"Our involvement with the Mozambique project goes back almost a decade to the first phase of the plant’s development."
Credit ratings agency Fitch Ratings has increased most of its short-term metals and mining price assumptions on the back of syncronised global economic recovery post-COVID-19, which has driven higher commodity prices.
Automation is already seen by many mines as an essential element of their future productivity and commercial sustainability.
"Thungela will be a responsible steward of our thermal coal assets benefiting from an experienced and diverse management team."
The sector faces pressure from governments, investors, and society to reduce emissions. Mining is responsible for 4 to 7% of GHG emissions.