{"id":11334,"date":"2012-06-11T11:07:39","date_gmt":"2012-06-11T09:07:39","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/update-1-exxaro-to-list-new-tronox-in-new-york-next-week\/"},"modified":"2012-06-11T11:07:39","modified_gmt":"2012-06-11T09:07:39","slug":"update-1-exxaro-to-list-new-tronox-in-new-york-next-week","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-exxaro-to-list-new-tronox-in-new-york-next-week\/","title":{"rendered":"UPDATE 1-Exxaro to list New Tronox in New York next week"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, June 11<\/span> (Reuters) &#8211; South African diversified<br \/>\nminer Exxaro said on Monday it would list New Tronox,<br \/>\nits $3.4 billion paint-making ingredient joint venture, on the<br \/>\nNew York Stock Exchange next week.<\/p>\n<p><span><\/span><\/p>\n<p>Exxaro, whose main focus is the production of coal, said<br \/>\nlast year it would sell its mineral sands operations to<br \/>\nU.S.-based pigment producer Tronox for a 38.5 percent<br \/>\nstake in the new entity.<\/p>\n<p><span><\/span><\/p>\n<p>The company said the deal was expected to close on June 15<br \/>\nand it would then list shares of New Tronox on the New York<br \/>\nStock Exchange on June 18.<\/p>\n<p><span><\/span><\/p>\n<p>Exxaro said Tronox would employ about 3,500 people in 16<br \/>\ncountries, including the United States, South Africa, Australia<br \/>\nand the Netherlands.<\/p>\n<p><span><\/span><\/p>\n<p>Mineral sands include titanium dioxide feedstock, which is<br \/>\nused to make paint, and zircon, needed to produce ceramic tiles.<\/p>\n<p><span><\/span><\/p>\n<p>In a separate deal, Exxaro said it had completed the sale of<br \/>\nits 50.04 percent stake in the Rosh Pinah zinc and lead mine in<br \/>\nNamibia to commodities trader Glencore for 931 million<br \/>\nrand ($110 million).<\/p>\n<p><span><\/span><\/p>\n<p>Exxaro has said it wanted to exit the zinc business and<br \/>\nfocus on more lucrative parts of its operations such as coal and<br \/>\niron ore.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG, June 11 (Reuters) &#8211; South African diversified miner Exxaro said on Monday it would list New Tronox, its $3.4 billion paint-making ingredient joint venture, on the New York Stock Exchange next week. Exxaro, whose main focus is the production of coal, said last year it would sell its mineral sands operations to U.S.-based pigment [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11334","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11334"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11334\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}