Tough year for Exxaro minsands

By Mark Watts
Published: Thursday, 25 February 2010

South African miner’s earnings fall 70% as minsands businesses report a loss

South African miner Exxaro Resources Ltd’s earnings for 2009 dropped 70% to R1.02bn. ($129m.) as all three mineral sands businesses reported operating losses.

 

The group, which also mines coal and base metals, was hit by R1.44bn. ($183m.) in impairments due to scrapping plans for the proposed...

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