Is Mercuria partnering with Zambia?

(Bloomberg) -- Mercuria Energy Group is teaming up with Zambia on a metals trading venture, the latest example of a commodity house partnering with a mineral-rich state to secure access to key resources. Most Read from Bloomberg Mercuria will join forces with Zambia’s Industrial Development Corp., it said in a statement on Thursday.

Will Mercuria invest in Africa?

For Mercuria and others, that means heavy investments in African countries such as Zambia, the continent’s No. 2 copper producer. “You will see us very present in Africa and putting our money where our mouth is in respect of the Copperbelt” region, Bintas said in October.

Will Mercuria join Zambia's Industrial Development Corp?

Most Read from Bloomberg Mercuria will join forces with Zambia’s Industrial Development Corp., it said in a statement on Thursday. The Geneva-based company, which hired Trafigura Group veteran Kostas Bintas to build out a metals trading unit this year, is pushing to increase its exposure to copper.

Who is Mercuria?

Marco Dunand / CEO & Co-founder, Mercuria We have been successful since being founded in 2004 We are global, operating in over 50 countries Gross revenue in 2022 We are net zero carbon, offsetting scopes 1 & 2 Energy and commodities trading from our global business hubs. We’re investing in some of the world’s most innovative companies.

How diversified is Mercuria?

Mercuria is geographically diversified, operating in more than fifty countries and with three major trading regions Europe, Asia Pacific, and the Americas. The world is dynamic, and things change all the time. Our job is to react to circumstances and figure out how to optimize the energy system now and for the future.

How much money will Mercuria provide?

Mercuria will provide the financing, which is likely to be in the hundreds of millions of dollars, one of the people said, declining to be named, citing the private nature of the information.