Commodities
Five products, specified, traceable and sold direct.
Every tonne Quintel sells came out of a Quintel mine. We buy no third-party material, which is the simplest possible answer to a whole category of supply chain questions.
- Copper
- 148.2 kt
- Gold
- 212.4 koz
- Silver
- 4.1 Moz
- Manganese
- 1.92 Mt
- Bauxite
- 4.41 Mt
Copper
CuGrade A cathode and clean concentrate
Copper is 44% of group revenue and the centre of the investment case. We produce LME Grade A registered cathode on site in Zambia and the DRC, and a low-impurity concentrate that smelters value as blending feed.
- FY2025 production
- 148.2kt contained copper
- Share of revenue
- 44%
- Mbengwe Copper Complex, Zambia
- Lubumba Copper-Cobalt, DR Congo
Gold
AuDoré from a single mine, refined to Good Delivery
All group gold comes from one mine in Ghana, is poured on site as doré and refined at an LBMA Good Delivery refinery in Switzerland. A second gold mine is in development in Côte d’Ivoire.
- FY2025 production
- 212.4thousand ounces
- Share of revenue
- 31%
- Asankran Gold Mine, Ghana
- Bagoé Gold Project, Côte d’Ivoire (development)
Silver
AgDoré from a high-grade underground mine, refined to 999 fine
Silver is the group’s newest product, added with the acquisition of the Tazoult mine in Morocco in February 2026. It is bought and sold as an industrial metal as much as a precious one: half of global demand is now solar, electronics and brazing.
- FY2025 production
- 4.12Moz — prior owner, 2025
- Share of revenue
- From FY2026
- Tazoult Silver Mine, Morocco
Manganese
MnLumpy, fines and sinter feed for the alloy industry
Manganese is the quiet business of the group: unglamorous, long-life, low-cost and counter-cyclical. Two mines, in South Africa and Gabon, supply ferroalloy producers on multi-year contracts.
- FY2025 production
- 1.92million tonnes of ore
- Share of revenue
- 15%
- Gamagara Manganese, South Africa
- Nyanga Manganese, Gabon
Bauxite
Al₂O₃Premium trihydrate ore for alumina refining
High available alumina, low reactive silica, and a 28-year reserve life. Fatala bauxite is sold to alumina refineries on long-term contracts indexed to the alumina price.
- FY2025 production
- 4.41million tonnes shipped
- Share of revenue
- 10%
- Fatala Bauxite, Guinea
Production
Group production and guidance
Guidance is reviewed at the half year and restated if the range no longer holds. It has been restated twice since 2019, both times downwards, both times with the reason published.
| Commodity | Unit | FY2024 | FY2025 | FY2026 guidance |
|---|---|---|---|---|
| Copper | kt cathode + concentrate (Cu contained) | 139.6 | 148.2 | 155 – 165 |
| Gold | koz doré (payable) | 204.9 | 212.4 | 205 – 220 |
| Manganese | Mt ore (38 – 45% Mn) | 1.78 | 1.92 | 1.95 – 2.10 |
| Bauxite | Mt (dry metric tonnes shipped) | 3.96 | 4.41 | 4.60 – 4.90 |
| Cobalt | kt hydroxide (Co contained) | 3.41 | 3.85 | 4.00 – 4.30 |
| Silver | Moz payable (from 20 February 2026) | — | — | 3.20 – 3.50 |
Buying from Quintel
How we contract
Marketing, freight and trade finance are run from Dubai, with European distribution from Rotterdam. Neither entity trades third-party metal.
Direct from the producer
You are buying from the company that mined it. There is no intermediary, no blended origin and no ambiguity about which mine a lot came from.
Long-tenor by preference
81% of manganese, 74% of bauxite and 62% of copper cathode volume is committed under contracts of a year or longer. We would rather have a customer than a price.
Certificate of origin on every lot
Each shipment carries documentation identifying the producing operation and the month of production, and cathode and concentrate can be traced to a production campaign.
Independent inspection
Weights and assays are determined at load port by a mutually appointed independent inspector, with umpire arbitration on the standard exchange-of-assays basis.
Counterparty screening
All customers are screened for sanctions exposure, beneficial ownership and adverse media before a first shipment and re-screened annually. We will decline business on that basis and have.
Assurance you can audit
Customers may audit our chain-of-custody controls at any producing operation on reasonable notice. Four customers have done so since 2021.
Offtake
Talk to the marketing office.
Copper cathode and concentrate, gold and silver, manganese lumpy, fines and sinter feed, and metallurgical bauxite. Enquiries are answered by a named person, not a form response.