Mining News

Thermal coal price recovery buoys Thungela maiden interim

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New coal mining company Thungela Resources on Friday reported interim results for the six months ended June 30 after one month of operating as an independent business. Thungela generated half-year operating profit of R990-million, adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) close to R1.9-billion, and a net cash position of R3-billion.