Ferrovanta Mining Services — Appendices and Supporting Schedules
Supporting appendices and schedules underpinning the Ferrovanta Mining Services business plan and financial model.
Section 19 · Business Plan
Appendices and Supporting Schedules
Supporting appendices and schedules underpinning the Ferrovanta Mining Services business plan and financial model.
Appendix A — Glossary of Key Terms
| Term | Definition |
|---|---|
| BCM | Bank Cubic Metre — volumetric measure of unbroken in-situ rock or soil; the standard productivity metric in open-cast mining |
| DSCR | Debt Service Coverage Ratio — operating cash flow available for debt service divided by debt service obligations |
| EBITDA | Earnings Before Interest, Tax, Depreciation and Amortisation — proxy for operating cash generation |
| FCFF / FCFE | Free Cash Flow to Firm / to Equity — cash flow available to all capital providers / to equity holders only |
| FMS | Fleet Management System — software platform for real-time mine production optimisation |
| LTIFR | Lost Time Injury Frequency Rate — number of lost-time injuries per 200,000 hours worked |
| PGM | Platinum Group Metals — platinum, palladium, rhodium, iridium, ruthenium, osmium |
| SADC | Southern African Development Community — 16-member regional economic community |
| SHEQ | Safety, Health, Environment and Quality |
| TRIFR | Total Recordable Injury Frequency Rate — number of recordable injuries per 200,000 hours worked |
| B-BBEE | Broad-Based Black Economic Empowerment — South African economic transformation framework |
| DFI | Development Finance Institution — e.g. DBSA, IFC, AfDB, IDC |
| OEM | Original Equipment Manufacturer — Caterpillar, Komatsu, Liebherr, etc. |
Appendix B — Source References
- Global Market Insights (2024) — Contract Mining Services Market
Size, Share & Forecast 2025-2034 - Mordor Intelligence (2025) — South Africa Mining Equipment Market
Size, Share & 2030 Growth Trends Report - MIBRE (2025) — Mining Sector Report 2025
- ResearchAndMarkets / Globe Newswire (December 2024) — South
Africa Mining of Minerals Services Sector Report 2024 - Statista (2025) — Mining Industry in South Africa, Statistics
& Facts - GTAC (Government Technical Advisory Centre) — South African
Mining Sector Forecast to 2025 - World Bank — Minerals for Climate Action: The Mineral Intensity
of the Clean Energy Transition - South African Reserve Bank — Monetary Policy Committee
Statements - International Monetary Fund — Article IV Consultation Reports for
South Africa - Department of Mineral Resources and Energy (DMRE) — Mining
Charter and policy publications - Chamber of Mines / Minerals Council South Africa — Annual Reports
and benchmarking data - Public disclosures and integrated reports of comparable listed
companies: Aveng Group, Master Drilling, Perenti, NRW Holdings,
Macmahon, Mader Group
Appendix C — Investor Engagement Process
Interested parties are invited to engage with the Company through a
structured process:
- Step 1 — Initial Indication: Submission of a
non-binding expression of interest to the Corporate Finance
Office. - Step 2 — NDA and Information: Execution of a
mutual Non-Disclosure Agreement, followed by access to the management
presentation deck and information memorandum. - Step 3 — Management Meeting: Face-to-face
meeting with the founding management team and key advisors. - Step 4 — Due Diligence Dataroom: Access to the
full virtual dataroom, including detailed financial model, market study,
technical report, and legal documentation. - Step 5 — Term Sheet: Submission of a non-binding
term sheet by interested parties. - Step 6 — Confirmatory Due Diligence: Final
commercial, legal, financial, and technical due diligence. - Step 7 — Final Documentation and Financial
Close: Negotiation and execution of definitive agreements;
financial close.
Appendix D — Contact Information
All inquiries regarding this Business Plan, the capital raise
process, or any related matter should be directed to the Corporate
Finance Office of Ferrovanta Mining Services (Pty) Ltd through the
appointed financial adviser. Detailed contact particulars will be
provided upon execution of the Non-Disclosure Agreement.
— End of Business Plan —
Strictly Private and Confidential. Document version
v1.0.
Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of Ferrovanta Mining Services (Pty) Ltd.