Latest Press Releases
Press Release • 25 Aug 2025
Exxaro and Transnet Freight Rail sign service agreement
Exxaro Resources Limited (Exxaro) and Transnet SOC Ltd (Transnet), acting through its Operating Division, Transnet Freight Rail (TFR), are pleased to announce that they have entered into a formal service agreement regarding performance in terms of the existing Long-Term Agreement between the parties. The agreement reached between Exxaro and Transnet is in the best interest of Transnet, Exxaro and South Africa. In terms of this agreement, Transnet and Exxaro will collaborate to improve the performance of its logistics channels, including to contribute to Exxaro’s Leeuwpan mine turnaround plan announced recently.
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Press Release • 21 Aug 2025
Exxaro delivers a resilient 2025 half year performance driven by a focus on safety, Market-to-Resource optimisation strategy, proactive marketing and logistics, and decisive strategy execution.
Exxaro Resources Limited (Exxaro) delivers a robust interim performance, underpinned by operational efficiency and marketing excellence, despite persistent global and domestic headwinds. The group reported an increase in revenue of 8% to R20.6 billion for the six-month period ended 30 June 2025 compared to R19 billion for the six-month period ended 30 June 2024 (1H24).
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Press Release • 20 Aug 2025
Exxaro group management structure changes
Exxaro Resources Limited (Exxaro) is pleased to announce changes to its Group Management Structure, in order to reposition an organisation that is fit for the future and a structure that incorporates its growing diversified portfolio, to stabilise the business, enhance agility and collaboration, and enable more responsive decision making as it accelerates the execution of Exxaro’s Sustainable Growth and Impact Strategy. These changes ensure that Exxaro’s leadership team is aligned to exploit opportunities across coal, energy, and transitional metals, while driving capital discipline and operational efficiency.
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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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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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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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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
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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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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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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