Thungela Resources has picked De Beers executive Moses Madondo to replace July Ndlovu, who is retiring from Aug. 1, the South African thermal coal exporter said on Tuesday. Thungela said in a ...

Anyone involved in running a coal company knows their every ... in 2021 based on what it saw as understated mine rehabilitation costs. In the end Thungela blew these forecasts to smithereens ...

The stock has since ‘normalised’ closer to NAV but the early profit bonanza that drove the share price handed Thungela a cash boost through which it financed the A$335m acquisition in February 2023 of ...

and widespread social and political opposition to the development” of new coal mines. “This provides companies like Thungela, with established high-quality coal operations and access to ...

(Alliance News) - Thungela Resources Ltd said on Monday it has agreed to buy the remaining 15% of Australian-based Ensham coal mine from Bowen Investment (Australia) Pty Ltd from AUD48 million ...

As of June 30, Thungela had 2.7 million tons of coal, nearly a quarter of its export sales, stockpiled at its mines as it struggles to haul them to port. The Johannesburg-based miner expects its ...

Ndlovu, an engineer, has been at the helm of Thungela, which mines coal burned in power stations, since it was spun off from Anglo American in 2021. Prior to that he had headed the Anglo coal ...

Thungela Resources Limited engages in the mining and production of thermal coal in South Africa and Australia. It owns interests in and produces its thermal coal from mining operations ...