IN BRIEF: Thungela CEO designate to formally assume role in November

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Thungela Resources Ltd - Rosebank-based coal miner - Chief Executive Officer Designate Moses Madondo formally assumes the CEO role on November 1. Madondo was appointed CEO designate in August. Notes that Madondo has been working closely with outgoing Chief Executive July Ndlovu in support of an orderly transition, with this process concluding on October 31. Adds that Ndlovu will commence a period of gardening leave from November 1 to his retirement on December 31.

Current stock price: 379.00 pence, up 0.7% on Wednesday morning in London

12-month change: down 22%

Current stock price: R 88.05, up 0.6% in Johannesburg

12-month change: down 22%

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