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[Ferro-Alloys.com] Exxaro concludes the acquisition of select manganese assets from Ntsimbintle Holdings and OMH

Exxaro is pleased to announce that it has successfully concluded the acquisition of select manganese assets from Ntsimbintle Holdings and OMH, making it a globally meaningful manganese player. Following the fulfilment of all suspensive conditions, with the exception of Mokala, the transaction was implemented today, and R10.6 billion total consideration was transferred to the sellers in cash funded through our available cash reserves.

First sale transaction and OMH Transaction Closing

As previously announced on 29 January 2026, all the suspensive conditions relating to the First Sale Transaction and OMH Transaction have been fulfilled and/or waived. Accordingly, the First Sale Transaction and OMH Transaction have been implemented and closed on Friday, 27 February 2026.

Following implementation of the First Sale Transaction and OMH Transaction, Exxaro (through its wholly-owned subsidiary),(“The Purchaser”) now holds an effective equity interest in the manganese assets as follows:

“We are proud to have successfully concluded this landmark transaction, which brings meaningful benefit to Ntsimbintle’s shareholders, stakeholders, and to South Africa as a whole. Two leading black economic empowerment companies have worked together to create an opportunity where Exxaro becomes a natural resources champion and will be further strengthened through the acquisition of Ntsimbintle Holdings’ world-class manganese assets. We are confident that Exxaro shares our commitment to transformation, sustainable growth, and long-term investment in South Africa’s mining sector” said Saki Macozoma, Chairman of Ntsimbintle Holdings and Tshipi.

As we reflect on Exxaro’s 20 years of existence, we are looking forward to powering possibility in the Northern Cape, for decades to come.

• [Editor:tianyawei]