center Image
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.