Thungela Resources Ltd (TGA) NPV

Thungela Resources Limited is a South Africa-based thermal coal exporter. The Company owns interests in and produces its thermal coal from seven mining operations. The Company’s segments include South Africa and Australia. The Opencast mining operations undertaken in an opencast mine where coal is extracted include the mining operations: Isibonelo, Khwezela, Mafube and Rietvlei. The Underground mining operations undertaken in an underground mine where coal is extracted include the mining operations: Zibulo, Greenside and Goedehoop. Its services operations provide various services to support the ongoing operations of the Company. Its Underground mining operations undertaken in an underground mine where coal is extracted at Ensham, as well as the operations providing various services to support the mining operations in that country. It holds a 50% interest in the Phola Coal Processing Plant, and a 23% indirect interest in the Richards Bay Coal Terminal.