Thungela Resources shares (JSE: TGA), listed on the Johannesburg Stock Exchange (JSE) under the ticker TGA, offer investors exposure to South Africa’s leading thermal coal producer. Since its spin-off from Anglo American in 2021, Thungela has attracted investor interest due to its position in the global energy supply chain, especially in high-demand markets in Asia and Europe.
Thungela’s share price over the past couple of years has run into some bearish sentiment, but the stock remains one to keep an eye on in the case of a fundamental shift.
YOUR CAPITAL IS AT RISK
Who Are Thungela Resources
Thungela Resources is a leading South African thermal coal producer dedicated to supplying energy to global markets, particularly in Asia and Europe. Formed in 2021 as a spin-off from Anglo American, Thungela has quickly established itself as a key player in the coal industry, operating some of the most efficient, low-cost coal assets in South Africa.
The company is committed to responsible mining practices, focusing on environmental stewardship, community engagement, and sustainable operations. With a strategic emphasis on safety, operational excellence, and disciplined growth, Thungela aims to navigate the changing landscape of the energy sector while contributing to reliable energy supply for global economies.
Thungela Shares – Recent Performance & Data
| Growth, Valuation, Trading | Information |
| Gross Turnover | |
| 52-Week Range | |
| Shares Outstanding | |
| Earnings per Share | |
| P/E Ratio | |
| 5 Yr Ave Dividend per Share | |
The company’s shares are known for high dividend payouts when coal prices are strong, reflecting its focus on returning value to shareholders. However, Thungela shares can be subject to volatility, influenced by global coal prices, regulatory changes, and logistical challenges within South Africa.
Thungela reported a net profit of R1.2 billion for the first half of 2024, with R419 million contributed by its Australian operations. The company achieved a total export saleable production of 7.8 million tonnes, comprising 6.2 million tonnes from South Africa and 1.6 million tonnes (on an 85% basis) from its Ensham mine in Australia, surpassing initial estimates and prompting an upward revision of Ensham’s production outlook.
Capital expenditure reached R1.5 billion, reflecting disciplined execution of life extension projects in South Africa. Thungela declared total shareholder returns of R441 million, including an ordinary interim cash dividend of R281 million (R2.00 per share) and a share buyback of up to R160 million, collectively representing 47% of adjusted operating free cash flow.
Thungela remains optimistic about future prospects. CEO July Ndlovu expressed confidence that the worst of the rail bottlenecks is behind them, anticipating improvements in coal shipments from South Africa in the coming years. The company continues to focus on safety, reporting a total recordable case frequency rate (TRCFR) of 0.99 in South Africa and significant progress in Australia. Thungela’s strategic priorities include geographic diversification and disciplined capital allocation to enhance long-term competitiveness and shareholder value.
Thungela Resources Stock Chart – 5 Year
Over the past five years, Thungela Resources has experienced significant developments. Established in 2021 as a spin-off from Anglo American, Thungela became a prominent player in South Africa’s thermal coal industry. The company has faced challenges, including fluctuating coal prices and logistical issues with Transnet Freight Rail, which have impacted export volumes.
Despite these hurdles, Thungela has pursued strategic initiatives, such as the acquisition of the Ensham coal mine in Australia, to diversify its geographic footprint and enhance production capacity. The company remains focused on disciplined capital allocation and operational efficiency to navigate the evolving energy market.
Thungela Resources, The Essentials
CEO July Ndlovu
How to buy Thungela Shares – Step by Step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participating daily. To buy, sell or trade Thungela Resources stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:
- Find the share that you want to buy, in this case, “TGA”.
- Select a broker that offers access to the Johannesburg Stock Exchange (JSE).
- Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
- You are now ready to make your first share purchase through the broker.
- You can further start to build and diversify your portfolio by buying more shares.
YOUR CAPITAL IS AT RISK
