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DRC

Trafigura plays catch-up on cobalt and copper with two deals worth a billion dollars

Having already secretly signed a $400m financing deal with the Chinese firm Chengtun, which has taken over Nzuri Copper's mines, the Genevan trader Trafigura is now set to finalise a deal with Chemaf first announced in late January. [...] (426 words)

Published on 12/05/2022 at 05:00 GMT Reading time 2 minutes

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Mining Commodity traders

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DRC
Chemaf
Chengtun Mining Group Co
Dong Chen
Gécamines
Glencore
Ivanhoe Mines
Kostas Bintas
Nzuri Copper
Shalina Resources
Socrates Economou
Trafigura

Double act takes over from Trafigura trader Economou to ensure cobalt continuity

The discovery of major fraud in Trafigura's nickel business, which could cost the Swiss firm up to $577m, pushed its trader Socrates Economou towards the exit. Mehdi Wetterwald and Daniel von Arx are taking over from him and will head to DR Congo to secure the group's supplies of cobalt.

ANGOLA DRC Infrastructure Mining Commodity traders Central Africa 29/11/2022

Trafigura and Vecturis get to work on relaunch of Kolwezi-Lobito rail freight corridor Free

The Swiss trading giant and its Belgian rail partner, which now hold the concession for operation of the line, are discussing with mining and logistics groups, as well as shipping companies.

ANGOLA DRC Infrastructure Mining Commodity traders 06/09/2022

Trafigura, Vecturis and Mota-Engil all set to restart Kolwezi-Lobito rail corridor

The consortium of the three European groups, which won the tender to run the Angolan part of the mining railway, has already begun talks with Kinshasa and the Société Nationale des Chemins de fer Congolais.

US president Joe Biden and his Congolese counterpart Félix Tshisekedi in October 2021. © Erin Schaff/Pool via Reuters

In Focus

DRC UNITED STATES Mining Diplomacy 05/09/2022

US disillusioned over failure to turn DR Congo away from Beijing

Ever since Félix Tshisekedi took power, Washington had hoped he would curb China's huge influence in the country. Four years later, the United States is bitterly disappointed that it has failed to break Beijing's hegemony in strategic mining issues.

DRC Mining 30/05/2022

State firm competes with local and foreign groups on mining freight market

The state-owned shipping company Lignes Maritimes Congolaises plans to launch its export service from the DRC on 1 June, with its primary target being mining groups.

CENTRAL AFRICA Mining Commodity traders 09/03/2022

Why Trafigura has positioned itself on the Lobito-Kolwezi corridor

Swiss trader Trafigura, which is increasing its supply agreements in the DRC and Zambia, is keen to trump its competitors by having a copper transport route to Angola. Together with Mota-Engil and Vecturis, it has responded to the call for tenders to manage the rail corridor between Kolwezi and Lobito.

DRC Mining Commodity traders 02/03/2022

Trafigura execs in Lubumbashi to try to save Gécamines cobalt partnership Free

Representatives of the Swiss trading giant have travelled to Lubumbashi to talk to Gécamines' new management, where they hope to persuade the state-owned mining firm to continue its artisanal cobalt partnership with them.

Spotlight

AFRICA Mining Commodity traders Business 08/02/2022

Glencore strives to overtake rival Trafigura on "responsible" cobalt

Through the Fair Cobalt Alliance which it co-founded, Swiss trading giant Glencore aims to improve the social and environmental image of its Congolese cobalt operations. It hopes in this way to gain an advantage over its rival Trafigura, which in turn, is banking on its artisanal mining partnership with Gécamines.

DRC Mining Commodity traders 20/01/2022

Trafigura's cobalt partnership threatened by top management changes at Gecamines

Even though it has not yet come into force, the Swiss trader's exclusive contract for the marketing of the DRC's artisanal cobalt has been called into question by the arrival of Alphonse Kaputo and Leon Mwine at the head of Gecamines.

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DRC
Chemaf
Chengtun Mining Group Co
Dong Chen
Gécamines
Glencore
Ivanhoe Mines
Kostas Bintas
Nzuri Copper
Shalina Resources
Socrates Economou
Trafigura

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Trafigura plays catch-up on cobalt and copper with two deals worth a billion dollars

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Double act takes over from Trafigura trader Economou to ensure cobalt continuity

Trafigura and Vecturis get to work on relaunch of Kolwezi-Lobito rail freight corridor Free

Trafigura, Vecturis and Mota-Engil all set to restart Kolwezi-Lobito rail corridor

US disillusioned over failure to turn DR Congo away from Beijing

State firm competes with local and foreign groups on mining freight market

Why Trafigura has positioned itself on the Lobito-Kolwezi corridor

Trafigura execs in Lubumbashi to try to save Gécamines cobalt partnership Free

Glencore strives to overtake rival Trafigura on "responsible" cobalt

Trafigura's cobalt partnership threatened by top management changes at Gecamines

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Trafigura plays catch-up on cobalt and copper with two deals worth a billion dollars

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

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create a free account

Set up email notifications for these topics

Double act takes over from Trafigura trader Economou to ensure cobalt continuity

Trafigura and Vecturis get to work on relaunch of Kolwezi-Lobito rail freight corridor Free

Trafigura, Vecturis and Mota-Engil all set to restart Kolwezi-Lobito rail corridor

US disillusioned over failure to turn DR Congo away from Beijing

State firm competes with local and foreign groups on mining freight market

Why Trafigura has positioned itself on the Lobito-Kolwezi corridor

Trafigura execs in Lubumbashi to try to save Gécamines cobalt partnership Free

Glencore strives to overtake rival Trafigura on "responsible" cobalt

Trafigura's cobalt partnership threatened by top management changes at Gecamines

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First visit

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Follow us

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Indigo Publications also publishes: