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Seven Years On, the Tide Finally Turns
The Belgian newspaper Gazet van Antwerpen published an article with testimonials of Nyrstar shareholders and the legal battle they have waged for the past seven years. Seven years ago this week, Nyrstar shares became worthless overnight, and thousands of minority shareholders were left empty-handed. Seven years of court proceedings and uncertainty followed. Today, the ground beneath this dossier has shifted, and it has shifted substantially, maybe even decisively. The article
7 hours ago2 min read


Not Just a Belgian Court Case: Why the Nyrstar Forgery Investigation Should Worry Governments Everywhere
Anyone who wants a clear, no-nonsense primer on what has recently happened in the Antwerp’ criminal proceedings involving Nyrstar should read a piece published by Discovery Alert, an Australian mining-news outlet with no obvious stake in the outcome. Their article, "Nyrstar Forgery Investigation in Antwerp: What Investors Should Know", does a rather good job of laying out, briefly and in plain language, the state of the legal proceedings and the weight of the three allegation
1 day ago4 min read


Minority shareholders file petition against Nyrstar board after company was formally placed under suspicion in criminal investigation.
Nyrstar Collective seeks appointment of a provisional administrator to break Trafigura's grip on the board of directors Brussels, 26 June 2026 – The minority shareholders of Nyrstar NV, united in Nyrstar Collective and together holding 15% of the shares, today filed a new petition with the Enterprise Court of Turnhout. They are requesting the appointment of a provisional administrator to safeguard the interests of the company. In 2019, virtually all operational assets of the
Jun 262 min read


Nyrstar Shelves Dissolution Vote After Being Placed Under Criminal Suspicion While Trafigura Pulls the Strings
Nyrstar NV withdrew a planned vote to dissolve the company from the agenda of its June 30 Annual General Meeting (AGM), a reversal the company says was prompted by a letter from Urion Investments, a Trafigura group company. In this very letter to the board of Nyrstar, Trafigura stated it would abstain from voting on the proposal to dissolve the company. This communication failed to address what appears to be the real reason behind Trafigura’s intervention and the board’s abru
Jun 264 min read


Nyrstar Formally Placed Under Suspicion Ahead of 30 June Shareholder Meeting
Just weeks before Nyrstar shareholders are scheduled to vote on the proposed discontinuation of the company, Nyrstar has been formally designated as a criminal suspect in the ongoing investigation into the controversial 2019 restructuring. Combined with a new intervention by Belgium’s financial regulator, the FSMA, this development could have significant implications for the upcoming General Assembly and the ongoing efforts by minority shareholders united through Nyrstar Coll
Jun 103 min read


Trafigura’s Transparency Gap: From Venezuelan Oil Deals to Korea Zinc’s $6.6bn Risk
Nyrstar Zinc processing plant The True Cost of a Convenient Partner When governments or corporations need to move vast quantities of commodities quickly, few firms can match Trafigura’s global reach. The Washington Post recently reported that the U.S. administration selected Trafigura to execute Venezuelan oil sales because of its logistics network, financial capacity and speed of execution. But the article also highlights a deeper tension: Trafigura’s strength is repeatedly
Apr 102 min read


Trafigura Faces Another Scandal: A Pattern Too Familiar to Ignore
A new day, a new scandal. Commodity trading giants Vitol and Trafigura are now under investigation for fraud in Bolivia. This time, the accusations involve the smuggling of poor quality gasoline that is reportedly damaging vehicles across the country. This case does not stand alone. It adds to a growing list of controversies involving Trafigura in recent years. In Belgium a criminal investigation into the transfer of assets from zinc smelter Nyrstar to Trafigura is still ongo
Apr 63 min read


The Korea Zinc Case: When Strategic Investments Meet Legal Uncertainty
Korea Zinc's ambitious $6.6 billion plan to build cutting-edge smelting infrastructure in the United States represents exactly the kind of investment Washington seeks. The strategy is clear: extract critical minerals domestically, reduce reliance on Chinese supply chains, and secure Tennessee's zinc operations as the foundation for American mineral independence. On paper, it's a win-win. In reality, it may be built on contested legal ground. A Foundation Built on Disputed Own
Apr 12 min read


Korea Zinc's $6.6 Billion Question: Does Trafigura Actually Own What It's Selling?
After acquiring Nyrstar’s U.S. assets from Trafigura, Korea Zinc is planning to invest $6.6 billion in building a state-of-the-art smelter allowing it to extract critical minerals. The operation includes acquiring Nyrstar's Tennessee mines and smelter from Trafigura, alongside the U.S. This in an effort to allow the U.S. to regain independence from China in the critical minerals market. But there's a critical risk: Trafigura may not be legally in position to sell what it inte
Feb 243 min read


Podcast: "The Lobito Corridor: Trafigura on track for Africa's mining heartland"
Public Eye’s latest podcast investigates the Angolan corruption scandal involving Trafigura. It sheds light on how the company allegedly...
Mar 27, 20251 min read


Trafigura to Pay $126 Million and Plead Guilty to Brazil Bribes
"Trafigura Group will pay $126 million and plead guilty to US charges related to bribery in Brazil, in the latest case involving...
Mar 27, 20251 min read


Ex-Trafigura boss convicted of bribery in landmark case
The conviction of Trafigura and one of its key executives is a watershed for the commodity trading industry, and is by all means...
Jan 31, 20252 min read


Nyrstar owner Trafigura convicted of corruption
It is hereby (once again) confirmed: Trafigura, the international commodities trader that hijacked the assets of Belgium's industrial...
Jan 31, 20252 min read


When crimes are no longer under investigation
Isabel Albers writes in De Tijd: 'We should not accept that our police and judicial systems are so dysfunctional. The judicial system is...
Dec 21, 20242 min read


Unmasking Corporate Corruption at Trafigura: A Tale of Blurred Values and Deceptive Practices
The recent landmark bribery trial involving Trafigura 's former COO, Mike Wainwright, sheds a disturbing light on the inner workings of...
Dec 10, 20241 min read


Trafigura’s Bribery Case Puts Commodity Trading Culture on Trial in Switzerland
A landmark trial is set to shake the global commodity trading industry as Trafigura Group and its former chief operating officer face...
Dec 2, 20242 min read


Antwerp public prosecutor's office launches new investigation into zinc group Nyrstar
The Public Prosecution Service is now retracing its steps and has opened a new investigation. Antwerp Courthous e - © Fred Romero The...
Oct 8, 20242 min read


Nyrstar case at Antwerp Public Prosecutor's Office escalated to judicial investigation
Forgery and use of forged documents? Misuse of company assets? The net is closing in on Nyrstar and its main shareholder, Trafigura : an...
Jun 27, 20241 min read


Settlement in the US costs Nyrstar owner Trafigura 51 million euros
Trafigura is currently embroiled in another scandal. In this article, De Tijd's Bert Broens states that 'The Singaporean commodities...
Jun 17, 20242 min read


Nyrstar owner Trafigura admits founder approved bribes
While Trafigura , the (former) directors of Nyrstar NV and their respective armies of advisors in Belgium remain deafeningly silent...
Apr 5, 20241 min read
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