Thungela declares whopping R8.2bn half-year dividend on R8.9bn free cash

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 to 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. Thungela was listed in Johannesburg and London in June 2021 following the demerging of Anglo American’s the South African thermal coal operations.