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EXX - Exxaro Partners Sasol Mining In JV To Supply Potential New Coal-To-Liquids

Release Date: 01/07/2009 12:00:04      Code(s): EXX
EXX - Exxaro Partners Sasol Mining In JV To Supply Potential New Coal-To-Liquids
News Release                                                                    
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")                                                     
TO-LIQUIDS PLANT                                                                
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                                                                    
Financial director                                                              
Telephone: +27 (0) 12 307 4848                                                  
Mobile: +27 (0) 82 652 5145                                                     
Email: wim.deklerk@exxaro.com                                                   
Nothemba Noruwana                                                               
Group media manager, Sasol Limited                                              
Telephone: +27 (0) 11 441 3543                                                  
Mobile +27 (0) 82 329 0186;                                                     
Email: Nothemba.noruwana@sasol.com                                              
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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