Salungano Group Ltd
JSE:SLG
Salungano Group Ltd
Salungano Group Ltd. is an investment company, which engages in the mining, processing, supply, sales, and distribution of thermal coal. The company is headquartered in Johannesburg, Gauteng and currently employs 263 full-time employees. The company went IPO on 2005-07-20. The firm and its subsidiaries are engaged in the mining, processing, and trading of coal. The firm operates through four segments: Mining, Trading, Property Rental and Investment Holding. The Mining segment is involved in the exploration, beneficiation, and mining of bituminous coal. The Trading segment buys and sells coal to inland customers. The Property Rental segment rents property to other segments within the Company. The investment holding segment is the holding company and also acts as a central treasury function. Its trading division offers a range of coal products on a countrywide basis. The firm's mines include Elandspruit, Khanyisa Complex Colliery, Vanggatfontein Colliery (VGF), Moabsvelden, and Arnot Mine. The firm's customers include companies, ranging from power generation entities to manufacturers.