Salungano is listed on the main board of the Johannesburg Stock Exchange (“the JSE”). The company, through its two divisions: Mining and Trading, is a coal-focused mining company incorporating mining, processing, selling and distribution of coal and coal-related products.
Post the 2019 year-end, Salungano acquired a 50% interest in the empowering Arnot Mine from Exxaro. The group business now has coal resources in excess of 300 million tonnes, three operating mines, four processing plants and minor interests in coal supply chain infrastructure.
Simeka and its partners currently control 77.5% of Wescoal, through an initial investment in 2015 and subsequent investments.