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Thungela warns of impairment as coal price flags in 2025
Summary by Miningmx
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1 Articles
Thungela warns of impairment as coal price flags in 2025
THUNGELA Resources raised the prospect of impairing assets following a year of lower coal prices in 2025, and despite a strong production and cost performance. Commenting in his financial year pre-close comments on Tuesday, Thungela CFO Deon Smith said the matter “requires significant judgement” given the uncertain future for coal prices and exchange rates “… which are currently at levels that does not support the carrying value of our PPE (prop…
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