Thungela Company Profile

The company was formed when the South African thermal coal operations demerged from Anglo American and listed on the JSE and LSE in June 2021.The group owns interests in and produces its thermal coal predominantly from seven mining operations, namely Goedehoop, Greenside, Isibonelo, Khwezela, AAIC (operating the Zibulo colliery), Mafube Coal Mining (operating the Mafube colliery) and Butsanani Energy (owning the independently operated Rietvlei colliery) which consist of both underground and opencast mines located in the Mpumalanga province of South Africa.

Thungela’s operations are among the highest quality thermal coal mines in South Africa by calorific value. Thungela also holds a 50% interest in Phola, which owns and operates the Phola Coal Processing Plant, and a 23% indirect interest in the Richards Bay Coal Terminal (RBCT). RBCT is one of the world’s leading coal export terminals, with an advanced 24-hour operation and a design capacity of 91 Mtpa.

Thungela reported a solid performance in its first Interim Results since listing, with an operating profit of R990 million for the reporting period, an adjusted EBITDA of R1,888 million, and a robust financial position with net cash of R3 billion.

At present, it is one of the largest pure-play producers and exporters of thermal coal in South Africa based on aggregate coal reserves and marketable coal production.

Thungela is committed to operating in a sustainable way to ignite value for a shared future, to the benefit of the communities in which it operates, its employees, shareholders and society as a whole.

For more information, visit: https://www.thungela.com/.