Thungela's 'smart actions' help mitigate R2.5bn in opportunity losses caused by Transnet

Innovative thinking has seen Thungela Resources partially mitigate railing constraints to overcome what would have been an R2.5 billion opportunity loss caused by Transnet's poor performance.

South Africa's largest export coal company, which was spun out of Anglo American in June last year, on Monday reported a huge increase in interim profit to R9.6 billion, up from R351 million in the first half of 2021.

The company has benefitted from strong export coal prices due to a supply crunch exacerbated by Russia's war in Ukraine.