Centaur IPC Holdings South Africa (Pty) Ltd

Name: Transvaal Navigational Collieries (OC4B Pits - Deal 2)

Location: Kriel, Mpumalanga, South Africa

Commodity: Coal rail logistics

Entry date: Jul 2025

Exit date: Aug 2026

Capital Committed: R6,000,000

ROI: 40%

MOIC: 1.4x

IRR: 40%

Model: Revenue-Based Financing (RBF)

Mine stage: Pre-production, resource statement validated

Production: 1,200,000t, RB 2 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.