MX Projects and Experience

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MX has arranged mining finance for gold, titanium, iron ore, coal, base metal, diamond and industrial mineral projects. The project types included mining operations, mine development projects and exploration projects. Selected MX projects include the following:

Mining contractor - mine equipment financing

Project	Opencast mining fleet financing
Commodity	Energy minerals
Project stage	Mine development
Business case	The project entailed the development of a large-scale opencast mine. The complete opencast mining fleet had to be financed.
Mining capital	Equipment finance
MX role	MX arranged a fully funded equipment solution for the opencast mining fleet, including a credit guarantee, in support of the overall mine financing.

Diamond mine establishment - vendor financing

Project	Recommission mothballed diamond mine
Commodity	Diamonds
Project stage	Operations
Business case	The project entailed recapitalising a mothballed diamond mine and commencing production. An opencast mining operation and diamond processing plant was established.
Mining capital	Contractor finance
MX role	Arranging vendor financing to capitalize the mining operation.

Titanium mine development project - Debt, DFI & contractor finance

Project	Metals project
Commodity	Titanium, iron ore, vanadium
Project stage	Construction
Business case	A large-scale iron ore project with a feasibility study has been re-engineered to a small high-grade titanium project to attract funding.
Mining capital	Debt finance, DFI finance, contractor finance
MX role	Advisory services – development of business case for capitalisation, capital raise

Opencast mining contractor - equipment financing

Project	Opencast mining contractor
Commodity	Coal
Project stage	Operations
Business case	The project entailed financing the opencast mining fleet, including a fleet 95-ton rigid trucks.
Mining capital	Equipment finance
MX role	Lease financing of opencast mining fleet

Coal and energy project - equity, debt, offtake & contractor finance

Project	Coal and coal to liquids project
Commodity	Coal
Project stage	Feasibility
Business case	The project entails the development and funding an opencast and underground coal mine and energy project, which will produce 1.2 million tons of high-grade thermal coal for export and a coal to liquids project.
Mining capital	Equity, debt, offtake and contractor finance
MX role	Advisory services – development of business case for financing, capital raise

Gold mine – DFI financing / streaming financing

Project	Opencast gold mine
Commodity	Gold
Project stage	Operations
Business case	The project entailed the development of an opencast mine and CIL gold processing plant.
Mining capital	Streaming finance Development finance Contractor vendor finance
MX role	Arrange financing

Chrome mine – Offtake financing

Project	Opencast chrome mine
Commodity	Chrome
Project stage	Operations
Business case	The project entailed establishing an opencast chrome operation and processing plant.
Mining capital	Pre-production and offtake finance
MX role	Arrange financing

Recapitalizing distressed mine – contractor, offtake & streaming finance

Project	Recapitalizing distressed mines
Commodity	Coal
Project stage	Operations, mothballed operations
Business case	Mine was closed as a result being unprofitable. The mine was converted into a mineral logistics hub.
Mining capital	Contractor finance, offtake finance, equity finance
MX role	Reengineering of the mining business case, capital raise

Coal project – project finance

Project	Coal project
Commodity	Coal
Project stage	Development
Business case	The project entailed the development of a medium sized opencast coal mine.
Mining capital	Debt facility
MX role	Advisory services – development of business case, capital raise