Mubadala invests in an online metal trading platform

0
41


Bloomberg reported that Mubadala Investment Company (Mubadala) will invest $33 million in the Swiss online mineral trading platform Open Mineral AG.
The Swiss company said in a statement that the Mubadala Fund will be the lead investor in the upcoming funding round, and the funds will be used to expand the company’s digital commerce offerings and provide more opportunities for producers and traders to buy and sell metals and raw materials online.
“The company owns 45% of its trading platform, and the investors include the Chinese Zijin Mining Group, Russia’s Ora Mining, Statecraft and Lingfeng Capital,” said Boris Eicher, CEO of Open Mineral. And a number of individual investors.
It is noteworthy that Mubadala is an active investor in the field of minerals and mining, and has previously invested in the Spanish copper mining company Matsa and the giant trading group Trafigura.




LEAVE A REPLY

Please enter your comment!
Please enter your name here