Thungela expects South African export saleable production of about 6.3Mt and Ensham production of about 2.0Mt for the first half of 2026, with full year production guidance unchanged. Higher coal prices were partly offset by a stronger Rand, while South African export sales increased to about 7.5Mt from 6.6Mt. The group expects net cash between R5.9bn and R6.1bn at 30 June 2026 and reaffirmed its policy of paying at least 30% of adjusted operating free cash flow as dividends.
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