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Thungela Resources Ltd
JSE:TGA

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Thungela Resources Ltd
JSE:TGA
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Price: 13 100 Zac -1.71% Market Closed
Market Cap: 18.2B Zac
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Thungela Resources Ltd
Investor Relations

Thungela Resources Ltd., carved out of South African mining giant Anglo American, stands as a testament to both opportunity and challenge in the volatile realm of thermal coal. This Johannesburg-based company emerged into the public eye in June 2021, armed with seven mining operations spread across the coal-rich landscapes of Mpumalanga, South Africa. These locations not only provide a steady stream of thermal coal but also highlight Thungela's strategic focus on high-quality resources suited for export markets. What sets Thungela apart is its integration of mining and selling operations, allowing it to control the entire supply chain which extends from the extraction of coal to its export. Essential relationships with the Richards Bay Coal Terminal facilitate the smooth shipping of coal to international power producers, predominantly in Asia and Europe, thus sustaining its revenue engine.

The heart of Thungela's business model lies in extracting thermal coal, a staple demand from coal-fired power stations globally, and selling it on the international market. Its earnings are directly tethered to the fluctuating prices of this commodity, driven by global market dynamics, regulatory developments, and geopolitical shifts. However, Thungela's journey is not without its hurdles: the company maneuvers through the complex terrains of environmental regulations and the rising global shift towards renewable energy. Nevertheless, its coal remains in demand, catering to regions still reliant on thermal coal due to infrastructural and energy transition timelines. Through adept management and strategic foresight, Thungela balances these pressures, striving to maximize profitability while navigating its place in an ever-evolving energy landscape.

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Management

Mr. July Ndlovu BLP, BSc (Hons), CSEP, MBL
CEO & Executive Director
No Bio Available
Mr. Gideon Frederick Smith Law
CFO & Executive Director
No Bio Available
Mr. Johan Van Schalkwyk
Chief Operations Officer
No Bio Available
Mr. Leslie Martin
Executive Head of Technical
No Bio Available
Mr. Bernard M. Dalton
Executive Head of Marketing
No Bio Available
Mr. Lesego Mataboge
Executive Head of Human Resources
No Bio Available
Ms. Mpumi Sithole
Executive Head of Corporate Affairs
No Bio Available
Ms. Carina Venter
Executive Head of Safety, Health & Environmental
No Bio Available
Ms. Altovise Alaxa Ellis
Company Secretary
No Bio Available

Contacts

Address
25 Bath Avenue, Rosebank
Contacts
+2711638930.0
www.thungela.com