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Exxaro Resources Limited - Exxaro Lists On Jse Limited

Release Date: 27/11/2006 09:00:01      Code(s): EXX
Exxaro Resources Limited - Exxaro lists on JSE Limited                          
EXXARO RESOURCES LIMITED                                                        
Incorporated in the Republic of South Africa                                    
Registration number: 2000/011076/06                                             
Share code:EXX                                                                  
ISIN:  ZAE000084992                                                             
EXXARO LISTS ON JSE LIMITED                                                     
Diversified mining and metals group Kumba Resources Limited today re-listed on  
the JSE Limited as Exxaro Resources Limited (Exxaro), a result of the landmark  
empowerment transaction involving Kumba, Anglo American plc, the Industrial     
Development Corporation and Eyesizwe Mining (Proprietary) Limited.              
Exxaro is South Africa"s flagship empowerment mining company and as South       
Africa"s largest black-controlled, diversified resources company, is well       
positioned to grow organically. Its existing operational interests in South     
Africa, Namibia, Australia and China and a strong project pipeline provides the 
Group with a base for growth both locally and offshore.                         
Speaking at the company"s listing event at the JSE Limited today, Exxaro"s chief
executive officer (CEO), Dr Con Fauconnier, said: "This is an extremely proud   
moment for Exxaro and for the industry in which we operate. Kumba Resources,    
Eyesizwe Coal, and now Exxaro have always been committed to achieving a globally
competitive South African mining company that fully reflects the country in all 
respects. Exxaro meets these critieria and we expect investors to acknowledge   
the value held within Exxaro and the exceptional potential of the company."     
Exxaro is currently the fourth largest coal producer in South Africa and its    
mineral sands business is unique in being the only integrated producer from mine
to pigment. The company is the only zinc producer in the country.               
The company holds a significant iron ore interest through a 20% stake in the    
Sishen Iron Ore Company, part of the Kumba Iron Ore group, which operates the   
Sishen and Thabazimbi iron ore mines in South Africa. Sishen Iron Ore Company is
the world"s fourth largest iron ore exporter.                                   
Exxaro"s short-term strategy is to consolidate and integrate the assets,        
operations and projects of Kumba, Eyesizwe Coal and Namakwa Sands for maximum   
benefit and to optimise the potential synergies of the enlarged group. The      
company intends exercising an option offered as part of the transaction to      
acquire Namakwa Sands and a 26% stake in the Black Mountain operation and       
Gamsberg project from Anglo American.                                           
Exxaro"s CEO designate, Sipho Nkosi, said: "Exxaro is well positioned to        
leverage its employee expertise, strong operations base and growth pipeline to  
retain and further enhance its position as a leader in its chosen commodities." 
The longer-term Exxaro strategy is to leverage the advantage it enjoys in South 
Africa"s Waterberg coalfield, where it has the only existing operating mine and 
high-quality reserves, and to satisfy growing domestic demand for power station 
coal, reductants and metallurgical coal. The ability to produce a full range of 
mineral sands products, global operations and high level of expertise lends     
itself to developing strategic opportunities.                                   
The empowerment transaction involved the unbundling of Kumba"s iron ore assets  
to form Kumba Iron Ore, a separate, iron ore focused company which successfully 
listed on the JSE Limited on 20 November 2006.                                  
Editor"s Note:                                                                  
Exxaro is a diversified resources company with interests in the coal, mineral   
sands, base metals, industrial minerals and iron ore commodities. www.exxaro.com
Enquiries:                                                                      
Trevor Arran                                                                    
Executive General Manager: Corporate Affairs & Investor Relations               
Tel: +27 (0) 12 307 3292                                                        
Mobile: +27 (0) 83 609 1444                                                     
27 November 2006                                                                
Sponsor: J.P.Morgan Equities Limited                                            
Date: 27/11/2006 09:00:06 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                



                                        
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