Shongwe Basin Coal

Location: Kriel, Mpumalanga, South Africa

Commodity: Coal

Entry date: Feb 2020

Exit date: Oct 2023

Model: Revenue-Based Financing (RBF)

Mine stage: pre-production, resource statement validated

Production: 1,500,000t, RB1,2,3 coal.

Milestones: Mined 70% of the projected coal until mining contractor complications forced the project to close.

Challenges: Flooding of underground mining in Shongwe, which necessitated moving mining operations to the Malahleni Coalfields.