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EXX - Exxaro - Exxaro Joint Venture Partner Tronox Files For Chapter 11 In The

Release Date: 12/01/2009 16:00:01      Code(s): EXX
EXX - Exxaro - Exxaro Joint Venture Partner Tronox Files For Chapter 11 In The  
United States                                                                   
EXXARO RESOURCES LIMITED                                                        
Incorporated in the Republic of South Africa                                    
(Registration Number:  2000/011076/06)                                          
JSE share code:  EXX                                                            
ISIN code:  ZAE000084992                                                        
ADR code:  EXXAY                                                                
("Exxaro" or "the company")                                                     
NEWS RELEASE                                                                    
Exxaro Resources Limited`s (Exxaro) joint venture partner in Tiwest, Tronox     
Incorporated (Tronox), announced on 12 January 2009 that it has filed for       
Chapter 11 relief under the United States Bankruptcy Code. Chapter 11 allows    
Tronox to restructure its debts, reorganise business and address its            
environmental legacies which it incurred when it was spun-off from Kerr McGee   
Corporation in 2006.                                                            
In the announcement Tronox stated that its offshore operations will continue    
without interruption. Tronox Western Australia Pty Ltd, which holds Tronox`s 50%
interest in Tiwest, and Tronox Pigments Limited which is responsible for        
marketing the joint venture partners` share of pigment production, will not form
part of the Chapter 11 filing. Exxaro expects that the mining, manufacturing and
marketing activities of Tiwest will be unaffected by the filing. The expansion  
of the Tiwest titanium dioxide plant at Kwinana, Western Australia, which is    
funded by Exxaro, will also not be impacted by the Tronox filing. The expansion 
remains on track for wet commissioning in the first half of 2010.               
Exxaro`s chief executive officer, Sipho Nkosi, said: "Exxaro has monitored      
recent events closely and we remain committed to Tiwest, which forms an         
important part of our mineral sands business."                                  
Editor`s Notes:                                                                 
The Tiwest Joint Venture 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 www.tiwest.com.au.                                 
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. More information is available on www.exxaro.com.          
12 January 2009                                                                 
Exxaro Contact                                                                  
Wim de Klerk: Executive General Manager: Mineral Sands and Base Metals &        
Financial Director designate                                                    
Tel: +27 12 307 4848                                                            
Mobile: +27 82 652 5145                                                         
E-mail: wim.deklerk@exxaro.com                                                  
J.P.Morgan Equities Limited                                                     
Date: 12/01/2009 16:00:01 Supplied by www.sharenet.co.za                     
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