Jan 17, 2019
#jobopportunity in #exxaro (at Gauteng) https://www.instagram.com/p/BsugG0Lhu69/?utm_source=ig_tumblr_share&igshid=11tj1yjv1c5u1
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#jobopportunity in #exxaro (at Gauteng) https://www.instagram.com/p/BsugG0Lhu69/?utm_source=ig_tumblr_share&igshid=11tj1yjv1c5u1
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South Africa's Exxaro to pay $377 mln special dividend
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South Africa's Exxaro to pay $377 mln special dividend
JOHANNESBURG, Feb 13 (Reuters) – South African miner Exxaro Resources said on Tuesday it would pay a special dividend of 4.5 billion rand ($377 million) from its income reserves after the firm sold stake in U.S. titanium products company Tronox.
The dividend represents 12.55 rand ($1.05) per Exxaro ordinary share.
“In assessing the application of the proceeds realised on the sale, the board of directors of Exxaro considered its growth prospects, future capital commitments, the repayment of debt and the return of capital to its shareholders,” Exxaro said.
Exxaro said in October it had completed the sale of 22.4 million shares in Tronox with net proceeds of $474 million. ($1 = 11.9330 rand) (Reporting by Tanisha Heiberg; Editing by Amrutha Gayathri)
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Polluting energy : demonstrations against France in Johannesburg
Polluting energy : demonstrations against France in Johannesburg
Several hundred people marched in Johannesburg, accusing France of supporting the coal industry in South Africa. Denounced by the activists for its polluting, coal provides about 90% of the production of local electricity.
Protesters at the call of the NGO Earthlife Africa, gathered this Friday, May 15 near the consulate of France in Johannesburg, denouncing in particular the construction by the…
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French oil giant Total on Monday said it had inked a deal to sell its South African coal assets to mining company Exxaro Resources for $472 million (350 million euros). Exxaro is South Africa's second-largest coal producer, with seven coal mines that produce about 40 million tonnes annually. Last year Total Coal South Africa (TCSA) sold some 4.5 million tonnes of thermal coal, mainly to Asian markets, making it the fifth-largest producer in the country. "This sale is part of the group's 2012-14 asset sale program and is in line with Total's objectives to focus on its core activities," the president of Total's gas and power division, Philippe Sauquet, said in a statement. Source: AFP
Exxaro to buy Total Coal South Africa
Exxaro to buy Total Coal South Africa
Its retail businesses were not affected and it was continuing to invest in oil and gas exploration in South Africa. Exxaro said the deal would give it large-scale operating assets, with a remaining life of about 20 years. The deal would also increase …
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