Mercuria Energy Trading SA has entered into a three – year supply agreement for copper sourced from the Democratic Republic of Congo. As part of this deal, it will offer up to $100 million in prepayments to Eurasian Resources Group (ERG).

ERG, registered in Luxembourg, disclosed in an emailed statement on Thursday that this financing will support the development of its copper projects in the Central African nation. This financial injection is crucial for ERG’s expansion plans in the region.

Mercuria has been making aggressive inroads into the metals sector, particularly focusing on Central Africa’s copper – rich countries. Bloomberg News reported earlier this month that the firm’s new metals division has already amassed around $300 million in trading profits this year. Mercuria’s growth in the metals market is significant and demonstrates its strategic focus on this sector.

Kostas Bintas, Mercuria’s global head of metals and minerals, stated that “The facility will strengthen ERG’s asset development in the Democratic Republic of the Congo — a region of growing strategic relevance to Mercuria.” This highlights the strategic importance of the Con...