mayoko iron ore project

Exxaro concludes disposal of Mayoko Iron Ore Project

Diversified South African-based resources group Exxaro Resources Limited has concluded the sale of its Mayoko Iron Ore Project, located in the Republic of the Congo to SAPRO SA; a consortium of local businesses. After a number of expressions of...

Exxaro’s full year earnings fall 6%

Coal producer Exxaro has said this morning its adjusted full-year earnings fell 6% due to an impairment charge of R5.8bn related to an iron ore project in the Congo Republic. Watered down headline earnings per share totalled 1 368 cents in the year...

Exxaro confident despite 33% earnings loss

Diversified miner Exxaro has posted a 33% drop in full-year earnings for its 2012 financial year resulting from rising operational costs, lower export prices and lower volumes writes Reggie Sikhakhane. “I have been at Exxaro for six years and...