An update from Thungela Resources Limited ( (GB:TGA) ) is now available.
Thungela Resources Limited has announced the acquisition of the remaining shareholding interests in the Ensham coal mine business, resulting in full ownership. This strategic move aligns with Thungela’s geographic diversification strategy and is expected to enhance its market presence and financial performance by expanding its customer base and exposure to the Newcastle Benchmark coal price.
More about Thungela Resources Limited
Thungela Resources Limited is a company incorporated in South Africa, operating primarily in the coal mining industry. The company focuses on geographic diversification, particularly into Australia, enhancing its production profile and earnings by selling coal into new markets such as Japan and Malaysia.
YTD Price Performance: -18.94%
Average Trading Volume: 131,542
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £663.8M
For a thorough assessment of TGA stock, go to TipRanks’ Stock Analysis page.