Mission Statement, Vision, & Core Values (2026) of Thungela Resources Limited.

Discover how Thungela Resources Limited-established in 1945-translates a long legacy of mining expertise into a modern pledge to 'responsibly create value together for a shared future,' balancing coal production and global export operations centered in South Africa with additional assets in Australia; learn why their vision to be a 'preferred employer to ignite change for the future' drives investments in talent, innovation and agility, how a relentless focus on Safety has sustained a fatality-free business for over two and a half years, and how core values-Safety, Accountability, Excellence, Care & Respect, Agility and Entrepreneurship-shape decisions that aim to create measurable value for shareholders, employees and host communities.

Thungela Resources Limited (TGA.L) - Intro

• Mission: To be a premier supplier of high-quality thermal coal, operating safely and sustainably while delivering long-term value to stakeholders.
• Vision: To be recognised as a resilient, responsible and efficient thermal coal company that balances commercial performance with social and environmental responsibility.
• Strategic priorities:
  • Optimise operational cash generation through reliable production and cost discipline.
  • Maintain disciplined capital allocation and strong balance sheet management.
  • Invest in safety, environmental mitigation and community partnerships to secure social licence to operate.
  • Position the business to capture export demand, particularly from Asia and other thermal coal markets.

• Safety-first culture: Zero-harm ambition supported by behavioural-based safety interventions and measurable safety KPIs.
• Operational excellence: Continuous improvement in mining productivity, fleet utilisation and cost per tonne.
• Accountability and integrity: Transparent governance, compliance with local regulation and adherence to investor disclosure standards.
• Environmental stewardship: Progressive management of emissions, dust, water and rehabilitation obligations.
• Community partnership: Local procurement, skills development, health programmes and social investment aligned with host community needs.

• Safety: Target of continual reduction in LTIFR and medical treatment case rates through training, contractor management and technology (real-time monitoring and fatigue management systems).
• Environment: Measured reduction of water intensity and dust emissions; progressive mine rehabilitation plans and biodiversity assessments for high-priority sites.
• Climate and emissions: Disclosure of scope 1 and 2 emissions with initiatives to reduce fuel and fugitive methane intensity per tonne of coal produced.
• Community investment: Local procurement targets, apprenticeships and social infrastructure projects in host communities focused on health, education and livelihoods.

• Shareholders: Cash generation and disciplined returns via dividends and balance sheet strength.
• Employees: Safe working conditions, training pathways and retention programmes.
• Host communities: Job creation, enterprise development and social investment aligned to community priorities.
• Customers: Reliable supply of high-energy thermal coal meeting quality specifications and contractual obligations.

Thungela Resources Limited (TGA.L) - Overview

• 'Responsibly' prioritizes environmental stewardship, safety and compliance in mining and logistics operations.
• 'Create value together' underscores collaboration with employees, host communities, customers and shareholders through fair employment, local procurement and revenue-sharing.
• 'For a shared future' signals a long-term orientation: sustaining operations while managing transition risks for coal-dependent regions and stakeholders.

• Safety-first: zero-harm goal with measurable HSE targets and continuous improvement.
• Accountability: clear performance metrics and transparent reporting to stakeholders.
• Collaboration: partnering with communities, labour and customers to share benefits.
• Integrity: ethical conduct and regulatory compliance across all jurisdictions.
• Sustainability: reducing emissions intensity, rehabilitating land and investing in social programs.

• Maintain reliable thermal coal supply to key export markets (Asia, Europe).
• Optimize margins through cost control, logistics efficiency and product quality.
• Deliver shareholder returns via disciplined dividends and balance sheet management.
• Advance environmental performance: emissions intensity reduction, water management and progressive land rehabilitation.
• Support host communities with employment, procurement and social investment programs.

• Local employment and procurement: structured programs to maximize local supplier participation and skills development.
• Community investment: funding for health, education and enterprise development aligned to long-term regional economic resilience.
• Governance: board oversight of ESG performance, risk management and stakeholder engagement to align with the 'create value together' ethos.

Thungela Resources Limited (TGA.L) - Mission Statement

• Preferred employer: attract, develop and retain high-calibre talent through safety, career pathways and competitive remuneration.
• Ignite change: drive transformation via operational improvements, digital adoption and low‑emission initiatives.
• For the future: prepare for shifting markets by diversifying product mix, optimizing cost structures and strengthening stakeholder partnerships.

• Safety-first culture: reduce LTIFR and fatality risk through training, standards and incentives.
• Operational excellence: increase ROM yield and lower cash cost per tonne to improve margin capture.
• People & skills: invest in apprenticeships, upskilling and leadership pipelines to maintain 'preferred employer' status.
• Decarbonisation & ESG: implement methane mitigation, energy efficiency and rehabilitation targets to reduce Scope 1 & 2 intensity.
• Capital allocation: prioritise projects with resilient returns while returning surplus cash to shareholders via dividends/ buybacks.

Thungela Resources Limited (TGA.L) - Vision Statement

• Safety - Paramount: Thungela has operated a fatality‑free business for over two and a half years, prioritising life‑preserving systems, behavioural safety programmes and leading indicators to sustain this record.
• Accountability - Ownership of outcomes: Every managerial and operational tier is expected to take responsibility for decisions, actions and performance, reflected in clear KPIs, personal performance contracts and board oversight.
• Excellence - Continuous improvement: A culture of raising the bar across production efficiency, environmental management and financial discipline, aiming to improve key operating metrics year‑on‑year.
• Care & Respect - Community and human focus: Emphasis on respectful relationships with host communities, measurable community investments and social impact programmes that channel mining benefits locally.
• Agility - Simplicity and speed: Decision frameworks enable frontline employees to act quickly; streamlined processes reduce lead times and improve operational responsiveness.
• Entrepreneurship - Owner mindset: Encouraging small, incremental changes at all levels that compound into substantial operational and commercial gains.

• Safety systems and targets: fatality prevention programmes, leading indicator dashboards, safety interventions at mine‑level and contractor management.
• Accountability frameworks: executive scorecards, balanced scorecards for operations, and transparent reporting of deviations and corrective actions.
• Performance excellence: continuous improvement projects (productivity initiatives, cost‑per‑tonne reduction targets) and benchmarking against peer producers.
• Community engagement and social investment: targeted local procurement, skills development, and community infrastructure projects tied to measurable outcomes (jobs created, beneficiaries reached).
• Agility and decision rights: simplified approvals for operational change, delegated budgets to site managers, and use of short feedback loops to scale successful pilots.
• Entrepreneurial incentives: recognition and reward schemes for frontline innovations that deliver measurable savings or productivity gains.