Press Release
Trafigura Beheer B.V. joins globalCOAL
LONDON AND SINGAPORE - 15 June 2009
globalCOAL announced today that Switzerland-based Trafigura Beheer B.V. has joined the globalCOAL trading platform as a Market Member.
Trafigura is an independent commodity trading outfit based in Lucerne, Switzerland. The company is the world's third largest independent oil trader and the second largest independent trader in the non-ferrous concentrates market, with access to approximately US$17 billion in credit facilities and investments in industrial assets around the world of more than US$1 billion.
"Trafigura is a major player in the energy markets with solid experience in physical trading," said Eoghan Cunningham, Chief Executive Officer of globalCOAL. "It is heartening to see such a well-established trading house show interest in the coal market, and a good indicator of how far the market has developed in terms of standardisation and the trading opportunities it affords."
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