Johannesburg - Shares of Exxaro Resources [JSE:EXX] fell more than 2% after the
diversified mining firm said full-year headline earnings per share are expected
to fall by at least 20%.
The company says its coal business is likely to deliver
lower profit, due to a decline in prices and smaller volumes.
Exxaro also says it expects lower profits from its nearly
20% stake in Kumba Iron Ore's Sishen mine, which was battered by a strike this
Exxaro will release its earnings for the year to
end-December on March 7 next year.
The shares are down 2.13% at R154.98.