In the Finance Director’s 2H14 Pre-Close Message published by Exxaro Resources Limited (Exxaro) on the Stock Exchange News Service (SENS) yesterday, 1 December 2014, the company included summarised details on the findings of an independent review of the Mayoko Iron Ore Project investment. Also included was the announcement that Mr Ernst Venter, currently the executive head for Growth, Technology, Projects, Services and Ferrous, will be leaving Exxaro employment at the end of February 2015 to pursue other career opportunities.
Exxaro wishes to draw the attention of stakeholders to the fact that there is no correlation between the findings of the review and the departure of Mr Venter from the company.
Mr Venter served Exxaro with distinction and prior to Exxaro, Kumba and Iscor, for a total of 40 years. The executive committee and the board of directors of Exxaro expressed their sincere appreciation for his contribution during his 40 years.
Exxaro is one of the largest South African based diversified resources companies, with interests in the Coal, Titanium Dioxide, Iron ore and Energy commodities. www.exxaro.com
Executive Head: Strategy & Corporate Affairs
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