Marula Mining Locks in Copper Offtake with Traxys, Securing Market Access Through 2029

Highlights

• Marula Mining PLC signs an exclusive long-term offtake agreement with Traxys Europe SA for 100% of copper production from Tanzania's Kinusi Copper Mine through December 2029, with initial deliveries expected May 2026.
• The deal with Luxembourg-based Traxys, a $10B annual turnover commodity trader, provides Marula with a fully secured sales channel and de-risks market access while supporting production ramp-up to 24,000 tonnes per annum.
• This offtake certainty marks a critical inflection point for the AQSE-listed African mining company, strengthening its commercial footing and signaling East Africa's emerging role in global base and critical mineral supply chains.

Marula Mining PLC (opens in a new tab) has signed a long-term offtake agreement with Traxys Europe SA, securing exclusive rights for 100% of copper production from its Kinusi Copper Mine in Tanzania through December 2029, with a two-year extension option. Initial deliveries are expected in May 2026, with pricing linked to London Metal Exchange benchmarks—providing immediate exposure to global copper markets and aligning revenues with prevailing market conditions.

The agreement represents a critical milestone for Marula, an African-focused mining and development company listed on the AQSE, with a growing portfolio spanning copper, lithium, graphite, and manganese assets across East and Southern Africa.

Traxys, a Luxembourg-based global commodity trader with over $10 billion in annual turnover, brings established logistics, financing, and marketing capabilities—effectively de-risking Marula’s route to market while supporting project ramp-up.

From a strategic standpoint, the deal provides Marula with a fully secured sales channel, a key requirement for advancing mine development and attracting further capital. The company has already indicated that funding arrangements are in place to support production scaling at Kinusi alongside other regional assets.

For investors, this is a classic early-stage mining inflection point: offtake certainty. While execution risks remain—particularly around production ramp-up and financing—the Traxys agreement materially strengthens Marula’s commercial footing and signals growing confidence in East Africa’s emerging role in global base and critical mineral supply chains.

Profile

The Kinusi Copper Mine is a high-grade copper mining project located in Tanzania’s Dodoma Region (Mpwapwa District), operated by Takela Mining Tanzania Limited and developed by Marula Mining PLC. The project is advancing through a two-phase plan, focusing on extracting high-purity copper ore via open-pit mining to produce copper concentrate and, eventually, cathode for international markets, with plans to ramp up production to 24,000 tonnes per annum.