Businessinsider.co.za | The JSE is getting a new coal company - created out of Anglo assets. Here’s how big it could be
Apr 15, 2021 38 secs

Anglo has already sold some of its local coal mines, and currently only produces thermal coal in South Africa for the export market.

Anglo currently produces 16.5 million tonnes coal for the export market in South Africa, which earned revenue of almost $1.7 billion (R25 billion) in the past year.

But the local thermal coal unit suffered a $15 million loss (before interest, taxes, depreciation and amortisation) for the past year as the pandemic hit its operations, export sales and coal prices.

If Thungela can show a profit this year– on par with what was achieved in 2018 by the thermal coal unit – the company could have a market value of around R20 billion, based on Exxaro’s current forward price to earnings ratio of 5 times, she said.


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