TitanForge – Business Plan

Investment-grade business plan for TitanForge Resources & Infrastructure Holdings — an R92-billion strategic growth programme (2027–2036) to build a diversified South African mining, ferroalloys, logistics, energy and industrial-parks group across five operating divisions and seven expansion projects (Iron Crown, Vulcan, Atlas Rail, Ocean Gate, Helios, Horizon and Forge Industrial Park), anchored by manganese and extended through beneficiation, logistics and export infrastructure, targeting a projected Year-10 EBITDA of R58.5 billion and an enterprise value of R380 billion with an equity IRR of 37–44% across the exit range, and supporting around 25,000 direct jobs, 35 Mtpa of exports and 1.5 GW of renewables.

Investment-Grade Business Plan & Funding Proposal

TitanForge Resources & Infrastructure

A diversified South African mining, ferroalloys, logistics, energy and industrial-parks group — capturing the resources value chain across five operating divisions and a seven-project strategic growth programme — structured as an R92-billion opportunity (2027–2036) for senior lenders, development-finance institutions and equity investors.

Legal Entity
TitanForge Resources & Infrastructure Holdings
Headquarters
Johannesburg, South Africa
Funding Requirement
R92 billion
Programme Horizon
10 years (2027–2036)
Projected Year-10 EBITDA
R58.5 billion
Projected Enterprise Value
R380 billion
Equity IRR (Exit Range)
37–44%
Divisions · Growth Projects
5 divisions · 7 projects
Impact
25,000 direct jobs · 35 Mtpa exports · 1.5 GW renewables
Sector
Mining, Ferroalloys, Logistics, Energy & Industrial
The Opportunity

South Africa holds world-class mineral endowments — it is a leading global producer of manganese and the beneficiation, rail and port-reform agenda is opening the value chain to well-capitalised, vertically integrated operators. TitanForge Resources & Infrastructure captures this as a diversified group spanning five operating divisions — mining and mineral production (about 45% of revenue), ferroalloys and beneficiation (20%), logistics and infrastructure (15%), energy infrastructure (10%) and industrial parks (10%) — anchored by manganese and extended through beneficiation, logistics, export infrastructure and manufacturing. An R92-billion strategic growth programme through 2036, delivered across seven projects (Iron Crown manganese, Vulcan ferroalloys, Atlas Rail, Ocean Gate export infrastructure, Helios renewables, Horizon critical-minerals and the Forge integrated industrial park), targets a projected Year-10 EBITDA of R58.5 billion and an enterprise value of R380 billion, supporting around 25,000 direct jobs, 35 Mtpa of exports and 1.5 GW of renewables. The plan opens with an independent analyst opinion that sets out plainly what holds under scrutiny and what does not — and, on the plan’s own conservative underwriting anchor, the equity IRR spans roughly 37–44% across the exit range and remains above 20% even at a low exit multiple.

Plan Contents

This investor-grade business plan is organised into the sections below. Each section is a dedicated page — select any to explore the full detail.

Confidentiality & Disclaimer

This business plan has been prepared for discussion with prospective
lenders and equity investors. It preserves the sponsor’s headline
revenue and EBITDA projections exactly as provided and independently
re-derives all financial statement lines below EBITDA, disclosing
material divergences from sponsor figures where they arise.
Forward-looking statements involve significant uncertainty; actual
results may differ materially. Nothing herein constitutes an offer of
securities, investment advice, or legal, tax or accounting advice.
Recipients should conduct independent due diligence, including
technical, legal, environmental and market verification, before any
investment decision. Industry statistics reflect publicly available
information and management estimates believed reasonable at the date of
preparation.

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 TitanForge Resources & Infrastructure Holdings.