trending Market Intelligence /marketintelligence/en/news-insights/trending/Toti60h0K96PV0BKjpI2Qw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Exxaro prices upsized Tronox share sale

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


Exxaro prices upsized Tronox share sale

Exxaro Resources Ltd. on Oct. 5 announced the pricing of its now upsized public offering of class A shares of Tronox Ltd.

The South African coal miner is now offering 19.5 million shares at US$22 apiece, compared to 16 million shares previously.

In addition, the company granted the underwriters a 30-day option to buy up to an additional 2,925,000 shares at the same price.

Exxaro expects to pocket about US$412 million in net proceeds, or about US$474 million if the underwriters' option is exercised in full, which will be earmarked for capital projects‚ debt repayment and capital returns.

The offer is expected to close Oct. 10.