We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

When Thungela Resources debuted on the JSE in June after being hived off Anglo American, it wasn’t exactly the flavour of the moment as fund managers were increasingly shunning fossil fuels.

What the skeptics didn’t count on was a global energy crunch that has made the company one of the best performers in the JSE, with its shares up more than fourfold. Driven mostly by higher international coal prices, Thungela shares rose 2.67% to close at R96.69 on Monday, giving it a market value of R13bn. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.