Mining News

Increased coal demand buoying Thungela exports, but high costs a challenge

In a pre-close statement on June 13, JSE- and LSE-listed coal miner Thungela CFO Deon Smith said a high average benchmark coal price contributed to strong earnings and cash generation for the miner in the six months to June 30.

The benchmark coal price averaged $266/t for the year to date, compared with $98/t in the first half of 2021.

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