Thungela Resources Limited provided earnings guidance for the year ended December 31, 2021. Shareholders are advised that earnings per share ('EPS') for the year ended 31 December 2021 is expected to be between ZAR 60.32 and ZAR 61.27, an increase of between ZAR 65.63 and ZAR 66.58 per share compared to a loss per share of ZAR 5.31 for the year ended 31 December 2020. Earnings increased as a result of the increase in revenue driven by the strong price environment for thermal coal in 2021 and higher realised prices achieved by the Group.