Siyanda Resources owns a majority stake in RST. RST owns a smelting complex in Middleburg and has been involved in the smelting of a wide range of alloys and products throughout the last few decades.
RST Special Metals
High Margin business with constant returns to shareholders.
RST has recently developed technology to smelt low grade, high chrome PGM concentrates which are not commercially viable for other PGM smelters to treat.
PGM smelting project commenced in November 2020.
With Smelting capacity being a constant constraint within the PGM industry, Siyanda is of the view that RST is strategically positioned to treat low grade material for value where other smelters don’t have capacity and cannot tolerate higher levels of Chrome in concentrate.
RST currently has a long term offtake agreement with mining a major.