Commodities
South Africa’s Exxaro Seeks to Acquire Manganese Mining Assets
- The company is one of South Africa’s biggest coal producers
- Miner wants to add manganese and copper to its portfolio: CEO
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Exxaro Resources Ltd., one of South Africa’s biggest coal producers, wants to become a major player in the country’s manganese mining industry.
After losing out on a copper mine in Botswana last year, Chief Executive Officer Nombasa Tsengwa is prioritizing manganese in the company’s latest bid to diversify its business. South Africa is the world’s largest exporter of mid- to high-grade manganese ores, which are mainly used in steelmaking.