US EditionSaki Macozoma sells manganese assets to Exxaro in $638 million deal
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Saki Macozoma sells manganese assets to Exxaro in $638 million deal
Key PointsExxaro will acquire full ownership of Ntsimbintle Mining, buying 74% from Ntsimbintle Holdings and 26% from OM Holdings.The deal includes stakes in Jupiter Mines, Mokala, and Hotazel, expanding Exxaro’s manganese footprint across four operating mines in South Africa’s Northern Cape.Valued at $638 million and rising to $800 million with tag-along rights, the deal supports Exxaro’s shift from coal to energy-transition metals like mangane…
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