Trafigura slams the door in the face of IBI World

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Summary: This article recounts how Trafigura blocked accredited journalists from IBI World and Gli Stati Generali from attending a Nyrstar shareholder meeting in Brussels, sparking accusations of secrecy and suppression. The reporters intended to question Trafigura’s alleged circumvention of sanctions via oil deals with Russia and raise concerns about Nyrstar’s zinc reserves at its Langlois mine in Quebec. Minority shareholders also accused Trafigura of orchestrating a takeover through opaque restructuring, acquiring 98% control and underreporting asset values—like a $22 million deal for assets possibly worth billions. The Langlois site, despite huge zinc potential, was quietly shelved before the takeover. Trafigura’s refusal to answer questions or permit media access amplified transparency and governance criticisms from shareholders and press alike​.

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Source: IBI World