Mining Group Journals

Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, and reef or placer deposit. These deposits form a mineralized package that is of economic interest to the miner. Trafigura Mining Group manages mining operations, develops projects, conducts technical audits of existing and potential projects and provides advisory and support services to the rest of the company. Its main operations are in the Caribbean, Europe and Latin America. The Group operates the Catalina Huanca mine in Peru and is active in Brazil and Cuba. In Brazil, the Mining Group along with Mubadala, has acquired the Tico-Tico and Ipe iron ore mining and processing assets from the creditors of MMX Sudeste. The assets represent an opportunity for Trafigura to expand in the ferrous mining business and will complement the Porto Sudeste port business also jointly controlled by Impala Terminals and Mubadala. The Mining Group is interested in exploring further opportunities and to play a role in the consolidation of the fragmented mining industry in Brazil’s Belo Horizonte region. The Mining Group has consistently demonstrated its ability to deploy expertise and investment in challenging economic or political environments. Emincar, a joint venture with the Government of Cuba to develop the Caste llanos zinc and lead mine is the most recent example