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Commodities

Kaisa Hietala to join Rio Tinto Board

(Posted on 20/12/22)

Rio Tinto has appointed Kaisa Hietala as a non-executive director. Ms Hietala, a Finnish citizen, will join the Board on 1 March 2023.Ms Hietala is an experienced executive with a strong track record of helping companies transform the challenges of environmental megatrends into business opportunities and growth. She began her career...

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Bulk minerals volumes up 10% as Trafigura posts strong results

Bulk minerals volumes up 10% as Trafigura posts strong results

(Posted on 13/12/22)

Trafigura Group Pte Ltd, a market leader in the global commodities industry, has released its results for its financial year ending 30 September 2022. It was a year where strong demand for its services and its ability to manage risk delivered record results.Profit for the year of USD7,026 million was more than double the previous...

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Rio Tinto acquisition receives shareholder support

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...

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Cargill acquires Owensboro Grain Company

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...

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Rio Tinto to strengthen, decarbonise and grow

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...

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BioIron proves successful for low-carbon iron-making

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...

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