Initiating Coverage of Thungela Resources
I am initiating coverage of Thungela Resources (ticker: TGA.LN) on 8/22/2023 with…
TGA.LN
Thoughts on Thungela Resources
Herewith some thoughts on Thungela Resources (Ticker TGA.LN), the South African thermal coal exporter which just announced interim earnings.
Coal News & Price Data – August 21, 2023 – Thungela’s Profits Fall
Thungela Resources reported a 69% drop in profits during the first half of the year due to lower coal prices and logistical challenges.