

Exxaro is set to exit its only offshore asset through a two-step transaction that will see it acquire Anglo American’s remaining stake in the Moranbah South coking coal project before selling the entire asset to Stanmore Resources for $105 million.

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.

Thungela sold 7.4 Mt into the export market during H1,26, including 600,000 t of third-party coal. Export sales exceeded production, with the company able to leverage additional rail allocation opportunities alongside an improvement in Transnet Freight Rail's performance.