The coal-trading operations are housed under Vunani Resources which has been in operation since 2012 and is a subsidiary of Vunani Capital.
Vunani Resources’ current activities include reclaiming and beneficiation of the discard dump at Schoongezicht located in the Mpumalanga area. The company uses various suppliers in the beneficiation and transportation role, which enables it to support smaller businesses in the area. The coal that is produced is either export quality or sold to the domestic market. The coal is delivered to various sidings in the area.
Investments in coal mining are held by Vunani Mining, which owns 37.5% of Black Wattle Colliery and 33.3% of Butsanani Energy Investment Holdings. Black Wattle operates a mine based in Middleburg and Butsanani’s main investment, Reitvlei Mining Company, is based in Middelburg.
The other investments segment refers to investments held either through subsidiaries or Vunani’s associates. This segment has a broad mandate to acquire equity stakes in both listed and unlisted companies, principally as an active black economic empowerment partner , with the principle focus on the energy and the coal sector.
A key strategy is to partner with established players that have extensive experience in managing and operating similar investments with the intention of expanding and growing their operations.
The key objectives are to generate a good annual return on investment, to focus on core investments and to undertake transactions in defined focus areas. These include private equity companies, commercial property ventures, mining investments and African initiatives with local partners in the relevant domiciles. The investment team has extensive experience in undertaking and managing private equity investments, and has played a strategic and active role in assisting investee companies to expand and grow their operations.