Vitol and Breakwall finance $150M to support a metallurgical coal mine

Valor Mining Credit Partners, L.P. (VMP), a joint venture between Vitol and Breakwall Capital LP, has finalized a $150 million private financing in the form of a senior secured term loan. The transaction aims to support capital expenditures and working capital needs of a U.S.-based metallurgical coal company.

Formed in July 2025, the partnership seeks to provide structured credit solutions to mining companies operating across the Americas. This inaugural deal was structured, executed, and deployed in a short timeframe, highlighting VMP’s ability to deliver flexible capital under disciplined conditions.

A strategy focused on critical assets

Breakwall Capital leaders Christopher Abbate, Jamie Brodsky, and Daniel Flannery stated that VMP was created to address the current scarcity of capital available for high-quality mining assets. According to them, this first investment demonstrates the platform’s capacity to provide short-term, asset-backed loans with a flexible structure.

The financing targets a mining operation producing raw materials essential for industrial production and energy generation in North America. No further transactional details have been disclosed at this time.

Expanding industrial investments

Ben Marshall, Head of the Americas at Vitol, indicated that this operation is part of a broader strategy to expand the group’s presence across critical industrial supply chains. The stated goal is to ensure supply stability while generating long-term sustainable value.

VMP intends to focus on financings driven by specific events such as debt refinancings, acquisition funding, or development capital needs. The partnership positions itself as a structuring player in private credit within the mining sector.