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EXX - Exxaro Resources Limited - News Release

Release Date: 07/03/2008 14:45
Code(s): EXX
Wrap Text

EXX - Exxaro Resources Limited - News Release EXXARO RESOURCES LIMITED (formerly Kumba 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 KZN SANDS - FURNACE INCIDENT Diversified resources group Exxaro Resources Limited (Exxaro) regrets to report that a water ingress incident has resulted in substantial damage to Furnace 2 at the KZN Sands Empangeni central processing complex. No one was injured during the incident. The incident and extent of the resultant damage is the subject of a detailed investigation at present. The incident has resulted in Furnace 2 being shut down. As communicated on 21 February 2008, Furnace 2 was due for a scheduled maintenance shut beginning in June 2008. The incident will require this planned four month shut to be brought forward. Preliminary estimates suggest that the repairs to the furnace will increase the total downtime by a further four months, including a one month ramp-up period. Although Furnace 1 is fully operational, the outage at Furnace 2 is expected to result in significant lower production of both slag and low manganese pig iron in 2008 when compared to the 2007 financial year. ends 7 March 2008 Sponsor - JP Morgan Equities Editor`s Note: Exxaro is a diversified resources group with interests in the coal, mineral sands, base metals, industrial minerals and iron ore commodities. www.exxaro.com Enquiries: Trevor Arran General Manager: Corporate Affairs & Investor Relations Tel: +27 (0) 12 307 3292 Mobile: +27 (0) 83 609 1444 Date: 07/03/2008 14:45:37 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.