Edition:
United States

Exxaro Resources Ltd (EXXJ.J)

EXXJ.J on Johannesburg Stock Exchange

11,913.00ZAc
6:37am EDT
Change (% chg)

7.00 (+0.06%)
Prev Close
11,906.00
Open
11,950.00
Day's High
12,034.00
Day's Low
11,854.00
Volume
453,469
Avg. Vol
1,644,925
52-wk High
13,279.00
52-wk Low
7,501.00

Latest Key Developments (Source: Significant Developments)

South Africa's NUM to embark on a strike at Exxaro Coal​
Wednesday, 13 Sep 2017 05:38am EDT 

Sept 13 (Reuters) - South Africa's National Union of Mineworkers::SOUTH AFRICA'S NUM - ‍NUM TO EMBARK ON A STRIKE AT EXXARO COAL​.SOUTH AFRICA'S NUM- ‍HAS SERVED EXXARO COAL WITH A NOTICE TO EMBARK ON A PROTECTED STRIKE AT LEPHALALE IN LIMPOPO AND DELMAS IN MPUMALANGA​.S.AFRICA NUM - ‍SERVED EXXARO WITH A 48-HOUR STRIKE NOTICE THAT BECAME ACTIVE FROM 12TH SEPTEMBER 2017. STRIKE WILL START SEPT 14TH MORNING AT 6 AM​.S.AFRICA'S NUM - SUBMITTED WAGE DEMANDS ON 13 APRIL AND ENGAGED WITH COMPANY THROUGH CONCILIATION BY CCMA WHEREBY PARTIES FAILED TO RESOLVE WAGE DISPUTE.SOUTH AFRICA'S NUM- ‍UNION DEMANDS A WAGE INCREASE OF 10%, SERVICE INCREMENT OF 0.5%.S.AFRICA'S NUM - ‍UNION DEMANDS STANDBY ALLOWANCE OF 10%, FAMILY RESPONSIBILITY LEAVE OF 8 DAYS, LONG SERVICE AWARD OF 15 YEARS WITH ONE KRUGER RAND​.  Full Article

Exxaro says revenue for six months to June up 10 pct
Thursday, 17 Aug 2017 01:05am EDT 

Aug 17 (Reuters) - Exxaro Resources Ltd ::EXXARO RESOURCES LTD - H1 REVENUE 10.736 BILLION RAND VERSUS 9.76 BILLION RAND A YEAR AGO.EXXARO RESOURCES LTD - H1 PROFIT BEFORE TAX 3.584 BILLION RAND VERSUS 1.86 BILLION RAND A YEAR AGO.HY HEPS OF 822 CENTS, UP 185 pct.EXXARO RESOURCES LTD - HY HEADLINE EARNINGS WERE 154 pct HIGHER AT R2 787 MILLION OR 882 CENTS PER SHARE.EXXARO RESOURCES LTD - EXXARO EXPECTS THAT 2H17 DOMESTIC THERMAL VOLUMES WILL REMAIN AT CURRENT LEVELS.HY AEPS OF 852 CENTS, UP 135 pct.INTERIM DIVIDEND OF 300 CENTS PER SHARE, UP 210 CENTS PER SHARE.EXXARO RESOURCES-PERFORMANCE OF INVESTMENT PORTFOLIO EXPECTED TO BE POSITIVELY INFLUENCED BY FAVOURABLE MARKET CONDITIONS, TO CONTINUE INTO 2H17.EXXARO RESOURCES LTD - EXXARO HAS A "POSITIVE" OUTLOOK FOR COAL BUSINESS IN 2H17.EXXARO RESOURCES - 2017 VOLUMES IN METALS MARKETS TO REDUCE BASED ON EXPECTED LOWER OFFTAKE FROM ARCELORMITTAL; EXPECTED TO PERSIST UNTIL 2Q18 .  Full Article

Exxaro Resources sees higher HY profit on coal business strenght
Friday, 11 Aug 2017 03:56am EDT 

Aug 11 (Reuters) - Exxaro Resources Ltd :ATTRIBUTABLE EARNINGS FOR SIX-MONTH PERIOD ENDED 30 JUNE 2017 ARE EXPECTED TO BE BETWEEN R2 450 MILLION AND R2 880 MILLION.FOR SIX MONTHS TO JUNE 30, HEPS ARE EXPECTED TO BE BETWEEN 795 CENTS PER SHARE AND 925 CENTS PER SHARE COMPARED TO 309 CENTS PER SHARE.ATTRIBUTABLE EPS EXPECTED TO BE BETWEEN 775 CENTS PER SHARE-912 CENTS PER SHARE IN SIX MONTHS ENDED JUNE 30.  Full Article

Exxaro updates BEE transaction
Monday, 26 Jun 2017 01:06am EDT 

June 26 (Reuters) - Exxaro Resources Ltd :Update on unwind of Exxaro's existing BEE transaction, terms of replacement BEE transaction.Exxaro, MS333, Industrial Development Corporation and two special purpose vehicles entered into agreements.A framework agreement setting out framework within which MS333 unwind and consequential implementation of replacement bee transaction will take place.Entered into a relationship agreement detailing terms and restrictions of replacement bee transaction over transaction term.  Full Article

Exxaro sees 21 pct rise is H1 coal capex, reviewing portfolio
Monday, 26 Jun 2017 01:05am EDT 

June 26 (Reuters) - Exxaro Resources Ltd :Recorded a year-to-date lost-time injury frequency rate (LTIFR) of 0,19 compared to 0,09 reported in FY16.Towards end of 2H16 and beginning of 1H17 persistent strength in commodity prices and a strong usd were recorded.Commodity price correction became evident during 1H17 from highs recorded towards end of 2H16.Coal business continued to be resilient with a slight increase of 4,7 pct in production volumes forecast.Expect coal capex to increase by 21 pct, mainly due to timing of expansion capex at Grootegeluk and Belfast.Expenditure for FYE17 is expected to be 10 pct lower than guidance provided in March 2017, mainly because of timing of sustaining capex.Good progress has been made finalising replacement bee transaction and and expects to make an announcement soon.Exxaro - reviewed coal portfolio as part of our optimisation programme, with specific focus on closure and/or divesting from assets that do not meet our expected value.Exxaro envisages commencing with this process in 4Q17.Expect an improvement in operational results of coal business for 2H17.Group's interests in Black Mountain Mining Proprietary Limited and Chifeng Refinery remain non-core and exxaro intends to divest from these investments.  Full Article

Exxaro Resources Ltd reports FY HEPS of R13,02 per share
Thursday, 9 Mar 2017 12:05am EST 

Exxaro Resources Ltd : Final dividend of 410 cents per share . FY heps of R13,02 per share . FY consolidated group revenue increased by 14% to R20 897 million . Says supportive market conditions are expected in 2017 for most of exxaro's chosen coal market segments compared to 2016 .Expects improvement in operational results of coal business in 2017.  Full Article

Exxaro Resources to begin to monetise its stake in Tronox to focus on core activities
Wednesday, 8 Mar 2017 09:00am EST 

Exxaro Resources : Exxaro announces intention to begin a path to monetise its stake in Tronox in order to focus on core activities . Will explore available alternatives to monetise its stake in Tronox in staged process over time . Exxaro intends to apply proceeds from any future sales to, amongst others, Exxaro's core operations and to fund capital commitments . Tronox has announced a definitive agreement to acquire titanium dioxide business of cristal for usd $1.673 billion of cash and stock . As Tronox's largest shareholder, Exxaro intends to vote its shares in favour of proposed transaction . Upon implementation of proposed transaction, Exxaro's 44% stake would be diluted to approximately 33% . Deal expected to proceed in stages over time in an efficient and organised manner and would likely not begin until second half of 2017 .J.P. Morgan is acting as exclusive financial advisor to Exxaro with respect to tronox and cristal transaction.  Full Article

Exxaro Resources sees FY HEPS 1,173 cents-1,365 cents
Thursday, 2 Mar 2017 03:03am EST 

Exxaro Resources Limited : Trading statement for the year ended Dec. 31, 2016 .FY HEPS expected to be between 1,173 cents - 1,365 cents per share versus 457 cents per share reported in 2015.  Full Article

Exxaro says Anglo South Africa Capital disposes stake in co
Monday, 5 Dec 2016 09:12am EST 

Exxaro Resources Ltd :Anglo South Africa Capital Proprietary Limited has disposed of their entire direct shareholding in company.  Full Article

Anglo American raises about 3 bln rand from sale of Exxaro stake
Thursday, 1 Dec 2016 01:30am EST 

Anglo American Plc : Anglo American has agreed to sell its c.35 million ordinary shares, representing a 9.7 pct interest at a price of 87 rand per share . Main Street 333 Proprietary has agreed to sell approximately 17 million ordinary shares .Sale of Anglo American's shares raised gross proceeds of about 3 billion rand as sale price represented 10 percent discount to Nov. 30 close.  Full Article