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Exxaro, the largest supplier of coal to Eskom, has opted to pay out R5.07bn to external shareholders in a record interim dividend, as robust coal and iron ore prices helped offset transport woes and the effects of Covid-19 during its six months to end-June.

A surge in pricing for iron ore and coal helped the group grow its revenue by 8% to R15.1bn in its half-year to end-June, with headline earnings more than doubling to R6.8bn, even as transport issues helped prompt a decline in coal sales...

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