Thungela Resources Limited (JSE:TGA)
Thungela Resources Limited (JSE:TGA) is one of the largest pure-play producers and exporters of thermal coal in South Africa having been demerged from Anglo American plc in June 2021.
The company owns interests in, and produces, thermal coal predominantly from seven mining operations. These are amongst the highest quality thermal coal mines in South Africa. As a group, Thungela Resources exports thermal coal mainly to the Indian, Asian, SEA, Middle East and North African markets.
Thungela operates a site-driven structure supported by centralised corporate functions. As of 31 December 2020, Thungela had more than 7,500 employees and independent contractors (excluding third-party service providers).
As a leader amongst South African thermal coal miners, Thungela is committed to operating with a view to a sustainable future, in accordance with its environmental, social and governance (ESG) programmes. Accordingly, the company's ESG framework prioritises those areas most salient to host communities and stakeholders.
Thungela also holds a 50% interest in Phola, which owns and operates the Phola Coal Processing Plant, and a 23.22% indirect interest in Richards Bay Coal Terminal (RBCT). RBCT is the largest coal export facility in Africa, with an advanced 24-hour operation and a design capacity of 91 Mtpa.