Warmer glow to Thungela prospects
The commodity company hopes increasing production from its Australian mine will offset a weaker coal market, amid signs of a more nuanced approach to coal
27 June 2024 - 05:00
Thungela Resources is hoping to increase production from a mine it bought in Australia last year by as much as a quarter. If it achieves this stretch target, the JSE-listed coal miner will offset a possible decline in South African production.
Thungela CEO July Ndlovu tells the FM that the firm’s Ensham mine in Queensland could be pushed to 4Mt this year, which compares with production guidance of about 3.2Mt. Thungela could do with the boost...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.