logo
#

Latest news with #Exxaro

Exxaro Tiles sets up captive 5MW solar plant to meet sustainability goals, cut energy costs
Exxaro Tiles sets up captive 5MW solar plant to meet sustainability goals, cut energy costs

Time of India

time2 days ago

  • Business
  • Time of India

Exxaro Tiles sets up captive 5MW solar plant to meet sustainability goals, cut energy costs

Exxaro Tiles, based in Gujarat, has established a 5MW DC captive solar power project at its Talod manufacturing plant. This initiative aligns with global sustainability objectives and is projected to cut energy expenses by 30%, resulting in yearly savings of Rs 5.67 crore. The company manufactures vitrified and glazed tiles and exports to over 15 countries. Tired of too many ads? Remove Ads Gujarat-based Exxaro Tiles on Tuesday said it has set up a captive 5MW DC solar power project at its Talod manufacturing facility in Sabarkantha district to align operations with global sustainability goals With this, the company expects a 30 per cent reduction in energy costs at the facility, translating into total estimated annual savings of Rs 5.67 crore, Exxaro said in a statement."The solar project is a major step in aligning our business operations with global sustainability goals. It not only strengthens our cost-efficiency but also demonstrates our commitment to clean energy and environmental responsibility," Exxaro Tiles Managing Director Mukeshkumar B Patel Tiles manufactures vitrified and glazed tiles and has two plants in Gujarat with a combined annual production capacity of 132 lakh square company has a pan-India presence and also exports its products to more than 15 countries, including the US and Canada.

Exxaro Resources faces challenges from rail disruptions and coal demand decline
Exxaro Resources faces challenges from rail disruptions and coal demand decline

IOL News

time2 days ago

  • Business
  • IOL News

Exxaro Resources faces challenges from rail disruptions and coal demand decline

Exxaro has forecast further declines in the international coal price for the second half of its financial year to December 31, 2025, due to global trade tensions, higher Indian coal production, higher gas and nuclear power output in Japan, Korea, and Taiwan, and sluggish Chinese offtake. Image: Supplied Exxaro Resources' immediate challenges includes South Africa's rail infrastructure, a decrease in coal demand from Eskom as well as the uncertainty created by the impending expiry of a 90-day import tariff reprieve granted by the US. Trade regulatory uncertainty has moderated since April, positively impacting financial and commodity markets. Equity indices, crude oil prices, and the US dollar rebounded, said Riaan Koppeschaar, CFO of the coal, iron ore mining, and renewable energy group, in a pre-close statement released on Monday. However. the 90-day reprieve on increased US import tariffs on South African goods is set to expire on July 9, 2025. During this period, South African exports to the US are subject to a 10% tariff instead of the previously announced 30%. Koppeschaar noted that while South Africa's real GDP began the year slowly, with a 0.1% quarter-on-quarter expansion, there is optimism that economic activity will improve in 2025, despite the uncertain trade outlook. Transnet Freight Rail (TFR) continues to experience disruptions, including cable theft, power failures, locomotive and wagon shortages, and deteriorating infrastructure. A rail wash-away in the first half of the year affected Grootegeluk, while a derailment further impacted throughput. 'Despite these challenges, the Richards Bay Coal Terminal volumes improved to 54.45 million tons per annum (Mtpa) for 2024, up from 52 Mtpa. Rail execution remains volatile but has shown improvement, particularly in the Mpumalanga region,' the group stated. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Eskom sales by Exxaro are expected to decrease by 15%, in line with Eskom's maintenance schedules. Koppeschaar indicated that for the six months ending June 30, the average benchmark API4 Richards Bay Coal Terminal (RBCT) export price is expected to average $91 per ton, compared to $110 per ton for the second half of 2024. Iron ore fines prices are projected to average $100 per dry metric ton, slightly down from $101 per dry metric ton in the second half of the previous year. Exxaro's total coal product and sales volumes are forecast to decline by 6%ay. and 7% in the first half, respectively, primarily due to reduced demand from Eskom. Coal capital expenditure is expected to be 19% lower, in line with capital replacement plans at Grootegeluk and Belfast. Cennergi's wind assets are forecast to generate 335 GWh of electricity by June 30, 2025, down from 339 GWh at the end of the first half in 2024, and 386 GWh in the six months to the end of 2024. Construction of the 68 MW Lephalale Solar PV Project at Grootegeluk is underway. As of May 31, the group held R19.5bn in cash, excluding R5.8bn in debt in the energy business. On May 13, Exxaro announced the acquisition of manganese assets from Ntsimbintle Holdings and OMH (Mauritius) Corporation, for between R9bn and R14.64bn. The transaction is expected to close in early 2026. Thermal coal production is anticipated to decline by 4%, in line with Eskom's reduced demand at Grootegeluk. Metallurgical coal production is forecast to fall 24% due to above-normal rainfall and associated logistical disruptions. Tied mine production at Matla is expected to increase 18% mainly due to the early ramp-up of Mine 1. Seaborne thermal coal prices are under pressure due to weak demand, exacerbated by lower natural gas prices, ongoing Russia-Ukraine peace negotiations, and broader concerns over new tariffs. By the end of the first half, the spot API4 price traded at around $90 per ton. In the iron ore market, prices are being weighed down by tariffs on China's steel exports to the US, discussions on China's 2025 steel production limits, and broader US-China trade tensions. On the weaker coal markets, the group noted that Indian domestic steel producers are facing competition from cheaper imported steel, dampening demand for South African coal. Meanwhile, Indian coal production has increased, largely supporting the power generation sector. Higher gas and nuclear power output in Japan, Korea, and Taiwan further reduced coal demand. This decline caused Australian prices to fall to a four-year low of $90 per ton, further aggravated by sluggish Chinese offtake. The API4 index fell below US$90 per ton in the first half of 2025—a level not seen since the early days of the Russia-Ukraine war. Domestic thermal coal sales are expected to increase by 23%, driven by the redirection of export volumes to the local market and higher demand for other thermal coal products, mainly at Belfast and Leeuwpan. Metallurgical coal sales are forecast to decline by 26% due to rail disruptions in the first half, caused by severe rainfall. Export volumes are expected to decrease by 10% due to rail disruptions caused by severe rainfall and a derailment in the first half. Visit:

Exxaro and Emalahleni Municipality unite to celebrate International Albinism Awareness Day 2025
Exxaro and Emalahleni Municipality unite to celebrate International Albinism Awareness Day 2025

The Citizen

time22-06-2025

  • Health
  • The Citizen

Exxaro and Emalahleni Municipality unite to celebrate International Albinism Awareness Day 2025

Exxaro Resources, in partnership with the Emalahleni Local Municipality's Transversal Unit, commemorated International Albinism Awareness Day 2025 with a special outreach programme held at the Emalahleni Local Municipality council chamber. This year's global theme, 'Demanding our Rights: Protect our Skin, Preserve our Lives,' set the tone for a meaningful day of advocacy and support. The event on June 13, brought together Exxaro staff, municipal officials, and eMalahleni residents living with albinism, highlighting the importance of inclusion and community care. Essential health items such as sunscreen lotions, lip balms, and sun-protective hats were distributed to participants, items that are not only practical but vital to their health and safety. 'Albinism is beautiful, let's spread awareness,' was the uplifting message that echoed throughout the chamber, reinforcing the purpose of the day: Dignity, safety, and visibility for those living with albinism. Breaking news at your fingertips … Follow WITBANK NEWS our website, Facebook, Twitter, Instagram or TikTok Chat to us: info@ At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!

Exxaro accelerates diversification with strategic manganese acquisition
Exxaro accelerates diversification with strategic manganese acquisition

TimesLIVE

time19-05-2025

  • Business
  • TimesLIVE

Exxaro accelerates diversification with strategic manganese acquisition

Exxaro Resources announces its entry into the manganese sector with the acquisition of a portfolio of assets in SA's world-class Kalahari Manganese Field. The company entered into binding agreements to acquire a portfolio of manganese assets from Ntsimbintle Holdings and OM Holdings. These include interests in Tshipi Borwa, Mokala and Hotazel manganese mines. The R11.67bn transaction marks a strategic expansion into transition minerals essential for steel and renewable technologies. This bold step aligns with Exxaro's strategy to diversify into transition minerals and energy solutions while remaining anchored in its coal base. The acquisition enhances Exxaro's operational footprint, unlocks long-life resources, and supports SA's just energy transition — reinforcing Exxaro's role as a purpose-driven leader in the mining sector.

Exxaro Resources acquires manganese assets for R11. 67 billion in South Africa
Exxaro Resources acquires manganese assets for R11. 67 billion in South Africa

IOL News

time14-05-2025

  • Business
  • IOL News

Exxaro Resources acquires manganese assets for R11. 67 billion in South Africa

JSE-listed Exxaro Resources has announced its agreement to acquire manganese assets in South Africa for R11.67 billion The deal includes key assets within the Kalahari Manganese Field and will provide Exxaro with stakes in several operating manganese mines, including Tshipi Borwa, Mokala, and Hotazel manganese mines. JSE-listed Exxaro Resources has announced its agreement to acquire manganese assets in South Africa for R11.67 billion. In a statement issued to the media on Tuesday, the Eskom coal supplier said the acquisition enhances its commodity diversity and strengthens its position with long-life assets. Ben Magara, CEO of Exxaro, said the acquisition provides Exxaro with a strong entry point into the manganese sector. "This acquisition provides Exxaro with a strong entry point into the manganese sector. Manganese is essential to steelmaking and has a growing market in the battery and renewable technology supply chains." Magara said. "The acquisition will see us deploy our operational and commercial expertise in bulk commodities, logistics, and deep knowledge of the South African mining landscape, including the regulatory environment, to unlock sustained growth and stakeholder value in the Kalahari Manganese Field.' The company added that the acquisition was also part of its natural strategic commitment to building a sustainable, future-fit portfolio.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store