The Company
About TMI
We are a consultancy and commodity trading entity registered in South Africa. Over 8 years TMI facilitated syndications and business
linkages between the buyers and sellers of various commodities. For five years TMI consolidated its resources to focus on transactions of chrome and also started building chrome processing plants and beneficiated chrome ore on a consultancy basis for its clients. TMI has acquired a processing plant in Rustenburg and beneficiates ROM into concentrate and sell to its clients from the site. Currently the plant has a capacity to produce an average of 1000MT of final product on weekly basis. It is TMI immediate objective to enhance the output to larger quantities in nearest future. TMI sources raw material from various mines and dumps located around northwest province.
TMI VISION
TMI aims to be the sought-after chrome supplier guaranteeing strong relationships with its raw material suppliers and its clients and all stakeholders in its operating environment in order to deliver client centric solutions and create value so that it is sustained in the long term.
Counter
100%
Chrome Products
100%
Logistics
100%
Processing
100%
Consultation
TMI MISSION STATEMENT
TMI strives to become a premium JIT supplier of quality chrome products to its clients and in order to attain this goal; TMI has partnered with local transporters to deliver raw material from the mine to processing plant. TMI is continually developing innovative and effective supply chain processes in order to meet its clients’ needs.
MANAGEMENT TEAM
The TMI team consists of individuals with combined over 40 years’ experience, ranging from legal, mining, property, financial sector, marketing and sales as well as engineering. Over and above the management team, TMI has strategic partnerships in place to compensate skills that are not in the company e.g. research specialists.
TMI RAW MATERIAL SUPPLIERS
Currently TMI is buying raw material from various mines. These mines are 70 to 120km away from the plant. TMI also buys tailings from other plants and reprocess them.TMI is also in the process of finalising an exclusive offtake with a local community for the dump which was left by old mining operations. TMI desires to place yellow machines on the dump site so it prepares the raw material on dump site before trucking it to processing site. Acquisition of the dump will afford TMI greatest opportunity to secure consistency and wide options in terms of feed supplies to plant and also consistency to supply final chrome ore concentrate.
STRENGTH
TMI has able and pool of management that understand the commodity market very well and constantly following trends. Furthermore, TMI has built strong strategic alliance with local and international players in the industry. This has helped boost confidence with clients that want to do business with TMI. In addition, although this market is controlled by big mining houses, TMI has set its self as a go to supplier to clients that prefer to buy the products from source as its much cheaper: big mining houses do not allow clients to buy locally as it reduces their profit margins. This aspect becomes a winning trump card for TMI.
OPPORTUNITIES
Chrome is one of the most bought mineral. South Africa has huge deposits of this mineral and has made it an ideal area for the global markets to source chrome from. There is very limited number of chrome processing plants in the market; making this opportunity very feasible. The available plants don’t have capacity supply the required quantities needed by the clients. The demand for chrome is always higher than the supply component. Recently and more importantly, the main and big mining houses have been retrenching and lowering their production levels; this results in lower supplies and inevitably push the price higher as demand will be higher than supply.
THREATS
TMI procures its raw material from mines that are situated mostly in the rural areas. This poses as a challenge especially when the community goes on strike. The strikes cause delivery of raw material to be delayed, causing shortages of raw material at the processing plant. power supply, when Eskom applies load shedding stages, the mines that don’t have back up in the form of generators and are therefore forced to stop operations completely until power is restored.
Keys To Success
Keys To Success
• Maintain reliability and honesty with clients and suppliers
• Securing the initial seed capital financing
• Experienced management
• Marketing; regardless of anything, chrome is ever in demand making it hard to idle on floor
• Quality product purchasing, foremost as a rule
• Service delivered on time, costs controlled, purchasing and sales budget managed