Let nature lead the way
Coal mines can play a crucial role in creating a cleaner future
07 June 2021 - 16:23
Thungela is the Zulu word for ignite, and the listing of Thungela Resources has already ignited controversy.
Just one day before listing, the little-known research firm (and likely short-seller of Thungela stock) The Boatman Capital Research, said that Thungela’s end-of-life environmental costs are nearly three times its provisions of R6.45bn. Their valuation model returns deeply negative numbers, and accordingly they value the company at zero, while accusing Anglo American of “greenwashing” its hands of its environmental liabilities...
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