THUNGELA RESOURCES LIMITED

Thungela Resources Limited (Thungela) is a South Africa-based thermal coal exporter. The Company is a pure-play producers and exporters of thermal coal in South Africa based on aggregate thermal coal reserves and marketable thermal coal production. The Company’s segments include Opencast, Underground and Corporate and other. In Opencast segment, the Company’s mining operations undertaken in an opencast mine where coal is extracted, including mining operations Isibonelo, Khwezela, Mafube and Rietvlei. In Underground, the Company’s mining operations undertaken in an underground mine where coal is extracted, including mining operations: Zibulo, Greenside and Goedehoop. Thungela also holds a 50% interest in Phola, which owns and operates the Phola Coal Processing Plant, and a 23.22% indirect interest in Richards Bay Coal Terminal (RBCT). RBCT is a coal export facility in Africa. The Company export thermal coal portfolio to the Indian, Asian, SEA, Middle East and North African markets.