Exxaro Resources has successfully divested its stake in Exxaro FerroAlloys to a consortium led by EverSeed Energy and FerroAlloys employees for R250 million, promoting empowerment and positioning FerroAlloys for future growth in international markets.

Target Information

Exxaro Resources has successfully completed the sale of its entire stake in Exxaro FerroAlloys Proprietary Limited to a consortium that includes FerroAlloys employees, FerroAlloys Management, and EverSeed Energy Proprietary Limited, through its wholly-owned subsidiary, EverSeed Metal Powders Proprietary Limited. The transaction amount is R250 million, and EverSeed is notable for being a 100% black-owned investor and operator in the resources and energy sectors, with a robust track record of developing projects in Southern Africa, Europe, and North America.

FerroAlloys operates as a South African producer of ferrosilicon, catering to a well-established domestic clientele and holding an active export license. With international markets seen as the next growth frontier, this transaction strategically positions FerroAlloys to extend its reach and improve its competitiveness within global supply chains.

Industry Overview in South Africa

The ferrosilicon industry in South Africa plays a critical role in the overall steel manufacturing process, contributing to both local and international markets. The country’s robust mining sector supports