The reduction, revealed on Wednesday, is attributed to persistent challenges in the country’s freight rail services.
Thungela Resources
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Under Ndlovu’s leadership, Thungela has evolved to the forefront of the market, excelling in the production and export of high-quality, low-cost thermal …
- Southern Africa
South African executive July Ndlovu drives Thungela’s expansion despite declining demand
Ndlovu drives Thungela’s expansion despite declining demand.
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Ndlovu owns a minuscule yet lucrative 0.74-percent stake in Thungela Resources.
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Ndlovu’s 0.74-percent stake in Thungela Resources is valued at $17 million.
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Thungela is a leading pure-play producer and exporter of high-quality, low-cost thermal coal.
- Hot News
July Ndlovu’s Thungela Resources declares solid interim dividend
by Ishioma Emiby Ishioma EmiThe news comes after its successful listing on the Johannesburg Stock Exchange and London Stock Exchange on June 7.
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Thungela’s listing follows the demerger of Anglo American’s thermal coal operations in South Africa.