Companies / Mining

News Leader

WATCH: How equity investments give Exxaro a boost

Exxaro CEO Mxolisi Mgojo talks to Business Day TV about the company’s full-year results

13 March 2020 - 10:08 Business Day TV
Mxolisi Mgojo, CEO of SA's largest coal producer, Exxaro, says the new Medupi power station will increase Eskom's coal uptake when it comes online. Picture: Masi Losi
Mxolisi Mgojo, CEO of SA's largest coal producer, Exxaro, says the new Medupi power station will increase Eskom's coal uptake when it comes online. Picture: Masi Losi

Exxaro weathered tough conditions in the year to end-December.

The miner posted a 13% increase in headline earnings, despite worsening global and domestic conditions, and that is thanks to a boost from its equity investments.

Business Day TV spoke to CEO Mxolisi Mgojo for his perspective on the numbers.

Or listen to the full audio:

Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm 

Exxaro embraces a green future

The major SA coal miner will forge a new path as the world transitions away from fossil fuels
Companies
7 months ago

Exxaro gets profit boost from iron ore interests

Declining global coal prices were more than offset by the company’s investments in other commodities
Companies
7 months ago

Investments have offset lower coal prices, Exxaro says

Headline earnings per share (HEPS) at Exxaro are expected to have risen between 5% and 19%
Companies
7 months ago

Standard Bank sets out coal-lending policy

As shareholders and the public demand action on climate change, the bank has set out a range of restrictive criteria on such lending
Companies
7 months ago

MARK GEVISSER: From apartheid, Aids and now the climate crisis: how do we change SA’s tradition of denial?

Fossil fuel divestment is snowballing globally but our country is still not yet part of this momentum
Life
8 months ago

Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Most read

1.
Total’s new gas find may lure investment
Companies / Energy
2.
MTN goes head to head with Cell C
Companies / Telecoms & Technology
3.
Optimise cash flow and reduce interest charges ...
Companies / Financial Services
4.
Remgro: A stock that all South Africans should own
Companies / Investors Monthly
5.
Comair a step closer to taking off again
Companies

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.