Springfield asserts that the agreement was finalised following thorough legal and technical due diligence conducted by Petraco and its advisors, particularly focusing on Springfield’s operations and assets in Ghana’s lucrative West Cape Three Points Block 2.
Trafigura is facing a loss of up to $1.1 billion in Mongolia, linked in part to suspected fraud by its own employees. According to Bloomberg, the company’s staff manipulated payments while concealing a mountain of overdue debts, a malpractice that continued for years without raising any red flags.