Commodities
Rio Tinto acquisition receives shareholder support
(Posted on 13/12/22)Rio Tinto has received the required support from Turquoise Hill Resources Ltd shareholders for its proposed acquisition of the approximately 49% of the issued and outstanding shares of Turquoise Hill that it does not currently own.Given the transaction is being conducted by way of a Canadian plan of arrangement, it remains subject...
Cargill acquires Owensboro Grain Company
(Posted on 05/12/22)Cargill and Owensboro Grain Company, a fifth-generation family-owned soybean processing facility and refinery located in Owensboro, Ky., have announced that they have entered into a definitive agreement where Cargill will add Owensboro Grain Company (OGC) to its North American agricultural supply chain business.Owensboro Grain Company...
Rio Tinto to strengthen, decarbonise and grow
(Posted on 01/12/22)Rio Tinto is providing an update at its Investor Seminar on progress against its long-term strategy to strengthen the business, grow in a decarbonising world and continue to deliver attractive shareholder returns.Updates will include Rio Tinto’s market outlook, with the energy transition expected to add as much as 25% in new...
BioIron proves successful for low-carbon iron-making
(Posted on 29/11/22)Rio Tinto has proven the effectiveness of its low-carbon iron-making process using ores from its mines in Australia in a small-scale pilot plant in Germany, and is now planning the development of a larger-scale pilot plant to further assess its potential to help decarbonise the steel value chain.The process, known as BioIron, uses...
Rio Tinto, BHP and Fortescue to create safer workplaces
(Posted on 19/11/22)Rio Tinto, BHP and Fortescue are launching an innovative pilot programme aimed at helping to eliminate disrespectful behaviour in the resources industry including sexual harassment, bullying and racism.The launch comes after the three companies formed a partnership in October last year as part of their combined response to reports...
AJ Steel agreement with KEZAD to expand in Abu Dhabi
(Posted on 19/11/22)Leading UAE steel pipe manufacturer and exporter, AJ Steel, has signed an agreement with the integrated trade, logistics, and industrial hub of Abu Dhabi, Khalifa Economic Zones Abu Dhabi - KEZAD Group, for the development and operation of a large-scale steel pipe production facility in Abu Dhabi, to meet growing consumer demand...
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