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Thungela Resources Limited ( (GB:TGA) ) just unveiled an update.
Thungela Resources Limited has announced the acquisition of the remaining 15% interest in the Ensham Business from Bowen Investment for AUD48 million, enhancing its geographic diversification strategy. The transaction is expected to streamline operations and increase profitability by leveraging Thungela’s technical and marketing capabilities, contributing significantly to the company’s profit by the end of 2024.
More about Thungela Resources Limited
Thungela Resources Limited is a mining company based in South Africa, primarily focusing on coal production. The company has expanded its operations to Australia, enhancing its production profile and market reach, particularly in Japan and Malaysia.
YTD Price Performance: -1.39%
Average Trading Volume: 150,137
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £814.7M
For an in-depth examination of TGA stock, go to TipRanks’ Stock Analysis page.
