Tennant Metals
Company History
Tennant Metals specialises in all forms of fine sourcing and proficient supply, including scrap, refined metals, ores and concentrates. The company’s history dates back to 1966 as a supplier and production operator of specialty reagents.
An important turning point came in 2011 when Tynantes Metals began a new chapter with the American Metals Group of Companies, and the business is now wholly owned by management.
What we do
Tennant Metals Limited is a leader in the base metals, platinum group metals and ferroalloys industries, specializing in the sourcing and supply of a wide range of metals, ores and alloys.
The focus continues to be on various metals and ores, in particular aluminum, zinc, copper, chromium and platinum group metals, including primary and sub-primary forms, with a core geographical area concentrated in Africa.
1. Business model:
Procurement & Marketing
Tennant provides tailor-made solutions to suppliers and customers, including comprehensive financial and logistics solutions. One of their main assets is a vast network of miners, producers, smelters, and refiners.
Offtake Agreements
Tennant offers long-term solutions to major producers: platinum group metals (South Africa), vanadium ferrotitanium (South Africa), low carbon ferrochrome (South Africa), chrome ore (South Africa) and copper cathode (Indonesia). Tynantes is targeting a further capital position on the acquisition agreement.
Value added: With a basic understanding of the various pillars of the supply chain, companies can create added value that makes their participation in the supply chain popular with suppliers and customers.
Diversify your portfolio
A diversified portfolio of suppliers and clients around the world, trading all types of commodities, allows Tinant Metals to take advantage of any market opportunity and be unaffected by deteriorating market conditions on any given product.
Activities & Services
Tennant participates in the following activities
The essence of Tennant revolves around the tangible delivery of goods. The company’s flexibility and comprehensive understanding of the needs of its suppliers and customers help to maintain service excellence standards, which are backed by its extensive global network.
Direct Sourcing and Marketing
Risk unfavorable pattern
Tennant offers the following services
Funding
Hedging
Logistics: shipping, trucking, customs clearance, inspection, insurance
Base Metals: Aluminum, Copper, Nickel, Tin, Ferroalloys & Commodities, Low Carbon Ferrochrome, Magnetite, Metallurgical Coke, Ores & Concentrates
In a range of ores and concentrates, the main ones are chromium, platinum group metals, gold and silver.
key performance indicator
Copper cathode: annual revenue of 7000~90 million US dollars, annual trading volume: 8000-10000 tons, expected annual revenue of 110 million-125 million US dollars, estimated annual output: 12000-14000 tons
Main customers: Toyota Tsusho Group, ASK Resources, Jiangtong Group, Orubis
Chrome ore: annual income of 7500~90 million US dollars, current production, export grade: LG 5B and C: 10,000 tons – 15,000 tons
LG 5A and C: 15,000 tons
MG4: 35,000 tons
Production of the future
Export grade: LG 5B and C: 10,000 tons – 15,000 tons
LG6: 10,000 tons – 15,000 tons
MG4 – 35,000 tons
LG 5A and C: 15,000 tons
Concentrate: 25,200 tons
Magnetite: annual revenue: 40 million US dollars, trading volume: 30-400,000 tons, estimated annual revenue: 60 million-70 million US dollars, estimated annual trading volume: 60-1 million tons, current production: 3-50,000 tons, future production: 5-80,000 tons
Platinum Group Metals: Annual revenue: $145 million–$175 million, trading volume: 5-60,000 ounces, estimated annual revenue: $250 million-$300 million, estimated annual trading volume of 10-120,000 ounces
Low magnetic ferrochrome: annual revenue: 36 million US dollars, annual trading volume: 5-60,000 tons, forecast annual annual revenue of 30 million-36 million US dollars, forecast annual trading volume: 5-60,000 tons
Main customer: ArcelorMittal
Columbus stainless steel
SINECO SPA
Liberty Bloc
Outokumpu Company
Gold: annual revenue: 30 million – 35 million US dollars, annual trading volume: 2 – 25,000 ounces, estimated annual revenue of 40 million – 50 million US dollars, estimated annual trading volume: 3000 – 3500 ounces
Major Customers: Manuka Resources Limited, ABC Refinery
Metallurgical coke: annual revenue: 45 million – 60 million US dollars, annual trading volume: 12-150,000 tons, estimated annual income of 60 million – 70 million US dollars, estimated annual trading volume: 15-180,000 tons
Metallurgical coal: annual revenue: 20 million – 22 million US dollars, annual trading volume: 75,000-80,000 tons, estimated annual income of 25 million – 30 million US dollars, estimated annual trading volume: 10-120,000 tons
Main customer: Coca-Cola Group
Management Team Profile: Carlos graduated from the University of Technology Sydney with a degree in Economics
Jason graduated from the University of Pretoria with a degree in Investment Management
Stefan has managed to become a major trader in more than $500 million trades.
Environmental, social and governance considerations
Tennant has established a comprehensive set of policies to uphold the principles of environmental social governance. Including: Supplier Complaint Policy, Political Contribution, Fraud Policy, Trust Policy, Social Enterprise Policy, Stakeholder Policy, Energy Reduction Policy, Cyber Security Policy, Human Rights Policy, Forced Boss Policy, Child Labor Policy, Diversity and Inclusion Policy, Community Development Policy, Customer Satisfaction, Human Resources Policy, Health & Safety Policy, Water Conservation Policy, Supplier Code of Conduct Policy, Water Policy, Corporate Social Responsibility Policy, Environmental Impact Policy.
We look forward to building new and existing relationships with our strategic partners and working together to facilitate continued growth of the business in the future.”
