13-03-2025
South Africa's Exxaro names veteran mining executive Ben Magara new CEO
JOHANNESBURG, March 13 (Reuters) - Exxaro Resources (EXXJ.J), opens new tab, a South African coal miner, said it has appointed veteran mining executive Ben Magara as its new CEO following the departure of Nombasa Tsengwa.
Magara is a former CEO of platinum miner Lonmin and has also worked for Anglo American.
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The South African coal miner is naming a new boss to steer the company after its headline earnings per share fell 36% to 30.16 rand ($1.65) in 2024 due mainly to lower coal prices.
