We invest in a range of mining projects, providing capital for both development and production
We are active investors in metals and mining, investing in exploration and development projects, producing mines, processing facilities and storage and logistics infrastructure.
- We invest in underperforming mines, where we partner with management to improve productivity, capital structure and cash-flow generation.
- We acquire concessions and invest in early stage exploration and development projects.
- We invest in metals trading, logistics and storage businesses.
We founded Hendricks Coal LLC, a coal mining company based in West Virginia, USA, in partnership with Investec Bank, focused on developing and producing premium metallurgical coking coal for domestic and export markets.
The company owns and operates the Glen Alum metallurgical coal-mining complex located in Mingo and Logan Counties, West Virginia and Pike County, Kentucky. Hendricks currently has five operational mines, an operational wash plant with annual capacity of 1.5m tons of clean coal, and a permitted refuse facility. The complex has direct access to the Norfolk Southern Railway through its 100% owned unit load-out facility and is close to major transport links within the State.
Hendricks controls 22m tons of clean recoverable coal, with current annual production of 500,000 clean tons of mid to high volatility metallurgical coal, with a target to increase production to 1,500,000 tons. Hendricks also purchases and processes raw coal from local operators.
Hendricks is seeking to acquire a number of regional coals mines, to leverage its processing infrastructure and management expertise.