Thungela Resources said it has operated a fatality-free business for 39 consecutive months to the end of June 30, 2026 and it remains steadfast in keeping safety the priority at its coal mining operations.
Tungela Resources will export about 6,3 million tons of coal in the six months to June 30, some 100,000 tons below what it exported in the same period a year ago, amid firmer coal prices.
CFO Deon Smith said in the coal mining group's pre-close update Tuesday that about 2 Mt is expected to export from Ensham Coal Mine in Australia, which is up on the 1,6 Mt exported at the same time last year.
Production in South Africa benefitted from improvements at Khwezela mine and a strong performance at Mafube mine. Zibulo experienced an increase in conveyor belt and support services challenges in the mining footprint that will be retired once all production is shifted to Zibulo North Shaft.
However, “we believe these challenges are transient... (we) remain confident in achieving the full-year export saleable production guidance for the group,” said Smith. The export saleable production guidance of 13 Mt to 13,6 Mt for the full year was unchanged.
