Underwriting
UNDERWRITING CONSIDERATIONS
Our assessment process.
FACILITY LIMIT
R150.0M
PER CLIENT CAPACITY
Company & shareholder experience
Mining track record across the group.
Financial analysis
Company and shareholder financial standing.
Compliance
Water licences, mining permits, regulatory status.
Funding structures
Including funding of the collateral itself.
Management team
Operational competence and depth.
Mine evaluation
Method, offtake agreements, EMP report.
Life of mine
Resource quantity, commodity pricing, closure plans.
Security documents
ndemnities, counter-indemnities, personal sureties.
CHECKLIST OF INFORMATION
A completed and signed Application Form, plus:
Depending on the applicant’s trading history, the following supporting documentation is required.
New Company (No Trading History)
01
Proof of Funding
02
Proof of Funding
03
An Organogram detailing the shareholding of the company
04
Brief CV’s of the Key Individuals
05
A copy of the EMPR Report
06
Bankable Feasibility Study
07
Latest Personal Asset & Liability Statements for all Natural Shareholders
08
Latest Audited Financial Statements for all Juristic Shareholders
Existing Company
01
Latest 3 Years Financial Statements
02
Latest Management Accounts
03
A Cashflow forecast for the company for 12 months
04
Latest EMPR
05
Confirmation of Current Rehabilitation obligation as determined by an External Professional
06
Details of Existing Guarantees
07
Latest Personal Asset & Liability Statements for all Natural Shareholders
08
Latest Audited Financial Statements for all Juristic Shareholders
