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# Salungano Group

Previously known as Wescoal

## Sitemaps

- [XML Sitemap](https://salunganogroup.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [Wescoal aims for stability amid production challenges](https://salunganogroup.com/news/wescoal-aims-for-stability-amid-production-challenges/) - Salient Features Revenue R2.1bn (HY19: R R2.1bn) Gross profit R195m (HY19: R R276m) Total comprehensive income R51m (HY19: R108m) Operating costs R184m (HY19: R104m) Headline loss per share -11.9cps (HY19: HEPS 23.5cps) Cash generation R126m (HY19: R291m) Gearing ratio 36% (HY19: 18%) Johannesburg, 26 November 2019 – JSE coal group, Wescoal Holdings, today reported results for the
- [Joint Announcement On Arnot Mine](https://salunganogroup.com/press-releases/joint-announcement-on-arnot-mine/) - 11 February 2020, Pretoria: One of South Africa’s largest black-empowered mining companies, Exxaro, will today finalise its transfer of the Arnot Mine to Arnot Opco, a company, that is owned by former employees, communities and Wescoal. This is a ground-breaking and first of its kind transaction in South African mining history and a transaction that
- [Wescoal delivers first own coal sales from Moabsvelden](https://salunganogroup.com/news/wescoal-delivers-first-own-coal-sales-from-moabsvelden/) - Shareholders are referred to the voluntary SENS update of 25 January 2021, in terms of which, Wescoal indicated that production from the Moabsvelden mine was anticipated in Q4’FY21. Wescoal is proud to inform shareholders that it successfully performed first coal blast at Moabsvelden which led to first own coal sales delivery to Eskom Holdings SOC
- [Annual results for the 12 months to 31 March 2020](https://salunganogroup.com/press-releases/annual-results-for-the-12-months-to-31-march-2020/) - Salient Features • Revenue down 4% to R3.8bn (FY19: R3.965bn) • Cash generated from operations down 70% to R183m (FY19: R462m) • Gross profit down 29% to R333m (FY19: R462m) • Total comprehensive loss – R137m (FY19: R88m profit) • EBITDA down 34% to R332m (FY19: R456m) • Cash generation per share 44cps (FY19: 106cps)
- [Wescoal looking to possibly becoming broader energy company](https://salunganogroup.com/news/wescoal-looking-to-possibly-becoming-broader-energy-company/) - The JSE-listed coal mining company Wescoal is looking to possibly become a broader energy company in which coal remains a substantial but reducing component alongside other energy pursuits such as renewables, Wescoal interim CEO Robinson Ramaite said on Monday. Outlining the company’s major challenges in an interview with Mining Weekly, Ramaite revealed that it is “more and more likely” that
- [Wescoal signs on technology to boost volumes and green operations](https://salunganogroup.com/news/wescoal-signs-on-technology-to-boost-volumes-and-green-operations/) - The fully-funded solution will benefit the bottom line and reduce the environmental footprint of the operations Wescoal has signed a deal that will result in the adoption of sorting technology to upgrade the junior miner’s coal quality, ultimately increasing sales volumes cleaning up its environmental footprint too. In terms of the agreement, Acrux Sorting Coal,
- [Wescoal to report 500% increase in headline earnings](https://salunganogroup.com/press-releases/wescoal-to-report-500-increase-in-headline-earnings/) - Wescoal expects to report a 552% increase in interim headline earnings per share as operational performance improves. The junior coal miner on Wednesday said it is finalising its results for the six months ended 30 September 2021 and expects headline earning per share to be between 19.3 and 21.5 cents a share – an increase
- [Wescoal's strong interim results](https://salunganogroup.com/press-releases/wescoals-strong-interim-results/) - Revenue R2.666 billion (HY21: R2.089 billion) Gross profit R342 million (HY21: R252 million) Total net profit R81 million (HY21: R11 million) Operating expenses R165 million (HY21: R160 million) Mining volumes 4.8 million tonnes (HY21: 4.4 million tonnes) EBITDA R416 million (HY21: R315 million) EPS 19.7 cents (HY21: 2.6 cents) Headline earnings 20.7 cents per share
- [Wescoal name change approved by shareholders](https://salunganogroup.com/news/wescoal-name-change-approved-by-shareholders/) - JSE-listed Wescoal Holdings' shareholders have voted in favour of the group’s proposed name change to Salungano Group. Based on the outcome of the vote, which received nearly 100% approval from Wescoal shareholders, the name change will go ahead. A finalisation announcement regarding the name change is expected on March 29, once the change has been registered
- [Salungano positions for sustainable future with new name and identity](https://salunganogroup.com/press-releases/salungano-positions-for-sustainable-future-with-new-name-and-identity/) - Johannesburg, 7 April 2022 – Today, JSE-listed Wescoal Holdings Limited, which has been part of the South African mining sector from early in the country’s democratic journey, commenced trading under its new name Salungano Group Limited, signalling a crucial step in taking the company forward and enabling it to contribute to the new demands within

## Pages

- [Home](https://salunganogroup.com/) - We are committed to a just energy transition, evolving into a diversified investment group underpinned by ESG as we responsibly mine our current coal resources.
- [Annual Reports and Results](https://salunganogroup.com/investors/annual-reports-and-results/) - Annual ReportsAbridged ResultsFinal ResultsInterim ResultsAnnual Financial StatementsResource and Reserve Reports Integrated Annual Report for the year ended 31 March 2026 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integrated Annual Report for the year ended 31 March 2026 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integrated Annual Report for the year ended 31 March
- [AGM and EGM Notices](https://salunganogroup.com/investors/agm-notices/) - Salungano Notice of AGM 8 September 2026 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Salungano form of proxy of AGM 8 September 2026 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Salungano Notice of AGM 26 May 2026 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Salungano form of proxy of AGM 26 May 2026
- [Resources](https://salunganogroup.com/our-divisions/resources/) - Our Divisions Trading Resources Salungano Resources - represents the Mining division within Salungano Group. Today, the Mining division is the more significant part of the company, accounting for 82% of revenues and 99% of earnings as at 31 March 2021. Salungano Resources’ strategy to diversify its income streams has positioned the group to meet Eskom’s
- [Governance](https://salunganogroup.com/sustainability/governance/) - We have built a strong, viable, competitive, and accountable organisation driven by structures, practices, and codes based on good governance. Our Board ensures that the strategy is relevant, in line with current and emerging investor and stakeholder requirements, making adjustments and changes to maintain short, medium and long-term value-focused objectives. King IV Application RegisterBoard Broader
- [About us](https://salunganogroup.com/about-us/) - Salungano Group is committed to a just energy transition, evolving into a diversified investment group underpinned by ESG as we responsibly mine our current coal resources. We are navigating the demands of the sector while looking at how we can unlock regenerative value, with a 360 degree perspective. Mission Salungano invests in companies that achieve
- [Presentations and Webcasts](https://salunganogroup.com/investors/presentations-and-webcasts/) - PresentationsWebcasts Integrated Annual Report for the year ended 31 March 2021 2022 September – Interim Results Presentation salungano-group-2022-september-interim-results-presentation 2022 March – Annual Results Presentation Lorem ipsum dolor sit amet, consectetur adipiscing elit. 2021 September – Interim Results Presentation Lorem ipsum dolor sit amet, consectetur adipiscing elit. 2021 March – Annual Results Presentation Lorem ipsum dolor
- [Investors](https://salunganogroup.com/investors/) - We view communication and relationship management with our stakeholders as integral to our sustainability and a critical part of our business strategy. Our stakeholder engagement informs our key strategic discussions and is important in identifying our material issues and the steps needed to address these. We strive to ensure open and transparent engagement with all
- [SENS](https://salunganogroup.com/investors/sens/) - powered by Advanced iFrame
- [Share Price Information](https://salunganogroup.com/investors/share-price-information/) - Share Price (JSE) powered by Advanced iFrame Historical Data powered by Advanced iFrame powered by Advanced iFrame powered by Advanced iFrame
- [Financial Calendar](https://salunganogroup.com/investors/financial-calendar/) - Upcoming EventsPast Events Interim Results – December 2022 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Annual General Meeting – October 2021 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Annual results – 24 June 2021 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Interim Results – December 2021 Lorem ipsum dolor sit amet, consectetur
- [Corporate Activities](https://salunganogroup.com/investors/corporate-activities/) - KeatonCircular to Shareholders Wescoal offer to acquire Keaton Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pro forma Financial effects relating to Keaton offer Lorem ipsum dolor sit amet, consectetur adipiscing elit. Keaton CPR 2017 Lorem ipsum dolor sit amet, consectetur adipiscing elit. Keaton Financials Lorem ipsum dolor sit amet, consectetur adipiscing elit. Wescoal Circular
- [PAIA Manual](https://salunganogroup.com/paia-manual/) - PAIA Manual THIS PROMOTION OF ACCESS TO INFORMATION MANUAL IS PREPARED IN TERMS OF SECTION 51 OF THE PROMOTION OF ACCESS TO INFORMATION ACT, 2 OF 2000 (“PAIA”) FOR AND ON BEHALF OF SALUNGANO GROUP LIMITED AND ITS SUBSIDIARIES (“SALUNGANO”) 1. Company Overview Salungano is a South African-based black-owned and led a diversified investment group
- [Website Disclaimer](https://salunganogroup.com/website-disclaimer/) - Website Disclaimer By accessing this website of Salungano Group Limited (“Salungano”), you (the “user”) agree to be bound by the terms and conditions set out hereunder. Salungano reserves the right to at any time, in its sole discretion, change any of the terms and conditions by posting such changes on this website. Such changes shall
- [Supplier Information](https://salunganogroup.com/supplier-information/) - Supplier Information 1. Appointment of Vendor Salungano Group Limited, including its subsidiaries (“Salungano” or “Group”) appoints the vendor (together referred to as “the parties”) on a non-exclusive basis, to supply it with the goods and/or services. 2. Purchase Order Each purchase order for the goods/services (“purchase order”) is placed as a call-off against any anticipated
- [Contact us](https://salunganogroup.com/contact-us/) - Our Offices Salungano House Salungano House First Floor Building 10, Woodmead Business Park, 142 Western Service Road, Woodmead, Sandton, 2191, South Africa Postal Address PO Box 1962, Edenvale, 1610, South Africa Tel: +27 (0)11 049 8611 Fax: +27 (0)11 570 5848 JSE Details Company name: Salungano Group Limited (previously known as Wescoal Holdings Limited) Incorporated
- [Careers](https://salunganogroup.com/careers/) - Our mission is to have a transformed, flexible, highly skilled workforce with the proper knowledge, skill, attitude, and behaviour to participate in an ever-changing business environment fully. Why work with us? Our Culture We aim to be part of transforming the sector from one that has traditionally been an extractive one to one that places
- [Sustainability](https://salunganogroup.com/sustainability/) - A progressive journey of transformation ESG has ignited the vision toward sustainable diversification – new frontiers are on the horizon. The beginning of a new chapter in the Wescoal book – the unfolding story of Salungano Group – the multi-sector diversified investment group. The business has embarked on a carefully crafted transformational process into a
- [Our Business](https://salunganogroup.com/our-business/) - Strategy Salungano Group has been and will remain substantially invested in coal. However, it will be a reducing component of our investment portfolio as we mine the reserves at our existing coal mines. We understand the need to respond to the climate crisis that the world is currently facing while balancing the energy requirements to
- [Environment](https://salunganogroup.com/sustainability/environment/) - Land and Biodiversity Our mandate is to value and protect land and biodiversity by limiting impacts and restoring resources. These are finite resources impacted by coal mining operations. Our activities and interventions reduce damage to soil, land, landscapes, biodiversity and natural habitats. By applying sound principles and practices during and after mining operations, we can
- [Social](https://salunganogroup.com/sustainability/social/) - People Salungano Group has transformed into a black-owned and black-run company attracting quality talent. Transformation and diversity are evident through our diverse workforce, supplier development objectives and Supplier Development and Localisation (SDL) programmes. Women are also increasingly well-represented in every aspect of the company’s activities. We maintain a valuable, value-driven and collaborative workforce by providing
- [News](https://salunganogroup.com/news/) - News Wescoal name change approved by shareholders News Wescoal signs on technology to boost volumes and green operations News Wescoal looking to possibly becoming broader energy company News Wescoal delivers first own coal sales from Moabsvelden News Wescoal aims for stability amid production challenges SearchSearch Archives 2022 2021 2020 2019
- [Press Releases](https://salunganogroup.com/press-releases/) - Press Releases Salungano positions for sustainable future with new name and identity Press Releases Wescoal’s strong interim results Press Releases Wescoal to report 500% increase in headline earnings Press Releases Annual results for the 12 months to 31 March 2020 Press Releases Joint Announcement On Arnot Mine SearchSearch Archives 2022 2021 2020 2019
- [Our Divisions](https://salunganogroup.com/our-divisions/)

## Categories

- [News](https://salunganogroup.com/category/news/)
- [Press Releases](https://salunganogroup.com/category/press-releases/)