With coal in hot demand worldwide, two SA companies announced significant coal projects last week. Click here for the full story➡️
For Thungela, this is its first foray outside of SA, where the company has faced challenges in getting all its product to port.
t will pay R4.1 billion for about 80% of the Australian thermal coal operation which last year produced 3.2Mt of high-quality, low-ash and low-sulphur thermal coal. The deal gives Thungela access to Japan and other Asian markets, where demand for coal is strong and sold at the Newcastle export coal price, which is traditionally higher than the Richards Bay benchmark price.
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