Thungela Resources Limited (GB:TGA) has released an update.
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Thungela Resources Limited reports a solid operational performance for the first half of 2024, with production exceeding expectations leading to an upgraded output forecast for Ensham and a record low safety incident rate. Despite a softer coal price environment and logistical challenges, the company posted a profit of R1.2 billion and declared an aggregate interim cash dividend and share buyback totaling R441 million. Thungela’s strategic focus on safety, disciplined capital expenditure, and geographic diversification through its Australian operations have contributed to its resilience in a fluctuating market.
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