Thungela announced the successful registration of Thungela Marketing International (“TMI”) with the Dubai Multi Commodity Centre Authority (DMMCA) as of 15 December 2023.

The Dubai office will house the export marketing team, operating under Thungela Marketing International and this team will be responsible for overseeing a broad range of marketing functions, catering to both the South African and Australian assets.

July Ndlovu, CEO of Thungela said, “This is a key milestone towards fulfilling one of our strategic objectives - to create future diversification options. TMI gives us direct access to seaborne markets and helps us to strengthen relationships with our customers. Our presence in Dubai is testament of the steps we are taking to realise geographic diversification and becoming a key player in the international market.

The expansion into Dubai underscores Thungela’s intention to stay attuned to the needs of customers and the global commodities market, deliberately positioning the Company as a coal producer with a global footprint.

Further details on TMI will be provided at the upcoming annual financial results presentation in March.



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