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April 2015
MODERN MINING
13
MINING News
Sipho Nkosi to retire as Chief Executive of Exxaro
Exxaro has announced that its CEO, Sipho
Nkosi, will retire on 31 March 2016. He was
instrumental in the formation of Exxaro
which involved the merger of Kumba’s coal,
mineral sands and base metals assets with
Eyesizwe Coal, a company he had previously
formed with others. Nkosi has led Exxaro
since November 2007, a year after it listed
on the JSE. Under his leadership, Exxaro
has developed into one of the largest and
foremost black-owned, South African-based
diversified resources companies.
Mxolisi Mgojo, currently Exxaro’s execu-
tive responsible for carbon operations, has
been appointed to serve as CEO-designate
in a transition period effective from 1 May
2015 until 31 March 2016 when his appoint-
ment as CEO will become effective.
Prior to assuming his current position in
August 2008, Mgojo was an Executive GM
responsible for Exxaro’s base metals and
industrial minerals commodity business.
Leading up to the formation of Exxaro, he
was a founding member of Eyesizwe Coal,
and served as marketing and logistics direc-
tor at the company.
He is 54 years of age and has more than
20 years of experience in the operational,
financial, logistics and marketing arenas,
predominantly in the investment banking
and resources sectors. He holds a BSc in com-
puter science, an honours degree in energy
studies and an MBA and has completed an
Advanced Management Programme.
DRA has announced that it has been
appointed as Lead Study Manager for
the definitive feasibility study (DFS) of
the Triton Mozambique Graphite (TMG)
project by ASX-listed Triton Minerals. The
project incorporates the Nicanda Hill/
Cobra Plains, Ancuabe and Balama proj-
ects located in Cabo Delgado Province.
Nicanda Hill is reportedly the world’s
largest known graphite deposit, com-
prising 1 457 Mt at 10,7 % total graphitic
carbon (TGC) and 0,27 % vanadium pent-
oxide, classified as indicated and inferred.
Metallurgical testwork has shown that
high purity graphite concentrate of 94 to
97 %may be produced by simple flotation.
Both Ancuabe and Balama South contain
some of the world’s highest quality jumbo
flake graphite.
DRA’s Perth office will coordinate and
manage the overall DFS, complemented
by its Perth-based mining engineering
partner ORElogy. In addition, services will
be provided by several groups within the
DRA Pacific awarded DFS by Triton Minerals
Johannesburg office of DRA, covering
areas such as infrastructure, logistics, trans-
portation and regional cost estimation.
Other specialist consultants have been
appointed directly by Triton, including
Environmental Coastal Services for envi-
ronmental studies and Golder Associates
for tailings storage facility studies.