SUBSIDIARY NAME
COLLATERAL TRADING COMPANY PTY LTD
COUNTRY
SOUTH AFRICA
SECTOR/ INDUSTRY
ENERGY
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
APR 22, 2022
ACQUISITION VALUATION
1.5 BILLION USD
TOTAL ASSET VALUATION
11.5 BILLION USD
MINING
COLLATERAL TRADING COMPANY PTY LTD: IIB- DG acquires COLLATERAL TRADING COMPANY PTY LTD to source for investors to finance a coal mining project in South Africa. Coal is a source of energy that powers electricity engines. The project owner is keen to have a serious partnership agreement with the investment group to ensure that the coal project comes to life once again. The amount needed to undertake this project is about $45 million.
COUNTRY
SOUTH AFRICA
SECTOR/ INDUSTRY
ENERGY
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
APR 18, 2022
ACQUISITION VALUATION
2.5 BILLION USD
TOTAL ASSET VALUATION
22.5 BILLION USD
ENERGY-OIL-REFINERY-GAS
COLLATERAL TRADING COMPANY PTY LTD: IIB-DG acquires COLLATERAL TRADING COMPANY PTY LTD on APR 18, 2022. to conduct a conceptual study for a project in the Waterberg Coalfield of South Africa, on the farm Majama Zyn Koppie 254 LQ (“the project area”). Collateral is seeking to raise capital from the Industrial Development Corporation (“IDC”) of South Africa to advance the project and has been advised to seek technical advice from an independent consultant to conduct a due diligence review on the existing geological report.