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Thungela continues surge on strong maiden results

Shares in Thungela Resources, the company into which Anglo American spun off its South African coal operations, continued to climb on Friday after the JSE and LSE-listed player reported an impressive set of pro forma results.

Thungela continues surge on strong maiden results Thungela continues surge on strong maiden results Thungela continues surge on strong maiden results Thungela continues surge on strong maiden results Thungela continues surge on strong maiden results

Thungela listed on the two exchanges on June 7 and has delivered adjusted EBITDA of ZAR1.9 billion and net cash of ZAR3 billion as coal prices rose over the first half of the year.

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