Exxaro Resources has announced the successful completion of the sale of its entire shareholding in Exxaro FerroAlloys Proprietary Limited to a consortium made up of FerroAlloys employees, FerroAlloys Management, and EverSeed Energy Proprietary Limited, through its wholly owned subsidiary EverSeed Metal Powders Proprietary Limited, for R250 million. EverSeed is a 100% black-owned investor and operator in the resources and energy sectors with a track record for developing projects across Southern Africa, Europe and North America.
FerroAlloys is a South African-based producer of ferrosilicon, serving a well-established domestic customer base and holding an active export licence. With international markets identified as the next growth frontier, the transaction positions FerroAlloys to expand its footprint and enhance its competitiveness in global supply chains.
The transaction, which was finalised on 31 October 2025, was funded through a combination of purchasers’ equity, commercial debt and vendor finance.
The post-transaction ownership structure of FerroAlloys will be: