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The urgency that coal companies might have felt a few years ago to diversify away from this commodity has subsided somewhat over the past two years in the wake of the energy crises that affected Europe and parts of Asia from mid-2021 until late 2022.

This shift in sentiment, said Exxaro Resources CEO Nombasa Tsengwa, has allowed the coal miner more time to make decisions about possible acquisitions in the renewable energy and metals industries…