We believe Africa has the potential to lead the way to a brighter, more stable, secure and flourishing future.
Our roots – resources, people and innovative thinking – show us that we have everything we need to grow and flourish.
At Ndalamo Resources we focus on investment opportunities in the South African mining sector from coal to renewable energy, so that we can realise our vision to create sustainable value for all our stakeholders.
Ndalamo Resources was first born in February 2013 by a mix of leading professionals and entrepreneurs ranging from mining to financial and social responsibility industries, each with the vision to find, build and grow sustainable value in the mining sector.
Ndalamo was formed.
2022
New Clydesdale Colliery (NCC) acquired.
2020
Ubuntu Colliery (Ubuntu) commences production.
Steady state production volumes.
North Block Complex (NBC) acquired.
First formed in February 2013 by a mix of leading professionals and entrepreneurs ranging from mining to financial and social responsibility industries with the vision to find, build and grow sustainable value in the mining sector.
100% black owned and managed mid-tier mining house.
100% Majority women in senior management.
Women participation in shareholding team.
BSc. Honours (geology), GDE
Mining Engineering, MBA, University of Edinburgh
25 years experience
Financial Director
Chartered Accountant (SA)
13 years experience
30 years experience
MSc Environmental Science
21 years experience
MinahExecutive Head: Business Development
BCom Hons Financial Management,
CIMA advanced management
9 years experience
Executive Head of Energy
BSc. Chem Eng. Hons, GDE Metallurgy, MBA
20 years experience
A look at our current assets.
At Ndalamo Resources we believe in structuring and restructuring assets to ensure that we can maximise our resources –within a sustainable growth structure –to ensure continued value creation for all stakeholders. We are constantly looking for new ways to stretch out and plant new roots; to grow our returns, people and communities for years to come.
Ndalamo Coal is being established, which will consolidate all the coal operations namely NCC, NBC, Springboklaagte.
NCC mine is situated in the Kriel area of Mpumalanga and includes New Clydesdale Colliery and Roodekop.
Having been purchased from Exxaro, NCC has now returned from a mothballed mine to a profitable production.
ROM coal is processed at the existing coal handling and processing plant (CHPP) and the NCC plant has also been upgraded and renovated to meet current production requirements.
(September 2016) involved underground mining from Diepspruit, utilising conventional board and pillar mining methods with continuous miners (CMs) and shuttle cars. Drill and blast mining methods were used for dyke areas.
(February 2017) saw the development of the contractor operated truck and shovel open-pit at Roodekop.
saw the opening of a new boxcut and we expect to break ground on this project during the second half of the 2023 financial year.
This project is expected to contribute an additional 25.3 million tons to the remaining reserve.
NBC Mining Complex is situated outside Belfast in Mpumalanga.
The Complex consists of the Glisa, Paardeplaats and Eerstelingsfontein mining rights, making use of open-pit strip mining methods with continuous rehabilitation. Located near Eskom’s Arnot, Tutuka and Komati power stations, production consists mainly of domestic thermal coal along with export-quality coal.
Eerstelingsfontein’s rehabilitation is currently being finalised, whilst the rest of the operations process coal, selectively, through a 350tphr raw bypass crush & screen plant as well as the DMS plant with capacity of 700tphr. NBC also owns a rail siding, which is being refurbished for use on the Maputo, RBCT and Durban rail networks.
Our Ubuntu Colliery is a single-product coal mine located in the Mpumalanga Province 20 km Southeast of Delmas and 18km North of Leandra.
Its mining rights include several resource blocks but our focus includes the two resource blocks North of the mining right, OC1 (OCNE) and OC2 (OCNW). Ubuntu’s remaining resource blocks are currently being considered for future extraction and the mining where the ROM coal is placed on ROM surface stockpiles. This resource is then crushed and screened to meet with current domestic coal supply agreements.
in Delmas in the Mpumalanga Province.
Mining operations will consist of standard truck and shovel strip mining for Eskom with opportunistic export quality product. Extension, a continuation of mining from the contiguous Kangala projects promises to become a very large mining operation. is currently undergoing feasibility studies which should be finalised by the end of 2023.
What is our plan? How will we win?
What are our goals & aspirations? How will we configure?
Where will we play?
Fulfil Own Generation needs.
Grow South African footprint. (Services and Distributed Generation)
Follow Ndalamo Resources into new markets.
Inorganic new market entry for Distributed Generation & Utility.
Existing, sizeable renewable platform & brand. Partnershps. Organic skills development.
Aquire skills & new market entries.
Debt Finance energy strategy
Ndalamo Decarbonation Capital Deployment
Generating Capacity (up to 300 GW gross)
Target Returns
EBITDA
Fast-growing start-up culture
Simple Lean Empowered
C&I Generation
Utility Generation Services
Detailed feasibility study underway.
Springboklaagte Mine is a greenfield project that is currently awaiting the final regulatory approvals.
This will be an underground operation primarily comprising of RB1 with middlings targeted to the domestic coal market.
We aim to continue to retain our profit margins through focused cost cutting interventions, advancing our diversified suit of assets through:
Organic production of existing assets
Consolidation and acquisition of assets with strategic fit
Introducing new investment opportunities into every business
Diversifying out of coal into other commodities
Central to our future is our move towards a low carbon future. At Ndalamo Resources our strategic outlook is to harness our strengths
We believe we can unlock our true potential by diversifying and expanding our vision to include cleaner energy whilst decarbonising our operation to become carbon neutral by 2050.
Delivering on Ndalamo’s ambition
ESG conscious, carbon neutral by 2050 and a diversified resource portfolio.
Start with own generation projects and expand decarbonisation services business.
Build on our mining and renewables skills and networks.
Partnerships and skills.
Seizing the renewables oppertunity powering a clean world.
Leverege deep understanding of the market and networks focused on mid-tier and junior miners.
Inorganic entry to select new growth markets.
Preferred holding Controlling stake in target company.
Financing
External funding based on the strengths of the balance sheet of the company.
Key risks
Advantages
Existing infrustructure allows Ndalamo to operate immediately and make the operations more profitable.
Access to markets
Will likely have existing customers
Purchase of an entity with a mining right has not been utiliss
External Financing
Length of time it takes to bring operation into production may not be ideal.
Will have to develop relationships with customers based on existing relationships.
Labor
Infrastructure
Will likely have access to facilities such as washing plants rail siding as well as road transport. The business will also likely have existing relationships with logistics companies as well as allocation at various ports.
Will require development of skillls as well as incentives for potential employees to relocate to preferred locations.
Will require investment in infrastructure such processing plants and railway sidings. Need to develop access to infrastructure such as Transnet Freight Rail as well as various shopping channels.
Through collaboration, partnerships and understanding
we are using our resources and empowering our people to create the lives they would like to see for themselves; to grow trees that are life giving.
In 2022 we invested 36 million in the development of community housing and infrastructure, handing over 28 new houses to our Paardeplaats community. During the time of building, we empowered local community members and SMMEs, employing and upskilling to impact generations to come.
Publish the 1st ESG Report at the end of June 2023.
Coal
Set ESG and Climate Change targets – with the aim of reporting on all KPI’s as per the JSE guidelines.
Development of a Green Energy Strategy and implementation over the next 5 years.
Develop systems to enhance ESG and Climate Change reporting and information sharing.
Create ESG and Climate Change awareness within the organisation, suppliers, customers and communities –collective approach.
Measure and improve ESG and Climate Change Reporting through external assurance processes.
