Trafigura Corporate Brochure en 141218011728 Conversion Gate01

ENG LIS H
ADVANCING
TRADE
TRAFIGURA GROUP CORPORATE BROCHURE
ADVANCING
TRADE
BUSINESS HIGHLIGHTS*
$127.6bn 169.5mmt $39.6bn

**
Group revenue
Combined volume
of commodities traded
Total assets
74%
120.4mmt $46.2bn+
Oil and Petroleum Products revenue

as a percentage of Group income
Oil and Petroleum Products

total volume traded
Financial lines available to Trafigura
26%
11.3mmt
2,350+
Metals and Minerals revenue

as a percentage of Group income
Metals total volume traded
Shipping and chartering

fixtures per year
37.8mmt
5,326
Minerals total volume traded
Average number of employees

over the year
Trafigura Beheer B.V. and the companies in which it directly or indirectly owns investments are separate and distinct entities.
In this publication, the collective expressions Trafigura, Trafigura Group, the Company and the Group may be used for
convenience where reference is made in general to those companies. Likewise, the words we, us, our and ourselves
are used in some places to refer to the companies of the Trafigura Group in general. These expressions are also used
where no useful purpose is served by identifying any particular company or companies.
* Trafiguras financial year runs from 1October, 2013 to 30September, 2014.

** Million metric tonnes.
OV E RV I E W
ADVANCING TRADE
CONTENTS
Trafigura is one of the worlds

leading independent commodity
trading and logistics houses.
Overview
02 How were advancing trade
around the world
06 Trafigura at a glance
08 Trafiguras global network
10 Business model and structure
Every day, around the world,

Trafigura is advancing trade.
We are developing markets,
investing in infrastructure, building
connections and cementing alliances.
We see global trade as a positive
force and we go further to make
trade work better.
Performance capabilities
12 Oil and Petroleum Products Trading
16 Metals and Minerals Trading
18 Shipping and Chartering
20 PumaEnergy
22 Developing markets in Papua New Guinea
24 DTGroup
26 Impala Terminals
28 Accessing markets through Porto Sudeste
30 Mining Group
32 Galena Asset Management
Corporate responsibility
34 Sustaining trade
38 Trafigura Foundation
Whether youre a producer or an

end-user, our focus, commitment
and global resources can get you
closer to your markets.
These pages set out what we
do and how we add value.
TRAFIGURA CORPORATE BROCHURE01
OVERVIEW
HOW WERE
ADVANCING TRADE
AROUND THE
WORLD
Trafigura helps make trade happen.
We move physical commodities from where
they are plentiful to where they are most
needed reliably, efficiently and responsibly.
We are one of the worlds leading trading firms.

We have built a global business on
service and performance.
02TRAFIGURA CORPORATE BROCHURE
OV E RV I E W
Advancing trade
GLOBALLY
AND AT SCALE
Singapore
In volume and across the world at the heart

of the global economy.
Trafigura is active in 36 countries on six continents. Our global network
supports our trading activities. Each of our offices has access to the
knowledge, resources and support of the Trafigura Group. Customers
for oil and petroleum products include electric utilities, refiners, majors
and National Oil Companies. Metal and minerals customers range
from mining companies to smelters, refined metals retailers and
industrial manufacturers.
Malaysia
Advancing trade with
EXCELLENT ENDTO-END SERVICES

Aligning our resources with your priorities.
Trafigura is privately owned and fully independent. We relish that status.
It means we stay focused on what our customers want.
Our services add value at every stage of the supply chain. We access
hard-to-reach locations and offer technical advice and financial support.
We build infrastructure and devise logistics to streamline and simplify
transportation. We operate at scale through state-of-the-art terminals.
We deliver on time, on-spec commodities wherever they are needed.
OVERVIEW
Advancing trade by
INVESTING IN
INFRASTRUCTURE
Brazil
Strategically located infrastructure that gets you closer

to global markets.
We invest in ports, terminals and logistics to enhance our physical
trading activities. We build warehouses and storage facilities, operate
truck and barge fleets, buy ships and develop mines whatever it takes
to help trade flow. Impala Terminals ports and terminals enable the
transportation of US coal down the Mississippi, oil exports from
Colombia, concentrates exports from Mexico and Peru, and iron ore
out of Brazil. Our midstream and downstream investment, PumaEnergy,
manages storage, import terminals and distribution on five continents.
Singapore
Advancing trade with
FINANCIAL
STRENGTH AND
RESILIENCE
A trading partner you can rely on, even in the
toughest times.
Trafigura raises funds in the US, Europe and Asia-Pacific, and has
lending arrangements in place with over 130 banks. Our strong balance
sheet generates economies of scale, supports infrastructure investment
and allows us to finance production. Our prudent approach to risk
management unlocks access in volatile markets.
OV E RV I E W
Advancing trade
BY IMPROVING
COMPETITIVENESS
China
Reducing trading costs and extending service.

In its early years, Trafigura was one of a few trading firms that
challenged the traditional dominance of big institutions in commodity
markets. In the process, we helped to redefine the way commodities
were traded.
Today, we are an agile, responsive business operating in fluid,
fast-changing markets.
Our continued success depends on consistently delivering
leading-edge services. We develop trade routes and product categories.
We improve logistics. We introduce new counterparties and strengthen
connections between suppliers and end-users. We continually innovate
to make markets more efficient.
Democratic Republic of Congo
Advancing trade
SUSTAINABLY
Long-term partnership built on firm foundations.
Trust is imperative in any long-term relationship and it has to be earned.
We work closely with host governments, project partners and
local communities to generate lasting shared value.
We put down roots wherever we operate. We work closely with
local communities to gain their confidence and earn their trust. This is
the right way to do business; and it makes sense from a commercial
perspective, because we rely on local knowledge.
We subscribe to the latest international health, safety, environmental
and social standards. We are constantly developing best practice as
a source of competitive advantage.
OVERVIEW
TRAFIGURA
AT A GLANCE
Trafiguras core business is physical

trading and logistics; our assets
and investments complement and
enhance these activities. Trafigura
is managed through a global network
of companies with central hubs and
regional offices.
REGIONAL INFORMATION
AFRICA
Impala Terminals is one of Africas
leading logistics specialists for
non-ferrous concentrates and
refined metals
MIDDLE EAST
9%
12
827
Offices
Employees
EUROPE
4.4mmt
Projected volumes
processed in 2015 at
MATSA mine, Spain
12
1,306
Offices
Employees
Proportion of oil and petroleum

products revenue attributable
to region
24
Offices
Employees
TRADING ACTIVITIES

Metals and Minerals
Shipping and Chartering*
We are one of the worlds largest traders by

volume of oil and petroleum products. We operate
in a fragmented market where no single company
has a leading position. Trafigura is one of the few oil
and petroleum products traders with global presence
and comprehensive coverage of all major markets.
Supported by offices worldwide, our Oil and Petroleum
Products division operates from regional offices
in Beijing, Calgary, Geneva, Houston, Johannesburg,
Montevideo, Moscow, Mumbai and Singapore.
We are one of the worlds largest metals and

minerals traders. Supported by offices worldwide,
our Metals and Minerals division operates from
regional offices in Geneva, Johannesburg, Lima,
Mexico City, Montevideo, Mumbai, Shanghai,
Singapore and Stamford. We negotiate off-take
agreements with miners and smelters and invest
in logistics to improve market access for our clients.
Our Shipping and Chartering desk is closely

integrated into Trafiguras business model,
providing freight services to the commodity
trading teams internally and trading freight
externally for third parties.
120.4mmt
49.1mmt
2,350+

volume traded
Metals and Minerals volume traded
* Financials relevant to Shipping and Chartering are consolidated within Oil and Petroleum Products/Metals and Minerals trading activities.
Operations are based in regional offices

in Athens, Geneva, Houston, Montevideo
and Singapore. All post-fixture operations
are managed from our Athens office.
Shipping and Chartering fixtures
OV E RV I E W
30
60
60
20
30
30
10
2014
2010
2011
2012
2013
2014
21.9
15.7
4.4
11.3
2013
11.0
2012
11.1
2011
11.0
2010
8.7
23.7
90
120.4
90
117.8
40
102.8
120
110.7
120
96.4
50
127.6
150
133.0
150
120.4
Metals and Minerals

volume traded (mmt)
121.6

volume traded (mmt)
79.2
Group revenue
(USD billion)
37.8
DIVISIONAL PERFORMANCE
2010
2011
2012
2013
2014
Metals Minerals
LATIN AMERICA
150,000
Annual truckloads of
concentrates replaced
by conveyor belt in
Callao, Peru
20
1,995
Offices
Employees
ASIA & AUSTRALIA
1-24 tonnes
NORTH AMERICA
100,000 bbls
Daily crude oil throughput
from Rio Bravo, Texas pipeline
348
Offices
Employees
Standard lot size on Lykos

online platform for metal
procurement in India
13
826
Offices
Employees
INDUSTRIAL AND FINANCIAL ASSETS

PumaEnergy**
DTGroup
Impala Terminals
Mining Group
Galena Asset Management
Storage capacity: 5.6m m3

Throughput volumes:
19.9m m3
Service stations: 1,800+
Countries of operation: 5
Owned vessels: 4
Total assets: USD2.9bn
Countries of operation: 20+

Terminals: 25+
Storage capacity: 1.3m m2+
Ore extracted at
MATSA: 2.3mmt
Ore extracted at
Catalina Huanca: 0.6mmt
Liquid trading strategies:

USD1.7bn+
Credit strategy:
USD104m+
Real asset strategy:
USD407m+
48.8%
50%
100%
100%
$2.2bn
7,000+
200
1,624
1,269
11
ownership
employees***
ownership
employees
ownership
employees
ownership
employees
Total funds under management,

including managed accounts
years in operation
* * Effective 16September, 2013, Trafigura held 48.79% in PumaEnergy. PumaEnergy was deconsolidated at the end of the 2013 financial year at which point Trafigura ceased to control PumaEnergy.
*** All non-PumaEnergy employee numbers represent average annual totals.
OVERVIEW
TRAFIGURAS
GLOBAL NETWORK
With 65 offices in 36 countries, Trafiguras network extends to every corner of the globe.
Our international, end-to-end services connect producers and consumers worldwide.
This spread highlights some achievements in 2014.
CALGARY
GENEVA
TRAFIGURA AG, US
Trafigura successfully sells 80 percent
of its share of an oil storage terminal
network in Corpus Christi, US, for
USD860 million. Trafigura retains
a 20 percent stake and long-term
commercial rights to use the
terminal, whilst freeing up capital for
reinvestment in other business activities.
STAMFORD
HOUSTON
MEXICO CITY
IMPALA TERMINALS, COLOMBIA
1.5mmt
Impala Terminals builds

Barrancabermeja river-port as part
of its multimodal logistics and
infrastructure project along the
Magdalena River. It will have the
capacity to handle 1.5 million
tonnes of cargo a year.
MATSA, SPAIN
Trafiguras Mining Group inaugurates the new
Magdalena mine. Lying just 8 kilometres from our
existing MATSA asset, the mine represents the
first significant metals find in Spain for decades.
The EUR300 million expansion plan is nearing
completion, including a new treatment plant
that will almost double production from
2.3 to 4.4 million tonnes during 2015.
LIMA
IMPALA TERMINALS, BRAZIL

Impala Terminals and Mubadala Development
Company jointly purchase a majority stake
of Porto Sudeste near Rio de Janeiro. The iron
ore terminal represents the Group's largest
construction project to date and will have the
capacity to handle 50 million tonnes (mmt)
a year, with the potential to upscale to 100mmt
in the future.
More on page 28
MONTEVIDEO
IMPALA TERMINALS, PERU

Impala Terminals inaugurates Perus most
modern mineral concentrates terminal in Callao
after a total investment of USD80 million in the
first stage of an expansion project. A 500 percent
improvement in productivity at the terminal is
expected as a result of the investment.
OV E RV I E W
KEY
l Oil and Petroleum Products

l Metals and Minerals
l Other Trafigura offices
TRAFIGURA, CHINA
Trafigura agrees to acquire a 30 percent equity stake in
the Jinchuan Groups newly established copper smelter
in Fangchengang, Peoples Republic of China.
MOSCOW
GALENA, SWITZERLAND
$400m
Galena Asset Management announces the

close of its first Private Equity Resources Fund
with USD400 million of total committed and
invested assets. The fund will invest in smalland medium-sized metals and mining companies,
which are in an expansion phase.
BEIJING
SHANGHAI
TRAFIGURA, JAPAN
$250m
MUMBAI
Trafigura raises JPY25.5 billion

(USD250 million) through its
first significant long-term Yendenominated loan. This was
backed by nine Japanese banks.
SINGAPORE
JOHANNESBURG
TRAFIGURA, SINGAPORE
Trafigura raises SGD200 million through
its first Singapore Dollar perpetual
subordinated bond. The bond was priced
at 7.5 percent and listed on the Singapore
Stock Exchange, drawing strong support from
Singapore-based private banks and funds.
PUMA ENERGY, PAPUA NEW GUINEA

PumaEnergy acquires InterOils midstream and
downstream assets for USD525 million in a significant
expansion into Papua New Guinea, making PumaEnergy
one of the countrys main fuel suppliers.
More on page 22
BUSINESS MODEL AND STRUCTURE
OUR BUSINESS MODEL
CREATES VALUE...
Our vision is of an increasingly interconnected and prosperous world in which

commodities pass seamlessly from their points of origin to points of need.
WHAT WE DO
We connect producers and end-users of commodities by performing transformations in space, time and form. We use our market knowledge,
logistics and infrastructure to move physical commodities from places where they are abundant to where they are in demand.
Transformations in space, time and form
SOURCE
STORE
BLEND
DELIVER
We negotiate off-take agreements

with oil producers, refiners, mining
companies and smelters. We invest
in logistics that improve market
access for our suppliers.
We store petroleum products at

PumaEnergy and other third-partyowned tankage. We store metals and
minerals at Impala Terminals and
third-party-owned facilities.
We blend physical commodities

to regional, market and customer
specifications in strategically located
terminals and warehouses
around the world.
We operate efficient, safe and

high-quality logistics. We move
commodities by barge, truck, rail,
pipeline and vessel in support
of our core trading activities
and for third parties.
ADVANCING TRADE: HOW WE CREATE VALUE

BY ACCESSING MARKETS
We focus energy and resources on activities that make trade work
better. We continually invest in high-quality infrastructure. We build
innovative, end-to-end services to bridge the gap between buyers and
sellers more effectively.
BY SERVICING MARKETS
Trafiguras services add value at every stage of the supply chain.
We offer technical advice and financial support. We build infrastructure
and devise logistics to streamline and simplify transportation for
our clients.
BY DEVELOPING MARKETS
We contribute to the global economy by finding new ways to trade.
We identify and act on arbitrage opportunities. We bring in new
counterparties, and develop product categories and trading routes.
Our activities help to create more efficient markets, reducing long-term
costs for participants.
BY SUSTAINING MARKETS
Responsible trade drives economic and social progress. We aim to
conduct our activities so as to benefit communities where we operate.
BY MAKING THE CASE FOR GLOBAL TRADE

As a specialist independent trading house, Trafigura is well placed to
take on an advocacy role. We communicate the economic and social
benefits of global trade generally and, more specifically, the positive
role that Trafigura plays.
OV E RV I E W
...OUR STRUCTURE
DELIVERS IT
Trafiguras core business is physical trading and logistics. Our assets and investments
complement and enhance this activity. The chart below graphically represents the
centrality of trading to our approach.
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Strategic investments in storage and logistics capabilities

create arbitrage opportunities. As firm believers in the
benefits of local rather than central control,
we structure these investments as
standalone businesses.*
* T he size of each segment is not indicative

of percentage of ownership or contribution to
Trafiguras bottom line.
** Galena Asset Managements teams operate wholly
independently of Trafigura, but benefit from the Groups
insights into global supply and demand.
*** PumaEnergy is a separate company to Trafigura,
48.79 percent of its share capital is owned by Trafigura.
PERFORMANCE CAPABILITIES
OIL AND PETROLEUM

PRODUCTS TRADING
Trafigura is one of the worlds largest independent traders by volume of oil

and petroleum products, handling 2.5 million barrels a day. It is one of the
few independent energy traders with a global presence and comprehensive
product coverage as well as extensive logistical and storage capabilities
around the world.
Global trading teams are based in Geneva, Houston, Montevideo

and Singapore and are supported by offices in Beijing, Calgary,
Johannesburg, Moscow and Mumbai.
74%
Contribution to global revenue
120.4mmt
Total volume traded
Oil and Petroleum Products total volume traded (mmt)

150
120
90
60
110.7
102.8
117.8
120.4
96.4
30
2010
2011
2012
2013
2014
SERVICE AND PERFORMANCE

The US shale oil and gas revolution has had far-reaching effects across
the energy spectrum. After years of shortages, todays world is well
supplied with oil, and has more than enough refining capacity to meet
global demand. Trafigura has the inherent strengths and the agility to
respond effectively to these new market realities.
As a global trading house we have a detailed overview of macro
and micro trends. As physical traders, we gain first-hand experience of
economic fundamentals as they play out on the ground.
Our emphasis on service and performance resonates
with customers.
We invest in world-class assets and logistics to streamline and
simplify physical delivery. Our trading desks work together on their
customers behalf. They are constantly looking for new ways to
enhance service levels.
CRUDE
In the crude oil market, we use our global presence, market knowledge
and logistics capabilities to balance supply and demand, optimise
supply chains and service the needs of our customers around the world.
We operate primarily as physical traders. We source oil from a
variety of counterparties including public production companies, oil
majors and National Oil Companies. We also provide distribution solutions
for producers, and assist refineries by supplying tailored shipments and
specialist financing.
Trafiguras crude team has built strong technical capabilities. This,
combined with our deep understanding of physical flows, allows us to
identify complex technical issues and respond rapidly to changing
market dynamics for non-standard crude oil opportunities.
We have continued to expand our US footprint. In addition to our
long-standing blending hub in St James, we now utilise our logisticsbased offering in Texas. This includes exclusive access to throughput
from the Rio Bravo pipeline and the Corpus Christi terminal.
These activities underpin a growing US domestic lease business.
We deal on a regular basis with well over 50 local producers and have
scope to continue to expand.
Globally, we store and transport in excess of a million of barrels of
crude oil per day. We have a thriving business in Africa encompassing
both significant exports and imports. In Asia, our volumes continue to
grow and we are an active participant in both sweet and sour grade
trading. This business is expected to expand as we continue to grow our
assets in the region.
In Europe, we control tankage at strategic locations and supplement
this with short- and long-term leases. We have access to long-term
supplies of tradable oil streams and use this to further expand our
relationships with regional refiners.
GASOLINE
The gasoline team manages one of the worlds largest seaborne
gasoline books. We also have extensive, strategically-located tankage.
It is a combination that allows us to deliver great service and
optimal performance.
We source, store, blend and deliver cost-effective gasoline solutions to
customers worldwide. Within the gasoline trading team, we have an
active market presence in aromatics, primarily as a blending component.
P E R F O R M A N C E C A PA B I L I T I E S
Corpus Christi oil storage facility, Texas, US.
We have built up key relationships in every core trading region of the

world, including National Oil Companies, major refiners, and numerous
downstream partners.
The majority of our customers are long-term partners. Many choose
to renew and expand their business, based on our solid performance,
bespoke customer service and fair pricing.
We operate major blending hubs on the Gulf Coast, in the
Mediterranean and in Singapore, and lease tankage globally. We have a
considerable ocean-bound charter fleet and are active in the pipeline
trade. These assets give us the capacity to respond to our customers
with considerable flexibility.
FUEL OIL
Our fuel oil trading team combines global presence, market knowledge
and efficient logistics to connect producers and end-users.
Our teams deploy interlocking skills. Origination teams on the
ground develop relationships with power generators and bunker fuel
traders. Traders monitor macro-economic and market-led patterns
and trends. Analysts assess potential blending strategies.
We optimise flows and blends to reflect changing patterns
of demand. Currently, around 47 percent of global fuel oil supply is
used in bunkers, 30 percent in power generation and the remainder for
refinery feedstocks.
We focus on aligning our blends with specific pockets of demand.
We serve the main fuel centres of Singapore, Dubai and Rotterdam.
We also have long-term supply contracts to Caribbean countries and
are West Africas biggest bunker fuel supplier.
Regulatory changes are driving a general move towards lowsulphur grades and we are increasing the low-sulphur portion of our
portfolio in line with global trends.
MIDDLE DISTILLATES
Our mid-distillates trading operation covers jet fuel, diesel and gas oil.
Our teams lease storage globally and use tankage to blend products to
local specifications and premium-priced fuels. We trade the full range
of distillates, from low to high sulphur.
Our well integrated teams are able to shift trading style and focus
in line with changing market conditions. Key to our success is the ability
to coordinate activities globally and to interact with other parts of the
Group to bring customers integrated solutions. We liaise closely with
other trading desks and work alongside our biodiesel traders to deliver
blends that meet bespoke criteria.
We spot-charter and time-charter a wide range of tonnage through
our Shipping and Chartering desk. In order to achieve greater physical
arbitrage, we charter large tankers. Our teams lease floating storage
vessels to provide prompt supply for customers with limited storage.
NAPHTHA
The abundance of shale gas is generating large stocks of naphtha in the
US; much of it is exported. We are one of the worlds most active
naphtha traders and one of the few with access to a US export facility
in Corpus Christi, Texas.
We are developing trade flows to the Far East, South America and
Europe. We source, store and blend all the most actively demanded
products and grades. Our naphtha teams operate in Singapore, Geneva
and Houston with regional offices managing origination and business
development. We work with colleagues in Dubai, Montevideo, Puerto
Rico and West Africa.
We focus on building long-term relationships and make a point of
working with our customers to meet their changing needs. Our product
coverage allows us to take advantage of naphthas high substitutability.
We monitor relative pricing and shifting demand patterns from
petrochemical companies. Close working relationships with our gasoline
traders and the LPG desk allow us to assess relative pricing for different
products and grades.
CONDENSATES
Trafigura is a leading international condensates trader. The desk
sources both clean and dirty condensate from oil and gas producers
and has term off-take agreements in Africa, the Far East, the Middle East,
Russia, the former Soviet Union and South America. It uses terminals
for blending and building or breaking bulk in the Arabian Gulf, the Baltic
region, and the Far East.
We are creating new markets for condensates. Some of our
customers previously had no use for this versatile product, but we are
finding applications at units such as refineries, splitters, petrochemical
plants and power generation facilities.
US legislation to allow the export of condensates is currently
under review. We are maintaining optionality for the business. We
retained rights to output from the EF90 condensate splitter as part of
the sale of our majority stake in the Corpus Christi terminal in Texas.
We have joined forces with Magellan Midstream Partners to build a
50,000 barrel a day condensate splitter at Corpus Christi. This facility is
scheduled to open in 2015.
LIQUEFIED PETROLEUM GAS (LPG)
The LPG market is evolving rapidly; we are growing our geographic
reach and market share. We trade propane, butane, isobutane and
some mixed LPG. Trading volumes will increase further in 2015 when
the LPG export terminal at Corpus Christi in Texas becomes fully
operational, as Trafigura retains commercial rights to its output.
The US is consolidating its position as the worlds biggest LPG
exporter. Our traders link major production areas in the US Gulf, the
Middle East, Africa, the North Sea and the Mediterranean with demand
from Asia, Northwest Europe, Latin America and the Caribbean.
A strong logistical system supports our trading activities. Effective
vessel rotations and higher trading volumes allow us to respond quickly
to changes in the market and in our clients requirements.
We supply territories where bottled gas is popular and are
especially active in West Africa and Latin America. We lease tankage at
strategic locations and supply PumaEnergys LPG terminals throughout
the world. We work closely with dedicated LPG chartering specialists
and oversee a wide range of tonnage everything from small
pressurised or semi-refrigerated tankers to Panamax Gas Carriers and
Very Large Gas Carriers (VLGCs).
Oil vessel, Cape Town, South Africa.
We invest in world-class assets and

logistics to streamline and simplify
physical delivery. Our trading desks
work together on their customers
behalf. They are constantly looking
for new ways to enhance service levels.
LIQUEFIED NATURAL GAS (LNG)
Trafigura is the worlds leading independent trader in one of the
fastest growing energy markets. The LNG team is based in Geneva,
and supported worldwide. It works closely with the LPG, natural
gas and coal desks.
LNGs complex logistics require substantial capital expenditure
from market participants, setting high barriers to entry for producers,
end-users and shippers.
In the past, this has also obliged industry players to commit to
long-term contracts. Now, as infrastructure is put in place, the spot
market is becoming more active and freely traded volumes are growing.
We expect the LNG markets to reach a tipping point during this decade
and are acting now to be sure we are ready.
We have the marketing expertise, the financial strength, the
geographic coverage and the understanding of product flows required
to succeed in these markets.
BIODIESEL
We are committed to promoting biodiesel as a sustainable alternative
to fossil fuel-based diesel and are active on all the major international
trade routes. Our biodiesel desk manages a significant proportion of
the traded volumes in this complex market.
Knowledge of the different regulatory systems, feedstock prices
and quality parameters around the globe is key to successful trading.
We track interactions between agricultural commodities, energy
markets and regulatory authorities across the world.
The biodiesel desk is fully integrated within our global distillates
team. We source supplies globally, both directly from agribusinesses
and through the professional markets. We have built strategic
partnerships with producers in the Americas, Europe and Asia.
We have the ability to blend, store and transport biodiesel
anywhere in the world, wherever there is an economic or mandated
requirement. Our customers include oil majors, refineries and
downstream suppliers.
Corpus Christi oil storage facility, Texas, US.
METALS AND
MINERALS TRADING
Trafigura is one of the worlds largest metals and mineral traders.

We are building global connectivity between miners, smelters,
and refined metal fabricators: benefiting from economies of scale.
Our global trading teams are based in Geneva, Montevideo,

Singapore and Stamford and are supported by offices in
Johannesburg, Lima, Mexico City, Mumbai and Shanghai.
26%
Contribution to global revenue
49.1mmt
Total volume traded
Metals and Minerals total volume traded (mmt)

50
40
30
37.8
21.9
23.7
11.0
11.1
11.0
11.3
8.7
10
4.4
15.7
20
2010
2011
2012
2013
2014
Metals* Minerals*
* Metals include non-ferrous metal concentrates and refined metals.

Minerals include coal, iron ore and others.
STREAMLINED SUPPLY CHAINS AND ECONOMIES OF SCALE

We are constantly looking for better ways to connect producers with
end-users. In todays well-supplied markets our competitive advantage
stems from our ability to deliver cost-effectively right across the globe.
We are scaling up our business wherever we can. We are benefiting
from increasing economies of scale as our traded volumes grow. We
participate in off-take agreements and develop downstream outlets
that underpin volume growth. We form strategic alliances and invest in
infrastructure that streamlines and simplifies supply chains. We are
investing for the long term.
CONCENTRATES AND ORES
Trafigura is a market leader in copper, lead and zinc concentrate trading,
and a leading alumina trader. We source copper, lead and zinc from
resource-rich areas in Africa, Australia, Canada, China, Europe,
Indonesia, South America and the US. Our alumina comes from
refineries in Australia, Brazil, China and India.
We work closely with our partners to develop long-term relationships
and to guarantee consistent, high-quality supplies. We offer financial
assistance to miners through off-take agreements and strategic alliances.
The Trafigura Mining Group provides technical support, including
geological surveys and drilling consultancy services. On the demand
side, we are focusing on long-term partnerships with smelters and
refineries to create a more coherent supply chain for our customers.
Through Impala Terminals, we invest in first-class logistics and
infrastructure we facilitate the safe, prompt passage of product
to market. We combine our warehousing, blending and transport
capabilities to aggregate base tonnage, to align to specific requirements
and to transport to Western Europe, China, Southeast Asia and Japan.
Bowie Resource Partners, Dugout Canyon Mine, US.
REFINED METALS
Trafigura is a world-leading participant in the global refined metals
market. We trade copper, aluminium, zinc, lead, tin and nickel. We are
developing a new line of business in precious metals.
We mainly trade London Metals Exchange (LME)-grade metals
in their refined form, such as cast copper rod and aluminium billet.
The refined metals and the concentrate teams collaborate closely,
using a variety of tools to facilitate trading, including structured finance
and tolling models.
Unlike many other Western metal traders, we operate in China
through a domestic trading subsidiary. Today, around 40 percent
of total refined metals demand is within China. Our domestic sales
teams sell directly to end-users. In India, we also sell to small and
medium-sized manufacturers through Lykos, our online refined metals
procurement platform.
We maintain a global presence, offering our trading services in the
major hubs. Our knowledge on the ground allows us to source metals
swiftly and cost-effectively worldwide. Being active globally allows us
to match supply with demand efficiently.
COAL
We have steadily built up traded volumes in recent years to become a
top-three coal trading company. Our focus is on developing incisive
trading solutions via efficient delivery methods. As volumes have
increased so too have our economies of scale, increasing our ability to
take advantage of global arbitrage.
We apply these approaches across a full range of thermal coal
qualities in all the major points of origin and across all the major global
sales markets. Beyond pure trading, we have access to trade flows
through our strategic alliance with Bowie Resource Partners and in our
logistics positions on the Mississippi, in Indonesia and in China.
The Galena Asset Management Private Equity Resource Funds
joint venture ownership of Bowie Resource Partners provides access to
14 million tonnes annually of consistent quality coal from four mines in
Colorado and Utah. With Impala Terminals Burnside facility on the

Mississippi now fully operational, we have ready access to a 15 million
tonne capacity terminal, which consolidates our logistics position and
ability to source, optimise, and market the full range of coal qualities in
the region. In China, our domestic subsidiary, Transcoal, adds an extra
dimension to our trading, with scope for over 3 million tonnes annually
of both domestic and international coal sales into challenging markets
along the Yangtze River.
In Indonesia, we have developed two sub-bituminous thermal
coal brands, TEK and TSK. Based on close management of a complex
supply chain, these coal products present our customers in Asias
fast-growing power generation sector with reliable deliveries and
consistent quality.
In South Sumatra, we have recently invested, together with our
partner Titan, in the construction of a road and a port that will link the
Muara Esim mining area to the Musi river. When this project is completed,
it will enable the export of 12 million tonnes of coal.
IRON ORE
We trade the whole spectrum of iron ore products and grades,
including fine, low-grade and high-grade lump. Our origination teams
operate in all the main exporting countries.
We use our extensive international network to connect specific
buyers with particular grades of stock. We deal with the major
producers in key exporting countries such as Australia and Brazil as
well as smaller mining concerns in India, South Africa, Mexico and
Chile. In China, our sales teams have built up strong contacts with mills
and local trading houses.
Impala Terminals global network provides our business with an
important competitive advantage. In particular, its joint ownership
with Mubadala Development Company of the 50 million tonne capacity
Porto Sudeste Terminal is connecting Brazils iron ore miners with
international markets.
SHIPPING AND
CHARTERING
Trafigura Maritime Logistics provides freight services to Trafiguras
various commodity trading teams and third-party clients.
Shipping and chartering operations are managed out of

Trafiguras key regional offices. All post-fixture operations,
which include issuing voyage orders, completing stowage plans,
negotiating with port agents and handling demurrage claims are
managed centrally from our Athens office.
2,350+
Shipping and Chartering fixtures per year

2014 Wet and Dry Freight Activity
Tonnage shipped
Number of fixtures
Average time-charter fleet
Wet
60mmt(1)
1,600
35-40(3)
Dry
33mmt(2)
754
40(3)
Includes both internal and external usage as well as tonnes Re-Let to other owners/operators.
Includes 21mmt external customer tonnage.
(3)
A vessel on hire for longer than 3 months.
(1)
(2)
Trafiguras trading and freight

activities also combine to extend
Trafiguras service to customers.
Our clients can elect to buy
commodities and freight together,
on CIF (Cost, Insurance and Freight)
instead of FOB (Free On Board) terms.
COLLABORATING WITH TRADING TEAMS

Trafiguras commodity trading teams work closely with our freight
desks. Our commodity traders rely on real-time freight pricing to
structure physical arbitrage opportunities.
Our freight specialists quote fixed freight prices and use their
market knowledge to maintain open and hedged positions.
Commodities traders use freight pricing to fix delivery costs and price
transactions accurately.
Our freight professionals maintain a continuing dialogue with the
various trading desks. Knowledge of traders requirements helps to
shape freight trading strategy and capacity planning.
Trafiguras trading and freight activities also combine to extend
Trafiguras service to customers. Our clients can elect to buy commodities
and freight together, on CIF (Cost, Insurance and Freight) instead of
FOB (Free On Board) terms.
CHARTERING AND DERIVATIVES MARKETS
Our freight trading teams time-charter vessels and negotiate spot
fixings, as required, to manage Trafiguras physical freight positions. They
also trade physical freight with external clients and are highly active in
the derivatives market.
WET AND GAS FREIGHT
We charter a range of tanker tonnage to meet our physical delivery
requirements for the worldwide transportation of oil and petroleum
products.
Our wet freight desks deal in all vessel sizes, from 2,000 to
300,000 dead-weight-tonne (DWT) tankers. The vessels trade in every
market segment, including crude, clean, dirty, LNG and LPG.
We fix vessels on spot voyages, utilise COAs (Contracts Of
Affreightments) and run a portfolio of time-charter ships with period
commitments spanning 30 days to three years. We work closely with
Puma Energy, especially in Africa and Latin America, to manage
delivery schedules and optimise fleet utilisation. The wet freight desk
trades ships around the world-fixing both external and internal cargoes,
aiming always to maximise the inherent value of the trading platform.
VESSEL SCREENING POLICY

As a trading company that regularly buys and sells cargo from and to oil
majors, we make sure we meet their rigorous standards for shipping
and freight. Every vessel we charter must have earned at least two oil
major approvals using the Oil Companies International Marine Forum
(OCIMF) Ship Inspection Report (SIRE) Programme within the previous
six-month period.
DRY FREIGHT
Around 35 percent of Trafiguras annual shipped tonnage is in dry bulk
commodities such as coal, iron ore and mineral concentrates.
These cargoes are shipped using a combination of time-charter and
voyage-charter. We control on average 40 ships on time-charter and
50 ships on voyage-charter at any one time. Our freight exposure is actively
managed using a portfolio of physical and derivative freight positions.
We are active in the FFA market and trade bunker swaps to minimise
our risk and exposure to large fluctuations in the freight market.
Internally, we act as a service centre to the Metals and Minerals
Trading Division. Externally, we offer freight services to third-party
customers including miners, steel mills and other trading houses.
And we go further. Trafiguras strict vessel screening policy makes safety

a top priority. We will only charter double-hulled tankers for period and spot
fixings and for our storage business. We are one of very few trading houses
to insist on double-hulled vessels. We also have an age-limitation policy,
restricting chartering to ships that are less than 25 years old. We also make
sure that an accredited member of the International Association of
Classification Societies (IACS) classifies all our vessels. We incur additional
costs by imposing such high minimum specifications on our fleet, but the
knowledge for ourselves and our partners that cargoes are conveyed as
safely and cleanly as possible more than justifies the extra expense.
Typical oil vessel within our fleet, Bahamas, Caribbean.
We use tanker Forward Freight Agreements (FFAs) to lock into fixed

freight prices and hedge part of our shipping exposure. We typically sell
paper against various cargo sizes on specific routes largely performed
by our time-charter fleet.
We ensure we conform to the most rigorous safety and
environmental standards. Many of our customers are regular
counterparties for Trafigura. All the majors have strict vetting
protocols. They will only trade with companies whose assets and
procedures meet their best practice.
PUMA ENERGY
PumaEnergy is a global oil and petroleum products distribution company,

backed by strong infrastructural resources, in close to 45 countries across five
continents. The company handles over 34 million m3 of oil products annually via
a network of 79 bulk storage terminals, 41 airports and more than 1,800 service
stations, with downstream sales volumes close to 14 million m3 in 2014.
5.6m m3+ 1,826

19.9m m3 1,800+
Storage capacity
New employees in 2014
Throughput volumes
Service stations
FUELLING PROGRESS
PumaEnergy is fuelling progress by transporting oil products to parts
of the world where they make a real difference to peoples lives. It has
built a successful global business by doing the simple things well.
It delivers product when and where it is needed, and invests in storage,
supply systems and people to make that happen.
This is a new breed of oil major. PumaEnergys unique business
model focuses on international reach and downstream delivery.
It integrates fuel supply structures and invests in infrastructure to
maximise its opportunities in high-growth markets. It is tapping into
energy needs in fast-growing markets in Africa, Central and Latin
America, the Caribbean and Asia Pacific.
Trafigura owns 48.8 percent of the company. PumaEnergy operates
independently, but gains synergies from Trafiguras access to global fuel
markets. Its second largest shareholder, Sonangol, also provides strong
financial and industrial backing, particularly across Africa.
GROWING ORGANICALLY AND THROUGH ACQUISITION

PumaEnergy has an ambitious, entrepreneurial culture. The company
has experienced notable organic and acquisition-led growth. At the
end of 2014, gross margin is expected to reach USD1.42 billion, up from
USD1.16 billion at the end of 2013. PumaEnergys fixed asset base has
also increased significantly to USD4.1 billion in September, 2014.
PumaEnergy has a proven ability to incorporate new businesses
into its portfolio. It has demonstrated this repeatedly in its existing markets
in Africa, Central America and Southern Africa, as well as in new
territories and regions. The recent acquisition of Interoils Papua New
Guinea (PNG) midstream and downstream businesses in 2014 adds to its
portfolio of assets in high-growth economies and complements existing
Asia Pacific holdings in Vietnam, Malaysia, Indonesia and Australia.
In the past, PumaEnergy was known for its successes in emerging
economies. Today, its largest retail networks are in fast-growing,
developed economies. It now sells fuel through over 1,800 retail sites
in the Americas, Africa and Australasia.
Puma Energys rapid growth in Asia Pacific demonstrates the
strength of its business model in developed economies. Multiple
acquisitions established its presence in 2013; it is now one of Australias
largest independent fuel retailers and a major wholesale distributor
across the region. In 2014, it opened its second fuel import terminal in
Mackay, North Queensland, having invested USD70 million in its
construction just a year earlier.
* All figures estimated as of 30September, 2014. PumaEnergys financial year runs from 1January to 31December.
PumaEnergy bitumen terminal, Langsat, Malaysia.
GLOBAL HUB TERMINALS AND REGIONAL STORAGE

Strategically located bulk storage terminals provide the backbone for
Puma Energys fuel distribution businesses. The Bayamn terminal in
Puerto Rico serves the US, Caribbean and Central American markets.
Other terminals are in the Jebel Ali Free Zone in the UAE and off the
southern coast of Malaysia at the epicentre of global trade routes.
The company has strong midstream capabilities at the Sillame and
Paldiski terminals in Estonia. Significant ongoing investment here has
grown throughput of light oils, shale oil, petrochemicals, LPG, gasoline
and aviation fuels.
A global network of regional facilities supplements the hub
terminals. In Africa, for instance, the network includes a recently
expanded 120,000m3 storage terminal at Walvis Bay, Namibia, and
growing operations in Tanzania and in Mozambique.
PumaEnergy is fuelling progress by

transporting oil products to parts of
the world where they make a real
difference to peoples lives.
PRODUCT DIVERSIFICATION
Business lines and retail customers around the world trust PumaEnergy
to deliver high-quality fuels safely, reliably and at a fair price. It has
extensive business-to-business distribution networks and contracts with
oil majors and leading oil traders. It works closely with multinational
businesses such as Castel Group and Coca-Cola.
Puma Energys fuel delivery services support economic
development and national infrastructure programmes. In lubricants,
it is now the worlds largest distributor of Castrol products.
Puma Energys recent acquisition of Trafiguras bitumen supply
assets has confirmed its status as a leading integrated global bitumen
distributor. It now has 16 dedicated bitumen terminals including those
in Angola, Central America, Malaysia, Vietnam, and Spain.
It supplies mining businesses and has long-term contracts with
large power generation companies around the world. Multinational
construction companies like Odebrecht rely on PumaEnergy fuels in
multiple territories. It is the exclusive fuel supplier to the Panama Canal
Authority for the Panama Canal expansion programme.
PumaEnergys aviation business continues to grow. Puma Aviation
International now has operations in 41 airports in 15 countries. It
services major international carriers, such as Delta, Air France/KLM,
Qatar Airways as well as the US Air Force.
VALUE CREATION:
DEVELOPING MARKETS IN PAPUA NEW GUINEA
CHALLENGE
ACCESSING AND
DEVELOPING
MARKETS IN
PAPUA NEW GUINEA
Image: PumaEnergy service station in Australia.
TRAFIGURA IS INVESTING
ACROSS THE SUPPLY CHAIN
Papua New Guineas (PNG) wealth of
natural resources including oil, gas, copper
and precious metals has enabled strong
economic development in recent years.
Large-scale private investment
in mining, additional LNG production
capacity and liberalisation in strategic
sectors are driving rapid GDP growth. This
is estimated at 6 percent for 2014 and the
World Bank is predicting that GDP will
grow by as much as 20 percent in 2015.
PNG has made important progress
in key areas of structural reform, but
considerable scope remains for a company
such as Trafigura, already very active in
the Asia Pacific region, to accelerate
private sector-led growth.
In July 2014, PumaEnergy became the

largest fuel supplier. With its acquisition
of InterOils midstream and downstream
businesses in PNG, it gained a 28,000
barrel per day refinery and 52 service
stations as well as fuel depots, terminals
and aviation sites.
If PNG is to capitalise fully on its
potential, the development of the countrys
transport network will be key. The fast and
efficient passage of natural resources to
international markets will be critical.
Trafiguras extensive experience of
operating in developing markets and
proven aptitude for challenging
environments will play a central role in
building the countrys long-term growth.
$525.6m
PumaEnergy acquisition of InterOil's
midstream and downstream assets
in Papua New Guinea
20%
Forecast real GDP growth in 2015
(World Bank)
For further information please visit www.pumaenergy.com
SOLUTION
DT GROUP
DT Group is a joint venture between Trafigura and Cochan.

It develops markets in sub-Saharan Africa, with a particular
focus on Angola. It works closely with international and local
partners in the logistics, trading and natural resources sectors.
With offices in Geneva, Luanda and Singapore, DT Groups interests

span trading, shipping infrastructure, asset management, logistics
and mining.
200
4
People employed globally
Owned vessels
$2.9bn
$5.3bn
Total assets
Sales revenue
INVESTING IN AFRICAS FUTURE

DT Group acts as an incubator and investment vehicle for a range of
businesses, focusing mainly on Angola. The Group is a 50:50 joint
venture, leveraging the market capabilities and financial strength of
Trafigura and the incisive local knowledge and networks of leading
Angolan management and investment firm, Cochan.
DT Groups co-owners facilitate its activities by contributing
specialist expertise and substantial capital. Its flexible business model
allows it to seed, incubate and scale-up a wide array of projects. It is
helping to develop new markets in Angola and beyond by participating
in ambitious and transformative projects.
DEVELOPING MARKETS IN ANGOLA
Angola is a country with enormous potential. It has a growing
population and abundant natural resources, but it still lacks
infrastructure and is overly dependent on energy exports.
The Government is investing in projects to diversify the economy
beyond the oil sector. DT Group is involved in key sectors that support
Angolas economic development. The Group maintains flexibility by
bringing international specialists and local partners together for each
of its projects.
DT Group activities span three main areas. It provides trading
services that leverage Trafiguras international presence to connect
Angola with global markets. It operates logistics businesses that
manage infrastructure and transportation. In the natural resource
arena, it is developing agriculture and mineral assets.
TRADING SERVICES
Two subsidiaries, DTS Refining and DTS Commercial, trade crude oil,
gasoil, gasoline, jet and bunker fuel with Sonangol, Angolas State
energy company.
SHIPPING FLEET
DT Groups fleet of four bunkering vessels is chartered mainly to
Sonangol Distribuidora. Its vessels transport gasoil from Sonangols
storage facility at Lobito to Angolas offshore platforms. Trafigura and
Puma Energys shipping operations teams also manage DT Group
vessels on time-charter around the West African coast.
DT Group vessel off the coast of Angola.
OPERATING PORTS AND TERMINALS

Lobito is set to become a regional hub port for Angola, second only to
Luanda. In 2013, the Government invested USD2 billion to modernise
and extend it. A bulk port facility has recently been completed.
An advanced container terminal with scope for 700,000 units and
a nearby dry dock are under construction.
The Lobito Port benefits from multimodal logistics and is well
located for the African copper belt. Its terminals have direct access to
the recently upgraded Caminho de Ferro de Benguela (CFB) railway
line, which traverses Angola from west to east. Its rail access equips
the port as a centre for international trade not just for Angola,
for neighbouring countries too.
DT Group subsidiary, Angofret, is now constructing two
multifunctional logistics platforms at stations along the railway line.
New platforms at Huambo and Luena will include container stacking
facilities and technology for cargo logistics. They will increase the
efficiency of Angolas transportation system and help to activate the
railway as part of a multimodal transportation network.
HARNESSING NATURAL RESOURCES
Angola was once the breadbasket of Southwest Africa, but the civil
war devastated its agricultural base. Now subsistence farming
predominates; farmland is parcelled up into uneconomic smallholdings.
DT Group subsidiary, DT Agro, is investing in the agribusiness sector.
It owns a 90-hectare pilot project in Catumbela growing fruit and
vegetables. The site also includes a packing plant. This project is
demonstrating how technology, modern processes and vertical
integration can radically improve yields.
DT Groups majority-owned mining joint venture AEMR has
conducted extensive geological testing across the country.
Infrastructural improvements will be needed before it can develop
mining operations. For now, this business remains on standby, but it is
ready to bring in international expertise to help develop Angolas
mineral assets when the time is right.
BUILDING BETTER FUTURES

The social dimension is a key element in DT Groups business model. Its
activities are deeply rooted in Angolan society. Ultimately, the more
connected it is with local communities, the better its businesses function.
It recruits locally and builds in-house talent through training and
development programmes. It pursues initiatives that promote social
inclusion, social entrepreneurship and self-reliance. It has set up and
endowed the DT Foundation as an independent philanthropic organisation
to deliver targeted programmes in support of these objectives.
Port of Lobito, Angola.
IMPALA
TERMINALS
Impala Terminals is a multimodal logistics provider focused on export-driven
emerging markets. It owns and operates ports, port terminals and warehouses
which, combined with its transport assets, provide end-to-end logistics solutions
for dry and liquid bulk cargoes, general cargo and containers.
20+
25+
1.3m m +
1,624
Countries of operation
Terminal sites worldwide
Storage capacity
Employees
$2.1bn+
$405.3m
$300m+
$1.0bn+
$200m+
Total assets
Sales revenue
Investment in Burnside Terminal, US
Investment in Colombian operations
Investment in Callao Terminal, Peru
OPERATING IN CHALLENGING ENVIRONMENTS

Impala Terminals has a substantial presence in emerging markets and
has particular expertise in providing efficient logistic solutions in
challenging operating environments and hard-to-reach locations. It
adds value through its ability to handle cargoes safely, reliably,
efficiently and securely.
With a key focus on increasing efficiency, Impala Terminals
multimodal capabilities connect producers, end-users and international
markets. Its logistics solutions in Brazil, Peru, Colombia and across the
African continent integrate rail, storage and direct-berth access. In
Colombia, it is constructing a fully multimodal logistics system linking
major ports with the economic heartland and resource-rich parts of
the country.
INVESTING IN MULTIMODAL TERMINALS
Impala Terminals has invested over USD300 million to refurbish and
expand a state-of-the-art bulk storage terminal at Burnside on the
Mississippi River. The Burnside terminal is a key strategic hub, with
access from the US coal producing heartland to international export
markets. Its coal and petroleum coke (petcoke) storage and logistics
capabilities are attracting major producers and traders who look to
Impala Terminals for logistical flexibility and optionality.
Impala Terminals, via a joint venture with Mubadala Development
Company, has invested in a controlling stake in Porto Sudeste, a
Brazilian iron ore export terminal. With over USD2 billion invested,
construction work at the port completed in 2014. Commercial operations
are now underway.
Porto Sudeste connects with the iron ore quadrangle in Minas
Gerais State via the privately owned MRS railway, giving Brazils
independent miners seamless logistic access to global markets. With
scope to double its current 50 million tonne per annum capacity, it will
soon be a major export outlet for Brazils iron ore mines.
Burnside Terminal on the Mississippi River, Louisiana, US.
DEVELOPING MULTIMODAL LOGISTICS

Impala Terminals USD1 billion investment in Colombia is transforming
the Magdalena River into a multimodal transport corridor. Impala
Terminals has introduced a fleet of over 120 double-hulled barges to
transport dry and liquid bulk commodities, containerised cargo, and
general and project cargo to and from the main Colombian ports on
the Caribbean coast. Impala Terminals purpose-built river port at
Barancabermeja acts a consolidation hub, connecting river and
road networks.
Impala Terminals FDP rail concession is moving substantial cargo
volumes between Buenaventura on Colombias Pacific coast and Yumbo,
near Cali city. There are plans to extend the line and add locomotive
capacity in 2015.
Impala Terminals operation in Callao, Perus leading commercial port,
is a beacon for quality and safety. Metal concentrates are transferred
from the covered yard via a fully enclosed conveyor to the dedicated
port berth. The system greatly simplifies dry cargo loading, replacing
around 150,000 truckloads of metal concentrates annually.
In Africa, Impala Terminals is improving service quality and reliability
in the most challenging operating environments. It has upgraded
facilities at Ndola, Zambia and has recently refurbished its berth-side
port terminal at Dar es Salaam, where multimodal connectivity
enables two-way traffic by road, rail and sea.
DELIVERING END-TO-END SERVICE

Many of the worlds top companies rely on Impala Terminals to move,
store, blend and deliver their bulk commodities safely, efficiently and cost
effectively. Impala Terminals is one of the leading terminal and logistics
specialists in Latin America, a significant participant in the African
market and is developing operations in North America and China.
Impala Terminals manages bonded operations for refined metals
in Antwerp and Dubai and is an accredited London Metal Exchange
(LME) warehouse operator. Its refined metals operation in China stores
and delivers across the country.
For customers looking to operate domestically and internationally,
Impala Terminals offers storage, onward shipping and final-mile delivery.
Value added services include containerisation, blending, weighing, sampling
and laboratory testing.
Impala Terminals has developed a global container freight-forwarding
business to further enhance service reliability, cost efficiency and
access to its customers. It has freight-forwarding operations in seven
locations on four continents. This is winning business with Trafigura
and third-party customers alike.
BUILDING CAPACITY
The company is building capacity by investing internationally at
strategic locations. Its ports, port terminals and warehouses connect
inland logistics networks with major international trade routes. Impala
Terminals is facilitating global trade flows, providing access to markets,
and extending opportunities for its customers.
For further information please visit www.impalaterminals.com
VALUE CREATION:
ACCESSING MARKETS THROUGH PORTO SUDESTE
CHALLENGE
CONNECTING
IRON ORE MINERS IN BRAZIL
WITH THE GLOBAL ECONOMY
IMPALA TERMINALS AND MUBADALA JOIN

FORCES TO TAKE A CONTROLLING INTEREST
IN A MAJOR NEW IRON ORE TERMINAL
Porto Sudeste, a state-of-the-art, iron
ore port in Rio de Janeiro state, Brazil,
will start commercial operations in early
2015. Brazils miners will soon be able to
access international markets quickly,
efficiently and reliably.
A private railway line operated by MRS
Logstica will carry iron ore direct from
the mines where it will be stockpiled and
loaded onto a deep sea vessel for export.
The iron ore arrives at a dedicated rail spur
equipped with car dumpers that offload
onto state-of-the-art conveyors with
no need for uncoupling. The ore is then
transferred to one of two 2.5 million
tonne capacity storage yards.
When vessels are ready for loading,

stacker-reclaimers transfer the ore from
the yards onto a conveyor. It moves rapidly
through a 1.8 kilometre tunnel to Porto
Sudestes 20-metre deep berths.
Two shiploaders on the main
berth can be operated together or used
independently on different vessels. Each
loads 12,500 tonnes per hour, enabling
a Capesize vessel to be fully loaded in
less than eight hours.
With an initial capacity of 50 million
tonnes per year and scope to double
that, Porto Sudeste is a major new
route to export for miners in
the iron ore quadrangle.
50mmt*
Annual throughput capacity
*Million metric tonnes.
12,500mt
Maximum hourly loading rate
per ship loader
For further information please visit www.portosudeste.com
SOLUTION
MINING GROUP
The Mining Group manages mining operations, develops projects,

conducts technical audits of existing and potential partner projects and
provides advisory and support services to Galena Asset Management,
Trafiguras trading desks and trading partners.
2.3mmt
Ore extracted at MATSA mine
0.6mmt
Ore extracted at Catalina
Huanca mine
A STRATEGY FOR GROWTH

Trafigura has been actively involved in mining activities since the
companys formation over two decades ago. These activities are now
centralised within the Trafigura Mining Group.
Trafigura Mining has a three-part strategy. It grows existing
operations organically, develops new projects where opportunities
arise, and provides technical services to assist the Trafigura Group and
its partners.
Trafigura Mining Groups main operations are in Latin America,
Europe, Asia and Africa. Its flagship mine, Aguas Teidas (MATSA), is
located in the Iberian Pyrite Belt in south-western Spain and produces
copper, zinc and lead concentrates along with some silver. The Group
also operates the Catalina Huanca mine in Peru and is active in Angola
and the Democratic Republic of Congo (DRC).
EXPANDING AND EXTENDING MATSA, SPAIN

A EUR300 million, two-year expansion plan for MATSA is nearing
completion. This will create one of Europes largest underground
mining and processing operations. Major new deposits and a second
treatment plant will double processing capacity from 2.3 million tonnes
to a projected 4.4 million tonnes during 2015.
Magdalena, a brand-new mine located in close proximity to the
existing processing plant, will come on-stream in 2016. Before then,
the Sotiel mine, located near MATSA, is being reopened to supply additional
ore to the new treatment plant. A 135,000m2 logistics terminal is being
built by Impala Terminals at the Port of Huelva to provide additional
concentrate storage and a vessel loading and discharge service. It will
also carry out blending so that materials can be sold in solid form. The
facility will begin operations in 2015.
A EUR300 million, two-year expansion

plan for MATSA is nearing completion.
This will create one of Europes
largest underground mining
and processing operations.
A MORE PRODUCTIVE FUTURE FOR CATALINA HUANCA, PERU
The Catalina Huanca mine in Peru produces copper, zinc and lead
concentrates with some gold and silver. The mine has historically been
challenged by its remote location and limited mine-life.
The Mining Group has been effective at increasing efficiency and
lowering production costs at Catalina Huanca. It has increased
mineable reserves, and also consulted closely with the local community
to win support for the development of a larger tailings facility.
These developments have enhanced the mines economic
viability, helped to extend its productive life and protect local jobs
beyond 10 years.
NEW LIFE FOR SPAINS MINING INDUSTRY

The Magdalena mine was officially inaugurated in September, 2014.
This previously unknown deposit, the first to be discovered in Spain for
decades, starts full production in 2016. The mine is just a few kilometres
from MATSA and will share its treatment plants and logistics facilities.
The location was established using Versatile Time-Domain Electromagnetic
(VTEM) technology. A helicopter trailing a 30-metre antenna conducted
a geophysical survey. Its measurements were combined with gravity and
electromagnetic data to detect the presence of sulphides underground.
Follow-up exploratory testing confirmed the existence of an exceptionally
large and rich resource.
The new mine will extend the life of MATSA and its satellites well beyond
20 years. It will safeguard hundreds of jobs and secure valuable production for
Trafiguras Metals and Minerals Trading Division.
Above: MATSA mine, Seville, Spain.
TECHNICAL DUE DILIGENCE

The Mining Groups technical team employs internationally renowned
mining specialists. The team includes geologists, mining engineers,
metallurgists, project management experts and mining industry
veterans. They travel the world, providing assistance wherever
it is needed.
In Brazil, Trafiguras technical team is conducting intensive
due-diligence work in the iron ore sector. Impala Terminals iron ore
export terminal, Porto Sudeste, has the capacity to handle over 50
million tonnes of iron ore annually. The facility will afford mid-tier
producers significant logistics economies and access to international
markets. The Mining Groups technical team has been commissioned
by Trafigura to conduct a series of technical audits to assess which
producers are best suited to work with Impala Terminals and Trafiguras
trading teams in future.
In the US, the team is conducting analysis and evaluation on
various development projects proposed by Bowie Resource Partners,
Galena Asset Managements coal producing partner.
These developments have enhanced

the mines economic viability, helped
to extend its productive life and protect
local jobs beyond 10 years.
MATSA mine processing plant, near Seville Spain.
PROGRESS IN AFRICA
In Angola, the Mining Group participates in the AEMR mining joint
venture through DT Group. All four Angolan mining projects are
currently on standby while necessary basic infrastructure is introduced.
In the neighbouring Democratic Republic of Congo (DRC) the
Mining Group is co-developing Kalumines, a small copper property,
with Congolese State-owned entity, Gecamines, in Katanga province.
This mine produced its first ore in September, 2014.
GALENA ASSET
MANAGEMENT
Galena Asset Management has provided specialised alternative investment

solutions since 2003, leveraging Trafiguras leading position and market
intelligence to achieve superior, risk-adjusted returns.
PERFORMANCE INDICATORS
TOTAL FUNDS
$1.7bn
Liquid trading strategies
$2.2bn
Total funds under management,

including managed accounts
$104m
Credit strategy
$400m
Real asset strategy
WHERE FINANCIAL AND COMMODITY MARKETS INTERSECT

Galena Asset Management (Galena) is a wholly-owned subsidiary of
Trafigura, offering institutional investors specialist alternative
investment solutions. Its funds provide a deep and broad offering of
investment opportunities in commodities markets that consistently
deliver above-average, risk-adjusted returns. Their long-term performance
confirms the effectiveness of its investment strategy.
The firm, which focuses on financial commodity markets, has a
deep understanding of physical contracts through its parent company.
It combines rigorous, top-down financial analysis with the detailed
practical knowledge of physical flows that is only available to those
actively involved in the field. Galena operates independently, but
derives significant benefits from its relationship with Trafigura.
Galena combines a rigorous top-down

analysis with bottom-up asset selection
informed by practical knowledge
in the field.
GLOBAL MARKET INTELLIGENCE
Galena does not trade physical commodities, but its in-depth understanding
of physical markets is what makes the firm distinctive. The connection
with Trafigura delivers practical insights, which translate into effective
trading strategies. It achieves the most success in markets where
actual trade flows underpin price behaviour.
Galenas asset portfolio emphasises markets and opportunities in
metals and minerals sectors, where it has a strong competitive edge.
Refined metals in storage.
ATTRACTING VALUE-BASED INSTITUTIONAL INVESTORS

Galenas business model attracts institutional investors that focus on
value and long-term performance, rather than those driven by league
tables and short-term performance.
In the markets where Galena is most active, clients are looking for
deep sources of value. They view Galenas relationship with Trafigura as
a key value driver.
Galena manages three categories of fund on behalf of institutional
investors globally.
1.LIQUID TRADING STRATEGIES
Most assets are managed in Galenas liquid trading strategies. These
take long-short, directional and strategic positions in metals and
minerals. There are two main funds:
The Galena Malachite Fund is a single-client fund managed against
an agreed benchmark. The Fund has significantly outperformed its
benchmark since inception.
The Galena Metals Fund is the companys flagship fund. It has

generated outstanding performance over more than a decade, with
low volatility and a compound net annual return of 9.21 percent to
30September, 2014.
3.REAL ASSET STRATEGIES

The Private Equity Resources Fund closed in September, 2014, with
over USD400 million of total committed and invested assets. The Fund
invests in both the equity and debt of metals and mining companies,
particularly those that are in a development or expansion phase. The
Fund invests globally in coal mining, and base, ferrous and precious
metal assets.
Its major independent investors sit on a Limited Partners Advisory
Committee (LPAC). The LPAC is currently composed of two family
offices and a university endowment fund. Trafigura also has a seat on
the committee as a non-voting member. The LPAC vets all investment
decisions. Any transaction with implications for Trafigura or a related
party is independently assessed and reviewed by the LPAC.
SYNERGIES BETWEEN GALENA AND THE TRAFIGURA GROUP
Since the global financial crisis, performance outside the equity asset
class has been challenging for a number of institutional investors. As a
result, many are seeking deep value at its source. They are increasingly
willing to look at more unconventional investment opportunities.
Galenas proximity to Trafigura has been further formalised with
the launch and closure of the Private Equity Resources Fund. The Fund
heavily relies on different parts of the Group to deliver superior returns
independently from commodity cycles.
With its successful USD400 million close, one of the largest in the
industry this year, Galena has received a powerful endorsement.
Sophisticated institutional mining investors have committed to the
Fund for the next seven years. This strong support from the investment
community for Galenas offering has acted as a catalyst more
projects are now being developed in the real assets space.
For further information please visit www.galena-invest.com
2.CREDIT STRATEGIES
The Galena Commodity Trade Finance Fund generates stable and
uncorrelated returns with extremely low volatilities. It has been
returning close to 5 percent over London Interbank Offered Rate
(LIBOR) to investors annually. The Fund participates in the low-risk
segment of global pre-export commodity trade finance transactions
alongside banks. It is typically held by institutional investors as part of
a larger portfolio of assets to diversify their fixed-income risk.
2014 FUND PERFORMANCE

Liquid Trading Strategies
Galena Metals Fund
Galena Malachite Fund
Galena Malachite Benchmark**
Inception
Date
Jun-04
May-07
Assets Under
Management*
$1.1bn
$640m
Credit Strategy
Galena Commodity Trade Finance Fund
Sep-10
$104m
Real Asset
Galena Private Equity Resources Fund
Dec-12
$407m***
Performance
Since Inception
148.55%
10.97%
-19.09%
Compounded
Annual Return
9.21%
1.41%
-2.82%
Largest
Monthly Gain
9.14%
13.49%
12.41%
Largest
Monthly Loss
-10.40%
-25.32%
-24.49%
Annualised
Volatility
10.71%
21.49%
21.01%
21.67%
4.93%
0.62%
0.00%
0.35%
* Including Managed Accounts

** Based on GSCI precious metals and base metals sub-indices
*** Total committed and invested assets.
INSTITUTIONALLY COMPLIANT
Galena offers investors the assurance of over 10 years of asset
management experience with a strong, institutionally compliant
platform. Its funds attract high-profile investment institutions from
around the world including family offices, pension funds, endowment
funds, insurance companies and sovereign wealth funds.
Galena is authorised and regulated by the Swiss Financial Markets
Authority (FINMA) as an investment fund manager. It is an MASregistered (Monetary Authority of Singapore) fund management
company in Singapore, is registered with the Commodity Futures
Trading Commission (CFTC) and is a member of the National
Futures Association (NFA).
CORPOR ATE RESPONSIBILIT Y
SUSTAINING
TRADE
Responsible trade drives economic progress
and strengthens society. At Trafigura, we are
committed to conducting our activities in a
way that benefits the communities we serve.
C O R P O R AT E R E S P O N S I B I L I T Y
CORPORATE
RESPONSIBILITY
BUSINESS STRATEGY
To play a leading and lasting role in the physical commodities business
requires a long-term perspective.
Fuelled by increasing urbanisation and industrial development, the
incredible growth of global trade in the past two decades has demanded
the faster and more efficient transportation of natural resources from
points of origination to consumption. Trafigura has made an important
contribution to this progress.
As a leading commodities trading company, we act as partner to
nations, corporations and communities. We aim to redress complex
supply and demand imbalances while earning the trust of those around
us through responsible practices and behaviours.
This is what we mean by advancing trade. We welcome the
challenge, and we intend to demonstrate how we are meeting it. We are
supported in these endeavours by the work of the Trafigura Foundation.
CORPORATE RESPONSIBILITY GOVERNANCE
Five core elements constitute our Health, Safety, Environment and
Communities (HSEC) governance framework. These include the
Trafigura HSEC Steering Group, HSEC working groups, subsidiary-level
HSEC Steering Groups, operating unit HSEC functions and stakeholder
engagement. Each element informs the selection, prioritisation and
management of our sustainability risks.
Trafiguras HSEC Steering Group has been appointed by the
companys Management Board to advise the business on HSEC matters.
The Group, comprises a member of Trafiguras Supervisory Board,
Trafiguras CEO, Jeremy Weir, on behalf of the Management Board
and senior representatives from each Trafigura division, subsidiary and

significant investment. Additional senior members of staff have been
co-opted to ensure that the interests of the Group are fully represented
and aligned.
The mandate of Trafiguras HSEC Steering Group centres on the
intention to manage a robust yet streamlined approach to HSEC issues
across the Trafigura Group, with an emphasis on implementation and
performance improvement at an operating company and local site
level. The key responsibilities of the Management Board are to establish
the vision, provide direction and ensure adequate allocation of
resources to HSEC globally.
Trafigura is supported in its corporate responsibility programme
through the assistance of leading global sustainability consultancy,
ERM, which provides specialist and ongoing support on HSEC matters
to the Steering Group and access to its global technical resources in
support of local, regional and international projects.
Trafigura is a member of the World Business Development Council on
Sustainable Development (WBCSD). WBCSD is a CEO-led organisation
of forward-thinking companies that galvanises the global business
community to create a sustainable future for business, society and the
environment. Through its members, the Council applies its respected
thought leadership and effective advocacy to generate constructive
solutions and drive business action on sustainability in the coming
decade and beyond.
Contact us at HSEC@trafigura.com
OVERVIEW OF THE TRAFIGURA GROUP HSEC GOVERNANCE STRUCTURE

TRAFIGURA OIL & PETROLEUM
PRODUCTS TRADING
TRAFIGURA METALS
& MINERALS TRADING
TRAFIGURA MANAGEMENT BOARD
SUPERVISORY BOARD
SHIPPING & CHARTERING DESK

PUMA ENERGY
HSEC STEERING GROUP
DT GROUP
IMPALA TERMINALS
CORPORATE AFFAIRS
MINING GROUP
STAKEHOLDER DIALOGUE
ADVISORY SUPPORT (ERM)

LEGAL & COMPLIANCE
HSEC WORKING GROUPS

established to support the
development and implementation
of HSEC programmes and initiatives
CORPORATE
RESPONSIBILITY
CONTINUED
Trafiguras HSEC Policy and HSEC Business Principles present the values, standards and
performance expectations that all divisions and subsidiaries are required to uphold.
POLICY AND MANAGEMENT SYSTEMS

Our HSEC Policy sets out the high-level priorities and commitments of
the Management Board. The Business Principles communicate the
expectations of the Management Board with respect to how the Group
is expected to operate and behave.
Divisions, subsidiaries and affiliates are responsible for implementation
of Trafiguras HSEC Policy and Business Principles, and for supplementing
these documents with relevant sector-specific standards and supporting
policies and procedures for their day-to-day operations.
Trafiguras Code of Business Conduct complements our HSEC
Policy and Business Principles by articulating those business practices
expected of all employees.
Trafigura divisions and subsidiaries involved in the management
of physical assets have implemented formal HSEC management
systems and are aligning operations with accepted international best
practice where appropriate, such as ISO 14001 (the International
Standard for Environmental Management Systems) and OHSAS 18001
(the International Standard for Occupational Health and Safety
Management Systems).
A COMMITTED MEMBER OF THE EITI

In 2014, Trafigura formally declared its support to the Extractive Industries
Transparency Initiative (EITI). In a further step, Trafigura published a
policy on payments to Governments, drawn up in consultation with the
EITI International Secretariat. The policy, which is rooted in international
good practice, commits the company to disclosing Trafiguras payments
to Governments in EITI compliant and candidate countries, relevant to
oil trading activities.
Trafiguras commitment, the first of its kind from the commodities
trading sector, was an important step towards the development of a
disclosure standard for the trading industry within the EITI framework,
a process Trafigura has committed to participating in actively in future.
We believe that the EITIs multi-stakeholder approach is the most
effective way to develop transparency standards associated with
Government revenues from economic activities in the extractive
industries value chain.
Trafiguras commitment, the first of

its kind from the commodities trading
sector, was an important step towards
the development of a disclosure
standard for the trading industry.
As an EITI supporting company, Trafigura supports the principles of the EITI,
which attest broad acceptance and support of revenue transparency.
Trafigura is committed to working with the EITI though its multistakeholder forum, EITI multi-stakeholder groups in EITI implementing
countries, as well as with other trading houses that wish to contribute
towards the development of a voluntary trading-industry disclosure
standard within the EITI framework.
HSEC safety briefing, Impala Terminal, Lubumbashi, Democratic Republic of Congo.
STAKEHOLDER ENGAGEMENT
By engaging with local communities and other stakeholders in relation
to social, economic and environmental issues on the ground, we forge
stronger relationships with those around us.
Our stakeholders include those that have a significant interest in,
can affect and/or be affected by the commercial activities of the
Trafigura Group. These include producer and consumer governments,
employees, local communities, contractors, civil society and
intergovernmental organisations.
The integration of stakeholders into Trafiguras risk assessment
and management processes helps us identify issues that are within our
direct control and that are our clear responsibility to address, to
identify issues that are external to the Group but which nonetheless
fall within our sphere of influence and to establish whether we are
acting in line with stakeholder expectations.
Our stakeholders include those that

the Trafigura Group has a significant
impact on, as well as those that can
significantly impact on our activities.
THE UNITED NATIONS GLOBAL COMPACT

Trafigura is committed to supporting the United Nations (UN) Global
Compact as part of our broader effort to make a lasting and sustainable
contribution to the countries in which we operate.
The UN Global Compact is a strategic policy initiative for businesses that are
committed to aligning their operations and strategies with 10 principles in
the areas of human rights, labour, environment and anti-corruption.
By doing so, business, as a primary driver of globalisation, can help ensure
that markets, commerce, technology and finance advance in ways that
benefit economies and societies everywhere.
The UN Global Compact has two objectives:
To promote the 10 principles in business activities around the world
To catalyse business action in support of UN goals and issues, with
emphasis on collaboration and collective action.
Trafigura joined the UN Global Compact in December, 2014 and intends to play
a committed and active role in the national and international Compact community.
Trafiguras own HSEC Business Principles and associated Group-wide assurance
programme directly correspond to the UNGC 10 principles, as well as the
Universal Declaration of Human Rights.
TRAFIGURA
FOUNDATION
The Trafigura Foundation provides long-term funding and expertise to improve socio-economic
conditions for vulnerable communities around the world. It joins forces with proven
organisations on the ground to enhance the impact of its contribution towards beneficiaries.
PERFORMANCE INDICATORS
Grants by region:
$6.1m
$38m
27%
22%
29%
22%
Grants in 2014*
Total amount donated since 2008
Africa
Middle East and Asia
Americas
Europe
FORGING PARTNERSHIPS AND DEVELOPING SELF-RELIANCE

The Trafigura Foundation was established in 2007 as an independent
philanthropic organisation with a twofold mission.
The Foundation provides financial and technical support to longterm development programmes which deliver sustainable outcomes.
It has formal processes in place to select, support, monitor and review
programmes. Its main focus is on self-sustaining activities that help
people realise their full potential.
The second part of its mandate relates to the Trafigura Group.
Here, the Foundations role is to sensitise the company and its people
to the realities on their doorstep and to help them forge closer
connections with the wider world.
INTERDEPENDENCE AND INDEPENDENCE
The Foundations governance structure ensures decisions are guided by
genuine philanthropic motivations. The Board oversees strategic
direction and investment policy. The executive team looks after dayto-day management. Eleven Charity Committees in Trafigura offices
worldwide carry out fundraising and hands-on charitable activities in
their local areas.
In its early years it was important to assert the Foundations
independent status. With its credibility and independence now assured
the Foundation is able to forge closer links with the company without
compromising the true charitable nature of its endeavours.
CREATING CULTURAL CONNECTIONS
Closer links between the two organisations can promote fruitful cultural
exchange. Trafiguras values of agility, versatility and entrepreneurial
outlook inform the Foundations approach. Equally, the Foundations
values and priorities deliver benefits in the corporate sphere.
The Foundation aims to help Trafigura gain a more complete sense
of its social role as a major global economic player. Its work engages
with the disenfranchised and the developing world. Exposing Trafigura
people to these realities changes how they think about the communities
on their doorstep.
*January to December, projections on 1November, 2014.
BUILDING BRIDGES WITH LOCAL COMMUNITIES

At a human level, most people want to make a difference. The
Foundation fosters links and creates channels that allow Trafigura
employees to contribute in concrete ways. For instance, it matches
employee fundraising dollar for dollar. For those who wish to give time
and energy to a charity, it facilitates the connections.
The Trafigura Foundations Charity of the Year programme is well
established. Each Charity Committee arranges for its office to elect a
charity. Staff then raise funds and get involved in various ways, while
the Foundation contributes a sizeable grant. In 2014, Geneva selected
Fondation Clair Bois, which cares for people with multiple disabilities.
Montevideo chose Unidos, providing education and social care in a
deprived city district. The Igugulethu Primary School in Soweto was
nominated by the Johannesburg office.
FOCUS AREAS
The Trafigura Foundation currently runs 48 programmes across
35 countries.
It has three main focus areas as a grant-maker, which are
interdependent and mutually reinforcing. It sponsors programmes in the
areas of sustainable development, education and integration, and health.
It works in partnership with NGOs (non-governmental organisations),
leveraging their knowledge and resources on the ground. It aims to
provide its NGO partners with the financial means to carry out and
strengthen their programmes.
The Foundation doesnt just give money, it also provides strategic
and managerial support. It facilitates channels that allow Trafigura
staff members with a given expertise, such as IT, HR or marketing, to
volunteer their time and advice for a relevant programme.
The Help Me See programme provides cataract operations across Gambia,

Senegal, Guinea and Mali.
SUSTAINABLE DEVELOPMENT
Over a third of funding supports sustainable development. Some
projects aim to reconcile social and environmental objectives. Plante
Urgence, for example, is developing strategies to help man and
mangrove coexist in Indonesia.
Others focus on entrepreneurship. ADIE Crajeunes is backing
micro-entrepreneurs in France. The global WomenChangeMakers
programme supports and connects social entrepreneurs so they can
scale-up businesses that empower women in their communities.
EDUCATION AND INTEGRATION
The education and integration funding stream accounts for nearly half
of total funding.
Much of the Foundations focus is on educating and integrating
young people. In Brazil, it is supporting Fight for Peaces New Pathways
programme, which is bringing education to young people in Rio de
Janeiros impoverished favelas.
HEALTH
Grants in the health sector go to projects that address real problems and
have measurable impacts. The Foundations support for the ATIA
Tuberculosis programme in India has brought more effective therapy to a
million people in the slums of Mumbai, achieving an 82 percent cure rate.
Fight for Peace provides education and soft skills to young people
in RiodeJaneiros favelas, Brazil.
JUST ADD VISION

The Foundation slogan, Just Add Vision, encapsulates its approach.
It provides the crucial extra ingredient that can make good things
happen. The Trafigura Foundation will continue to bring people,
expertise and financial support together in support of long-term
philanthropic programmes.
To discover the many other programmes supported by the

Trafigura Foundation, visit www.trafigurafoundation.org
KEY
REGIONAL
OFFICES
A full list of Trafiguras representative offices
can be found at www.trafigura.com
CANADA
RUSSIA
Calgary
Trafigura Canada General Partnership
Livingston Place, Suite 1200
250 2 Street S.W.
Calgary
Alberta T2P 0C1
Canada
Tel: +1 403 294 0400
Moscow
Trafigura Eurasia
10 Povarskaya Str.
Bld.1, Office 300
Moscow 121069
The Russian Federation
Tel: +7 495 641 1728
CHINA
Beijing
Trafigura Beijing Representative Office
Room 2103, Tower B
PingAn International Financial Center,
No.3 Xinyuan South Road
Chaoyang District
Beijing 100027
China
Tel: +86 10 8446 5100
Shanghai
Trafigura Investment (China) Co., Ltd.
32 Floor Mirae Asset Tower
166 Lujiazui Ring Road
Pudong
Shanghai 200120
China
Tel: +86 21 6125 8300
INDIA
Mumbai
Trafigura India Pvt Ltd
2 North Avenue, Maker Maxity,
Bandra Kurla Complex,
Bandra (East)
Mumbai 400 051
India
Tel: +91 22 4226 8550
MEXICO
Mexico City
Trafigura Mexico
Reforma 115 Oficina 2102
Col. Lomas de Chapultepec
Delegacion Miguel Hidalgo
Federal District
Mxico 11000
Tel: +52 5552 01 4100
SINGAPORE
Singapore
Trafigura Pte Ltd
10 Collyer Quay
Level 29 Ocean Financial Centre
Singapore 049315
Tel: +65 6319 2960
SOUTH AFRICA
Johannesburg
Trafigura Services South Africa
15 Alice Lane, 3rd Floor
Sandton
Johannesburg
2196 South Africa
Tel: +27 11 750 6800
SWITZERLAND
Geneva
Trafigura Pte Ltd
1 Rue de Jargonnant
1207 Geneva
Switzerland
Tel: +41 22 594 6900
UNITED STATES OF AMERICA

Houston
1401 McKinney
Suite 1500
Houston
Texas 77010
United States of America
Tel: +1 832 203 6400
Stamford
Trafigura AG
One Stamford Plaza
16th Floor, 263 Tresser Boulevard
Stamford, CT 06901
United States of America
Tel: +1 203 355 7200
PERU
Lima
Trafigura Peru
Av. Santo Toribio 173
Edificio Real Ocho
Piso 4
Centro Empresarial Real
San Isidro, Lima
Per
Tel: +51 1 215 5470
URAGUAY
Montevideo
Trafigura Pte Ltd
Zonamerica, Ruta 8 km 17.500
Celebra Building, 5th Floor
Montevideo
Uruguay
Tel: +598 2518 8100
Printed by Pureprint on Vision Superior which is FSC certified.

Pureprint is certificated to ISO 14001 environmental management
system, is registered to EMAS the Eco Management Audit Scheme,
is a CarbonNeutral Company and has been awarded The Queens
Award for Enterprise: Sustainable Development.
Designed and produced by SALTERBAXTER MSL.
Written by Gotell Communications.
Photography by Charles Cannon, Edwin Koo, Gareth Bentley, Giles Bernard,
Jonathan Glynn Smith, Kevin Butts, Marcus Almeida and Sturrock Grindrod.
Trafigura Beheer B.V.

Gustav Mahlerplein 102
1082 MA Amsterdam
The Netherlands
Email: enquiries@trafigura.com
www.trafigura.com
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ENG LIS H

$127.6bn 169.5mmt $39.6bn

Oil and Petroleum Products revenue

Oil and Petroleum Products

Financial lines available to Trafigura

Metals and Minerals revenue

Metals total volume traded

Shipping and chartering

Minerals total volume traded

Average number of employees

* Trafiguras financial year runs from 1October, 2013 to 30September, 2014.

Trafigura is one of the worlds

Every day, around the world,

Whether youre a producer or an

TRAFIGURA CORPORATE BROCHURE01

We are one of the worlds leading trading firms.

02TRAFIGURA CORPORATE BROCHURE

In volume and across the world at the heart

Advancing trade with

EXCELLENT ENDTO-END SERVICES

TRAFIGURA CORPORATE BROCHURE03

Strategically located infrastructure that gets you closer

Advancing trade with

04TRAFIGURA CORPORATE BROCHURE

Reducing trading costs and extending service.

Democratic Republic of Congo

TRAFIGURA CORPORATE BROCHURE05

Trafiguras core business is physical

Proportion of oil and petroleum

Oil and Petroleum Products

Metals and Minerals

Shipping and Chartering*

We are one of the worlds largest traders by

We are one of the worlds largest metals and

Our Shipping and Chartering desk is closely

Oil and Petroleum Products

Metals and Minerals volume traded

06TRAFIGURA CORPORATE BROCHURE

Operations are based in regional offices

Shipping and Chartering fixtures

Metals and Minerals

Oil and Petroleum Products

ASIA & AUSTRALIA

Standard lot size on Lykos

INDUSTRIAL AND FINANCIAL ASSETS

Galena Asset Management

Storage capacity: 5.6m m3

Countries of operation: 20+

Liquid trading strategies:

Total funds under management,

TRAFIGURA CORPORATE BROCHURE07

Impala Terminals builds

IMPALA TERMINALS, BRAZIL

08TRAFIGURA CORPORATE BROCHURE

IMPALA TERMINALS, PERU

l Oil and Petroleum Products

Galena Asset Management announces the

Trafigura raises JPY25.5 billion

PUMA ENERGY, PAPUA NEW GUINEA

TRAFIGURA CORPORATE BROCHURE09

BUSINESS MODEL AND STRUCTURE

OUR BUSINESS MODEL

Our vision is of an increasingly interconnected and prosperous world in which

Transformations in space, time and form

* T he size of each segment is not indicative

* Metals include non-ferrous metal concentrates and refined metals.