Resources & Energy

DIVISIONS

Since 2008 VCP has been the BEE partner and a 37.5% shareholder in Black Wattle Colliery, an operating junior coal miner in Middleburg. Black Wattle Colliery has a 120 000tpm washing plant and rail facilities which enables the mine to sell both domestic and export coal. Black Wattle Colliery is in the process of securing additional resource rights which will extend the life of mine to over five years.

VCP holds 7,2 million A par value shares in (registered in the British Virgin Islands), representing 0,76% of the total A par value shares in issue. Ferrox is the majority owner of the Tivani Project (commodities include ilmenite (TiO2), iron, vanadium (V2O5) and phosphate) which is currently in the development stage located in the Limpopo province in South Africa.

Vunani is exploring opportunities to enter into renewable energy investments.

VCP is a 33,3% founding shareholder of Butsanani Energy set up in 2012 in partnership with Anglo American which owns the balance of the shareholding. Butsanani Energy’s most significant investment is its 51% shareholding in Rietvlei Coal Mine (near Middleburg) which was developed from a Greenfield resource to steady state production in 2020. It currently supplies coal to Eskom and has the capacity to produce some 3 million tons per annum over its life of mine, estimated at 15 years. Butsanani Energy is in the process of closing a transaction which will give it a 25% shareholding in Zondagsvlei Colliery, which holds mining rights to 18 MTIS coal and an estimated life of mine of 8 years.

Through Vunani Resources a mining team has been established which has been reclaiming and beneficiating coal from an Anglo Coal discard deposit called Schoongezicht since 2017. The coal that is produced is sold into both the export and domestic market. With a number of years of operating experience VCP expects this business to grow its volumes through securing additional deposits from the coal majors.