Friday, JSE-listed mining company Thungela Resources announced that it has agreed to spend A$340 million (R4.1 billion) to acquire a majority share in the Queensland, Australia Ensham coal mine.
Idemitsu Australia will sell 85% of the Ensham joint venture and other connected assets to Thungela.
“This will provide Thungela with access to the Japanese and other Asian markets where demand remains strong,” the business stated.
Alphamin achieves record tin production
JSE-listed Alphamin Resources this week stated that it had achieved record tin output of 12 493 tonnes in 2022, which was up 14% on its 2021 production.
The company produces 4% of the world’s mined tin from its mine in the Democratic Republic of Congo. Alphamin predicted that its earnings before interest, taxes, depreciation, and amortization would increase from $199 million in 2021 to $222 million (R3.8 billion) in 2022.
JSE-listed Tongaat Hulett CEO resigns
Tongaat Hulett, a company listed on the JSE, said this week that chief executive Gavin Hudson has resigned effective February 28.
“Hudson led efforts to recover the group four years ago after accounting irregularities were discovered in 2019,” the business claimed.
Directors of PSG, Salungano, and Tharisa engage in share transactions
The mining business Salungano Group revealed that its chief executive officer, Robinson Ramaite, purchased R9.4 million worth of shares on January 31.
In addition, PSG Konsult disclosed that its non-executive chairman Willem Theron sold R7.8 million worth of shares at the end of January.
Another mining business, Tharisa, revealed on January 31 that its chief financial officer, Michael Jones, sold shares worth over R1.9 million.
Harmony Gold is listed in the index of gender equality.
Harmony Gold declared Bloomberg’s inclusion in the Bloomberg Gender-Equality Index for the fifth consecutive year in 2023.
The Bloomberg is a modified market capitalization-weighted index that analyzes the performance of public firms dedicated to gender-data reporting openness.
»Thungela in R4.1bn Ensham mine transaction«