Bennetor (Ben) Magara has been appointed as the new CEO of Exxaro Resources Limited, effective April 1, 2025. He succeeds acting CEO Riaan Koppeschaar, who will remain as finance director. Magara, a mining veteran with over 35 years of experience, emphasizes the need for diversification into low-carbon minerals. The Exxaro board unanimously supports his appointment, recognizing his extensive expertise and leadership skills in the mining industry.
Bennetor (Ben) Magara has been appointed as the new chief executive officer of Exxaro Resources Limited, effective April 1, 2025. He will succeed the current acting CEO, Riaan Koppeschaar, who will continue in his role as finance director. Magara expressed his honor in assuming this position, emphasizing his intent to leverage Exxaro’s strong coal foundation to diversify the company’s portfolio toward critical low-carbon minerals needed for the future.
Magara has an impressive track record in the mining sector, having worked at major companies including Anglo American Coal. He is particularly recognized for his successful leadership during the stabilization and restructuring of Lonmin Plc, helping it become the world’s largest PGM producer following its sale to Sibanye Stillwater. With over 35 years of experience in both soft and hard rock mining, he possesses extensive industry knowledge. In 2020, he established Africa Mining & Metals Group (AMMG), which focuses on battery and precious metals.
Exxaro chairman Geoffrey Qhena noted that Magara brings significant mining leadership, global governance experience, and a reputation for integrity to the company. Qhena expressed confidence in Magara’s ability to stabilize Exxaro and further its growth and sustainability strategy, supported by his experience as chairman of the Investment Committee. Geraldine Fraser-Moleketi, Exxaro’s lead independent director, praised Magara for his collaborative approach and people skills, indicating the board’s unanimous support for his appointment.
Koppeschaar has been acknowledged for his contribution as acting CEO, demonstrating professionalism and effective leadership. Qhena expressed gratitude for Koppeschaar’s role and confirmed his return to the finance director position following Magara’s appointment.
In conclusion, Bennetor (Ben) Magara’s appointment as CEO marks a significant leadership transition for Exxaro Resources Limited. His extensive experience in the mining industry and prior involvement with the company’s strategic direction are expected to enhance Exxaro’s growth and sustainability efforts. The accolades from the board and the smooth transition from Koppeschaar underline the confidence in Magara’s leadership abilities as Exxaro navigates its future in low-carbon mineral sectors.
Original Source: www.zawya.com
