Good times for Coal
Profitable days for Exxaro investors
Exxaro shareholders are enjoying generous distributions on firm coal prices and delivery from operations
24 August 2017 - 05:45
Exxaro Resources shareholders, now enjoying an interim dividend three times higher than last year’s, are also likely to benefit from either a special cash dividend or a share buyback in the next few months when the energy company sells the first tranche of its stake in mineral sands company Tronox. Exxaro holds 42.97% of Tronox, a stake worth about R12bn, which it will start to sell in the second half of this year. It has also earmarked several other assets for disposal, including its stakes in Black Mountain, the Moranbah coal project in Australia, Arnot and the North Block Complex.
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