The transaction, announced this week, involves Exxaro’s ferrosilicon production assets, which were classified as non-core to the group’s evolving business portfolio.
The deal includes all related infrastructure and operations previously managed under Exxaro FerroAlloys (Pty) Ltd.
In a statement, Exxaro said the sale aligns with its broader ambition to pivot toward green energy and sustainable mining investments, emphasizing sectors such as coal, renewable energy, and green metals.
“Divesting from non-core operations allows us to allocate capital more efficiently toward initiatives that support our long-term growth and sustainability strategy,” the company noted.
Exxaro has been steadily reshaping its portfolio over recent years, responding to shifting global demand and increasing pressure on mining firms to decarbonize.
The move to exit the ferroalloys sector underscores its focus on building a low-carbon future while maintaining profitability in its core segments.
For EverSeed Capital, the acquisition provides an opportunity to expand its footprint in the minerals processing space.
Industry analysts say the transaction represents a “win-win” scenario—offloading a small but complex division from Exxaro’s books while giving EverSeed a strategic entry point into ferrosilicon production.
The R250 million deal is expected to have a limited financial impact on Exxaro’s balance sheet but will reinforce its transformation agenda and sharpen its operational focus.
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