Exxaro to acquire the assets of manganese in South Africa for $ 637 million

Exxaro Resources has signed binding agreements to obtain shares and demands in the assets of the Mengenis owned by NTSIMBINTLE HOLDINGS and om Holdings in South Africa for a price of 11.67 billion Rand (637.1 million dollars).

The assets are located in the KMF field (KMF) in the Northern Cape Province.

The deal includes a 74 % stake in NTSIMBINTLE mining, a 19.99 % stake in Jupiter, along with a 100 % interest in NTSIMBINTELE marketing, 51 % in Mokala and 9 % in Hotazel ​​Manganese mines.

The deal is likely to increase to 14.64 billion Rand if Blue Falcon, who owns 49 % of the Mokala mines, exercises rights along the rights.

EXXARO’s acquisition gives four operating mines, including 60.1 % effective ownership in the rights of Tshipi Borwa, which is a 51 % stake in Mokala and a 9 % stake in Hotazel ​​Manganese mines.

The transaction is subject to organizational approvals, with the expected date of completion in the first quarter of 2026.

“This deal brings together two strong companies (black economic empowerment) who possess both consistent profits and Exxaru positions as a quiet and varied from the South African mining company, and I am pleased to be able to use our strong coal resources as a base to exhaust our markets competition.”

“This acquisition provides a strong entry point in the manganese sector. Mangenez is necessary to make steel and has a growing market in battery supply chains and renewable technology. The acquisition will witness the deployment of our operational and commercial experience in growth in the field of growth in the field.

This acquisition represents a strategic diversification of the coal base in Exxaru to wide metal works and energy solutions.

The broader Exxaro strategy includes investments in renewable energy, exploring basic transitional metals such as manganese and copper, and the use of innovative technologies.

“We believe this historical deal that in terms of Exixaro is gaining NTSIMBINTLE wallet of high -quality manganese assets is important for the mining sector in South Africa and enhances Exxaro as a mining hero in South Africa,” said Sake Macozoma, Chairman of the Board of Safika and NTSIMBINTLETINGS.

We are pleased that these assets will remain in the hands of South Africa because Exxaru is an excellent guardian shared by the values ​​of Savika and the strong NTSIMBINTLE in safety, sustainability and social licensing to work while providing certainty to our resident staff and our host societies.