Exxaro Forecasts 12% Coal Export Surge as Iran War Tightens Energy Markets
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Exxaro Resources forecasts coal exports rise up to 12% reaching 8 million metric tons 2026 helped improved freight rail performance energy supply disruptions Middle East conflict push coal prices higher. US-Israel-Iran war since February 28 attacks energy infrastructure freight disruptions tighten global oil liquefied natural gas supply increasing alternative fuels reliance supporting thermal coal demand prices. Benchmark API4 South African coal exports climbed $118/ton vs Exxaro $90/ton 2025 average.
Company ships India Japan Pakistan Europe Africa recorded 2% export rise 2025 South Africa freight rail performance continues improving. Miners including Exxaro help state-owned Transnet raise minerals hauling capacity after years cable theft vandalism. Prolonged regional destabilisation would disrupt energy security bulk shipping tightening supplies boosting coal.
2025 profit rose 8% cost controls offset weaker coal prices headline earnings per share R32.47 ($1.91) up from R30.16 year earlier. Diversified miner declared final dividend R10/share +15% previous payout total shareholder returns R6.3 billion year. ($1 = R16.9595).
