Diversification key as Magara takes helm at Exxaro
The more than 30-year mining veteran’s appointment comes at a critical time for Exxaro
13 March 2025 - 13:06
UPDATED 13 March 2025 - 23:29
Exxaro Resources picked Ben Magara as its new CEO on Thursday, bringing in the head of the board’s investment committee just a month after Nombasa Tsengwa resigned over clashes with the board.
The mining veteran’s appointment comes at a critical time for Exxaro, as the company executes its growth blueprint to maximise the potential of its vast coal assets while seeking new streams of revenue to mitigate the risk of stranded assets in a decarbonising world...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.