Thungela Resources Ltd. (TNGRF)

Overview

Thungela Resources Limited is a notable entity in South Africa's mining sector, focusing primarily on the mining and production of thermal coal. Established in 1945, this company has cemented its place in the energy resource industry with its headquarters located in Johannesburg, South Africa. It operates through seven mining operations situated in the Mpumalanga province, which is a region known for its abundant coal reserves. Thungela Resources Limited has evolved over the decades to become a key player, not only in the domestic coal production scene but also as a significant exporter across various global markets.

Products and Services

The core offerings of Thungela Resources Limited revolve around the production and supply of thermal coal, leveraging its extensive mining operations across the Mpumalanga province. The products and services provided by the company include:

• Goedehoop Colliery: This mining operation focuses on extracting thermal coal which is used primarily for generating electricity. The extracted coal meets both local demand and is also exported to international markets, ensuring a steady supply of high-quality coal.
• Greenside Colliery: Similar to Goedehoop, Greenside specializes in the production of thermal coal. The coal mined here contributes to both domestic energy security and the global coal supply, with particular attention to environmental and sustainability standards.
• Isibonelo Colliery: This operation is dedicated to surface mining, providing thermal coal that is essential for power generation. Isibonelo's coal is known for its consistency and quality, catering to specific customer requirements.
• Khwezela Colliery: Combining the operations of previously separate mines, Khwezela aims at maximizing the extraction and production of thermal coal. This colliery implements advanced mining technologies to enhance efficiency and reduce environmental impact.
• Zibulo Colliery: Zibulo is engaged in both underground and surface mining activities, producing thermal coal that is a key component in electricity generation. It follows stringent mining practices to ensure sustainability and environmental protection.
• Mafube Colliery: A joint venture operation that specializes in the mining and processing of thermal coal. Mafube focuses on supplying high-quality coal to both local and international markets, adhering to strict environmental regulations.
• Rietvlei Colliery: This operation is the latest addition to Thungela's portfolio, specializing in the production of thermal coal. Rietvlei's coal has competitive qualities that meet the demands of a diverse customer base in energy production.

Alongside these specific mining operations, Thungela Resources Limited also engages in the export of its thermal coal products. The company's extensive export network covers promising markets in India, Southeast Asia, the Middle East, and North Africa. This strategic positioning allows Thungela to play a significant role in the global energy sector, supplying crucial resources for electricity generation and other industrial applications.