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Trafigura’s $200m Advance Payment Under Kamoa-Kakula Copper Offtake Agreement

Country
Democratic Republic of Congo
Sector
Mining
Intelligence Type
Capital
Status / Stage
Executed
Estimated Value
USD 200000000
Confidence
Advance-payment figure and offtake split are drawn from a single detailed secondary source and are recommended for cross-check against Ivanhoe/Trafigura primary disclosures

Trafigura Asia Trading secured 20% of the offtake from Kamoa-Kakula’s new 500,000-tonne-per-year direct-to-blister copper smelter under a three-year agreement that included a $200 million advance payment to Ivanhoe Mines’ Kamoa Copper S.A. The remaining 80% of smelter output is covered by CITIC Metal and Zijin Mining.

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