SIYANDA RE­SOURCES

Safety, Health and the En­vi­ron­ment

Africa Outlook - - Contents - Writer: Phoebe Calver | Pro­ject Man­ager: Dono­van Smith

Mak­ing strate­gic in­vest­ments to ben­e­fit share­hold­ers, em­ploy­ees and com­mu­ni­ties lo­cally

Siyanda Re­sources (Pty) Ltd was formed in 2004 by a group of black min­ing engi­neers and in­dus­try pro­fes­sion­als who com­menced op­er­a­tions in the coal in­dus­try, with a core fo­cus on util­is­ing its ex­per­tise in de­liv­er­ing value.

Since that point in time it has ma­tured and the Com­pany has shifted its attention onto the ac­qui­si­tion and man­age­ment of ac­quired as­sets for op­ti­mal per­for­mance within the in­dus­try.

One of the ini­tial suc­cesses achieved by Siyanda was through the ac­qui­si­tion of a strug­gling as­set, which it then went on to turn into a highly prof­itable en­tity while also ex­tend­ing the use­ful life of the as­set.

Over time the fo­cus of the Com­pany then moved onto UG2 Chrome ex­trac­tion, where it con­sid­ers it­self in­dus­try ex­perts and cur­rently holds strong eq­uity po­si­tions in which it man­ages and op­er­ates the busi­ness for sig­nif­i­cant value.

“We con­sider our­selves as pi­o­neers and lead­ers in UG2 Chrome ex­trac­tion and have con­tin­u­ously pro­duced the best op­er­a­tional ex­per­tise in this en­vi­ron­ment,” ex­plains Im­raan Os­man, Di­rec­tor of Busi­ness Devel­op­ment & Cor­po­rate Fi­nance. “At Siyanda, we are also the largest pro­ducer of Fer­rosil­i­con glob­ally, and have re­cently en­tered into the PGM en­vi­ron­ment through the ac­qui­si­tion of Union Mine from An­glo Plat­inum.”

When it comes to mak­ing these in­vest­ments, Siyanda has come to adopt a multi-pronged ap­proach.

This has pri­mar­ily man­i­fested it­self from the Com­pany’s core ex­pe­ri­ence in min­ing and metal pro­cess­ing, and sub­se­quently it has cen­tred its ef­forts on col­lec­tive par­tic­i­pa­tion in this sec­tor with its as­so­ci­a­tion with the lo­cal com­mu­ni­ties and labour.

Os­man con­tin­ues: “Through the devel­op­ment of mean­ing­ful strate­gic part­ner­ships with some ma­jor in­dus­try play­ers, cou­pled with lo­cal com­mu­ni­ties and em­ploy­ees, we have been able to un­lock sig­nif­i­cant value.

“We have also en­sured that we have ac­tive op­er­a­tional par­tic­i­pa­tion in ev­ery busi­ness we work with, along­side a height­ened aware­ness of con­trol within the safety en­vi­ron­ment, lead­er­ship devel­op­ment and em­pow­er­ment, de­ploy­ment of tech­no­log­i­cal en­hance­ments and sup­ply chain cost op­ti­mi­sa­tion.”

Sus­tain­able value cre­ation

The main ar­eas of in­ter­est for the Com­pany at present lay within plat­inum metal groups (PGMs), base met­als (man­ganese), en­ergy (coal, ura­nium, oil & gas) and in­dus­trial min­er­als.

“We have cen­tralised our ef­forts on both green­field and brown­field op­er­a­tions,” adds Os­man. “Each of the projects we have ac­quired is set on a long-term ba­sis, with the op­ti­mi­sa­tion of as­sets be­ing the main goal.”

A great ex­am­ple of Siyanda’s sus­tain­able value cre­ation is through its Koorn­fontein coal pro­ject; with thanks to its in­ter­nal ex­per­tise, the Com­pany was able to turn a loss­mak­ing busi­ness into a rav­ing suc­cess, ex­tend­ing the use­ful life of the as­set from three years to 10.

Os­man adds: “Upon the di­vest­ment of this as­set at a later stage, sig­nif­i­cant value was un­locked and re­turned to the em­ploy­ees of the busi­ness and lo­cal com­mu­nity.”

An­other key pro­ject that is cur­rently be­ing un­der­taken is the es­tab­lish­ment of a fer­rochrome smelter, in which the Com­pany is tar­get­ing the util­i­sa­tion of ad­vanced tech­nolo­gies in or­der to tar­get en­ergy re­duc­tion and im­prove fur­nace util­i­sa­tion.

“In ad­di­tion to the afore­men­tioned pro­ject, we are work­ing with in­ter­na­tional part­ners in or­der to in­stall new tech­nolo­gies that will sub­stan­tially im­prove re­cov­er­ies in the PGM process en­vi­ron­ment and un­lock­ing sig­nif­i­cant value for each busi­ness,” con­tin­ues Os­man. “When it comes to op­er­a­tions in the chrome busi­ness, the Com­pany is cur­rently in the mid­dle of ad­vanced en­gage­ments with a third party spe­cial­ist, hop­ing to see im­proved yields from the chrome ex­trac­tion process.

“We are also work­ing with a lo­cal min­eral pro­cess­ing re­search in­sti­tute in or­der to ex­plore the nu­mer­ous op­por­tu­ni­ties avail­able when it comes to un­lock­ing value from ferro-plat­inum. We know that achiev­ing re­sults are the base-line of ev­ery busi­ness and that is how we dif­fer­en­ti­ate our­selves from our com­peti­tors.”

Sig­nif­i­cant in­dus­try trends

In or­der to stay ahead in such a com­pet­i­tive mar­ket Siyanda recog­nises that it needs to be a dis­rup­tive force within the in­dus­try, think­ing out­side the box and driv­ing for­ward in­no­va­tion and progress.

In terms of the use of its commodities such as chrome and fer­rosil­i­con, Siyanda is con­tin­u­ing to keep ahead of the up­stream and down­stream process value chain. In or­der to ex­ploit this value chain, it has em­barked on a process with a view to iden­tify growth op­por­tu­ni­ties and new mar­kets which can make use of its commodities.

“In terms of Fer­rosil­i­con, we are work­ing on ex­plor­ing the op­por­tu­ni­ties to de­liver our prod­ucts in new in­ter­na­tional mar­kets,” ex­plains Os­man. “Fur­ther to this, we have com­pleted pi­lot test­ing on new prod­ucts through the use of en­hanced tech­nolo­gies in or­der to se­cure new re­gions to branch into at in­ter­na­tional lev­els.”

At present Siyanda has op­er­a­tional as­sets within South Africa and con­tin­ues to ex­plore op­por­tu­ni­ties there, how­ever, its commodities are mar­keted and utilised glob­ally by the con­tin­u­ous search for value ac­cre­tive mar­kets.

Thought lead­er­ship

When it comes to find­ing the right peo­ple to han­dle the tough and ev­er­chang­ing mar­kets Siyanda op­er­ates in, its hir­ing ap­proach is cen­tred on find­ing high po­ten­tial in­di­vid­u­als with strong core val­ues.

“We sup­port these in­di­vid­u­als through of­fer­ing them lead­er­ship devel­op­ment in the form of em­pow­er­ment and accountability,” adds Os­man. “We en­sure the Com­pany main­tains flat op­er­a­tional struc­tures which en­able our teams to meet the high stan­dards re­quired for ac­cel­er­ated in­di­vid­ual growth and devel­op­ment.”

At the core of Siyanda’s re­spon­si­bil­i­ties is the safety and well­be­ing of its peo­ple, and in ad­di­tion its iden­tity is de­fined by both its pas­sion and drive to­wards the suc­cess­ful trans­for­ma­tion of the min­ing in­dus­try.

“We are fully fo­cussed on our thought lead­er­ship, con­tin­u­ously seek­ing to em­power peo­ple and present op­por­tu­ni­ties to de­velop lead­er­ship within busi­nesses,” con­cludes Os­man. “At Siyanda, our pas­sion is fur­ther driven by a fer­vent com­mit­ment to so­cial eco­nomic devel­op­ment, de­spite be­ing a smaller or­gan­i­sa­tion we con­trib­ute mean­ing­fully to this.”

“It is my hope that mov­ing for­ward, Siyanda will be recog­nised as an am­bas­sador for the mean­ing­ful trans­for­ma­tion oc­cur­ring within the min­ing in­dus­try for many years to come.”

SIYANDA RE­SOURCES

“We have cen­tralised our ef­forts on both green­field and brown­field op­er­a­tions.”

“In terms of Fer­rosil­i­con, we are work­ing on ex­plor­ing the op­por­tu­ni­ties to de­liver our prod­ucts in new in­ter­na­tional mar­kets.”

At the core of Siyanda’s re­spon­si­bil­i­ties is both the safety and well­be­ing of its peo­ple

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