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Thungela Resources Limited (TNGRF) Q4 2024 Earnings Call Transcript

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Thungela Resources Limited (OTCPK:TNGRF) Q4 2024 Results Conference Call March 17, 2025 6:00 AM ET

Company Participants

Hugo Nunes – Head of IR
July Ndlovu – CEO
Deon Smith – CFO

Conference Call Participants

Ephrem Ravi – Citigroup
Brian Morgan – RMB Morgan Stanley
Tim Clark – SBG Securities
Thobela Bixa – Nedbank

Hugo Nunes

Good day, everyone, and welcome to Thungela’s 2024 Annual Results Presentation. I’m Hugo Nunes, Head of Investor Relations, and I’d like to take a couple of minutes to introduce today’s agenda and explain how the day will run. But first, allow me to draw your attention to a couple of disclaimers ahead of today’s presentation.

While you take a moment to read through the messages from our lawyers, we will start with our CEO, July Ndlovu, who will share Thungela’s 2024 highlights and update on the execution of our strategic priorities and the market. Our CFO, Deon Smith, will then talk through the financial and operational performance for 2024. And after this, July will provide the 2025 guidance and conclude the presentation. This will be followed by a Q&A session, and we will then close the call at approximately 1:30. [Operator Instructions]

Before I hand over to July, I want to draw your attention to that unless otherwise indicated in the presentation, operational and financial figures related to the Ensham business in Australia in 2023 are based on Thungela’s interest in Ensham for the 4-month period between the acquisition date of 31 August 2023 to 31 December 2023. Now please allow me to hand over to our CEO, July Ndlovu.

July Ndlovu

Thank you, Hugo, and good day to everyone on the call. Today, I’m pleased to share the 2024 annual results with you. These results demonstrate our continued operational excellence and disciplined execution of our strategy. Safety is and remains

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