Coal Miner Exxaro to Acquire Manganese Assets for $640 Million

Coal Miner Exxaro to Acquire Manganese Assets for $640 Million

Exxaro Resources Ltd., South Africa’s biggest coal miner, has agreed to acquire the nation’s largest manganese mines for about 11.67 billion rand ($640 million).

The South African group Exxaro Resources, specializing in natural resources, announces that it has concluded an agreement for the purchase of manganese assets in South Africa for a value of R11.67 billion (more than $640 million). This acquisition is part of a strategy of diversification towards the strategic minerals of the energy transition,...

Exxaro strengthens diversification, acquires portfolio of assets in Manganese

Exxaro Resources Limited is pleased to announce its acquisition in a portfolio of manganese assets strategically located within the globally significant Kalahari Manganese Field in South Africa’s Northern Cape province. This investment marks a significant milestone in our strategic journey, anchored in our strong coal resources, we are transitioning into a diversified minerals and energy-solutions …

Exxaro to buy manganese assets from Ntsimbintle for R11.67bn

EXXARO Resources on Tuesday announced an agreement to buy manganese assets in South Africa’s Northern Cape, principally from Ntsimbintle Holdings which owns 50.1% of the 3.4 million ton a year Tshipi Borwa mine. If consummated, expected to be in early 2026, the transaction will bring the curtain down on Exxaro’s three-year search for asset diversification which has seen the company kick the tyres of copper and vanadium assets, among others. Exxa…

South32 holds the US manganese key - Australian Resources & Investment

Image: Peter Hermes Furian/stock.adobe.comSouth32 has taken another step forward at its Hermosa project in Arizona, with the US Forest Service releasing the draft environmental impact statement. The milestone positions the zinc-lead-silver deposit for a final permitting decision, as construction at Hermosa reaches 40 per cent complete. All required state-level permits have already been granted by the Arizona Department of Environmental Quality. …