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EXX - Exxaro Resources Limited - Exxaro starts Inyanda Mine Construction
EXXARO RESOURCES LIMITED
(formerly Kumba Resources Limited)
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
Share Code: EXX
ISIN Number: ZAE000084992
("Exxaro" or "the company")
EXXARO STARTS INYANDA MINE CONSTRUCTION
Diversified resources group Exxaro Resources Limited (Exxaro) has commenced the
construction programme for its new Inyanda coal mine situated near Witbank in
Mpumalanga province, with full production expected to be reached during 2008 as
indicated in the Exxaro competent persons` report published as part of the
company`s listing documentation on 9 October 2006.
The Inyanda mine will produce 1Mtpa of A-grade thermal coal for the export
market, via Richards Bay Coal Terminal (RBCT), and involves an estimated R245
million of start-up capital expenditure.
"We have now placed orders for civil work and plant construction and it is all
systems go to get production underway and to capitalise on the buoyant global
market for high quality thermal coal," said Ernst Venter, executive general
manager of Exxaro`s coal division.
Development of the Inyanda mine has been made possible by the granting of new
order mining rights from the Department of Minerals and Energy, as well as the
go-ahead of the Phase V expansion of RBCT, late in 2006.
Editor`s Note:
Exxaro is a diversified resources group with interests in the coal, mineral
sands, base metals, industrial minerals and iron ore commodities. The group`s
coal business has a capacity of 45Mtpa and is South Africa`s fourth largest coal
producer. Exxaro is the largest supplier of coal to Eskom for power generation
and is the country`s largest producer of metallurgical coals.
www.exxaro.com
29 January 2007
Enquiries:
Ernst Venter
Executive General Manager: Exxaro Coal
Tel: +27 (0) 12 307 4322
Mobile: +27 (0) 83 609 1313
Trevor Arran
Executive General Manager: Corporate Affairs & Investor Relations
Tel: +27 (0) 12 307 3292
Mobile: +27 (0) 83 609 1444
Sponsor
JPMorgan Equities Limited
Date: 29/01/2007 15:35:01 Produced by the JSE SENS Department.
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