Latest News & Developments
Exxaro Resources announces the appointment of Ben Magara, former CEO of Lonmin, as its new chief executive officer, effective April 1.
Exxaro Resources faces headwinds as domestic coal demand decreases, though export volumes show promise. With new CEO Ben Magara set to take over in April, the mining giant reports a 22% decrease in EBITDA despite a 5% revenue increase. Rail logistics improvements remain sluggish, affecting overall performance
Exxaro Resources anticipates a significant decline in headline earnings per share due to lower iron ore prices and increased operational costs, as the company faces leadership changes and market challenges.