Retrenched mine employees get 50% stake in Arnot on Workers' Day

2019-05-01 12:45

Mineral Resources Minister Gwede Mantashe has handed over a 50% shareholding in Arnot mine to retrenched employees, some three years after the mine was closed following Tegeta's successful bid to supply Eskom with coal.

Policy, political innuendo can make SA coal unattractive to investors – Exxaro exec

2019-02-10 19:45

Be aware of the policy environment and political innuendos which could make SA seem unattractive for investors in the coal industry, says the executive head of coal operations at Exxaro Resources.

#EskomInquiry: 6 questions Exxaro wants Eskom to answer

2018-02-16 15:03

Exxaro CEO Mxolisi Mgojo wants Eskom to clarify reasons why its contracts were not renewed, despite it having presented a good business case.

Exxaro CEO slams idea of Eskom's prepayment agreements

2018-02-14 20:02

Exxaro CEO Mxolisi Mgojo pokes holes in testimony by former Eskom CFO Anoj Singh and head of generation Matshela Koko related to prepayment agreements for coal.

Exxaro BEE battle

2017-10-15 06:00

A faction in one of the mining firm’s investor groups is taking legal action, citing misuse of dividends, on the eve of its historic payout.

Exxaro triples dividends on the back of sturdy coal sales

2017-08-17 11:19

Mining company Exxaro says it tripled its interim dividends from 90c to R3 for the six months to end-June, despite South Africa's challenging mining environment.

Earthlife wins first case against coal power

2017-03-12 06:02

Environmentalists believe they have struck a major blow to the future of coal-powered stations, following their win in the first climate change case in the High Court in Pretoria this week.

Eskom at loggerheads with coal mine companies

2017-01-24 20:25

Eskom interim CEO Matshela Koko said that the power utility is entitled to make decisions about its assets at coal mines owned by Exxaro and Anglo American.

ANCYL wants 60% black ownership for all firms doing state business

2017-01-06 19:05

It must be compulsory for any company doing business with government and state-owned entities to have 60% black ownership, the ANCYL urges.

Exxaro shows Eskom finger with new BEE plan - Koko

2017-01-03 11:40

Acting Eskom CEO Matshela Koko has accused coal miner Exxaro of having “no decency” after shareholders voted to reduce black ownership from 50% to 30%.


Exxaro to cut ties with Group Five; 740 contract workers at risk

2019-03-22 08:22

Exxaro has said that the construction of a new small coal plant at its Grootegeluk mine in Limpopo would be delayed after it terminated its agreement with Group Five Projects, a subsidiary of Group Five Construction.

Exxaro, Seriti said to mull bids for South32 coal assets

2018-09-11 21:10

Exxaro Resources and Seriti Resources are among groups considering bidding for South32’s South African thermal coal operations, valued at almost R12bn, according to people familiar with the matter.

Brown's spokesperson responds to Exxaro claims on R1.8bn capital injection

2018-02-15 20:49

Minister Lynne Brown’s spokesperson, Colin Cruywagen, has responded to claims Exxaro CEO Mxolisi Mgojo made in his testimony at the Eskom inquiry related to a R1.8bn capital injection Brown refused the company.

Making money on the JSE: Five of the best

2017-11-21 06:00

Despite a tough economic environment, it is still possible to make considerable returns on the JSE. Werner Erasmus and Brett Birkenstock discuss five winning shares.

Tegeta clinched Eskom contract despite low quality coal

2017-09-27 20:12

The state power utility awarded an 11-year coal supply contract to former Gupta-owned mining firm Tegeta, despite it not meeting coal specification standards.

Exxaro says BEE deal is ‘appropriate’ amid Mining Charter uncertainty

2017-06-26 08:38

Exxaro believes its new black economic empowerment restructure will be “appropriate” amid increased uncertainty over the new Mining Charter.

Sustainable empowerment

2017-02-12 06:30

Exxaro CEO Mxolisi Mgojo encourages miners to engage in the transformation of black economic ownership in the country

Eskom must take tough stance against Exxaro - NUM

2017-01-16 18:32

The National Union of Mineworkers has expressed its dismay at the move by Exxaro to transform itself from a black-owned company to a black-empowered one.

EFF backs Eskom in black ownership clash with Exxaro

2017-01-06 11:00

Eskom has found a new ally in EFF spokesperson Mbuyiseni Ndlozi, who backs the power utility in its concern over the coal miner’s new ownership structure.

Eskom questions Exxaro’s reduced BEE shareholding

2016-12-05 12:42

Mining company Exxaro’s plan to cut its black ownership to about 30% has sparked questions from state-owned electricity producer Eskom.

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