Salungano Group delivers resilient annual results amidst embarking on its “Just Transition”
“Salungano” is a Venda word representing the age-old practice of passing on knowledge, heritage, vision, and a generational mission.
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.
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.
In-depth Look at Salungano Group.
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