• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home highlights

Thungela Resources lists on the JSE after unbundling from Anglo American

4 years ago
in highlights, Home, home-news, latest News, Markets, Mining
1 min read
0 0
0
80
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Shares in Thungela Resources, a South African thermal coal exporter, today commenced trading on the commodity counter of the Main Board of the Johannesburg Stock Exchange (JSE).

Thungela Resources, which has its primary listing on the JSE, was created from the demerger and separation by Anglo American’s South African thermal coal assets. Thungela Resources produces 16.5 million tonnes of thermal coal per annum.

Thungela Chief Executive Officer, July Ndlovu said: “We are excited to be listing Thungela today. The Company plays an important role in providing affordable energy to both our customers in the developing world, and South Africa. Our business consists of well-established, well-managed assets that produce high-quality thermal coal, with access to a world-class export infrastructure. Thungela has an enviable cash cost position and is poised to deliver attractive returns to shareholders.”

Read This: Ecobank, Fidelity the most recognised banks by Ghanaians – New report says

Welcoming Thungela’s listing, Valdene Reddy, Director of Capital Markets at the JSE, says the newly formed company will continue to make a valuable contribution to South Africa’s mining sector.

“This listing is part of a noticeable trend of corporate restructures and unbundlings in South Africa as companies seek to reposition themselves and unlock shareholder value. The JSE, as a capital raising platform, is well pointed to support these initiatives,” concludes Reddy.

Thungela will be listing in the Energy- Oil, Gas and Coal- Coal sector, increasing the total number of listings in this sector to 8, while the number of companies on the JSE will increase to 331, with an overall market capitalisation of over R18.98 trillion.

RelatedPosts

Taptap Send, Remit Choice, 3 Others Suspended by the Central Bank Over Unauthorised Remittance Transactions

UBA Ghana Hit With One-Month Forex Trading Suspension for Regulatory Breaches

BoG Sanctions Flutterwave, Cellulant and Halges Financial Over Remittance Breaches

Source: african-markets
Via: norvanreports
Tags: Anglo AmericanJohannesburg Stock Exchange (JSE)Thungela Resources
No Result
View All Result

Highlights

How Stablecoins and Other Financial Innovations May Reshape the Global Economy

Black Stars Miss Chance to Extend Lead in World Cup Qualifiers After Draw with Chad

Gold Price Could See $5,000 if Trump Keeps Attacking Fed: Goldman Sachs

“You can Invest in Ghana with confidence” – Lands Minister tells Investors

Ghana Shines on Global Stage, Unveils Billions in Mining Investment Opportunities at Australia-Africa Conference

Black Starlets Drawn in Group A for WAFU Zone B U-17 Championship

Trending

Business

Taptap Send, Remit Choice, 3 Others Suspended by the Central Bank Over Unauthorised Remittance Transactions

September 4, 2025

Taptap Send, Remit Choice, 3 Others Suspended by the Central Bank Over Unauthorised Remittance Transactions The Bank...

UBA Ghana Hit With One-Month Forex Trading Suspension for Regulatory Breaches

September 4, 2025

BoG Sanctions Flutterwave, Cellulant and Halges Financial Over Remittance Breaches

September 4, 2025

How Stablecoins and Other Financial Innovations May Reshape the Global Economy

September 4, 2025

Black Stars Miss Chance to Extend Lead in World Cup Qualifiers After Draw with Chad

September 4, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.