Thungela outlines healthy performance in first year of listing

Coal miner Thungela Resources has, since its listing on June 7, experienced a period of rail constraints in South Africa, as well as logistical constraints in China, Russia, Indonesia and Colombia.

The company expects its export sellable production for the 2021 financial year to be just under 15-million tonnes, with cash flow generation coming in strong on the back of good benchmark export coal processing and narrower discounts, albeit in a context of lower export sales volumes.