EXX - Exxaro Resources Limited - News Release
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")
KZN SANDS - FURNACE INCIDENT
Diversified resources group Exxaro Resources Limited (Exxaro) regrets to
report that a water ingress incident has resulted in substantial damage to
Furnace 2 at the KZN Sands Empangeni central processing complex.
No one was injured during the incident. The incident and extent of the
resultant damage is the subject of a detailed investigation at present.
The incident has resulted in Furnace 2 being shut down. As communicated on
21 February 2008, Furnace 2 was due for a scheduled maintenance shut
beginning in June 2008. The incident will require this planned four month
shut to be brought forward. Preliminary estimates suggest that the repairs
to the furnace will increase the total downtime by a further four months,
including a one month ramp-up period.
Although Furnace 1 is fully operational, the outage at Furnace 2 is
expected to result in significant lower production of both slag and low
manganese pig iron in 2008 when compared to the 2007 financial year.
7 March 2008
Sponsor - JP Morgan Equities
Exxaro is a diversified resources group with interests in the coal, mineral
sands, base metals, industrial minerals and iron ore commodities.
General Manager: Corporate Affairs & Investor Relations
Tel: +27 (0) 12 307 3292
Mobile: +27 (0) 83 609 1444
Date: 07/03/2008 14:45:37 Supplied by www.sharenet.co.za
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