
Magara also outlines his vision of the company being a diversified natural resources champion — not just in Africa, but beyond. This vision encompasses strong partnerships across the private and public sectors, as well as with local communities. As Magara explains: “This is how we can deliver the Africa we want, and the world we need.”

Governments are moving deeper into the mining deal room, shifting from traditional lenders and regulators to investors, customers, price-setters and strategic partners as countries race to secure critical mineral supply chains.

Karo has an open-pit mineral reserve of 2.1-Moz on a 4E basis and a Mineral Resource of 11.2-Moz. Potential underground mining could extend the project’s life to more than 50 years.

Exxaro has reported a resilient H2 performance, with CEO Ben Magara pointing to operational discipline, cash generation and a diversified portfolio as key strengths in navigating a volatile economic environment.