Commodities
Soaring demand opens up investment opportunities across West Africa
(Posted on 25/06/25)Despite China’s dominant position in securing commodities across Africa, there are still many opportunities to invest in mines, bulk markets and logistics services, said Capt. Pappu Sastry, CEO of ASL, speaking at the Asia Dry Bulk Cargo Summit at Drycon in Mumbai recently.“China is very aggressive and successful at...
Rio Tinto and Hancock Prospecting invest $1.6 billion in Pilbara iron ore project
(Posted on 25/06/25)Rio Tinto and Hancock Prospecting will invest $1.61 billion (Rio Tinto share $0.8 billion) to develop the Hope Downs 2 iron ore project in Western Australia’s Pilbara region.The Hope Downs 2 project, to mine Rio Tinto and Hancock Prospecting’s Hope Downs 2 and Bedded Hilltop deposits, has now received all necessary State...
SSAB postpones commissioning of new steel mill in Luleå by 12 months
(Posted on 20/06/25)SSAB has commenced preparatory work to build a new, state-of-the-art steel mill in Luleå, Sweden which will replace the current blast furnace-based production. Vattenfall Eldistribution has announced that reinforcements to the transmission grid for the new steel mill will not be delivered as planned and following an initial...
Anglo American streamlines leadership team to reflect portfolio progress
(Posted on 20/06/25)Anglo American plc has streamlined its executive leadership team to reflect substantial progress with the simplification of its portfolio, with the demerger of Valterra Platinum completed and the sales agreed for the steelmaking coal and nickel businesses.Anglo American is a leading global mining company focused on the responsible...
NeoSmelt welcomes Government support for steel decarbonisation project
(Posted on 20/06/25)NeoSmelt, a consortium of leading resources, energy and manufacturing companies working together on ways to produce lower-emissions steel1 from Pilbara iron ore, welcomes Australian Renewable Energy Agency (ARENA) support for its planned Western Australian pilot plant.The consortium, founded by BlueScope, BHP and Rio Tinto also...
Telestack announces new iron ore project
(Posted on 16/06/25)Northern Ireland based Telestack have announced that they have been awarded a contract for the supply of a modified HF 24T with on Board Gen set to one of the world’s largest iron ore producers.The unit will consist of a modified HF 24T with on Board Gen set to feed existing ship loaders and will work along with a previously...
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