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Thungela - pre-close statement
Thungela reported a strong operational performance for the first half of 2026, with export saleable production of approximately 8.3 million tonnes, a 4% increase from H1 2025. The Richards Bay Benchmark coal price averaged USD104.25 per tonne, up from USD89.53, while the Newcastle Benchmark averaged USD124.79 per tonne, compared to USD105.37. The company's export sales are forecasted at 9.5 million tonnes, a 12% rise. Thungela expects net cash of R5.9 to R6.1 billion at 30 June 2026, reaffirming its dividend policy of distributing at least 30% of adjusted operating free cash flow. The company continues portfolio optimisation, including the sale of the Kleinkopje mining right, and maintains full-year production guidance of 13.0 to 13.6 million tonnes. The interim results will be released on 17 August 2026.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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