Media releases
News and updates from inside and around Thungela.
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Employees benefit from empowerment scheme
Thungela’s Sisonke Employee Empowerment Scheme will pay its first allocation of R387 million to employees in December this year. This first disbursement is based on the dividends declared for the 2021 full year results as well as the 2022 half year results.
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Emalahleni to benefit from new community centre
Thungela has built a multi-purpose community centre which is now open to the community of Clewer. This social and labour plan project will provide a safe space for the community to host activities such as townhall gatherings, events, arts, and culture.
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Thungela signs three-year wage agreement
Thungela announces that it has signed a three-year wage agreement with the National Union of Mineworkers (“NUM”) which is the recognised labour union across Thungela’s operations, and which represents 86% of unionised employees.
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A record set of interim results
Thungela released its half year results for the period ended 30 June 2022. An interim cash dividend of R60 per share was declared resulting in a total of R8.2 billion returned to shareholders.
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Thungela, Absa and Raizcorp join forces
Thungela Resources, Absa and Raizcorp have joined forces to launch a business-development programme focused on providing small enterprises in mining communities in Mpumalanga with hands-on business support, loan funding and technical development.
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Full-year 2021 results released
Return to profitability with profit for the reporting period of R6.9bn (2020: loss of R362 million) Robust cash generation with net cash of R8.7bn (2020: net debt of R388 million)
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Initial mitigation actions are complete
Thungela and the Mpumalanga Tourism and Parks Agency (MTPA) confirm that the first phase of corrective measures to mitigate the impacts of the environmental incident, that took place at the Wilge River, Olifants River and Loskop Dam, has been successfully completed.
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Remediating impact of environmental incident
Thungela confirms that an uncharacteristic environmental incident took place at Khwezela Colliery’s Kromdraai site in eMalahleni, Mpumlanga on Monday, 14 February 2022. A full investigation of the root cause of the incident has started and will be concluded in due course.