Latest news with #ThungelaResources
IOL News
26-06-2025
- Business
- IOL News
Thungela Resources navigates coal production hurdles amid global economic challenges
Thungela Resources, the thermal coal-mining group said its Goedehoop and Isibonelo mines are approaching the end of their life of mine. As a result, a restructuring process had started at these operations during the six months to June 30, 2025. Image: Bloomberg Thungela Resources management on Thursday said coal production in South Africa during the six months to June 30 was bolstered by incremental underground production. However, the opencast operations, primarily at Isibonelo and Khwezela, were impacted by higher-than-expected rainfall, the chief financial officer Deon Smith said in a pre-close statement. In Australia, production and export saleable product qualities in the first half were affected by challenging geology. Smith said Thursday that production is expected to improve in the second half of the year. The share price fell by 4.81% on the JSE to R82.91 in the afternoon, continuing a decline from R111.46 a year ago. Smith said they remained disciplined in executing strategy amid a challenging operating environment, characterised by volatile coal prices and fluctuating foreign exchange rates. In South Africa, the Elders project began to produce export saleable production, while the Zibulo North Shaft project was on budget and on schedule for completion in 2026. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ In Australia, the remaining stake in Ensham was acquired from co-investors. Transnet Freight Rail (TFR) performance continued to benefit from industry collaborative efforts. Rail performance from January 2025 to May 2025 was 55.5 million tons for the industry, reflecting a 17% improvement on the first half of 2024. 'The improved performance is mainly due to fewer security-related issues and improved locomotive availability and reliability, largely thanks to the additional locomotives introduced onto the North Corridor coal line. The signaling project is expected to commence in the second half, which should further enhance rail performance in 2026,' management stated. The threat of higher tariffs and resultant instability in global trade had caused disruptions among the largest economies, constraining global economic growth and impacting energy markets. Conflicts in Eastern Europe and the Middle East were disrupting supply chains and contributing to commodity price volatility. Thermal coal prices had declined since the latter part of 2024, reflecting shifts in demand and supply. Demand had slowed due to the global economic downturn, coupled with big stockpiles across major export hubs, particularly in India and China. Imports into these regions are further impacted by increases in domestic coal production for power generation and industrial use. Export saleable production in South Africa was expected to be approximately 6.4 million tons for the first half of 2025, compared to 6.2 million tons in the first half of 2024. The increase in production is mainly due to improved rail performance and incremental production at the group's underground operations. Full-year production guidance remained appropriate, with further improvements expected in the second half. Export saleable production at Ensham was anticipated to be about 1.6 million tons (on a 100% basis), compared to 2.1 million tons (on a 100% basis) in the first half of 2024, as a result of developments through more challenging geological conditions in the first half of the year. The share buyback announced in March 2025 was completed for a total of R328m, and dividends of R1.4 billion were distributed to shareholders in the first half of 2025. 'We expect to continue to reserve about R800m at the end of June for the completion of our life extension projects, as well as the Lephalale Coal Bed Methane project. The capital allocation framework also seeks to cash collateralise our environmental liabilities over time; we have contributed a further R188m to the green fund in South Africa,' Smith stated. Net cash at 30 June 2025, excluding cash pertaining to the Ensham fixed price contracts yet to be finalised, was expected to range between R5.9bn and R6.1bn. Additionally, there were undrawn facilities of R3.2bn. Goedehoop and Isibonelo mines were approaching the end of their life of mine. As a result, a restructuring had begun at these operations. The interim results are anticipated to be released on 18 August 2025. Visit:
Bloomberg
26-06-2025
- Business
- Bloomberg
Transnet Coal Shipments Rise as Security Improves, Thungela Says
South Africa's state logistics company has ramped up deliveries of coal on the country's main export rail line after addressing operational and security-related issues, according to Thungela Resources Ltd. Transnet SOC Ltd. is on track to transport 55.5 million tons of coal from mines to the Richards Bay export terminal this year, which would be about 7% more than in 2024, Thungela said in a trading statement on Thursday. Shipments of the fuel from the terminal, Africa's biggest, rose for the first time in seven years in 2024.
The Citizen
23-06-2025
- The Citizen
No trace of 2 men believed to be trapped in Clewer mine shaft
No trace of 2 men believed to be trapped in Clewer mine shaft A tense and desperate search continues for two men believed to be trapped deep inside a sealed-off abandoned mine shaft near Clewer. Among the missing is 45-year-old Tshepo Motsiye, who vanished over two weeks ago after reportedly entering the disused Greenside Colliery mine for illegal mining activities. Since their disappearance on June 13, families, police, mine officials, and local community members have launched an ongoing search-and-rescue operation. However, the effort has been severely hampered by the extreme hazards posed by the mine's unstable and toxic environment. As the hours turn into days, anxiety and desperation continue to mount, particularly for Tshepo's family, who are still clinging to hope for his safe return. According to Captain Vusi Mnisi of Vosman SAPS, Tshepo was last seen leaving home, telling his girlfriend that he was heading to 'Vosman Circle'. When he failed to return and stopped responding to calls, his girlfriend raised the alarm and contacted his family on June 17. 'Tshepo just didn't come back,' said his sister, Nomsa Motsiye. 'We were worried immediately, but still held on to hope. Then a man came to our house, claiming he had been underground with Tshepo and others, but that Tshepo and another man got trapped.' Thungela Resources confirmed that on June 18, they were notified by concerned family members that two individuals from the local community may have gained unauthorised access to a sealed-off underground section of Greenside Colliery. Breaking news | No trace of two men believed to be trapped in an abandoned mine Read more here: #emalahleni #Vosman #SAPS — WitbankNews (@WitbankN) June 23, 2025 Despite extensive efforts led by SAPS Search and Rescue over the weekend, the whereabouts of the two missing men remain unknown. Hulisani Rasivhaga, Head of Communications at Thungela Resources, said, 'We are cooperating fully with SAPS, the affected families, and all relevant stakeholders to support the ongoing investigation and search.' Breaking news at your fingertips … Follow WITBANK NEWS on our website, Facebook, Twitter, Instagram or TikTok Chat to us: info@ At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
Yahoo
01-06-2025
- Business
- Yahoo
The past three years for Thungela Resources (JSE:TGA) investors has not been profitable
For many investors, the main point of stock picking is to generate higher returns than the overall market. But its virtually certain that sometimes you will buy stocks that fall short of the market average returns. Unfortunately, that's been the case for longer term Thungela Resources Limited (JSE:TGA) shareholders, since the share price is down 64% in the last three years, falling well short of the market return of around 33%. And over the last year the share price fell 32%, so we doubt many shareholders are delighted. Furthermore, it's down 19% in about a quarter. That's not much fun for holders. With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. During the three years that the share price fell, Thungela Resources' earnings per share (EPS) dropped by 23% each year. This fall in EPS isn't far from the rate of share price decline, which was 29% per year. So it seems like sentiment towards the stock hasn't changed all that much over time. Rather, the share price has approximately tracked EPS growth. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). This free interactive report on Thungela Resources' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Thungela Resources the TSR over the last 3 years was -30%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence! The last twelve months weren't great for Thungela Resources shares, which cost holders 23%, including dividends, while the market was up about 30%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Shareholders have lost 9% per year over the last three years, so the share price drop has become steeper, over the last year; a potential symptom of as yet unsolved challenges. We would be wary of buying into a company with unsolved problems, although some investors will buy into struggling stocks if they believe the price is sufficiently attractive. It's always interesting to track share price performance over the longer term. But to understand Thungela Resources better, we need to consider many other factors. For example, we've discovered 3 warning signs for Thungela Resources (1 is significant!) that you should be aware of before investing here. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: many of them are unnoticed AND have attractive valuation). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on South African exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Reuters
17-03-2025
- Business
- Reuters
Coal miner Thungela reports 29% profit drop on weak prices
March 17 (Reuters) - South African thermal coal exporter Thungela Resources (TGAJ.J), opens new tab said on Monday its 2024 profit declined 29% on the back of lower prices for the fossil fuel. Thungela's profit for the year ended December 2024 fell to 3.544 billion rand ($194.79 million) from 4.97 billion rand previously. ($1 = 18.1943 rand)
