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The share price of coal miner Thungela closed almost 10% lower after the company announced that production had decreased because of Transnet’s continued poor performance. This is despite the price of coal almost tripling in the past year.

In an interim trading statement to end-June, Thungela also flagged an almost 44% increase in costs, saying its on-board cost per export tonne of coal is expected to be R1,124 compared with R782 in its 2021 first half...

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