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    TGA   ZAE000296554

THUNGELA RESOURCES LIMITED

(TGA)
  Report
End-of-day quote Johannesburg Stock Exchange  -  2022-11-29
312.00 ZAR   +1.71%
11/24Thungela Consolidates 100% Stake in Anglo American Inyosi Coal
MT
11/24Thungela buys remaining stake in Anglo American Inyosi Coal for shares
AN
11/24Thungela Resources to Take Full Ownership of Zibulo Operation, Elders Project
MT
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S.Africa's Thungela signs three-year wage deal

09/20/2022 | 04:40am EST

(Reuters) - South Africa's coal exporter Thungela Resources on Tuesday said it had signed a three-year wage agreement with the National Union of Mineworkers (NUM).

"The wage agreement increases salary and salary-related allowances and is expected to increase the total labour cost-to-company, on average by approximately 6% per annum over the three-year period," Thungela said in a statement.

The company said the wage deal with NUM, which represents 86% of Thungela's workforce, was effective from June 1 through to May 2025.

(Reporting by Nelson Banya; Editing by Kirsten Donovan)


ę Reuters 2022
All news about THUNGELA RESOURCES LIMITED
11/24Thungela Consolidates 100% Stake in Anglo American Inyosi Coal
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11/24Thungela buys remaining stake in Anglo American Inyosi Coal for shares
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11/24Thungela Resources to Take Full Ownership of Zibulo Operation, Elders Project
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11/24Thungela Resources Limited agreed to acquire 27% stake in Anglo American Inyosi Coal Lt..
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Financials
Sales 2022 59 936 M 3 533 M 3 533 M
Net income 2022 23 029 M 1 357 M 1 357 M
Net cash 2022 19 229 M 1 133 M 1 133 M
P/E ratio 2022 1,83x
Yield 2022 49,0%
Capitalization 41 611 M 2 452 M 2 452 M
EV / Sales 2022 0,37x
EV / Sales 2023 0,42x
Nbr of Employees -
Free-Float 96,5%
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Technical analysis trends THUNGELA RESOURCES LIMITED
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 4
Last Close Price 312,00 ZAR
Average target price 339,50 ZAR
Spread / Average Target 8,81%
EPS Revisions
Managers and Directors
July Ndlovu Chief Executive Officer & Director
Gideon Frederick Smith Chief Financial Officer & Director
Sango Siviwe Ntsaluba Non-Executive Chairman
Leslie Martin Executive Head-Technical
Johannes Petrus Daniel van Schalkwyk Chief Operating Officer