EXX - Exxaro Partners Sasol Mining In JV To Supply Potential New Coal-To-LiquidsRelease Date: 01/07/2009 12:00:04 Code(s): EXX
EXX - Exxaro Partners Sasol Mining In JV To Supply Potential New Coal-To-Liquids
EXXARO 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 PARTNERS SASOL MINING IN JV TO SUPPLY POTENTIAL NEW COAL-
Diversified resources company Exxaro has entered into a prospecting joint
venture agreement with Sasol Mining Proprietary Limited (Sasol Mining) for the
development of a new coal mine to supply Sasol`s new potential inland coal-to-
liquids (CTL) project.
Project Mafutha is an investigation into the development of another CTL project
in South Africa and is envisaged to be located in the north-western part of the
Limpopo province due to the substantial coal reserves in the Waterberg region.
Should the project proceed, it will require a new coal mine to produce feedstock
for the 80 000 barrels-a-day CTL complex. The development will help meet the
growing shortfall in South Africa`s domestic fuel production, most notably in
the installed capacity for producing diesel and petrol. In recent years, South
Africa has been a regular importer of refined fuels to supplement local
It is expected that such a mine would require an opencast truck-and-shovel
extraction method, an area in which Exxaro has beneficial expertise.
The development of the new mine is in the pre-feasibility stage with the mining
of a bulk sample planned for before the end of 2009. It is expected that some
170 000 tonnes of coal will be mined for large-scale testing at the Sasol
Synfuels Secunda plant.
Exxaro`s participation in the joint venture for the new mine is subject to the
applicable regulatory approvals, the company`s continued interest in the project
and development of the CTL and associated Mafutha coal mine.
Exxaro is represented in the mining joint venture by Exxaro Coal Mpumalanga
(Pty) Ltd (formerly Eyesizwe Coal (Pty) Ltd), a wholly owned subsidiary of
Exxaro Coal (Pty) Ltd.
Editor`s Note: Exxaro is one of the largest South African-based diversified
resources groups, with interests in the coal, mineral sands, base metals,
industrial minerals and iron ore commodities. www.exxaro.com
Wim de Klerk
Telephone: +27 (0) 12 307 4848
Mobile: +27 (0) 82 652 5145
Group media manager, Sasol Limited
Telephone: +27 (0) 11 441 3543
Mobile +27 (0) 82 329 0186;
1 July 2009
Deutsche Securities (SA) (Proprietary) Limited
Date: 01/07/2009 12:00:03 Supplied by www.sharenet.co.za
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