Commodities

USDA’s cover crop programme

(Posted on 02/03/20)

The U.S. Department of Agriculture (USDA) is launching a new pilot programme under the Conservation Reserve Program (CRP) that enables farmers in the Prairie Pothole region to receive payments for planting cover crops on their land for three to five years.USDA’s Farm Service Agency (FSA) announced Feb. 24 that the new Soil...

Glencore supports Wuhan hospitals

(Posted on 02/03/20)

Glencore has secured delivery of medical equipment to four hospitals in Wuhan, China, to support ongoing efforts to combat the effects of the new coronavirus (COVID-19) outbreak. The shipment of ten Hamilton-C1 ventilators has arrived in Wuhan from Shanghai. Glencore CEO, Ivan Glasenberg said: “The severity of the impact...

Rio Tinto’s strong results

(Posted on 28/02/20)

Rio Tinto has announced full-year ordinary dividend of $6.2 billion (382 US cents per share), including record final ordinary dividend of $3.7 billion (231 US cents per share), resulting in total cash returns of $7.2 billion (443 US cents per share)Rio Tinto Chief Executive J-S Jacques said “We have again delivered strong...

Rusal announces 2019 results

(Posted on 28/02/20)

RUSAL, a leading global aluminium producer, has announced operating results for the fourth quarter of 2019 (“4Q19”) and for the 12 months ending 31 December 2019 (“12M19”)[1].Key highlights include:AluminiumAluminium production[2] in 4Q19 totaled 949 thousand tonnes (+0.7% quarter-on-quarter (“QoQ&rdquo...

Glencore results reflect trade uncertainty

(Posted on 18/02/20)

Glencore’s Chief Executive Officer, Ivan Glasenberg, commented: “Our performance in 2019 reflected the prolonged and uncertain trade deal negotiations, generally weaker prices for our key commodities and some operational challenges experienced at our ramp-up/development assets. Adjusted EBITDA declined 26% to $11.6 billion...

IFA conference champions sustainability