斯Trinity Metals正在与潜在的顾问及投资者接洽，计划在美国进行首次公开募股。目前钨价持续上涨，这为该卢旺达矿业公司扩大产能的计划提供了有力支撑。
Metals is talking to potential advisers and investors for a US initial public offering as surging tungsten prices bolster the Rwandan miner’s plans to expand output.
首席执行官彼得·格莱塔在采访中表示，自2022年他上任以来，公司便一直在为上市做准备，如今已具备进入公开市场的条件。目前公司也正与美国等地的投资者洽谈，探讨在IPO前进行融资的可能性。
The company has been working toward a listing since Chief Executive Officer Peter Geleta took the helm in 2022 and is now reaching the point where it’s ready for public markets, he said in an interview. It’s also in talks with investors, mainly in the US, about a possible pre-IPO fundraising.
“我们倾向于在纽约证券交易所上市，”格莱塔说道，不过并未透露公司的估值水平。
“We’re leaning strongly toward a US, New York listing,” Geleta said, without offering a valuation.
自中国实施出口管制、限制对日钨产品出口并加大海外废钨收购力度以来，钨价已较两年前上涨了八倍以上。这种广泛应用于国防、航空航天及工业领域的金属，如今已成为西方国家构建稳定矿产供应链的重点对象。
Tungsten costs more than eight times what it did two years ago, before China imposed export controls, tightened shipments to Japan, and stepped up purchase of scrap from overseas. The metal — used in defense, aerospace and industrial applications — is now a focus of the West’s push to build secure mineral supply chains.
美国政府一直对矿产资源丰富的非洲中部地区颇为关注，曾促成卢旺达与刚果民主共和国达成和平协议，鼓励双方加强包括矿业投资在内的经济合作。不过迄今为止，这一举措仍未能有效遏制刚果东部地区的武装冲突。
Washington has eyed mineral-rich Central Africa, mediating a peace deal between Rwanda and the Democratic Republic of Congo that called for greater economic cooperation — including investment in mining. So far, however, that push has largely failed to stem the deadly conflict in eastern Congo.
Trinity Metals的大股东为布赖恩·梅内尔执掌的投资公司TechMet Ltd.。美国国际开发金融公司也是TechMet的股东之一，并曾向Trinity Metals提供技术援助资金。目前Trinity Metals仍在与该机构协商，争取获得其承诺的3500万至5000万美元股权投资，相关申请于2024年提交。
Trinity’s majority shareholder is TechMet Ltd., an investment firm led by Brian Menell. The US International Development Finance Corp. is a TechMet shareholder and has provided Trinity with technical-assistance funding. Trinity is still in talks with the DFC over a $35 million to $50 million equity investment it applied for in 2024.
目前，公司的投资重点是其位于尼亚卡宾戈的钨矿项目。预计明年上半年相关可行性研究即可完成，随后公司将着手建设一座耗资6000万至8000万美元的加工厂及尾矿处理设施。
The company’s immediate investment priority is its Nyakabingo tungsten mine, where Trinity expects to complete studies in the first half of next year before starting construction of a processing plant and tailings facility costing between $60 million and $80 million.
目前，尼亚卡宾戈矿每月可产出100至120吨精矿。据盖莱塔介绍，随着机械化作业的推广、大规模采矿的实施以及新工厂的建成，这一产量有望在三到五年内增长两倍。尼亚卡宾戈矿生产的部分精矿会被运往宾夕法尼亚州，加工成粉末后用于国防及工业领域。
Nyakabingo currently produces 100 to 120 tons of concentrate a month, but that could triple in three to five years with mechanization, bulk mining and the new plant, Geleta said. Some of what Nyakabingo produces is shipped to Pennsylvania, where it’s processed into powders for defense and industrial uses.
由于矿产品价格持续上涨，特里尼蒂公司对外部融资的需求随之减少。盖莱塔表示，该公司计划将今年预计可获得的1亿美元现金收益重新投入生产。
Soaring prices have reduced Trinity’s need for outside funding, according to Geleta, who said the company will reinvest the $100 million in cash it expects to generate this year.
未来五年内，特里尼蒂公司希望在卢旺达境内的尼亚卡宾戈、鲁通戈和穆沙这三座矿山均建成现代化加工厂。目前公司正加大各矿区的勘探力度，重点寻找钨和锡资源；穆沙矿区则具备钽和锂资源开发的潜力。虽然公司也曾考虑在非洲其他地区进行收购，但盖莱塔强调，现有业务仍是其发展重心。
Trinity ultimately wants modern plants at all three of its Rwandan mines — Nyakabingo, Rutongo and Musha — within five years. It is also stepping up exploration across its operations, including for tungsten and tin, while Musha offers potential growth in tantalum and lithium. The company has considered acquisitions elsewhere in Africa, but Geleta said its existing operations remain the priority.