{"id":1301,"date":"2025-05-14T14:13:09","date_gmt":"2025-05-14T14:13:09","guid":{"rendered":"https:\/\/esgfrontiers.org\/?p=1301"},"modified":"2025-05-14T14:16:51","modified_gmt":"2025-05-14T14:16:51","slug":"macozoma-exxaro-ntsimbi-deal-returns-jupiter-shares-to-local-ownership","status":"publish","type":"post","link":"https:\/\/esgfrontiers.org\/?p=1301","title":{"rendered":"MACOZOMA: Exxaro -Ntsimbi Deal returns Jupiter shares to local ownership"},"content":{"rendered":"\n<p>South African coal producer Exxaro Resources announced a binding agreement to acquire a portfolio of high-quality manganese assets for a total unadjusted purchase price of <strong>R11.67 billion (approximately $637 million)<\/strong>. This acquisition marks a major step in Exxaro&#8217;s diversification strategy, expanding its commodity base into minerals crucial for the energy transition. \u00a0<\/p>\n\n\n\n<p>The deal encompasses a 19.99% stake in Jupiter Mines, an Australian Securities Exchange (ASX)-listed company that is a joint venture partner in the major Tshipi Borwa manganese mine located in South Africa&#8217;s Northern Cape. Speaking to the SABC, Chairman of Ntsimbintle Holdings, Saki Macozoma, highlighted this aspect, stating, &#8220;The transaction therefore makes sense as Jupiter mines shares now return to South African hands.&#8221;<\/p>\n\n\n\n<p>The broader acquisition also includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>74% of Ntsimbintle Mining:<\/strong> Giving Exxaro 100% ownership.<\/li>\n\n\n\n<li><strong>100% of Ntsimbintle Marketing and Trading:<\/strong> Providing control over Tshipi&#8217;s manganese marketing.<\/li>\n\n\n\n<li><strong>51% of Mokala Manganese:<\/strong> A newer mine in the Kalahari Manganese Field (KMF).<\/li>\n\n\n\n<li><strong>9% of Hotazel Manganese Mines:<\/strong> Operator of the Mamatwan and Wessels mines<\/li>\n<\/ul>\n\n\n\n<p>Through this acquisition, Exxaro will gain exposure to four operating mines, including an effective 60.1% ownership in the Tshipi Borwa mine, the world&#8217;s fourth-largest manganese producer, along with 50.1% marketing rights. Exxaro will also hold a 51% stake in the Mokala mine and a 9% stake in Hotazel Manganese Mines. \u00a0<\/p>\n\n\n\n<p>Macozoma emphasised the strategic rationale behind the sale for Ntsimbintle Holdings and the opportune timing given Exxaro&#8217;s financial position. &#8220;The sale is opportune as Exxaro is cashflush and is looking at diversifying their assets, and limiting their exposure to environmentally sensitive coal mining,&#8221; he said. He also noted the transaction&#8217;s dependence on regulatory approval and Exxaro&#8217;s due diligence process.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"959\" height=\"768\" src=\"https:\/\/esgfrontiers.org\/wp-content\/uploads\/2025\/05\/Ben-Magara-2.jpg\" alt=\"\" class=\"wp-image-1302\" srcset=\"https:\/\/esgfrontiers.org\/wp-content\/uploads\/2025\/05\/Ben-Magara-2.jpg 959w, https:\/\/esgfrontiers.org\/wp-content\/uploads\/2025\/05\/Ben-Magara-2-300x240.jpg 300w, https:\/\/esgfrontiers.org\/wp-content\/uploads\/2025\/05\/Ben-Magara-2-768x615.jpg 768w\" sizes=\"(max-width: 959px) 100vw, 959px\" \/><figcaption class=\"wp-element-caption\"><em>Exxaro CEO Ben Magara leads the coal-mining firm&#8217;s new charge into cleaner energy metals (Image: ForbesAfrica)<\/em><\/figcaption><\/figure>\n\n\n\n<p>Exxaro CEO Ben Magara hailed the transaction as a &#8220;transformational&#8221; move that positions Exxaro as a &#8220;formidable and diversified mining company of reference in South Africa.&#8221; He emphasised that manganese is essential for steelmaking and has a growing market in the battery and renewable technology supply chains, aligning with Exxaro&#8217;s broader strategy to invest in future-facing minerals. \u00a0<\/p>\n\n\n\n<p>The deal is subject to regulatory approvals and is expected to be finalised in the <strong>first quarter of 2026<\/strong>. There is also a potential for the total consideration to increase to a maximum of <strong>R14.64 billion<\/strong> if Blue Falcon, which owns the remaining 49% of Mokala Mines, exercises its tag-along rights. \u00a0<\/p>\n\n\n\n<p>This acquisition signifies Exxaro&#8217;s strong commitment to diversifying its portfolio beyond coal and establishing itself as a significant player in the manganese sector, a crucial mineral for both traditional industries and the burgeoning green economy.<\/p>\n\n\n\n<p>Editorial: @lloydnedohe_ on X, E: info@esgfrontiers.co.za<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South African coal producer Exxaro Resources announced a binding agreement to acquire a portfolio of high-quality manganese assets for a total unadjusted purchase price of R11.67 billion (approximately $637 million). This acquisition marks a major step in Exxaro&#8217;s diversification strategy, expanding its commodity base into minerals crucial for the energy transition. \u00a0 The deal encompasses&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1305,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31,9,11],"tags":[42],"coauthors":[40],"class_list":["post-1301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-news","category-featured","category-latest-news","tag-fulufhelo-lloyd-nedohe"],"_links":{"self":[{"href":"https:\/\/esgfrontiers.org\/index.php?rest_route=\/wp\/v2\/posts\/1301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/esgfrontiers.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/esgfrontiers.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/esgfrontiers.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/esgfrontiers.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1301"}],"version-history":[{"count":1,"href":"https:\/\/esgfrontiers.org\/index.php?rest_route=\/wp\/v2\/posts\/1301\/revisions"}],"predecessor-version":[{"id":1304,"href":"https:\/\/esgfrontiers.org\/index.php?rest_route=\/wp\/v2\/posts\/1301\/revisions\/1304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/esgfrontiers.org\/index.php?rest_route=\/wp\/v2\/media\/1305"}],"wp:attachment":[{"href":"https:\/\/esgfrontiers.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/esgfrontiers.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/esgfrontiers.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1301"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/esgfrontiers.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcoauthors&post=1301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}