Commodities
Trafigura closes the refinancing and extension of credit facilities
(Posted on 20/03/23)Trafigura Group Pte Ltd., a market leader in the global commodities industry, has announced the closing of its new 365-day European multi-currency syndicated revolving credit facilities totalling USD1.9 billion, as well as the extension and increase of its USD3.5 billion 3-year facility (“3-year ERCF”). The new 365-day...
Nexyst 360 selects Nexxiot to digitalize 5000 grain containers
(Posted on 07/03/23)Nexyst 360, an innovative grain transportation solution provider, has partnered with Nexxiot to digitalize its entire fleet of grain shipping containers with zero-maintenance IoT connectivity hardware. This enables real time transport intelligence across the entire journey, with user services made available through Nexyst 360&rsquo...
Cargill strengthens executive team
(Posted on 28/02/23)Cargill has announced the appointments of Joanne Knight as Chief Financial Officer (CFO) and Philippa Purser as Head of Strategy and Global Process Leader – each will help accelerate the company's strategic priorities and commitment to nourish the world in a safe, responsible and sustainable way."As Cargill continues to navigate...
SACE’s Push Strategy to support supplies of commodities to Italy
(Posted on 24/02/23)Trafigura, a market leader in the global commodities industry, has entered into a USD 500 million five-year loan arranged by SMBC, with SMBC acting as lender. The loan is guaranteed by SACE, Italy’s insurance and finance group controlled directly by the Ministry of the Economy and Finance, as part of SACE’s Push Strategy...
Job losses loom as British steel proposes coke ovens closure
(Posted on 22/02/23)British Steel has announced proposals to close its coke ovens as part of its drive to overcome global economic challenges and build a green and sustainable future. The proposals could lead to the loss of up to 260 roles at the company’s Scunthorpe site.The company, which saw its bills for energy and carbon increase by £...
Rio Tinto and Marubeni to create stronger Aluminium supply chains
(Posted on 20/02/23)Global miner Rio Tinto and Japanese trader and business conglomerate Marubeni Corporation have agreed a first sale under a new strategic Collaboration Agreement to secure a sustainable and reliable supply of Rio Tinto’s Responsible Aluminium products to Japanese downstream manufacturers.The first sale is a batch of Rio Tinto...
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