Exxaro Resources, one of South Africa’s largest mining companies valued at R53 billion, has appointed seasoned mining executive Ben Magara as its new CEO, effective April 1, 2025 . The appointment follows the resignation of Nombasa Tsengwa, who stepped down earlier this year amid a turbulent period for the company .
Magara, known for his leadership in stabilizing and restructuring large-scale mining operations, brings a wealth of experience to his new role. His tenure at Lonmin, where he successfully navigated operational challenges before its sale, highlights his ability to drive growth and operational excellence . Exxaro’s board expressed confidence in Magara’s expertise, citing his track record of strategic leadership across multiple large mining ventures .
The appointment comes at a critical juncture for Exxaro, which is grappling with a profit slump amid broader economic pressures in the mining sector . As the company seeks to diversify its portfolio and expand into new markets, Magara’s leadership will be pivotal in steering the mining giant through this period of transformation .
With his extensive background in the industry, including roles at Anglo American and Lonmin, Magara is expected to implement measures aimed at revitalizing Exxaro’s performance while addressing sustainability and operational efficiency . His appointment signals a renewed focus on long-term growth and stability for the R53 billion mining powerhouse .
