Thungela announced the successful registration of Thungela Marketing International (TMI) with the Dubai Multi Commodity Centre Authority (DMMCA). The Dubai office will house the export marketing team, operating under TMI and this team will be responsible for overseeing a broad range of marketing functions, catering to both the South African and Australian assets.
“This is a key milestone toward fulfilling one of our strategic objectives – to create future diversification options,” July Ndlovu, CEO of Thungela said. “TMI gives us direct access to seaborne markets and helps us to strengthen relationships with our customers. Our presence in Dubai is testament of the steps we are taking to realise geographic diversification and becoming a key player in the international market.”
Thungela said the expansion into Dubai underscores its intention to stay attuned to the needs of customers and the global commodities market, deliberately positioning the company as a coal producer with a global footprint.