Mubadala Development Company, an Abu Dhabi-based investment and development company, and Trafigura Group, a leader in the global commodities industry, have created a 50/50 joint-venture company to invest in the base metals mining sector.
Trading house Trafigura has sold half its stake in three Spanish copper and zinc mines to Abu Dhabi investment company Mubadala as part of a joint venture they are setting up to invest in base metals mining, the companies said.
Trafigura, one of the world's biggest commodities trading firms, played a pivotal role in helping Iraq's semi-autonomous Kurdish region export oil, which the Iraqi government considered illegal, three sou
Trader Trafigura is still indirectly supplying gasoline to Iraq through another firm, four industry sources said, despite being blacklisted for dealing with the Kurdistan region, at loggerheads with Baghdad.
Trafigura, which had b
Commodities trader Trafigura has taken a $400 million loan from a group of Middle Eastern banks, as the group looks to diversify its lending pool at a time of stress in traditional banking spheres, banking sources said.
Oil trading firms Trafigura and Vitol are stopping gasoline sales to Iran, industry sources said on Monday, joining a growing list of suppliers that have halted sales under threat of US sanctions.
US politicians are work
European oil trader Trafigura Beheer BV said on Thursday the worst of the credit crisis was over, but cautioned that the oil market was still grappling with severe oversupply and current prices were too high.
'As far as we can see, liq