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Coal on a roll
It is said there are no winners in war, but for non-Russian resource companies it certainly looks like winners are emerging, especially the Anglo American coal spin-off Thungela Resources which has delivered a 197% share price rise over the last six months on the back of a sky-high coal price.
Interest in the company has been growing since the stock was listed in Johannesburg and London in the middle of last year, a time when the international price for thermal coal was around US$120 a tonne....
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