(Alliance News) - Thungela Resources Ltd on Monday reported that its interim profit plunged by over two-thirds, prompting the coal producer to slash its dividend as it battled against depressed coal prices and crippling rail constraints in South Africa. Read More
(Alliance News) - Glencore PLC has given Teck Resources Ltd's board something to think about, as it proposed a deal to take the Canadian miner's steel-making coal assets out of its hands. Read More
(Alliance News) - Glencore PLC on Monday said it has mounted a bid to acquire Teck Resources Ltd's steel-making coal business, after previous efforts to capture all of the New York-listed miner were rebuffed. Read More
(Alliance News) - Thungela Resources Ltd on Monday warned it expects interim earnings to tumble as weak demand causes a sharp drop in global coal prices. Read More
(Alliance News) - Thungela Resources on Monday said it delivered an "exceptional" financial performance in 2022, declaring a fat dividend and nearly doubling revenue due to a record coal price. Read More
(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. Read More
(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. Read More
(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. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
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. Read More
(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 Read More
(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. Read More
(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. Read More
