Ores and Minerals (SIC 46720)

Ores and Minerals Trade Finance

Trade Finance Global / Finance Products / Ores and Minerals (SIC 46720)

What is Ores and Minerals Finance?

We offer flexible finance for the purchase of ores and minerals. Purchases such as these could negatively impact on your cash flow and be a strain on working capital.  However, by working with us to structure finance options you could benefit from a cash injection into your business to assist in boosting your cash flow and reduce your operating costs.

Ores and Minerals Finance

Types of Ores and Minerals we finance

Key ores and minerals items include:

  • Chromium
  • Lead
  • Mercury
  • Barium
  • Zinc
  • Tin
  • Lithium
  • Niobium
  • Copper
  • Halite
  • Pyrite
  • Calcite
  • Silver
  • Gold
  • Feldspar
  • Quartz
  • Hematite
Trade Finance Requirements
  • Your business is looking for £50k+ trade finance
  •  You want to import or export stock and have suppliers/ buyers
  •  Your business is creditworthy
How the transaction works

When a business wants to trade internationally, the exporter would typically want to be paid up front by the importer. The bank would issue a Letter of Credit, which guarantees this payment to the exporter upon receipt of documentary proof that the goods have been shipped. This is then repaid once the importer has paid for the goods, which could be anything between 30-180 days later.

What is the SIC Code for Ores and Minerals Finance?

The  SIC Code is 46720 (Wholesale of metals and metal ores)

Other SIC Codes that could also be used are:

  • 46120 Agents involved in the sale of fuels, ores, metals and industrial chemicals

ores and minerals case study

Case Study

Mineral Company

The move to free market pricing has increased volatility and competition. This move away from fixed-price contracts has meant that the need to secure more clients and thus increase volume is key. The client wanted financing in order to fund expansion and worked with a trade finance facility in order to do so. Access to funding has allowed the company to grow and reach new clients.


Ores and Minerals Finance

Speak to our trade finance team

Benefits

  •  No security or personal guarantee required
  • Ores and Minerals finance available even if the banks refuse finance
  •  Our partners find you solutions to increase trade
  •  Fast turnaround – get ores and minerals finance in 24 hours

What is Trade Finance?

Want to learn more about trade finance? Download our free guides

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About the Author

Mark heads up the trade finance offering at TFG where his team focuses on bringing in alternative structured finance to international trading companies. Prior to joining TFG (tradefinanceglobal.com), Mark qualified as a lawyer with a top ranked global trade and structured commodity finance team.

Mark has previously advised commodity trading firms, banks and alternative capital providers on international structured trade financings, pre-export, prepayment and limited recourse structures – notably in the oil, soft commodities and metals sectors. This has included mining finance projects, structured letter of credit facilities, receivables discounting and forfaiting agreements.

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