Post by Trafigura

Trafigura has signed a USD350 million loan facility agreement with DEVELOP GLOBAL LTD, supporting the development of two critical minerals mines in Australia. The financing covers the Sulphur Springs copper-silver-zinc project in Western Australia's Pilbara region and the Pioneer Dome Lithium Project in the Eastern Goldfields - both producing metals essential to industrial and energy transition supply chains.   Alongside the loan facility, Trafigura and Develop have agreed binding offtake agreements covering 100% of available production from both projects, plus a warrant package that could unlock an additional USD50 million for Develop. Trafigura has also agreed to refinance Develop's existing facility on its operational Woodlawn copper-zinc-lead mine in NSW. With financing and offtake now in place, Develop has taken Final Investment Decisions on both projects - accelerating its growth from a single-asset company to a diversified miner.   Gonzalo De Olazaval, Global Head of Metals and Minerals at Trafigura, commented: "This transaction exemplifies what Trafigura does best: working alongside strong management teams and leveraging our financial strength and market expertise to help bring the critical industrial and battery metals the world needs to market."   Read the full press release here: https://lnkd.in/eT-fHUh5 #criticalmetals #greenfieldprojects #energytransition #supplychains