MATSA

Mubadala and Trafigura Group have completed the creation of a 50/50 joint-venture (JV) company to invest in the base metals mining sector, including copper and zinc.

Upon creating the new JV company, Mubadala, owned by the Government of Abu Dhabi, has now acquired a 50% share in Trafigura’s Minas de Aguas Teñidas (MATSA) mining operations.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The Agua Teñidas, Sotiel and Magdalena mines in southern Spain, which produce copper, zinc and lead concentrates, are owned by MATSA.

According to Trafigura, the new company will enable further expansion and investments in other base metal mining assets across the globe by exploiting the experience developed with MATSA.

Mubadala Technology and Industry CEO Ahmed Yahia Al Idrissi said: "MATSA has a strong competitive position and excellent expansion potential, with capacity expected to more than double over the next two years.

See Also:

"Investing in MATSA is a key step in growing and diversifying our existing metals and mining portfolio."

"Investing in MATSA is a key step in growing and diversifying our existing metals and mining portfolio."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

When the announcement was made in June, Trafigura said that a two-year investment and expansion plan by the company for MATSA is nearing completion.

The plan included establishment of a new treatment plant, which has doubled processing capacity for 4.4Mt a year.

The JV will see the continuation of day-to-day operations at MATSA normally, including existing terms and conditions for employees, contractors and suppliers.

Image: MATSA owns the Agua Teñidas, Sotiel and Magdalena mines in southern Spain. Photo: © Mubadala Development Company PJSC.