Shalina Resources: The offtake impact

In securing a $600 million loan from Trafigura to finance its mining operations in the DRC, producer Shalina Resources is not only using secondary bank financing in a region which famously struggles to secure debt, but is also chipping away at many of the social issues associated with artisanal mining. Source: txfnews.com

Shalina Resources Ltd’s Key Deal with Trafigura Boosts Cobalt Hydroxide and Copper Cathode Supply Amid Rising Global Demand

Singapore, 18 January 2022 – Shalina Resources (“Shalina”) and MRR Mining SA (“MRR Mining”), a leading vertically integrated copper and cobalt producer in the Democratic Republic of the Congo (DRC), have concluded a financing and marketing transaction with Trafigura Pte. Ltd. (“Trafigura”), one of the world’s leading independent commodity trading companies, enabling new supplies of high grade […]

Cobalt production to 10,000 tons! MRR Mining challenges the hegemony of Glencore Cobalt Industry

DUBAI: A low-profile Dubai-based businessman has emerged as a key player in the race to secure global cobalt supplies to help power the electric vehicle revolution. Dubai-headquartered Shalina Resources, headed by Shiraz Virji, is staking its claim to the increasingly precious commodity found in the copper-rich soil of the Democratic Republic of Congo (DRC), Arab […]

Trafigura Cobalt marketing agreement press release

Ramsey and Lubumbashi, 4th April 2018 – Shalina Resources Ltd and its DRC subsidiary MRR Mining S.A.R.L (“MRR Mining”), acompany specializing in cobalt and copper exploration, mining and processing in the DRC, have today announced thesigning of a marketing agreement until December 2020 for cobalt hydroxide with Trafigura Group, the leadingcommodities trading firm. The marketing agreement covers […]