What BAUBA RESOURCES LTD does

Bauba Resources Ltd is a South African diversified mining and exploration company listed on the Johannesburg Stock Exchange (JSE) Main Board under share code BAU since September 2010. The company operates a portfolio of chrome mining assets — including the operating Moeijelijk Chrome Mine (with a wash plant commissioned in 2019), the Kookfontein Chrome Project (development stage), and the Naboom Chrome Mine (acquired via Nuco Chrome in July 2021) — alongside the Bauba Platinum Project, a platinum group metals (PGM) exploration asset on the Eastern Limb of the Bushveld Complex with a declared SAMREC inferred resource of 8.6Moz 4E.

The company's underlying operations consist of conventional chrome ore extraction and wash plant processing for saleable chrome ore, plus PGM exploration drilling targeting the Merensky and UG2 reefs at depths of approximately 1,600m and 1,930m respectively. Revenue is generated through direct B2B sales of chrome ore to industrial offtakers, including ferrochrome producers and stainless steel manufacturers, with pricing determined by commodity market indices. The PGM project remains in exploration and evaluation phase with no current production revenue.

The company is fully compliant with South Africa's Mining Charter and BBBEE requirements, with 40% direct participation by the Bapedi Nation through Kgosi Victor Thulare. Its customer base is concentrated in the global mining and metals sector, primarily serving stainless steel and ferrochrome supply chains, with future optionality in PGM supply for automotive catalytic converters, jewelry, and industrial applications. The company has its headquarters in Centurion, South Africa, and distributes through direct B2B sales and established commodity trading channels.

Name

BAUBA RESOURCES LTD

Legal name

Bauba Resources

Website

https://baubaresources.co.za

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Bauba Resources Ltd is a South African diversified mining and exploration company operating chrome mines (Moeijelijk, Kookfontein, Naboom) and exploring platinum group metals on the Bushveld Complex, selling chrome ore to ferrochrome producers and stainless steel manufacturers.

Ownership category

akta.pro rank

Headquarters

HQ city

Bryanston

HQ country

South Africa

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Chrome Ore Mining and Sales: Revenue generated through extraction and sale of chrome ore from operating mines including Moeijelijk Chrome Mine and Naboom Chrome Mine. The company has commissioned a wash plant at Moeijelijk for ore processing.
2. Platinum Group Metals Exploration: The company is exploring for and evaluating PGM resources (platinum, palladium, rhodium, gold) on the Eastern Limb of the Bushveld Complex. Currently in exploration phase with inferred resources of 8.6Moz 4E.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Bauba Resources is a diversified mining and exploration company that extracts and sells chrome ore from operating mines including Moeijelijk Chrome Mine (with a commissioned wash plant) and Naboom Chrome Mine, while exploring for and evaluating Platinum Group Metals (PGM) resources on the Eastern Limb of the Bushveld Complex. The company has declared SAMREC inferred resources of 8.6Moz 4E (platinum, palladium, rhodium, gold) over its Southern Cluster properties and is advancing the Bauba Platinum Project for future PGM production.

Product overview

Bauba Resources is a diversified mining and exploration company with a portfolio of chrome operations and platinum group metal (PGM) exploration assets. The company's primary business focus is creating value from chrome operations (including Moeijelijk Chrome Mine, Kookfontein Chrome Project, and Naboom Chrome Mine) and the exploration, evaluation, and development of the Bauba Platinum Project. The chrome mines produce saleable chrome ore, while the platinum project targets PGM resources (platinum, palladium, rhodium, and gold) in the Bushveld Complex.

Differentiator

Problem solved

Functional benefit

Products and services

• Moeijelijk Chrome Mine An active chrome mining operation producing saleable chrome ore. The mine includes a wash plant commissioned in 2019 for processing chrome ore, supplying industrial customers like ferrochrome producers and stainless steel manufacturers.
• Kookfontein Chrome Project A chrome exploration and development project with an associated Social and Labour Plan (SLP) filed with South African authorities, part of Bauba's diversified chrome portfolio.
• Naboom Chrome Mine A chrome mining operation forming part of Bauba's diversified chrome portfolio, producing saleable chrome ore for industrial customers.
• Bauba Platinum Exploration Project PGM (Platinum Group Metals) exploration project located on the Eastern Limb of the Bushveld Complex. The project has declared SAMREC inferred resources of 8.6Moz (4E) over the Southern Cluster properties, with Merensky and UG2 reef intersections at depths of approximately 1,600m and 1,930m respectively.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Bapedi NationcoreStrategic or Co-development Partner · 17 September 2010The Bapedi Nation holds 40% direct participation in the Bauba Project. Kgosi Victor Thulare, King of the Bapedi Nation, participated in the listing ceremony, symbolizing the traditional authority's role in the partnership. This represents a significant Black Economic Empowerment arrangement aligned with South African mining legislation.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Glencore plc: Largest diversified commodities trader/producer with extensive chrome (via Merafe Chrome Venture) and PGM operations globally. Sets benchmark chrome/ferrochrome prices and is a likely offtake counterpart for Bauba.
• African Rainbow Minerals: Diversified South African miner with PGM, ferrous, coal and base metal operations including Modikwa and Two Rivers PGM joint ventures. Comparable diversified-JSE-miner archetype with chrome and PGM exposure.
• Samancor Chrome: One of the world's largest integrated chrome miners with six operating mines and smelters in South Africa. Represents the dominant incumbent in chrome against which Bauba's smaller chrome portfolio competes for offtake and markets.

Direct peers

• Merafe Resources: JSE-listed company with a 20% interest in the Glencore-Merafe Chrome Venture, one of the largest integrated ferrochrome producers globally. Closest pure-play chrome peer for Bauba's Moeijelijk/Kookfontein/Naboom chrome operations.
• Northam Platinum: Mid-tier PGM producer on the Bushveld with Zondereinde and Booysendal. Shares the JSE-listed junior-to-mid-tier PGM archetype with Bauba and has overlapping board-level technical expertise (former Northam geologist sits on Bauba's board).
• Tharisa plc: JSE-listed diversified miner producing chrome concentrates and PGM by-products from the Bushveld Complex's Western Limb. Most direct comparison to Bauba's chrome-plus-PGM business model and South African junior-miner scale.
• Impala Platinum (Implats): One of the world's largest PGM producers with operations on both limbs of the Bushveld Complex. Sets the benchmark for PGM pricing, costs, and project economics relevant to Bauba's future platinum development.
• Royal Bafokeng Platinum: BEE-structured PGM miner on the Bushveld (now part of Sibanye-Stillwater). Directly comparable empowerment structure and PGM development model on the same geological complex as Bauba.
• Sibanye-Stillwater: Major PGM producer on the Bushveld (Rustenburg, Marikana/Lonmin) with a large Eastern Limb foothold. Competes for the same talent, capital, and offtake relationships in South African platinum group metals.
• Anglo American Platinum (Amplats): Dominant PGM miner on the Bushveld with Mogalakwena and Amandelbult operations. Most relevant reference point for downstream PGM offtake economics and Merensky/UG2 reef mining techniques applicable to Bauba's deeper targets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/BaubaResourcesLtd
• LinkedInlinkedin.com/company/bauba-resources

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BAUBA RESOURCES LTD