Atomatic Trading (“Atomatic”)
- Siyanda Resources owns a controlling stake in the Atomatic BEE SPV (BEE SPV owns 26% of Atomatic).
- The Atomatic CRP was constructed at Anglo’s Amandelbult Mine in 2016. The CRP is a separate legal entity and is used for the treatment of the UG2 concentrate from the Amandelbult Mine in order to extract chrome concentrate.
- Siyanda team manages the operation of the plant in a joint venture with Anglo.
- One of the lowest cost chrome concentrate producers globally.
- Significant player in the industry:
- Operate and produce circa 900,000t of chrome concentrate per annum; Siyanda has marketing rights to 26%.
- High margin business, has paid dividends every year since inception.