Mubadala and Trafigura close on sale of MATSA mining operation in Spain
Abu Dhabi and Singapore, 2 February 2022 - Mubadala Investment Company and Trafigura confirm the completion of the sale of 100 percent of Minas de Aguas Teñidas (MATSA) to Australian mining and exploration company Sandfire Resources (ASX Ticker: SFR). This follows receipt of the necessary regulatory approvals.
The sale is the culmination of significant investment in the MATSA mining complex by both Trafigura and Mubadala Investment Company, resulting in a world-class mining asset with a highly experienced workforce.
As part of the sale agreement, Trafigura Group will retain the life of mine concentrate offtake agreement for 100 percent of MATSA offtake, building on Sandfire’s already well-established relationship with Trafigura.
Sandfire has a strong operational base and a clear strategy to grow into an international, diversified and sustainable mining company. For more information about Sandfire Resources visit: www.sandfire.com.au
For further information, please contact:
Trafigura Press Office: +41 (0) 22 592 45 28 or firstname.lastname@example.org
Notes to editors
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals and Minerals, and Power and Renewables divisions, we deploy infrastructure, skills and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure and sustainable.
Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy; and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. With over 1,000 shareholders, Trafigura is owned by its employees and employs over 13,000 people working in 48 countries.