Facilitating Sustainable Manganese Ore Exports
In the world of trading, Credebt® has supported companies around the world with financing solutions to facilitate commodity trades with their customers. An interesting company that we are far into the process with is a South African-based mineral trading firm that owns a manganese-rich mine. They are seeking financing to facilitate the transportation of a specified quantity of manganese ore from their mine to the Port of Durban as well as the subsequent shipment of these products to their customer in China.
Credebt® will provide finance for the trucking of these products and shipment to the port in China. The buyer is committed to receiving the specified quantity and quality of Manganese Ore. To ensure this, our client will engage SGS (Société Générale de Surveillance) at the mine to conduct a thorough inspection and testing of these products and then provide a detailed report on the content and standard of the manganese ore before it is loaded in the shipping containers and sealed. It is our duty at Credebt® to ensure that our clients meet the demands of their customers and with our vast experience in trading we support them with tailored financial advice that will simplify and improve the trade transactions.
Manganese ore is a naturally occurring mineral that is essential for the production of steel and iron. It is a crucial element in the manufacturing of stainless steel as it helps improve the strength and durability of the final product. Manganese ore is predominantly found in sedimentary deposits with notable reserves located in countries like South Africa, Australia and Gabon. The extraction of manganese ore involves both surface and underground mining techniques with processes such as open-pit mining and underground shaft mining being commonly employed.
There is a global demand for these minerals due to their vital role in various industries from steel production to battery manufacturing with countries like China, India and Ukraine emerging as significant consumers in the global market. Steel manufacturers rely on manganese ore to enhance the quality and performance of steel products which makes these minerals indispensable in the steel manufacturing process. The growing battery sector and expanding industrial applications further contribute to the increasing demand for manganese ore worldwide. Manganese ore is also utilised in agriculture as a micronutrient in fertiliser production. Its inclusion in fertilisers aids in promoting plant growth, photosynthesis and overall crop yield making it a valuable resource in modern agricultural practises.
The mining and production of manganese ore have come under scrutiny for their environmental impact. However, here at Credebt® we ensure that our clients engage in sustainable mining practises to mitigate the environmental impact of manganese ore extraction. To achieve this, they engage in the reclamation of land, water conservation and waste management strategies which minimise their carbon footprint and contribute to a more sustainable future.
Credebt® will continue to strengthen its clientele across the mineral trading sector with its simplified financing solutions and we take pride in long-lasting collaboration and partnership with our clients and to enable a continued success story.