Loading...
See More

Exxaro set to sell Colliery

Apr 24 2013 20:18 I-Net Bridge

Company Data

EXXARO RESOURCES LIMITED [JSE:EXX]

Last traded 0
Change 0,98
% Change 0
Cumulative volume 307042
Market cap 38.67bn

Last Updated: 19-12-2014 at 04:41. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Striking Exxaro miners back at work

Exxaro strike comes to an end

Exxaro threatens to fire striking miners

Exxaro interdicts striking workers

Workers reject Exxaro pay offer

Exxaro to mine iron ore in Congo

 
Johannesburg - Diversified resources group Exxaro Resources [JSE:EXX] reported on Wednesday that it is starting a process that may result in the disposal of its New Clydesdale Colliery (NCC) operation situated near eMalahleni in Mpumalanga.

Exxaro said it had recently had a number of unsolicited approaches to acquire its NCC asset. As NCC was a relatively short life-of-mine and lower margin asset‚ the group would embark on a process of testing whether potential third party buyers could generate greater value from this unique asset.

”This process may therefore result in a disposal of NCC to a suitably qualified operator‚ allowing Exxaro to focus on its core portfolio and delivery of its growth prospects.

“The group is calling for expressions of interest from parties interested in acquiring the assets and liabilities of the NCC operation‚” the group said.

In 2012 NCC produced 717kt of A-grade steam coal‚ most of which was exported.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

exxaro  |  mining
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...