https://newsletter.en.creamermedia.com

Exxaro’s manganese entry points advance

Exxaro CEO Ben Magara.

Exxaro CEO Ben Magara.

29th January 2026

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

JOHANNESBURG (miningweekly.com) – The binding agreements of JSE-listed Exxaro Resources to acquire manganese assets advanced further on Thursday with the fulfilment of first transaction conditions.

Exxaro has entered into binding agreements to acquire shares and claims in manganese assets held by Ntsimbintle Holdings and OM Holdings in a "transformational" R11.67-billion transaction.

The involved assets, located within the globally significant Kalahari Manganese Field in the Northern Cape, comprise 74% of Ntsimbintle Mining; 19.99% of Jupiter; 100% of Ntsimbintle Marketing and Trading; 51% of Mokala; and 9% of Hotazel Manganese mines.

Through the acquisition, Exxaro gains exposure to four operating mines, including 60.1% effective ownership in the Tshipi Borwa mine, 51% in Mokala and 9% in Hotazel Manganese Mines which operates the Mamatwan and Wessels mines.

The acquisition of select manganese assets from Ntsimbintle and OM Holdings has become unconditional, Exxaro stated in a stock exchange announcement.

The Mokala sale transaction remains subject to the fulfilment of the remaining suspensive conditions, with the long stop date also now February 27. Mining Weekly can report that a further announcement will be made regarding remaining suspensive conditions in due course.

The broader strategy of Exxaro, headed by CEO Ben Magara, includes significant investments in renewable energy, including wind and solar; exploration of essential transition minerals such as manganese and copper; and the use of innovative technologies to enhance operational efficiency and reduce environmental impact.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Showroom

Essentra Components
Essentra Components

We are responsible manufacturers of essential components. Manufacturing 80 million parts a week, we have over 1 billion parts in stock.

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.121 0.232s - 165pq - 2rq
Subscribe Now