Ben Magara : a seasoned leader at the helm of Exxaro Resources
With more than 35 years of experience in the mining industry, Ben Magara is set to take the reins of Exxaro Resources as CEO on April 1, 2025. His expertise and strategic vision will be essential in guiding the company toward greater diversification and a sustainable energy transition.
A trained mining engineer, Ben Magara has established himself over the decades as a key figure in the mining sector. His expertise spans both soft and hard mineral extraction, as well as the management of major international mining operations. His career ascent has led him to lead several major industry players, including Anglo American Coal and Lonmin, one of the world’s largest platinum producers.
His name remains associated with a critical period in Lonmin’s history. In 2013, he took the helm of the company in a particularly challenging context, one year after the Marikana massacre that shook South Africa. His mission: to turn the company around, restore trust, and inject new momentum into a struggling structure. His commitment to stability and sustainable growth was praised by many industry observers.
A strategic appointment for Exxaro Resources
Exxaro Resources, one of Africa’s leading coal producers, has announced the appointment of Ben Magara as CEO, a decision that received unanimous approval from the board of directors. He will succeed Riaan Koppeschaar, interim CEO since December 2024, who will resume his role as Chief Financial Officer.
Exxaro’s Chairman, Geoffrey Qhena, highlighted Magara’s extensive experience, deep understanding of the company’s workings, and ability to stabilize and energize the organization. “We are confident that Ben will not only ensure the company’s stability but also drive our growth and sustainability strategy. His experience as chairman of our investment committee is a major asset,” said Qhena.
A turning point for Exxaro: Diversification and energy transition
Under Ben Magara’s leadership, Exxaro aims to accelerate its transition toward a more diversified and sustainable model. Historically focused on coal, the company is looking to invest more in critical minerals for low-carbon energy as well as in renewable solutions.
Magara himself expressed his enthusiasm for taking on this challenge. “I am honored to join Exxaro as CEO and excited to contribute to the diversification of our portfolio. We must capitalize on our strong foundation in coal while strategically investing in the minerals of the future. Our goal is to ensure sustainable profitability while honoring our environmental and social commitments,” he stated.
He is ready to take the helm of the company and lead Exxaro to new heights
Magara’s appointment is seen as a major opportunity for Exxaro, both in terms of governance and management. Geraldine Fraser-Moleketi, Lead Independent Director and a member of the nomination committee, highlighted his talent for team management and his collaborative spirit. “He is a leader recognized for his human skills and team spirit. He is ready to take the helm of the company and lead Exxaro to new heights,” she affirmed.
With his experience and vision, Ben Magara is set to write a new chapter in Exxaro Resources’ history, in a sector undergoing profound transformation.
