Exxaro appoints Magara as new CEO, brings wealth of mining leadership experience

Exxaro Resources Limited, a leading South African mining company, has announced the appointment of Bennetor ‘Ben’ Magara as its new Chief Executive Officer.

Magara, a qualified Mining Engineer with over 35 years of industry experience, will take over the role from Acting CEO Riaan Koppeschaar effective April 1, 2025.

Magara is a highly regarded mining veteran known for his strategic leadership and operational excellence in the industry.

He has held key positions at major mining operations, including his successful turnaround of Lonmin Plc, which was later acquired by Sibanye Stillwater.

In 2020, Magara founded Africa Mining & Metals Group (AMMG), focusing on battery metals and precious metals.

Geoffrey Qhena, Exxaro’s Chairman, expressed confidence in Magara’s ability to lead the company forward, stating,

“Ben Magara brings a wealth of mining leadership, global board, and governance experience to Exxaro along with a reputation for impeccable integrity. We are confident Ben will stabilise the organisation and continue to drive forward our growth and sustainability strategy.”

Magara’s appointment had the unanimous support of the Board, with lead independent director Geraldine Fraser-Moleketi praising his people skills, teamwork, and collaboration emphasis.

Magara himself expressed his excitement for the opportunity to expand Exxaro’s portfolio towards low-carbon minerals essential for the future, aligning with the company’s diversification strategy.

The Board also expressed gratitude to Acting CEO Riaan Koppeschaar for his role during the transition, stating, “His professionalism, leadership, and impact are much appreciated. Riaan will now revert to his role as finance director.”

Magara’s appointment signifies Exxaro’s commitment to driving sustainable growth and value for its stakeholders, balancing profitability with environmental and social sustainability in the mining.