Commodities
Rio Tinto shows greater consistency across key operations
(Posted on 19/01/25)Rio Tinto has released fourth quarter production results. Chief Executive Jakob Stausholm said: “Our operating performance in 2024 was good, consistent with our ongoing commitment to strengthen the business as we execute our strategy to deliver profitable growth. The implementation of our Safe Production System has again contributed...
Trafigura publishes 2024 Sustainability Report
(Posted on 19/01/25)Trafigura Group Pte Ltd. has published its 2024 Sustainability Report, highlighting the Group’s ongoing commitment to responsible business practices and progress towards its environmental, social, and governance (ESG) goals.Trafigura deploy infrastructure, market expertise and worldwide logistics network to move oil and metals...
NGFA comments on US East and Gulf Coast port labour deal
(Posted on 10/01/25)The International Longshoremen’s Association and the United States Maritime Alliance, Ltd. have released a joint statement announcing an agreement on a new six-year labour contract. The agreement must be ratified by both sides, but the tentative deal averts a potential strike that threatened to shut down East and Gulf Coast...
Vitol completes acquisition of Noble Resources
(Posted on 07/01/25)Further to the announcement of 2nd August 2024, Vitol B.V. has now completed the acquisition of Noble Resources Trading Limited.The August announcement stated that Vitol had agreed to acquire Noble Resources Trading Limited for an purchase price equivalent to $0.63 per share on a debt free / cash free basis subject to...
Rio Tinto progresses development of Quebec gallium extraction process
(Posted on 17/12/24)As part of a research and development programme, Rio Tinto is assessing the potential for extracting and valorising gallium, a critical and strategic mineral already present in the bauxite processed in its alumina refinery in Saguenay–Lac-Saint-Jean, the only one in Canada.When the preliminary phase of technology development...
Trafigura publishes 2024 Annual Results
(Posted on 17/12/24)Trafigura Group Pte Ltd, a market leader in the global commodities industry, has released results for its financial year ending 30 September 2024.Net profit for the period of USD2,759 million reflected strong contributions from Trafigura’s core divisions - Metals, Minerals and Bulk Commodities; Oil and Petroleum Products;...
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