Ndlovu Ridge Colliery

Location: Middelburg, Mpumalanga, South Africa

Commodity: Coal

Entry date: Feb 2019

Exit date: Apr 2020

Model: Revenue-Based Financing (RBF)

Mine stage: pre-production, resource statement validated

Production: 125,000t, B-grade coal

Milestones: Mined 60% of the projected coal until mining contractor complications forced the project to close.

Challenges: Mining under Eskom powerlines, mining contractor equipment failure, contamination of leftover coal.