Podcasts about Trafigura

In this episode of The Officials Explain, Ed and Will dive into the sharp shift in the North Sea physical market and what it means for CFD structure. With dated Brent softening fast and CFD spreads flipping into contango, the team lays out why this matters far beyond just the North Sea. They unpack:The collapse in physical differentials—and what Trafigura's exit revealsWhy Midland and Forties flows are flooding the windowThe impact of Grangemouth's closure and rising deliverable barrelsWhat a weakening front-end CFD curve signals for refiners and hedgersHow global dynamics—from Murban gluts to Iranian barrels—are reshaping spreads This episode is a must-watch for anyone trading or managing exposure to Brent-linked pricing. All the trades discussed are live on Onyx Markets, where you can practice, simulate, or dive in. Visit https://onyxmarkets.co.uk/ 

Il Documento di Finanza Pubblica (DFP) 2025 conferma il sottofinanziamento del Servizio Sanitario Nazionale, con il rapporto spesa sanitaria/PIL fermo al 6,4% fino al 2028. Nonostante un incremento della spesa nel 2024 e nel biennio successivo, le risorse rimangono insufficienti. La Fondazione GIMBE segnala una crescente difficoltà nell'accesso alle cure, con milioni di italiani costretti a rinunciare a visite per motivi economici e una carenza di personale. Il Governo sta introducendo misure contro le liste d'attesa, tra cui un decreto per permettere l'intervento diretto dello Stato in caso di inadempienze regionali. Ne parliamo con Nino Cartabellotta, Presidente della Fondazione GIMBE.In crescita il numero dei turisti in Italia, per Pasqua 11 milioni di italiani in viaggioOggi si sono tenuti gli Stati generali di Federturismo a palazzo Wedekind a Roma. La spesa turistica nel 2024, fa sapere Federturismo, ha raggiunto circa 110 miliardi di euro che, con un moltiplicatore di 2,5, ha generato oltre 270 miliardi di euro in termini di Pil. Non solo i turisti contribuiscono direttamente al pil, ma le attività economiche che dipendono dal turismo, come la produzione, la logistica, i servizi e altri settori, vengono enormemente stimolate. Analogamente, il comparto della logistica nel 2024 ha raggiunto un valore di 156,9 miliardi di euro, l'8,9% del Pil. Marina Lalli, presidente di Federturismo Confindustria, durante l'evento ha spiegato che: "È in continua crescita il numero dei turisti, nel 2024 in Italia le presenze turistiche hanno toccato i 458,4 milioni e grazie anche al boom di stranieri, oltre 250 milioni e +6,8% rispetto al 2023 e siamo riusciti a superare la Francia nella graduatoria europea piazzandoci al secondo posto dietro la Spagna. E' necessario però trovare un giusto equilibrio tra crescita e trasformazione e l'unico modo per raggiungere questo obiettivo è lavorare insieme". La Lalli ha anche aggiunto che: "Ci aspettiamo 11 milioni di italiani in viaggio per Pasqua e anche questo sarà un altro dei momenti di sviluppo turistco riconosciuto in termini di aumenti percentuali che stiamo ormai registrando in questi ultimi anni". Ne parliamo con Marina Lalli, presidente di Federturismo ConfindustriaFt, crisi della raffineria Isab di Priolo per scontro internoLa raffineria Isab di Priolo Gargallo, la più grande d'Italia, è in crisi a causa di uno scontro tra il miliardario greco, George Economou, suo investitore di maggioranza, e il gigante delle materie prime Trafigura. Lo spiega il Financial Times secondo cui la crisi potrebbe minacciare la sopravvivenza dell'impianto, che copre il 20% della capacità di raffinazione italiana e impiega circa 9.500 persone tra diretti e indiretti. La raffineria siciliana è stata venduta nel 2023 dal gruppo russo Lukoil, colpito dalle sanzioni Ue a Goi Energy, in un accordo organizzato dal magnate franco israleiano Beny Steinmetz. Una vendita, approvata dal governo italiano ma avvenuta in modo opaco, dove "né l'acquirente né Roma hanno rivelato l'identità dei suoi azionisti", spiega il quotidiano della City. I documenti visionati dal Financial Times mostrano però che Argus, il maggiore investitore nel fondo di controllo di Goi Energy, al momento della transazione era George Economou, un magnate greco la cui Tms Tankers è una delle più grandi compagnie di trasporto marittimo di petrolio russo dopo l'invasione totale dell'Ucraina nel 2022. Secondo i documenti, l'operazione ha coinvolto, oltre a Economou, anche lo stesso Steinmetz e l'ex dirigente di Trafigura, Michael Bobrov. Da allora però i rapporti tra i tre si sono inaspriti a causa di questioni finanziarie e dei termini di un accordo decennale di fornitura e commercializzazione di petrolio firmato con la stessa Trafigura, spiega il giornale che rivela che le tensioni tra i soci sono ora alle stelle con Economou che sostiene che "l'accordo favorisce Trafigura", permettendole di guadagnare mentre la raffineria perde soldi. Il greco, che ora controlla il 99% di Goi Energy, ha infatti avviato una procedura per rinegoziare l'accordo con Trafigura e valuta anche la vendita dell'impianto. Tuttavia, "l'accordo di fornitura è un ostacolo nei colloqui con potenziali acquirenti", spiega il Financial Times. Cerchiamo di capirne di più con Nino Amadore, Il Sole 24 Ore,

In this episode of Energy Evolution, host Taylor Kuykendall sits down with Hannah Hauman, head of carbon trading with multinational commodities company Trafigura, to learn more about the world of carbon markets.  After a brief overview of carbon markets, listeners will learn more about the impacts of geopolitical changes, artificial intelligence and more shaping carbon trading. Hauman emphasized the importance and complexities of carbon accounting and the need to recognize that carbon markets are a vital part of business strategy and not merely a philanthropic endeavor.  Energy Evolution has merged with Platts Future Energy, and episodes are now regularly published on Tuesdays.

In this episode of Energy Evolution, host Taylor Kuykendall sits down with Hannah Hauman, head of carbon trading with multinational commodities company Trafigura, to learn more about the world of carbon markets.  After a brief overview of carbon markets, listeners will learn more about the impacts of geopolitical changes, artificial intelligence and more shaping carbon trading. Hauman emphasized the importance and complexities of carbon accounting and the need to recognize that carbon markets are a vital part of business strategy and not merely a philanthropic endeavor.  Energy Evolution has merged with Platts Future Energy, and episodes are now regularly published on Tuesdays.

Hello, and welcome to episode 143 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. The news is certainly starting to pick up now. There has been an increase in designations, principally from the US, though also from Australia. On money laundering news, MONEYVAL has issued an update on Bosnia and Herzegovina, while the FATF has published its Annual Report. On bribery and corruption news, the former Chief Operating Manager of Trafigura has been sentenced for his part in bribery, and GRECO has published its first report on Bulgaria. On fraud news, Comms Council UK (‘CCUK') and National Trading Standards have launched a joint information-sharing initiative, and the Charity Commission has issued an alert for certain charities which may be caught by the new failure to prevent fraud offence. There is a round-up of other financial crime news, and some cybercrime news.A transcript of this podcast is available at www.crimes.financial, with links to the stories.

Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) CEO Laura Tyler talked with Proactive's Stephen Gunnioni about the company's milestone transition from a development-stage company to a metals producer in the final quarter of 2024. Tyler highlighted the ramp-up in production, with silver equivalent output increasing 2.5 times from the previous quarter. The company achieved sales receipts of $27 million, nearly matching its expenditures. Despite challenges from severe weather conditions, Adriatic Metals has maintained operations, running its processing plant 24/7 and aiming for full commercial production in Q1 2025. She also discussed construction progress at the Veovaca tailings storage facility, which is expected to receive tailings by mid-February. Additionally, a study on the Vares processing plant expansion indicated that for a relatively small investment of $25 million, production capacity could be increased to 1.3 million tonnes per year. Adriatic Metals ended 2024 with a $21 million cash balance and secured a $25 million prepayment arrangement with Trafigura, bringing total liquidity to $46 million. Looking ahead, Tyler expects the company to achieve full throughput rates by Q4 2025, positioning it for steady growth into 2026. For more updates on Adriatic Metals, visit Proactive's YouTube channel. Don't forget to like this video, subscribe, and turn on notifications for the latest updates. #AdriaticMetals #Mining #SilverProduction #Q42024 #MetalsIndustry #StockMarket #Investing #CEOInterview #BusinessUpdate #ProactiveInvestors

Can the DOJ's commitment to holding individuals and corporations accountable under the FCPA survive the changing political climate in 2025? Will the push for innovation in corporate compliance programs be enough to maintain momentum, especially with emerging technologies like artificial intelligence? In this episode of Corruption, Crime and Compliance, Michael Volkov dives deep into the FCPA enforcement landscape of 2024, outlining key cases, changes in DOJ policies, and the evolving role of compliance programs. He highlights the significant rise in penalties and individual criminal prosecutions, as well as the continuation of major corporate settlements such as Raytheon, Trafigura, Gunvor, and SAP. The episode also explores DOJ's new whistleblower program and its continued push for companies to enhance their compliance frameworks.You'll hear him discuss:Key FCPA enforcement matters in 2024 including the Raytheon, Trafigura, Gunvor, and SAP cases.The shift in DOJ's approach, where individual prosecutions now play a larger role than ever before.The rise in penalties: 2024 saw a significant jump, with a total of $1.7 billion in fines.The return of travel, hospitality, and gifts as common bribery techniques, despite increased focus on compliance.DOJ's major industry sweeps, particularly targeting the energy commodity trading industry.The emergence of new compliance challenges with a focus on artificial intelligence and emerging technologies in corporate settings.The controversial SAP settlement and the DOJ's approach to a lack of voluntary disclosure.The impact of mergers and acquisitions on compliance processes and the integration of acquired companies.DOJ's new whistleblower program designed to incentivize individuals to report misconduct.How companies should approach merger and acquisition integration to ensure compliance and prevent risks.ResourcesMichael Volkov on LinkedIn | TwitterThe Volkov Law Group

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News—all from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional. Trafigura used high-risk middlemen. (FT) Inside a four-day workweek experiment. (NYT) Did Boohoo illegally surveille employees? (BBC) South African government is not working with McKinsey for the G-20. (Bloomberg) For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here. Check out the entire 3-book series, The Compliance Kids, on Amazon.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News—all from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional. Defense in Trafigura case can't knock out star prosecution witness. (FT) Was it corruption or a smart (or dumb) business deal? (TNR) Matthew Smith pleads not guilty to trafficking. (BBC) Adani case puts solar energy in India at risk. (Bloomberg) For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here. Check out the full 3-book series, The Compliance Kids, on Amazon.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News—all from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional. Swiss trading culture in the dock with Trafigura trial.  (Bloomberg) What's behind the latest PLA corruption purge? (The Indian Express) TD Bank hires former HSBC-Canada CCO.  (Reuters) Adani is ‘committed to compliance'.   (Channel News Asia) For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here. Check out the entire 3-book series, The Compliance Kids on Amazon.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News—all from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional. Trafigura heads to trial in Switzerland. (Bloomberg) A layer of crypto corruption. (TheBulwark) Firings as layoffs without benefits. (FT) KPMG rehabbed in the UK. (FT) For more information on the Ethico Toolkit for Middle Managers, available at no charge, click here. Check out the full 3-book series, The Compliance Kids, on Amazon.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Trafigura, un des plus importants négociants de matières premières et de pétrole une nouvelle fois victime de fraude ! Après une gigantesque fraude au nickel découverte il y a deux ans, une autre fraude, cette fois-ci au carburant, aurait eu lieu en Mongolie. Montant évoqué : 1,1 milliard de dollars. Des fraudes de quelques millions ou quelques dizaines de millions de dollars, cela ne surprend pas, ou presque pas, dans le milieu du négoce. Mais plus d'un milliard de pertes, c'est énorme et surprenant, confie un trader en pétrole. Dans un communiqué diffusé le 30 octobre, Trafigura parle de « manquements graves » pour qualifier les faits.Les mauvaises pratiques se seraient déroulées pendant cinq ans et auraient été découvertes fin 2023, selon l'agence Bloomberg, à la suite d'un contrôle interne doublé d'une enquête externe. En Mongolie, où la fraude a eu lieu, Trafigura est l'un des principaux fournisseurs de carburant. En raison de la règlementation locale, Trafigura ne peut livrer que jusqu'à la frontière. Ce sont ensuite des distributeurs locaux qui s'occupent de la commercialisation au niveau national.Trafigura vendait à crédit à ses partenaires locaux et attendait qu'ils aient eux-mêmes été payés pour être remboursé. Mais ces partenaires locaux n'auraient pas honoré leurs échéances en temps et en heure et accumulé pendant cinq ans une énorme dette à l'égard de Trafigura, dette découverte officiellement beaucoup plus tard. Peut-être parce qu'elle avait été masquée en interne ? Trafigura n'a pas détaillé les mécanismes en jeu, l'enquête est toujours en cours, mais on sait déjà que plusieurs employés du groupe à Oulan-Bator ont été suspendus.« Chaine complexe de transactions »Selon l'agence Reuters, le principal partenaire local, Lex Oil, aurait reconnu qu'il devait à l'entreprise plus de la moitié des 1,1 milliard de dollars de préjudice évalué par Trafigura. Mais le manque à gagner se situerait aussi ailleurs : le géant suisse dit en effet avoir payé des factures gonflées sur la base de faux documents. Une fraude à deux niveaux en quelque sorte. Trafigura évoque pour sa part une « chaine complexe de transactions avec un petit nombre de partenaires locaux ». Une fraude qui pourrait lui coûter 1,1 milliard de dollars, montant déjà provisionné par la maison de trading.Ce nouveau scandale est rendu public quelques semaines avant la prise de poste du nouveau patron de Trafigura, en janvier. Cela alors même que, dans quelques jours, le négociant suisse et plusieurs de ses ex-responsables sont appelés à comparaître devant un tribunal suisse pour des soupçons de corruption en Angola.À lire aussiPoutine en Mongolie: «Il y a une dépendance des autorités mongoles aux importations de carburant russe»

Navigating the New Energy Landscape - A Reality Check on Marine Fuels & the Energy TransitionModerator: Mr. Ezekiel Davis, Vice President, Regional Business Development, Europe – ABS Panelists: • Mr. Jasper Heikens, CCO – ECOLOG • Ms. Linda Kongerslev, Director – Global Engagement & Sustainability – Oldendorff Carriers • Mr. Oeyvind Lindeman, CCO – Navigator Gas (NYSE: NVGS) • Mr. Rasmus Bach Nielsen, Global Head of Fuel Decarbonization – Trafigura 4th Annual Capital Link German Maritime Forum In partnership with DNV With the support of the German Shipowners’ Association (VDR) and the Hamburg and Bremen Shipbrokers’ Association Wednesday, November 6, 2024 Radisson Blu Hotel - Hamburg, Germany https://forums.capitallink.com/shipping/2024german/

Navigating the New Energy Landscape - A Reality Check on Marine Fuels & the Energy TransitionModerator: Mr. Ezekiel Davis, Vice President, Regional Business Development, Europe – ABS Panelists: • Mr. Jasper Heikens, CCO – ECOLOG • Ms. Linda Kongerslev, Director – Global Engagement & Sustainability – Oldendorff Carriers • Mr. Oeyvind Lindeman, CCO – Navigator Gas (NYSE: NVGS) • Mr. Rasmus Bach Nielsen, Global Head of Fuel Decarbonization – Trafigura 4th Annual Capital Link German Maritime Forum In partnership with DNV With the support of the German Shipowners’ Association (VDR) and the Hamburg and Bremen Shipbrokers’ Association Wednesday, November 6, 2024 Radisson Blu Hotel - Hamburg, Germany https://forums.capitallink.com/shipping/2024german/

C'est le troisième plus gros négociant de métaux au monde : le groupe IXM n'a cessé de se développer ces dernières années. Avec une différence majeure par rapport à ses concurrents directs, Glencore et Trafigura : l'entreprise est détenue par le chinois CMOC, un géant de l'industrie minière, notamment actif en République démocratique du Congo.  Avec un peu plus de 128 millions de dollars de bénéfices l'an dernier, IXM reste très modeste face aux mastodontes du négoce des matières premières. En 2023, Glencore et Trafigura ont engrangé respectivement 4,3 milliards et 7,4 milliards de dollars de bénéfices. Mais le groupe basé à Genève est en train de devenir l'un des nouveaux noms en vogue du trading des métaux. Une réputation due en grande partie à son propriétaire : CMOC, le géant chinois de l'extraction minière. L'histoire entre les deux groupes commence en 2018, date du rachat par CMOC de ce qui s'appelait alors Louis Dreyfus Commodities Metal. Avec cette transaction, l'objectif est clair pour le groupe chinois : maîtriser toute la chaîne d'approvisionnement en minerai, de l'extraction à la vente.Liens avec la ChinePour cela, il compte sur le PDG de IXM, Kenny Ives. Après plus de 20 ans chez Glencore, il a été chargé de restructurer l'entreprise pour la rendre compétitive. Une tâche taillée parfaitement pour celui qui est décrit dans les colonnes de Bloomberg comme un bourreau de travail, ne quittant pas son bureau de 5h30 du matin à minuit. Sa force, IXM la tient évidemment de ses liens étroits avec la Chine et son attrait pour les métaux de la transition, comme le cobalt ou le lithium. Même si Kenny Ives l'assure dans une interview au Financial Times : « Si je n'avais pas eu l'assurance d'être indépendant et autonome, je n'aurais pas rejoint le groupe ». D'autant qu'il se targue de « maintenir des liens forts avec toutes les autres régions clés de consommation et d'approvisionnement ». IXM se développe un peu partout autour du globe, l'entreprise ouvre des bureaux en Corée du Sud, en Inde et en République démocratique du Congo. À lire aussiMinerais stratégiques: la bataille pour la transition énergétique est lancée

After a 35-year career that started in the early 70s as a watchman for SCNO Barge Line, Mr. Jim Fox joined the industry during college and was called back to it after a brief jaunt as a teacher. After ACBL acquired SCNO barge line, he found himself in Venezuela helping develop an improved river transportation system for their bauxite mine and alumina production facilities with a few previous guests from the show, went into Argentina for similar pursuits, and later found himself in Colombia surveying another waterway for Trafigura. Since leaving the industry, he spent time employed by the Minnesota Twins teaching English to the Spanish speakers on the team, and keeps busy chasing grandkids and family around Florida.

It's an environmental tragedy with ongoing consequences in Ivory Coast. Back in 2006, the company Trafigura wanted to get rid of 500 cubic metres of toxic waste from the refining of petroleum products stored on its cargo ship Probo Koala. After three countries refused the ship, it finally unloaded its cargo in Ivory Coast after four months at sea. With the approval of the authorities, a local company took charge of dumping the toxic waste around Abidjan, impacting least 100,000 residents and causing several deaths. Eighteen years on, many are still fighting for justice. FRANCE 24's Julia Guggenheim, Damien Koffi, Flore Monteau and Tom Canetti report, with Lauren Bain.

The US Department of Justice has filed an antitrust lawsuit against Visa, China has unleashed a swath of stimulus measures to jump-start growth and the incoming CEO at Trafigura signals a new era for the trading house. Plus, Sri Lanka has a new leftwing president who has promised a fresh start for the country.Mentioned in this podcast:US antitrust lawsuit accuses Visa of using dominance to shut down rivals China unleashes stimulus blitz to lift growthTrafigura set to name Richard Holtum as chief executive Sri Lanka swears in leftist election winner as president amid concerns over IMF deal The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley. The show's theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Energy News Beat Daily Standup - Weekly Recap, the hosts, Michael Tanner and Stuart Turley discuss various topics in the energy and oil industry, including Shell's divestment from South African assets, oil majors' roles in the energy transition, and the implications of fracking and renewable energy policies. They highlight the complexity of maintaining profitability across different oil sectors and discuss how companies like Trafigura and Saudi Aramco are vying for control in these areas. Additionally, they touch on geopolitical issues, security concerns in the oil field, and the evolving policies surrounding natural gas and renewable energy in the U.S. and Europe.Highlights of the Podcast00:00 - Intro01:31 - Oil Majors and Traders Vye for Shell's South African Assets04:13 - It's Spreading: America's Top Oil Field Terrorized By Armed Venezuelan Gangs09:05 - An ESG Backlash Erupts in Europe on World's Strictest Rules11:15 - The Golden state of California is turning Brown without continuous electricity14:14 - In Germany, The Green Energy Transition Is Only Getting Worse16:35 - 2024 Election Debate Impact on Energy – Michael and Stu cover the top issues of the debate with special guest Rey ‘RT' Trevino18:39 - Kamala Harris' Position on Fracking (Clip)19:22 - R.T. Trevino's Initial Reaction21:01 - Stuart Turley's Response to Kamala's Statements22:28 - Michael Tanner's Analysis of Fracking and Foreign Oil23:24 - Biden Administration's Energy Policies26:01 - Inflation and Oil Production Under Biden34:16 - Security Concerns in Oil Fields35:00 - Final Thoughts on the Debate 34:46 - Layoffs Loom as Volkswagen Fights for Survival36:35 - OutroPlease see the links below or articles that we discuss in the podcast.Oil Majors and Traders Vye for Shell's South African AssetsIt's Spreading: America's Top Oil Field Terrorized By Armed Venezuelan GangsAn ESG Backlash Erupts in Europe on World's Strictest RulesThe Golden state of California is turning Brown without continuous electricityIn Germany, The Green Energy Transition Is Only Getting WorseLayoffs Loom as Volkswagen Fights for SurvivalFollow Stuart On LinkedIn and TwitterFollow Michael On LinkedIn and TwitterENB Top NewsEnergy DashboardENB PodcastENB SubstackENB Trading DeskOil & Gas Investing In 2024– Get in Contact With The Show –

Parmi les questions économiques majeures qui entourent la relation Chine-Afrique, il y a celle de la construction des grandes infrastructures qui doivent alimenter les nouvelles « routes de la soie », ainsi que celle de l'approvisionnement en minerais stratégiques. La République démocratique due Congo (RDC) est l'un des plus grands pourvoyeurs mondiaux de coltan, de manganèse, de cuivre… S'il y a concurrence pour les permis miniers, les puissances bataillent également pour le contrôle des voies d'exportations. La voie ferroviaire partant de la région de Lubumbashi et reliant le port de Lobito en Angola est stratégique pour l'exportation des minerais congolais. Jusqu'à présent, c'est la voie routière vers le port de Durban en Afrique du Sud qui est principalement empruntée. « Avec une seule rame de train, vous pouvez facilement dégager 1 000 tonnes ou 1 200 tonnes. Or, s'il faut le faire par camion, il faut 30 camions, souligne Lems Kamwanya, analyste économique, ex-directeur de l'office de gestion du fret multimodal. C'est 30 chauffeurs, c'est 30 documents différents à prêter, c'est lourd comme difficultés. C'est pourquoi la voie ferroviaire est devenue la meilleure voie. »Un gain de temps, mais également de coût de transport, met également en exergue Lems Kamwanya, qui est aussi ancien directeur adjoint au ministère du Transport de RDC : « On a toujours considéré que c'est la meilleure voie pour effectuer les transports des produits miniers. »La Chine a rénové les plus de 1 300 kilomètres de voies ferroviaires côté angolais, pour un montant de plus de 2 milliards d'euros. Mais le contrat d'exploitation a été confié à un consortium mené par le trader suisse Trafigura. La première exportation par le rail de cuivre a été effectuée fin août 2024. Pour faire pencher la balance, côté occidental, les États-Unis et l'Union européenne se sont engagés à rénover le tronçon côté congolais. Pour cela, 630 millions d'euros ont déjà été mobilisés, selon la Commission européenne.Course au contrôle des voies d'exportation« Pékin a réagi à cette perte de contrôle du corridor de Lobito en proposant de réactiver un ancien corridor historique qui ne fonctionne plus, qui est la ligne Tazara – pour Tanzanie et Zambie », analyse Thierry Vircoulon chercheur associé à l'IFRI. « Donc Pékin propose depuis cette année de reconstruire cette ligne, pour un coût estimé à un peu plus d'un milliard de dollars, ce qui ouvrirait un corridor pour concurrencer le corridor de Lobito », poursuit-il. L'ouverture sur un port de la côte orientale de l'Afrique faciliterait de fait le marché chinois.Si la diversification des voies d'exportation et des partenaires ne peut être que bénéfique selon Lems Kamwanya, pour Thierry Vircoulon, « cette bataille des corridors illustre la lutte géopolitique autour des réserves de minerais critiques et montre que, en effet, entre Washington et Pékin, c'est la course au contrôle non seulement de ses ressources, mais surtout des voies d'exportation de ses ressources ». Il y a deux semaines, Washington s'est de nouveau positionné sur le sujet, affirmant être toujours prêt à s'impliquer pour l'extension du corridor de Lobito vers la Tanzanie.

Trading giant Trafigura is looking to biofuels and ammonia as ways to tackle its greenhouse gas footprint, and head of wet freight Andrea Olivi says FuelEU Maritime is a major reason. We talk to him about how the new European Union law is set to boost green fuel uptake.

Ghana's Regina house in London seized by Trafigura over a $131m judgement debt.

US court uncovers Ghana made ‘intrinsically weak' appeals in $134m judgement debt to Trafigura. The U.S. district court document reveals that Ghana's legal team twice failed to challenge a $134 million judgment awarded to energy firm Trafigura by English courts.This debt stems from a power purchase agreement between Trafigura's GPGC and the Ghanaian government.

Our Summer Playlist continues this week with Hannah Hauman, Global Head of Carbon Trading at Trafigura. David Greely sits down with Hannah to discuss how seemingly separate EU regulations on corporate green claims and reporting are coming together to create a new definition of net zero and a new approach to driving corporate climate action.

Le corridor ferroviaire Kolwezi-Lobito, débouchant sur l'océan Atlantique, est vital pour les entreprises minières basées en RDC : c'est le moyen le plus rapide et le plus rentable d'exporter le cuivre et le cobalt congolais. Mais la voie ferrée de 427 km entre Kolwezi et la frontière angolaise attend les investissements qui permettront de la rénover. À Kamalondo, une locomotive passe en provenance d'Afrique australe. Mais ce trafic ferroviaire a beaucoup diminué, observe Marcel Yabili, rencontré non loin de la voie ferrée. « Avant, tu avais une circulation de train pour aller à l'usine de la Gécamines et une grande circulation pour aller du sud au nord pour les importations. Maintenant, il y a juste une ou deux locomotives par jour ».Ces locomotives sont utilisées par le négociant Trafigura pour l'exportation du cuivre et du cobalt de la société minière Kamoa, par le corridor de Lobito. D'autres entreprises minières nourrissent aussi l'espoir d'utiliser cette voie, car elle est plus courte que la voie routière. « Par la route, nous avons beaucoup de problèmes douaniers puisque nous traversons beaucoup de pays, raconte Fortunat Kande chargé des relations publiques de la Somika, société minière du Katanga. Je pense que si nos produits quittaient le pays en passant seulement par l'Angola et rejoignaient ensuite directement l'océan, ce serait une très bonne chose ».Voie ferrée en mauvais étatEn plus de Trafigura, la société Impala assure aussi le trafic ferroviaire sur l'axe Kolwezi-Dilolo vers Lobito et versent le droit de passage à la Société nationale des chemins de fer du Congo (SNCC). En 2023, quelque 117 000 tonnes de produits miniers, à l'exportation comme à l'importation, sont passés par ce corridor, selon la SNCC. Mais c'est encore faible à cause du mauvais état de la voie ferrée, déclare Mac Manyanga, directeur d'exploitation à la SNCC : « Aujourd'hui, nous sommes encore à une charge acceptable. Mais au regard des opportunités, par exemple les prévisions de la société Kamoa, c'est plus ou moins un million de tonnes pas an qu'il faudrait transporter. Il faut qu'on puisse totalement renouveler la voie. Or la réhabilitation du tronçon Kolwezi-Dilolo-frontière ne serait pas en deçà de 535 millions de dollars ».Un tronçon convoitéMais ces fonds ne sont pas encore disponibles, même si plusieurs investisseurs se bousculent pour avoir le contrôle de ce corridor. « Plusieurs tentatives de signer des contrats de partenariat se sont avérées infructueuses parce qu'il y avait toujours des problèmes, explique Lems Kamwanya, ancien directeur adjoint au ministère du Transport de la RDC. Tout le monde veut contrôler ce tronçon ferroviaire. Et la RDC n'ayant pas les moyens de réhabiliter à ses frais, elle compte sur ses partenaires. Mais avec qui partir ? »Le caractère stratégique du corridor de Lobito aiguise les appétits, les États-Unis apportent leur appui dans la recherche de financement afin de concurrencer la Chine dans l'accès au cuivre et au cobalt de la RDC.À lire aussiRDC: Félix Tshisekedi inaugure les trains du Service national

Hedging is the basic tool of the commodity trader. Yet, outside that community it is little taught, little understood and underutilized – especially as raw material prices are becoming more volatile in an age of disruption. What is hedging? What are the costs and benefits and why is it not more exploited up and down the value chain. Our guest is Samuel Basi, author of the new book “Perfectly Hedged. A Practical Guide to Base Metals”. Samuel is the founder and CEO of Perfectly Hedged LLC a training consultancy for the sector and a former metals trader at both Trafigura and Greenwich Metals. For more on HC Group visit www.hcgroup.globalfor Perfectly Hedged visit: www.perfectlyhedged.com  

In the latest episode we delve into the influence of geopolitics on the energy transition with Jeremy Weir, the Executive Chairman and CEO of Trafigura. Jeremy brings a wealth of experience in critical minerals, navigating the realms of metals, minerals, oil and renewables. Get ready for an insightful discussion that transcends individual markets and explores the dynamic intersection of global politics and the evolving commodities landscape.

When we talk about green shipping, are we always talking about actions that have a net benefit in terms of reduction of greenhouse gases? Are the commercial choices we make today about reducing absolute emissions, or just the most pragmatic financial options on the table? And are the regulations we are negotiating genuinely addressing the problem of climate change, or just part of a wider exercise in climate finance revenue raising? It's not always a clear cut as we might like. Having agreed the ambitious 2050 net zero targets last year, we are about to ramp up into the difficult detail of how we get there and the details increasingly mater. This week's edition of the podcast argues that we are at an inflection point. The detail of what gets agreed at the International Maritime Organization (IMO) over the next 12 months will come with consequences for shipping, but also the pace of investment into new fuels like green hydrogen. The various combinations of measures proposed at the IMO all entail a degree of revenue generation. The scale of revenues expected is unclear, as is the destination for the revenue. Are we ploughing that money into shipping's decarbonisation efforts - bridging the cost differential to green fuels - or will we see that cash disappear into coffers of the poorest and climate most vulnerable States with little direct impact on shipping's energy transition? Will the IMO agreements help or hinder shipping's chances to get ahead in the queue for green hydrogen. Discussing these question on this week's edition: John Butler, President and CEO of the World Shipping Council Rasmus Bach Nielsen, Trafigura's Global Head of Fuel Decarbonisation Bud Darr, Executive Vice President, Maritime Policy and Government Affairs, MSC Group

On the heels of the Gunvor FCPA settlement for $661 million, DOJ announced its settlement with Trafigura, the latest commodities trading company to fall under DOJ's FCPA Sweep against the industry. Trafigura joined the list of international commodity trading companies to suffer FCPA enforcement actions like Vitol, Sargeant Marine, Glencore, Freepoint, and Gunvor.DOJ's corporate resolutions are connected to individual prosecutions and guilty pleas of 19 individuals, including six government officials, eight corrupt intermediaries, and five trading companies.Trafigura Beheer B.V. ("Trafigura"), based in Switzerland, plead guilty and agreed to pay $126 million as part of a plea agreement to resolve FCPA violations in Brazil. Trafigura pleaded guilty to conspiracy to violate the anti-bribery provisions of the FCPA and agreed to pay a fine of over $80 million and forfeiture of $46 million. DOJ agreed to credit up to $26 million of the fine against the amounts Trafigura pays to resolve an ongoing Brazil investigation.Trafigura, a global commodity trading company, pled guilty and agreed to pay $126 million to resolve FCPA violations in Brazil, involving a corrupt scheme to pay bribes to Brazilian officials to secure business with Petrobras.DOJ cited Trafigura's cooperation and acceptance of responsibility, including providing timely updates, facilitating employee interviews, and producing relevant documents, but criticized their failure to preserve and produce certain evidence in a timely manner.Trafigura's bribery scheme involved paying bribes to Petrobras officials from 2003 to 2014 to obtain and retain business, with payments ranging from 5 to 20 cents per barrel for oil transactions.The bribery payments were facilitated through offshore bank accounts, U.S. banks, and coded language in emails, with Trafigura entities earning approximately $51 million in profits from the scheme.DOJ's successful sweep of the commodities trading industry resulted in six corporate resolutions and 20 individual convictions, totaling over $1.7 billion in penalties, emphasizing the importance of robust compliance and surveillance strategies.Trafigura's lack of compliance oversight and failure to maintain proper third-party due diligence or risk management programs allowed the bribery scheme to operate with impunity, highlighting the need for enhanced controls and monitoring in high-risk industries.Despite the challenges faced during the investigation, Trafigura's guilty plea and cooperation with DOJ demonstrate a commitment to addressing corruption and compliance issues in the global commodity trading sector.ResourcesMichael Volkov on LinkedIn | TwitterThe Volkov Law Group

Welcome to the Hughes Hubbard Anti-Corruption & Internal Investigations Practice Group's podcast, All Things Investigation. In this podcast, I joined by Mike DeBernardis to mine compliance lessons from the recently announced Gunvor and Trafigura FCPA enforcement actions. Mike DeBernardis is a seasoned professional with a comprehensive understanding of FCPA enforcement actions and compliance matters, a perspective deeply informed by his numerous client advisory roles on self-disclosure decisions related to FCPA violations and his regular participation in industry discussions. DeBernardis believes that FCPA enforcement actions are increasingly considering past misconduct as a determinant in assigning penalties and discounts. He underscores the necessity for companies to be proactive and innovative in their remediation efforts rather than simply adhering to minimal compliance standards. He also notes a decrease in the reliance on external monitors in FCPA resolutions, potentially due to businesses taking more initiative in improving their compliance programs and directly reporting to the DOJ. In DeBernardis' view, the Department of Justice's approach to FCPA enforcement is dynamic and adaptive, with companies helping shape best practices through their communication with outside counsel and the DOJ itself. Key Highlights: Impact of Self-Disclosure on FCPA Penalties DOJ's Quantifiable Self-Disclosure Benefits in FCPA Cross-Regional Executives in Trafigura Bribery Scheme Innovative Risk Mitigation Strategies in FCPA Rewarding Compliance Efforts in Energy Trading Resources: Hughes Hubbard & Reed website Mike DeBernardis

Welcome to the only roundtable podcast in compliance as we celebrate our second century of shows. In this episode, we have the quintet of commentators; Jonathan Marks, Matt Kelly, Jay Rosen, with Special Guest Karen Moore; all hosted and joined by Tom Fox. 1. Matt Kelly takes a deep dive into the recent speech my Michael Hsu on how fairness helps compliance. (Check out his blog on the topic here.) He shouts out to World Central Kitchen and their continued efforts to feed those in need. 2. Host Tom Fox takes a deep dive into the Trafigura FCPA enforcement action to try and determine how (and why) the company was not required to have a monitor. He shouts out to Houston Astros pitcher Ronel Blanco, who threw a no-hitter in his 8th professional appearance at the age of 30. 3. Jonathan Marks talks about his father's influence on him which helped Jonathan form is views on ethics and the Kobayashi Maru. He shouts out to his father, Gene Marks for a full life well lived.  4. Jay Rosen looks at the enforcement action involving Trafigura. He shouts out to Lou Gossett, Jr. for his Oscar winning role in An Officer and a Gentleman. 5. Special Guest Karen Moore takes a deep dive into the EU Corporate Sustainability Due Diligence Directive.  She shouts out to Austrian government for providing citizenship to descendants of Nazi persecution by means of a declaration, without having to give up their current citizenship or nationality in return. The members of the Everything Compliance are: •       Jay Rosen– Jay can be reached at Jay.r.rosen@gmail.com •       Karen Woody – Is one of the top academic experts on the SEC. Woody can be reached at kwoody@wlu.edu •       Matt Kelly – Founder and CEO of Radical Compliance. Kelly can be reached at mkelly@radicalcompliance.com •       Jonathan Armstrong –is our UK colleague, and is an experienced data privacy/data protection lawyer in London. He can be reached at windyridgehouse@gmail.com. •       Jonathan Marks can be reached at jtmarks@gmail.com. •       Guest Karen Moore can be reached at Kmoore51@fordham.edu The host and producer, ranter (and sometime panelist) of Everything Compliance is Tom Fox the Voice of Compliance. He can be reached at tfox@tfoxlaw.com. Everything Compliance is a part of the Compliance Podcast Network.  Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market: The EU has proposed an amendment to the OECD Arrangement that would effectively ban ECA financing for the fossil fuel value chain Trafigura has secured a $560 million financing with JBIC and SMBC that is linked to LNG imports for Japan SACE has released its annual numbers for 2023 after a year in which it led the way as the most active ECA in the market Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

The award-winning Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to more fully explore a subject. Looking for some hard-hitting insights on compliance? Look no further than Compliance into the Weeds! In this episode, Tom and Matt take a deep dive into the recent SEC enforcement actions involving the Swiss trading company Trafigura. The topic at hand is the Trafigura FCPA enforcement action, a pivotal case that shines a light on the methods of the Justice Department in dealing with corporate misconduct. This case involves a Swiss company, Trafigura, that was culpable of bribery allegations in Brazil and faced scrutiny for its failure to disclose such schemes. Matt zeroes in on the absence of a compliance monitor in Trafigura's case, highlighting the company's extensive misconduct and questioning whether enhanced compliance reporting could adequately replace such a monitor. He advocates for reforming corporate culture through monitoring and expresses confusion over the DOJ's inconsistent enforcement strategy. Fox notes Trafigura's failure to self-disclose and cooperate and its history of recidivist behavior. He too questions the effectiveness of enhanced compliance reporting as a substitute for a compliance monitor and expresses concern over the Justice Department's prioritization of fines over reform. Key Highlights: FCPA Enforcement Action: Importance of Compliance Enhancing Fraud Detection Through Forensic Collaboration Evolution in DOJ Compliance Enforcement Strategies Enforcement Discrepancies in Recidivist Oversight What does it all mean for the compliance professional? Resources: Matt on Radical Compliance Tom on the FCPA Compliance and Ethics Blog  Tom   Instagram Facebook YouTube Twitter LinkedIn Learn more about your ad choices. Visit megaphone.fm/adchoices

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market: JBIC has agreed a pair of buyer credit deals with the Mexican utilities company CFE related to two new combined cycle gas power plants Kexim has opened offices in Poland as it looks to build on Korea's emerging economic partnerships in eastern Europe Trafigura has pleaded guilty to US charges of bribery in Brazil and will pay $126 million in fines Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

This week, Energy Evolution reports from CERAWeek, S&P Global's flagship energy conference. While the event has become increasingly focused on the energy transition, one commodity trading house says the good times for fossil fuels are far from over. Demand for oil and gas, as well as key metals such as copper, is set to grow across most global markets, Trafigura chief economist Saad Rahim tells Taylor Kuykendall on the sidelines of the event. Subscribe to Energy Evolution to stay current on the energy transition and its implications. The show is co-hosted by veteran journalists Dan Testa and Taylor Kuykendall.

This week, Energy Evolution reports from CERAWeek, S&P Global's flagship energy conference. While the event has become increasingly focused on the energy transition, one commodity trading house says the good times for fossil fuels are far from over. Demand for oil and gas, as well as key metals such as copper, is set to grow across most global markets, Trafigura chief economist Saad Rahim tells Taylor Kuykendall on the sidelines of the event. Subscribe to Energy Evolution to stay current on the energy transition and its implications. The show is co-hosted by veteran journalists Dan Testa and Taylor Kuykendall.

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market: Olam Food Ingredients has secured a $500 million samurai facility with the backing of the Italian ECA SACE Trafigura has closed a total of $5.6 billion through its annual European RCFs with a total of 54 financial institutions HSBC is leading the push to secure equity investment and debt facilities for the UK's Sizewell C nuclear plant with the support of UKEF Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

In this OIES podcast, Hasan Muslemani talks to Hannah Hauman, Global Head of Carbon Trading at Trafigura, who is lead author on their latest publication entitled ‘The creation of a global carbon market: A taxonomy of carbon pricing under Article 6'. They discuss key pillars of carbon markets including different forms of carbon pricing mechanisms, […] The post OIES Podcast – A Taxonomy of Carbon Pricing appeared first on Oxford Institute for Energy Studies.

#AndySchectman: Why #SilverPremiums Spike Higher In the past few years since the pandemic lockdown, we've seen a handful of spikes in the premiums on silver (and gold) products. Where there's been a shortage of availability in retail products, although not a shortage of the actual underlying commodities. So in this week's silver report with Andy Schectman of Miles Franklin, I ask him to explain what's actually behind these premium spikes, and why he believes that we are going to continue to see more of them. Andy talks about the issues that are converging on the US economy, and in particular the banking system. That has led so many into the precious metals in recent years, and has driven the gold price again to the $2,000 level in recent weeks. He also expresses his concerns about the banking system, and the possibility of banking 'bail-ins.' Which he continues to believe are coming, and will be responsible for creating a new surge into gold and silver as investors and savers are forced to find a way to keep their assets safe. So to find out more, as well as hear about the latest levels in gold and silver premiums, click to watch this video now! - To get .9999 fine 2023 Australian Silver Kangaroos for only $3.10 over spot price, 2.5 gram gold Valcambi bars for $25 over melt, or 5 gram platinum Pamp Lady Fortuna bars for $25 over melt, email: Arcadia@MilesFranklin.com To find out more about Kuya Silver's recent deal with Trafigura go to: https://kuyasilver.com/news/news/news-2023/uyailvernnouncesonditionaltrategicnvestmentby20231106080000 - To join our free email list and never miss a video click here: https://arcadiaeconomics.com/email-signup/ - To get on the waiting list for your very own ´Silver Chopper Ben´ sterling silver figurine click here: https://arcadiaeconomics.com/get-a-chopper-ben/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ Find Arcadia Economics content on these sites: YouTube - https://www.youtube.com/user/ArcadiaEconomics Rumble - https://rumble.com/c/ArcadiaEconomics Bitchute - https://www.bitchute.com/channel/kgpeiwO1dhxX/ LBRY/Odysee - https://odysee.com/@ArcadiaEconomics:5 Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 Google-https://podcasts.google.com/feed/aHR0cHM6Ly9teXNvdW5kd2lzZS5jb20vcnNzLzE2MTg5NTk1MjMzNDVz Anchor - https://anchor.fm/arcadiaeconomics Amazon - https://podcasters.amazon.com/podcasts Follow Arcadia Economics on these social platforms Twitter - https://twitter.com/ArcadiaEconomic Instagram - https://www.instagram.com/arcadiaeconomics/ To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD) We do receive compensation from Miles Franklin from orders placed through our show. For our full disclaimer go to: https://arcadiaeconomics.com/disclaimer-miles-franklin-precious-metals/Subscribe to Arcadia Economics on Soundwise

#KuyaCloses $1.2 Million Deal With #Trafigura To Move Bethania Into Production Kuya #Silver has been moving its flagship Bethania project towards production, and they just closed a $1.2 million deal with Trafigura that will provide additional capital as well as a strategic partner. In addition to the investment, Trafigura will purchase the mineral concentrate from Kuya and handle the sale of it to the end user, while now also having a stake in the company. To find out more, click to watch this video now! - To read the press release regarding the deal from Kuya Silver go to: https://kuyasilver.com/news/news/news-2023/uyailvernnouncesonditionaltrategicnvestmentby20231106080000 - To join our free email list and never miss a video click here: https://arcadiaeconomics.com/email-signup/ - To get on the waiting list for your very own ´Silver Chopper Ben´ sterling silver figurine click here: https://arcadiaeconomics.com/get-a-chopper-ben/ - To get your paperback or audio copy of The Big Silver Short go to: https://arcadiaeconomics.com/thebigsilvershort/ Find Arcadia Economics content on these sites: YouTube - https://www.youtube.com/user/ArcadiaEconomics Rumble - https://rumble.com/c/ArcadiaEconomics Bitchute - https://www.bitchute.com/channel/kgpeiwO1dhxX/ LBRY/Odysee - https://odysee.com/@ArcadiaEconomics:5 Listen to Arcadia Economics on your favorite Podcast platforms: Spotify - https://open.spotify.com/show/75OH2PpgUpriBA5mYf5kyY Apple - https://podcasts.apple.com/us/podcast/arcadia-economics/id1505398976 Google-https://podcasts.google.com/feed/aHR0cHM6Ly9teXNvdW5kd2lzZS5jb20vcnNzLzE2MTg5NTk1MjMzNDVz Anchor - https://anchor.fm/arcadiaeconomics Amazon - https://podcasters.amazon.com/podcasts Follow Arcadia Economics on these social platforms Twitter - https://twitter.com/ArcadiaEconomic Instagram - https://www.instagram.com/arcadiaeconomics/ To see the evidence of manipulative behavior in the silver market (as well as how you can send it to your local regulators and Congressional representatives) click here: https://arcadiaeconomics.com/cftc-complaint/ - To sign the petition to ban JP Morgan from having any involvement in the silver industry click here: https://www.ipetitions.com/petition/ban-jp-morgan-from-trading-gold-and-silver #silver #silverprice And remember to get outside and have some fun every once in a while!:) (URL0VD)Subscribe to Arcadia Economics on Soundwise

Today we sat down for a chat on all things copper Ben Hooper, of Sandfire, Glencore, BHP & Evolution experience. We chatted through the full chain from copper in the ground, to the concentrator to the smelters & beyond. We also got into the importance of commodity traders as well as the direction of the supply/demand balance in the market. Of course, we couldn't let Ben go without getting him to share some contrarian views he has on the red metal! All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinions only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. Thank you to our Podcast Partners:Terra Capital – Specialist Investment manager in the natural resources sectorAnytime Exploration Services – Exploration workers, equipment, core cutting/storage + much moreJP Search – Recruitment specialists for the financial worldK-Drill – Safe, reliable, and productive surface RC drillingSMEC Power & Technology – Electrical specialists for the mining industryKCA Site Services – Underground mining machine hire for ITs, normets, trucks, and moreMcMahon Mining Title Services (MMTS) – Australia-wide tenement service expertsBrooks Airways – Perth's leading charter flight operatorsFutureproof Consulting – Sustainability consultants providing ESG solutions for businesses of all sizesJoin our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTubeFollow Money of Mine on TwitterFollow Money of Mine on LinkedInFollow Money of Mine on Instagram Chapters:(0:00) Preview(0:45) Intro(6:03) Introduction to Ben Hooper(7:50) When's the copper price tick going to happen?(9:48) Drivers of Copper demand(11:40) What are the economic indicators to look out for?(12:10) The supply story(15:13) Where will additional supply come from?(16:45) Have the disruptions of 2023 been an anomaly?(18:10) What role does recycling play in the copper market?(20:50) What's the role of these mysterious commodity traders(22:38) Interacting with Commodity Traders(26:05) How Commodity Traders Can Structure Deals That “Screw” Miners(31:15) Commodity Trader Margins at the expense of producers(33:15) Difference in supply & demand concentrate vs metals(34:15) How does the price charged by smelters change over time?(35:15) Glencore, Trafigura, method of making money(36:30) China's role in the smelting market(39:50) Why copper inventories isn't a great metric to predict price any more(40:45) How China-dominant is

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market: Kexim has revealed that talks for a second round of defence exports to Poland could be worth up to $22 billion Trafigura has secured $2.7 billion-equivalent in loans from the Asia markets Export Finance Australia will support Vulcan Energy's zero-carbon lithium project in the Upper Rhine Valley Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market: Trafigura has secured a pair of revolving credit facilities totalling $400 million with support from US Exim Northland Power has reached financial close on a deal for its 1GW Hai Long offshore wind project in Taiwan US Exim is considering a proposal to support the development of the lithium iron phosphate battery industry in Canada Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Who really prices oil? Traders? OPEC? Financial Flows and hedge funds? The oil markets are far different than two decades ago. They are increasingly financialized opening trading to a far greater number and variety of participants. Now, as in equities, sentiment can drive markets in the short term irrespective of the physical flows. On September 14 in London, HC Group and Onyx Capital hosted a live podcast event to address just this. Kurt Chapman, Director of Levmet, Saad Rahim, Chief Economist of Trafigura, Tor Svelland, CEO and Founder of Svelland Capital, Savvas Manoussos and Greg Newman, CEO & Founder of Onyx Capital joined Paul Chapman to discuss. We also celebrated Greg's new book - "The World of Oil Derivatives". A fantastic primer for financial trading in the oil markets. HC Group is a search firm dedicated to energy & commodities sector. For more information visit www.hcgroup.global.  

Integra Resources published their updated mineral resource estimate from the stockpile drilling at DeLamar. Collective Mining has new drill results from Apollo. K92 Mining entered into a US$100 million senior secured loan agreement with Trafigura. Li-FT Power release new drill results from Yellowknife. Offical assays are in from American West and its Storm Copper Project in Nunavut. We'd like to thank our sponsors: Western Copper and Gold is focused on developing the world-class Casino project in Canada's Yukon Territory. The Casino project consists of an impressive 11 billion pounds of copper and 21 million ounces of gold in an overall resource. Western Copper and Gold trades on the TSX and the NYSE American with WRN. Be sure to follow the company via their website, www.westerncopperandgold.com. Arizona Sonoran Copper Company (ASCU:TSX) is focused on developing its brownfield copper project on private land in Arizona, a tier 1 location. The Cactus Mine Project is located less than an hour's drive from the Phoenix International airport via highway i-10, and with grid power and the Union Pacific Rail line situated at the base of the Cactus Project main road. With permitted water access, a streamlined permitting framework and infrastructure already in place, ASCU's Cactus Mine Project is a lower risk copper development project in the infrastructure-rich heartland of Arizona.For more information, please visit ⁠www.arizonasonoran.com⁠. Fireweed Metals is advancing 3 different projects within the Yukon and Northwest Territories, including the flagship Macmillan Pass Project, a large zinc-lead-silver deposit and the Mactung Project, one of the largest and highest-grade tungsten deposits in the world. Fireweed plans to advance these projects through exploration, resource definition, metallurgy, engineering, economic studies and collaboration with indigenous people on the path to production. For more information please visit ⁠fireweedmetals.com⁠.

Global commodities trader Trafigura released a report in May showing that shipping is responsible for around 3% of the world's greenhouse gas emissions. The report also found a lot of opportunities to reduce those emissions while increasing economic opportunities for countries that step up to supply low-emission fuels to the industry. In this bonus episode, in addition to our typical weekly programming, Energy Evolution speaks with Margaux Moore, head of Trafigura's energy transition research group, and Rasmus Bach Nielsen, the company's head of fuel decarbonization.  Energy Evolution co-hosts Dan Testa and Taylor Kuykendall are veteran journalists with broad expertise covering the energy and mining sectors. In addition, Camellia Moors and Camilla Naschert, reporters who write about mining and power issues, are correspondents for Energy Evolution and regularly contribute to the show. Subscribe to Energy Evolution on your favorite platform to catch our latest episodes! We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz

Earlier this year, it emerged that the London Metals Exchange had been holding a bunch of bags filled with stones instead of the nickel needed to back trades for major commodities players, including Trafigura. Before that, commodities trader Mercuria was given painted rocks instead of the copper it was supposed to take delivery of. In short, the commodities world is no stranger to fraud. But what is it about the business of trading, moving and storing commodities that makes it so susceptible to scandal? In this episode, we speak to repeat Odd Lots guests and commodities collateral specialists Mercury Group CEO Anton Posner and President Margo Brock, about some recent episodes of counterfeiting in commodities world, why they seem to keep happening, and what could be done to prevent further instances from occurring.See omnystudio.com/listener for privacy information.

Description A View From the Top with Saad Rahim In this episode, Saad Rahim, Chief Economist of Trafigura, the global commodity trading house, joins us to give an overview on the current state of the commodities markets. China is open for business. OPEC is cutting production. Is Oil poised for a big rise? Are cyclical markets over...replaced by a more volatile, less efficient, price-spiking and unpredictable paradigm? Where will metals headed with continued supply constraints? Is Copper the ultimate transition metal and what does energy transition mean for the traders? 

In this special episode, I provide notes, quotes and my take away from the FT Commodities Summit in Lausanne, Switzerland. Starting the day Credit Suisse was taken over by UBS, the conference was held against a backdrop of financial turmoil and geopolitical fractures. What do the leaders of the commodities sector see as the major opportunities and challenges, after a year of record profits and the sector itself becoming central to global strategic interests and energy transition. What are the price predictions and the nature of the trading environment for the rest of the year. This is one of the few events where the CEOs of all the trading houses meet and publicly discuss their role and views on the market.