Thungela Resources Limited (JSE:TGA) agreed to acquire 27% stake in Anglo American Inyosi Coal (Pty) Ltd on November 24, 2022. The Group will fund the acquisition of the shares in AAIC through issuing 4,180,777 new Thungela ordinary no par value shares, which will be allotted and issued to Inyosi. Inyosi will own approximately 3.02% of the ordinary no par value shares which carry voting rights in Thungela.