Commodities
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’...
ADM announces industry’s first carbon neutral milling operations
(Posted on 31/08/21)ADM has announced that the company has achieved net carbon neutral status for its U.S. flour milling operations. This accomplishment is an industry first of its kind and scale. The company has 22 mills around the U.S. that process wheat, sorghum and corn into flour.ADM achieved net carbon neutral status at its U.S. mills through...
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