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Exxaro looks beyond coal, to expand into minerals

20 September 2021 7:07 PM
Tags:
Mining
The Money Show
Bruce Whitfield
Exxaro
Coal
coal miners
Copper
manganese
bauxite

Arabile Gumede interviews Riaan Koppeschaar, Finance Director at Exxaro.

Exxaro has a plan to diversify to manganese, copper, and bauxite as it works to limit its exposure to coal.

The company reckons its new minerals business could equal about half of its earnings from coal within a decade.

© arturnyk/123rf.com

Arabile Gumede (in for The Money Show’s Bruce Whitfield) interviewed Riaan Koppeschaar, Finance Director at Exxaro (scroll up to listen).

The coal business will still be very important… But as part of the transition, we’re looking at adding a second and third pillar to our business.

Riaan Koppeschaar, Finance Director - Exxaro

These three metals were chosen as a result of supply/demand dynamics and the Exxaro skillset…

Riaan Koppeschaar, Finance Director - Exxaro

We are already one of the largest renewable producers in South Africa…

Riaan Koppeschaar, Finance Director - Exxaro

This article first appeared on CapeTalk : Exxaro looks beyond coal, to expand into minerals




20 September 2021 7:07 PM
Tags:
Mining
The Money Show
Bruce Whitfield
Exxaro
Coal
coal miners
Copper
manganese
bauxite

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