows a meeting on March 7 between DRC president, Joseph Kabila, and a group of mining firms, …
Exxaro granted Mining Convention for Mayoko
Exxaro Resources has been granted a mining convention for the Mayoko Iron Ore Project, located in the Republic of Congo, which upon production commencement will see CFE receive significant royalty payments on an ongoing basis. Production from Mayoko is due to commence in H2 2014 at a rate of 30,000 tonnes per month, rising to 2 million tonnes per …
Exxaro Resources Limited Integrated report 2019
Iron ore. A leading supplier of high-quality iron ore to the global steel industry and a subsidiary of Kumba Iron Ore Limited. Coal. Coal mining comprises the core of Exxaro's operations, which are structured under four legal entities, …
Exxaro pays special dividend while M&A search goes on
EXXARO Resources on Thursday said it would pay a special dividend taking the final payout for its 2023 financial year ended December to R15.82 per share.. The special dividend of R5.72/share or R2bn represents the pass through of the dividend received from Exxaro's 20.4% stake in iron ore producer Sishen Iron Ore Company which is controlled by …
Exxaro Predicts Lower Production, Prices in First Half 2024
Exxaro Resources, a diversified miner and renewable-energy company, expects lower coal and iron-ore prices and reduced production for the first half of 2024. The company anticipates an average benchmark API4 Richards Bay Coal Terminal (RBCT) export price of $101 per ton, compared to $112 per ton in the second half of 2023.
South Africa's Exxaro eyes South32's coal assets, export quota
Oct 3 (Reuters) – South African miner Exxaro is eyeing South32's local coal assets, which include an export quota, as it looks to increase its exports, Exxaro's chief executive told Reuters ...
Exxaro warns of lower interim earnings
Diversified mining company Exxaro says it expects its headline earnings per share (HEPS) for the six-month period ended June 30 to be between 31% and 45% lower than that reported for the six-month ...
Exxaro Resources Limited – Integrated report 2021 | About Exxaro
Exxaro has two decades of experience in mining, energy and ESG. We have a diversified asset portfolio comprising interests primarily in coal, a growing renewable energy solutions business and equity-accounted investments in ferrous (iron ore) and zinc. We have plans to invest and diversify into manganese, bauxite and copper.
Exxaro Mine Operations | Where We Operate
Early commercialisation projects were conducted successfully in the iron ore industry with the support of Kumba Iron Ore, where Exxaro holds a 20% shareholding in its subsidiary, the Sishen Iron Ore Company. The UHDMS …
Our Operations: Our Resources | Exxaro
Exxaro's ten sites afford us the ability to mine coal, for domestic and export markets, iron ore, ferrous and zinc, as well as produce wind energy. Read more. Our Business Our Business ...
Exxaro Resources Limited – Integrated report 2022 | About Exxaro
Our core operation is thermal, semi-soft coking and metallurgical coal mining, supplying Eskom, other domestic markets and offshore markets. Our coal mining business is structured under four legal entities, all managed and operated by Exxaro, supplemented by a 50% JV with Thungela Resources Limited in Mafube and a 12.04% legal equity interest in RBCT.
Exxaro plans to acquire African Iron for $349m
South African mining firm Exxaro Resources has made an offer worth up to A$338m ($349m) to buy a controlling stake of African Iron, targeting the latter's Mayoko iron ore project in the Republic of the Congo.. As per the agreement, Exxaro will pay up to A$0.57 a share to all African Iron shareholders if the South African firm acquires 75% or more of the fully …
Congo billionaire seeks French loan to develop iron-ore …
SAPRO operates an iron-ore project at Mayoko acquired from Pretoria, South Africa-based Exxaro Resources Ltd. in 2016. Exxaro sold the enterprise after failing to secure port and rail agreements ...
Exxaro hopes to fast-track Congo iron ore project
Congo's harbour of Pointe-Noire "' facing major expansion to handle iron ore exports Pretoria, South Africa — 10 May 2012 – South African-based and JSE-listed mining …
Exxaro Annual Results for FY Ending 31 Dec 2021 | Exxaro
Exxaro's Annual Financial Statements show resilient growth, reports a 46% increase in core EBITDA and a 58% increase in core HEPS for year ended 31 December 2021. ... driven by high iron ore export prices and price premia. The weighted average number of shares (WANOS) decreased slightly to 247 million (FY20: 251 million) because of shares ...
Exxaro's Annual Results, Ending 31 December 2023 | Exxaro | Exxaro
Explore Exxaro annual results for the past 12 months, ended 31 Dec 2023. Financial results, exxaro shares, coal and energy business performance ... SIOC's adjusted equity-accounted income increased by 26% due to higher iron ore prices, sales volumes and cost optimisation initiatives, which were offset by a 73% decrease in Mafube's (our 50% ...
iron ore mine in drc of exxaro
Mayoko Iron Ore Project Mining Technology The Mayoko iron ore project is located within the southwest region of the Republic of Congo (RoC) The project co ... iron ore mine in drc of exxaro T20:06:18+00:00 Who we are > Products > …
Less Coal, More Wind in Sails | Exxaro
Exxaro 's financial year ends in December. In March 2020 it reported a 9% increase in core headline earnings for the 2019 financial year, largely as a result of growth from Sishen Iron Ore Company. Its interim results announced in August 2020 were positive, largely as a result of Exxaro 's ability to carry on operating through the lockdown.
Exxaro Operations: Mines and Projects | Exxaro
Exxaro owns 21% of Sishen Iron Ore Company (SIOC). They are a leading supplier of high-quality iron ore to the global steel industry and a subsidiary of Kumba Iron Ore Limited (KIO). ... Mafube coal is an existing 50/50 joint venture between Exxaro and Anglo American, the open cast mine, located east of Middleburg in the Mpumalanga province. ...
Exxaro Resources – The rise of the 'digital' coal mine
Black-empowered, diversified mining company Exxaro Resources (Exxaro) broke ground in July at its Belfast coal project in Mpumalanga. The development of the Belfast mine, which is being largely driven by innovation and digitisation, is in line with the company's 2026 strategy aimed at remaining relevant in the changing world in which it operates. …