Location: Kriel, Mpumalanga, South Africa

Commodity: Coal rail logistics

Entry date: Apr 2024

Exit date: Aug 2025

Model: Revenue-Based Financing (RBF)

Mine stage: pre-production, resource statement validated

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

Milestones: 65% of the projected coal has been railed to Richards Bay, and the exit date has been moved to December 2025 instead of August 2025.

Challenges: Transnet breakdowns, planned and unplanned maintenance; equipment theft at Siding, leading to a 4-month delayed exit.

Shongwe Coal Basin

Bergwind Colliery (Block 4B – Phase 1)