Dealing with rail constraints remains a priority as Thungela achieves good results

Despite the impact of ongoing rail constraints, thermal coal producer and exporter Thungela Resources managed to deliver good results for the 2022 financial year, with earnings before interest, taxes, depreciation and amortisation having increased three-fold year-on-year to R29.5-billion and net profit 162% higher year-on-year at R18.2-billion. Revenue increased by 93% to R50.7-billion and the company declared a final dividend of R40 a share, bringing the full-year dividend to R100 a share.