JSE- and London-listed thermal coal-mining and marketing company Thungela has approved the declaration of an interim gross ordinary cash dividend totalling R8.2-billion from retained earnings accrued during the six-months June 30, on profit for the reporting period of R9.6-billion, which is more than 27 times higher than last year’s first-half profit. Although full year guidance for export saleable production has been revised down reflecting expected ongoing Transnet Freight Rail performance, the Thugela has a far-reaching value-over-volume plan which could see value remaining sky high on highest-margin coal being railed.