South Africa’s Exxaro eyes South32’s coal assets, export quota

CEO of Exxaro Ltd, Mxolisi Mgojo – Image courtesy of Exxaro Ltd

Oct 3 (Reuters) – South African miner Exxaro is eyeing South32’s local coal assets, which include an export quota, as it looks to increase its exports, Exxaro’s chief executive told Reuters on Wednesday.

“We have expressed interest at this very early round in the South32 assets,” Chief Executive Mxolisi Mgojo said on the sidelines of the Jo’burg Indaba mining conference.

“Our primary objective is to get further exposure on the export side and the South32 assets also come with Richard Bay Coal Terminal entitlements,” he said.

(By Tanisha Heiberg; Editing by Ed Stoddard and Kirsten Donovan)

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