JOHANNESBURG (Reuters) -Exxaro Resources, a South African coal miner, said it has appointed veteran mining executive Ben Magara as its new CEO following the departure of Nombasa Tsengwa. Magara, a former CEO of platinum miner Lonmin and a former executive at Anglo American,

Exxaro Resources faces headwinds as domestic coal demand decreases, though export volumes show promise. With new CEO Ben Magara set to take over in April, the mining giant reports a 22% decrease in EBITDA despite a 5% revenue increase.

Exxaro Resources appointed Ben Magara as chief executive officer, a month after the previous leader of the South African coal miner resigned.

Exxaro Resources , a South African coal miner, said it has appointed veteran mining executive Ben Magara as its new CEO following the departure of Nombasa Tsengwa.

Exxaro has appointed seasoned mining executive Ben Magara as its new CEO, replacing Nombasa Tsengwa, who resigned under a cloud in February. Magara will take over as CEO on 1 April 2025 and will be supported by Finance Director Riaan Koppeschaar, who has served as interim CEO.