Tough year for Exxaro minsands
Published: Thursday, 25 February 2010
South African miner’s earnings fall 70% as minsands businesses report a loss
miner Exxaro Resources Ltds 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