Thungela Resources, the coal miner that was hived off Anglo American less than two years ago and which was by far the best-performing stock on the JSE in 2022, has started the new year on a fairly downbeat note.

Like other miners, Thungela trades at the whim of commodity prices and has been affected by a fall in global coal prices. These have come off historic highs after Europe averted an energy crunch by securing sufficient natural gas supplies while the winter season in the region turned out to be warmer than expected. ..

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