Exxaro Media & Insights: Press Releases

Latest Press Releases

Press Release • 13 May 2025

Exxaro strengthens diversification, acquires portfolio of assets in Manganese

Exxaro strengthens diversification, acquires portfolio of assets in Manganese Exxaro Resources Limited (“Exxaro”) is pleased to announce its acquisition in a portfolio of manganese assets strategically located within the globally significant Kalahari Manganese Field (KMF) in South Africa’s Northern Cape province. This investment marks a significant milestone in our strategic journey – anchored in our strong coal resources, we are transitioning into a diversified minerals and energy-solutions business.

Press Release • 13 May 2025

Exxaro’s Strategic Investment in Manganese Unlocks Growth and Local Opportunities

Exxaro’s Strategic Investment in Manganese Unlocks Growth and Local Opportunities Exxaro Resources Limited (“Exxaro”) is pleased to announce its acquisition in a portfolio of manganese assets strategically located within the globally significant Kalahari Manganese Field (KMF) in South Africa’s Northern Cape province. This investment marks a significant milestone in our strategic journey – anchored in our strong coal resources, we are transitioning into a diversified minerals and energy-solutions business.

Press Release • 14 Apr 2025

Exxaro and Eskom sign agreement to explore reducing carbon emissions, improving air quality and ensuring a just transition to a low-carbon economy

Exxaro Resources and Eskom today signed a Memorandum of Understanding (MoU) that focuses on collaboration on strategic initiatives, research, and projects in the areas of Carbon Emissions Reduction, Air Quality and Just Transition. This is consistent with South Africa’s commitment to achieving the goals of the Paris Agreement, international environmental standards, and national regulatory frameworks.The agreement focuses on jointly measuring, managing, and reducing Scope 1, 2, and 3 emissions, and potentially investing in innovative technologies to drive decarbonisation. It also emphasises

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.

Press Release • 13 Mar 2025

Appointment of Ben Magara as new chief executive officer of Exxaro

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.Ben is a qualified Mining Engineer and highly regarded mining veteran with over 35 years’ industry experience in both soft and hard rock mining at underground and open pit operations. He is renowned for driving operational excellence and providing strategic leadership at multiple large mining operations from his early days at Anglo American Coal and most recently, and notably, the stabilisation, restructuring, and turnaround of Lonmin Plc and its subsequent disposal

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. Exxaro Resources, South Africa’s black empowered diversified minerals and energy solutions business

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.Karreebosch, owned 80% by Cennergi and 20% by G7, is located between the towns of Sutherland in the Northern Cape and Matjiesfontein in the Western Cape. The wind farm will supply clean electricity to Northam Platinum’s

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. The Nelsonskop Project, which valued at over R7 million represents a significant investment in the future of our youth and is expected to create new opportunities for quality education and community development in our Lephalale sphere of influence. Additionally this structural development, aimed towards

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. The group’s performance shows a continued resilience and flexibility to respond with agility to a volatile market. The company announced that it is still within its 2024 market guidance and maintains its R12 – R15 billion cash book and the board has approved an interim dividend of R7.96 per share. Exxaro’s Chief Executive Officer, Dr Nombasa Tsengwa said, “Our half year results demonstrate that our business performance continues to be resilient despite volatile markets locally and globally. Our Market-to-Resource optimisation strategy continues

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. At the heart of this collaboration is a mutual dedication to Environmental, Social, and Governance [(ESG)][1] principles. The MoU outlines the organisations’ joint efforts to align their company initiatives with the UN Sustainable

Press Release • 25 Mar 2021

EXXARO REAFFIRMS ITS COMMITMENT TO UPLIFTING AND DEVELOPING HOST COMMUNITIES

Exxaro hosted its Annual Financial Results Presentation for its 2020 financial year and to reaffirm its ongoing commitment to powering better lives in the communities the company operates in.“The community projects that we invest in address the current socio-economic challenges and offer solutions beyond the life of our mines for our communities to become independent and sustainable,” said Mzila Mthenjane, Executive Head of Stakeholder Affairs at Exxaro. While the world comes to grips with the COVID-19 pandemic, Exxaro has and will continue to proudly play its part in ensuring the well-being of its employees and community members. Exxaro’s continued dedication to uplifting

Press Release • 12 Mar 2021

EXXARO, TOGETHER WITH GIBS, IS OFFERING BUSINESSES THE OPPORTUNITY TO LEARN AND GROW THROUGH A PRESTIGIOUS TRAINING PROGRAMME.

Exxaro has partnered with Gordon Institute of Business Science (GIBS) to develop contractors in the mining value chain by offering this prestigious training programme. Applications are now open, click on this link to apply https://www.research.net/r/EXX... . The application process will close on Thursday 18 March 2021.Qualifying criteria for the training programme: Applicant must be a Black owned business with a 51%+ Black ownership, and must be an EME (i.e. latest annual turnover of less than R10 million) or QSE (i.e. latest annual turnover of less than R10 million)

Press Release • 09 Mar 2021

HARNESSING TECHNOLOGY & AUTOMATION IN A PANDEMIC TO HELP GROW ECONOMIES

The COVID-19 pandemic has given rise to a unique set of challenges within the mining industry and the rest of the world. Aspects of our daily lives, as well as the global economy, have all been forced to undergo significant changes to keep up with the pandemic. The opportunity presented to businesses by the pandemic, in many cases, has been the push needed to drive pace over perfection when it comes to technology testing and adoption. Exxaro’s migration from mechanised mining to automation began long before COVID-19; the pandemic has accelerated the pace of our digital transformation journey, but it’s something we have prioritised for a while. for a while. Our Belfast mine is digital and connected, using data science, automation, and connected

Press Release • 09 Mar 2021

REIGNITING MINING CAPITAL: ESG INVESTING IN A COVID-RECOVERY WORLD

The South African mining industry has rolled into 2021 with confidence and strength achieved during the previous year from commodity prices, which remain supported at high levels. This is despite the disruption on operations from lockdowns and protocol measures in response to the spread of the COVID-19 pandemic. Mining companies continue to weather the effects of a global economic downturn through prudent cost-cutting, capital rationing and returning cash to shareholders. However, there was also an impressive response from the industry to partner with government and other social players to address local and national challenges related to medical facilities and accessories as well as community well-being during the first wave

Press Release • 26 Feb 2021

LET’S GET REAL ABOUT GENDER EQUALITY

Since our democracy started in 1994, equality, diversity and inclusion have become important goals that we must all continue to work towards to ensure the growth and prosperity of our country. This isn’t only something for government to focus on - businesses have a critical role to play when it comes to realising inclusion and equality regardless of race and gender. Yet gender equality isn’t as high a priority as it should be in many industries. Through my work at Exxaro, I’ve seen just how much of a difference a company can make when it prioritises gender equality. By bridging this gap, companies and in turn, industries are not only recognising woman employees as equal members of the workforce, but they acknowledge and benefit from the valuable contribution that women

Press Release • 16 Feb 2021

EXXARO IS A PROUD SPONSOR OF THE 2021 WOMEN IN MINING CONFERENCE

Exxaro is proud to announce that the black-empowered mining company is a sponsor of the 2021 Women in Mining Conference. The company will be sponsoring and participating in the conference, with an anti-gender-based violence (GBV) workshop hosted on the third day of the conference. The Women in Mining event, taking place from 17 to 19 February, aims to empower women employed in the mining industry. The theme this year is, “Moving from the integration to the development of women in mining”. This is a cause that continues to be a priority for Exxaro as it strives to build a work culture that fosters diversity, inclusivity and development. Exxaro firmly believes that men and women are equal, and that no man or woman should face

Press Release • 10 Feb 2021

EXXARO LAUNCHES GROOTEGELUK COVID-19 COMMUNITY SUPPORT INITIATIVES

As our countAs our country continues to be greatly affected by the COVID-19 pandemic, Exxaro, one of South Africa’s largest black-empowered resource companies, has implemented community support initiatives to aid host communities in these difficult times. Exxaro’s Grootegeluk mine – situated in Lephalale, realised the untold loss and devastation caused by the pandemic, continues to support its community members. Ronaldt Mafoko, General Manager for Exxaro’s Grootegeluk Complex, explained why collaboration and support like this is key to effectively overcome COVID-19. “As the economic heartbeat for so manyry continues to be greatly affected by the COVID-19 pandemic, Exxaro,

Press Release • 25 Jan 2021

EXXARO RESOURCES AWARDED TOP EMPLOYER CERTIFICATION FOR 2021 FOR ITS INDUSTRY-LEADING PEOPLE DEVELOPMENT PRACTICES

The 2021 Top Employers have been announced and diversified resources company Exxaro, has been recognised as a Top Employer in South Africa. Being certified as a Top Employer reflects the mining organisation’s dedication to a better world of work, exhibiting this through excellent human resources policies and people practices. This is the second time Exxaro has received the honour, with its first Top Employer recognition in 2014. The Top Employers Institute programme certifies organisations based on the participation and results of their HR Best Practices Survey. This survey covers six HR domains consisting of 20 topics, including people

Press Release • 18 Jan 2021

MINING INDUSTRY COMMITTED TO SUPPORT NATIONAL COVID-19 VACCINE ROLL-OUT EFFORT

The COVID-19 pandemic has had a massive impact on the world and South Africa, and is not only a humanitarian crisis but has also sent significant economic shock waves through the global and local economies. There is no doubt that access to an effective vaccine and the significant roll-out of a vaccination programme (‘shots in arms’) is crucial in the fight against COVID-19, to help re-open the economy in order to save lives and save livelihoods. The Minerals Council South Africa is committed to supporting a national government-led rollout of an urgently applied and effective vaccine programme. This was agreed at a meeting of its Board on 11 January, where its members resolved to support the government-led national COVID-19 vaccine roll-out, in partnership

Press Release • 13 Jan 2021

Matla mine relocation

Relocating Following 42 years of operating at Matla Mine, Exxaro Resources’ executive decided to relocate the Mine 1 operation, which has been on care and maintenance since 2016, due to safety concerns. By Dineo Phoshoko The Matla Mine 1 relocation project is a capital project of Eskom at Exxaro’s Matla Mine, which involves the construction of a new decline shaft to gain access to the remaining economical two-seam coal reserves. The relocation project also includes plans to supply Mine 1 with five complete suites of underground continuous mining equipment and equipment used to construct supporting infrastructure, interseams between Mine 2 and Mine 3, and a ventilation shaft to supply fresh air to Mine 3’s future production areas. The project commenced in August 2020 and is expected to be completed during the second half of 2023.

Press Release • 13 Jan 2021

DISCOVER A SUSTAINABLE LOW-CARDON FUTURE

The Covid-19 pandemic has taken us back to a time where the world didn’t have poor air quality and greenhouse gases. By Mongezi Veti* As countries worldwide went into lockdown, a noticeable difference in our environment began to emerge. After many years, the Himalayas mountain range has become visible from kilometres away due to a reduction in air pollution. This has allowed us to look at what the future could hold if we all work towards a more sustainable future. While we have reached a good place in reducing our carbon footprint, this needs to be taken further to support climate action. We need to continue building on our current progress to support the transition into a low-carbon future while not losing momentum. With many people being forced to work from home and practise

Media and Insights

Latest Press Releases

Exxaro strengthens diversification, acquires portfolio of assets in Manganese

Exxaro’s Strategic Investment in Manganese Unlocks Growth and Local Opportunities

Exxaro and Eskom sign agreement to explore reducing carbon emissions, improving air quality and ensuring a just transition to a low-carbon economy

Exxaro delivers on guidance, achieving exceptional export performance, improves safety performance, and maintains superior shareholder returns

Appointment of Ben Magara as new chief executive officer of Exxaro

Exxaro’s 2024 Financial Results prove that sustainable impact is truly at the core of the business

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

Exxaro kicks of 2025 with investment in quality education with new classrooms and school hall at Nelsonskop Primary School in Lephalale, Limpopo

Exxaro Remains Resilient, With A Strong Balance Sheet Despite Volatile Markets

Exxaro, the Agricultural Research Commission (ARC), and the EKIM Wildlife Centre of Excellence Collaborate to Combat Climate Change