Thungela Resources Share News (TGA)

Thungela buys into "highly cash generative" thermal coal asset

(Alliance News) - Thungela Resources Ltd on Friday said it has agreed to acquire a majority interest in Sungela Holdings Pty Ltd.

TOP NEWS: Thungela to take ZAR1 billion hit, but earnings seen strong

(Alliance News) - Thungela Resources Ltd said on Thursday it will take an estimated ZAR1.1 billion hit from the closure of parts of its Khwezela mine, but indicated that it expected another strong performance for 2022 despite rail constraints in South Africa.

Thungela buys remaining stake in Anglo American Inyosi Coal for shares

(Alliance News) - Thungela Resources Ltd said on Thursday it had reached an agreement with its black economic empowerment partner Inyosi Coal Pty Ltd to acquire the remaining interest in Anglo American Inyosi Coal Pty Ltd in exchange for shares in Thungela.

TOP NEWS: Thungela warns of production halt as Transnet strike starts

(Alliance News) - Thungela Resources Ltd warned on Thursday that a prolonged strike at the South African state-owned logistics group may force the company to curtail production.

TRADING UPDATES: H&T plans raise; Joules turnaround continues

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Thungela Resources CFO Smith sells ZAR22.7 million shares

Thungela Resources Ltd - South Africa-based thermal coal exporter - Chief Financial Officer Gideon Frederick Smith sells 60,000 shares, mostly at average price of ZAR379.83 each, for total of ZAR22.7 million, around GBP1.1 million. The sale occurred across three transactions on Monday and Tuesday of this week and Friday last week.

Thungela inks three-year wage deal after "constructive" talks

(Alliance News) - Thungela Resources Ltd said on Tuesday it had signed a three-year wage agreement with the National Union of Mineworkers, which represents 86% of unionised employees at the Rosebank-based coal miner

JOHANNESBURG MARKET MIDDAY: Top 40 stays up despite wholesale data

(Alliance News) - Stocks in Johannesburg remained mixed in midday trade on Thursday, as disappointing wholesale data failed to lift the mood after the latest monetary policy meeting minutes from the Federal Open Market Committee.

Thungela, Transnet agree to amend long-term coal transportation deal

(Alliance News) - Thungela Resources Ltd said on Thursday it had signed an agreement with the state-owned transport utility Transnet SOC Ltd, changing terms of the existing long-term coal transportation agreement.

TOP NEWS: Thungela interim profit multiplies as coal prices hit record

(Alliance News) - Thungela Resources Ltd said on Monday profit rose multifold as record high coal prices helped offset rail constraints in South Africa.

LONDON MARKET OPEN: Europe treads water after weak China data

(Alliance News) - European equities made an uncertain start to the new trading week, after poor data from China and a shock cut to a key interest rate by the nation's central bank.

LONDON MARKET PRE-OPEN: Phoenix in record half-year cash generation

(Alliance News) - Stock prices in London are seen opening higher on Monday, though equities in China were showing signs of late weakness after poorer than expected retail sales data from the world's second-largest economy.

Thungela expects skyrocketing coal prices to fuel interim earnings

(Alliance News) - Thungela Resources Ltd expects its first-half earnings to surge as a result of robust international coal prices.

Thungela forecasts maiden interim dividend on robust coal prices

(Alliance News) - Thungela Resources Ltd on Monday predicted a maiden interim dividend on the back of strong coal prices and robust earnings, which have helped blunt rail constraints in South Africa.

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