Latest Press Releases

Exxaro strengthens diversification, acquires portfolio of assets in Manganese

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.

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

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.

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

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

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

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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Appointment of Ben Magara as new chief executive officer of Exxaro

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

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

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

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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

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

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

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

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

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

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

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

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Exxaro celebrates its commitment to women empowerment by announcing its first female survey manager at its Matla Mine

Press Release • 24 Aug 2022

Exxaro celebrates its commitment to women empowerment by announcing its first female survey manager at its Matla Mine

Diversified mining group Exxaro Resources is committed to creating a sustainable and inclusive future where the advancement of women is at the core of the company’s strategy. This Women’s month, the mining and renewable energy solutions company celebrates the achievement of its Professionals in Training (PIT) programme graduate - Ennie Chitambo, who recently got appointed to be the company’s first female Survey Manager at Exxaro’s Matla mine. Exxaro’s Executive Head for Human Resources, Vanisha Balgobind expressed Chitambo’s achievement as a “significant reminder of the stride’s women have made in the workplace through sheer

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Rhino returns to Zinave National Park, Mozambique, after 40 years

Press Release • 05 Jul 2022

Rhino returns to Zinave National Park, Mozambique, after 40 years

The first 19 white rhinos have been successfully translocated from South Africa to Zinave National Park in Mozambique through the longest road-transfer of rhinos ever done. This landmark and pioneering rewilding initiative, the first in a series of white and black rhino translocations still to follow, is the result of a partnership between Mozambique’s National Administration for Conservation Areas (ANAC), Peace Parks Foundation and Exxaro Resources, in support of and in collaboration with the Governments of Mozambique and South Africa. The President of Mozambique, His Excellency, Filipe Nyusi today visited Zinave to celebrate the return of the species to the park in more than four decades. The rebuilding of a founder white and black rhino population will take place over the next few years as part of a national conservation

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Exxaro champions inclusive and innovative economic development in mining through youth empowerment

Press Release • 24 Jun 2022

Exxaro champions inclusive and innovative economic development in mining through youth empowerment

According to Statistics South Africa (StatsSA) - unemployment statistics have remained high at 34.5% in the first quarter of 2022 and youth unemployment statistics have reached a staggering 63.9%. To address this economic crisis, it is imperative that the public and private sectors collaborate to foster inclusive youth empowerment initiatives – taking into consideration the racialised nature of South Africa’s historical and prevailing systems of inequality. And with June being Youth Month in South Africa, this allows the country to not only commemorate the June 16, 1976, Soweto Uprisings, but it is also a reminder of the role the youth play in defining the economic

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Mining and the circular economy by Riaan Koppeschaar, Finance Director (Executive Head of Finance) at Exxaro Resources

Press Release • 20 Jun 2022

Mining and the circular economy by Riaan Koppeschaar, Finance Director (Executive Head of Finance) at Exxaro Resources

Scientists have asserted that the rise in temperatures due to global warming carries risks of increased flooding, wild fires, extreme weather, and destruction of natural species. Faced with these impending catastrophes, signatories of COP26 have pledged carbon neutrality by 2050 to reduce global temperatures to 1.5 degrees. As a signatory of COP26, South Africa created the Presidential Climate Commission to foster a pathway for a net-zero, climate resilient economy by 2050. On 18 February 2022, the government introduced the Climate Change Bill to enable effective climate change response and a long-term, Just Energy Transition to a low-carbon economy and society for South Africa.

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NERSA Approves Registration of Cennergi’s 80MW Lephalale Solar Project for Exxaro Resources’ Grootegeluk Mine

Press Release • 10 Jun 2022

NERSA Approves Registration of Cennergi’s 80MW Lephalale Solar Project for Exxaro Resources’ Grootegeluk Mine

Cennergi Holdings Ltd (Cennergi), a wholly-owned subsidiary of diversified mining and renewable energy company Exxaro Resources (Exxaro), has welcomed the registration of its 80MW Lephalale Solar Project (“LSP”) by the National Energy Regulator of South Africa (NERSA) and the Regulator Executive Committee earlier this week. LSP is the first phase of the decarbonisation of Exxaro’s flagship Grootegeluk mine at Lephalale in Limpopo province. The Managing Director of Energy at Exxaro & Cennergi, Roland Tatnall, expressed the company’s excitement at this milestone and its role in accelerating Exxaro’s target of carbon neutrality by 2050. The team worked incredibly hard to ensure LSP

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Exxaro takes action with unep for world environment day

Press Release • 07 Jun 2022

Exxaro takes action with unep for world environment day

To commemorate World Environment Day, the United Nations Environment Programme (UNEP) put in place an opportunity for influential companies such as Exxaro Resources, to share the steps they have taken to make a positive impact on the planet. This year’s theme – Only One Earth – has emphasised the importance of collaborating on a global scale towards transformative action to celebrate, restore and protect our planet. Exxaro Resources, as a leading diversified mining and renewable energy solutions company, has a commitment to protect the environment and communities in which it operates by powering better lives in Africa and beyond. There is a common misconception that the mining sector cannot coexist with environmental stewardship, but Exxaro has proven otherwise.

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Investing in the renewable energy journey now; 2050 is closer than we think…

Press Release • 03 Jun 2022

Investing in the renewable energy journey now; 2050 is closer than we think…

The United Nations’ (UN) Climate Action Plan 2050 provides guidance on all areas of action to achieve our global and domestic climate targets in line with the Paris Agreement. At Exxaro, it is evident that the time has come to scale decarbonisation if we are to induce the level of change needed in our business and, more broadly, our economy. We are incorporating sustainability agents that drive development and stabilise, restore or improve the environment into our strategies. For many years the world has understood the root cause of climate change: increased fossil fuel consumption and other activities associated with economic development driving rising greenhouse gas emissions. The rapid adoption of renewable energy is clearly critical

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Exxaro and Total Energies SA donate over R1 million to communities to fuel quality education

Press Release • 01 Jun 2022

Exxaro and Total Energies SA donate over R1 million to communities to fuel quality education

Exxaro Resources, the diversified mining and renewable energy solutions company in partnership with energy company Total Energies South Africa is proud to announce a donation of more than R930 000 to education programmes in Limpopo and Mpumalanga, supporting efforts to empower the local communities. Exxaro believes that sustainable communities are created through proactive engagement, deep understanding of societal needs, and best practices. Furthermore, we recognise the importance of partnerships, as it allows for resource optimisation, thus having a broader reach in our communities. When our fuel supplier, TotalEnergies South Africa, donated funds for socio-economic

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Exxaro Resources’ young changemakers chosen for UN SDGs Innovators Programme

Press Release • 18 May 2022

Exxaro Resources’ young changemakers chosen for UN SDGs Innovators Programme

Exxaro is pleased to announce that four of its brilliant young employees, Simone Naicker, Basetsana Malekele, Makolo Kanku and Muhammad Jassat have been selected to be part of the United Nations Global Compact’s prestigious Young Sustainable Development Goals (SGDs) Innovators Programme.The programme prides itself in cultivating the next generation of changemakers and Exxaro is exceptionally honoured that its young talent is getting an opportunity to benefit from the mentoring and capacity building that the Young SDGs Innovators Programme is known for. The objectives of the Programme align perfectly with Exxaro’s Growth and Impact Strategy, making our participation a no-brainer. We will hopefully be the first of many

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Exxaro Belfast Coal sets up organic food garden to help Phumulani Agri Village community generate income

Press Release • 11 May 2022

Exxaro Belfast Coal sets up organic food garden to help Phumulani Agri Village community generate income

To help sustain the resettled community of Phumulani Agri Village in rural Mpumalanga, Exxaro Resources’ Belfast mine initiated an organic food garden project, which aims to empower the community with Agri-skills development, maintaining social capital, and creating avenues for income generation. The primary objective of the project includes creating sustainable decent small scale agriculture related jobs. The project will receive funding of more than R1.6-million from Exxaro’s Belfast digital and connected mine. In 2020, Exxaro concluded the Belfast Resettlement programme in the Nkangala District Municipality. As part of the programme, Exxaro facilitated the relocation of 32 households

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Exxaro pioneers innovative, sustainable development at the 2022 mining indaba

Press Release • 09 May 2022

Exxaro pioneers innovative, sustainable development at the 2022 mining indaba

A prosperous future in the mining industry belongs to those who innovate and evolve when confronted with adversities - this is the wisdom and lessons our delegation will be taking to this year’s Investing in African Mining Indaba from 09 May to 12 May 2022 in Cape Town. We believe this conference is the perfect platform to lead discourse in evolving the mining industry’s business practices to align with the Sustainable Development Goals for the betterment of our economy and communities. Furthermore, we are making great strides towards reducing our carbon emissions by 2050 through our Sustainable Growth and Impact Strategy. Our investment in a sustainable future is through profitable business incorporation of low carbon materials

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Cennergi empowers AmaMfengu community with enterprise development and community upliftment projects

Press Release • 03 May 2022

Cennergi empowers AmaMfengu community with enterprise development and community upliftment projects

Tsitsikamma Wind Farm Trust (TWFT) hosted a ceremony on 20 April 2022 to hand over five key projects to the AmaMfengu community on behalf of the Tsitsikamma Community Wind Farm (TCWF) in Tsitsikamma, Eastern Cape as part of their drive to empower the local community. Cennergi (Pty) Ltd, a wholly owned subsidiary of Exxaro Resources, is the majority (75%) shareholder within the TCWF. Cennergi established [TWFT][2] to implement and manage socio-economic development and enterprise development projects to empower and improve the quality of life within local communities. However, the projects could not be handed over at the time of their completion due to COVID-19 lockdown

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