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Thungela: Coal producer derailed by weak market and South African infrastructure
South African coal producer Thungela Resources took a battering ... The firm, which is spun out of FTSE 100-listed miner Anglo American after a demerger in 2022, said today that profit for the ...
Daily Maverick4d
Anglo writes De Beers down by $2.9bn as it prepares to ditch diamond giant
When Anglo spun off South African coal producer Thungela, for example, it had net cash on its balance sheet. Anglo American Platinum will be demerged by June and it is also in a net cash position ...
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Glencore share price impending death cross point to more pain
A good example of this is Anglo American, which separated its coal business into a company known as Thungela Resources in 2021. Since then, Thungela shares have risen by over 500% while Anglo ...