Exxaro records mixed performance in year-to-date

A slowdown in global economic growth, supply-side disruptions, escalating US-China trade tensions and energy transition themes have, in the year-to-date, all impacted on the commodities that diversified miner Exxaro Resources produces. In a pre-closed-period trading update for the financial year ending December 31, published on Wednesday, the company said its coal business had been performing well so far, with a 2% decrease in production volumes forecast for the full-year, despite the estimated 6% decrease in coal demand from embattled State-owned power utility Eskom’s Medupi power station, in Limpopo.