June 25, 2020 / 5:20 AM / 12 days ago

BRIEF-Exxaro Resources Says FY20 Capex Expected To Be 15% Lower Than Prior Guidance

June 25 (Reuters) - Exxaro Resources Ltd:

* EXXARO - HY TOTAL COAL PRODUCTION (EXCLUDING BUY-INS) AND SALES VOLUMES ARE BOTH EXPECTED TO DECREASE BY 1% AND 2% RESPECTIVELY,

* EXXARO - EXPECT CAPITAL EXPENDITURE FOR 1H20 IN OUR COAL BUSINESS TO DECREASE BY 61% COMPARED TO 2H19

* EXXARO - FY20 CAPEX IS EXPECTED TO BE 15% LOWER THAN GUIDANCE PROVIDED IN MARCH 2020,

* EXXARO - EXPECT DOMESTIC COAL DEMAND TO SHOW A GRADUAL RECOVERY

* EXXARO - WHILE WE EXPECT TO ACHIEVE HIGHER EXPORT VOLUMES, THIS IS OFFSET BY LOWER COMMERCIAL DOMESTIC SALES VOLUMES

* EXXARO - DO NOT EXPECT TO CLAW BACK ON SALES LOST DURING PAST FEW MONTHS Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below