Shongwe Basin Coal ( PIt 4 & 4A)

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

Impact: 162 jobs created

Milestones: mined 70% of the projected coal until mining contractor complications forced the project to close. The project achieved record-high profits in 2022.

Challenges: flooding of underground mining in OB2A, then moved mining operations to OB4 Pit.