September 19, 2007
Trafigura Makes $10,000 Contribution to Montana Tech – the University of Montana’s School of Mines and Engineering
Trafigura AG, a branch of Trafigura, the world's third largest commodities trading company, announced a gift of $10,000 to Montana Tech, the University of Montana's School of Mines and Engineering located in Butte. The gift will help support the university's effort to retain and attract top talent in the fields of mining, metallurgy and geological engineering.
"The importance of supporting an elite institution like Montana Tech is greater than ever. This is a unique opportunity for us to contribute to a field that is critical to the growth of the American economy and Trafigura," said Richard Fromme, the Director of the company's Stamford, Connecticut office.
Trafigura's metals and minerals activities in the United States are conducted through its offices in Stamford and through its global network of offices and agencies on a worldwide basis. The division trades in all forms of the non-ferrous metals of copper, lead, zinc and aluminum, including ores, concentrates, refined metals, scrap as well as by products including associated precious metals. The division also trades alumina.
A Trafigura Senior Trader John Wall added, "It is necessary for Trafigura to invest in an institution that is educating the next generation of professionals in this very competitive field. I was impressed with the school's students and facilities during my visit to campus. As we help Montana Tech grow, we hope its graduates will help Trafigura grow its mining and minerals business."
Trafigura's possesses mines and storage facilities in Peru, Chile, Mexico, Morocco and Bolivia. Trafigura also possesses mining investments in Spain and is the foremost lead and zinc trader in the Balkans.
Michael Johnson, Vice Chancellor for Institutional Advancement and Development and the President of the Montana Tech Foundation received the donation and said; "We are thrilled to acknowledge this contribution. We are seeing positive responses by students to the fields of mining, metallurgy and geological engineering and gifts like this one will help to ensure we attract and retain the best talent. We are pleased that companies like Trafigura recognize the important of education and are willing to forge long-term relationships with colleges and universities."
Montana Tech is located in Butte. It was founded in 1893 as a mining school and merged with the University of Montana in 1994. The university specializes in engineering and technology education with additional programs in chemistry, safety and occupational health, professional and technical communication, nursing and general university humanities courses. The school has an enrollment of more than 2,270 students.
Trafigura AG is a wholly owned subsidiary of Trafigura Beheer B.V. With its principal office in Lucerne, Switzerland, it has United States branch offices in Stamford, Connecticut; Houston, Texas; and Miami, Florida. Trafigura and its subsidiaries form a privately-owned, leading global commodities trading group. Trafigura has been profitable every year since its inception in 1993, demonstrating stable results in addition to strong growth. Its net turnover has increased from approximately US$9bn in 2001 to US$45bn in 2006 (year ending September 2006) and its equity is now in excess of US$1bn. Trafigura remains focused on its core physical trading of crude oil, oil products, non-ferrous concentrates and refined metals.
The company maintains over 55 offices in 36 countries in Europe, North, Central and South America, Africa, Asia and Australia in order to provide global coverage.