Noble Said to Hire Nyrstar’s Barbir for Metals Concentrates

Jul 03, 2014 11:27 am ET

(Adds X2 Resources financing in third paragraph.)

July 3 (Bloomberg) -- Noble Group Ltd., Asia’s biggest commodity trader by sales, hired Kareem Barbir to trade industrial metals concentrates, according to three people familiar with the matter.

Barbir, previously with Nyrstar NV, joined this week and is based in London, said the people, who asked not be identified because the information hasn’t been made public.

Hong Kong-based Noble has been expanding its industrial- metals business beyond aluminum. The trading house was chosen last year by Nyrstar, a producer of refined zinc, to market part of the company’s European output. Noble is contributing at least $500 million to finance mine acquisitions by X2 Resources, a company founded by Mick Davis, formerly Xstrata Plc’s chief executive officer.

Mark Hansen has been heading Noble’s physical and derivative metals trading since 2012. The company hired Goldman Sachs Group Inc. metals traders David Freeland, Scott Evans and Jeff Romanek in the past 15 months to trade copper, zinc and lead.

Stephen Brown, a spokesman for Noble in Hong Kong, declined to comment.