Mubadala and Trafigura complete creation of joint venture to invest in base metals
English
Arabic
Spanish
29th June 2015 - Mubadala Development Company (“Mubadala”), the Abu Dhabi-based investment and development company, and Trafigura Beheer B.V. (“Trafigura"), a market leader in the global commodities industry, today announced the signing of an agreement to create a 50/50 joint-venture company to invest in the base metals mining sector, including copper and zinc.
As part of the agreement, Mubadala is acquiring a 50 percent share in Trafigura’s flagship mining operation Minas de Aguas Teñidas (MATSA), which owns the Agua Teñidas, Sotiel and Magdalena mines in southern Spain which produce copper, zinc and lead concentrates.
“MATSA has a strong competitive position and excellent expansion potential, with capacity expected to more than double over the next two years,” said Ahmed Yahia Al Idrissi, Chief Executive Officer, Mubadala Technology and Industry. “Investing in MATSA is a key step in growing and diversifying our existing metals and mining portfolio.”
“This builds on our existing sector strategy and partnership with Mubadala. We are identifying new opportunities and investing thoughtfully together in ways that complement our existing portfolio," said Jeremy Weir, CEO, Trafigura.
A two-year investment and expansion plan by Trafigura for MATSA is nearing completion and included a new treatment plant which has close to doubled annual processing capacity to 4.4 million tonnes per annum.
Under the joint venture, day-to-day operations at MATSA will continue as usual, including existing terms and conditions for employees, contractors and suppliers. This agreement is subject to relevant regulatory approvals.
ENDS
For further information contact:
Mubadala Press Office: Kinana Sarrage on Tel: +971 2 413 1916 or ksarrage@mubadala.ae
Trafigura Press Office on Tel: +41 22 592 45 28 or media@trafigura.com
MATSA Sala de Prensa: www.prensamatsa.es
Notes to Editors
About Mubadala Development Company
Established and owned by the Government of Abu Dhabi, the company’s strategy is built on the creation of partnerships and on long-term, capital-intensive investments that deliver strong financial returns, contribute to the growth and diversification of Abu Dhabi’s economy, and create opportunities for current and future generations in the United Arab Emirates.
Mubadala brings together and manages a multi-billion dollar portfolio of local, regional and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors. These include aerospace, semiconductors, metals & mining, oil & gas, renewables, information & communications technology, healthcare, real estate & infrastructure, utilities, and defense services.
For more information about Mubadala please visit www.mubadala.com
About Trafigura
Founded in 1993, the Trafigura Group has become one of the world’s leading independent commodity traders, specialising in the oil, minerals and metals markets. The company has achieved substantial growth in recent years, growing revenue to USD127.6 billion in 2014. Primary trading activities are the supply and transport of oil and petroleum products and metals and minerals. The trading business is supported by industrial and financial assets including global oil products distribution company Puma Energy; joint venture company DT Group; global terminals operator Impala; Trafigura’s Mining Group and Galena Asset Management. The Trafigura Group is owned by 600 of its 5,300 employees who work in 36 countries around the world. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.
ة
14 أكتوبر 2015 ،أعلنت شركة المبادلة للتنمية ش.م.ع )"مبادلة"(، شركة االستثمار والتطوير االستراتيجي
التي تتخذ من أبوظبي مق اًر لها، و"ترافيجورا غروب بي تي إي ليمتد" )ترافيجورا(، الشركة الرائدة في سوق
صناعة السلع العالمية، اليوم، عن استكمال تأسيس مشروع مشترك مناصفة لالستثمار في قطاع التعدين
و المعادن األساسية.
وفي إطار اتفاقية المشروع المشترك، استحوذت "مبادلة" على حصة بنسبة 50 بالمائة في "ميناس دي
اجواس تنياداس" )ماتسا(، الشركة التابعة لشركة "ترافيجورا"، والرائدة في قطاع التعدين، والتي تملك مناجم
"أغوا تنياداس، و"سوتيل"، و"ماغدالينا" في جنوب إسبانيا، حيث تنتج هذه المناجم النحاس والزنك والرصاص
المركز.
وستقوم الشركة الجديدة باالستفادة من الخبرات التي تم تطويرها بالتعاون مع "ماتسا"، بتنفيذ المزيد من
عمليات التوسع واالستثمار في أصول أخرى للتعدين و المعادن األساسية في مختلف أنحاء العالم.
-انتهى-
ENDS
For further information contact:
Mubadala Press Office: Kinana Sarrage on Tel: +971 2 413 1916 or ksarrage@mubadala.ae
Trafigura Press Office: Tel: +41 22 592 45 28 or media@trafigura.com
MATSA Sala de Prensa: www.mubadala.com
Notes to Editors
About Mubadala Development Company
Established and owned by the Government of Abu Dhabi, the company’s strategy is built on the creation of partnerships and on long-term, capital-intensive investments that deliver strong financial returns, contribute to the growth and diversification of Abu Dhabi’s economy, and create opportunities for current and future generations in the United Arab Emirates.
Mubadala brings together and manages a multi-billion dollar portfolio of local, regional and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors. These include aerospace, semiconductors, metals & mining, oil & gas, renewables, information & communications technology, healthcare, real estate & infrastructure, utilities, and defense services.
About Trafigura
Founded in 1993, the Trafigura Group has become one of the world’s leading independent commodity traders, specialising in the oil, minerals and metals markets. The company has achieved substantial growth in recent years, growing revenue to USD127.6 billion in 2014. Primary trading activities are the supply and transport of oil and petroleum products and metals and minerals. The trading business is supported by industrial and financial assets including global oil products distribution company Puma Energy; joint venture company DT Group; global terminals operator Impala; Trafigura’s Mining Group and Galena Asset Management. The Trafigura Group is owned by 600 of its 5,300 employees who work in 36 countries around the world. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.
14 de octubre 2015 - Mubadala Development Company (“Mubadala”), compañía para la inversión y el desarrollo con sede en Abu Dhabi y Trafigura Group Pte Ltd (“Trafigura"), líder en el mercado mundial de materias primas, han anunciado hoy que han completado la creación de una empresa participada al 50/50 para invertir en el sector minero de metales básicos.
Como parte de este acuerdo, Mubadala ha adquirido el 50% de las acciones de la operación minera insignia de Trafigura, Minas de Aguas Teñidas (MATSA), propietaria de las minas de Aguas Teñidas, Sotiel y Magdalena situadas en el Sur de España, que produce concentrados de cobre, zinc y plomo.
La nueva empresa aprovechará la experiencia desarrollada con MATSA para seguir creciendo e invirtiendo en otros activos mineros de metales básicos en todo el mundo.
Fin
Para más información:
Kinana Sarrage, oficina de prensa de Mubadala: +971 2 413 1916 o ksarrage@mubadala.ae
Oficina de prensa de Trafigura: +41 22 592 45 28 o media@trafigura.com
MATSA Sala de Prensa: http://www.prensamatsa.es/
Nota:
Sobre Mubadala Development Company
Establecida en Abu Dhabi y propiedad del Gobierno de este país, la estrategia de la compañía se basa en la creación de relaciones empresariales de largo plazo con inversiones de capital que ofrezcan rendimientos financieros sólidos. Y que además, contribuyan al crecimiento y a la diversificación de la economía de Abu Dhabi creando oportunidades para las generaciones presentes y futuras de los Emiratos Árabes Unidos. Mubadala reúne y administra una cartera de varios miles de millones de dólares en inversiones locales, regionales e internacionales y se asocia con organizaciones líderes a nivel mundial para gestionar negocios a través de una amplia gama de sectores industriales. Esto incluye la industria aeroespacial, semiconductores, metales y minería, petróleo y gas, energías renovables, tecnología de la información y la comunicación, atención médica, sector inmobiliario e infraestructura, servicios públicos y servicios de defensa.
Sobre Trafigura
Fundado en 1993, el Grupo Trafigura se ha convertido en uno de los líderes en el comercio mundial de materias primas, especializado en el petróleo, los minerales y el mercado de metales. La compañía ha logrado un importante crecimiento en los últimos años, con un incremento en los ingresos de USD127.6 millones en 2014. Las principales actividades comerciales son el suministro y transporte de petróleo y productos derivados del mismo, los metales y minerales. Las actividades de comercialización están respaldadas con activos financieros e industriales que incluyen la firma Puma Energy de distribución global de productos petroleros; la operadora de terminales globales Impala; el Grupo minero y Galena Asset Management. El Grupo Trafigura es propiedad de 600 de sus 5.300 empleados que trabajan en 36 países de todo el mundo. El Grupo ha estado conectando sus clientes a la economía mundial desde hace más de dos décadas, generando prosperidad mediante el aumento del comercio.