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 grow our developing economy.

We further understand that the move to less carbon-emitting technologies must, as far as possible, not leave workers and communities in affected areas in a worse off position.

Therefore, the balancing act required to manage these challenges has dictated our future strategy, which will focus on investments in diverse complementary sectors.


We are proud of the role that we have played in helping our country meet its energy needs and look forward to playing an even more significant part in contributing to South Africa’s future energy mix.

We started as a coal trading company but quickly established and grew our coal mining division, now the more significant part of our business.

The company has become a strong cash generator and has delivered shareholder returns through dividends and share buy-backs.

The transformation has been at the centre of our journey, with B-BBEE ownership increasing to 70% and significant progress made on the employment equity front, with most current managers and executives coming from designated groups. Increased spending on local economic development (LED) initiatives, corporate social investment, and other empowerment initiatives have also been crucial in our recent history.

Our Business Vision


From our origins in coal trading to listing the company on the JSE in 2007 and then bolstering our business through acquiring a fellow listed coal miner, Keaton Energy, in 2017, our history has been a story of exponential growth.

As we embark on the next phase of our growth story, we will look to build on this momentum, beyond coal, into a diverse range of investments.

Value proposition

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We are an investment company with a difference, transformational by nature, having transformed a coal trading company into an impactful coal mining company
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We boast visionary leadership, which has demonstrated management capability to transform and grow businesses and be value accretive to all stakeholders
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We leverage the relationships of our leadership and networks to unlock value and growth opportunities for our investee and operating companies
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Our investment companies will have access to capital markets through our listed Holding Company for future expansion
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We have a sizeable balance sheet and access to funding partners with the ability to execute the right funding package

Our Divisions


Salungano Resources’ strategy to diversify its income streams has positioned the group to meet Eskom’s increased demand and optimise supply to other domestic and export customers.