Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
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)
