Trafigura Mining News

Trading houses caught in crossfire of Russian oil contamination

Trading houses Vitol, Glencore and Trafigura are caught in the crossfire between Russian oil producers and Western buyers.

Trafigura to take over world's second-largest zinc smelter

Trafigura Group will take control of Nyrstar NV as part of a deal to restructure the struggling company’s debt and steer it away from bankruptcy.

Commodity traders say more needs to be done to promote women

Women account for less than 5% of senior management at top trading houses, Bloomberg reported last year, and companies are under pressure to improve gender parity.

Brazil prosecutors say Petrobras received bribes from Glencore, Trafigura and Vitol

Prosecutors said the companies bribed employees at Petrobras, as the Brazilian state oil company is known, to the tune of $15.3 million between 2009 and 2014.

Nyrstar plunges as analyst warns shares will get wiped out

Abandon ship!

Trafigura-backed copper miner Atalaya Mining seeks buyer

Atalaya Mining produced 166,000 tonnes of copper concentrate in 2017 and has a market capitalization of 327 million pounds ($433 million).

Vitol, Trafigura to bid for coal mines once owned by Guptas

Bids for Optimum are expected to be finalized by the end of November, with due diligence starting on Monday.

China's iron ore rises on renewed steel output; 2nd day of foreign trade

Utilisation rate at mills climb back to November level.

China opens iron ore market to the world in pricing, image push

China to allow foreign investors in iron ore futures from Friday.

Trading giant keeps faith in copper despite rising trade tension

Copper prices will rise this year as investors look past the ample global supplies and market turbulence to focus on the metal’s long-term outlook.

World’s biggest zinc producer exploring total exit from mining

Nyrstar is also considering to cut global zinc concentrate supply by up to a further 400,000 tonnes if the slump in commodity prices continues.

Trafigura bullish on strong results, hands $885m to top executives

The buyback was revealed in the company’s annual report, which showed improved operating profits in spite of difficult market conditions in the last two years.

Oyu Tolgoi financing commitments extended

Company has a few more months to wrangle with the Mongolian government.