02
Aug
13:43
Trafigura backs Develop Global's copper-zinc mine
Base metals explorer Develop Global said Friday it has secured a $65 million prepayment/loan facility from global commodity trader Trafigura to develop its Woodlawn copper-zinc mine in New South Wales, Australia.
The companies have also inked a 5-year offtake agreement wherein Trafigura will buy all of Woodlawn’s production, including lead, zinc and copper concentrates.
Kallanish understands the backing from Trafigura enables Develop to progress the W…
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