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Exxaro expects higher output, coal capex for FY18

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Diversified miner Exxaro Resources expects to increase its production by 3% year-on-year for the 2018 financial year. FD Riaan Koppeschaar reported in an update to shareholders on Wednesday that its thermal coal production from the Waterberg is likely to increase by 15% year-on-year, in line with demand from power utility Eskom, as well as strategic stockpiling for the implementation of the Grootegeluk 6 (GG6) expansion project.














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