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Trafigura
Trafigura Group Pte. Ltd. is a Singaporean-based Swiss multinational commodity trading company founded in 1993 that trades in base metals and energy. It is the world's largest private metals trader and second-largest oil trader having built or purchased stakes in pipelines, mines, smelters, ports and storage terminals. The company operates through a complex network of over 100 subsidiaries across the world, with main operating offices in Geneva and Singapore. Trafigura was formed by Claude Dauphin and Eric de Turckheim in 1993, but quickly split off from a group of companies managed by Marc Rich. Trafigura has been named or involved in several scandals, particularly the 2006 Ivory Coast toxic waste dump, which left up to 100,000 people with skin rashes, headaches and respiratory problems. The company was also involved in the Iraq Oil-for-Food Scandal. History Trafigura Beheer BV was established as a private group of companies in 1993 by six founding partners: Claude Dauphi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2006 Côte D'Ivoire Toxic Waste Dump
The 2006 Ivory Coast toxic waste dump was a health crisis in Ivory Coast in which a ship registered in Panama, the ''Probo Koala'', chartered by the Singaporean-based oil and commodity shipping company Trafigura Beheer BV, offloaded toxic waste to an Ivorian waste handling company which disposed of it at the port of Abidjan. The local contractor, a company called Tommy, dumped the waste at 12 sites in and around the city in August 2006. The dumping, which took place against a backdrop of instability in Abidjan as a result of the country's first civil war, allegedly led to the death of 7 and 20 hospitalisations, with a further 26000 people treated for symptoms of poisoning. In the days after the dumping, almost 100,000 Ivorians sought medical attention after Prime Minister Charles Konan Banny opened the hospitals and offered free healthcare to the capital's residents. Trafigura originally planned to dispose of the slops – which resulted from cleaning the vessel and contained 5 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Claude Dauphin (businessman)
Claude Dauphin (10 June 1951 – 30 September 2015) was a French billionaire businessman and executive chairman of Trafigura Beheer BV, a company specialising in commodity trading (oil, metals, ores). In addition to being one of the company's founding partners, Dauphin had previously served as Trafigura's chairman and CEO. In March 2013 his net wealth was estimated at $1 billion by ''Forbes''. Dauphin died from cancer in a hospital in Bogota at the age of 64 after a two-year struggle with lung cancer. Early life Claude Dauphin was born on 10 June 1951 in Houlgate, Normandy in northern France. He went to school at the Ecole St. Laurent in Bayeux, leaving at 16 to work for his father's scrap metal business in Rocquancourt before moving to Paris to join the London Metal Exchange brokerage Brandeis Goldschmidt as a ferro-alloys trader. Career In 1977, he met Felix Posen, head of non-ferrous trading at the commodities trading firm Marc Rich + Co. Posen hired him to work at Marc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Puma Energy
Puma Energy is a Switzerland, Swiss multinational corporation, multinational mid- and downstream oil company, majority-owned by Singapore-based Swiss company Trafigura. Its operations span around 40 countries across five continents and encompass the supply, storage, refining, distribution, and retail of a range of petroleum products. The firm owns and operates more than 1,900 service stations and of oil storage facilities. The company employs over 3,500 staff and is headquartered in Singapore with regional hubs in Geneva, Johannesburg, San Juan, Puerto Rico, San Juan, Brisbane, and Tallinn. History The ''Puma'' brand was created in Argentina in 1929 by "Compañía General de Combustibles S.A." (CGC). CGC was founded in 1920 to transport and market crude oil and its by-products around the country. By the end of the decade CGC was operating its own-brand service stations in Argentina under the Puma name. Between 1930 and 1996 Puma brand's profile in the Argentini ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeremy Weir
Jeremy Weir (born 1964) is an Australian businessman, the CEO of Trafigura since March 2014, when he succeeded Claude Dauphin. Early life Weir was born in Melbourne, Australia in 1964. He has a bachelor's degree in geology from the University of Melbourne, Australia. Career Weir worked for at N M Rothschild & Sons Rothschild & Co is a multinational Investment banking, investment bank and financial services company, and the flagship of the Rothschild banking group controlled by the French and British branches of the Rothschild family. The banking business o ... from 1992 to 2000, in Australia and London, and was responsible for commodity trading, marketing and their international metals derivatives business. Prior to becoming the CEO, Weir was head of mining and market risk. Since becoming CEO, Weir has made efforts to make Trafigura's operations more open to public scrutiny, and in April 2015 was the first Trafigura CEO to speak in public. References 1964 births Liv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TheGuardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust Limited, Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marc Rich
Marc Rich (born Marcell David Reich; December 18, 1934 – June 26, 2013) was an international commodity, commodities Trader (finance), trader, hedge fund manager, financier, businessman, and financial criminal. He founded the commodities company Glencore, and was later indicted in the United States on federal charges of tax evasion, wire fraud, racketeering, and making petroleum industry in Iran, oil deals with Iran during the Iran hostage crisis. He fled to Switzerland at the time of the indictment and never returned to the United States. He received a widely criticized presidential pardon from President of the United States, U.S. President Bill Clinton on January 20, 2001, Bill Clinton pardon controversy, Clinton's last day in office; Rich's ex-wife Denise had made large donations to the Democratic Party (United States), Democratic Party. Early life Rich was born in 1934 to a Jewish family in Antwerp, Belgium. His parents emigrated with their son to the United States in 1941 vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nyrstar
Nyrstar is a global multi-metals business, with a market leading position in zinc and lead and growing positions in other base and precious metals, such as copper, gold and silver. Nyrstar has mining and smelting operations located in Europe, North America and Australia. Nyrstar was created in 2007 by combining the zinc smelting and alloying operations of Zinifex (an Australian mining company, now merged with Oxiana Limited to form OZ Minerals) and Umicore (a Belgian materials technology company). It is incorporated in Belgium and has its corporate office in Switzerland. Nyrstar is listed on Euronext Brussels. Nyrstar was acquired by Trafigura in 2019. Operations Nyrstar has 4 mining operations located in North America. Nyrstar has 6 smelters (in Australia, Belgium, France, Netherlands, and the United States) and 1 fumer in Norway. Trafigura Trafigura Group Pte. Ltd. is a Singaporean-based Swiss multinational commodity trading company founded in 1993 that trades in base meta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Geneva
Geneva ( ; french: Genève ) frp, Genèva ; german: link=no, Genf ; it, Ginevra ; rm, Genevra is the List of cities in Switzerland, second-most populous city in Switzerland (after Zürich) and the most populous city of Romandy, the French-speaking part of Switzerland. Situated in the south west of the country, where the Rhône exits Lake Geneva, it is the capital of the Canton of Geneva, Republic and Canton of Geneva. The city of Geneva () had a population 201,818 in 2019 (Jan. estimate) within its small municipal territory of , but the Canton of Geneva (the city and its closest Swiss suburbs and exurbs) had a population of 499,480 (Jan. 2019 estimate) over , and together with the suburbs and exurbs located in the canton of Vaud and in the French Departments of France, departments of Ain and Haute-Savoie the cross-border Geneva metropolitan area as officially defined by Eurostat, which extends over ,As of 2020, the Eurostat-defined Functional Urban Area of Geneva was made up of 9 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commodity
In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price. Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemical substance, chemicals and computer memory. Popular commodities include Petroleum, crude oil, Maize, corn, and gold. Other definitions of commodity include something useful or valued and an alternative ter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UNSCAM
The Oil-for-Food Programme (OIP), established by the United Nations in 1995 (under UN Security Council Resolution 986) was established to allow Iraq to sell oil on the world market in exchange for food, medicine, and other humanitarian needs for ordinary Iraqi citizens without allowing Iraq to boost its military capabilities. The programme was introduced by United States President Bill Clinton's administration in 1995, as a response to arguments that ordinary Iraqi citizens were inordinately affected by the international economic sanctions aimed at the demilitarisation of Saddam Hussein's Iraq, imposed in the wake of the first Gulf War. The sanctions were discontinued on 21 November 2003 after the U.S. invasion of Iraq, and the humanitarian functions turned over to the Coalition Provisional Authority. The programme was ''de jure'' terminated in 2003 and ''de facto'' terminated in 2010. Although the sanctions were effective, there were revelations of widespread corruption in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Secret Lives Of Marc Rich
''The'' () is a grammatical article in English, denoting persons or things that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with nouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of the archaic pron ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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