BizNis Africa
Latest News
ICT – trigger for Africa’s fourth industrial revolution
Mobile technology presents Africa with an unsurpassed opportunity to...
Mobilitas-AGS launches ZAR260 million logistics platform in Africa
The Mobilitas-AGS group’s new multimodal logistics platform in Gauteng...
Black Business Council terminates partnership with Business Unity South Africa
The Black Business Council wishes to announce the termination...
Nokia to drive a youth-centred information society in Africa
While technology is the foundation of innovation, technology alone...
How to make Africa work – former Nigerian President Olusegun Obasanjo speaks
Effectual leadership and governance are fundamental to grow the...
Merck expands eHealth meet-up series to Tunisia
Merck, a science and technology company, today, 23 May...
Peggy-Sue Khumalo: Top 6 entrepreneurship business advice
Few people are better positioned to share valuable insight...
Top 5 tips for buying professional indemnity insurance
Any professional who offers advice or a delivers a...
7th All Africa Business Leaders Awards calls for nominations
With nominations closing on 31 May 2017, the 7th All...
Top Executives in Africa still opt for MBA programme
Top African leaders outside of South Africa overwhelmingly still...

Mxolisi Mgojo, Exxaro Chief Executive Officer

Submit Press release

Fill in the form and we will deliver the car for you to test drive.

South African miner Exxaro announced a rise in annual profits on 9 March 2017, due to a rise in coal prices.

The headline earnings per share jumped to 1.302 South African cents last year from 457 cents in 2015.

In addition, Exxaro announced it was selling its 44 percent stake in US listed inorganic minerals and chemicals firm Tronox, worth nearly $900 million, leaving it to focus on its core mining business.

“Supportive market conditions are expected in 2017 for most of Exxaro’s chosen coal market segments compared to 2016, both domestically and internationally,” says Mxolisi Mgojo, Exxaro Chief Executive Officer.

After half a decade of decline, thermal coal prices have risen by two thirds since the beginning of last year, driven by a sharp cut in Chinese production and strong demand.

Exxaro produces thermal, semi-soft coking and metallurgical coal for export and for domestic consumption with some of its mines tied to power stations owned by South African national power utility Eskom.

 

Leave a Reply

Ver peliculas online

Fill in your details below and we will secure you a free test drive, delivered to you.

Fill in your details below and we will secure you a free test drive, delivered to you.

%d bloggers like this: