In 2023, Thungela Resources Limited, through its wholly owned subsidiary Thungela Resources Australia Pty Limited, acquired a 75% interest in Sungela Holdings Pty Ltd. The remaining 25% interest in Sungela Holdings was acquired by Audley Energy Limited and Mayfair Corporations Group Pty Ltd (collectively, the ‘co-investors’) in equal parts.
Sungela Holdings, through its wholly owned subsidiary Sungela Pty Ltd, then purchased an 85% interest in the Ensham Mine from Idemitsu Australia Pty Ltd and its subsidiary, Bligh Coal Limited, with the remaining 15% stake in the mine held by LX International, through its subsidiary Bowen Investment Australia Pty Ltd.
The Ensham Mine is operated by Ensham Resources Pty Limited.
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