JOHANNESBURG: Thungela Resources Ltd. has announced a change in leadership as current CEO July Ndlovu is set to retire in 2025 upon reaching the company’s mandatory retirement age of 60. Ndlovu, who has been at the helm of Thungela, has been recognized for his exceptional leadership and extensive mining experience, which has contributed significantly to…
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Anglo American completes sale of remaining shareholding in Thungela Resources
LONDON, UK: Anglo American plc has announced the sale of the group’s remaining 8.0% shareholding in Thungela Resources Limited through an accelerated book build placing to a number of major financial institutions, realising gross proceeds of R1,672 million (approximately US$115 million). The Thungela shares were placed at a price of R154 per share, representing a…