News
17 June 2016

Trafigura Profit Boosted by Angola Buying Dormant Iron Ore Mine

Trafigura Group's first-half profits were buoyed by the sale of a dormant iron ore mine to the Angolan government for $265 million. The sale allowed the Singapore-based trader to avoid a 50% drop in net income, and reversed the $243.6 million impairment the trader took on the mine last...

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