Zibulo North Shaft project, South Africa
Photo by ©Bloomberg
Name of the Project
Zibulo North Shaft project.
Location
Mpumalanga, South Africa.
Project Owner/s
Pure-play producer and exporter of thermal coal Thungela Resources.
Project Description
The project will extend the life of Zibulo’s underground operation until 2038. The mine is expected to produce eight-million tonnes of run-of-mine coal a year when it reaches steady state.
Potential Job Creation
Not disclosed.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
As at June 30, 2025, Thungela had spent R2.1-billion on the project, including R362-million in the first six months of 2025. The company expects to spend a further R500-million towards the completion of the project during 2025 and 2026.
Planned Start/End Date
The project is expected to be completed in 2026.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
Not disclosed.
Contact Details for Project Information
Thungela Resources, tel +27 11 638 9300.
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