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Nyrstar trafigura


6. The stall in profit growth (Bloomberg) -- Trafigura Group Ltd. S. Nyrstar is seeking to raise between €250m and Nyrstar, Trafigura, the Bank Coordinating Committee and a representative group of Noteholders BRU11306015/2 167729-0002 • Unless otherwise agreed, 29 April 2019 to the extent that the relevant majorities of creditors under Trafigura Beheer is pushing to exert greater control over zinc refiner Nyrstar, its latest attempt to solidify influence over a company that produces the commodities it trades. Nyrstar, a  3 Jun 2020 The country's Financial Services and Markets Authority (FSMA) initially focused the probe on Nyrstar's commercial relationship with Trafigura. Share capital The registered capital amounts to € 114,134,760. and Nyrstar NV directors met the fury of a small group of shareholders at a marathon meeting on Tuesday, in which investors accused the commodities trader of Jul 31, 2019 · Nyrstar engaged primarily with its three main financial creditor groups and each of their advisers, specifically: (i) the Ad-hoc Group of Noteholders, (ii) the Co-ordinating Committee representing the Nyrstar group’s banks, and (iii) Trafigura as lender under the TFFA and as potential capital provider, to develop a restructuring plan which Alongside the bridge financing, Trafigura will issue Nyrstar bondholders 262. Cette offre est  12 Oct 2019 Nyrstar was on the brink of bankruptcy before Trafigura stepped in. Campbell River, British Columbia, Canada. INTERVIEW: Trafigura execs say unexpected $2. Trafigura's Code of Business Conduct (“the Code”) is designed to be a central reference point for all employees that sets out our corporate principles and business ethics. Group entering into the Trafigura Trade Finance Framework Agreement. 4% previously. Ltd. 42%   Nyrstar est une société minière et métallurgique, leader sur le marché du zinc et du plomb, et en pleine croissance pour les autres métaux de base, ainsi que les   10 Jun 2020 Nyrstar NV (the “Company”) today provides an update on the two an indirect subsidiary of Trafigura Group Pte Ltd. Trafigura Group for the Company’s 2% shareholding in the Nyrstar Group which was retained under the restructuring that was completed on 31 July 2019 (the “Offer”). Visit www. 085 MT On 21 November 2018, Nyrstar NV (“Nyrstar” or the “Company”, together with its subsidiaries, the “Group”) announced that it had signed a binding term sheet with Trafigura Pte Ltd (“Trafigura”) under which Trafigura would extend USD650 million of committed liquidity in favour of Nyrstar Sales & Marketing AG (“NSM”). Clients Trafigura Group Pte. Prior to Nyrstar Henk worked as a Senior Project Manager and Chief engineer at Trafigura. used its influence at Nyrstar NV, one of the world’s biggest zinc refiners, to undermine the company and unfairly enrich itself, a group of Nyrstar May 29, 2020 · LONDON (Reuters) - Belgium’s Financial Services and Markets Authority (FSMA) has expanded an investigation it started in September into zinc group Nyrstar, which is now owned by commodities trader Sep 28, 2019 · Nyrstar NV ’s auditor has warned that incomplete disclosures relating to supply deals with Trafigura Group Ltd. Apr 15, 2019 · Trafigura Group set to take control of Nyrstar FILE PHOTO: The Trafigura logo is pictured at the company entrance in Geneva, Switzerland March 11, 2012. Trafigura , a worldwide metal and oil trader, owned 24. Het beursgenoteerde Nyrstar bevat nog maar een fractie van de vroegere activiteiten, waarvan het grootste deel, tot ongenoegen van menig kleine belegger, werd opgeslokt door Trafigura. "The big task for us in 2020 is to make sure that we deliver on the turnaround of Nyrstar," he said, after Trafigura took control of the firm in July at the end of a restructuring. REUTERS/Denis Balibouse Trafigura said the financing would be in addition to the $650-million working capital facility granted to Nyrstar in November. La dette du raffineur belge au bord de la faillite va être restructurée. Angry Nyrstar shareholders Nyrstar restructuring completed. Nyrstar is currently hiring for positions in its Finance, Treasury, Operations and Logistics, IT and HSE departments. Nyrstar Trafigura is the majority owner of the operating business of Nyrstar, a global multi-metals business with a market leading position in zinc and lead, and growing positions in other base and precious metals. We have built a global business on service and performance. will take control of Nyrstar NV, Europe’s biggest zinc smelter, as part of a deal to restructure the struggling company’s debt and steer it away from bankruptcy. The consolidation of Nyrstar added another US$370 million. 11 Jun Oil trader Trafigura thrives amid virus as profit jumps 27% WATT legal represents impacted shareholders in the case NYRSTAR-TRAFIGURA . Like rival Swiss commodities trader Glencore, Trafigura faces increasing scrutiny over its corporate ethics globally. 5 million euros in Trafigura perpetual bonds, 80. Oct 30, 2014 · Trafigura’s opportunity came in September, when Nyrstar launched a rights issue offering shares at a half-price discount, as part of a 600 million euro ($774 million) capital raising to fund Nyrstar key for Trafigura zinc and lead book In the other corner is Trafigura, which took a $72 million writedown on its equity stake in Nyrstar when announcing 2018 results last December, but Nyrstar plays an important role in the trader’s metals book as a major offtake partner buying in concentrates and providing zinc and lead for Trafigura Trafigura’s rescue package for Nyrstar comes at a price, with the trader taking greater ownership of one of the world’s largest zinc smelter's prized assets in return for helping it bridge a nine-day liquidity crunch. Fernandez and Trafigura have agreed with Nyrstar that it would promote clarity around that process if Mr. The Trafigura working capital A spokesman for Trafigura said that the Nyrstar stake was a “financial investment”. Under the terms of the Offer, the Trafigura Group is offering to pay EUR 22 million for the one B Ordinary Share held by Nyrstar in NN2 Newco Limited. Jones Day advised Trafigura Group Pte. It split off from a group of companies managed by Marc Rich in 1993. Trafigura declined to comment. 00 CEST Nyrstar NV ("Nyrstar" or the “Company”) today announces that further to discussions that it has been having with the Trafigura Group, a revised offer has been received for the Company’s 2% shareholding in the Nyrstar Group which was Apr 15, 2019 · Nyrstar, which owns the Port Pirie smelter, looks set to be taken over by its major shareholder and debt holder Trafigura to avoid the failure of the Belgium-based company. Trafigura said the financing would be in addition to the $650-million working capital facility granted to Nyrstar in November. Nyrstar has mining, smelting and other operations located in Europe, the Americas and Australia and employs over 4,000 people. Henk Jonker joined Nyrstar in 2019 as Head of Projects Execution. 97 represented by 109,873,001 shares. Jun 20, 2019 · Trafigura's bonds were down around two points on Thursday, just as bondholders in Nyrstar, a company it rescued, prepare to get paid out in new bonds issued by the commodity trader. Rating agency S&P downgraded Nyrstar’s bonds last month after the miner deferred payment of coupons due on its 2019 and 2024 bonds as it held restructuring talks with shareholders. Wednesday, 21 November, 2018. Auditor Warns on Nyrstar Accounts After Probe of Trafigura Deals (Bloomberg) -- Nyrstar NV’s auditor has warned that incomplete disclosures relating to supply deals with Trafigura Group Ltd. Jun 11, 2020 · Trafigura, which has drawn scrutiny for its debt leverage compared with some of its rivals, said total borrowings were $30. The impact of Covid-19 wasn’t all positive for its finances as the virus took a further toll on some of Trafigura’s fixed-asset Operating business became majority owned by Trafigura, a market leader in the global. , updated weekly since 2007. The plant was due for some much needed maintenance to ensure future production. 7 May 2019, as may be agreed by Nyrstar, Trafigura, the Bank Co-ordinating Committee and an ad-hoc group of Noteholders. They believe Trafigura used its influence on Nyrstar to sign extremely onerous contracts that led to Nyrstar’s bankruptcy and crushed minority shareholders. Groundbreaking software, which you can get freely by clicking on Trafigura Domineert Algemene Vergadering Nyrstar the button below. This is the website of the listed company Nyrstar NV, which is, since the completion of the Restructuring on 31 July 2019, owner of 2% of the equity in NN2 NewCo Limited, the holding company of the operating activities of Nyrstar. com Trafigura is one of the world’s leading independent commodity traders, specialising in oil, minerals and metals markets. The remaining 2% is held by other shareholders through another entity called Nyrstar NV. Trafigura, the global commodities trader, which played an important role in Nyrstar’s restructuring, is a key shareholder, creditor and trade-counterparty of Nyrstar. The announcement by Trafigura follows a separate announcement by Nyrstar on the outcome of its capital structure review, where Nyrstar confirmed that the South Australian taxpayer guaranteed funding for Nyrstar Port Pirie was unaffected by the capital restructure. He has almost 20 years of experience in mining and manufacturing related operations and projects. Nyrstar is one of the world's largest zinc smelting companies with smelters across northern Europe, the United States and Australia. At the time, Trafigura agreed to repay the remainder of the taxpayer-guaranteed loan — $262. Its primary trading activities are Oct 10, 2019 · Nyrstar underwent a major restructuring this year to avoid bankruptcy, during which Trafigura stepped in to raise its stake to 98% from 24. Oct 30 (Reuters) - Metals producer Nyrstar NV said on Tuesday that third-quarter core profit dropped 74 percent, hit by a combination of falling zinc prices, rising energy prices and higher mine operating expenses. Knoxville News Sentinel 8,241 views. The impact of Covid-19 wasn't all positive for the company's finances, as the virus took a toll on some of Trafigura's fixed-asset investments. Mar 2020 – Present 4 months. Established in 2007 as an independent philanthropic entity, the Trafigura Foundation provides long-term funding and expertise to improve the socio-economic conditions of vulnerable communities around the world. Nyrstar made a positive contribution of USD370 million to Trafigura’s gross profit and USD72 million on the Group’s EBITDA for the first time, showing the benefits of the turnaround plan being implemented since its consolidation within the Group last year. The Belgian company, whose biggest shareholder is Swiss-based global commodities Nyrstar made a positive contribution of USD370 million to Trafigura’s gross profit and USD72 million on the Group’s EBITDA for the first time, showing the benefits of the turnaround plan being implemented since its consolidation within the Group last year. Nyrstar gets liquidity lifeline Trafigura took control of Nyrstar earlier this year as part of a restructuring process that all but wiped out other shareholders, including many of those present at the meeting in Antwerp, Belgium. Trafigura Beeher BV is a multinational commodity trading company based out of Switzerland. 2015 Actuellement, Nyrstar fournit du métal de zinc à Noble en vertu d'un contrat à long terme existant. Nyrstar NV. Oct 12, 2019 · Nyrstar NV said on Friday it had received an unsolicited offer from Trafigura to buy the 2% stake for 22 million euros ($24. Alongside the allegation of fraud, the shareholders allege Nov 06, 2019 · Trafigura took control of Nyrstar earlier this year as part of a restructuring process that all but wiped out other shareholders, including many of those present at the meeting in Antwerp, Belgium. In August 2019, Nyrstar's operating business became majority owned by Trafigura, a market leader in the global commodities industry, Nov 21, 2018 · Nyrstar NV ("Nyrstar" or the "Company", together with its subsidiaries, the "Group") announces that it has signed a binding term sheet with Trafigura Pte Ltd ("Trafigura") under which Trafigura Jun 03, 2020 · Geneva-based Trafigura took control of Nyrstar in early 2019 as part of a restructuring process that all but wiped out other shareholders. 5:36. could Jun 26, 2020 · One year after taking Nyrstar private, Trafigura chief financial officer Christophe Salmon said the trading company "made the right choice" by committing $2. 2019 Trafigura annonçait mi-octobre vouloir racheter les 2% d'actions détenues par Nyrstar dans la NewCo pour 22 millions d'euros. Voting rights The current number of voting rights (the "denominator") amounts to 109,873,001. (“Trafigura”) to disclose  11 Oct 2019 Trafigura Group offered to buy the remaining 2% of Nyrstar NV that it doesn't own, a move to take full ownership of the zinc smelting business in  Jones Day advised Trafigura Group Pte. Jul 2020 – Present 1 month. Trafigura, Nyrstar. Oct 12, 2019 · Nyrstar shareholders to sue commodities trader Trafigura for $1. Trafigura is one of the world’s leading independent commodity trading and logistics houses. , the new company formed out of Nyrstar’s operating assets after a debt restructuring. It has been the most forward in following in the footsteps “of the Master” in acquiring control of mining properties. We focus on creating long-term value for our customers by prioritising their interests. The commercial agreements entered into by Nyrstar with Trafigura were on market based terms and were not the cause of Nyrstar’s financial situation. Feb 25, 2019 · Nyrstar understands that Mr. He has led the team from difficult situations and is a 'go to man' for all direct tax relates issues. Aug 01, 2019 · Trafigura Group Pte Ltd. 6 million euros in Trafigura senior notes and a 225 million euro seven Auditors reviewing Nyrstar NV’s annual accounts were “unable to obtain sufficient appropriate audit evidence” on some transactions and disclosures relating to the company’s relationship with Trafigura Group Ltd. 48 billion euros ($1. 1 million Nyrstar has 6 smelters (in Australia, Belgium, France, Netherlands, and the United States) and 1 fumer in Norway. 63 billion) in damages from global commodities trader Trafigura over the restructuring of the Belgian firm Trafigura is already the largest single shareholder in Nyrstar with a holding in excess of 20 percent. Port Pirie is Trading firms Trafigura, Glencore and Mercuria as well as the trading division of French oil major Total have rented close to 15 million barrels of storage tanks from South Korea's state oil firm Korea National Oil Corp (KNOC) Trafigura granted extra cash to keep Nyrstar running smoothly as the company, the world’s second-largest zinc producer, faced a crisis over its massive debt burden. Trafigura, a worldwide metal and oil trader, owned 24. Rating agency S&P downgraded Nyrstar's bonds last month after the Trafigura is set for crunch talks with holders of Nyrstar bonds and the company’s bankers, as the world’s largest global zinc producer faces €340 million ($385 million) of looming debt repayments and a crumbling share price. The USD250 million of secured bridge financing is a continuation of the support that Trafigura has provided to the Nyrstar Group since 2016, having invested in the capital of Nyrstar NV, provided working capital, and in December last year provided a USD650 million trade finance facility. 6, according to a statement on Oct. Philippines. A Nyrstar: Resignation of Auditor to avoid potential conflict of interest 26/06/2020 Nyrstar: Ontslag van Commissaris om potentiële belangenconflicten te vermijden 26/06/2020 Nyrstar provides an update on the second extraordinary general meeting to be held on 30 June 2020 The privately held trading house—which mainly deals in metals and oil—had a mixed year, as revenue climbed by about one-third but profits remained essentially flat. Trafigura signed the long-term sales and purchase agreements with Nyrstar in 2015, putting it in a position to supply about a quarter of the company’s raw-material needs and buy more than a third of its metal output. Analysts said the deal alleviates some of the short-term pressure on Nyrstar and makes a debt restructuring more likely in the future. 413 MT GROSS WEIGHT - 70 7. Asset strippers are circling the Belgium-based producer of zinc and lead. Nyrstar announced on Wednesday November 21 that its biggest shareholder Nyrstar, the heavily indebted metals and mining group, has moved to bolster its financial position by securing a $650m funding lifeline from its biggest shareholder, the commodity trader Trafigura. Oct 08, 2019 · Nyrstar’s shareholders are suing Nyrstar and ultimately plan to seek hundreds of millions of damages from Trafigura. Sep 08, 2019 · Commodities trader Trafigura Group Ltd. Jun 26, 2020 · Nyrstar is the world’s second largest zinc producer RSQ Investors accuses Nyrstar of having, in close consultation with Trafigura, significantly harmed the company since Trafigura’s entry into the Trafigura was set up by Claude Dauphin and Eric de Turckheim. 4% stake in the Belgium-listed firm. Trafigura said the financing would be in addition to the $650 million working capital facility granted to Nyrstar in November. Our mission. (“Trafigura”), a market leader in the global commodities industry, in connection with its acquisition of a majority stake in the operating business of Nyrstar, a multi-billion dollar global metals business. BHP Revised Offer Received for Nyrstar’s 2% Shareholding in the Nyrstar Group 24 October 2019 at 19. Jun 27, 2019 · Nyrstar NV ("Nyrstar" or the “Company” and, together with its subsidiaries, the “Group”) today announces that it has today published on the Company website the written questions and answers from Nyrstar is listed on Euronext Brussels under the symbol NYR. 11. Jun 29, 2020 · RSQ Investors accuses Nyrstar of having, in close consultation with Trafigura, significantly harmed the company since Trafigura’s entry into the company in 2015 by tacitly contributing to the Nov 10, 2017 · Nyrstar NV ("Nyrstar") today confirms that it has signed a two year extension to the USD 250 million committed working capital facility provided by Trafigura. Be part of an exciting global organisation which provides a challenging and rewarding working environment and values its people. Trafigura starts financial year strongly, to focus on Nyrstar - CFO. The company was founded in 1933 and deals primarily in basic metals, energy and oil. To allow completion of certain lenders’ credit approval processes and for remaining relevant creditors to accede to the Lock-up Agreement, Nyrstar announces that it has been agreed that the Phase 2 Longstop Date The conclusion is clear: if Trafigura would have engaged in the role of the responsible reference shareholder they always pretended to be, the restructuring of Nyrstar whereby the minority shareholders were left empty-handed could have been avoided. and Nyrstar NV directors met the fury of a small group of shareholders at a marathon meeting on Tuesday, in which investors accused the commodities trader of unfair dealings that led to the downfall of Europe’s biggest zinc smelter. In July 2019, Nyrstar’s operating business became majority owned by Trafigura. 2019 Le suisse Trafigura, le leader mondial du négoce de matières premières, va prendre le contrôle du belge Nyrstar. Nyrstar Port Pirie. 6% of its shares and took sole ownership of the company on 07/31/2019, during a "capital restructure" of the company, replacing CEO Hilmar Rode with Daniel Vanin, a 40-year miner. However, it is a Dutch organisation with the registered office at Amsterdam. Henk holds a degree in Mechanical Engineering, BCom as well as an MBA degree. Trafigura offered to pay 22 million euros ($24 million) for Nyrstar’s holding in NN2 Newco Ltd. Apr 15, 2019 · Nyrstar’s profitability, meanwhile, would be boosted as the deal provides it with the working capital to operate smelters at full capacity. Save. If you are impacted by this collective action and want to join it, please fill in the following form: Nyrstar Port Pirie. It also has zinc mines in North America. Mill Manager Glencore Zinc / Trevali. Investors ended up owning stakes in a new firm that Trafigura is a significant and supportive shareholder of Nyrstar through its subsidiary, Urion Holdings (Malta) Ltd. 2019 Trafigura prend le contrôle du géant du zinc Nyrstar. Stock market gains are justified: BMO’s Brian Belski Jun 11, 2020 · Trafigura, which has drawn scrutiny for its debt leverage compared with some of its rivals, said total borrowings were $30. Last year, Trafigura's stellar 2019 trading results were bogged down by losses in some of its related firms, such as its Belgium-based zinc producer Nyrstar. Since 30 October, the mining company has been facing a financial crisis with worsening liquidity position that had an adverse impact on its normal functioning. (“Trafigura”), a market leader in the global commodities industry, has today become the majority owner of the operating business of Nyrstar, a global multi-metals business. 8 October 2019 – The restructuring of Nyrstar’s balance sheet was necessitated by the financial stress being experienced by Nyrstar due to its unsustainable levels of debt. (“Trafigura”), a market leader in the global commodities industry, in connection with its acquisition of a majority  8 mars 2019 Le négociant en matières premières Trafigura, principal actionnaire et partenaire commercial de Nyrstar, les créanciers obligataires et les  15 avr. Trafigura is the majority owner of the operating business of  25 oct. Nyrstar Jan 2005 – Jun 2015 10 years 6 months Performed general millwright duties in both underground mining and surface industrial environments including moving, assembling, installing, dismantling and repairing machinery. Nyrstar is an integrated mining and metals business, with established positions in zinc and lead. Apr 15, 2019 · Nyrstar, which owns the Port Pirie smelter, looks set to be taken over by its major shareholder and debt holder Trafigura to avoid the failure of the Belgium-based company. Nyrstar, one of the world’s largest zinc In July, European commodities giant Trafigura became the majority shareholder of Nyrstar. could affect the accuracy of the zinc producer’s financial reports, bringing fresh scrutiny to the deep commercial relationship between the two companies. 2019 Comme prévu, Nyrstar tombe sous le contrôle du géant mondial du négoce de matières premières Trafigura, jusqu'alors son principal  16 déc. Lucas said on May 1 that Trafigura needed his approval to do so, under the terms of the loan from the State Government. Today’s rescue package further strengthens the relationship. 2019 L'acquisition en juillet par le négociant genevois Trafigura de la majorité du capital de Nyrstar pose problème, selon un ancien cadre de cette  8 Sep 2019 Commodities trader Trafigura Group Ltd. Sr. Noble, qui est un concurrent de Trafigura, a  27 Apr 2015 Trafigura Beheer is pushing to exert greater control over zinc refiner Nyrstar, its latest attempt to solidify influence over a company that produces  21 juin 2019 concocté par son actionnaire de contrôle Trafigura. Put your trades to Trafigura Domineert Algemene Vergadering Nyrstar copy the best traders of the world and earn money without doing much work. However, the increase was boosted by a change in accounting standards that added US$481 million. The investors now own stakes in a new firm that controls about 2% of Nyrstar and Trafigura, the world’s second-biggest metals trader, holds the rest. The trading house officially became majority owner on 31 July, and has reinstated financing facilities with Nyrstar’s financial creditors, following a restructuring process. Nov 27, 2019 · In July, European commodities giant Trafigura became the majority shareholder of Nyrstar. Fernandez will now be representing Trafigura in the negotiations regarding Nyrstar’s capital review process. In August 2019, Nyrstar's operating business became majority owned by Trafigura, a market leader in the global commodities industry, providing a stable long term platform for its marketing leading operations worldwide. World Dangerous Idiots Bulldozer Heavy Equipment Operator Skill Nyrstar, the zinc and lead mining and processing firm, has reached a deal with some of its creditors in which Trafigura, the commodities trader that owns a 25% stake, could take the whole firm Aug 01, 2019 · Trafigura is a global company “with a much stronger balance sheet than Nyrstar eventually had globally” and the takeover should give confidence to the Port Pirie community, Mr Lucas said. Shares in Nyrstar, which are listed on Euronext in Brussels, rose more than 8 per cent to €2. nyrstar. Trafigura/Nyrstar. Under a rights issue plan unveiled by Nyrstar on Monday, Trafigura has agreed to purchase up to half of the shares being sold by the zinc company. 9bln Nyrstar investment starting to pay off One year on from taking Nyrstar private, Trafigura chief financial officer Christophe Salmon says the trading firm "made the right choice" by committing $2. 3 Min Read * Lead and zinc producer says Q3 core profit drops 74 pct * Shares tumble 11 pct after the results Aug 01, 2019 · The Nyrstar business has mining, smelting and other operations located in Europe, the Americas and Australia and employs approximately 4,200 people in its various locations. 7 avr. Apr 15, 2019 · April 15 (Reuters) - Belgian metals and mining company Nyrstar’s major shareholder Trafigura Group is set to take control of the company as part of a recapitalisation plan, Nyrstar said on Monday. ('Nyrstar', Belgium) (the 'Proposed Transaction'). Nyrstar NV’s auditor has warned that incomplete disclosures relating to supply deals with Trafigura Group Ltd. The support of Trafigura is demonstrated through a variety of commercial and financial agreements. [7] Before his death, in September 2015, Dauphin owned less than 20% of the company, with the rest owned by 500 senior staff. Saving Nyrstar would protect 4,000 jobs, it says. REUTERS/Denis Balibouse Revised Offer Received for Nyrstar’s 2% Shareholding in the Nyrstar Group 24 October 2019 at 19. Port Pirie is a primary lead smelter which also has the flexibility to treat a small range of other metal bearing feed material. 75. Apr 15, 2019 · Trafigura said the financing would be in addition to the $650 million working capital facility granted to Nyrstar in November. BHP The consolidation of Nyrstar added another $370 million. Trafigura acquired the near-bankrupt Belgian firm after a restructuring but minority shareholders plan to sue the trade house for $1. In 2008, the company had equity of more than $2 billion and a turnover of $73 billion that generated $440 million of profit. Trafigura, a global commodity trading giant and Nyrstar’s largest shareholder, in April revealed its intentions for a majority takeover of the zinc and lead miner. 6 billion. 84 billion, down slightly from $31 billion at the end of its fiscal 2019. 11 déc. In a … ANNOUNCEMENT BY THE FINANCIAL SERVICES AND MARKETS AUTHORITY, PUBLISHED IN APPLICATION OF ARTICLE 78 OF THE LAW OF 21 NOVEMBER 2017 Trading in the financial instruments of Nyrstar, ISIN BE0974294267, on Euronext Brussels is suspended on the request of the company from 08/04/2019 at 13:55 CET until the publication of a press release. Geneva, 31 July 2019 – Trafigura Group Pte Ltd. Rating agency S&P downgraded Nyrstar's bonds last month after the miner deferred payment of coupons due on its 2019 and 2024 bonds as it held restructuring talks with shareholders. 9 billion in capital doing so. 00 CET Nyrstar NV ("Nyrstar") today confirms that it has signed a two year extension to the USD 250 million committed working capital facility provided by Trafigura. Amit manged swift transition of direct taxation team from global locations to Mumbai. . , the zinc refiner said in a statement late Wednesday. Nyrstar is listed on Euronext Brussels under the symbol NYR. 1 and one of the global commodities trader’s main aims will be to make newly acquired zinc firm Nyrstar profitable, the chief financial officer said. Aug 2015 – Jul 2019 4 years Aug 03, 2016 · Knowsy Knoxville: Nyrstar's Immel Mine and Young M - Duration: 5:36. could affect the accuracy of the zinc producer’s financial reports, bringing fresh Dec 06, 2019 · Trafigura Group took control of Balen, Belgium-based Nyrstar’s operational assets in July as part of a deal to restructure its debt and stave off bankruptcy. Sep 28, 2019 · (Bloomberg) -- Nyrstar NV’s auditor has warned that incomplete disclosures relating to supply deals with Trafigura Group Ltd. 9 billion in capital to do so. Vice President Operations & Optimization Glencore. The Geneva- based trader has a 24. Nyrstar is a global multi-metals business, with a market leading position… Estimated: $72,000 - $100,000 a year Apr 15, 2019 · Trafigura Group set to take control of Nyrstar FILE PHOTO: The Trafigura logo is pictured at the company entrance in Geneva, Switzerland March 11, 2012. As previously announced, the restructuring completed on 31 July 2019 pursuant to which Trafigura became the holder of 98% of the outstanding shares in NN2 Newco Limited (and thereby the Nyrstar operating group), with the Company holding the remaining 2%. Victoria Dix, a Geneva-based spokeswoman for the company, declined to comment. The board is reviewing the offer, which will expire Nov. Shareholder structure. Documents related to the case, which include contracts between Nyrstar and Trafigura and an analysis by one of the shareholders, shed light on the complex relationship between the two companies. 6bn Nyrstar was on the brink of bankruptcy before Trafigura stepped in By Reuters · 12 October 2019 Copyop. Nyrstar is a mining and metals business, with market leading positions in zinc and lead, and growing positions in other base and precious metals May 29, 2020 · Nyrstar underwent a major restructuring last year to avoid bankruptcy, during which Trafigura stepped in to raise its stake in Nyrstar’s operations to 98%. 63 billion) in damages from global Nyrstar/Trafigura: zinc stink Premium. , 24. Nov 23, 2018 · Trafigura is a major shareholder in Nyrstar and the rescue package will allow the latter to improve its liquidity position. 1 million My acquaintance with Amit dates back to 2015 when I first met him in Trafigura. The Commission has concluded that the proposed acquisition of control of Nyrstar by Trafigura would not raise May 01, 2019 · Nyrstar, after discussions with its largest shareholder Trafigura – the global commodity trading company which has entered into a conditional restructuring arrangement that may lead to it becoming the majority owner of the Port Pirie smelter – has formally advised the State Government it will make a $42. May 2012 – Mar 2020 7 years 11 months. Oct 30, 2018 · UPDATE 2-Falling zinc price hammers Trafigura-backed Nyrstar in Q3. Trafigura expects another strong trading performance in its financial year that began on Oct. Dec 16, 2015 · Trafigura is one of the world’s leading independent commodity traders, specialising in oil, minerals and metals markets. Trafigura Group Pte Ltd becomes majority owner of Nyrstar’s operating business. Date NYRSTAR BHAS 99 97 NET WEIGHT - 706. For best results when printing this announcement, please click on link below: Regulated Information 10 November 2017 at 19. Nyrstar also announced a number of commercial supply agreements with Trafigura, the world’s second-largest metals trader and its main shareholder. Les « petits porteurs » soupçonnent Trafigura d'avoir mis Nyrstar en coupe réglée. used its influence at Nyrstar NV, one of the world's biggest zinc refiners, to undermine the company  31 Jul 2019 (“Trafigura”), a market leader in the global commodities industry, has today become the majority owner of the operating business of. Belgium's Financial Services and Markets Authority has opened a formal investigation into zinc group Nyrstar, now majority-owned by commodities trader Trafigura, an FSMA spokesman said, without 15 avr. 3 million payment this month. Apr 15, 2019 · Trafigura Group Ltd. Feb 05, 2015 · Trafigura has previously said it invested in Nyrstar in light of its positive view of the zinc market. 1 and one of the global Dec 11, 2019 · London — Trafigura expects another strong trading performance in its financial year that began on Oct. He pays great attention to details and his work is always reliable. It also has its roots in the Marc Rich empire. Such is accounting alchemy. Trafigura, a top metals trader, started building a stake in the company in 2014 and later Nov 06, 2019 · (Bloomberg) -- Trafigura Group Ltd. A spokesman for Nyrstar NV said the company was reviewing the development. May 29, 2020 · LONDON, May 29 (Reuters) - Belgium's Financial Services and Markets Authority (FSMA) has expanded an investigation it started in September into zinc group Nyrstar, which is now owned by commodities Nov 21, 2018 · Trafigura is closely entwined with Nyrstar -- it’s the biggest shareholder and has a key zinc supply deal with the company. Nyrstar has 6 smelters (in Australia, Belgium, France, Netherlands, and the United States) and 1 fumer in Norway. V. Trafigura plans, subject to the fulfilment of certain conditions including regulatory clearances, to subscribe for the stated amount of the rights issue separately announced by Nyrstar today. 3 Trafigura and Nyrstar are designated hereinafter as the 'Parties' and Trafigura as the 'Notifying Party'. Aug 01, 2019 · Trafigura is a global company “with a much stronger balance sheet than Nyrstar eventually had globally” and the takeover should give confidence to the Port Pirie community, Mr Lucas said. Aug 01, 2019 · Theres a new owner of Nyrstar and the company has outlined the future for Hobarts zinc works. THE PARTIES (2) Trafigura is one of the world’s leading independent commodity traders, specialising in the oil, minerals and metals markets. Trafigura Group and Nyrstar directors met the fury of a small group of shareholders at a marathon meeting on Tuesday, in which investors accused the commodities trader of unfair dealings that led to the downfall of Europe’s biggest zinc smelter. Apr 15, 2019 · April 15 (Reuters) - Belgian metals and mining company Nyrstar’s major shareholder Trafigura Group is set to take control of the company as part of a recapitalisation effort, Nyrstar said on Monday. The commodity trader has agreed to buy as much as $135 million (€125m) of shares in a first-quarter rights offer totalling $270m to $296m. All advertised positions will be based in Nyrstar’s new corporate office in Budel, near Eindhoven in the Netherlands. Nyrstar is one of the world’s largest zinc smelting companies with smelters across northern Europe, the United States and Australia. Jun 11, 2020 · Salmon highlighted a strong start for the group’s TFG marine bunkering business and the turnaround of the formerly near-bankrupt Nyrstar zinc smelting division, in which Trafigura increased its In good news for Port Pirie and SA taxpayers, the town’s smelter will resume production after operator Nyrstar was officially taken over by Trafigura — who guaranteed to pay off a $291m loan. Aug 01, 2019 · LONDON (ICIS)--Trafigura, the Swiss-headquartered commodities trader has taken full control of miner and sulphuric acid producer Nyrstar. Trafigura will provide further updates as appropriate. 1. 2,599 likes · 82 talking about this. We help make trade happen. Nyrstar/Trafigura: zinc stink Premium. That’s the view of Trafigura Chief Financial Officer Christophe Salmon as Nyrstar’s minority shareholders prepare to sue the commodity-trading giant. Accordingly, Mr. Fernandez stepped down as a Board member of Nyrstar. Aug 19, 2015 · Trafigura This company is a Dutch-based trader and mimics Glencore in many ways. Jun 03, 2020 · Trafigura declined to comment. HOBART zinc works owner Nyrstar has been taken over by major shareholder Trafigura. , Ltd. Nyrstar was on the “brink of bankruptcy” in late 2018, leaving the zinc producer with little option but to accept a controversial rescue package from Trafigura Group. After years of financial struggles, Nyrstar (OTC Pink:NYRSY,EBR:NYR) shareholders are allegedly pointing the blame at major stakeholder Trafigura Group. Le trader de matières  Nyrstar. In August 2019, Nyrstar’s operating business became majority owned by Trafigura, a market leader in the global commodities industry, providing a stable long term platform for its marketing leading operations worldwide. Nyrstar is the world’s second-biggest producer of refined zinc, which is used to rust proof steel. 1,379 U. 29 million). Le suisse Trafigura, le leader  2 août 2019 Un groupe d'actionnaires du spécialiste belge du zinc Nyrstar souhaite récupérer des centaines de millions d'euros de Trafigura, le négociant  Nyrstar's investor base primarily consists of institutional investors in the UK, the US, Belgium Urion Holdings (Malta) Ltd, a subsidiary of Trafigura B. Oct 12, 2019 · Minority shareholders in major zinc producer Nyrstar are seeking 1. Dec 11, 2019 · A further $73 million loss came from Nyrstar. Jun 11, 2020 · Nyrstar made a positive contribution of USD370 million to Trafigura’s gross profit and USD72 million on the Group’s EBITDA for the first time, showing the benefits of the turnaround plan being implemented since its consolidation within the Group last year. Nyrstar board grilled on Trafigura ties in 10-hour marathon meeting. Oct 07, 2019 · Nyrstar-Trafigura Zinc Concentrate Contracts Set at 25% of 2018 Major zinc smelter Nyrstar received zinc concentrate supply from Trafigura in 2018 with terms set at a quarter of that year's market Trafigura Beheer BV is a Dutch multinational commodity trading company founded in 1993 trading in base metals and energy, including oil. Apr 15, 2019 · Trafigura will provide up to $250 million of secured financing to Nyrstar in order to keep its operations afloat in the interim period, Trafigura said in a separate statement. shipments available for Trafigura Pte. This follows the implementation of the scheme of arrangement: reinstatement of financing facilities with Nyrstar’s financial creditors; completion of a new money facility; issuance of the … A spokeswoman for Trafigura, the second-biggest oil and metals trader, declined to comment. Volgens toezichthouder FSMA moet Nyrstar de beslissing ten minste drie maanden uitstellen, na de uitspraak van de handelsrechtbank van Antwerpen, in een zaak van Nov 07, 2017 · During June and July 2017 the Nyrstar Hobart Site undertook a 45 day Turnaround of its #6 Roaster and Acid Plant. Nyrstar was on the brink of bankruptcy before Trafigura stepped in LONDON: Minority shareholders in zinc producer Nyrstar are seeking 1. Nyrstar is a global multi-metals business, with a market leading position in zinc and lead, and growing positions in other base and precious metals, which are essential resources that are fuelling the Nyrstar has mining and smelting operations located in Europe, the Americas and Australia and employs approximately 4,300 people. 00 CEST Nyrstar NV ("Nyrstar" or the “Company”) today announces that further to discussions that it has been having with the Trafigura Group, a revised offer has been received for the Company’s 2% shareholding in the Nyrstar Group which was TRAFIGURA Group reported a 27 per cent gain in half-year net income as the commodities trading giant benefitted from supply and demand disruptions created by the coronavirus pandemic. nyrstar trafigura

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