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Thungela Resources Limited ( (GB:TGA) ) just unveiled an announcement.
Thungela Resources Limited announced the completion of its acquisition of the remaining 15% interest in the Ensham Business from Bowen Investment, for AUD48 million. This transaction, effective on 28 February 2025, marks a strategic move for Thungela, enhancing its stake in the Ensham Joint Venture and related entities, potentially strengthening its position in the coal industry.
More about Thungela Resources Limited
Thungela Resources Limited is a company incorporated in South Africa, primarily involved in the coal industry. The company focuses on coal mining and related operations, with a market presence on both the Johannesburg Stock Exchange and the London Stock Exchange.
YTD Price Performance: -15.95%
Average Trading Volume: 134,405
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £667.2M
For a thorough assessment of TGA stock, go to TipRanks’ Stock Analysis page.