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EXX - Exxaro - Exxaro Withdraws From Igoda Coal Export Venture EXXARO RESOURCES LIMITED (Incorporated in the Republic of South Africa) Registration number: 2000/011076/06 JSE share code: EXX ISIN: ZAE000084992 ADR code: EXXAY ("Exxaro") EXXARO WITHDRAWS FROM IGODA COAL EXPORT VENTURE Diversified South African-based resources company Exxaro today announced that it has withdrawn from the Igoda coal export venture with Sasol Mining. The decision follows a review and prioritisation by Exxaro of its capital expenditure and project pipeline following the global economic downturn. "As we communicated during the presentation of our interim financial results last month, Exxaro has reduced its project pipeline and will focus on the successful implementation of committed and board-approved projects, an example being the expansion of the Grootegeluk mine to supply Eskom`s Medupi power station," said Sipho Nkosi, Exxaro chief executive officer. The Igoda transaction, an empowerment venture between Eyesizwe Coal (now Exxaro) and Sasol Mining, was formed in 2006 and was part of Sasol Mining`s broad-based empowerment strategy. "While it is disappointing that the partnership with Igoda Coal is no longer viable for Exxaro, we understand the impact of the tough market conditions and recognise many companies are facing difficult decisions regarding their future investment options," said Hermann Wenhold, Sasol Mining managing director. Ends About Exxaro: Exxaro is one of the largest South African-based resources companies with interests in the coal, mineral sands, base metals and iron ore commodities. www.exxaro.com Enquiries: Wim de Klerk Financial director Tel: + 27 12 307 4848 Mobile: +27 82 652 5145 Email: wim.deklerk@exxaro.com 14 September 2009 Pretoria Sponsor Deutsche Securities (SA) (Proprietary) Limited Date: 14/09/2009 10:00:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
