Richards Bay coal terminal to stop issuing data

2014-10-23 14:30

Richards Bay Coal Terminal has decided to not release operational updates detailing shipments of coal, because it is competitive information, the company CEO says.


Exxaro boss Sipho Nkosi tells Fin24 the group is confident about Medupi's unit six coming on line in December as it announced an 11% rise in first-half earnings.

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Job cuts loom as Exxaro mulls closure

2013-08-08 18:42

Coal miner Exxaro Resources says it is considering shutting down its money-losing New Clydesdale Colliery, putting more than 400 jobs on the line.

Mining sector rescue talks commence

2013-06-14 11:15

Mining houses and trade union top officials have arrived for a meeting with Deputy President Kgalema Motlanthe in a bid to resolve problems facing the sector.

Exxaro to mine iron ore in Congo

2013-04-11 08:04

Exxaro Resources expects to start mining iron ore in the Republic of Congo this year, with an eye to producing up to 11 million tons a year, the miner says.

Rand on firmer ground

2013-03-25 09:03

The rand is on a slightly firmer footing against the dollar, buoyed by weekend news that a strike at mining firm Exxaro has been resolved.

Workers reject Exxaro pay offer

2013-03-19 11:12

Diversified miner Exxaro Resources says striking workers at five of its collieries have refused a one-off offer of R2 000 to get them to return to work.

Exxaro forecasts lower profit

2013-02-22 14:44

Diversified miner Exxaro Resources says it expects full-year earnings to drop by as much as 41%, worse than market expectations.

Exxaro ups profit on higher prices

2012-02-23 08:01

Diversified miner Exxaro has reported a 40% rise in full-year profit, boosted by strong demand and higher prices for the majority of its commodities.

Exxaro launches $349m bid for African Iron

2012-01-11 08:26

Exxaro Resources has made a bid worth up to $349m for African Iron, chasing the Australian-listed company's Mayoko iron ore project in the Republic of Congo.

Coal prices stoke Exxaro profit

2011-08-18 08:04

Diversified resources group Exxaro has posted a 53% jump in interim earnings as it capitalised on the market recovery for coal.

Exxaro to close refinery

2011-07-29 13:41

Exxaro says it will stop operations at its Zincor refinery after it failed to sell the plant.

Gold strike bites as fuel dispute ends

2011-07-28 17:24

Workers in the gold sector began industrial action as a fuel sector strike which had paralysed inland petrol deliveries ended after two weeks.

Unions threaten coal sector strike

2011-07-07 13:42

A dispute over wage increases could see the crucial coal sector grind to a halt if unions embark on industrial action.

How to build a R1m portfolio

2011-06-26 11:14

A market analyst reveals his investment strategy for a R1m windfall.

Roll out the hoses

2011-06-23 00:00

Exxaro is fighting fires like that red-helmeted fireman besieged by pyromaniacs. Problem is the fire bugs are coming from different angles: a threatened strike due to start earlier last week and a competing offer for an Australian iron ore producer.

Cheating death down below

2011-01-10 14:41

Shane Thompson, founder of Ilips, talks about SA's only locally-owned supplier and installer of underground communications equipment.

Exxaro earnings up 68%

2010-08-12 08:21

Despite the impact of a strong rand, diversified miner Exxaro has reported a jump in interim profits and expects a better second half.


Exxaro managing costs well - CEO

2014-08-21 18:12

Exxaro is on firm ground to make great strides in the mining industry because it manages costs diligently, says boss Sipho Nkosi.

Exxaro Resources earnings up

2014-08-21 09:22

Diversified resources group Exxaro has reported a rise in first-half earnings on as it lifted coal exports on the back of a weaker rand.

Motlanthe upbeat on mine rescue talks

2013-06-14 13:20

Deputy President Kgalema Motlanthe says the government, mining houses and trade unions will leave no stone unturned in their bid to resolve problem issues.

Africa urged to make better China deals

2013-04-12 22:00

For more than a decade Africa has rolled out the red carpet for Chinese investors, but the continent is urged to hammer out better deals at the bargaining table.

Striking Exxaro miners back at work

2013-03-25 14:39

All striking miners at five collieries and a char plant owned by Exxaro Resources have returned to work, with full production likely to resume soon.

Exxaro falls after profit warning

2012-11-30 11:42

Shares of Exxaro fell more than 2% after the diversified mining firm said full-year headline earnings per share are expected to fall by at least 20%.

KZN approves controversial dune mine

2012-07-20 09:37

The KwaZulu-Natal environmental affairs department has approved a controversial project to mining firm Exxaro KZN Sands reportedly worth about R2.4bn.

Tata Power in JV with Exxaro

2012-03-05 09:49

India's Tata Power has formed an equal joint venture with Exxaro Resources to develop and operate power generation projects in South Africa.

Exxaro sells stake in Namibian mine

2011-12-15 10:13

SA miner Exxaro has sold its 50% stake in the Rosh Pinah zinc and lead mine in Namibia to commodities trader Glencore for an undisclosed amount.

Wage deal ends coal strike

2011-08-01 15:27

Work stoppages in the coal sector are to end after a wage deal was agreed, but a gold industry strike remains in force as talks continue.

Gold industry to meet as strike starts

2011-07-29 08:46

Gold mine workers and the major producers are due to meet for wage talks, in a bid to end a strike that could halt daily output worth up to $25m.

New strike threatens power supply

2011-07-20 22:23

While fuel firms hope a disrupting strike may end soon, new industrial action in the coal sector may hit electricity production.

Coal sector talks to continue next week

2011-07-11 10:02

Wage negotiations in the coal sector will continue at the Commission for Conciliation, Mediation and Arbitration next week, says the National Union of Mineworkers.

Strike to hit coal sector

2011-07-06 21:31

More than 250 000 workers in the coal industry look set to down tools.

Exxaro will not up Territory offer

2011-06-23 09:15

Miner Exxaro says it won't increase its offer for Australia-listed Territory Resources after its bid was trumped by another offer.

Num rejects 4% wage hike offer

2011-06-20 18:59

The National Union of Mineworkers, which has demanded a 14% wage increase, has turned down a 4% offer from the Chamber of Mines.

Exxaro eyes iron ore investment

2010-11-19 12:03

Mining group Exxaro says it aims to diversify from coal and wants to add iron ore to its portfolio.

RBCT workers end wage strike

2010-07-21 11:23

Some striking workers at the Richards Bay Coal Terminal have resumed work after accepting a 9.5% wage rise offer, according to a company official.

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