Trafigura

Luca Mining Strengthens Balance Sheet: Successfully Completes Debt Settlement and Finalizes Restructuring

Retrieved on: 
Friday, January 19, 2024
Share (finance), Trafigura, Condition, Convertible, Convertible bond, S.A, Debt, Zinc, Debt settlement, TSX Venture Exchange, OTCQX, CAD, News, Debenture, Security (finance)

The Company is pleased to announce it has closed its debt settlement (the "Debt Settlement") with the Latapi Consultores, S.A. de C.V. ("Latapi").

Key Points: 
  • The Company is pleased to announce it has closed its debt settlement (the "Debt Settlement") with the Latapi Consultores, S.A. de C.V. ("Latapi").
  • The Shares were issued to a syndicate of creditors with Latapi acting as agent on behalf of the syndicate to negotiate the terms of the Debt Settlement.
  • The Debt Settlement is subject to the receipt of final approval from the TSXV.
  • The Company has completed its debt restructuring transaction with Trafigura Mexico, S.A. de C.V. ("Trafigura") and its affiliate Urion Holdings (Malta) Limited ("Urion").

Luca Mining's Upgrade Initiative at Campo Morado Gets Financial Boost with New Funding Package

Retrieved on: 
Wednesday, December 6, 2023
TSX Venture Exchange, Private placement, S.A, Treasury, Warrant, Investment, Acceleration, Copper, CAD, Expiration date, Zinc, Element, Unit, Expiry Date (miniseries), Private, News, Russell Latapy, Trafigura, Security (finance), Uranium mining, Mining, Bank

The optimization program at Campo Morado is a major initiative and is expected to result in fundamental improvements in productivity, operational efficiency and cashflow.

Key Points: 
  • The optimization program at Campo Morado is a major initiative and is expected to result in fundamental improvements in productivity, operational efficiency and cashflow.
  • Luca expects revenues from Campo Morado to increase by approximately 40% as a result of the optimization program.
  • Mike Struthers, CEO, commented, "This is a transformational initiative for Campo Morado.
  • I am confident that under this initiative we will be adding considerable value to the bottom line at Campo Morado, and hence to Luca as a whole."

Saudi EXIM Bank and Trafigura Sign Credit Facility Agreement

Retrieved on: 
Monday, October 23, 2023
Banking, Professional Services, Finance, Gold, Bank, Copper, Vision 2030, Multimedia, Exim Bank, USD, CFO, Christopher Salmon, Arms industry, Trafigura, Kingdom

The Saudi Export-Import (Saudi EXIM) Bank has signed an agreement with Trafigura, a market leader in the global commodities industry, to extend a three-year credit facility of USD 500 million.

Key Points: 
  • The Saudi Export-Import (Saudi EXIM) Bank has signed an agreement with Trafigura, a market leader in the global commodities industry, to extend a three-year credit facility of USD 500 million.
  • View the full release here: https://www.businesswire.com/news/home/20231023095795/en/
    Dr. Naif Al-Shammari, Deputy CEO of Saudi EXIM Bank and Christophe Salmon, CFO of Trafigura during the signing ceremony (Photo: AETOSWire)
    In the presence of Mr. Jeremy Weir, Executive Chairman and CEO of Trafigura, the agreement was signed by Dr. Naif Al-Shammari, Deputy CEO of Saudi EXIM, and Christophe Salmon, CFO of Trafigura.
  • This agreement shall facilitate the purchase of domestically produced commodities from the Kingdom of Saudi Arabia and enable Trafigura to connect Saudi producers to more than 156 markets worldwide.
  • Commenting on the agreement, Dr. Al-Shammari said: “Such credit facilities come as part of our ongoing efforts to expand the global reach of Saudi exports.

K92 Mining Announces US$100 Million Senior Secured Loan and Amended Offtake Agreement With Trafigura, Bolstering Balance Sheet and Future Metals Payabilities

Retrieved on: 
Tuesday, September 26, 2023
Condition, Partnership, Metal, IDP, Calendar, DFS, KNT, Sale, Security, London Metal Exchange, Public expenditure, Condition subsequent, US, Liverpool Offtake Reservoir, TSX, Kainantu, Security (finance), Bank, K92, Trafigura

The Loan is at the corporate-level and may be used for general corporate purposes, working capital purposes, and capital expenditures.

Key Points: 
  • The Loan is at the corporate-level and may be used for general corporate purposes, working capital purposes, and capital expenditures.
  • John Lewins, K92 Chief Executive Officer and Director, stated, “We are extremely pleased to be expanding our partnership with Trafigura, with a US$100 million Loan and amended off-take agreement.
  • Importantly, the Loan enables K92 to more confidently invest and potentially increase exploration activities while completing the major production expansions.
  • The offtake agreement also secures long-term competitive terms and provides security and confidence in our income from the sale of our concentrate product.”

Gran Tierra Energy Inc. Announces Exchange Offers of Certain Existing Notes for New Notes and the Solicitations of Consents to Proposed Amendments to the Existing Indentures

Retrieved on: 
Tuesday, September 19, 2023
Accrued interest, Exchange offer, Participation, Consent, Convention to propose amendments to the United States Constitution, Personal Information Agent, Interest, Settlement date, Letter, Note, Early participants in the Latter Day Saint movement, Exchange, Person, Sale, Settlement, Life insurance, Security (finance), Lease, Bank, News & Notes, Trafigura, Exit consent, Eligibility, Solicitation

Holders who tender after the Early Participation Deadline but prior to the Expiration Deadline will receive only the Exchange Consideration.

Key Points: 
  • Holders who tender after the Early Participation Deadline but prior to the Expiration Deadline will receive only the Exchange Consideration.
  • It is also expected that the guarantees of the Existing Notes may be released as described in the Exchange Offer Memorandum.
  • Interest will cease to accrue on the Settlement Date for all Existing Notes accepted for exchange in the applicable Exchange Offer.
  • Existing Notes surrendered in connection with the Exchange Offers, and accepted for exchange, will be cancelled.

Galaxy Appoints Leon Marshall Chief Executive Officer of Europe

Retrieved on: 
Thursday, September 21, 2023
ETP, University, London Business School, MBA, Economics, TSX, UBS, Growth, DWS, Genesis, Apollo Global Management, Cryptocurrency, Management, Galaxy, Politics, Philosophy, Trafigura

NEW YORK and LONDON, Sept. 21, 2023 /CNW/ - Galaxy Digital Holdings Ltd (TSX: GLXY) ("Galaxy"), a financial services and investment management innovator in the digital asset and blockchain technology sectors, today announced that Leon Marshall has been named Chief Executive Officer of Europe.

Key Points: 
  • NEW YORK and LONDON, Sept. 21, 2023 /CNW/ - Galaxy Digital Holdings Ltd (TSX: GLXY) ("Galaxy"), a financial services and investment management innovator in the digital asset and blockchain technology sectors, today announced that Leon Marshall has been named Chief Executive Officer of Europe.
  • "We are thrilled to name Leon as the CEO of Europe, a region that is critically important to our growth strategy," said Michael Novogratz, Founder and Chief Executive Officer of Galaxy.
  • Mr. Marshall joined Galaxy in June as Global Head of Sales, bringing two decades of experience spanning digital assets and traditional finance.
  • Mr. Marshall's appointment to CEO of Europe follows the firm's strategic alliance with DWS, one of the leading asset managers in Europe, to develop a comprehensive suite of digital asset exchange-traded products (ETPs) in Europe.

Chevron, Trafigura and Papé Group Close Investment in Downstream Hydrogen Business OneH2

Retrieved on: 
Wednesday, September 6, 2023
Automotive, Manufacturing, Transport, Oil, Gas, Alternative Vehicles, Fuels, Logistics, Supply Chain Management, Alternative Energy, Environment, Energy, Machinery, Sustainability, Hydrogen, Heart, Mineral, ONGC Petro-Additions, Petroleum, Metal, Failure, Accident, Marketing, Organization, Coronavirus, COVID-19, Puma Energy, Tax, Multimedia, Carbon, Government, Epidemic, Lubricant, Pandemic, Investment, Annual report, Natural gas, Weather, Lingle v. Chevron U.S.A. Inc., Curtailment (electricity), News, Legislation, Renewable energy, Cryptocurrency, Trafigura

Hydrogen distribution and fueling business OneH2 has closed its latest funding round with investments led by Chevron U.S.A. Inc. and current investors Trafigura and The Papé Group.

Key Points: 
  • Hydrogen distribution and fueling business OneH2 has closed its latest funding round with investments led by Chevron U.S.A. Inc. and current investors Trafigura and The Papé Group.
  • By investing in OneH2, Chevron aims to play a key role in driving hydrogen as a viable, pragmatic and economical energy source.
  • Jordan Papé, president and CEO of The Papé Group, added, “Papé provides solutions that maximize our customers’ uptime while staying abreast of regulatory trends in the lower carbon energy sector.
  • OneH2 produces and delivers hydrogen fuel across the U.S. and maintains a growing network of on-site hydrogen generators and delivery locations.

Trafigura Selects IsoTherming® Technology for Grassroots Diesel Hydrotreater

Retrieved on: 
Wednesday, September 6, 2023
Environment, Other Energy, Utilities, Chemicals, Plastics, Oil, Gas, Sustainability, Alternative Energy, Manufacturing, Green Technology, Energy, BPSD, Clean technology, Business development, FCC, Life, Hydrogen, Carbon, GTL, VGO, LCO, Engineering, Particulates, Vaca Muerta, Pleasure, OPEX, Heat, Transport, Nitrogen, CO2, IsaKidd refining technology, ULSD, Natural gas, Jet fuel, Trafigura

This groundbreaking project represents a major investment by Trafigura in expanding the refinery’s diesel capacity and enhancing its ability to produce and sell ultra-low sulfur diesel (ULSD) domestically.

Key Points: 
  • This groundbreaking project represents a major investment by Trafigura in expanding the refinery’s diesel capacity and enhancing its ability to produce and sell ultra-low sulfur diesel (ULSD) domestically.
  • IsoTherming® technology is the lowest available carbon intensity technology on the market which will reduce the refinery's total carbon footprint.
  • Not only does this technology enhance the quality of diesel fuel by efficiently removing sulfur, nitrogen, and other impurities, but it also has much lower carbon emissions than a traditional hydroprocessing unit.
  • The addition of the diesel hydrotreater is expected to provide significant advantages to Trafigura, the Bahía Blanca Refinery, and the country of Argentina.

Ivanhoe Mines Announces MOU to Commence Exports of Concentrate from Kamoa-Kakula Copper Complex via Lobito Atlantic Rail Corridor

Retrieved on: 
Wednesday, August 16, 2023
Ivanhoe Mines, LAI, Mota-Engil, Kipushi, Transport, U.S. International Development Finance Corporation, CITIC, Consortium, RTNC, TSX, Safety, Pressure, Robert L. Sumwalt (U.S. government official), Carbon, Climate change, MOU, Tehsil Municipal Administration, Multilateralism, Metal, GHG, Movement, Republic, DFC, Democratic republic, Economic development, Excellency, Copper, Copperbelt, Rail freight transport, Rail transport, Rare-earth element, Mining, Typesetting, Trafigura, DRC, Atlantic Ocean

The rail line linking the DRC Copperbelt to the port of Lobito, Angola is known as the "Lobito Atlantic Railway Corridor" or "Lobito Corridor".

Key Points: 
  • The rail line linking the DRC Copperbelt to the port of Lobito, Angola is known as the "Lobito Atlantic Railway Corridor" or "Lobito Corridor".
  • There is also potential for additional investment in the future as the opportunity is explored to further extend the Lobito Corridor into Zambia.
  • Up to 10,000 tonnes of copper concentrate from Kamoa-Kakula to be exported from the port in Q4 2023.
  • The MOU is the first commercial agreement under the new concession for exporting metals from the DRC using the Lobito Atlantic Rail Corridor.

Next.e.GO Mobile SE Announces Signing of Memorandum of Understanding with Trafigura, a Leading Global Commodities Group, to Solidify Long-Term Supply of Aluminium and Battery Metals

Retrieved on: 
Tuesday, February 28, 2023
Supply Chain Management, EV, Electric Vehicles, Other Energy, Alternative Energy, Energy, General Automotive, Technology, Automotive, Retail, Automotive Manufacturing, Other Technology, Manufacturing, Puma Energy, Carbon, Metal, Lithium, MOU, Prospectus, Form, Trafigura, Register, NYSE, Heart, Partnership, Microfactory, Risk, Acquisition, XV, Xi, Copper, Probability, Government, Registration statement, Fifth Avenue, City, Robotics, Name, Vii, Sale, Failure, Ix, Business analyst, Mineral, Communication, COVID-19, Cobalt, Topco, Property management, Risk management, Agora

Ltd., a leading international commodity company, to establish a long-term supply chain management service agreement focused on the supply of aluminium and battery metals such as lithium, cobalt, and copper.

Key Points: 
  • Ltd., a leading international commodity company, to establish a long-term supply chain management service agreement focused on the supply of aluminium and battery metals such as lithium, cobalt, and copper.
  • e.GO, based in Aachen, Germany, designs and manufactures battery electric vehicles for the urban environment, with a focus on convenience, reliability and affordability.
  • The Company’s proprietary technologies and low capex MicroFactory production facilities have ushered in innovative solutions for producing electric vehicles.
  • Under the MOU, Trafigura will supply 100% of e.GO’s requirements for transition and battery metals.