(Bloomberg) -- The two truckloads of metal that
rolled out of Glencore International AG's Mopani Copper Mines in
Zambia in February never made it to their destination at the
Indian Ocean port of Durban, South Africa. Hijackers got to the
trucks first, overcoming both the drivers and the satellite
tracking system designed to disable the vehicles remotely in the
event of an emergency.
``It's a growing problem,'' says Shaun Sinden, general
manager of ESO Trucking in Johannesburg, which has been moving
minerals across Africa for 30 years. Glencore, the world's largest
commodities trader, faces risks ranging from robbery to strikes to
government confiscation. The closely held Baar, Switzerland-based
company operates on six continents and produces and trades
billions of dollars of oil, coal, metals and grain every day.
Read more at Bloomberg Exclusive News
rolled out of Glencore International AG's Mopani Copper Mines in
Zambia in February never made it to their destination at the
Indian Ocean port of Durban, South Africa. Hijackers got to the
trucks first, overcoming both the drivers and the satellite
tracking system designed to disable the vehicles remotely in the
event of an emergency.
``It's a growing problem,'' says Shaun Sinden, general
manager of ESO Trucking in Johannesburg, which has been moving
minerals across Africa for 30 years. Glencore, the world's largest
commodities trader, faces risks ranging from robbery to strikes to
government confiscation. The closely held Baar, Switzerland-based
company operates on six continents and produces and trades
billions of dollars of oil, coal, metals and grain every day.
Read more at Bloomberg Exclusive News
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