Mubadala forms JV with Trafigura to invest in base metals
ABU DHABI, October 15, 2015
Mubadala Development Company, an Abu Dhabi-based investment and development company, and Trafigura Group, a leader in the global commodities industry, have created a 50/50 joint-venture company to invest in the base metals mining sector.
As part of the joint venture agreement, Mubadala has now acquired a 50 per cent 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, said a statement.
The new joint venture company will harness the experience developed with Matsa for further expansion and investments in other base metal mining assets around the world, it added. - TradeArabia News Service
