Johannesburg Stock Exchange-listed coal-mining and energy company Exxaro Resources said on Thursday that it was experiencing higher insurance premiums in the renewal of its insurance policies. In reporting 24% lower net operating profit of R2.4-billion in the six months to June 30 on lower coal prices, Exxaro CEO Mxolisi Mgojo told shareholders and analysts that the climate-change issue would be requiring “much more definite and structural changes in proactive response and actions”. (Also watch attached Creamer Media video.)
