Exxaro mulling exit from struggling zinc producer Black Mountain

Diversified miner Exxaro has opened the door to a possible disposal of its 24.4% stake in Black Mountain Mining. On Thursday, Exxaro announced that group headline earnings per share, a key profit measure, fell 20% to R13.77 due to weaker contributions from Black Mountain and Sishen Iron Ore Company (SIOC) where it holds a minority stake alongside Kumba Iron Ore. Black Mountain’s profits dropped in…