Liberum appointed as Joint Corporate Broker to Thungela Resources Limited

We are pleased to announce that Liberum has been appointed as Joint Corporate Broker to Thungela Resources Limited with immediate effect.

Thungela

Thungela Resources Limited is being spun out of FTSE 100 listed Anglo American plc as part of their strategic initiative to divest their South African thermal coal assets. Thungela will be dual listed on the Standard Segment of the LSE’s Main Market and the JSE on 7 June 2021.

Thungela is one of the largest pure-play producers and exporters of thermal coal in South Africa based on aggregate thermal coal reserves and marketable thermal coal production.

The Company owns interests in and produces its thermal coal predominantly from seven mining operations which consist of both underground and open cast mines located in South Africa.

Liberum Team

Board - David Parsons

Investment Banking - Scott Mathieson, Louis Davies, Cara Murphy

Research - Ben Davis, Tom Price, Hugh Carrow

Sales - Matt Randall, Simon Fickling

CIR - Nicole Barbour

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