Given the extensive exposure to the chrome industry, Siyanda is ideally placed to leverage off its existing skills and market knowledge and market chrome. As a consequence, Siyanda established SMMC with the early intention of securing supply for SCSC and thereafter source alternative commodities to trade. SMMC, however, has developed significantly since inception and has plans to become a large player in the commodity trading sector.
SMMC currently markets material for Masa, Atomatic/BSCC and has marketed for Sibanye Platinum previously. SMMC has and continues to seek alternatives to market for 3rd parties. Siyanda has a deep knowledge and skill set in the chrome industry and has partnered with two of the largest commodity trading houses, being Gunvor and Traxys, to market chrome in both the local and export markets.
The margin from these activities will be based on per ton sourced and sold and a share in any profit margin earned on the trading activity.