Coal export prices increased by more than 100% in 2022
Illegal mining in Mpumalanga continues to pose a challenge for thermal coal miner Thungela Resources. During 2022 the company had to spend R300m to rehabilitate areas that had already been completely rehabilitated before illegal miners moved in to operate the old mine shafts.
This cost of crime estimate, according to Thungela CEO July Ndlovu, does not include the cost of stolen goods and additional security...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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