Name: Transvaal Navigational Collieries (OC4B Pits - Deal 1)

Location: Kriel, Mpumalanga, South Africa

Commodity: Coal rail logistics

Entry date: Sept 2024

Exit date: Oct 2026

Capital Committed: R7,000,000

ROI: 83.56%

MOIC: 1.84x

IRR: 35.48%

Model: Revenue-Based Financing (RBF)

Mine stage: Pre-production, resource statement validated

Production: 1,200,000t, RB 2,3 coal

Operators: Centaur IPC Holdings South Africa

Impact: 40 at the pit, 36 on the wash-plant jobs created

Limited Partners: Gibela Fund

Milestones: Dewatering is at 90% completion, and mining has commenced on the fringe blocks of the OC4B Pit.

Challenges: Dewatering took longer than expected, by 3 months.

OC4B Deal 2

OC4 & OC4A