Logisminsa gets bonded warehouse approval; will build underground lead concentrates storage

Peru’s first independent metal concentrates warehouse and blending facility is targeting growth and a new storage space for lead in 2018, senior consultant Victor Way said in an interview with Metal Bulletin.

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. Located...

Published

Archie Hunter

November 24, 2017

15:50 GMT

London