Diversified miner Exxaro, which supplies coal to Eskom, said on Thursday declining global coal prices were more than offset by its investments in an iron ore venture, with profit jumping 42% during its year to end-December.
A “supply wave” of liquefied natural gas resulted in a 30% decline in average selling prices for Exxaro’s thermal coal during 2019, but the higher iron ore prices helped offset the drop...
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