The deal brought AIM-listed Central Asia Metals ownership of the Sasa lead-zinc mine in Macedonia, diversifying the company out of its base of integrated SXEW copper production in Kazakhstan.
In order to fund what was a reverse-takeover, Central Asia Metals received $120 million in debt financing from metals trader Traxys as well as finding $153.5 million in equity financing.
Traders such as Traxys are starting to fill the void left by major banks such as JP Morgan, Morgan Stanley, Deutsche Bank, Barclays and Credit Agricole, who have largely departed the industrial commodities space, often in turn receiving the rights to trade products from mines and smelters.
And this is emblematic of a new route to...
