(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
(Alliance News) - Thungela Resources Ltd said on Monday profit rose multifold as record high coal prices helped offset rail constraints in South Africa. Read More
(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. Read More
(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. Read More
(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. Read More
(Alliance News) - Glencore PLC said on Thursday its "responsible stewardship" of coal assets was the "correct" way to meet its green ambitions, reaffirming its commitment to slash its carbon emissions footprint and become net-zero by 2050. Read More
(Alliance News) - Exxaro Resources Ltd said on Thursday it was of the view that challenges the state-run logistics firm Transnet SOC Ltd faced did not constitute force majeure. Read More
(Alliance News) - Thungela Resources Ltd reported Thursday it did not expect a "material impact" on its performance even though the state-run logistics firm Transnet SOC Ltd operates under force majeure. Read More
(Alliance News) - Ascential PLC entertained the idea of a possible split on Monday, lifting the Cannes Lions owner's shares and stoking speculation it will become the latest London-listing to turn to a separation. Read More
