Part of the Miscon Group, Logisminsa opened for business in March this year, providing alternative warehousing services beyond the Trafigura-Glencore-Louis Dreyfus triumvirate in Callao, Peru’s main trading port. Some medium-size traders have already run trials of blends at the plant.
While environmental legislation becomes stricter in Peru, the additional ability to house lead concentrates should make an often opaque industry more transparent, Way said.
“This year we are just at the beginning. Out of the 15 main traders, we have signed already with eight. We expect to start receiving bulk minerals in January 2018 but in the meantime we are preparing our offering as a legally protected warehouse,” he said.