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EXX - Exxaro Resources Limited - Exxaro granted temporary interdict on strike

Release Date: 10/06/2011 17:30:01      Code(s): EXX
EXX - Exxaro Resources Limited - Exxaro granted temporary interdict on strike   
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 GRANTED TEMPORARY INTERDICT ON STRIKE                                    
Exxaro Resources Limited (Exxaro) advises stakeholders that it has today been   
granted a temporary interdict from the Labour Court declaring the strike        
action against the group`s operations unprotected and restraining employees     
from participating in such a strike.                                            
This follows a strike notice being issued by the National Union of Mineworkers  
earlier this week informing that the union intends starting strike action at    
Exxaro operations from Monday 13 June 2011.                                     
The strike action follows a dispute declared by the union regarding Exxaro`s    
restructuring plans. The parties met at the CCMA for conciliation last week,    
however, the matter remained unresolved.                                        
Exxaro submitted that it has exceeded the requirements of the Labour Relations  
Act, including engaging in extensive consultation with unions.                  
The court decision is being communicated to NUM representatives today.          
Exxaro has previously communicated to stakeholders that it is restructuring     
parts of the group to improve productivity, reduce cost of services and         
operations, and streamline its organisational structures.                       
The proposed restructure could lead to about 250 retrenchments but the group    
is doing everything possible to limit the impact on employees and all options   
will be examined.                                                               
The strike action involves all Exxaro operations except the Zincor and Rosh     
Pinah operations which are not included in the restructuring scope.             
Contingency plans are in place to avoid or limit potential disruptions to       
production and product supply and Exxaro will keep stakeholders informed when   
Exxaro remains open to engaging with organised labour to address matters of     
concern relating to the implementation of the restructuring.                    
A return date for having the temporary interdict confirmed has been set for 31  
July 2011.                                                                      
About Exxaro                                                                    
Exxaro is a diversified resources group with interests in the coal, mineral     
sands, base metals, industrial minerals and iron ore commodities.               
Wim de Klerk                                                                    
Finance Director                                                                
Tel: + 27 12 307 3173                                                           
Mobile: +27 82 652 5145                                                         
Email: wim.deklerk@exxxaro.com                                                  
10 June 2011                                                                    
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 10/06/2011 17:30:01 Supplied by www.sharenet.co.za                     
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