LOI or ICPO
You send a letter of intent or ICPO with full banking details and authority for a soft probe.
Sandton · Est. 2011 · Reg. 2011/110057/07
Minerals and Metals from the mine to the Port.
We source and supply Minerals and metals from the mine to port within SADC Region and East Africa. Our delivery Incoterms terms are FOT, DAP, FOB, or CIF on special terms and conditions.
Company overview
Established in 2011, in Sandton.
Silvercrest Commodities was established in 2011 as a limited company in South Africa. Located in the commercial capital of Johannesburg, Sandton. This expansion coupled with the large network of small scale to medium mineral miners in Southern Africa makes us a perfect choice in supply and delivery of materials from origin to destination.
We offer a broad portfolio of base metals including, ferrous and Non-Ferrous Metals. Our expertise also includes providing a comprehensive and tailor-made solution to meet the needs of our clients locally and abroad.
- We source and supply from the mine to port within the SADC Region and East Africa
- We sample, and you visit, before any payment instrument is issued
- We lodge the export documents with the bonded warehouse on delivery
- We import and export mining plant and mobile equipment
The book
Eight metals. We sell them as parcels, not from a catalogue.
We issue a firm offer once we know your quantity, specification and discharge point. Chrome carries our grade sheet. We quote the other metals the same way: origin, size, assay and incoterm.
01
Chrome
SA 40–42% and Zimbabwe 46–48% concentrate, 0–2 mm.
02
Lithium
Hard-rock feedstock for converters and battery supply chains.
03
Copper
Ore and concentrates for smelters and cable mills.
04
Nickel
Sulphide ore and concentrates for stainless and battery use.
05
Tin
Cassiterite and concentrate for solder, tinplate and chemicals.
06
PGMs
Platinum group metals from Southern African reefs.
07
Antimony
Stibnite and concentrate for flame retardants and alloys.
08
Zinc
Sphalerite ore and concentrate for galvanising and alloys.
How a parcel is closed
Nine steps from the first letter to the ship.
This is how we close a parcel. Cash ex mine, a cash-backed letter of credit, or an escrow we both agree can sit inside it. The order of the documents does not change.
Firm offer
We issue a full corporate offer with the product, grade, quantity, price basis and incoterm.
Offer accepted
You sign and stamp the offer and return it.
Sale contract
We exchange a sale and purchase agreement covering assay, laytime and documents.
Contract returned
You sign, stamp and return the agreement.
Sample and visit
We invite you, or your representative, to sample and visit the site.
Payment instrument
Once you accept the results, you open a letter of credit, or fund cash ex mine or escrow as we agreed.
Bank check
Our bank verifies and confirms the instrument before we release any cargo.
Shipment
On a confirmed letter of credit, we schedule shipment to begin ten days after confirmation, on the contract timetable.
Ports
Clearance through Durban, Maputo and Beira.
We lodge the export documents with the bonded warehouse, together with the set the shipping agent needs. We also run the inland leg from the miner.
Durban
Our usual South African load port for bulk cargo going deep-sea, and the port we use when equipment is coming the other way.
Maputo
The gate we use for inland cargo, and when you want a Mozambican bill of lading rather than a Durban one.
Beira
Where we move Zimbabwean and Zambian material that sits closer to the central corridor than to the South African ports.
What you will want to know
Straight answers before a firm offer.
Where does the material actually come from?
From the mine to port within the SADC Region and East Africa. The parcels on our current book come from South Africa, Zimbabwe and Zambia. We contract the parcel, arrange the sampling, and move it to the port. We are based in Sandton. We trade the metal. We do not own the mine.
Which chrome grades can be offered?
We offer South African concentrate at 40.50–42.49% Cr2O3, and Zimbabwean concentrate at 46–48% Cr2O3. Our South African sheet is sized 0–2 mm. We quote weekly programmes from 500 to 2,500 metric tons, up to 10,000 metric tons in a month, and the firm offer confirms the lot.
How do you get paid?
Our standing terms are cash ex mine, or a cash-backed letter of credit from a top-rated bank. A programme can also be settled through an escrow we both agree, including a trade escrow where the bank allows us to draw down.
Can you supply the plant as well as the ore?
Yes. We import and export flotation plants for gold and copper, spiral plants, crushers, dump trucks, excavators, front-end loaders and dozers, for a start-up or an expansion. See the equipment list.
Next step
Send the quantity, the grade and the port.
Tell us the metal, the monthly tonnage, the discharge or load point, and whether you want to sample before we open the instrument.