Exxaro Expresses Interest in South32 Coal Assets in South Africa

South Africa’s Business News reported that Exxaro is interested in South32’s local coal assets, which include an export quota, as it looks to increase its exports. South32 plans to dispose of its South Africa Energy Coal (SAEC) operations, consisting of four coal mining operations and processing plants in the coalfields of the Mpumalanga province. Mike Fraser, South32 COO, said they are quality assets and there has been a lot of interest. He said South32 has around 21% of the available export capacity at the Richards Bay Coal Terminal.
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