Exxaro Resources full-year profit rises 8% on cost controls
South African miner Exxaro Resources reported an 8% increase in annual profit on Thursday. Effective cost controls helped the company offset lower coal prices.
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The mining group EXXARO RESOURCES LTD has reported an 8% rise in its annual profit, driven by effective cost management that helped counter the impact of lower coal prices. Headquartered in South Africa, the company saw its headline earnings per share (HEPS) increase to 32.47 rand ($1.91) for the year ending December 31, up from 30.16 rand in the previous year.
