South African mining expert, Moses Madondo, to lead billion-dollar thermal coal exporter
Madondo, who currently serves as CEO of De Beers Group Managed Operations, brings over 25 years of experience in the mining industry to his new role.
Thungela Resources
Thungela to acquire remaining interest in Ensham business for $29.9 million
Thungela secures full Ensham ownership, reinforcing its Asia-Pacific presence and boosting coal exports to Japan and Malaysia.
Zimbabwean tycoon July Ndlovu-led Thungela slashes coal production amid rail crisis
The reduction, revealed on Wednesday, is attributed to persistent challenges in the country’s freight rail services.
Zimbabwean tycoon July Ndlovu earns $7-million salary from Thungela in 2022
Under Ndlovu’s leadership, Thungela has evolved to the forefront of the market, excelling in the production and export of high-quality, low-cost thermal coal.
South African executive July Ndlovu drives Thungela’s expansion despite declining demand
Ndlovu drives Thungela’s expansion despite declining demand.
Led by South African exec July Ndlovu, Thungela Resources set to acquire mine in Australia
Ndlovu owns a minuscule yet lucrative 0.74-percent stake in Thungela Resources.
July Ndlovu-led Thungela expects full-year earnings to surpass $800 million in 2022
Ndlovu’s 0.74-percent stake in Thungela Resources is valued at $17 million.
July Ndlovu-led Thungela recovers from deficits; earnings exceed $440 million in 2021
Thungela is a leading pure-play producer and exporter of high-quality, low-cost thermal coal.
July Ndlovu’s Thungela Resources declares solid interim dividend
The news comes after its successful listing on the Johannesburg Stock Exchange and London Stock Exchange on June 7.
Thungela lists on JSE, LSE; CEO July Ndlovu lauds company’s value for developing world
Thungela’s listing follows the demerger of Anglo American’s thermal coal operations in South Africa.
