Tag: Thungela Resources

South Africa’s Thungela posts $85.7 million profit as coal prices rise

Thungela reports an 85.7 million dollar profit as higher coal prices and stronger production lift earnings and dividend.

Omokolade Ajayi Omokolade Ajayi

JPMorgan cuts Thungela stake amid coal valuation pressures

JPMorgan slashes Thungela stake to 4.04% amid falling coal prices, weak returns, and investor caution.

Feyisayo Ajayi Feyisayo Ajayi