Exxaro May Return To SA Coal Projects If It Fails To Diversify

EXXARO Resources could develop more of its coal resources in the event it failed to find assets for diversification.

The coal miner has been looking for non-coal assets since 2021, especially copper, vanadium and manganese, but it hasn’t yet acquired anything as yet. It recently decided to broaden its search to include other battery mineral assets and has set aside up to R12bn to R15bn for an acquisition.

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