Press Releases

Mubadala and Trafigura complete creation of joint venture to invest in base metals

Mubadala Development Company (“Mubadala”), the Abu Dhabi-based investment and development company, and Trafigura Group Pte Ltd (“Trafigura"), a market leader in the global commodities industry, have today completed the creation of 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 percent 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.

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.