You are currently viewing our desktop site, do you want to download our app instead?
Moneyweb Android App Moneyweb iOS App Moneyweb Mobile Web App

NEW SENS search and JSE share prices

More about the app

Exxaro eyes South32’s coal assets, export quota – CEO

Exxaro’s CEO says the mining company is looking to increase its exports.
Exxaro Chief Executive Mxolisi Mgojo says they have expressed early interest in South32's assets. Picture: Moneyweb

South African miner Exxaro is interested in South32’s local coal assets, which include an export quota, as it looks to increase its exports, Exxaro’s chief executive said on Wednesday.

“We have expressed interest at this very early round in the South32 assets,” Chief Executive Mxolisi Mgojo told Reuters on the sidelines of the Joburg Indaba mining conference.

“Our primary objective is to get further exposure on the export side and the South32 assets also come with Richard Bay Coal Terminal (RBCT) entitlements,” he said.

South32 plans to dispose of its South Africa Energy Coal (SAEC) operations, consisting of four coal mining operations and processing plants in the coalfields of the Mpumalanga province.

“There has been a lot of interest, they are quality assets,” South32 chief operating officer Mike Fraser said, without giving detail on their value.

South32 has around 21% of the available export capacity at RBCT, Fraser said. 

COMMENTS   0

You must be signed in to comment.

SIGN IN SIGN UP

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

SEARCH COMPANIES
Enter company name or share code:

ECONOMIC DATA  

  CPIThe Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products Aug 2021 4.60%
  CPI ex OERThe Consumer Price Index excluding Owners’ Equivalent Rent (CPI ex OER) measures monthly changes in prices for a range of consumer products excluding Owners’ equivalent rent that measures changes in the cost of owner-occupied housing Aug 2021 5.20%
  RepoThe rate at which the Reserve Bank lends money to the country’s commercial banks and set by the Reserve Bank’s Monetary Policy Committee. Sep 2021 3.50%
  Prime lendingThe Prime Lending Rate is the rate of interest that commercial banks will charge their clients when issuing a loan (home loan or vehicle finance) Sep 2021 7.00%
INSIDER SUBSCRIPTIONS APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING PORTFOLIO TOOL CPD HUB

Follow us:

Search Articles:
Click a Company: