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Exxaro to Reduce Costs to Withstand ‘Vagaries’ in Zinc Market

By Ron Derby

Nov. 5 (Bloomberg) -- Exxaro Resources Ltd. is looking to reduce costs in its zinc business to withstand the “vagaries” of the zinc market, Mxolisi Mgojo, Exxaro’s general manager of commodity operations, said in an interview in Lephalale today.

Exxaro’s zinc unit had a “tough year” and the company hasn’t yet taken a decision on whether to exit the business, Mjogo said.

To contact the reporter on this story: Ron Derby in Johannesburg at rderby1@bloomberg.net

Last Updated: November 5, 2009 05:36 EST

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