Commodities
Bunge surpasses South American non-deforestation and sustainability targets
(Posted on 03/06/22)Bunge has announced that it has exceeded its non-deforestation targets for monitoring and traceability of soybean crops from its indirect supply chain in the Brazilian Cerrado. Through the Bunge Sustainable Partnership programme, the company is now able to monitor at least 64% of indirect volumes in the priority regions, surpassing...
British Steel launches green hydrogen feasibility study
(Posted on 31/05/22)British Steel is conducting a major study into the use of green hydrogen in the company’s drive to decarbonise its operations and manufacture net zero steel.The steelmaker, which is collaborating with EDF UK, UCL (University College London) and the Materials Processing Institute, has pledged to deliver net zero steel by 2050...
Trafigura makes further commitment to First Movers Coalition
(Posted on 25/05/22)Trafigura Group Pte Ltd., a market leader in the global commodities industry, has made a new commitment as a founding member of the First Movers Coalition. Led by the World Economic Forum and the US government, the First Movers Coalition (FMC) targets the heavy industry and long-distance transport sectors responsible for 30 percent...
BHP inaugurates a new copper concentrator in Spence
(Posted on 18/05/22)BHP CEO Mike Henry has led the opening of Spence's new copper concentrator plant.The project required an investment of US$2.46 billion and has a throughput of 95,000 tpd to produce copper concentrate and molybdenum concentrate.The inauguration of the concentrator is part of a global plan by BHP that seeks to reinforce the copper...
Schenck Process announces mining business sale to Sandvik
(Posted on 12/05/22)Schenck Process, a global company for sustainable, integrated measuring and process technology solutions, has announced that it has signed an agreement for the sale of its Mining business to Swedish engineering group Sandvik AB. Upon completion, the business will be integrated into Sandvik’s Rock Processing Solutions business...
BHP completes the divestment of its BMC interest
(Posted on 05/05/22)BHP has completed the sale of its 80 per cent interest in BHP Mitsui Coal (BMC) to Stanmore SMC Holdings Pty Ltd, a wholly owned entity of Stanmore Resources Limited (Stanmore Resources).Stanmore Resources has paid US$1.1 billion cash consideration at completion plus a preliminary completion adjustment of approximately US$200 million...
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