Trafigura Group is facing sizable losses related to its oil activities in Mongolia, according to people familiar with the matter, in a fresh blow for the company that has risen to become one of ...

Trafigura Group is preparing to take a US$1.1 billion hit after discovering what it suspects was fraud involving employees in its Mongolian oil business, according to people familiar with the matter..

Trafigura Beheer BV, the world’s second-largest independent trader of non-ferrous metals, plans to expand in Mongolia to deliver more iron ore, coal and copper to the Chinese market.

Trafigura's zinc and lead producer Nyrstar also led to a significant impairment of nearly $300 million in 2024. The $1.1 billion loss in Mongolia was accrued over five years.

(Reuters) -Trafigura will make provisions of $1.1 billion after an internal review discovered fraud by individuals in its Mongolian petroleum products supply business, the commodity trader said on ...

Global commodities trader Trafigura posted a 62% plummet in profits in 2024, as it continues to investigate a $1 billion fraud scandal engulfing its Mongolia oil business. The Singapore-based ...

Trafigura, one of the world's top oil and commodity traders and Origo Partners Plc, one of the largest private equity investors in Mongolian natural resources have formed a 50:50 joint venture to ...

LONDON, Nov 7 (Reuters) - Trafigura, one of the world's top commodity traders, and Origo Partners Plc , a private equity investor in Mongolian natural resources, have formed a 50:50 joint venture ...

Origo Partners PLC said it has formed a 50-50 joint venture with global commodities trader Trafigura Group to invest in Mongolian coal and iron ore. The joint venture will be called Trafigura ...

Trafigura Faces Mongolia Oil Loss in New Blow for Trading Giant. Trafigura Group is facing sizable losses related to its oil activities in Mongolia, according to people familiar with the matter, in a ...

Trafigura revised its 2022 and 2023 earnings and group equity to reflect the Mongolia loss. 2022 was revised to $6.8 billion compared with $7 billion and 2023 was revised down to $7.3 billion from ...