Exxaro resources said domestic coal demand has remained resilient in the six months to June 30, 2026, supported by stable offtake performance. This was attributed to proactive marketing strategies and effective customer relationship management during a period of heightened uncertainty, he said.
Exxaro Resources has marked higher coal production in its first half amid higher prices, this year's R5.5 billion manganese acquisition Tshipi Borwa Mine is operating well, but the group continues to face rail transport challenges.
The company’s financial director, Riaan Koppeschaar, shared these insights during an update to shareholders, highlighting both achievements and ongoing challenges.
Koppeschaar reported they anticipate a 10% increase in total coal production and a 6% rise in sales volumes for the six months to June 30, 2026.
The average benchmark API4 Richards Bay Coal Terminal (RBCT) export price also showed a rise, expected to average $105 per ton, an increase from $92 per ton in the first half of 2025. This reflects a responsiveness to the global market’s shifts, despite continuing logistical challenges.
