Trafigura, Mubadala will invest in base metals in new joint venture

Global commodities trader Trafigura Beheer BV has sold half its stake in three Spanish copper-zinc mines to Abu-Dhabi’s investment and development firm Mubadala Development Co and the firms agreed to form a 50/50 joint venture to invest in the base metals mining sector.

As part of the agreement, Mubadala is acquiring a 50% share in Trafigura’s flagship mining operation Minas de Aguas Teñidas (MATSA), which owns the Agua Teñidas, Sotiel and Magdalena mines in southern Spain, Trafigura said on Monday June 29.

The three Spanish mines produce copper, zinc and lead concentrates,...

Published

Shivani Singh

June 29, 2015

10:50 GMT

Singapore