Umbono invests across the spectrum of precious, industrial and energy resource companies. Three major transaction types are envisaged for the Fund to acquire significant minority or majority equity stakes:


Target Natural Resources
Oil and gas, conventional, shale and CBM
Precious metals and minerals – gold, PGEs, silver
Speciality metals and minerals – antimony, tungsten, tin, graphite, indium
Steelmaking minerals – iron ore, manganese, metallurgical coal