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Industrial Assets

 

Trafigura directly invests in assets that are closely related, and complimentary to, the group’s core commodity trading activities. Teams of international and local specialists dedicated to the development and management of these investments, combined with the financial and commercial support from Trafigura’s trading activities are key to the successful development and growth of the industrial asset base. Trafigura has invested in assets in the oil, oil product and minerals and metals sectors.

 

Investments in the oil and product sectors have focussed upon logistical operations relating to storage and transportation. Puma Energy is the primary investment entity particularly when a network of retail stations is operated. The utilisation of these facilities by Trafigura provides a constant source of turnover for the industrial asset at competitive market prices resulting in diversification of group income.

 

Indicative examples of Trafigura’s assets and investments across the globe are below:

 

Oil and its derivatives

  • In Ghana Puma Energy has built a SBM and CBM offshore oil delivery system to improve the oil logistics infrastructure of the country.
  • As part of a joint venture partnership Puma Energy assisted in the construction of a 400,000 m3 (approximately 2.5 million barrels) storage facility in the Port of Tanjung Langsat, Malaysia, that was completed in April 2008.
  • Through Puma Energy Guatemala S.A the Group owns the largest refined product storage facility on the West Coast of Central America based in Guatemala, enabling the leverage of enhanced supply logistics throughout the region.

 

Metals and Minerals

 

Investment in minerals and metals encompasses investments in logistical operations, principally warehousing, and upstream activities such as mines and smelters. The investments are made both directly where we retain full operational control through group owned companies or through activist shareholdings in publicly listed entities.

 

  • The Cormin Group company provides an independent source of supply and logistical support for the key mining activities along the Pacific coasts of South America. In Lima at the port of Callao the warehousing operations provide handling, storage and blending facilities for concentrates. Similar facilities, on a smaller scale are operated in Mexico and Chile.

  • Trafigura operates Catalina Huanca a zinc, lead and silver mine located in Peru.

    Significant shareholdings are retained in Iberian Minerals, owner of Condestable, the

    copper, gold mine in Peru (formerly operated by Trafigura) and developer of the Aguas Tenidas project in Spain and in Volcan the Peruvian lead, zinc and silver producer.Other holdings include Seksaoua in Morocco.

  • Trafigura retains minority holdings in other mining companies typically in support of long term offtake and marketing arrangements.