Cliveden Trading AG is a trading and marketing company offering bespoke services to junior miners.
The company was registered in December 2011 and started operation in March 2012, after winning its first contract to source copper concentrates from Erdenet in Mongolia and sell them on to Chinese smelters. Cliveden Trading AG hired Cofarco to arrange the corresponding financing lines in this tight time span.
Under this mandate, Cofarco was responsible for:
Three bilateral facilities were arranged as part of this mandate; they covered the financing of copper concentrates in inland transit across Mongolia and China, and the potential margin calls resulting from the copper hedge position that the company booked on the London Metal Exchange.