Trading houses Vitol, Glencore and Trafigura are caught in the crossfire between Russian oil producers and Western buyers.
Trafigura Mining News
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.
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.
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.
Atalaya Mining produced 166,000 tonnes of copper concentrate in 2017 and has a market capitalization of 327 million pounds ($433 million).
Bids for Optimum are expected to be finalized by the end of November, with due diligence starting on Monday.
Utilisation rate at mills climb back to November level.
China to allow foreign investors in iron ore futures from Friday.
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.
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.
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.
Company has a few more months to wrangle with the Mongolian government.