Commodities
Rio Tinto triples Weipa bauxite mine solar capacity
(Posted on 21/09/21)Rio Tinto has approved a new solar farm and battery storage at Weipa in Queensland, in a move that will more than triple the local electricity network’s solar generation capacity and help provide cleaner power to Rio Tinto’s operations.Under the plans, EDL has been contracted to build, own and operate a 4MW solar plant...
Trafigura raises USD400 million US Dollar Bond
(Posted on 21/09/21)Trafigura Group Pte Ltd, one of the world’s leading independent commodity trading companies, has announced the successful raising of USD400 million through a US Dollar Perpetual Subordinated Bond (“the Bond”). The Bond issuance drew very strong and wide support from institutional investors and private banks in...
Rio Tinto teams with Caterpillar for zero-emissions autonomous trucks
(Posted on 16/09/21)Rio Tinto and Caterpillar have signed a Memorandum of Understanding (MoU) for Caterpillar’s development of zero-emissions autonomous haul trucks for use at one of Rio Tinto’s Western Australian mining operations.The collaboration will see Rio Tinto work with Caterpillar to advance the development of the manufacturer&...
German government commits to fund ArcelorMittal Hydrogen DRI plant
(Posted on 13/09/21)During a visit to ArcelorMittal Germany’s steel plant in Hamburg, Federal Environment Minister Svenja Schulze pledged the Federal Government’s support for the construction of Germany’s first industrial scale hydrogen-based direct reduced iron (DRI) plant.This demonstrator plant, which will use hydrogen exclusively...
Fossil-free steel pioneered in cargo handling industry
(Posted on 07/09/21)Cargotec and SSAB have agreed to work on the introduction of fossil-free steel to the cargo handling industry. The intent outlines that the companies will start coordinated development toward the use of SSAB’s fossil-free steel in Cargotec’s cargo handling equipment.Cargotec's business areas Kalmar, Hiab and MacGregor...
Australian mining well placed to support Japan’s decarbonisation efforts
(Posted on 02/09/21)Australian mining’s long-term partnership with Japan on commodity trade to support economic growth, energy security and decarbonisation can strengthen with a focus on energy commodities, critical minerals and technologies such as hydrogen with carbon capture, storage and utilisation.The Minerals Council of Australia’...
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