Latest Press Releases
Press Release • 13 Mar 2025
Exxaro delivers on guidance, achieving exceptional export performance, improves safety performance, and maintains superior shareholder returns
Exxaro’s performance for the 2024 financial year demonstrated resilience and continued operational excellence. Our net cash position increased to R16.3bn (excluding Energy’s net debt) by the end of 2024, compared to R14.8bn at the end of 2023. As such the Board resolved to embark on a share repurchase programme of R1.2 billion subject to the prevailing market conditions and JSE Listings Requirements. The Board approved a gross final cash dividend of R8.66 per share, for the year ended 31 December 2024. Additionally, the Board approved a R1.2 billion share repurchase programme, subject to prevailing market conditions and JSE Listings Requirements.
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Press Release • 13 Mar 2025
Appointment of Ben Magara as new chief executive officer of Exxaro
Johannesburg, 13 March 2025 - Exxaro Resources Limited (“Exxaro” or “the Company”) has today announced the appointment of its new Chief Executive Officer (“CEO”). Following an expedited and targeted selection process, the board of directors of Exxaro (“Board”) is pleased to announce the appointment of Mr Bennetor (“Ben”) Magara as the incoming CEO, effective 1 April 2025. Ben will succeed Acting CEO, Mr Riaan Koppeschaar, who will continue in his role as Finance Director.
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Press Release • 12 Mar 2025
Exxaro’s 2024 Financial Results prove that sustainable impact is truly at the core of the business
Exxaro Resources, South Africa’s black empowered diversified minerals and energy solutions business released its full-year financial results for the year ended 31 December 2024. Despite the challenging operational landscape and market conditions, the performance demonstrates resilience in a dynamic industry, reinforcing commitment to the group’s strategic objectives as well as value creation for stakeholders. Some of the highlights include 28 consecutive months without work related fatalities and improving lost time injury frequency rate. This demonstrates Exxaro’s effective safety strategy and dedication of all employees to towards reaching our goal of Zero-Harm.
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Press Release • 19 Feb 2025
Exxaro’s energy solutions business, Cennergi in partnership with G7 Renewable Energies concludes a 20-year Power Purchase Agreement (PPA) to supply 140MW wind power to Northam Platinum
Cennergi Holdings Ltd (Cennergi), a wholly owned subsidiary of Exxaro Resources Limited, in partnership with G7 Renewable Energies (G7) has successfully achieved financial close on the 140MW Karreebosch Wind Farm (RF) (Pty) Ltd (Karreebosch), marking a significant milestone in South Africa’s renewable energy landscape.
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Press Release • 17 Jan 2025
Exxaro kicks of 2025 with investment in quality education with new classrooms and school hall at Nelsonskop Primary School in Lephalale, Limpopo
Exxaro Resources handed over a school hall and four (4) classrooms to Nelsonskop Primary School near its flagship site, Grootegeluk Mine in Lephalale, Limpopo. This project forms part of the organisation’s Social and Labour Plan (SLP) commitment, as well as its ongoing efforts to uplift and empower host communities by addressing critical gaps in line with its social impact pillars.
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Press Release • 15 Aug 2024
Exxaro Remains Resilient, With A Strong Balance Sheet Despite Volatile Markets
Exxaro, South Africa’s black empowered diversified minerals and energy solutions business released its half year results ended 30 June 2024, with the highlights including coal export sales of 3.2 million tonnes and a price realisation of 95% in line with our target.
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Press Release • 15 Jul 2024
Exxaro, the Agricultural Research Commission (ARC), and the EKIM Wildlife Centre of Excellence Collaborate to Combat Climate Change
Exxaro Resources the Agricultural Research Council (ARC) and the EKIM Wildlife Centre of Excellence this morning announced the signing of a Memorandum of Understanding (MoU) that strengthens a shared commitment to combating climate change and promoting sustainable development. This collaboration marks a significant step in leveraging research, innovation, and strategic initiatives to address the pressing challenges posed by climate change.
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Press Release • 08 Mar 2024
Exxaro’s Annual Results for the Twelve Months Ended 31 December 2023 Press Release
Exxaro Resources Limited (Exxaro), the black empowered diversified resources and renewable energy group, reported its second highest EBITDA performance of R13.4 billion (FY22: R19 billion) and HEPS of 46.81 (FY22: R60.16) for the financial year ended 31 December 2023, a robust performance despite lower export prices and lower domestic and export sales
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Press Release • 05 Dec 2023
Exxaro Resources and the Council of Geoscience Unite Forces in Landmark Agreement for Decarbonisation
As a mining and renewable energy solutions company that believes in sustainable value creation through its relationships, impact, and vision, Exxaro is committed to ensuring economic and social stability, energy security and supply. In collaboration with the Council of Geoscience (CGS), Exxaro has entered a memorandum of understanding (MOU) to further its sustainability and decarbonisation efforts.
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Press Release • 16 Nov 2023
Exxaro and Cennergi launch Lephalale Solar Project
Diversified mining and renewable energy solutions company, Exxaro Resources, alongside its wholly owned subsidiary, Cennergi, unveil the Lephalale Solar Project (LSP) through a sod-turning ceremony.,,,
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