Wescoal name change approved by shareholders
JSE-listed Wescoal Holdings' shareholders have voted in favour of the group’s proposed name change…
Our mandate is to value and protect land and biodiversity by limiting impacts and restoring resources.
“Salungano” is a Venda word representing the age-old practice of passing on knowledge, heritage, vision, and a generational mission.
Our story comprises the diverse and dynamic people we work with and the communities we serve. With this in mind, we spearhead an evolution that will see us justly transition to a sustainable investment group – giving value to all shareholders.
Who is Salungano Group?
Salungano is on a journey of total transformation that will see us make a just transition from coal to investing in multiple industries and diverse sectors of the economy with a strong focus on ESG. We will continue to have strong roots in coal mining, but we seek investments that deliver sustainable value for all our stakeholders as we diversify.
Our Divisions
Resources
The operating assets of the Mining division consist of four mines (Moabsvelden, Elandspruit, Vanggatfontein and Khanyisa) in the Mpumalanga province. The Group also has a compelling interest of 50% in the Arnot Mine (joint venture).
The Mining division is the most significant part of Salungano Group’s business and has contributed 82% of the Group’s revenue in FY21.
Trading
The Trading division focuses on investments in trading commodities that are mined at our operations or sourced from third party suppliers.
Investors
In-depth Look at Salungano Group.
Download the latest results, reports & presentations
Empowerment
B-BBEE ownership of 70% showing commitment to transformation agenda.
Economic Development
We incubate community-based initiatives to deliver long-term contractual services.
Social Investment
We work with local community forums to deliver our social and labour plans.
