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EXX - Exxaro Resources - Exxaro Resources Limited & Tronox Incorporated

Release Date: 27/03/2008 15:00:01      Code(s): EXX
EXX - Exxaro Resources - Exxaro Resources Limited & Tronox Incorporated         
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")                                                     
JOINT NEWS RELEASE                                                              
EXXARO RESOURCES LIMITED & TRONOX INCORPORATED                                  
Exxaro and Tronox boards of directors approve expansion of Tiwest titanium      
dioxide plant in Kwinana, Western Australia                                     
Diversified resources group Exxaro Resources Limited (Exxaro) and United States-
based Tronox Incorporated have announced that the boards of directors of both   
companies have given approval for the expansion of their Tiwest joint venture   
titanium dioxide (TiO2) pigment plant in Kwinana, Western Australia.            
With expectations for continued strong demand growth in the Asia-Pacific region,
the expansion will allow Tiwest to capture future opportunities in this rapidly 
growing market. The project, which will increase the plant`s current annual     
capacity from 110ktpa to around 150ktpa, is expected to cost about A$100        
Tiwest plans to begin construction during 2008, subject to appropriate          
regulatory approvals. The additional capacity is expected to come on line in    
early 2010.                                                                     
The joint venture partners have signed an agreement under which Exxaro will     
provide ongoing funding for the expansion. Tronox has the option to contribute  
its share of the capital at its discretion throughout the project and until a   
date two years from commissioning, which will be taken into account when        
calculating its final interest in the expanded production.                      
The Kwinana plant, with a current annual capacity of 110kt, produces chloride   
process titanium dioxide (TiO2) pigment using Tronox`s proprietary technology   
and marketed under the TRONOX brand.                                            
"The Tiwest development is an important contribution to Exxaro`s strategy of    
downstream value adding in our mineral sands business," said Sipho Nkosi,       
Exxaro`s chief executive officer. Together with the South African east coast KZN
Sands operation and the soon to be completed acquisition of the Namakwa Sands   
business on South Africa`s west coast, the combined developments position Exxaro
as a major supplier to the titanium and zircon industries.                      
"This expansion will provide us with the additional capacity needed to meet the 
future demands of our existing customers and prospective new customers in the   
Asia-Pacific region, which is projected to be the world`s largest pigment       
consuming region in 2008 and beyond," said Tom Adams, Tronox chairman and chief 
executive officer.                                                              
Editor`s Notes:                                                                 
Tiwest is a 50:50 joint venture between Exxaro and Tronox Inc. It is the world`s
largest integrated titanium minerals production and manufacturing company.      
Established in 1988, Tiwest operates in Western Australia.  Its facilities      
include the Cooljarloo mineral sands mine, the Chandala synthetic rutile plant  
and the Kwinana titanium dioxide pigment plant.  Tiwest`s success has been built
on the development of high quality mineral reserves and the application of      
sophisticated process technology.  For information on Tiwest, visit             
Exxaro is one of the largest South African-based diversified resources groups,  
with interests in the mineral sands, coal, 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 a major black economic   
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. More information is available  
on www.exxaro.com                                                               
Headquartered in Oklahoma City, Tronox is the world`s third-largest producer and
marketer of titanium dioxide pigment, with an annual production capacity of     
642kt. Titanium dioxide pigment is an inorganic white pigment used in paint,    
coatings, plastics, paper and many other everyday products. The company`s five  
pigment plants, which are located in the United States, Australia, Germany and  
the Netherlands, supply high-performance products to approximately 1 100        
customers in 100 countries. In addition, Tronox produces electrolytic products, 
including sodium chlorate, electrolytic manganese dioxide, boron trichloride,   
elemental boron and lithium manganese oxide. For additional information on      
Tronox, visit www.tronox.com                                                    
27 March 2008                                                                   
Sponsor: JP Morgan Equities                                                     
For enquiries:                                                                  
Executive General Manager: Corporate Affairs & Investor Relations               
Trevor Arran                                                                    
Tel: +27 12 307 3292                                                            
Mobile: +27 83 609 1444                                                         
E-mail: trevor.arran@exxaro.com                                                 
Investor Relations:           Media:                                            
Robert Gibney                 Debbie Schramm                                    
405-775-5105                  405-775-5177   (cell:  405-830-6937)              
E-mail: robert.gibney@tronox.com   E-mail: debbie.schramm@tronox.com            
Date: 27/03/2008 15:00:01 Supplied by www.sharenet.co.za                     
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