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Exx - Exxaro Resources Limited - Strengthens Its Coal Export Position At Rbct

Release Date: 31/05/2007 09:21:01      Code(s): EXX
EXX - Exxaro Resources Limited - Strengthens its coal export position at RBCT   
EXXARO RESOURCES LIMITED                                                        
(formerly Kumba Resources Limited)                                              
Incorporated in the Republic of South Africa                                    
(Registration Number:  2000/011076/06)                                          
Share Code:  EXX                                                                
ISIN Number: ZAE000084992                                                       
("Exxaro" or "the company")                                                     
NEWS RELEASE                                                                    
EXXARO STRENGTHENS ITS COAL EXPORT POSITION AT RBCT                             
Diversified resources group Exxaro Resources Limited (Exxaro) today announced   
that the company has reached agreement with BHP Billiton Energy Coal South      
Africa Limited (BECSA) to purchase from BECSA one million tonnes per annum      
(Mtpa) export entitlement through the Richards Bay Coal Terminal (RBCT).        
The rights accompanying this entitlement will become effective on 1 July 2007   
and it is in addition to the 2,5Mtpa RBCT entitlement that Exxaro was awarded   
through RBCT`s recent subscription process and 0,8Mtpa acquired following the   
merger with Eyesizwe Coal.                                                      
On completion of the RBCT Phase V expansion scheduled by the second quarter of  
2009, Exxaro will acquire a further 2Mtpa of export entitlement through the     
South Dunes Coal Terminal Company. This will result in Exxaro`s total           
entitlement increasing to 6,3Mtpa.                                              
"Exxaro`s export entitlement at RBCT is aligned with our growth objectives that 
include obtaining a strong position in the export coal market. It matches       
increasing export production from our existing mines and new mines such as      
Inyanda and the Mafube JV," said Ernst Venter, executive general manager of     
Exxaro`s coal division.                                                         
ends                                                                            
Editor`s Notes:                                                                 
Exxaro is a diversified resources group with interests in the coal, mineral     
sands, base metals, industrial minerals and iron ore commodities. Exxaro was    
formed through the re-listing on the JSE Limited of Kumba Resources in November 
2006 as part of an empowerment transaction in which Kumba`s iron ore assets were
unbundled and listed as Kumba Iron Ore, and the non-iron ore assets were merged 
with the assets of Eyesizwe Coal and re-listed as Exxaro.                       
Exxaro is one of the largest suppliers of coal to Eskom, and is currently       
exporting some 2,5Mtpa of coal through its present entitlement at RBCT and the  
annual lease of additional entitlement.                                         
The Inyanda open-pit mine is under construction near Witbank in Mpumalanga. Full
production of 1Mtpa of A-grade thermal coal for the export market is expected to
be reached during 2008.                                                         
The Mafube JV is a 50:50 joint venture between Exxaro and Anglo Coal, situated  
near Standerton in Mpumalanga. Construction of the Mafube expansion project is  
progressing well, with first product from this 3Mtpa open-pit mine expected in  
October 2007.                                                                   
More information is available on www.exxaro.com.                                
Enquiries:                                                                      
Ernst Venter                                                                    
Executive General Manager: Exxaro Coal                                          
Tel: +27 (0) 12 307 4322                                                        
Mobile: +27 (0) 83 609 1313                                                     
Trevor Arran                                                                    
Executive General Manager: Corporate Affairs & Investor Relations               
Tel: +27 (0) 12 307 3292                                                        
Mobile: +27 (0) 83 609 1444                                                     
31 May 2007                                                                     
Sponsor: J.P.Morgan Equities Limited                                            
Date: 31/05/2007 09:21:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  



                                        
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