Who We Are
Pelagic Resources has secured a meaningful position in the Southern Africa mining community, supported by robust management, middle and back office functions in Singapore and a best in class marketing team in China.
A Global Physical Commodity Merchant
The Company enjoys broad support from a variety of partnerships it has successfully developed over the years with suppliers, banks, international trading companies, state owned enterprises and end users, internationally.
Today, Pelagic Resources not only offers principal origination of physical commodities for our end use customers, we also offer end users and traders, via our integrated platform, the opportunity to virtually extend their existing infrastructure to efficiently access African markets, supply chains and financing solutions for the movement of goods from source to market place.
History & Track Record
Pelagic has built a successful track record underpinned by the partnerships successfully developed with suppliers, banks, international trading companies, state owned enterprises and end users.
2022
- Pelagic Resources Trading (Shanghai) Co. Ltd. incorporated.
- Secured a USD 6 Million Structured Trade Facility from ABSA bank.
- Trading volume increased to over 750,000 metric tonnes per annum.
- Stake in Bauba Resources Ltd increased to 35%.
- Expansion into PGM trading, following the commencement of production at Kookfontein mine.
2021
- Acquired 23% of Bauba Resources Ltd.
- Concluded Evergreen Master Chromite Off-take Agreement with Bauba Resources to market all current and future metallurgical and chemical chrome.
- Expansion into the Specialty Ores market through offtake of Bauba’s wet and dry Foundry production.
- Secured USD 5 Million equity investment to close Series A capital raise, bringing total equity capital raised to USD 10 Million.
- USD 5 Million acquisition financing and life of mine Off-take for chrome and platinum concluded with Bauba Resources Kookfontein mine.
2020
- Concluded a 3-year (minimum 360,000 metric tonnes) off-take agreement with JSE-listed miner.
- Secured a USD 5 Million Term Loan Facility from Teybridge Capital.
- Secured a USD 5 Million Structure Trade Finance Facility from Challenger Trade Finance.
- Secured USD 5 Million equity investment from Vulpes Investment Management Ltd.
- Secured an additional USD 5 Million Structured Trade Finance Facility from Teybridge Capital, increasing the STF Facility to USD 10 Million.
2019
- Successfully established Zimbabwe supply chain.
- Establishment of Zimbabwean exploration and development company.
2018
- Additional funding secured.
- Off-take agreement signed with JSE listed miner.
- Off-take agreement signed with Zimbabwe’s largest private chrome producer.
- Zimbabwean ore procurement mandate with North Chinese HC FeCr furnace signed.
2017
- Employment of key senior management personnel in Singapore Office, including the Chief Financial Officer for the group.
2013 - 2016
- Company incorporated in 2013 as Avra Commodities Pty Ltd, the RSA speciality ores division of a South East Asian-focused physical commodity merchant.
- Physical chrome and manganese trading business established with annual tradable volume of c.300,000 tonnes per annum.
- Management buy-out executed.
- Pelagic secures first virtual supply chain solution mandate with Singapore based trading Company, successfully delivering 400,000 tonnes of speciality ores.
Our Team
210+ cumulative years of relevant market experience.
We hire the ‘right talent’ so we can deliver the best service. We look for people with a range of backgrounds, including industrial distribution management, business and finance, supply chain, operations, sales, and marketing. Above all, we seek people with high energy, enthusiasm, a passion to challenge how we do things, and the confidence and aptitude to improve them.
South Africa
Over one hundred (100) years of combined frontier market experience which includes extensive expertise in the establishment and trading of African-Sino commodity supply; trading expertise in vanadium, coal, chrome, copper, cobalt, lithium, manganese and nickel.
Twenty (20) years of experience in mine production, planning and management.
Singapore
Fifty (50) years of diverse physical commodities experience from the banking and operational sector across London, Hong Kong and Singapore.
China
Twenty five (25) years of merchant trading experience in chrome, iron ore, manganese and bauxite marketing; five (5) specifically focused on the chrome ore markets, with a strong network across the alloy and ore markets in China.
Mauritius
Thirty five (35) years combined experience in accounting and financial management.
Locations Around the World
Our global footprint makes us an agile player to interact between high-growth supply and demand regions. Pelagic Resources has offices based in strategic locations where our bulk materials are sourced, financed and consumed by end-users.
- Pelagic Offices
- Off-take Markets
We engage with and support the communities in which we operate to build a sustainable future.
Pelagic cares about programs and organisations that help the communities in areas in which we are active – that’s why we are interested in finding ways to contribute.