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Executive Summary

Matabeleland Coal Mining (Private) Limited is built to solve Zimbabwe’s coal supply gap

Matabeleland Coal Mining (Private) Limited is a Zimbabwe-registered Private Limited Company (Pvt Ltd) based near Hwange in Matabeleland North, with our administrative and sales office in Bulawayo. We mine, process, and supply washed thermal coal to industrial users that need dependable fuel, stable calorific value, and low ash content for continuous operations.

We are serving cement factories, lime producers, brick manufacturers, tobacco curing facilities, small foundries, and, over time, power-related off-takers. Our business is designed around contracted supply, disciplined dispatch, and quality control because those are the factors that keep our customers running when the market is tight.

The market opportunity is immediate and commercially visible

Zimbabwe has a deep base of industrial coal users that cannot afford supply interruptions or inconsistent product quality. Our target market includes 40 to 50 major and mid-size industrial coal users, with combined demand easily exceeding 3,000,000 tonnes per year.

We are not chasing the full national market at launch. We only need to capture a small, reliable share of contracted industrial demand to fully utilise our initial production plan and create a scalable platform for growth.

:::reassure Why this opportunity is attractive

• We are targeting buyers who need continuity, not speculative commodity traders.
• Our early customer base is already concentrated in sectors that use coal daily or seasonally.
• The business model scales through repeat contracts, not constant reinvention.
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Our first-year economics are already strong

Year 1 revenue is projected at USD 2,160,000, with gross profit of USD 900,072 and EBITDA of USD 480,072. Net profit is projected at USD 273,275, which gives the business a solid earnings base from the first year of operations.

Break-even revenue is USD 1,297,096, and break-even timing is Month 1 within Year 1. By Year 5, revenue reaches USD 7,199,640, showing that the business is built for scale without changing its core model.

At a glance

• Company: Matabeleland Coal Mining (Private) Limited
• Location: Hwange, Matabeleland North, with sales support in Bulawayo
• Currency: USD
• Year 1 Revenue: USD 2,160,000
• Break-even Revenue: USD 1,297,096
• Break-even Timing: Month 1 within Year 1
• Year 5 Revenue Target: USD 7,199,640
• Funding Required: USD 900,000

The funding ask is clear and fully aligned to execution

We are seeking USD 900,000 in total funding to complete startup, commissioning, and early operating runway. The capital structure combines USD 300,000 in equity capital with USD 600,000 in debt principal at 12.0% over five years.

That funding package is sized to match our actual commissioning needs, not an inflated wish list. It covers geological verification, licensing, mine access, contractor mobilisation, crushing and screening setup, site infrastructure, and working capital for fuel, spares, consumables, and ramp-up stability.

:::tip Investor takeaway
This is a production-backed coal business with:

• defined customers,
• defined operating geography,
• defined revenue economics,
• and a clear path from startup capital to cash generation.
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Our commercial model is built for industrial buyers, not short-term spot volume

We generate revenue by mining, processing, and selling thermal coal through long-term supply contracts and selective spot sales. Our flagship product is washed thermal coal sold at USD 60 per tonne, supported by an all-in cost structure that preserves a 41.7% gross margin across the forecast period.

That margin profile is important because it allows us to stay commercially competitive while still funding safe operations, product quality, and delivery discipline. It also gives lenders and equity partners a visible buffer against ramp-up friction, transport challenges, and customer payment timing.

Leadership is already organised around execution

The business is led by In Year, our founder and majority owner, who has a background in engineering and 8 years of experience in industrial operations and logistics in Zimbabwe. He is responsible for strategy, regulatory relationships, key customer negotiations, and capital oversight.

The operating team includes Jamie Okafor, a mining engineer with 10 years of open-cast coal and quarry management experience in Southern Africa, as Operations Manager. Riley Thompson, a qualified accountant with 9 years in mining and construction finance, manages finance and administration. Skyler Park, with 7 years in industrial sales and transport coordination, leads sales and logistics, while Jordan Ramirez, with a degree in environmental science and 6 years in mining SHEQ roles, handles safety, health, environment, and quality compliance.

The five-year plan supports both growth and lender confidence

Our operating ramp starts at 3,000 tonnes per month in Year 1 and grows to 10,000 tonnes per month by Year 5. That scale-up supports annual revenue growth from USD 2,160,000 in Year 1 to USD 7,199,640 in Year 5, while maintaining disciplined cost control and contract-backed demand.

The business is also strong on debt cover. Year 1 DSCR is 2.50, and it improves to 18.07 by Year 5, which confirms that the financing structure is serviceable and the cash generation profile strengthens as production scales.

:::reassure What gives the model credibility

• Gross margin remains fixed at 41.7% throughout the forecast.
• Net income rises from USD 273,275 in Year 1 to USD 1,786,596 in Year 5.
• Closing cash grows from USD 508,775 in Year 1 to USD 4,405,613 in Year 5.
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Why we believe this business is investable

Matabeleland Coal Mining (Private) Limited is not a speculative mining story. It is a contract-led industrial coal business with a defined concession base, a clear customer segment, experienced operational leadership, and a financial model that produces positive earnings, strong cash flow, and improving debt service coverage.

We are entering a market where reliability is valued as much as price. That is exactly where our offer is strongest, because our customers need coal that arrives on time, performs consistently, and supports uninterrupted production.

Company Description

Matabeleland Coal Mining (Private) Limited

Matabeleland Coal Mining (Private) Limited is a Zimbabwe-registered Private Limited Company (Pvt Ltd) established to mine, process, and supply thermal coal to industrial users that need dependable fuel, consistent quality, and scheduled deliveries. We operate from a coal concession near Hwange in Matabeleland North, with our administrative and sales office in Bulawayo to stay close to the country’s strongest industrial customer base.

We transact in USD and structure the business to serve local customers that buy coal as a production input, not as a speculative commodity. Our model is built around reliability, specification control, and contract discipline, because those are the factors that determine whether a cement plant, tobacco curing operation, or small power user can keep operating without interruption.

What We Do and Why the Market Needs Us

Our core business is the supply of washed thermal coal for commercial and industrial use in Zimbabwe. We mine, process, and dispatch coal in a form that is suitable for cement factories, lime producers, brick manufacturers, tobacco curing barns, small foundries, and, over time, independent power producers and ZESA-linked contractors.

We are solving a practical market problem: many coal buyers in Zimbabwe face irregular supply, inconsistent calorific value, and logistical delays that disrupt production. That creates avoidable cost for factories and farms, especially where coal is tied directly to heat generation, curing cycles, or continuous industrial operations.

Our operating promise is simple. We will supply coal that is:

• Consistent in calorific value
• Low in ash content
• Backed by predictable delivery scheduling
• Supported by quality verification and blending discipline
• Sold under clear contract terms with manageable pricing adjustments

This positioning allows us to compete on reliability rather than volume alone. Larger producers in Hwange often focus on bigger off-takers, while we are built to serve smaller and mid-sized customers that still require professional supply standards.

Legal Structure, Ownership, and Control

Matabeleland Coal Mining (Private) Limited is structured as a private company with majority control held by the founder and minority shareholding allocated to local partners. That ownership mix supports regulatory alignment, community participation, and long-term operating stability in the mining environment.

The company is designed for institutional-grade governance even at a small-to-mid scale. Decision-making sits with the founder, while operations, finance, logistics, and SHEQ functions are separated into defined roles to reduce execution risk and improve accountability.

Ownership Profile

• Founder and majority shareholder: strategic control, regulatory coordination, key customer relationships, and capital oversight
• Minority local partners: support for local participation, stakeholder alignment, and site-level community acceptance
• Registered entity: Matabeleland Coal Mining (Private) Limited, a Zimbabwean Pvt Ltd company
• Operating currency: USD

This structure gives investors and lenders a clear legal counterpart, clean ownership visibility, and a company that is already aligned to local compliance expectations.

Founding Position and Operating Base

The business is founded around a concession-based coal mining and processing operation near Hwange, with Bulawayo used as the commercial base. That split is intentional. Hwange places us close to the resource, while Bulawayo gives us faster access to buyers, transport networks, and procurement decision-makers.

Our location strategy matters because coal customers in Zimbabwe do not only buy product. They buy delivery certainty, transport coordination, and the ability to react quickly when their own stock levels change. Being close to both the mine and the market gives us a commercial advantage in serving urgent and recurring demand.

Mission and Operating Philosophy

Our mission is to become a trusted Zimbabwean supplier of thermal coal by delivering reliable tonnage, verified quality, and professional logistics to industrial users who cannot afford supply interruptions.

We operate on four clear principles:

• Reliability first: contracted customers must be able to plan around our supply
• Quality control: coal specification must remain stable across deliveries
• Operational discipline: mine planning, safety, and dispatch must be coordinated tightly
• Commercial transparency: pricing and delivery terms must be clear enough for customers to budget with confidence

This is not a generic commodity business. It is a supply-chain business built around industrial uptime. Our customers care less about marketing language and more about whether the coal arrives on time, meets specification, and supports uninterrupted output.

Target Customers and Commercial Focus

We serve industrial and commercial coal users in Zimbabwe. Our immediate market includes cement plants, lime producers, brick makers, tobacco farmers with central curing facilities, and smaller industrial energy users that need dependable thermal coal supply.

The target customer profile is a buyer that values contract performance over spot opportunism. These customers typically require:

• Stable fuel quality
• Timely dispatch
• Predictable landed cost
• A supplier capable of responding to order changes
• Documentation and compliance support for procurement and audit requirements

We are also positioning the business for future supply into independent power projects and ZESA-related contracting chains, once production scale and customer references are established.

Customer Segments We Prioritise

Segment	Primary Need	Why We Fit
Cement factories	High-heat industrial fuel	Reliable washed coal with consistent specification
Lime producers	Steady furnace supply	Scheduled tonnage and quality consistency
Brick manufacturers	Affordable thermal input	Flexible contract volumes and local delivery support
Tobacco curing barns	Predictable seasonal supply	Dependable availability and straightforward ordering
Small foundries	Clean combustion input	Better quality control and transport coordination

Market Positioning and Competitive Identity

Our principal competitors include established Hwange-based coal suppliers such as Hwange Colliery Company and a range of private operators serving overlapping industrial demand. We do not attempt to outspend them or outscale them in the early phase.

We differentiate through:

• Focus on small and mid-sized industrial customers
• Stronger attention to contract fulfilment
• Regular lab testing and blending
• Better dispatch scheduling
• Transparent medium-term commercial terms that help clients plan input costs

This positioning is especially important in a market where larger suppliers can become overstretched or prioritise bigger contracts. We are building a company that wins repeat business by being dependable, not by overpromising.

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Regulatory and stakeholder alignment
Our mining operation is designed to remain compliant with Zimbabwean licensing, environmental, safety, and community requirements. That includes land access discipline, environmental responsibility, and structured engagement with local stakeholders around Hwange.
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Leadership and Execution Capacity

I lead the business as founder and majority owner, with a background in engineering and 8 years of experience in industrial operations and logistics in Zimbabwe. My role covers strategic direction, regulatory relationships, investor communication, and high-value customer negotiations.

The operating team is built around specialised responsibility rather than informal supervision. Jamie Okafor, our Operations Manager, is a mining engineer with 10 years of open-cast coal and quarry management experience in Southern Africa and is responsible for mine planning, production flow, and safety execution. Riley Thompson, our Finance and Administration Manager, is a qualified accountant with 9 years in mining and construction finance, handling budgeting, cost control, and reporting.

Skyler Park, our Sales and Logistics Coordinator, brings 7 years in industrial sales and transport coordination and manages customer contracts, dispatch scheduling, and on-time delivery performance. Jordan Ramirez, our Safety, Health, Environment and Quality (SHEQ) Officer, holds a degree in environmental science and has 6 years of mining SHEQ experience, ensuring that our operations remain compliant and measurable.

Why the Business Is Investable

Matabeleland Coal Mining (Private) Limited is built around a real supply gap in Zimbabwe’s industrial fuel market. We have a clearly defined concession base, a focused customer list, a registered legal entity, and a management structure aligned to production, finance, sales, and compliance.

That combination gives the business a practical route to scale. We are not entering the market as a speculative explorer. We are entering as a supply-led coal business designed to serve customers that already consume thermal coal and need a more reliable supplier.

Our long-term goal is to become a recognised Zimbabwean coal supplier with enough operational discipline to retain industrial contracts, expand production responsibly, and grow into higher-value washed and sized products over time.

🔒 Continues in the full version

The remaining 9 sections of this document cover:

• Products and Services
• Market Analysis
• Competitive Analysis
• SWOT Analysis
• Marketing and Sales Strategy
• Management and Organization
• Operating Plan
• Financial Plan and Projections
• Funding Request

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