Origo Partners, Trafigura Form JV Company In Mongolia
(RTTNews) - Origo Partners Plc (OPP.L: News ) Monday announced that it formed a joint venture firm Trafigura-Origo MGL in association with Trafigura Beheer B.V, to invest in coal and iron ore opportunities in Mongolia.
The tow companies stated that the joint venture firm will benefit from the combination of Origo's transactional, geological and technical expertise in Mongolia and Trafigura's global and Mongolian experience in commodities production, trading and logistics.
The firms further stated that the JV firm will be owned 50:50 by wholly-owned Mongolian subsidiaries of Trafigura and Origo respectively, and will invest in a number of already identified iron ore and coal exploration projects in Mongolia.
Click here to receive FREE breaking news email alerts for Origo Partners Plc and others in your portfolio
by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com
The tow companies stated that the joint venture firm will benefit from the combination of Origo's transactional, geological and technical expertise in Mongolia and Trafigura's global and Mongolian experience in commodities production, trading and logistics.
The firms further stated that the JV firm will be owned 50:50 by wholly-owned Mongolian subsidiaries of Trafigura and Origo respectively, and will invest in a number of already identified iron ore and coal exploration projects in Mongolia.
Click here to receive FREE breaking news email alerts for Origo Partners Plc and others in your portfolio
by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com
Comments
Post a Comment