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South African Coal Miner Exxaro Reaches Deal to Buy Assets of World's Top Manganese Deposit

South African Coal Miner Exxaro Reaches Deal to Buy Assets of World's Top Manganese Deposit

Sputnik Africa

South African Coal Miner Exxaro Reaches Deal to Buy Assets of World's Top Manganese DepositExxaro Resources, through binding agreements with two miners, has... 13.05.2025, Sputnik Africa

2025-05-13T20:27+0200

2025-05-13T20:27+0200

2025-05-13T20:44+0200

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South African Coal Miner Exxaro Reaches Deal to Buy Assets of World's Top Manganese DepositExxaro Resources, through binding agreements with two miners, has gained operational stakes in four mines of South Africa's Kalahari Manganese Field, the largest land-based manganese deposit on Earth."This investment marks a significant milestone in our strategic journey – anchored in our strong coal resources, we are transitioning into a diversified minerals and energy-solutions business," the company said.The transaction is valued at $636.93 million, with a possible adjustment to $813 million, Exxaro noted."This acquisition provides Exxaro with a strong entry point into the manganese sector. Manganese is essential to steelmaking and has a growing market in the battery and renewable technology supply chains," CEO Ben Magara stated.Subscribe to @sputnik_africa Sputnik Africa | X

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